Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bald Man from Mars who wrote (7023)	4/15/1998 2:39:00 PM
From: Tom Markowski	Read Replies (1) of 18691

Internet Stocks continue to rise. Here's what CNN just released from the commerce department. Findings Looking at the impact of advances in telecommunications and computing, the Commerce report, "The Emerging Digital Economy," found that: Traffic on the Internet has doubled every 100 days. In 1994, a mere 3 million people were connected to the Internet. By the end of last year, more than 100 million were using it. The Internet is growing faster than all other technologies that have preceded it. Radio existed for 38 years before it had 50 million listeners, and television took 13 years to reach that mark. The Internet crossed the line in just four years. Internet commerce among business will likely surpass $300 billion by 2002. Using credit cards, 10 million people in the United States and Canada had purchased something on the World Wide Web by the end of 1997, an increase from 4.7 million people six months earlier. Without information technology, inflation in 1997 would have been 3.1 percent, more than a full percentage point higher than the 2 percent it was. Tom

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