By John Oates, 24 September 1998 17:57
NEWS Intel chief executive, Craig Barrett, has brought his message of ecommerce to the UK, in a speech to 250 executives of major European companies. He claimed Intel has already received $2bn of orders through its trial ecommerce venture. But he admitted these were orders and not paid for online. Barrett predicted that online orders will earn the company $20bn in 1999. "By 2002, IDC estimates the business-to-business ecommerce market to be $450bn - I think that is an underestimate," he said. He claimed ecommerce is fast becoming a fact of business life. He claimed doing nothing is not an option - businesses must move to adopt it or they will not survive. Barrett also took the opportunity to berate European Internet service providers and telephone networks for over-charging consumers, hence slowing the take-up of Internet use. He claimed people in the UK pay two and a half times as much as US users.
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