Posted by Marguerite Ladriere on March 12, 2000 at 12:17:18:
This is from Business Week (03/13/2000):
"On Feb, 25, General Morors, Ford Motor, and DaimlerChrysler abruptly cast aside plans for separate online procurement sites to collaborate on the a single exchange for auto-parts supplieres. The unnamed electronic marketplace could quickly become the Net's largest business, says auto analyst David M. Garity of Dresdner Kleinwort Benson. Revenues in 2002 could be as high as 6.9 bilion-more than four times e-commerce king Amazon.com's. Market value could hit $100 bilion when it goes public, possibly in 12 to 18 months."
"E-marketplaces parlay the Net's ubiquity to pull together multiple buyers and sellers into one virtual place, easily reachable through a Web browser. The instant communication afforded by the Web is expected to slash transaction cost by up to two-thirds, help companies locate new customers and suppliers, and even streamline design and production."
"And some cynics wonder what all the fuss is about. "This is EDI in drag," sniffs Mark L.Walsh, CEO of the online trading community VerticalNet. "They're just using Internet to force suppliers' prices down.". Indeed, some observers think the purpose of recent announcements is to boost share prices of the participants, or let them cash in on the IPOs they're planning for their new creations."
Any comments? May we be a part of this?