February 1, 1998

News from Cyberspace

Are executives soaring on the Internet? A survey by the Deloitte Consulting says that the Internet is falling out of favor with a growing number of North American corporate executives. Why? Because of poor online business. Despite a rise in corporate Internet use, a majority of chief information officers are disillusioned with the Internet’s perceived inability

to improve companies’ bottom lines. Barbara Kieley, a Deloitte partner, says that 69 percent of executives questioned say Internet costs are a “significant concern,” up from 16 percent in 1995. As a result, executives are cutting back on Internet spending, with the number of…

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