Internet rings up 'puny' sales

Article Abstract:

According to a landmark survey from Statistics Canada, online purchases in Canada accounted for only 0.2% of the total $1.8-trillion in overall private sector spending. The survey found that Canadian companies received $4.2-billion in online orders in 1999. In the retail sector, Canadians spent $610.6-million in 1999, which is less than the amount spent by the Americans. According to the Department of Commerce's Census Bureau, Americans spent US$5.2-billion, 0.6 of all retail sales, over the Internet during the fourth quarter. During the fourth quarter of 1999, Canadians conducted 0.4% of their shopping over the Internet, 50% less than the amount spent by Americans.

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Philsar secures venture capital

Article Abstract:

Philsar Electronics Inc, a manufacturer of radio signal processors for wireless communication equipment, generated $10.25 mil in venture capital from a group of investors lead by Working Ventures Canadian Fund of Toronto, Canada, with a contribution of $2.1 mil. Other investors include Murray Hill, NJ-based Lucent Technologies Inc, Japan-based Omron Corp, Santa Clara, CA-based Intel Corp, Palo Alto, CA-based JAFCO America Ventures Inc and Westwood, MA-based Prism Venture Partners.

Philsar Electronics Inc.

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Who's afraid of Munir Sheikh?

Article Abstract:

Munir Sheikh is a mild-mannered, slightly built economist always wanted to be a bureaucrat and for the past 32 years, he is a low-profile tax policy expert in the Department of Finance. He is in charge of the government's process to strip $12-billion out of federal spending up to 2009 and reassign that money to health care and other items that are considered more important.

Management dynamics, Texas, Practice, Beliefs, opinions and attitudes, Government spending policy, Government executives, Sheikh, Munir

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