Caught In The Web
The Internet bug has hit the home office, and there's no end in sight.
Internet penetration for home offices and small businesses with five or fewer employees rose from 7 percent in 1996 to 48 percent in 1998, and should top 80 percent by 2002, according to a new report from Cahners In-Stat Group, a leading industry research firm.
SOHOs, which constitute the majority of small businesses, spent roughly $3 billion on Internet technologies and services in 1998, the company reports. In the future, these businesses plan to make Internet-related investments in equipment, high-speed access and applications, says Kneko Burney, director of markets and computing for Cahners In-Stat Group.
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