Because they don't have to stock the books, they can offer over 3 million book titles where the Internet customer can choose from quickly and easily, while the largest bookstores have only about 100,000 titles. More than 2,700 newspapers and 800 TV stations and 47 of the top 50 magazines now are in the internet. Nearly 5 million people now trade stocks over the internet. Dell Computers is currently the hottest computer stock in the market based on a very simple reason - they manufacture and sell direct to the user. The Internet is more than just selling.
Companies also use it to do other transactions.
Boeing has put their spare parts business on the Net, and believes that they were able to process roughly 20 percent more shipments with the same data entry people in its first year. We hope that this has highlighted some of the basic paradigm shifts in the way business has been done. In many developed countries, the vision of one computer per household is slowly becoming reality, and it is expected soon that insurance, broadcasting, learning, education, electronic arts, news, music, video, tax collection, communications, and banking will now be done on the internet. Cebu is coming up to meet with the challenge. More than 40 Internet Service Providers and Caf 's are now operating, serving thousands of people and businesses.