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Internet technologies and
applications have grown more rapidly than anyone could have
envisioned even five years ago, opening up brand new
frontiers of communication, collaboration and coordination
between consumers, businesses and trading partners. The Web
has quickly culminated into a myriad of highly sophisticated
hardware and software applications that are enabling forward
thinking companies to leverage the massive and ubiquitous
public technology infrastructure of the Internet to create
new value for their stakeholders.
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The Internet Economy grew 68
percent from the first quarter of 1998 to the first quarter
of 1999 and now accounts for 2.3 million jobs, according to
the University of Texas Center for Research in
Electronic Commerce. These figures - the Internet Economy
Revenues Indicator(tm) (IERI), the Internet Economy Jobs
Indicator(tm) (IEJI) and the growth rate - are the principal
findings of the second report on measuring the Internet
Economy commissioned by Cisco Systems.
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