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To: Tri Bui who wrote (733)	11/27/1998 8:04:00 PM
From: Mohan Marette	Respond to of 1634

Bubba & Al to promote e-Commerce. Tri: Looks like there is no telling where this 'i-Nut' thing is going to take us (investors/traders/speculators et al) at this rate,now we have President and 'Veep' Al promoting it.A good sign of things to come if I may say so. Hang in there but watch closely,I am. Here is the article. ============================================================= (Excerpts from C/Net) Clinton, Gore to promote e-commerce By Bloomberg News Special to CNET News.com November 25, 1998, 2:25 p.m. PT WASHINGTON--President Bill Clinton and Vice President Al Gore on Monday will ask executives from companies like Cisco Systems, as well as legislators and government officials, to help boost the Internet as a global marketplace. Yet while the Clinton administration will use the White House event to promote efforts to make it easier for companies to expand their electronic commerce, critics say the industry isn't doing enough to protect consumers' privacy online. "All of the market research shows that the biggest obstacles to consumer adoption of online commerce are concerns about privacy and security," said Bill Whyman, an Internet analyst with Legg Mason's precursor group. The administration gets "poor grades" in those areas, he added. Almost 9 million households will have shopped online by the end of the year, up from 4.5 million last year, according to Cambridge, Massachusetts-based Forrester Research. Market researcher Boston Consulting Group projects that online retailing is growing more than 200 percent annually and merchants will sell $13 billion worth of goods this year through the Internet. "The progress has been substantial, but not as much as American businesses and consumers expect or need," Whyman said. "They realize there's a lot of work that needs to be done." Toward that end, Clinton's top Internet adviser, Ira Magaziner, will release a report on White House Internet initiatives and recommend further steps in several areas, including beefing up privacy protections. "E-commerce is doubling in size every year," said Magaziner, who plans to step down before the end of the year. "Getting the right policy architecture in place to develop that growth is an essential economic issue."............. news.com