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Gold/Mining/Energy : BCE Emergis - global e-commerce

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To: sPD who wrote (147)	7/10/1998 11:41:00 PM
From: sPD	Read Replies (1) of 1341

"Online retail stronger than expected" Even while shares of Amazon.com fell in trading again Friday, prospects for online retailing remain bright, according to one analyst and retailer. In some categories at least, online sales volumes are believed well ahead of the bullish predictions made last year. Forrester Research analyst Kate Delhagen said her estimate last October was that the sales for books and music on the web would hit $288 million. "Already, it looks like Amazon.com (AMZN) will hit that themselves," she told CBS.MarketWatch.com. Delhagen's estimate for computer hardware and software sales was $1.67 billion. Information that Forrester is getting from Dell Computer (DELL) "put us right on track," she said. Reports such as Egghead.com (EGGS) made Monday, that sales at one of its auction sites doubled from the first to the second quarter, "are supporting our case," Delhagen added. More ammunition for the bullish e-tail scenario also came from Reel.com chief executive officer Julie Wainwright. She told CBS.MarketWatch.com the online video retailer's business plan called for a five-fold sales increase this year, "and we're on plan," she said.

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