from NUA surveys:
Techserver: Ecommerce Predicted to Top 1 Trillion by 2002
The global ecommerce industry will generate in excess of USD I
trillion by 2002, according to the CEO of Cisco Systems, John
Chambers. Speaking at the Gartner Group Symposium in Florida,
Chambers said that the current eccomerce projections of USD 200 to
300 billion are far too conservative.
Analysts were underestimating the importance of the
business-to-consumer trade over the next five years, he said, arguing
that there was excessive focus on the business-to-business market.
Speaking about the impact of the Internet on Cisco Systems, Chambers
said that Cisco had been able to cut its expenses by USD 500 million
by moving its business onto the Internet. The company's annual
expenditure is in the region of USD 2.5 billion. Further, the Web
accounted for 64 percent of Cisco's overall revenue of USD 8.5
billion last year.
<http://www.techserver.com/newsroom/ntn/info/101498/info5_8023_nofram
es.html>
kathy
(who really has cooled off)
> Kathy E. Gill
> DCAC/MRM Production Visibility Support -- 425.234.2004, pager 425.568.0195
> The biggest mistake people make in life is not trying to make a living at
> doing what they most enjoy. ~ Malcomb S. Forbes
> Microsoft Exchange: the perfect name for its users' greatest desire!
>
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