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To: Glenn D. Rudolph who wrote (62147)	6/13/1999 2:36:00 PM
From: Rob S.	Respond to of 164684

eCommerce "sales" has been reported recently to have reached over $301 billion - far exceeding early expectations. But when you look at that number it really isn't that surprising - or out of line with earlier, lower forecasts. That's because the $301 billion number includes such things as on-line financial transactions such as stock trading and banking. Those numbers are huge but represent a very low margin per transaction. The billions in Internet stock trades this year alone have over-inflated the figure. Some in the media have quickly latched onto the $301 bil figure and made the leap in judgement to conclude that eCommerce has "already exceeded the size of the automotive industry". While true in some sense, that's a bit like saying that Greenland is the same size economy as the U.S. because the land mass is so huge.