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Piper Sees ’09 E-Commerce Down 10 Percent; Online Ads Up 2 Percent

in News on December 4, 2008 at 11:27 am PT

Gene Munster of Piper Jaffray cut estimates on 33 Internet companies today. He claims that it’s due to the “significant deterioration in the economic and consumer spending outlook.” Well, at least people are saving a little money. Munster sees e-commerce spending down 10 percent in the coming year, and online advertising up just two percent.