To: James Harold Alton who wrote (12851 ) 12/16/1998 5:27:00 PM From: Alan Lynch Read Replies (1) | Respond to of 19331
James, you are dead right. The fundamentals have not changed. I found this piece of information which I feel should reinforce investor confidence in the direction Mr. Murphy is taking. "Internet access and IP-based services represent two of the fastest growing segments of the over $200 billion telecommunications services marketplace according to International Data Corporation ("IDC"). IDC estimates that the number of Internet users in the United States who access the World Wide Web reached approximately 29.2 million in 1997 and is forecasted to grow to approximately 72.1 million by the year 2000. In addition, total Internet Service Provider ("ISP") revenues in the United States are projected to grow from $4.6billion in 1997 to over $18 billion in 2000. In the past, much of the growth in ISP revenues has been driven by the dial-up or retail sector of the Internet. However, today businesses represent the largest and fastest growing -segment of the Internet market. IDC predicts that U.S. corporate Internet access revenues will grow from approximately $1.9 billion in 1996 to over $6.6 billion in 2000 and that revenues from enhanced Internet services, such as web site hosting, security, e-commerce, virtual private networks and advanced Internet applications, will grow from approximately $352 million in 1997 to over $7billion in 2000." And remember, this info relates only to the US. Add on prospective new telecom income. Also, remember Edge is still bringing in $1.6m a week. I just hope they have the staff in place to ramp up all the pieces in place. Any comments? Regards, Alan