Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Susan G who wrote (8107)	6/23/1999 2:25:00 PM
From: WallStreetTips	Respond to of 28311

GNET >>> Internet Economy This article found at icyspicy.com Gore: Internet technology crucial to economic well-being By STEVEN K. PAULSON DENVER (June 23, 1999 11:00 a.m. EDT nandotimes.com) - The Internet is rapidly transforming how America does business, and Web entrepreneurs and teachers should make sure the nation "goes boldly into the Information Age," Vice President Al Gore says. Gore told a crowd of students, teachers and businesspeople at the University of Colorado at Denver on Tuesday that the United States now has the lead in information technology. He said the country has to keep it to compete in a global economy. The vice president also released a report from the Commerce Department that said new digital technologies are changing the way Americans work, live, communicate and play. "Six and a half years ago, there were just 50 Web sites around the world. Today there are more than 6 million," Gore said. "Today, information technology is changing the way we live, learn, work and shop." In seven years, nearly half the workers in America will be employed by industries that either are producers or intensive users of information technology, Gore said. Later, at a campaign fund-raiser, he said education will be a key to getting those high-tech jobs. Education also will be a major plank in his campaign platform. "If you elect me president, I will make high-quality preschool available to every child," he said. "Above all, education, education, education." Gore said the nation's economy has soared along with the Internet. He credited the Web with increasing sales, cutting inflation and forcing businesses to refocus on customer service and competitive prices. According to the Commerce report, information technology industries have grown to less than 1 percent of all retailers in the past four years but account for one-third of the nation's economic growth. The boldest prediction was for future job growth, with an estimate that nearly half of American workers will be employed in Internet-related jobs by 2006. "I think that's already happening," said Maria Schafer, program director for the Meta Group, an Internet research company based in Stamford, Conn. The report also warned that wage gaps between information technology workers and other workers are widening. Gore said the United States will become a partner with 10 developing countries in an initiative called "Internet for Economic Development." The initiative, designed to increase Internet access and use throughout the world, initially will focus on Guatemala, Jamaica, Bulgaria, Egypt, Morocco, Ghana, Guinea, Uganda, South Africa and Mozambique. It will provide regulatory and technical advice and training to help those nations create an attractive, pro-competitive environment where the Internet can flourish, he said.

To: Susan G who wrote (8107)	6/23/1999 3:16:00 PM
From: Sleeper	Read Replies (2) \| Respond to of 28311

Like your list of possible reasons for the jump in price/share, Susan. At the risk of repeating myself, let me add one more: Portal for a Broadband Network. In my opinion, this quote form Russell Horowitz is immensely important: "We're also developing a broadband content division and other initiatives to effectively position Go2Net as the primary content delivery platform for Paul Allen's rapidly growing network of Cable subscribers.'' What this means to me is that GNET is entering a new arena of 'net services: Home entertainment. Broad band is not necessary for any of GNET's current services except perhaps an expansion of the games component; however, Broad Band cable will prove to be the medium of choice for delivery of Web TV and Movies on Demand. The revenue streams from these enterprises could conceivably exceed all current GNET revenue streams combined. As the primary content provider to Allen's Broad Band Network GNET is truly positioned to grow exponentially. JMO of course, but the evaluation of the facts leads strongly to this conclusion. Sleeper