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The Online Advisor - July 1999
The Internet economy is booming
A report just out indicates that business on the Internet is outpacing previous estimates. In 1998 the Internet economy produced $301 billion in revenue and created 1.2 million jobs.
The report stated that Internet growth has averaged 174.5 percent a year for the past four years.
The study was conducted by the University of Texas and sponsored by Cisco Systems, Inc. Additional details on the study are available at www.internetindicators.com