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Pastimes : The Big Picture - Economics and Investing

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To: Investor-ex! who wrote (466)12/1/1997 8:48:00 AM
From: greenspirit  Read Replies (1) of 686
 
Investor-ex, saying Cisco's business does not involve applications related to Internet Commerce is like saying Intel's business does not involve the computer industry but Semiconductors construction only.

Cisco's routers are the heart and soul of Internet Commerce and will continue to be so for the forseable future.

As to your second point, acceptance of Internet Commerce is quite slow. I provide you three examples.

1. Amazon.com
2. Etrade
3. Dell with the following proof.
INTERNET SALES TOP $3 MILLION A DAY

Dell also continued to expand its Internet commerce capability during the quarter. The company's Internet Web site (www.dell.com) now is generating sales of more than $3 million per day. This is equivalent to an annual run rate of approximately $1 billion.

Think back only 3 years ago and tell me who would have dreamed a computer company would be selling 3 MILLION dollars of computers via the Internet Daily??

If that's not acceptance, I don't know how you could define it.

Michael
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