To: DayTraderKidd who wrote (8382 ) 11/28/1998 9:13:00 AM From: Streetwise Read Replies (2) | Respond to of 15313
Peaceful, Whether FNTN is involved in E- Commerce, depends on the definition of E-Commerce. If E-Commerce is defined, as just including business to consumer transactions, perhaps you're on target, (although it's FNTN's intent to also connect the individual investor to their member broker-dealers, and mutual funds), but if the definition of E-commerce includes business to business transactions, FNTN is definitely involved with E-commerce (broker-dealers to mutual funds). A recent article addresses the definition of E-Commerce: November 16, 1998 E-BUSINESS CLICK ON PROFIT -- ELECTRONIC COMMERCE REACHES BEYOND SIMPLE TRANSACTIONS. IT'S A WHOLE NEW WAY OF DOING BUSINESS. Peter Jordantechweb.com Several quotes from the article: 1. What Is E-Biz? "Although its more visible practitioners are the business-to-consumer Web marketeers, such as Amazon.com and Priceline.com, e-commerce means more than just consumer sales over the Internet: It's the automation of any business-to-business or consumer-to-business relationship." 2. Defining e-commerce as "the enablement of trade between companies through electronic means," Stacie McCullough, a Forrester analyst, agrees that the low cost, simplicity and ubiquity of the Internet are driving the e-commerce explosion: "With traditional EDI, it was tremendously expensive to do cross-company collaboration. The Internet brought this wave of enablement by making information and communication accessible, and has driven this new era of the boom in commerce during the past two years." Business-to-business e-commerce activity-which in most cases means extranets over the Internet-is far more significant than the more visible business-to-consumer sales activity, says McCullough. "In looking at how companies are going to be doing business, we believe extranets will be the dominant trade medium. That's where we see the value in e-commerce-they can share information that's not readily accessible to the open market." Although Forrester predicts business-to-consumer e-commerce activity to grow at only 9 percent a year, the extranet spending at a typical Fortune 1000 company is growing at an extraordinary pace, from $200,000 annually today to some $5 million a year by 2002, says McCullough. 3. When asked which businesses are VAR targets for an e-commerce sale, "everybody" is the answer of Alyse Terhune, research director for the e-commerce and extranet application service of Gartner Group Inc., a Stamford, Conn., research firm. "Our client base is primarily the Fortune 1000 in all industries," Terhune says. "They call us because they're launching a huge number of e-commerce initiatives; chief among them is customer self-service." Industries with information as a key component of their product such as publishing and financial services will have to move faster than others, she says, but everyone will eventually engage in some form of e-commerce." Regards, Streetwise