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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: charger who wrote (4299)	10/2/1998 12:33:00 PM
From: E. Graphs	Respond to of 4903

Netscape exec says Net economy can grow in slowdown dailynews.yahoo.com >>Barry Ariko said transacting business over the Internet had too much potential to be stopped by a downturn in world growth forecast by many economists after a string of emerging market crises. ''The total economy would have to make an impossible type of collapse to reach a point where it would stop the available growth opportunites in the Net economy,'' Ariko told Reuters during a stop in Zurich. ''Now it might slow it down a little bit from what is unbelievable growth to maybe something that would just be fantastic growth, but it's not going to stop it.'' Netscape hired Ariko away from Oracle Corp (ORCL - news) in August as part of its effort to expand in enterprise software, or products for use in electronic commerce. Netscape estimates the total market for enterprise software could generate $10 billion in revenues in 1998 and triple in size by 2001. On-line shopping, just one of the facets of commerce in cyberspace, is forecast to swell from revenues of $12.4 billion last year to about $425 billion by 2002, according to a study by U.S. market researcher International Data Corp. Ariko said despite these kinds of growth rates, cyber-business was still too small compared to the size of the world economy to be constrained by broad trends. A downturn in world growth could even be a boon to Internet commerce because companies and consumers would be all the more eager to reduce costs and the time its takes to do business, the Netscape executive said.<<