Internet Economy Index: $301 billion in 1998 in U.S.

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Washington--The Internet economy generated $301 billion in U.S. revenue and was responsible for 1.2 million jobs in 1998, according to research released last week by the University of Texas and sponsored by Cisco Systems. The study also found that last year, electronic commerce exceeded $102 billion for U.S.-based companies and the average revenue per Internet employee was 64% more than non-Internet workers, or $250,000 vs. $160,000. These data were compiled by interviewing more than 3,000 U.S.-based companies that generated significant portions of their revenue from Internet products or services. The report is the first phase of the Internet Economy Index, which will provide a snapshot of the Internet economy, and can be viewed at
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