---------- Forwarded message ----------
Date: Sat, 12 Jun 1999 21:56:50 -0500
From: Paul Nielson <[EMAIL PROTECTED]>
Reply-To: Universal Access Canada <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED]
Subject: [UA-C] E-Commerce revenue estimated at $301 billion,
workforce of 1.2 million
COMMUNICATIONS-RELATED HEADLINES for June 10, 1999
E-COMMERCE : U.S. INTERNET REVENUE PUT AT $301 BILLION
Issue: Internet
With a workforce of 1.2 million people, the Internet industry was more
productive than almost any other last year, generating $301 billion in
revenues. Researchers from the University of Texas Graduate School of Business,
who conducted the study financed by Cisco Systems, found that the Internet
rivaled the automobile ($350 billion) and telecommunications ($270 billion)
industries and that e-commerce was the fastest growing component with $102
billion in revenues. Cisco commissioned the study -- which it intends to repeat
on a quarterly basis -- in order to obtain better data to help gauge the scope
of the Internet industry. The Dept. of Commerce, which is currently gathering
data on e-commerce and will release an updated report on the digital economy
this month or next, cautioned against taking immoderate actions based on these
numbers [such as switching industries] while others were concerned with the
definition of the term online business.
[SOURCE: Washington Post (E7), AUTHOR: Leslie Walker]
(http://washingtonpost.com/wp-srv/WPlate/1999-06/10/215l-061099-idx.html)
See Also:
NET'S IMPACT REVISED UPWARD
[SOURCE: San Jose Mercury News, AUTHOR: Deborah Claymon]
(http://www.mercurycenter.com/svtech/news/indepth/docs/econ061099.htm)
(c)Benton Foundation, 1999. Redistribution of this email publication -- both
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