Here's the rest of the story...
Subject: Finance - Internet Daily @ 02/23/99
Date: Tue, 23 Feb 1999 16:56:57 MST
From: InfoBeat <finance@infobeat.com>
To: vpelt@magick.net
Finance - Internet Daily for Tuesday, February 23, 1999
Sponsored by: CBS MarketWatch at
cbs.marketwatch.com
Intel, Ziff-Davis see pots of e-commerce gold
While we're a month away from spring, analysts at Ziff-Davis (ZD)
are already anticipating prospects for e-commerce during the
fourth-quarter holiday season. Results of a company survey of
adults indicate 24 million people are likely to buy gifts online
this year, more than three times the 7.8 million who made
purchases last year. "Consumer confidence in the Web as an
established and trustworthy buying channel is growing at an
astonishing pace," said ZDNet's Barry Riggs. He said the Net's
position is attributable to the convenience of online shopping and
customers' satisfaction. He said 99 percent of customers reported
they were "extremely satisfied" with their experience last year.
ZDNet's survey indicated the value of online shopping during the
October-December holiday season was $4.1 billion, and is expected
to more than triple to $13.7 billion this season.
Another bullish forecast for the Internet and e-commerce, and for
many holiday periods to come, was made by Intel Corp. (INTC)
Company executive Paul Otellini told a developers conference in
Palm Springs, Calif. his vision for the future is "a billion
Internet-connected PCs and millions of servers generating one
trillion dollars of e-commerce revenues" by 2002. "The Internet is
as important to Intel's future as silicon was to our past," he
said. His comments also included a description of Intel's
development of Net-specific technologies and features of the new
Pentium III processor.
vpelt |
