Analyst Predicts Wall Street Meltdown Will Slow Ecommerce Growth Through 2010

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Analyst Predicts Wall Street Meltdown Will Slow Ecommerce Growth Through 2010

10-09-2008, 12:16 PM,

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mandy Offline

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Analyst Predicts Wall Street Meltdown Will Slow Ecommerce Growth Through 2010

Quote: The Wall Street meltdown will slow the growth of e-commerce and online advertising through 2010, predicts San Francisco-based stock analyst Sandeep Aggarwal of UK investment bank Collins Stewart LLC.

"Though we believe that both Net advertising and e-commerce companies will continue to see secular shifts online and the Internet will continue to be one of the fastest-growing sectors, the sector is exposed to slowing growth due to a bleak macro economic outlook," Aggarwal wrote last week in a note to investors...

full article: http://www.internetretailer.com/dailyNews.asp?id=28057

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