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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (7985)	6/22/1999 10:02:00 AM
From: GraceZ	Read Replies (2) \| Respond to of 28311

It looks like the short sellers and daytraders are going to take us on a roller coaster today....hang onto the bar and don't let 'em get you rattled, don't let 'em shake you out of your stock! (I know you won't be Sarkie---this is for all those Newbies out there!) picked this off anouther thread... As for GNET, I wish I had never sold it last year. Doing nothing would have been real sweet. A $$2 billion market cap on a stock with $$11 million in sales,,, who would have thought............. we did!

To: Sarkie who wrote (7985)	6/22/1999 10:10:00 AM
From: WallStreetTips	Read Replies (1) \| Respond to of 28311

GNET >>> Very interesting article on E-World Economy Article found at icyspicy.com Report: E-world fuels U.S. economy By Susan Page, USA TODAY WASHINGTON -- A Commerce Department study to be released Tuesday concludes that the digital world is driving the nation's economic growth, holding down its inflation rate and transforming the American workplace. Information technology industries -- that is, producers of computer and communications hardware, software and services -- accounted for only 8% of the nation's total economic output from 1995 to 1998 but contributed more than one-third of its economic growth, the report says. By 2006, it projects, almost half of U.S. workers will be employed by industries that produce information technology or are intensive users of it. That compares with 40% in 1989. The report, "The Emerging Digital Economy II," is the second of planned annual studies on the size and effect of the most explosive part of the U.S. economy. Vice President Gore, who has highlighted his credentials as technology-savvy in his presidential bid, was to unveil the report in a speech to students, high-tech workers and CEOs at the University of Colorado at Denver. Among the report's findings: The rising quality and falling prices for information technology goods and services cut the overall inflation rate by 0.7 percentage points in both 1996 and 1997, the latest year for which data is available. From 1993 to 1998, investments in computers and communications accounted for more than half of the growth of business equipment spending. That makes it a driving force in the nation's unprecedented investment boom. Workers in information technology industries in 1997 earned an average 78% more than workers generally -- $52,920 vs. $29,787 -- and the wage gap is growing. In 1989, the gap was 56%. "The study is a very nice overall painting of the new landscape," says Stuart Feldman, director of IBM's Institute for Advanced Commerce research center. "What is being said here is the U.S. economy is now being driven to a significant extent by IT (information technology) progress." The report comes on the heels of a landmark University of Texas study this month that focused on the Internet economy, one part of the terrain covered in the Commerce Department report. It concluded that e-commerce generated $301 billion in revenue and created 1.2 million jobs last year. Gore also will announce that the United States will work with a group of developing countries to increase Internet access and use, and he will address concerns about a global "digital divide." The World Bank will finance pilot projects as part of the initiative, and the World Trade Organization will hold a special session Friday on technical assistance.