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To: Cherry who wrote (4480)	4/16/1998 12:18:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 7703

ARTICLE BELOW>>>>>>>>>>>>>>>>> Everybody's getting wired. Consumers and businesses are jumping onto the World Wide Web in droves -- so fast that the amount of data being processed over the Internet is doubling every 100 days, according to a Commerce Department report released yesterday. An estimated 62 million Americans -- 100 million people worldwide -- now regularly use the global-computer network to communicate and glean information, up from 3 million in 1994. And an increasing number are making credit-card purchases online. Meanwhile, corporations such as General Motors, Boeing and FedEx are revamping their business models so they can buy materials and sell products over the Internet. GM alone plans by 2000 to have all 12 of its business units purchase materials online -- to the tune of $5 billion. ''What is the report telling us? That the digital economy is alive and well and growing,'' Commerce Secretary William Daley said at a Washington, D.C., press conference. The huge numbers demonstrate ''that businesses and consumers are beginning to harness the power of the Internet and electronic commerce,'' said Jon Englund, vice president of the Information Technology Association of America, an Arlington, Va., high- tech trade association that represents 11,000 companies. The report said business-to- business purchases, such as wholesale buying of supplies, could reach $300 billion by 2002 and routinely save some of America's largest companies hundreds of millions of dollars by lowering their costs and reducing inventories. But the Commerce Department cautioned that consumers ''must be more comfortable that credit card and personal information given online will not be tampered with, stolen or misused'' before the potential of digital commerce is realized. Among the report's key findings: -- The Internet's furious growth has left other media industries in the dust. It took radio 38 years to gain 50 million listeners and television 13 years to match that figure. The Internet passed 50 million users in four years. -- By late 1997, 10 million people in North America had made purchases on the Web -- from cars and books to airline tickets -- up from 7.4 million six months earlier. -- The information technology industry -- fueled in large part by the breakneck pace of Internet- related business -- is growing twice as fast as the overall economy. Without the information technology industry, inflation in 1997 would have been 3.1 percent instead of 2 percent. Digital industries now account for nearly 40 percent of the gross domestic product. -- High-tech workers earn an average of $46,000 a year, compared with $28,000 in other private sectors. -- Internet domain names have become the cyber equivalent of vanity license plates. The number of names registered skyrocketed from 26,000 in July 1993 to 1.3 million by July 1997. The report also predicts that consumers will do more of their shopping, banking and reading online. Travel bookings, for example, could rise from $1 billion last year to $8 billion by 2001. Some industry observers believe the Internet is growing even faster than the Commerce Department's report indicates. ''If anything, we think the report is too conservative when assessing the economic impact,'' said Englund, who says the Internet accounted for nearly all of the Gross Domestic Product growth last year. He also thinks the high-tech salary estimates are low. Noting the explosive growth of the Net and its importance to the national economy, the report recommends that government agencies ''shouldn't burden'' electronic commerce ''with extensive regulation, taxation or censorship.'' Last month, the National Governor's Association and local officials endorsed legislation by Representative Christopher Cox, R- Newport Beach, to impose a three- year moratorium on new Internet taxes. President Clinton also supports the bill, which is pending in Congress.

To: Cherry who wrote (4480)	4/16/1998 12:45:00 PM
From: MARK C.	Read Replies (10) \| Respond to of 7703

Get YOUR FLIGHT BAGS READY we are for real folks . DIGITCOM tomorrow will close the deal on the purchase of an ISP in Indonesia the name is Prime Net. This will be the first ISP in Indonesia owned YES OWNED by a foreign company. Then I believe he said the following day was the contract signing to carry Indostats long distance calls. And in a few days the signing of Telecom profit sharing deal. A meeting tomorrow with the cousin of the minister of telecommunications in Indonesia. A meeting Saturday with the commissioner of INDOSTAT. All deals will be immediately accretive. The economic hardships in Indonesia i was told will not effect telecom but mostly the banks and real estate values. The office of Digitcom is located in a 5 STAR hotel. His best estimate was approx. 100 employees as soon as this is all settled. They will have a web page in about to weeks, they are going to fly someone in to construct it. There are about 1.04 telephones per 100 people in Indonesia (talk about your growth potential. I told him I would call him back in 2 weeks and he said he may not be there that he had to go to the phillipines and then to SYDNEY and that Jimmy had to head to Viet Nam in a week or two. Sorry thats all the info I was able to get as MRESSER was very busy and I didn't want to overstay my welcome. By The way Mr. Esser is Jimmy' partner and a CEO of Digitcom he and Jimmy share the title. You didn't think one man could handle all this did you? Well I hope there is a little bit of happiness back on this thread after reading this. MARK C.