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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (21268)	6/10/1999 6:07:00 PM
From: Craig A	Respond to of 41369

Somebody is using somethin'.. Study: Internet Impact Put at $301B Associated Press Online - June 10, 1999 17:18 By TED BRIDIS Associated Press Writer WASHINGTON (AP) - The impact of the Internet on the nation's economy exceeds $301 billion in revenues and accounts for more than 1.2 million jobs, growing over the past four years to a level other industries took decades to reach, a study says. The study, by an economics research center that described its results as "highly conservative," found that electronic commerce - the worldwide purchases across the Internet of books, automobiles and other goods and services from U.S. companies - generated nearly $102 billion last year. The remaining revenues came from companies that create hardware or software, support the Internet's infrastructure or act as intermediaries for digital transactions, such as online travel agents or brokerages. The study, which will be updated four times annually, was funded by Cisco Systems Inc., the $8.5 billion company in San Jose, Calif., that makes specialized computer hardware for the Internet. It was conducted by the Center for Research on Electronic Commerce at the University of Texas in Austin. The total Internet-related revenue of $301 billion is about 4 percent of the nation's gross domestic product - the broadest measure of economic health - and electronic commerce is about 1.3 percent of GDP. But Cisco's chairman, John Chambers, predicted dramatic growth will continue. "Internet business, in today's times - it's only in the second or third inning," Chambers said Thursday. "Think about how long it took other industries to reach $300 billion. Literally, in under a decade, we've reached a level that it took other industries 100 years to reach." Ethan Harris, deputy chief economist for Lehman Brothers, said the study's results were important because, despite anecdotal information about the Internet's tremendous impact on the economy, there exists what he called a "data desert" to quantify its effects. "I don't want to stand up here and say this is God's gift to the world," Harris said. But he also called the study "a very good start" and noted that gauging activity across the Internet was a difficult exercise. The university said it compiled the study's results by looking at 3,100 U.S. companies that generate all or part of their revenues from Internet products or services. Some of the information was compiled using reports from research companies, financial reports and the Web sites for 300 of the largest companies. Headlines Previous Story Next Story

To: Susan Saline who wrote (21268)	6/10/1999 6:16:00 PM
From: Neville H. J. Gorman	Read Replies (1) \| Respond to of 41369

You're right about the signup strategy. I was only talking about Germany. There AOL is extremely expensive in comparison to other ISPs. They need to set up new contracts with Deutsche Telekom for cheaper access to the local phone network. Hope they get this problem solved soon. The issue will be decided in court this summer if I recall it correctly. We'll see. I heard AOL then wants to introduce a flat rate. Hope so. They really need it. I'm long AOL and continue to be for the next years.