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To: joe who wrote (15226)	4/16/1998 12:53:00 PM
From: joe	Respond to of 45548

Here's some more Internet growth hype (personally, I believe it!) Joe -------------------------------------------------------------------- ____IT Anchoring U.S. Economy, Commerce Says____ The IT industry has doubled the growth rate of the U.S. economy, accounting for more than a quarter of the country's economic growth in the past five years, according to a Department of Commerce report released yesterday. from news@daily.informationweek.com The report says IT now makes up 8% of the economy, employing 7.4 million workers, who typically are paid significantly higher salaries than non-IT workers. IT workers average a salary of $46,000 annually. The nationwide private-sector average is $28,000. The report also says that despite the higher salaries, the industry still lacks the people to fill IT jobs, with 1.3 million IT positions needing to be filled in the next 10 years. Commerce called on businesses to help rectify the situation: "We want you to work with us to help people make the shift into changing jobs," said Commerce Secretary William Daley yesterday, in presenting the data to business leaders in Washington. "We need you to retrain workers whose skills may be obsolete." IT growth has been pushed in part by the rapid growth of the Internet, which has doubled in traffic every 100 days and is expected to reach 1 billion users by 2005 -- up from 3 million users in 1994. Commerce says it expects $300 billion in Internet commerce by 2002. -- Jeff Sweat from: news@daily.informationweek.com

To: joe who wrote (15226)	4/16/1998 1:06:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

Joe, the Cowen upgrade partially explains why the call options were active Tuesday and the run-up yesterday and slightly today. But I really don't like Cowen these days since they change their rating on any stock on the dime. They don't seems to know what they are talking about. They sounds like a bunch of guys working out from their basements - don't seems to have any more information than we do. The cutting of 10 mbps NIC prices yesterday was a good move. That's older technology and the production cost must be very low by now. And their production cost from Asia should also be drastically lower now too. That's also a pre-emptive strike - better do it yourself first before somebody do it onto you ! Mang