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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony
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To: Stephen B. Temple who wrote (2002)12/2/1998 6:58:00 AM
From: Stephen B. Temple  Read Replies (5) of 3178
 
Money's still here> Internet Venture Capital: Another Billion in Q3

By Maryann Jones Thompson

For the second consecutive quarter, venture investment in
Internet-related companies topped $1 billion according to a new
analysis from VentureOne.

A total of 145 deals were recorded during the third quarter, totaling
$1.051 billion. This figure translates to a 31 percent increase over the
same period last year and fully one-third of total venture capital
investments.

"This shows the tremendous strength of Internet business as
investors continue to pour more money into the segment," said Rolf
Selvig, director of business development at VentureOne.

Nearly $4 of every $10 were funneled into firms classified as Internet
"business services," while "infrastructure" firms saw the greatest jump
in investments, up 83 percent over second quarter.
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