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| Press release - new economy |
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| The economic growth experienced
in Western Europe, but especially in the US is due to a great extent to the application
of Internet technologies in the economy. This way huge savings are being achieved,
unemployment is being cut back and information is more efficiently used to make
decisions. This economy based on the Internet and its technologies is called New
or dot.com Economy.
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Huge
Savings through eBusiness Solutions |
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| Irrespective
of the domains where eBusiness solutions are being applied to, costs can be cut
back significantly, in some cases even up to 39%, allowing for further investments
in additional projects. The following statistics reprezent average savings' rates
in different industries in Germany. |
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Chemical
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Steel
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Petrolium
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Communication
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Media
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10%
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11%
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5-15%
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5-15%
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10-15%
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Pharmaceutical
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Computers
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Shipping
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Production
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Electronics
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12-19%
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11-20%
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15-20%
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22%
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29-39%
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| Source:
Goldman Sachs |
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The
value of information |
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| New technologies make
information more accessible and facilitate its flow through the organization bridging
the gaps between imperfect and less transparent markets. For this reason the market
capitalization of companies that distribute information or have the technology
to do so, is skyrocketing, even if revenues and profits are modest |
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| Source: Yahoo! Finance
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Internet
in Romania |
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TLD (Top Level Domain)
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1998
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1999
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2000
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34786
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36294
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~42000
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| Source: RIPE NC |
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Internet usage
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1998
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1999
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2000*
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At home
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56750
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95000
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189200
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At
work
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454000
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794500
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1135000
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| Source: Arthur Andersen
*DotCom IC forecast |
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