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Internet Commerce on the Rise

Editorial Staff

A study released by the International Data Corporation finds that revenue generated from e-commerce (financial transactions that take place over the Internet) is expected to reach $400 billion by the year 2002.

IDC predicts the number of computer users who will purchase goods and services on line will rise dramatically, from 18 million in 1997 to 128 million in 2002. IDC also predicts that there will be 320 million people on the Net the end of 2002.

Reference

E-commerce to hit $400 billion. C/Net News ([url=http://www.news.com]http://www.news.com[/url]), August 17, 1998.

September 1998
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