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Technology Stocks : FSII - The Worst is Over?
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To: H James Morris who wrote (1911)4/22/1998 9:00:00 AM
From: Joe Dancy  Read Replies (1) of 2754
 
Interesting you mention internet sales. Am working on an article on emerging trends in electronic commerce based on latest Commerce Department study (it is at ecommerce.gov - check it out , it is well worth browsing over).

Here are some of my comments:

"Internet Commerce Begins to Take Off

With increasing usage sales over the internet are also exploding. Cisco Systems booked just over $100 million of sales on the Internet in 1996; by the end of 1997 its Internet sales were running at a $3.2 billion annual rate. Amazon.com, the first Internet bookstore, recorded sales of less than $16 million in 1996; in 1997 it sold $148 million over the Internet. Dell Computers sold less than $1 million of computers per day on the Internet in 1996; the company reported sales of $6 million during the 1997 holiday period.

The Commerce Department said 10 million people across the United States and Canada made purchases - from airline tickets to books to automobiles - on the World Wide Web by the end of 1997, up from 7.4 million people six months earlier. If the trends suggested by the study continue, technology and electronic commerce can be expected to drive economic growth for many years. "

Now what FSII sells is not as adopted to the Internet as books, so I don't know how well it would be received, but it may be an interesting PR play.

Joe
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