Quick viewing(Text Mode)

Mexico Team II Pages

Mexico Team II Pages

Team II Pages Overview The Internet and The Information Guide to this Site Who we are Revolution in Mexico "E-commerce is to the Information Revolution what the railroad Introduction was to the Industrial Revolution — a totally new, totally unprecedented, totally unexpected development…In the new An introduction to mental geography created by the railroad, humanity mastered Mexico distance. In the mental geography of e-commerce, distance has The Information been eliminated." Revolution Peter F. Drucker — "Beyond the Information Revolution" in The Atlantic Monthly (October 1999) Background What is this site about? Communications This site represents the output for a Labour Markets class project conducted by Stanford Education University undergraduate and Nature and Access of postgraduate students. The course Opportunity — a joint class offered by the Latin Financing American Studies and Computer Private Sector Science Departments, is called "The Government Policies Information Revolution in Latin America: Obstacles and Analysis Opportunities through the Internet". Our class has split into 9 teams investigating current situation and future trends in the adoption and usage of Ministry of Public internet technologies in different Latin American countries. The class objective Education is to produce output that: Infosel Mexico in Latin "draws from multiple disciplines to analyze the opportunities and obstacles the Information Revolution presents for newly America developing countries in Latin America." Conclusions Our team is focused on understanding internet opportunities and obstacles in Mexico. Positive Outlook Future Roadblocks Our site is split into seven sections: Concluding Remarks 1. the Overview (this page) giving the high level guide to this site and who we are; Special 2. the Introduction, acting as a starting point for discussion of the Mexican Section: environment in particular and the Information Revolution in general; E-Commerce 3. the Background Research, detailing many of the key factors that influence the course of the Information Revolution in Mexico; Resources ❍ Communications Useful links ❍ Labour Markets

http://www.stanford.edu/~binain/mexico/index.html (1 of 2) [12/13/1999 4:36:13 PM] Mexico Team II Pages

Feedback/Discussion ❍ Education Contact us ❍ Nature and Access of Opportunity ❍ Financing ❍ Private Sector ❍ Government Policies

4. the Analysis section, where we evaluate the progress of the Information Revolution in Mexico, and look at two case studies in a little more detail: the Ministry of Public Education and Infosel.

5. our Conclusions where we summarize our take-away findings from our work - the positive points for Mexico and potential pitfalls, as well as our concluding remarks;

6. The E-commerce section, where we analyze the factors at play in successfully bringing e-commerce into mexico ; and

7. a Resources section where we suggest useful links which we have discovered in the course of our work, provide a forum for posting feedback, and supply a contact for website details. The Team:

Will Budreau — Stanford University — Symbolic Systems Department — Undergraduate Lisa Marino — Stanford University — Latin American Studies Department — Post Graduate Simon Morris — Stanford University — Graduate School of Business — MBA Student Bernardo Naranjo — Stanford University — School of Education — Post Graduate

Last revised 12/06/99 contact webmaster

http://www.stanford.edu/~binain/mexico/index.html (2 of 2) [12/13/1999 4:36:13 PM] Overview of the Internet Revolution in Mexico The Internet and The Information Revolution in Mexico "E-commerce is to the Information Revolution what the railroad was to the Industrial Revolution — a totally new, totally unprecedented, totally unexpected development…In the new mental geography created by the railroad, humanity mastered distance. In the mental geography of e-commerce, distance has been eliminated."

Peter F. Drucker — "Beyond the Information Revolution" in The Atlantic Monthly (October 1999) What is this site about?

This site represents the output for a class project conducted by Stanford University undergraduate and postgraduate students. The course — a joint class offered by the Latin American Studies and Computer Science Departments, is called "The Information Revolution in Latin America: Obstacles and Opportunities through the Internet". Our class has split into 9 teams investigating current situation and future trends in the adoption and usage of internet technologies in different Latin American countries. The class objective is to produce output that: "draws from multiple disciplines to analyze the opportunities and obstacles the Information Revolution presents for newly developing countries in Latin America." Our team is focused on understanding internet opportunities and obstacles in Mexico. Our site is split into seven sections: 1. the Overview (this page) giving the high level guide to this site and who we are; 2. the Introduction, acting as a starting point for discussion of the Mexican environment in particular and the Information Revolution in general; 3. the Background Research, detailing many of the key factors that influence the course of the Information Revolution in Mexico; ❍ Communications ❍ Labour Markets ❍ Education ❍ Nature and Access of Opportunity ❍ Financing ❍ Private Sector ❍ Government Policies

4. the Analysis section, where we evaluate the progress of the Information Revolution in Mexico,

http://www.stanford.edu/~binain/mexico/overview.html (1 of 2) [12/13/1999 4:36:20 PM] Overview of the Internet Revolution in Mexico and look at two case studies in a little more detail: the Ministry of Public Education and Infosel.

5. our Conclusions where we summarize our take-away findings from our work - the positive points for Mexico and potential pitfalls, as well as our concluding remarks;

6. The E-commerce section, where we analyze the factors at play in successfully bringing e-commerce into mexico ; and

7. a Resources section where we suggest useful links which we have discovered in the course of our work, provide a forum for posting feedback, and supply a contact for website details. The Team:

Will Budreau — Stanford University — Symbolic Systems Department — Undergraduate Lisa Marino — Stanford University — Latin American Studies Department — Post Graduate Simon Morris — Stanford University — Graduate School of Business — MBA Student Bernardo Naranjo — Stanford University — School of Education — Post Graduate

Last revised 12/06/99 contact webmaster

http://www.stanford.edu/~binain/mexico/overview.html (2 of 2) [12/13/1999 4:36:20 PM] GENERAL INFORMATION: GENERAL INFORMATION

Official Name: Estados Unidos Mexicanos Territory: 1’972,547 square kilometers Population: 93.7 millon (1995, see table for state by state population) Capital: Currency: Mexican Peso (US$1 = MX$9.75 in October 1999) GNP: US$414,986.4 million dollars. GNP per capita: US$4,400 Political organization, History and Festivities

Political Organization: ● Government ● Parties The government is divided into executive, legislative and judicial branches. The executive branch is headed by a President democratically elected every six years without the possibility of reelection. The legislative branch is divided into a Camara de Diputados (with 500 representatives, 300 of them directly elected, while 200 are assigned to each political party according to the number of votes obtained) and the Camara de Senadores (with 128 senators, 4 for each one of the 31 states and 4 for the Federal District). Please visit www.camaradediputados.gob.mx and www.senado.gob.mx for more information. Judicial system has been recently restructured to ensure the autonomy of its members (www.scjn.gob.mx/default.asp). There are multiple political parties covering all the political spectrum. The governing party (Partido Revolucionario Institucional, PRI) has not lost any presidential election since its creation in 1929 (www.pri.org.mx). The Partido Acción Nacional (born in 1939) has been identified with the right wing: it won its first state election until this decade (www.pan.org.mx). Currently, the PAN controls important states such as and Nuevo León. The Partido de la Revolución Democrática is a coalition of left wing organizations originated after the presidential election of 1988 (www.cen-prd.org.mx). The "moral" leader of the party was elected mayor of Mexico City in 1997 and the PRD also controls states like and . Other minor political parties include the Partido Verde Ecologista de México, the

http://www.stanford.edu/~binain/mexico/general.html (1 of 2) [12/13/1999 4:36:51 PM] GENERAL INFORMATION: Partido del Trabajo, The Partido Auténtico de la Revolución Mexicana and some other newer organizations.

History:

José Clemente Orozco: "La Reforma" A good overview of Mexican history in English is provided in the webpage of the Office of the President of Mexico.

The most important civic festivities are: ● September 16th (Independence Day) ● 20th (Revolution Day) ● May 5th (Battle vs France), ● March 21st (Benito Juárez’s anniversary) The most representative religious festivities are: ● December 25th () ● December 12th (Nuestra Señora de Guadalupe’s day) ● November 2nd (Día de los Muertos) ● Semana Santa (March - April) Back to the Overview

http://www.stanford.edu/~binain/mexico/general.html (2 of 2) [12/13/1999 4:36:51 PM] Population per Gender and State Population per Gender and State

Baja Baja Distrito Estado de Nuevo Quintana San Luis NATIONAL California Jalisco Michoacán Querétaro Tlaxcala Yucatán Zacatecas California Federal México León Roo Potosí Sur Total 95,675,535 937,445 2,285,834 412,169 686,790 2,232,818 500,883 3,797,565 2,960,367 8,572,535 1,463,657 4,563,067 3,044,792 2,206,918 6,270,358 12,754,305 3,943,626 1,554,486 935,928 3,742,950 3,372,993 4,810,592 1,348,633 802,517 2,277,137 2,519,318 2,190,297 1,868,413 2,613,319 1,013,863 6,955,559 1,653,785 1,382,616 Population

Male 46,698,045 457,127 1,152,291 209,829 346,646 1,099,925 247,040 1,894,494 1,470,770 4,144,613 716,453 2,181,928 1,482,698 1,073,115 3,035,918 6,211,649 1,830,632 747,076 465,987 1,876,372 1,653,973 2,348,489 650,889 411,213 1,078,756 1,250,905 1,090,598 931,037 1,285,714 501,140 3,371,466 812,014 667,288 Female 48,977,490 480,318 1,133,543 202,340 340,144 1,132,893 253,843 1,903,071 1,489,597 4,427,922 747,204 2,381,139 1,562,094 1,133,803 3,234,440 6,542,656 2,112,994 807,410 469,941 1,866,578 1,719,020 2,462,103 697,744 391,304 1,198,381 1,268,413 1,099,699 937,376 1,327,605 512,723 3,584,093 841,771 715,328

http://www.stanford.edu/~binain/mexico/popxedgn.html [12/13/1999 4:36:55 PM] Introduction: The Information Revolution the US leads the way

Drivers of the Internet demonstrated in the US Latin America has these drivers position The six "C"s of the internet revolution Which of the six "C"s has Latin America achieved The Information Revolution has its deepest roots in the development of the first computers as long ago as the 1940s. However, the recent explosion onto the scene of the internet, the "hyper-growth" of the internet user base, the enormous impact the internet is having on existing companies and organizations, as well as the incredibly prolific genesis of new internet companies and organizations — all this is leaving observers breathless and often quite confused. The assertion that the internet will change everything is increasingly a bland truism — what is far more interesting becomes the questions about "how is the internet changing things?", "by how much?", and "how fast?". The emergence of the internet in the US has involved the convergence of a large number of different drivers or enablers. These can be summarized in at least six sections:

● the development of new technologies

The emergence of the necessary hardware included low cost high power personal computers, as well as network technology (routers, high-speed modems, fiber-optics). Key software innovations included the emergence of browser technology (a graphical user interface to the internet), the use of Hyper Text Markup Language (HTML) to describe the appearance of content online, and the development "object orientation" including the emergence of Java as a language to operate independent of the operating system, and without the need for an overarching grand application to be running. These hardware and software technologies have made possible the development of the internet into a self-sustaining entity.

● the emergence of technical standards

Widely accepted technical standards emerged included HTTP for communications, HTML (and more recently XML) for labeling content online in a way that can be understood consistently from anywhere in the world. The existence of these standards has laid the foundations for the single unified global medium that the internet strives to offer.

● the development of new business models

The internet has been characterized by the appropriation of various offline business models into an online analog (for example the common subscription fee-for-service offered by many ISPs, similar to the cable TV model), as well as the emergence of completely new business models (e.g. where an online intermediary makes a dynamic market for goods that are otherwise difficult to buy or sell economically, taking a cut of the proceeds — this example is essentially the eBay model).

http://www.stanford.edu/~binain/mexico/intro.html (1 of 5) [12/13/1999 4:36:59 PM] Introduction:

● explosive growth in user demand

The pattern of usage has moved from an early low-level government (specifically defense) focus for (what would become) the internet; moving quickly into the educational sphere, with rapid adoption by US and foreign university students and faculty. In the mid 1990s, the value this powerful low-cost global communications medium was largely opened up by a combination of the availability of a much simpler graphical browser (Mosaic, and soon Netscape Navigator) and the very aggressive marketing performed by early ISPs (in particular AOLs campaign to "carpet bomb the United States with free CDs containing introductory offers for its services). The explosive nature of the growth in users (like the phone — the more people who have a phone, the more pressure there is on the laggards to get hooked up) is both a result of other drivers, but also a driver itself of future investment and growth in new internet technologies and services.

● access to financial capital and start-up expertise

The intense internet activity and tremendous success of areas such as Silicon Valley (along with other clones like Silicon Alley in New York, and Silicon Barrio in Miami) have created both huge concentrations of capital (increasingly supplied to VCs through major US institutional investors) as well as centers of excellence in the development and implementation of commercial internet ideas. The equity boom that has resulted is fuelling a virtuous circle where more and more talent and capital get attracted to these areas, resulting in the development and implementation of new ideas at an incredibly rapid rate, and the shrinking of timescales where what used to take years now takes months, and sometimes only weeks.

● the establishment of a critical mass of physical infrastructure

The success of major start-up infrastructure players (such as Cisco) and the subsequent embracing of internet infrastructure by almost every major telecommunications and enabling hardware provider has powered the development of internet infrastructure in the US at lightening speed. The point for Latin America is that many of these drivers are now aligned for the region:

● the development of new technologies

These are all now available (although the price may be a barrier).

● the emergence of technical standards

The critical standards are in place.

http://www.stanford.edu/~binain/mexico/intro.html (2 of 5) [12/13/1999 4:36:59 PM] Introduction: ● the development of new business models

The major new business models have been devised, tried and tested.

● explosive growth in user demand

Demand for the internet in Latin America is high (at least in affluent social elites).

● access to financial capital and start-up expertise

This is potentially a constraint in Latin America, although the signs are increasingly that the talent based mainly in the US, and (in particular) the capital, will ultimately look for opportunities for maximum impact. With the rapid saturation of the market in the US, investors and entrepreneurs are starting to look further afield.

● the establishment of a critical mass of physical infrastructure

This is the chief constraint in Latin America. The lack of installed infrastructure both retard the development of internet usage across the whole region, but also will likely shape the way in which users interact differently to the observed experience so far in the US. The development of the internet as a commercial medium will likely follow a broad pattern first seen in the US — the 6 C’s of the internet revolution:

1. Computers

In this wave the computing infrastructure is developed, including the technology, the basic technical standards and the rollout of the core base of infrastructure (including the network itself, servers and routers, and the end-user devices). Although the technology is in constant rapid development and upgrade, this arrival of the computers wave helps to bridge the chasm of simple technophobia and ignorance in large parts of the population.

2. Connection

This is where access to the network infrastructure becomes either affordable or economically viable for end users. For the first time the connection to the internet comes economically within the reach of large numbers of users. This is predicated on the passing of the first wave, but accelerated by the deployment of new business models backed up with financial venture investment.

http://www.stanford.edu/~binain/mexico/intro.html (3 of 5) [12/13/1999 4:36:59 PM] Introduction: 3. Content and content enablement

This wave sees the rapid development of large amounts of digitalized content. This is initially provided by public institutions, companies as well as private individuals. The "enablement" of this content includes the organization of online content through online services such as search engines, directories, and later portals and destination sites.

4. Commerce

This is where companies begin to transact over the internet — the internet becomes a new customer channel for them to sell goods and services to their customers. This also leads to the development of the first back-end transaction completion and fulfilment capabilities.

5. Community and intermediation

In the fifth wave, users and internet companies and organizations have fully grasped the real-time two-way nature of communications over the internet — that is they start to fully exploit its potential for fully interactive services. While this wave happens much earlier for consumers than it does (e.g.) for businesses, the basic concepts are the same. The upshot is the establishment of online intermediaries to mediate and manage complex interactions and transactions.

6. Consolidation

This is the point at which major internet companies start to consolidate into multifaceted media and technology empires. This has already started happening in some parts of the US internet (the emergence of CMGI and Yahoo/GeoCities/Broadcast.com groups are two examples). These waves are depicted in the this diagram

Where does Latin America now stand in terms of these six steps?

Latin America is experiencing the connection wave now, and the user population is growing very rapidly Estimates as to the current and projected size of the online user population in Latin America vary significantly. These variations occur as a result of inconsistent estimation methodologies as well as great uncertainty over how fast Latin Americans will embrace the internet. However, as the diagram below outlines, a variety of estimates seem to indicate that the regional user base will probably break through the 20 million mark sometime in 2002, and that overall growth for the next half decade is likely to be somewhere between 25% and 35% every year. The fastest growing user group is business users — evidence that Latin American businesses may

http://www.stanford.edu/~binain/mexico/intro.html (4 of 5) [12/13/1999 4:36:59 PM] Introduction: be embracing the internet much sooner than US businesses did New Latin American company websites are growing at an incredible rate of over 60% each year (see graph). This fact, along with statistics demonstrating that Latin American business users are the fastest growing user segment indicate that Latin American business people have a basic understanding and acceptance of the internet phenomenon — most likely as a result of experience and reports from elsewhere in the world. The commercial side of the Latin American internet is rapidly taking off The growth in e-commerce in the region, combined with a rapidly growing internet advertising market indicate the speed at which the commercial side of the internet is being exploited in the region. This is further demonstrated by the first two (phenomenally successful) Initial Public Offerings (IPOs) of stock from internet companies exclusively focused on Latin America — Starmedia (www.starmedia.com) went public in May 1999, followed by Terra Networks (www.terra.com) in November 1999. Both offer major portal sites for Latin American consumers with business models combining a customer appeal based on content and community with revenue from commerce and online advertising. Back to the Overview

http://www.stanford.edu/~binain/mexico/intro.html (5 of 5) [12/13/1999 4:36:59 PM] http://www.stanford.edu/~binain/mexico/img/waves.gif

http://www.stanford.edu/~binain/mexico/img/waves.gif [12/13/1999 4:37:05 PM] INFRASTRUCTURE FOR COMMUNICATIONS: INFRASTRUCTURE FOR COMMUNICATIONS

● Roads ● Telephone lines ● Internet users

The country has a network of 96,360 kilometers of paved roads running all over the country (find a road network map in the Secretaría de Comunicaciones y Transportes website).

There are about 10.4 million telephone lines (compared to 5.3 millions in 1990). The number of cities, towns and communities served reached 31,695 in 1997 (compared to 7,270 in 1990). On average, in August 1999 there were 107 lines per thousand habitants. It is important to notice that over 98 per cent of the phone lines operate already with digital technology. (www.cofetel.gob.mx/html/5_est/celulares/usumincel.html)

In 1998 there were an estimate 1.3 million internet users (see growth table). The internet infrastructure include two international connections. (see map at -www.cofetel.gob.mx/html/5_est/Graf_internet/rtnbackbone.htm) Back to the Overview

http://www.stanford.edu/~binain/mexico/communication.html [12/13/1999 4:37:44 PM] Internet Users per Sector Internet Users per Sector

1995 1996 1997 1998 Home 10 29 141 298 Government 3 5 14 31 Education 33 69 142 238 Business 48 84 299 740 Total 94 187 596 1307 Annual growth n.a. 98.9% 218.7% 119.3%

Source: Comisión Federal de Telecomunicaciones

http://www.stanford.edu/~binain/mexico/intusers.html [12/13/1999 4:37:47 PM] LABOR MARKETS LABOR MARKETS

Diego Rivera: "Investigadores" Main building of the Secretaría de Educación Pública Let us consider four indicators to understand the structure of the labor markets in Mexico. The first three indicators, along with some of the information present in the education section, are suggested in the Key Indicators of the Labor Market proposed by the International Labour Organization (ILO):

● Labor force in Mexico is changing rapidly and the schooling level of the population with economic activity is growing. Over 26 million people in Mexico have at least the basic education (9 years of schooling). Also please refer to the education section of this webpage. ● Salaries in Mexico are very sensitive in terms of specialization and level of skills; in general, variations are higher than in developed countries. Average wages per industry, level (blue collar, white collar and executies) and other labor costs such as benefits are included in this section. ● Another important variable for salaries and labor skills are specific location of firms. There are different amounts of people with different level of skills and average salaries in every level of skills and average salaries in every state. ● Cheaper labor does not mean lower productivity. The overall productivity of Mexico is higher than major manufacturers.

Population with economic activity per schooling level The level of education of people shows an important growth in Mexico. If we analyze the age structure of the population and their schooling levels, it is clear that younger generations have much higher expectancy of schooling (see the educational profile). It is remarkable that between 1991 and 1997, there was a very important increase (5.5 million people more) in the number of people with at least basic education (K-9) to reach 26.2 millions. Additionally, the number of people with college increased 50 per cent in that period to reach 4.5 millions in 1997 and the semi professional people just doubled. These are good news from the standpoint of the "trainability" of the labor force –that increases as level of schooling does- and from the perspective of potential audiences for the Internet. See this growth in the table provided.

http://www.stanford.edu/~binain/mexico/labor.html (1 of 3) [12/13/1999 4:38:02 PM] LABOR MARKETS

Average wages per industry and other labor costs (benefits) At the low end of the labor market, salaries differ in a very important way depending on the kind of industry and the region. Salaries in the manufacturing industry are on average twice as much as those in commercial activities and 150 per cent above those in the construction (see table). Salaries are also very sentsitive regarding the level of skill of the people. An example of these variations is the following table of average hourly wages (in US dollars) for industrial parks in the central state of Guanajuato, considering days with 8 working hours and including taxes and fringe benefits:

Unskilled labor from $3.72 to $7.44 Semiskilled labor from $5.58 to $10 23 Skilled labor from $7.44 to $13.02

Among white collar workers and executives in the same state, average monthly salaries in US dollars, not including fringe benefits, are:

Bilingual Secretary $242.00 to $381.00 Accountant $288.00 to $558.00 Production Technician $390.00 to $707.00 Production Engineer $827.00 to $1,302.00 Production Manager $1,162.00 to $2,046.00 Plant Manager $3,255.00 to $4,837.00

A good overview of this issue can be consulted in the appropriate section of the webpage of the government of the state of Guanajuato (look for the english version of the page and then go to "investing in Guanajuato"). Some rules concerning benefits are: ● Overtime is paid as follows: 1 to 9 hours, twice the hourly wage rate, 10 hours or more, triple the hourly wage rate. ● Vacations: after one year, workers are entitled to six days of paid vacation, with an increase of two to twelve days for each additional year of work. After the fourth year this increases by two days for each five years worked. Workers are paid an additional 25% of normal daily wages as a vacation premium. ● Worker's income is based on agreements regulated by the Federal Labor Law. Wages are reviewed every year. ● Severance compensation is: 3 monthly wages plus 20 days per year of work with the company. ● Mandatory social (fringe) benefits include contribution to IMSS, INFONAVIT, SAR, as well as vacations premiums (paid vacations plus 25% daily wage per vacation day) and Christmas bonuses ("aguinaldo", a mandatory payment of 15 days wages and up to 30 discretional). On average, the cost of these benefits accounts for 29% to 34% of salaries paid. (Source: State of Guanajuato webpage)

http://www.stanford.edu/~binain/mexico/labor.html (2 of 3) [12/13/1999 4:38:02 PM] LABOR MARKETS For an example of additional benefits paid (taking Guadalajara city as example) see the poll made by the state government of Jalisco

Population with economic activity and average wages per state Of course the amount of trained people and salaries vary depending on the specific state the business is located. For example, salaries in Mexico City (Distrito Federal, where the average salary is $152 pesos a day) are, on average, 42 per cent higher than the national average ($107 pesos a day). On the other hand, salaries in states such as Guanajuato, Sinaloa and Yucatán (all of them below $80 pesos a day) are 30 per cent lower than the national average. In this table you will find the population by gender, economically active and non active, as well as the average salaries per state (in pesos and dollars) and an index to compare them. Information regarding the specific availability of technicians and professionals in information technology related fields can be found in the tables for graduates in computer related fields from technical schools, junior colleges and colleges provided in the education section.

Overall productivity According to information provided by the state government of Jalisco, the productivity in Mexico (measured by the number of workers to obtain the same output) is higher than the one observed in Brazil and South Korea, but below Taiwan’s. http://www.jalisco.gob.mx/srias/seproe/mexico/general/p_product.html

Back to the Overview

http://www.stanford.edu/~binain/mexico/labor.html (3 of 3) [12/13/1999 4:38:02 PM] MEXICO PEA* and Workforce per Schooling Level 91-97

Formal Education 1991 1993 1995 1996 1997

PEA POP. Over 12 PEA POP. Over 12 PEA POP. Over 12 PEA POP. Over 12 PEA POP. Over 12

TOTAL 31,229,048 58,317,249 33,651,812 61,000,194 35,558,484 63,982,096 36,580,746 66,037,955 38,344,658 67,702,002

Without instruction 3,614,390 7,634,058 3,873,023 8,069,285 3,849,508 7,787,087 3,339,739 7,012,862 3,466,680 6,961,851 1-3 Years of school 4,902,880 8,951,595 4,916,624 8,956,471 4,607,754 8,400,600 4,597,457 8,337,776 4,783,526 8,462,357 4-5 Years of School 2,479,274 5,605,807 2,721,421 6,014,661 2,817,034 6,023,993 2,573,352 5,712,250 2,552,581 5,755,327 6 Years of school 6,619,375 12,636,771 7,398,347 13,469,979 7,602,526 13,891,625 7,907,745 14,617,223 7,953,701 14,631,529 7-8 Years of school 1,721,643 4,724,948 2,031,114 4,993,822 2,026,724 5,330,968 1,983,905 5,316,216 2,252,990 5,649,131 9 Years of school (Basic 4,008,293 6,634,824 4,276,816 6,735,449 5,206,758 8,231,607 5,591,682 9,026,599 6,107,276 9,386,232 Ed) Specific training 2,483,659 3,942,147 2,619,476 4,024,596 2,690,923 4,236,402 2,621,570 4,214,527 2,907,585 4,422,591 High school 2,082,187 3,663,729 2,228,017 3,903,309 2,649,229 4,615,856 3,067,242 5,307,724 3,206,658 5,614,248 Semi professional 278,918 373,184 346,514 457,465 530,598 692,898 492,040 680,163 554,346 771,732 Higher education 3,035,315 4,138,265 3,230,748 4,354,532 3,566,818 4,738,378 4,401,521 5,804,578 4,549,128 6,031,158 Not specified 3,114 11,921 9,712 20,625 10,612 32,682 4,493 8,037 10,187 15,846

Basic education or 11,888,372 18,752,149 12,701,571 19,475,351 14,644,326 22,515,141 16,174,055 25,033,591 17,324,993 26,225,961 more

PEA: Population with Economic Activity

* Legal working age in Mexico is 16 years.

Source: Secretaría del Trabajo y Previsión Social

http://www.stanford.edu/~binain/mexico/peaschl.html [12/13/1999 4:38:09 PM] MEXICO MEXICO Average Wages per Industry 1994 - 1999

YEAR MINIMUM DAILY WAGE MANUFACTURING INDUSTRY MAQUILADORAS CONSTRUCTION COMMERCIAL 1994 13.97 101.01 54.14 42.07 54.33 1995 16.42 118.85 68.40 50.14 63.35 1996 20.39 144.14 86.97 54.12 77.31 1997 24.30 173.22 106.17 63.18 94.95 1998 28.30 205.11 127.92 74.63 111.52 1999 31.91 230.01 148.97 85.64 126.16

Source: Secretaría del Trabajo y Previsión Social

http://www.stanford.edu/~binain/mexico/avgwagtb.html [12/13/1999 4:38:16 PM] PEA and Average Wages per State PEA* and Average Wages per State 1999

Baja Estado Baja Distrito Nuevo Quintana San Luis NATIONAL Aguascalientes California Campeche Coahuila Colima Chiapas Chihuahua Durango Guanajuato Guerrero Hidalgo Jalisco de Michoacán Morelos Nayarit Oaxaca Puebla Querétaro Sinaloa Sonora Tabasco Tamaulipas Tlaxcala Veracruz Yucatán Zacatecas California Federal León Roo Potosí Sur México Average daily wage 100.00 81.86 100.22 95.47 99.04 85.85 84.24 71.08 87.82 142.21 63.59 73.33 79.30 80.83 90.71 107.10 80.92 94.71 68.52 106.17 73.29 88.79 104.50 82.51 84.44 73.87 80.57 82.65 93.70 81.76 84.63 70.31 63.96 index (Nat'l = 100) Average daily wage 10.98 8.99 11.01 10.49 10.88 9.43 9.25 7.81 9.65 15.62 6.99 8.06 8.71 8.88 9.96 11.76 8.89 10.40 7.53 11.66 8.05 9.75 11.48 9.06 9.28 8.11 8.85 9.08 10.29 8.98 9.30 7.72 7.03 (dollars) (1 x 9.75) Average daily wage 107.10 87.67 107.34 102.25 106.07 91.95 90.22 76.13 94.06 152.31 68.11 78.54 84.93 86.57 97.15 114.70 86.67 101.43 73.38 113.71 78.49 95.09 111.92 88.37 90.44 79.12 86.29 88.52 100.35 87.57 90.64 75.30 68.50 (pesos) PEA Male 26,176,026 235,653 642,722 120,556 186,445 621,160 139,460 1,092,759 806,655 2,395,552 394,804 1,143,873 818,225 603,848 1,791,381 3,458,841 992,311 425,609 271,217 1,104,424 902,449 1,243,263 334,290 234,813 552,656 706,081 631,712 539,366 730,515 274,806 1,979,176 455,668 345,736 PEA Female 13,331,037 119,357 325,931 57,827 71,962 329,540 77,376 455,500 363,163 1,454,091 177,284 555,773 429,166 325,988 1,030,541 1,817,488 521,428 233,063 145,154 545,225 445,825 601,250 165,645 93,350 251,517 368,065 341,325 194,093 385,660 130,202 899,956 243,358 174,934 Population economically 39,507,063 355,010 968,653 178,383 258,407 950,700 216,836 1,548,259 1,169,818 3,849,643 572,088 1,699,646 1,247,391 929,836 2,821,922 5,276,329 1,513,739 658,672 416,371 1,649,649 1,348,274 1,844,513 499,935 328,163 804,173 1,074,146 973,037 733,459 1,116,175 405,008 2,879,132 699,026 520,670 active (PEA) Population economically 29,870,996 305,553 695,936 127,736 227,139 676,205 149,492 958,817 983,112 2,884,582 463,002 1,524,096 843,041 630,179 1,754,078 4,043,282 1,266,482 502,720 260,035 1,209,117 1,028,547 1,578,150 445,718 239,499 800,141 766,211 658,705 596,435 819,781 328,160 2,132,183 518,357 454,505 inactive Population 12 years old 69,378,059 660,563 1,664,589 306,119 485,546 1,626,905 366,328 2,507,076 2,152,930 6,734,225 1,035,090 3,223,742 2,090,432 1,560,015 4,576,000 9,319,611 2,780,221 1,161,392 676,406 2,858,766 2,376,821 3,422,663 945,653 567,662 1,604,314 1,840,357 1,631,742 1,329,894 1,935,956 733,168 5,011,315 1,217,383 975,175 and over

PEA: Population with economic activity Source: Secretaría de Trabajo y Previsión Social

http://www.stanford.edu/~binain/mexico/wagedotb.html [12/13/1999 4:38:23 PM] EDUCATION EDUCATION

Diego Rivera: "Construcción de un Nuevo Mundo: la Maestra" Main building of the Secretaría de Educación Pública ● Literacy ● Average years of schooling ● Information technology in the educational sector ❍ Basic computer literacy ❍ Adult training ❍ Technical training (graduates per state per school) ❍ Higher education (graduates junior college or college per state per school)

Trends in Mexican education are stimulating. Educational policies in the last 20 years have focused in the proliferation of schools, and that is now reflected in the literacy rates and average schooling of younger population. In order to asess what are the opportunities for information technology in the next years, we need to focus in the potential users of that information (or potential markets in case of ebusiness), and in the skills of the labor force that will be supporting and making those projects real. In this section we include literacy rates, schooling levels and complete information of the ways each educational level is dealing with the challenge, including the number of graduates per level per state (see the appropriate link in each level).

New generations have higher literacy rates. Literacy reaches 90.3 of population over 15 years old. However, the literacy rate in the generation of people below 30 years old is around 96 per cent, while the population 65 years old and over has a literacy rate of 64 per cent.

The average years of schooling was 7.2 in 1998. However, according to the Secretaría de Educación Pública, the generation of kids who are now 5 years old will have an average schooling of 13 years. Of course previous generations have much lower schooling average and the overall average will not reach that number in the next years, but the point is that younger generations are increasing dramatically their schooling levels. If we consider that people who use the internet have at least basic education both to use it and to become a potential consumer, the growth of this potential market in Mexico is impressive. In 1997, 26’225,961 Mexicans had

http://www.stanford.edu/~binain/mexico/education.html (1 of 4) [12/13/1999 4:38:38 PM] EDUCATION completed their basic education, and 1.3 million students are doing it every year. For further information on general education visit the statistical section of the Ministry of Public Education’s webpage

The information technology in the educational sector The efforts to leap-frog the gap in information technology are recent in Mexico. In higher levels of education, there was a relatively quick response and many public and private colleges and universities have an important number of information technology programs all over the country. At the basic education level, however, currently a vast majority of public schools do not have computer labs for students and teachers lack of appropriate training in computer-related matters. Here we present some of the educational possibilities for human resource training at different levels. Basic computer literacy Adult training Technical training Higher education Basic computer literacy Two important efforts have been developed to increase the literacy in computer-related areas in the population. The first one is directed to teachers of basic education schools. The Secretaría de Educación Pública has created over 300 "centros de maestros" (centers for teachers) in all states where they have access to all sort of resources to prepare classes, specialize and, of course, have access to computers. According to some officials in SEP, most centers will soon have at least one computer connected to Internet for the use of the teachers. For more information, go to www.sep.gob.mx/centros_para_maestros.html. A second effort goes directly to students. The Instituto Latinoamericano de Comunicación Educativa (ILCE) –with the financial support of SEP- has installed over 30,000 receiver sets (TVs plus antenna) in all public junior high schools of the country and in different strategic places -Centros de Maestros included- and broadcasts a number of educational programs through satellite. Every weekday at 7am there is a half-an-hour program designed by SEP to provide the elements of computer use to all students. The program, SEPa Informática, includes information on the use of basic software applications as well as internet. Some other programs are broadcasted at differents times of the day with more specific programs, such as Excel or Word. All this programs are also broadcasted through a Televisa channel with more limited, but still important coverage nationwide. You can visit imagina.ilce.edu.mx. The ILCE is also performing a pilot program in primary and junior high schools to provide computers, a telephone line and Internet access for stidents. In each school, two teachers are trained to become tutors for the rest of teachers and of course for the students. According to the ILCE, the project will reach 500 schools by the end of 1999. The whole description of the project is in redescolar.ilce.edu.mx.

Adult training The Ministry of Public Education has 198 schools all over the country intended to provide short term training programs, almost all of them offering training in computer operation. This programs do not require but basic literacy skills to be admitted and courses can be given to specific groups under request. The location and specific programs in every Centro de Capacitación Tecnológica Industrial (Cecati, as they are called) can be found at www.sep.gob.mx/ubicaci_n_de_los_planteles.html

http://www.stanford.edu/~binain/mexico/education.html (2 of 4) [12/13/1999 4:38:38 PM] EDUCATION

Technical training Technical training is provided in several high schools, where in addition to a diploma to pursue higher education, students can obtain a diploma certifying a strong emphasis in a specific area as well. 2.84 million students are enrolled in high schools in Mexico, and 42 per cent of them are in this "double track" system. Different institutions offer this kind of diplomas (graduates are calles "profesionales técnicos"). The older institution is the Dirección General de Educación Tecnológica Industrial (DGETI) that operates 428 schools. Most of them have programs related to information technology. Additionally, most states have systems similar to DGETI’s, called Centros de Estudios Científicos y Tecnológicos (CECyT). There are 234 of these schools. Another system that has an orientation to technical education is the Colegio Nacional de Educación Profesional Técnica (Conalep). A centralized institution until 1998, the 439 schools of this system –with 242 thousand students- now operate under every state’s authority. Like in the case of DGETI, most schools have information technology oriented programs. The certified graduates of technical programs in every state can be found in this table. It is important to notice that the information concerning exclusively information technology related programs is not available, so these numbers include the schools with programs in most areas, except for teacher training, health and other areas that clearly do not meet the characteristics we are looking for. You can also browse for specific schools.

Higher education Today, about 1.9 million students are enrolled in colleges all over the country, and this number is growing at a rate of 7 per cent a year. Out of them, 488.6 thousand are enrolled in technology-related programs: this number represents 45 per cent more than those enrolled 10 years ago (see growth graph). It is important to point out that only a fraction of these students are specializing in computer related areas. There are different kinds of schools, public and private, and we provide information about some of them. Here you can find information on junior colleges (2 year programs), institutos tecnológicos, public universities, private institutions and graduates per state per school from those with four year programs (for graduates of junior colleges see the corresponding table). The growth in the number of graduates from technology related programs in four years colleges is impressive: in the last decade there have been more graduates in these areas (189,070) than in the previous 45 years (182,743). An important note is that these numbers are clearly underestimated since they report only "certified" engineers. The certification is a requirement of the government to enforce laws for professional activity in areas such as medicine, law, accountability or civil engineering. Other graduates can have a professional activity –electrical or mechanical engineers, designers or sociologists, for example- without been officially certified (in this cases, the diploma from the university is enough). Please browse for specific states and schools. The universidades tecnológicas are junior colleges –two year college programs- created in 1992 and that have shown an important groth in these years. Their programs are closely linked to local economic activities, and the number of graduates in each one of them can be seen in this table, along with those from similar programs in other institutions. Browse for specific states and schools in their webpage.

The institutos tecnológicos are public technological schools with BA (licenciatura), BS (ingeniería) degrees in

http://www.stanford.edu/~binain/mexico/education.html (3 of 4) [12/13/1999 4:38:38 PM] EDUCATION areas related to the industry, as well as specialities, masters and doctoral degrees. Most schools have programs on computer science (look for "ISC" initials in the list of schools), information technology (look for "LI") Information concerning the degrees, programs and location of 79 of these schools all over the country can be found at www.sep.gob.mx/dgit/index.html. In addition to these schools, states are responsible for 62 public technological schools also calles Institutos Tecnológicos that also have academic programs related to IT areas. All public universities (at least one in every state) have programs related to information technology. A complete list of these institutions (usually called "Universidades Autónomas", except for the Universidad Autónoma de Guadalajara, that is private) can be found in www.sep.gob.mx/sector_eductvo.__nals._e_inter.html. A very important source of graduates are private institutions. One of them, the Instituto Tecnológico de Estudios Superiores de Monterrey (ITESM, but better known as the "Tec de Monterrey") has 27 campi in the country and provides undergraduate as well as graduate programs with a strong emphasis in technological areas (www.itesm.mx). Other important private institutions with this kind of programs are the Universidad Iberoamericana with 6 campi (www.uia.mx), the Universidad Autónoma de Guadalajara, the Instituto Tecnológico Autónomo de México and the Universidad La Salle, to name a very few of them. Find some others in every state at www.sep.gob.mx/sector_eductvo.__nals._e_inter.html. Back to the Overview

http://www.stanford.edu/~binain/mexico/education.html (4 of 4) [12/13/1999 4:38:38 PM] TECHNICAL SECONDARY EDUCATION GRADUATES TECHNICAL SECONDARY EDUCATION GRADUATES

1945-1989 1990-1998 TOTAL NATIONAL 143,766 309,318 453,084 Aguascalientes Campeche Coahuila Colima Chiapas Chihuahua Distrito Federal Durango Guanajuato Guerrero Hidalgo Jalisco Estado de México Michoacán Morelos Nayarit Nuevo León Oaxaca Puebla Querétaro San Luis Potosí Sinaloa Sonora Tabasco Tamaulipas Tlaxcala Veracruz Yucatán Zacatecas

AGUASCALIENTES INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO AUTONOMO DE CIENCIAS Y TECNOLOGIA 46 4 50 INSTITUTO TECNOLOGICO DE AGUASCALIENTES (I.T.R.) 24 20 44 C.B.T.A. NO. 61 (C.E.T.A. NO. 61) (CALVILLO) 44 6 50 ESCUELA PREPARATORIA NORMAL Y DE COMERCIO 108 8 116 UNIVERSIDAD AUTONOMA DE AGUASCALIENTES 691 597 1288 C.B.T.I.S. NO. 39 (C.E.C.Y.T. NO. 199) 4 129 133 C.B.T.A. NO. 30 (C.E.T.A. NO. 30) 24 11 35 C.B.T.A. NO. 40 (C.E.T.A. NO. 40) 4 1 5 C.E.T.I.S. NO. 80 0 5 5 C.B.T.A. NO. 103 (C.E.T.A. NO. 103) 0 5 5 C.B.T.I.S. NO. 195 0 124 124 C.E.T.I.S. NO. 155 0 40 40 C.B.T.I.S. NO. 168 0 228 228 COLEGIO TECNOLOGICO ALEXANDER HAMILTON, A.C. 0 6 6 TOTAL 945 1184 2129

BAJA CALIFORNIA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE BAJA CALIFORNIA 1214 1093 2307 CTRO. DE ENSEÑANZA TECNICA Y SUPERIOR DE MEXICALI 13 1 14 INSTITUTO TECNOLOGICO DE TIJUANA (I.T.R.) 17 5 22 CTRO. DE ESTUDIOS TECNICOS Y COMERCIALES INGLES 0 1 1 UNIVERSIDAD ESTATAL DE ESTUDIOS PEDAGOGICOS 191 29 220 C.B.T.I.S. NO. 21 (C.E.C.Y.T. NO. 82) 53 342 395 C.B.T.I.S. NO. 41 (C.E.C.Y.T. NO. 201) 140 219 359 C.B.T.I.S. NO. 116 (C.E.C.Y.T. NO. 406) 18 27 45 C.B.T.A. NO. 41 (C.E.T.A. NO. 41) 2 11 13 CTRO. DE ESTUDIOS UNIVERSITARIOS XOCHICALCO 1 29 30 INSTITUTO DE ENSENANZA TECNICA, A.C. 43 7 50 CTRO. DE CAPACITACION Y DE ESTUDIOS PEDAGOGICOS DEL ESTADO DE B.C. 0 14 14 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 11 ENSENADA B.C. 9 40 49

http://www.stanford.edu/~binain/mexico/edoteked.html (1 of 27) [12/13/1999 4:39:43 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 146 0 25 25 C.B.T.I.S. NO. 140 1 116 117 C.E.T.I.S. NO. 25 0 48 48 C.E.T.I.S. NO. 58 7 44 51 C.E.T.I.S. NO. 75 10 279 289 C.E.T.I.S. NO. 74 0 71 71 C.B.T.A. NO. 146 0 2 2 C.E.T.I.S. NO. 18 0 470 470 C.B.T.I.S. NO. 155 0 135 135 UNIVERSIDAD IBEROAMERICANA PLANTEL [NOROESTE] 0 21 21 C.E.T.I.S. NO. 156 0 28 28 C.B.T.I.S. NO. 237 0 26 26 TOTAL 1719 3083 4802

BAJA CALIFORNIA SUR INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE LA PAZ, B.C.S. (I.T.R.) 1 39 40 C.B.T.I.S. NO. 62 (C.E.C.Y.T. NO. 232) 108 421 529 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 30 SAN CARLOS B.C.S. 0 29 29 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 4 LA PAZ B.C.S. 3 27 30 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 21 GUERRERO NEGRO, B.C.S. 44 12 56 C.B.T.A. NO. 27 (C.E.T.A. NO. 27) V. INSURGENTES 1 1 2 C.B.T.I.S. NO. 69 0 52 52 C.E.T.I.S. NO. 81 0 97 97 C.B.T.I.S. NO. 230 0 87 87 ESCUELA SOR JUANA INES DE LA CRUZ B.C.S. 0 133 133 TOTAL 157 898 1055

CAMPECHE INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CAMPECHE 259 302 561 UNIVERSIDAD AUTONOMA DEL CARMEN 529 337 866 INSTITUTO CAMPECHANO 1516 415 1931 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 29 CD. DEL CARMEN CAMPECHE CAMP. 0 1 1 C.B.T.A. NO. 15 (C.E.T.A. NO. 15) 3 1 4 C.B.T.A. NO. 62 (C.E.T.A. NO. 62) 0 1 1 C.E.T.I.S. NO. 20 1 40 41 C.B.T.I.S. NO. 9 (C.E.C.Y.T. NO. 22 AHORA NO. 9) 8 203 211 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 2 CAMPECHE CAMP. 26 50 76 C.E.T.I.S. NO. 82 0 9 9 C.B.T.I.S. NO. 126 1 26 27 C.B.T.A. NO. 169 0 1 1 INSTITUTO COMERCIAL BANCARIO APOLINAR, A. C. 0 60 60 TOTAL 2343 1446 3789

COAHUILA INSTITUTION 1945-1989 1990-98 TOTAL

http://www.stanford.edu/~binain/mexico/edoteked.html (2 of 27) [12/13/1999 4:39:43 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

UNIVERSIDAD AUTONOMA DE COAHUILA 1902 163 2065 INSTITUTO TECNOLOGICO DE SALTILLO (I.T.R.) 22 81 103 INSTITUTO TECNOLOGICO DE LA LAGUNA, TORREON COAH. (I.T.R.) 7 9 16 CTRO. UNIVERSITARIO DEL NORTE (PIEDRAS NEGRAS) 334 149 483 COLEGIO ROBERTS 59 0 59 FACULTADES UNIVERSITARIAS DE SALTILLO, A.C. 88 0 88 C.E.T.I.S. NO. 46 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 46) [CD. FRONTERA, COAH.] 29 267 296 ESCUELA TECNICA INDUSTRIAL DE TORREON 2 1 3 C.B.T.A. NO. 21 (C.E.T.A. NO. 21) 4 0 4 C.B.T.A. NO. 22 (C.E.T.A. NO. 22) (CUATRO CIENEGAS) 5 2 7 C.B.T.I.S. NO. 36 (C.E.C.Y.T. NO. 179) 26 174 200 C.E.T.I.S. NO. 59 3 290 293 C.E.T.I.S. NO. 60 0 70 70 C.B.T.I.S. NO. 54 (C.E.C.Y.T. NO. 219) 12 119 131 C.E.T.I.S. NO. 83 0 26 26 C.B.T.I.S. NO. 34 (C.E.C.Y.T. NO. 173) 10 210 220 C.B.T.I.S. NO. 127 1 220 221 C.B.T.I.S. NO. 20 (C.E.C.Y.T. NO. 81 ) 31 62 93 C.B.T.I.S. NO. 97 5 342 347 I.T.A. NO. 10 2 3 5 C.E.T.I.S. NO. 24 8 691 699 C.B.T.I.S. NO. 196 0 729 729 C.E.T.I.S. NO. 48 0 103 103 C.B.T.A. NO. 1 (C.E.T.A. NO. 1) 26 23 49 C.B.T.I.S. NO. 156 0 43 43 CTRO. DE ESTUDIOS SUPERIORES DE SALTILLO 2 0 2 C.B.T.I.S. NO. 235 0 137 137 C.B.T.I.S. NO. 239 0 26 26 INSTITUTO COAHUILENSE SALTILLO, COAH. 0 1 1 INSTITUTO UNIVERSITARIO METROPOLITANO MONCLOVA COAHUILA 0 90 90 CTRO. PANAMERICANO DE ESTUDIOS PROFESIONALES JUSTO SIERRA 0 0 0 COLEGIO ANTON MAKARENKO DE LA LAGUNA, A.C. 0 7 7 TOTAL 2578 4038 6616

COLIMA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE COLIMA 1142 190 1332 INSTITUTO VASCO DE QUIROGA 194 111 305 C.B.T.I.S. NO. 19 (C.E.C.Y.T. NO. 80) 0 276 276 C.E.T.I.S. NO. 84 0 69 69 C.B.T.I.S. NO. 157 38 134 172 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 12 MANZANILLO COL. 3 37 40 C.B.T.A. NO. 148 1 2 3 C.E.T.I.S. NO. 157 0 25 25 INSTITUTO "LIC. BENITO JUAREZ" 0 2 2 TOTAL 1378 846 2224

http://www.stanford.edu/~binain/mexico/edoteked.html (3 of 27) [12/13/1999 4:39:43 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

CHIAPAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CHIAPAS 13 1 14 INSTITUTO DE CIENCIAS Y ARTES DE CHIAPAS 1827 602 2429 INSTITUTO CHIAPAS [TAPACHULA] 32 43 75 INSTITUTO TECNOLOGICO DE TUXTLA, GTZ. (I.T.R.) 0 36 36 DEPARTAMENTO TECNICO Y DE ACTUALIZACION PROFESIONAL 427 66 493 CTRO. DE ESTUDIOS SUPERIORES DE SAN CRISTOBAL 29 9 38 CTRO. ESCOLAR SUPERIOR JOSE MARIA MORELOS Y PAVON 33 4 37 INSTITUTO EDUCATIVO ROSARIO CASTELLANOS 122 162 284 COLEGIO MEXICO DE TUXTLA 4 196 200 C.B.T.I.S. NO. 28 0 2 2 C.B.T.A. NO. 43 (C.E.T.A. NO. 43) 4 5 9 C.B.T.A. NO. 44 (C.E.T.A. NO. 44) (YAJALON) 2 13 15 C.B.T.A. NO. 60 (C.E.T.A. NO. 60) 1 22 23 C.B.T.I.S. NO. 88 0 20 20 C.B.T.A. NO. 24 (C.E.T.A. NO. 24) 0 1 1 C.B.T.A. NO. 46 (C.E.T.A. NO. 46) DE (VENUSTIANO CARRANZA) 22 2 24 C.B.T.A. NO. 42 (C.E.T.A. NO. 42) 0 27 27 C.B.T.A. NO. 45 (C.E.T.A. NO. 45) 9 8 17 C.E.T.I.S. NO. 85 0 17 17 CTRO. DE ESTUDIOS 5 DE OCTUBRE 2 90 92 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO.24 DE PUERTO MADERO CHIAPAS 1 1 2 C.B.T.I.S. NO. 144 0 46 46 C.E.T.I.S. NO. 158 0 105 105 C.B.T.I.S. NO. 170 0 188 188 INSTITUTO JUSTO SIERRA 16 11 27 INSTITUTO DE ESTUDIOS SUPERIORES DE CHIAPAS 0 3 3 C.B.T.I.S. NO. 92 0 200 200 C.B.T.A. NO. 23 4 2 6 C.B.T.A. NO. 91 43 12 55 C.B.T.I.S. NO. 108 (C.E.C.Y.T. NO. 305) 3 95 98 INSTITUTO TECNOLOGICO DE TAPACHULA (I.T.R.) 1 1 2 C.E.T.I.S. NO. 138 0 89 89 C.B.T.I.S. NO. 169 0 14 14 C.E.T.I.S. NO. 136 0 2 2 C.E.T.I.S. NO. 137 0 29 29 C.B.T.I.S. NO. 114 0 1 1 C.B.T.I.S. NO. 233 0 87 87 INSTITUTO COMERCIAL LEUZAGUI 0 14 14 C.B.T.I.S. NO. 243 0 67 67 TOTAL 2595 2293 4888

CHIHUAHUA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CHIHUAHUA 1124 887 2011 ESCUELA SUPERIOR DE AGRICULTURA HERMANOS ESCOBAR 721 8 729 INSTITUTO TECNOLOGICO DE CHIHUAHUA (I.T.R.) 4 1 5

http://www.stanford.edu/~binain/mexico/edoteked.html (4 of 27) [12/13/1999 4:39:43 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

INSTITUTO TECNOLOGICO DE CD. JUAREZ (I.T.R.) 1 0 1 INSTITUTO TECNICO DE CONTABILIDAD MERCADOTECNIA Y ADMINISTRACION 5 1 6 UNIVERSIDAD AUTONOMA DE CIUDAD JUAREZ, CHIH. 238 409 647 COLEGIO PALMORE 4 0 4 ESCUELA DE TOPOGRAFIA Y DIBUJO 69 48 117 C.B.T.A. NO. 2 (C.E.T.A. NO. 2) 30 48 78 C.B.T.I.S. NO. 117 (C.E.C.Y.T. NO. 413) 6 80 86 C.B.T.A. NO. 90 (C.E.T.A. NO. 90) 25 6 31 INSTITUTO TECNOLOGICO DE PARRAL (I.T.R.) 15 47 62 C.B.T.I.S. NO. 143 3 63 66 C.B.T.I.S. NO. 114 0 178 178 C.B.T.I.S. NO. 122 0 482 482 C.B.T.I.S. NO. 128 0 5 5 C.B.T.I.S. NO. 138 0 71 71 C.E.T.I.S. NO. 61 0 184 184 C.E.T.I.S. NO. 86 0 168 168 C.E.T.I.S. NO. 87 0 263 263 C.E.T.I.S. NO. 159 SAN FRANCISCO DEL ORO 0 177 177 C.E.T.I.S. NO. 98 0 87 87 C.B.T.I.S. NO. 158 0 129 129 C.B.T.A. NO. 170 0 2 2 C.E.T.I.S. NO. 93 0 163 163 C.B.T.I.S. NO. 197 0 63 63 C.B.T.I.S. NO. 228 0 51 51 TOTAL 2245 3621 5866

DISTRITO FEDERAL* INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD NACIONAL AUTONOMA DE MEXICO 16335 6799 23134 INSTITUTO POLITECNICO NACIONAL 6535 5596 12131 UNIVERSIDAD FEMENINA DE MEXICO, S.C. 1118 204 1322 UNIVERSIDAD MOTOLINIA, A.C. 35 1 36 SECRETARIA DE LA DEFENSA NACIONAL ESCUELA MILITAR DE TRANSMISIONES 289 0 289 CTRO. NACIONAL DE ENSEÑANZA TECNICA INDUSTRIAL 459 6 465 ESCUELA MARGARITA DE ESCOCIA 91 2 93 INSTITUTO MIGUEL ANGEL 1348 2 1350 ESCUELA REINA MARIA 278 4 282 COLEGIO LATINOAMERICANO DE MEXICO 33 6 39 INSTITUTO JUAN ESCUTIA 2 2 4 COLEGIO LA FLORIDA 888 10 898 COLEGIO MAYORAZGO 673 3 676 ESCUELA IGNACIO M. ALTAMIRANO 9442 134 9576 INSTITUTO FEMENINO MEXICANO 557 1 558 ESCUELA NACIONAL DE MAESTROS DE CAPACITACION PARA EL TRABAJO INDUSTRIAL 3060 602 3662 ESCUELA MANUEL ACOSTA 5321 162 5483 INSTITUTO DE CAPACITACION PROFESIONAL JUSTO SIERRA 23 0 23

http://www.stanford.edu/~binain/mexico/edoteked.html (5 of 27) [12/13/1999 4:39:43 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

ESCUELA NACIONAL MIGUEL LERDO DE TEJADA 4 0 4 SECRETARIA DE COMUNICACIONES Y TRANSPORTES 24 21 45 ESCUELA DE AVIACION MEXICO 0 2 2 CTRO. DE ESTUDIOS TURISTICOS, A.C. 1 15 16 CTRO. SUPERIOR DE ESTUDIOS TURISTICOS 3 1 4 ESCUELA PANAMERICANA DE HOTELERIA, A.C. 69 313 382 CTRO. DE ESTUDIOS TECNOLOGICOS INTERNACIONAL DE TURISMO 30 114 144 CTRO. DE ESTUDIOS SOCIALES Y ECONOMICOS DE MEXICO 3 65 68

COLEGIO NACIONAL DE EDUCACION PROFESIONAL TECNICA* 13020 157766 170786 CTRO. ESCOLAR NEWTON 0 146 146 CTRO. DE ESTUDIOS TECNICOS EN HOTELERIA 0 22 22 INSTITUTO COMERCIAL MANUEL GUTIERREZ NAJERA 0 31 31 ESCUELA ESTEFANIA CASTAÑEDA 0 165 165 ESCUELA MILITAR DE AVIACION 112 54 166 UNIVERSIDAD INSURGENTES PLANTEL VIADUCTO 5 103 108 INSTITUTO XOCHICALCO 0 89 89 ESCUELA JOSE ROSAS MORENO 0 251 251 INSTITUTO DE COMPUTACION Y MECANIZACION DE MEXICO 0 54 54 INSTITUTO TECNOLOGICO ROOSEVELT 0 452 452 INSTITUTO DE ESTUDIOS SUPERIORES DE TURISMO 0 22 22 CTRO. ESCOLAR YAOCALLI 0 69 69 ESCUELA TECNICA RAFAEL DONDE DE MEXICO, D.F. 0 7 7 INSTITUTO ALBERTO SANTOS DUMONT 0 34 34 INSTITUTO MARILLAC 1410 442 1852 CENTRO DE ASESORIA PROFESIONAL INTENSIVA 0 6 6 COLEGIO MODERNO ALARID 0 2 2 INSTITUTO PANAMERICANO DE AERONAUTICA Y DESARROLLO 0 8 8 INSTITUTO MODERNO DE ESTUDIOS CONTABLES Y COMERCIALES 0 15 15 S.C.Y.T. CENTRO INTERNACIONAL DE ADIESTRAMIENTO DE AVIACION CIVIL 349 5 354 ESCUELA TECNICA DE TURISMO 1 0 1 COLEGIO FRANCO AMERICANO 0 6 6 UNIVERSIDAD PANAMERICANA 14 6 20 C.E.T.I.S. NO. 152 0 2 2 CTRO. DE ESTUDIOS TECNOLOGICOS Y COMERCIALES LATINOAMERICANO DE MEXICO 15 99 114 CTRO. LATINOAMERICANO DE ESTUDIOS UNIVERSITARIOS 35 55 90 CTRO. DE ESTUDIOS DE LA COMUNICACION SOCIAL 13 284 297 INSTITUTO DE MERCADOTECNIA Y PUBLICIDAD 6 282 288 C.E.T.I.S. NO. 3 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 8) 1107 1455 2562 C.E.T.I.S. NO. 13 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 4) 97 311 408 C.E.T.I.S. NO. 32 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 32) 56 259 315 C.E.T.I.S. NO. 8 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 1) 97 160 257 C.E.T.I.S. NO. 30 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 30) 1 161 162 C.E.T.I.S. NO. 33 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 33) 31 42 73 C.E.T.I.S. NO. 31 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 31) [D,F.] 11 167 178 C.E.T.I.S. NO. 76 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 76) 9 1474 1483 C.E.T.I.S. NO. 39 23 73 96 C.E.T.I.S. NO. 29 27 161 188 C.E.T.I.S. NO. 9 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 5) 335 1451 1786

http://www.stanford.edu/~binain/mexico/edoteked.html (6 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.E.T.I.S. NO. 11 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 9) 14 226 240 C.E.T.I.S. NO. 56 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 56) 14 498 512 C.E.T.I.S. NO. 10 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 6) 783 1591 2374 C.E.T.I.S. NO. 52 7 207 214 C.E.T.I.S. NO. 53 0 34 34 C.E.T.I.S. NO. 54 52 525 577 C.E.T.I.S. NO. 55 2 26 28 C.E.T.I.S. NO. 6 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 107) 61 264 325 C.E.T.I.S. NO. 49 4 123 127 C.E.T.I.S. NO. 50 16 491 507 C.E.T.I.S. NO. 1 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 54) 185 415 600 C.E.T.I.S. NO. 51 749 2193 2942 TECNOLOGICO UNIVERSITARIO DE MEXICO 90 2 92 C.E.T.I.S. NO. 2 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 55) 180 365 545 C.E.T.I.S. NO. 4 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 92) 81 100 181 C.E.T.I.S. NO. 7 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 2) 55 458 513 C.E.T.I.S. NO. 57 12 551 563 INSTITUTO ESPERANZA 0 44 44 CTRO. DE EDUCACION PREPARATORIA MEXICO, D. F. 0 1 1 INSTITUTO BONAMPAK 0 49 49 ESCUELA ZEFERINO AGUIRRE 0 4 4 COLEGIO AMAUTA 0 11 11 ESCUELA BRUSELAS 0 20 20 UNIVERSIDAD INSURGENTES PLANTEL SUR 0 0 0 ESCUELA NACIONAL PARA CIEGOS LIC. IGNACIO TRIGUEROS 0 2 2 CTRO. DE ESTUDIOS DE COMPUTO CAFETALES 0 11 11 ESCUELA MARTIN LUTHER KING 0 2 2 ESCUELA TECNICA PROFESIONAL DE MEDICINA ALTERNATIVA 0 0 0 C.E.T.I.S. NO. 154 0 376 376 C.E.T.I.S. NO. 153 0 104 104 UNIVERSIDAD DEL EJERCITO Y FUERZA AEREA 132 1800 1932 C.E.T.I.S. NO. 42 0 67 67 CTRO. DE ESTUDIOS EN TURISMO MIRAVALLE 0 8 8 ESCUELA MEXICANA DE TURISMO 0 26 26 INSTITUTO CESAR RITZ 0 44 44 CTRO. DE ESTUDIOS COMERCIALES Y ADMINISTRATIVOS 0 8 8 INSTITUTO CARLOS LINDBERGH 0 13 13 ESCUELA CULTURAL MAYA 0 19 19 TECNOLOGICO FEMENINO DE ORIENTE 0 38 38 CTRO. DE FORMACION Y ESTUDIOS TECNICOS INDUSTRIALES 0 12 12 ESCUELA MUNDIAL DE TURISMO 0 9 9 COLEGIO DE PILOTOS AVIADORES DE MEXICO, A. C. 0 6 6 CTRO. DE ESTUDIOS TECNICOS INTERNACIONAL DE TURISMO 0 17 17 ESCUELA PEDRO HENRIQUEZ UREÑA 0 1 1 COLEGIO TURISTICO DE LAS AMERICAS 0 16 16 TOTAL 65832 191033 256865 * These graduates come from the 439 Conalep schools all over the country

http://www.stanford.edu/~binain/mexico/edoteked.html (7 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

DURANGO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD JUAREZ DEL ESTADO DE DURANGO 1178 185 1363 INSTITUTO TECNOLOGICO DE DURANGO (I.T.R.) 5 3 8 ESCUELA J. GUADALUPE AGUILERA 2092 22 2114 C.B.T.I.S. NO. 4 (C.E.C.Y.T. NO. 145) 10 227 237 C.B.T.A. NO. 28 (C.E.T.A. NO. 28) 0 1 1 I.T.A. NO. 1 7 39 46 C.B.T.I.S. NO. 89 (C.E.C.Y.T. NO. 281) 5 8 13 C.B.T.I.S. NO. 42 0 8 8 C.B.T.A. NO. 47 (C.E.T.A. NO. 47) 3 35 38 C.E.T.I.S. NO. 47 1 29 30 C.B.T.I.S. NO. 58 (C.E.C.Y.T. NO. 221) 16 41 57 ESCUELA GENERAL LAZARO CARDENAS DEL RIO 1590 107 1697 C.B.T.I.S. NO. 112 (C.E.C.Y.T. NO. 377) 3 55 58 C.B.T.A. NO. 149 0 2 2 C.B.T.A. NO. 101 (C.E.T.A. NO. 101) [EJIDO 6 DE OCTUBRE] 3 0 3 C.B.T.A. NO. 63 (C.E.T.A. NO. 63) 1 0 1 C.B.T.I.S. NO. 96 0 43 43 C.B.T.I.S. NO. 109 0 43 43 C.B.T.I.S. NO. 110 0 62 62 C.E.T.I.S. NO. 88 0 317 317 C.B.T.I.S. NO. 115 0 5 5 C.E.T.I.S. NO. 148 0 73 73 C.B.T.I.S. NO. 130 0 192 192 C.B.T.I.S. NO. 159 0 106 106 TOTAL 4914 1603 6517

GUANAJUATO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE GUANAJUATO 1369 1060 2429 INSTITUTO TECNOLOGICO DE CELAYA (I.T.R) 56 57 113 INSTITUTO CELAYENSE 3 0 3 INSTITUTO AMERICANO 10 147 157 INSTITUTO AMERICA [LEON] 304 81 385 C.B.T.I.S. NO. 225 0 44 44 ESCUELA PARTICULAR INCORPORADA 1972 AÑO DE JUAREZ 131 53 184 CTRO. DE ENSEÑANZA CONSTANCIA Y PROGRESO A.C. COLEGIO MEXICO 35 183 218 INSTITUTO TEPEYAC [LEON] 126 122 248 INSTITUTO SUPERIOR DE EDUCACION TECNOLOGICA AGROPECUARIA 843 219 1062 INSTITUTO TECNOLOGICO DE LEON (I.T.R.) 1 5 6 C.B.T.A NO. 105 (C.E.T.A. NO. 105) 1 3 4 C.B.T.I.S. NO. 173 13 178 191 C.E.T.I.S. NO. 160 0 85 85 C.E.T.I.S. NO. 115 0 288 288 C.B.T.A. NO. 174 0 6 6 C.B.T.A. NO. 175 0 15 15

http://www.stanford.edu/~binain/mexico/edoteked.html (8 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 171 0 158 158 C.B.T.I.S. NO. 172 0 174 174 C.E.T.I.S. NO. 150 0 203 203 C.B.T.A. NO. 113 (C.E.T.A. NO. 113) 1 132 133 C.B.T.I.S. NO. 174 0 20 20 C.B.T.I.S. NO. 60 (C.E.C.Y.T. NO. 230) 18 173 191 C.B.T.I.S. NO. 75 (C.E.C.Y.T. NO. 263) 4 157 161 C.B.T.I.S. NO. 65 (C.E.C.Y.T. NO. 235) 112 331 443 C.B.T.A. NO. 34 (C.E.T.A. NO. 34) 10 0 10 C.E.T.I.S. NO. 21 (CTRO. DE ESTUDIOS TECNOLOGICOS NO.21) [LEON] 68 410 478 C.E.T.I.S. NO. 139 11 101 112 C.E.T.I.S. NO. 62 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 62) 3 652 655 C.B.T.I.S. NO. 139 18 126 144 C.B.T.I.S. NO. 148 21 281 302 C.E.T.I.S. NO. 89 0 233 233 C.B.T.I.S. NO. 147 0 233 233 C.E.T.I.S. NO. 77 42 88 130 C.E.T.I.S. NO. 149 0 219 219 C.B.T.I.S. NO. 198 0 281 281 C.B.T.I.S. NO. 217 0 10 10 LICEO CERVANTINO 0 169 169 CTRO. DE ESTUDIOS DE BACHILLERATOS TECNOLOGICOS 0 14 14 C.B.T.I.S. NO. 238 0 119 119 INSTITUTO ARTURO ROSENBLUETH STEARNS 0 0 0 C.B.T.I.S. NO. 255 0 88 88 INSTITUTO GENERAL FELIPE ANGELES 0 3 3 COLEGIO LA SALLE DE LA MONTAÑA 0 10 10 TOTAL 3200 6931 10131

GUERRERO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE GUERRERO 3235 5431 8666 C.B.T.I.S. NO. 56 (C.E.C.Y.T. NO. 222) 4 682 686 C.B.T.A. NO. 18 (C.E.T.A. NO. 18) 12 9 21 C.B.T.I.S. NO. 82 (C.E.C.Y.T. NO. 275) 17 135 152 C.B.T.I.S. NO. 57 (C.E.C.Y.T. NO. 226) 2 238 240 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 18 ACAPULCO GRO. 8 35 43 C.B.T.I.S. NO. 14 (C.E.C.Y.T. NO. 37) 17 279 296 INSTITUTO TECNOLOGICO DE ACAPULCO (I.T.R.) 4 13 17 C.B.T.A. NO. 65 (C.E.T.A. NO. 65) (ARCELIA) 7 4 11 C.B.T.A. NO. 66 (C.E.T.A. NO. 66) 13 22 35 C.B.T.A. NO. 102 (C.E.T.A. NO. 102) 7 5 12 CTRO. DE ESTUDIOS JUAN ESCUTIA 22 18 40 C.E.T.I.S. NO. 41 15 469 484 C.B.T.I.S. NO. 87 0 6 6 C.B.T.F. NO. 5 0 2 2 C.B.T.I.S. NO. 134 0 760 760 C.E.T.I.S. NO. 45 0 160 160

http://www.stanford.edu/~binain/mexico/edoteked.html (9 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.A. NO. 176 DE [APAXTLA CASTREJON] 6 25 31 C.E.T.I.S. NO. 90 0 578 578 C.B.T.A. NO. 125 0 2 2 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 27 PUERTO VICENTE GUERRERO 2 20 22 C.E.T.I.S. NO. 135 [CHILPANCINGO] 0 292 292 C.B.T.A. NO. 178 0 5 5 C.B.T.A. NO. 151 0 1 1 C.B.T.A. NO. 177 0 8 8 C.B.T.A. NO. 191 0 1 1 C.B.T.I.S. NO. 176 0 24 24 C.E.T.I.S. NO. 117 0 33 33 C.E.T.I.S. NO. 116 0 145 145 ESCUELA PAZ VALLEJO MURIANA 0 119 119 C.B.T.I.S. NO. 175 0 55 55 C.B.T.I.S. NO. 216 0 30 30 C.B.T.I.S. NO. 178 0 7 7 INSTITUTO COMERCIAL TIXTLA 0 38 38 CTRO. DE CAPACITACION COMERCIAL CEC 0 2 2 C.B.T.I.S. NO. 177 0 34 34 TOTAL 3371 9687 13058

HIDALGO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE HIDALGO 876 793 1669 INSTITUTO TECNOLOGICO DE (I.T.R.) 5 6 11 ESCUELA VASCO DE QUIROGA 0 141 141 INSTITUTO CIENTIFICO Y LITERARIO DE HIDALGO (ESCUELA NO REG. EN INST.) 15 0 15 ESCUELA PALAS ATENEA CUAUTEPEC, HGO. 0 19 19 INSTITUTO TIOZIHUATL PARTICULAR INCORPORADA [HUEJUTLA, HGO.] 0 150 150 BACHILLERATO TECNOLOGICO "VICTORY" (CTRO. DE EST. COMERCIALES) 5 50 55 ESCUELA CRUZ AZUL 0 218 218 ACADEMIA COMERCIAL EUTIMIO ARREOLA 86 89 175 CTRO. DE ESTUDIOS COMERCIALES HIDALGO 343 355 698 C.E.T.I.S. NO. 140 3 34 37 C.B.T.A. NO. 152 DE [APAN HIDALGO] 2 5 7 C.B.T.A. NO. 179 0 11 11 C.B.T.I.S. NO. 8 (C.E.C.Y.T. NO. 15 ) 136 403 539 C.B.T.A. NO. 126 4 17 21 C.B.T.I.S. NO. 59 (C.E.C.Y.T. NO. 229) 63 415 478 C.B.T.I.S. NO. 83 2 123 125 C.B.T.I.S. NO. 5 (C.E.C.Y.T. NO. 147) 60 681 741 C.B.T.A. NO. 67 (C.E.T.A. NO. 67) 22 28 50 C.E.T.I.S. NO. 26 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 26) 55 798 853 C.B.T.I.S. NO. 179 2 168 170 C.B.T.A. NO. 6 9 90 99 C.B.T.A. NO. 5 10 27 37 C.E.T.I.S. NO. 91 16 679 695 C.B.T.I.S. NO. 199 0 389 389

http://www.stanford.edu/~binain/mexico/edoteked.html (10 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 200 0 246 246 C.B.T.I.S. NO. 218 0 115 115 C.B.T.I.S. NO. 222 0 417 417 CTRO. DE ESTUDIOS TECNOLOGICOS EN AGUAS CONTINENTALES NO. 2 TEZONTEPEC HGO. 0 10 10 ESCUELA TOMAS GARRIGUE MASARYK CD. SAHAGUN, HGO. 0 88 88 ESCUELA REFUGIO ESTEVES MIXQUIAHUALA, HGO. 0 1 1 COLEGIO DE EST. CIENT. Y TEC. DEL EDO. DE HIDALGO (PLANT. IXMIQUILPAN) 0 2 2 COLEGIO DE EST. CIENT. Y TEC. DEL EDO. DE HIDALGO (PLANT. HUICHAPAN) 0 3 3 COLEGIO DE EST. CIENT. Y TEC. DEL EDO. DE HIDALGO (PLANTEL HUAUTLA) 0 0 0 INSTITUTO TECNOLOGICO CANADIENSE 0 1 1 INSTITUTO MOYOCOYANI 0 29 29 COLEGIO INTERNACIONAL 0 19 19 INSTITUTO COMERCIAL SAHAGUN 0 6 6 TOTAL 1714 6626 8340

JALISCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE GUADALAJARA 4956 4527 9483 UNIVERSIDAD AUTONOMA DE GUADALAJARA 327 41 368 INSTITUTO TECNOLOGICO DE CD. GUZMAN (I.T.R.) 4 11 15 CTRO. REGIONAL DE ENSEÑANZA TECNICA INDUSTRIAL 15 91 106 INSTITUTO PARTICULAR AMERICANO 23 0 23 CTRO. DE ESTUDIOS EN TURISMO GUADALAJARA LAMAR 1 0 1 CTRO. DE ESTUDIOS CIENTIFICOS Y TECNOLOGICOS DEL (VALLE DE ATEMAJAC) 0 219 219 INSTITUTO COLUMBIA 0 4 4 CTRO. DE ESTUDIOS TECNOLOGICOS DE LA UNIVERSIDAD AUTONOMA DE GUADALAJARA 0 131 131 CTRO. INTERNACIONAL DE ESTUDIOS DE TURISMO DE GUADALAJARA 0 35 35 UNIVERSIDAD FEMENINA DE GUADALAJARA 181 338 519 C.E.T.I.S. NO. 14 91 350 441 C.E.T.I.S. NO. 73 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 73) 1 234 235 C.B.T.I.S. NO. 63 16 12 28 C.B.T.A. NO. 127 0 2 2 C.B.T.I.S. NO. 10 (C.E.C.Y.T. NO. 25) 54 469 523 CTRO. DE ESTUDIOS TECNOLOGICOS IND. Y DE SERVICIOS NO. 14 ANTES NO. 361 (ZAPOPAN) 171 43 214 C.B.T.A. NO. 32 (C.E.T.A. NO. 32) (YAHUALICA) 30 30 60 C.B.T.I.S. NO. 61 (C.E.C.Y.T. NO. 61) 25 2 27 C.B.T.A. NO. 31 (C.E.T.A. NO. 31) 10 3 13 C.B.T.I.S. NO. 49 (C.E.C.Y.T. NO. 209) 2 121 123 C.B.T.I.S. NO. 68 (C.E.C.Y.T. NO. 241) 6 57 63 C.B.T.A. NO. 19 (C.E.T.A. NO. 19) (SAYULA) 7 5 12 C.B.T.I.S. NO. 70 (C.E.C.Y.T. NO. 243) 22 36 58 CTRO. DE ESTUDIOS TECNOLOGICOS EN AGUAS CONTINENTALES NO. 1 JOCOTEPEC JAL. 0 2 2 CENTRO DE ESTUDIOS TECNICOS VERACRUZ, A.C. 28 301 329 C.B.T.I.S. NO. 38 (C.E.C.Y.T. NO. 269) 202 864 1066 C.E.T.I.S. NO. 63 0 53 53 C.E.T.I.S. NO. 161 0 116 116 C.E.T.I.S. NO. 162 0 12 12 C.B.T.I.S. NO. 226 0 51 51

http://www.stanford.edu/~binain/mexico/edoteked.html (11 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

CTRO. DE ESTUDIOS TECNICOS DE LA INDUSTRIA DEL VESTIDO 0 37 37 CTRO. FORMATIVO DE ARTES Y OFICIOS 0 52 52 INSTITUTO LANSPIAC (JALISCO) 0 1 1 ESCUELA IGNACIA RIECHY GUADALAJARA JALISCO 0 27 27 COLEGIO TECNICO DECROLY 0 137 137 C.B.T.I.S. NO. 246 ZAPOPAN JAL. 0 25 25 C.B.T.I.S. NO. 201 0 1 1 C.B.T.I.S. NO. 247 0 16 16 C.B.T.I.S. NO. 245 0 1 1 C.B.T.I.S. NO. 262 0 0 0 CTRO. DE ESTUDIOS TECNOLOGICOS DE LAS AMERICAS 0 19 19 C.B.T.I.S. NO. 244 0 20 20 BACHILLERATO TECNOLOGICO JALISCO 0 0 0 TOTAL 6172 8496 14668

ESTADO DE MÉXICO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DEL ESTADO DE MEXICO 1169 678 1847 UNIVERSIDAD AGRICOLA AUTONOMA [CHAPINGO] 49 0 49 LICEO DE CIENCIAS Y HUMANIDADES 14 4 18 CTRO. DE CAPACITACION PARA MUJERES INDIGENAS CARMEN SERDAN 12 0 12 CTRO. DE ESTUDIOS LOMAS, S.C. 59 151 210 COLEGIO DE LA COMUNIDAD DE (CD. NEZAHUALCOYOTL) 4 5 9 INSTITUTO TECNOLOGICO DE TLALNEPANTLA (I.T.R.) 4 13 17 CTRO. UNIVERSITARIO DEL ESTADO DE MEXICO, A.C 21 28 49 C.B.T.I.S. NO. 29 3 164 167 C.B.T.A. NO. 35 (C.E.T.A. NO. 35) (CHALCO) 57 19 76 INSTITUTO TECNOLOGICO DE TOLUCA (I.T.R.) 1 9 10 C.B.T.I.S. NO. 50 (C.E.C.Y.T. NO. 210) 13 46 59 C.B.T.I.S. NO. 133 0 24 24 C.B.T.I.S. NO. 6 (C.E.C.Y.T. NO. 148) 131 232 363 C.B.T.A. NO. 96 (C.E.T.A. NO. 96) 6 18 24 C.E.T.I.S. NO. 36 4 130 134 C.E.T.I.S. NO. 23 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 23) [LERMA] 11 159 170 UNIVERSIDAD FEMENINA DEL EDO. DE MEX. [TOLUCA] 16 0 16 C.E.T.I.S. NO. 37 19 215 234 C.E.T.I.S. NO. 97 0 407 407 INSTITUTO TECNOLOGICO DEL EDO. DE MEX. 0 78 78 INSTITUTO TECNICO DE TURISMO 2 61 63 C.E.T.I.S. NO. 94 0 80 80 C.E.T.I.S. NO. 95 0 27 27 C.E.T.I.S. NO. 96 0 40 40 C.E.T.I.S. NO. 65 6 16 22 C.E.T.I.S. NO. 92 1 24 25 C.E.T.I.S. NO. 35 0 18 18 C.E.T.I.S. NO. 64 5 363 368 C.B.T.A. NO. 128 4 2 6 CTRO. DE ESTUDIOS TECNOLOGICOS DEL ANGEL, S.C. 2 13 15

http://www.stanford.edu/~binain/mexico/edoteked.html (12 of 27) [12/13/1999 4:39:44 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

CTRO. DE ESTUDIOS LA SALLE (ECATEPEC) 0 3 3 C.E.T.I.S. NO. 141 13 145 158 C.B.T.I.S. NO. 160 [CUAUTITLAN] 0 251 251 C.E.T.I.S. NO. 118 [ZUMPANGO] 0 84 84 C.E.T.I.S. NO. 119 4 294 298 C.B.T.A. NO. 150 1 5 6 C.B.T.A. NO. 180 0 5 5 ESCUELA MECANICA DIESEL Y VEHICULOS AUTOMOTORES DE TOLUCA 0 5 5 C.B.T.I.S. NO. 202 0 66 66 C.B.T.I.S. NO. 50 CALMECAC 1 25 26 INSTITUTO THOMAS COOK DE TLANEPANTLA, EDO. DE MEX. 0 15 15 C.B.T.I.S. NO. 180 0 10 10 CTRO. DE ESTUDIOS TECNOLOGICOS FRANCO AMERICANO DEL (EDO. DE MEX.) 0 2 2 CTRO. TECNOLOGICO EN TURISMO, A.C. 0 8 8 C.B.T.I.S. NO. 23 "DR. LEOPOLDO RIO DE LA LOZA" 0 12 12 COLEGIO ZURICH S.C. 0 1 1 COLEGIO HOUSTON 0 86 86 INSTITUTO MONTREAL DE ESTUDIOS TECNICOS NAUCALPAN, EDO. DE MEXICO 0 6 6 ESCUELA SUPERIOR DE COMERCIO NO. 2 GABRIEL V. ALCOCER 0 4 4 C.B.T.I.S. NO. 38 "ING. JUAN CELADA SALMON" 0 5 5 TECNOLOGICO PARA VEHICULOS A GASOLINA Y DIESEL, S. C. 0 1 1 C.B.T.I.S. NO. 227 0 137 137 CTRO. DE ESTUDIOS NO. 8 CALMECAC 0 6 6 C.B.T.I.S. NO. 40 DR. ALFONSO LEON DE GARAY 0 1 1 C.E.T.I.S. NO. 165 0 6 6 C.B.T.I.S. NO. 203 0 21 21 ESCUELA PARTICULAR JUANA DE ASBAJE 0 3 3 C.B.T.I.S. NO. 31 "ATANACIO CHAVEZ ROSAS" 0 4 4 CTRO. DE ESTUDIOS TECNICOS DE BACHILLERATO PROFESIONAL, S.C. 0 49 49 INSTITUTO CULTURAL TECNOLOGICO CUINCACALLI 0 3 3 INSTITUTO MODELO 0 18 18 C.B.T.I.S. NO. 15 "DR. JORGE JIMENEZ CANTU" 0 1 1 C.B.T.I.S. NO. 41 MA. LUISA MARINA DE SUAREZ 0 1 1 C.B.T.I.S. NO. 22 "DR. DONATO ALARCON SEGOVIA" 0 3 3 C.B.T.I.S. NO. 43 "ISAAC NEWTON" 0 2 2 INSTITUTO ANA FREUD 0 3 3 UNIVERSIDAD TERRANOVA TOLUCA, ESTADO DE MEXICO 0 2 2 ESCUELA DOMINGO FAUSTINO SARMIENTO , EDO. DE MEXICO 0 46 46 C.B.T.I.S. NO. 24 "JUSTO SIERRA" 0 1 1 C.B.T.I.S. NO. 161 38 366 404 C.B.T.I.S. NO. 27 "DR. CARLOS SOSA MOSS" 0 1 1 INSTITUTO TECNICO PROFESIONAL DE TOLUCA, S.C. 0 2 2 C.B.T.I.S. NO. 16 PROFR. LUIS CAMARENA GONZALEZ 0 0 0 INSTITUTO DE MERCADOTECNIA Y PUBLICIDAD (NAUCALPAN) 0 9 9 CTRO. DE BACHILLERATO TECNOLOGICO DE SERVICIOS JUAREZ 0 0 0 ESCUELA QUETZALCOATL 0 2 2 CTRO. UNIVERSITARIO DE ORIENTE 0 1 1 CTRO. DE ESTUDIOS TECNOLOGICOS Y DE ESPECIALIZACION CONTINUA RAVEL 0 3 3 ESCUELA EULALIA SANDOVAL 0 10 10

http://www.stanford.edu/~binain/mexico/edoteked.html (13 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

COLEGIO MEXIQUENSE DE EDUCACION TECNICA, A.C. 0 1 1 ESCUELA NARCISO BASSOLS 0 3 3 INSTITUTO COMERCIAL Y BACHILLERATO 0 7 7 C.B.T.I.S. NO. 54 ANGEL MARIA GARIBAY KINTANA 0 2 2 TOTAL 1670 4771 6441

MICHOACAN INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD MICHOACANA DE SAN NICOLAS DE HIDALGO 2398 2038 4436 INSTITUTO TECNOLOGICO DE MORELIA (I.T.R) 2 53 55 COLEGIO MOTOLINIA, A.C. 527 1 528 UNIVERSIDAD VASCO DE QUIROGA, A.C. 0 1 1 ESCUELA MICHOACANA DE TURISMO 0 81 81 I.T.A. NO. 7 0 13 13 CTRO. DE ESTUDIOS TECNOLOGICOS ANTONIO PLANCARTE 47 504 551 C.B.T.I.S. NO. 18 (C.E.C.Y.T. NO. 50) 3 64 67 C.B.T.I.S. NO. 12 (C.E.C.Y.T. NO. 29 AHORA NO. 12) 102 80 182 C.B.T.A. NO. 33 (C.E.T.A. NO. 33) 19 5 24 C.B.T.A. NO. 7 (C.E.T.A. NO. 7) 3 160 163 C.B.T.I.S. NO. 84 (C.E.C.Y.T. NO. 277) 42 107 149 C.B.T.I.S. NO. 94 14 52 66 C.E.T.I.S. NO. 27 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 27) 67 281 348 C.E.T.I.S. NO. 28 8 266 274 C.B.T.A. NO. 68 (C.E.T.A. NO. 68) (CHILCHOTA) 6 2 8 C.B.T.A. NO. 89 (C.E.T.A. NO. 89) [TERETAN] 7 49 56 C.B.T.A. NO. 70 (C.E.T.A. NO. 70) (TEPALCATEPEC) 14 1 15 C.B.T.A. NO. 69 (C.E.T.A. NO. 69) (CHUPIO) 17 1 18 C.B.T.A. NO. 49 0 10 10 C.B.T.I.S. NO. 52 (C.E.C.Y.T. NO. 212) 12 353 365 C.B.T.F. NO. 6 [CD. HIDALGO,MICH.] 39 109 148 C.B.T.I.S. NO. 149 4 503 507 C.E.T.I.S. NO. 34 1 194 195 C.B.T.A. NO. 114 (C.E.T.A. NO. 114) 13 6 19 C.B.T.A. NO. 140 0 2 2 C.E.T.I.S. NO. 121 21 163 184 C.E.T.I.S. NO. 120 5 476 481 C.B.T.A. NO. 181 DE [MARAVATIO, MICH.] 2 15 17 C.B.T.I.S. NO. 182 [ZINAPECUARO] 0 62 62 C.B.T.I.S. NO. 162 0 118 118 C.B.T.I.S. NO. 204 0 80 80 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 16 LAZARO CARDENAS MICHOACAN 0 27 27 C.B.T.A. NO. 153 0 11 11 CTRO. DE ESTUDIOS TECNOLOGICOS JUAN DE SAN MIGUEL 0 310 310 CTRO. DE ESTUDIOS TECNOLOGICOS MIGUEL HIDALGO 0 181 181 CTRO. DE ESTUDIOS TECNOLOGICOS LUMENA 0 189 189 CTRO. DE ESTUDIOS TECNOLOGICOS ANAHUAC 0 125 125 INSTITUTO MORELIA 0 45 45 ESCUELA PATTYE F. SOUTHERLAND 0 151 151

http://www.stanford.edu/~binain/mexico/edoteked.html (14 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

CTRO. DE ESTUDIOS TECNOLOGICOS PROGRESO 0 32 32 CTRO. DE ESTUDIOS TECNOLOGICOS JOSE MARIA MORELOS 0 20 20 CTRO. DE ESTUDIOS TECNOLOGICOS MANUEL PEREZ CORONADO 0 10 10 C.B.T.I.S. NO. 181 0 4 4 TOTAL 3373 6955 10328

MORELOS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DEL ESTADO DE MORELOS 3196 1591 4787 ESCUELA DE TURISMO JUAN DE DIOS BATIZ 11 68 79 UNIVERSIDAD FRAY LUCA PACCIOLI 0 69 69 INSTITUTO PAPE CARPENTIER 1 0 1 C.B.T.A. EL PEÑON NO. 193 0 2 2 UNIVERSIDAD FEMENINA DE CUERNAVACA 90 25 115 INSTITUTO TECNOLOGICO DE ZACATEPEC (I.T.R.) 12 22 34 ESCUELA MILITARIZADA CRISTOBAL COLON 258 42 300 I.T.A. NO. 9 2 2 4 CTRO. DE ESTUDIOS TECNICOS Y COMERCIALES DR. RIO DE LA LOZA 136 382 518 INSTITUTO JUANA DE ARCO 0 108 108 C.B.T.A. NO. 71 (C.E.T.A. NO. 71) (TLALNEPANTLA) 18 10 28 C.B.T.A. NO. 8 (C.E.T.A. NO. 8) 23 100 123 C.B.T.A. NO. 39 (C.E.T.A. NO. 39) 3 11 14 C.E.T.I.S. NO. 12 (CTRO. DE ESTUDIOS TECNOLOGICOS NO.140) [JIUTEPEC, MOR.] 33 422 455 C.E.T.I.S. NO. 44 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 44) 6 337 343 C.B.T.I.S. NO. 194 0 590 590 C.E.T.I.S. NO. 43 2 774 776 C.B.T.I.S. NO. 76 56 1030 1086 C.E.T.I.S. NO. 122 16 1056 1072 C.B.T.A. NO. 190 1 8 9 CTRO. DE ESTUDIOS COMERCIALES MINERVA 2 168 170 INSTITUTO LEOPOLDO DE PORTILLO CARDENAS 0 9 9 C.B.T.A. NO. 155 0 7 7 C.E.T.I.S. NO. 99 22 462 484 C.B.T.I.S. NO. 136 52 511 563 C.B.T.A. NO. 129 2 2 4 C.B.T.A. NO. 154 4 21 25 C.B.T.I.S. NO. 166 0 338 338 C.B.T.I.S. NO. 223 0 91 91 INSTITUTO DE ESTUDIOS JOJUTLA MORELOS 0 5 5 CTRO. INTERNACIONAL DE ESTUDIOS DE TURISMO DE MORELOS 0 106 106 ESCUELA CHARLES RICHET 0 97 97 CTRO. DE ESTUDIOS TECNICOS Y ADMINISTRATIVOS 0 48 48 ESCUELA TECNICA AUTOMOTRIZ DE CUAUTLA BENJAMIN FRANKLIN 0 31 31 ESCUELA FEMENINA DE MONTEFALCO 0 12 12 INSTITUTO DE ARTES Y CIENCIAS APLICADAS CUERNAVACA, MOR. 0 5 5 CTRO. DE DESARROLLO EDUCATIVO Y CULTURAL DE MORELOS 0 12 12 C.B.T.I.S. NO. 232 0 28 28 ESCUELA LIBERTAD 0 13 13

http://www.stanford.edu/~binain/mexico/edoteked.html (15 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

TOTAL 3946 8615 12561

NAYARIT INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE NAYARIT 1356 1238 2594 INSTITUTO DE ESTUDIOS TECNOLOGICOS Y SUPERIORES MATATIPAC, A.C. 0 67 67 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 26 SAN BLAS NAY. 0 8 8 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 6 LA HUANACAXTLE NAY. 14 52 66 C.B.T.I.S. NO. 100 (C.E.C.Y.T. NO. 340) [NAYARIT] 9 171 180 C.E.T.I.S. NO. 100 0 116 116 C.B.T.I.S. NO. 27 (C.E.C.Y.T. NO. 157) 37 234 271 INSTITUTO TECNOLOGICO DE TEPIC (I.T.R.) 7 88 95 INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE TEPIC 378 225 603 C.B.T.A. NO. 108 0 0 0 C.B.T.A. NO. 72 (C.E.T.A. NO. 72) ROSA MORADA 3 0 3 INSTITUTO LAS AMERICAS DE NAYARIT, S. C. 0 9 9 TOTAL 1804 2208 4012

NUEVO LEÓN INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE NUEVO LEON 3120 1557 4677 UNIVERSIDAD DE MONTERREY 2 67 69 CTRO. DE ESTUDIOS SUPERIORES DE DISEÑO DE MONTERREY, S. C. 30 205 235 CTRO. DE ESTUDIOS UNIVERSITARIOS DE (MONTERREY) 2167 1699 3866 C.B.T.I.S. NO. 74 (C.E.C.Y.T. NO. 262) 115 196 311 INSTITUTO UNIVERSITARIO METROPOLITANO 37 241 278 C.B.T.I.S. NO. 22 4 58 62 C.B.T.I.S. NO. 53 0 17 17 C.E.T.I.S. NO. 66 28 21 49 C.B.T.A. NO. 73 1 0 1 C.B.T.A. NO. 74 0 2 2 C.B.T.I.S. NO. 99 1 138 139 C.E.T.I.S. NO. 101 0 278 278 C.E.T.I.S. NO. 163 0 124 124 INSTITUTO GUADALUPE DE ESTUDIOS SUPERIORES, S.C. UNIDAD MONTEMORELOS 0 0 0 UNIVERSIDAD DE MONTEMORELOS 1 13 14 C.B.T.A. NO. 59 (C.E.T.A. NO. 59) (GALEANA) 5 3 8 C.B.T.A. NO. 58 (C.E.T.A. NO. 58) (GALEANA) 1 0 1 C.B.T.A. NO. 48 (C.E.T.A. NO. 48) (EL POTOSI) 2 0 2 C.B.T.A. NO. 50 (C.E.T.A. NO. 50) 0 4 4 C.B.T.I.S. NO. 258 0 78 78 TOTAL 5514 4701 10215

OAXACA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA BENITO JUAREZ DE OAXACA 1187 1052 2239

http://www.stanford.edu/~binain/mexico/edoteked.html (16 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

INSTITUTO TECNOLOGICO DE OAXACA (I.T.R.) 11 0 11 INSTITUTO TECNOLOGICO DE PINOTEPA NACIONAL (I.T.A. NO. 13 [PINOTEPA NAL., OAX.]) 4 0 4 BACHILLERATO TECNOLOGICO CRUZ AZUL 0 183 183 CTRO. DE ESTUDIOS TECNICOS Y COMERCIALES EULOGIO GULLOW OAXACA OAX. 0 11 11 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 5 SALINAS CRUZ OAX. 12 13 25 C.E.T.I.S. NO. 123 0 25 25 C.B.T.I.S. NO. 90 (C.E.C.Y.T. NO. 285) 6 13 19 INSTITUTO TECNICO LATINO, A.C. 154 88 242 C.B.T.I.S. NO. 31 (C.E.C.Y.T. NO. 168) 2 20 22 C.B.T.I.S. NO. 26 (C.E.C.Y.T. NO. 137) 22 80 102 C.B.T.I.S. NO. 25 0 33 33 C.B.T.I.S. NO. 2 3 20 23 C.B.T.A. NO. 77 (C.E.T.A. NO. 77) 3 9 12 C.B.T.A. NO. 16 (C.E.T.A. NO. 16) (SAN BARTOLO TUXTEPEC) 3 1 4 C.B.T.I.S. NO. 107 0 1 1 C.B.T.A. NO. 37 0 7 7 C.B.T.A. NO. 76 0 26 26 C.B.T.F. NO. 3 0 3 3 C.B.T.A. NO. 10 (C.E.T.A. NO. 10) 3 4 7 C.B.T.A. NO. 51 (C.E.T.A. NO. 51) 11 16 27 C.B.T.A. NO. 78 (C.E.T.A. NO. 78) [ZAACHILA] 8 9 17 C.B.T.I.S. NO. 91 (C.E.C.Y.T. NO. 291) 14 26 40 C.B.T.I.S. NO. 123 0 88 88 C.B.T.A. NO. 92 3 1 4 C.B.T.I.S. NO. 150 0 33 33 C.B.T.A. NO. 75 (C.E.T.A. NO. 75) [ACATLAN DE PEREZ] 16 2 18 C.E.T.I.S. NO. 102 8 45 53 INSTITUTO TECNOLOGICO DE TUXTEPEC (I.T.R.) 0 1 1 UNIVERSIDAD REGIONAL DEL SURESTE 92 108 200 COLEGIO MOTOLINIA 5 0 5 INSTITUTO TECNOLOGICO DEL ISTMO (I.T.R) 0 1 1 C.B.T.A. NO. 9 9 4 13 C.B.T.A. NO. 131 2 1 3 C.E.T.I.S. NO. 103 0 4 4 C.E.T.I.S. NO. 38 2 168 170 C.B.T.A. NO. 158 0 3 3 C.B.T.A. NO. 192 0 2 2 C.E.T.I.S. NO. 124 1 27 28 C.B.T.I.S. NO. 183 0 19 19 INSTITUTO LIBRE DE COMERCIO Y ADMINISTRACION 0 15 15 CENTRO DE ESTUDIOS UNIVERSITARIOS Y TECNOLOGICOS 0 7 7 C.B.T.I.S. NO. 205 0 0 0 COLEGIO DE EST. CIENT. Y TEC. DEL EDO. DE OAXACA (PLANTEL TUTUTEPEC) 0 0 0 C.B.T.I.S. NO. 240 0 45 45 C.B.T.I.S. NO. 259 0 2 2 C.B.T.I.S. NO. 248 0 1 1 TOTAL 1581 2217 3798

http://www.stanford.edu/~binain/mexico/edoteked.html (17 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

PUEBLA INSTITUTION 1945-1989 1990-98 TOTAL BENEMERITA UNIVERSIDAD AUTONOMA DE PUEBLA 2239 2246 4485 UNIVERSIDAD POPULAR AUTONOMA DE PUEBLA 313 472 785 UNIVERSIDAD FEMENINA DE PUEBLA 5 0 5 LICEO TECNICO ITALIANO DE PUEBLA 4 29 33 INSTITUTO MEXICANO MADERO 12 1 13 TEHUITZINGO 3 0 3 ESCUELA CIVIL DE AVIACION 5 DE MAYO 55 0 55 ESCUELA DE TURISMO ROBERTO CAÑEDO MARTINEZ 0 310 310 INSTITUTO TECNOLOGICO DE PUEBLA (I.T.R.) 1 4 5 C.B.T.I.S. NO. 16 (C.E.C.Y.T. NO. 46 ) 2 11 13 C.E.T.I.S. NO. 17 2 125 127 C.E.T.I.S. NO. 67 9 416 425 ESCUELA RUDOLPH DIESEL 0 340 340 C.B.T.I.S. NO. 86 (C.E.C.Y.T. NO. 302) 31 129 160 C.B.T.I.S. NO. 44 (C.E.C.Y.T. NO. 204) 11 67 78 C.B.T.A. NO. 79 0 6 6 C.E.T.I.S. NO. 104 0 199 199 C.B.T.A. NO. 168 0 4 4 INSTITUTO TECNOLOGICO DE TEHUACAN (I.T.R.) 9 15 24 C.B.T.A. NO. 184 0 21 21 C.B.T.A. NO. 185 0 10 10 C.B.T.I.S. NO. 184 0 26 26 C.E.T.I.S. NO. 151 0 79 79 INSTITUTO BRITANICO DE LA CD. DE PUEBLA, A.C. 0 74 74 C.B.T.I.S. NO. 67 0 73 73 C.B.T.I.S. NO. 229 0 59 59 INSTITUTO TECNICO PANAMERICANO 0 3 3 INSTITUTO EUROCENTURY 0 42 42 INSTITUTO TECNOLOGICO ROOSEVELT 0 1 1 C.B.T.I.S. NO. 260 0 1 1 C.B.T.I.S. NO. 254 0 0 0 C.B.T.I.S. NO. 241 0 2 2 C.B.T.I.S. NO. 242 0 1 1 CENTRO EDUCATIVO DE PUEBLA 0 1 1 COLEGIO MEXICANO 0 0 0 INSTITUTO WILLIAM SHAKESPEARE DE TEXMELUCAN, A.C. 0 0 0 TOTAL 2696 4767 7463

QUERETARO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE QUERETARO 814 362 1176 INSTITUTO TECNOLOGICO DE QUERETARO (I.T.R.) 5 4 9 INSTITUTO 5 DE MAYO 7 137 144 ESCUELA CLARA BARTON 0 102 102 C.B.T.A. NO. 115 1 3 4 C.B.T.I.S. NO. 118 5 54 59

http://www.stanford.edu/~binain/mexico/edoteked.html (18 of 27) [12/13/1999 4:39:45 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 145 0 65 65 C.E.T.I.S. NO. 105 7 113 120 C.E.T.I.S. NO. 16 0 90 90 C.E.T.I.S. NO. 142 0 75 75 ESCUELA TECNICA COMERCIAL VASCO DE QUIROGA 0 112 112 INSTITUTO SOCIAL COMERCIAL EN CONTADURIA ADMINISTRATIVA 0 9 9 ESCUELA 0 1 1 COL. DE EST. CIENTIFICOS Y TEC. DEL EDO. DE QRO. PLAN. 82 HUIMILPAN 0 5 5 COL. DE EST. CIENTIFICOS Y TEC. DEL EDO. DE QRO. PLAN. 83 PEDRO ESCOBEDO 0 14 14 COL. DE EST. CIENTIFICOS Y TEC. DEL EDO. DE QRO. PLAN. 84 PINAL DE AMOLES 0 6 6 COL. DE EST. CIENTIFICOS Y TEC. DEL EDO. DE QRO. PLAN. 85 PEÑAMILLER 0 10 10 TOTAL 839 1162 2001

QUINTANA ROO INSTITUTION 1945-1989 1990-98 TOTAL C.B.T.I.S. NO. 28 (C.E.C.Y.T. NO. 159) 4 34 38 C.B.T.I.S. NO. 72 (C.E.C.Y.T. NO. 245) 7 12 19 C.B.T.A. NO. 186 0 2 2 C.B.T.A. NO. 11 5 10 15 INSTITUTO TECNOLOGICO DE CHETUMAL (I.T.R.) 0 1 1 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 23 CHETUMAL Q. ROO 0 16 16 C.B.T.A. NO. 80 0 0 0 C.B.T.I.S. NO. 111 0 7 7 C.B.T.I.S. NO. 214 0 51 51 C.B.T.I.S. NO. 253 0 24 24 TOTAL 16 157 173

SAN LUIS POTOSI INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE SAN LUIS POTOSI 1131 43 1174 ESCUELA PARTICULAR GABRIELA MISTRAL 379 47 426 ESCUELA TECNICA ATENEA 82 68 150 INSTITUTO TECNOLOGICO DE SAN LUIS POTOSI (I.T.R.) 0 2 2 C.E.T.I.S. NO. 125 22 748 770 C.E.T.I.S. NO. 126 0 111 111 C.B.T.I.S. NO. 46 (C.E.C.Y.T. NO. 206) 23 381 404 C.B.T.A. NO. 52 (C.E.T.A. NO. 52) 30 18 48 C.B.T.I.S. NO. 131 59 640 699 ESCUELA DE BACHILLERATO EN CIENCIAS SOCIALES GALILEO GALILEI 41 7 48 CTRO. DE ESTUDIOS EN DECORACION CIENCIA Y ARTE 50 0 50 C.B.T.I.S. NO. 87 0 122 122 C.B.T.A. NO. 120 3 3 6 C.B.T.A. NO. 141 2 0 2 C.B.T.A. NO. 121 2 2 4 C.B.T.I.S. NO. 121 1 362 363 C.B.T.I.S. NO. 151 0 211 211 C.E.T.I.S. NO. 106 1 219 220

http://www.stanford.edu/~binain/mexico/edoteked.html (19 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.A. NO. 123 7 4 11 C.B.T.A. NO. 143 0 6 6 C.B.T.A. NO. 142 0 6 6 C.B.T.A. NO. 119 0 1 1 C.B.T.A. NO. 187 DE [ACOSTA, S.L.P.] 2 7 9 C.B.T.I.S. NO. 185 2 362 364 C.B.T.I.S. NO. 186 0 91 91 C.B.T.A. NO. 159 0 4 4 C.B.T.A. NO. 160 0 3 3 C.B.T.I.S. NO. 187 0 62 62 INSTITUTO TECNICO HERMAN HOLLERIT 0 59 59 INSTITUTO CARLOS GOMEZ 0 29 29 INSTITUTO JUVENTUD 0 17 17 ESCUELA GABRIELA MISTRAL, A. C. 0 18 18 INSTITUTO TECNOLOGICO METROPOLITANO SAN LUIS POTOSI 0 26 26 ESCUELA CARTAGO 0 0 0 LICEO RIOVERDE 0 176 176 COL. DE EST. CIEN. Y TECNO. DEL EDO. DE SAN LUIS POTOSI (PL. SLP I) 0 0 0 COL. DE EST. CIEN. Y TECNO. DEL EDO. DE SAN LUIS POTOSI (PL. SLP II) 0 0 0 COL. DE EST. CIEN. Y TECNO. DEL EDO. DE SAN LUIS POTOSI (PL. SLP III) 0 0 0 TOTAL 1837 3855 5692

SINALOA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE SINALOA 4033 3685 7718 INSTITUTO TECNOLOGICO DE CULIACAN (I.T.R.) 7 8 15 CTRO. DE ESTUDIOS TECNOLOGICOS DEL PACIFICO [UNIVERSIDAD DEL PACIFICO, A.C 0 1 1 CTRO. DE ESTUDIOS SUPERIORES 0 5 5 SECRETARIA DE MARINA ESCUELA NAVAL MILITAR [MAZATLAN] 158 2 160 C.B.T.A. NO. 25 (C.E.T.A. NO. 25) 1 292 293 C.B.T.I.S. NO. 51 (C.E.C.Y.T. NO. 211) 32 89 121 C.B.T.I.S. NO. 45 (C.E.C.Y.T. NO. 205) 36 63 99 C.B.T.I.S. NO. 43 45 36 81 CTRO. DE ESTUDIOS SUPERIORES DE GUAMUCHIL, A.C. (SIN.) 13 53 66 ESCUELA NAUTICA MERCANTE DE MAZATLAN CAP. DE ALT. ANTONIO GOMEZ M. 115 88 203 INSTITUTO DEL NOROESTE 129 117 246 CTRO. DE ESTUDIOS TECNOLOGICOS DE TRABAJO SOR JUANA INES DE LA CRUZ 38 2 40 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 23 TEACAPAN SIN. 1 40 41 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 8 MAZATLAN SIN. 6 25 31 C.B.T.A. NO. 133 1 1 2 C.B.T.A. NO. 81 0 89 89 C.B.T.I.S. NO. 152 0 22 22 C.E.T.I.S. NO. 107 0 28 28 C.E.T.I.S. NO. 108 16 84 100 C.E.T.I.S. NO. 68 0 180 180 C.B.T.A. NO. 116 0 11 11 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 13 TOPOLOBAMPO SIN. 3 16 19 C.E.T.I.S. NO. 127 11 21 32

http://www.stanford.edu/~binain/mexico/edoteked.html (20 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 43 0 17 17 C.B.T.I.S. NO. 224 0 23 23 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 28 ALTATA SIN. 0 6 6 CTRO. TECNOLOGICO DE MAZATLAN 0 9 9 TOTAL 4645 5013 9658

SONORA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE SONORA 489 310 799 INSTITUTO TECNOLOGICO DE SONORA 350 214 564 C.B.T.I.S. NO. 81 (C.E.C.Y.T. NO. 274) 16 32 48 COLEGIO DE SONORA 0 1 1 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 3 GUAYMAS SON. 9 24 33 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 14 PUERTO PENASCO SON. 0 6 6 C.B.T.A. NO. 38 (C.E.T.A. NO. 38) (CAJEME, SON.) 0 9 9 C.B.T.A. NO. 161 0 27 27 C.B.T.I.S. NO. 129 5 29 34 C.B.T.I.S. NO. 40 (C.E.C.Y.T. NO. 200) 23 503 526 C.E.T.I.S. NO. 128 0 253 253 C.B.T.I.S. NO. 106 9 223 232 C.B.T.I.S. NO. 64 (C.E.C.Y.T. NO. 234) 14 187 201 C.B.T.I.S. NO. 11 (C.E.C.Y.T. NO. 26) 45 132 177 C.B.T.I.S. NO. 37 (C.E.C.Y.T. NO. 220) 14 124 138 C.B.T.I.S. NO. 63 (C.E.C.Y.T. NO. 233) 41 107 148 INSTITUTO TECNOLOGICO DE NOGALES, SON. (I.T.R.) 6 2 8 INSTITUTO TECNOLOGICO DE HERMOSILLO, SON. (I.T.R.) 0 1 1 C.B.T.I.S. NO. 33 (C.E.C.Y.T. NO. 172) 18 192 210 C.B.T.A. NO. 53 (C.E.T.A. NO. 53) 5 9 14 C.B.T.I.S. NO. 188 0 95 95 C.B.T.A. NO. 97 1 13 14 C.B.T.A. NO. 26 0 1 1 C.B.T.I.S. NO. 132 0 391 391 C.E.T.I.S. NO. 69 0 52 52 C.B.T.A. NO. 132 0 41 41 C.B.T.I.S. NO. 206 0 127 127 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 22 YAVAROS SON. 0 4 4 C.B.T.I.S. NO. 207 0 36 36 COLEGIO CENTRAL PROFESOR ANTONIO GAMEZ, S. C. 0 2 2 ESCUELA PITIC 0 5 5 INSTITUTO SUPERIOR DE COMERCIO 0 0 0 C.B.T.A. NO. 197 0 0 0 TOTAL 1045 3152 4197

TABASCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD JUAREZ AUTONOMA DE TABASCO 472 652 1124 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 19 FRONTERA TAB. 5 16 21

http://www.stanford.edu/~binain/mexico/edoteked.html (21 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

INSTITUTO TECNOLOGICO DE VILLAHERMOSA, TAB. (I.T.R.) 17 0 17 CENTRO BACHILLERATO TECNOLOGICO PARAISO 0 0 0 C.B.T.I.S. NO. 32 (C.E.C.Y.T. NO. 169) 47 124 171 C.B.T.A. NO. 54 (C.E.T.A. NO. 54) 1 1 2 C.E.T.I.S. NO. 40 2 75 77 C.B.T.A. NO. 94 (C.E.T.A. NO. 94) [JALPA DE MENDEZ, TAB.] 6 20 26 C.B.T.I.S. NO. 93 (C.E.C.Y.T. NO. 326) 1 147 148 C.B.T.A. NO. 93 0 20 20 C.B.T.A. NO. 82 0 1 1 C.E.T.I.S. NO. 70 0 58 58 C.B.T.A. NO. 144 1 6 7 C.B.T.I.S. NO. 163 0 26 26 CTRO. DE ESTUDIOS PROFESOR CARLOS FERNANDEZ LOPEZ 0 14 14 COLEGIO MONTECRISTO, S.C. 0 4 4 C.B.T.I.S. NO. 167 0 11 11 C.B.T.I.S. NO. 249 0 0 0 CTRO. DE ESTUDIOS TECNICOS MOCTEZUMA 0 12 12 ESCUELA MELANIE KLEIN 0 37 37 INSTITUTO DE DIFUSION TECNICA 6 0 1 1 CTRO. DE ESTUDIOS TECNOLOGICOS ATENAS 0 2 2 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. AQUILES SERDAN 0 0 0 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. TAPIJULAPA 0 0 0 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. TEQUILA 0 0 0 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. COMALCALCO 0 0 0 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. VILLA IGNACIO ALLENDE 0 0 0 COLEGIO DE EST. C. Y TECNO. DEL EDO. DE TAB. P. IGNACIO GUTIERREZ G. 0 0 0 TOTAL 552 1227 1779

TAMAULIPAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE TAMAULIPAS 4921 2245 7166 INSTITUTO TECNOLOGICO DE CD. MADERO, TAMS. (I.T.R.) 94 128 222 INSTITUTO TECNOLOGICO DE NUEVO LAREDO, TAMPS. (I.T.R.) 1 0 1 INSTITUTO TECNOLOGICO DE MATAMOROS, TAMS. (I.T.R.) 1 3 4 UNIVERSIDAD REGIONAL MIGUEL HIDALGO 274 254 528 INSTITUTO DE CIENCIAS Y ESTUDIOS SUPERIORES DE TAMAULIPAS, A.C. 358 548 906 INSTITUTO DE CIENCIAS Y TECNOLOGIA DE TAMPICO 130 0 130 DIRECCION GENERAL DE LA MARINA MERCANTE 9 0 9 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 9 CD. MADERO TAM. 6 28 34 CTRO. DE ESTUDIOS TECNOLOGICOS SALVADOR DIAZ MIRON 119 24 143 I.T.A. NO. 4 2 0 2 UNIVERSIDAD VALLE DEL BRAVO 4 18 22 C.B.T.I.S. NO. 15 (C.E.C.Y.T. NO. 40) 24 757 781 C.E.T.I.S. NO. 22 (CTRO. DE ESTUDIOS TECNOLOGICOS NO. 22) [TAMPICO] 43 456 499 C.B.T.A. NO. 98 (C.E.T.A. NO. 98) L. CARDENAS 2 0 2 C.B.T.I.S. NO. 7 (C.E.C.Y.T. NO. 149) 62 179 241 C.B.T.I.S. NO. 73 (C.E.C.Y.T. NO. 246) 95 80 175 C.B.T.A. NO. 12 (C.E.T.A. NO. 12) 4 15 19

http://www.stanford.edu/~binain/mexico/edoteked.html (22 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 24 (C.E.C.Y.T. NO. 104) 201 298 499 ESCUELA NAUTICA MERCANTE DE [TAMPICO] 154 129 283 UNIVERSIDAD DEL NORESTE 254 95 349 UNIVERSIDAD MIGUEL ANGEL 21 0 21 ESCUELA NORMAL EXPERIMENTAL LIC. EMILIO PORTES GIL 18 32 50 C.B.T.I.S. NO. 98 [XICOTENCATL, TAMPS.] 2 46 48 C.B.T.I.S. NO. 105 (C.E.C.Y.T. NO. 349) 9 86 95 C.B.T.I.S. NO. 103 (C.E.C.Y.T. NO. 347) 18 69 87 C.B.T.A. NO. 117 [TAMAULIPAS] 1 3 4 C.B.T.I.S. NO. 119 (C.E.C.Y.T. NO. 418) 24 272 296 CTRO. DE ESTUDIOS PROFESIONALES DE LAZARO CARDENAS 4 2 6 C.B.T.A. NO. 56 3 15 18 UNIVERSIDAD MEXICO AMERICANA DEL NORTE 12 23 35 INSTITUTO DE COMPUTACION DEL NOROESTE, S.C. 0 3 3 C.B.T.A. NO. 139 FRANCISCO VILLA 2 11 13 CTRO. DE ESTUDIOS TECNOLOGICOS IBEROAMERICANO DE (CD. MANTE, TAMPS.) 24 64 88 UNIVERSIDAD DE MATAMOROS 2 9 11 C.B.T.I.S. NO. 220 0 80 80 C.B.T.A. NO. 55 0 4 4 C.B.T.A. NO. 83 0 11 11 C.B.T.I.S. NO. 125 0 137 137 C.B.T.I.S. NO. 135 0 223 223 C.E.T.I.S. NO. 71 6 56 62 C.E.T.I.S. NO. 78 0 16 16 C.E.T.I.S. NO. 109 0 39 39 C.B.T.I.S. NO. 137 0 37 37 C.E.T.I.S. NO. 130 1 136 137 C.E.T.I.S. NO. 131 0 44 44 C.E.T.I.S. NO. 129 0 28 28 C.B.T.I.S. NO. 219 0 35 35 C.B.T.I.S. NO. 209 0 98 98 C.B.T.I.S. NO. 210 0 5 5 C.B.T.I.S. NO. 208 0 69 69 UNIVERSIDAD PANAMERICANA DE NUEVO LAREDO 1 58 59 C.B.T.I.S. NO. 164 0 29 29 C.B.T.I.S. NO. 189 0 157 157 C.B.T.I.S. NO. 236 0 93 93 C.B.T.I.S. NO. 234 0 3 3 INSTITUTO LICEO FRANCO AMERICANO 0 3 3 INSTITUTO TAMAULIPECO DE CAPACITACION PARA EL EMPLEO, PL. CD. VICTORIA 0 18 18 INSTITUTO TAMAULIPECO DE CAPACITACION PARA EL EMPLEO, PL. REYNOSA 0 0 0 INSTITUTO TAMAULIPECO DE CAPACITACION PARA EL EMPLEO, PL. MATAMOROS 0 1 1 INSTITUTO UNIVERSITARIO METROPOLITANO, S.C. 0 4 4 TOTAL 6906 7276 14182

TLAXCALA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE TLAXCALA 1076 674 1750

http://www.stanford.edu/~binain/mexico/edoteked.html (23 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

INSTITUTO DE ESTUDIOS SUPERIORES DE TLAXCALA 265 6 271 C.B.T.I.S. NO. 61 (C.E.C.Y.T. NO. 231) 15 142 157 C.B.T.I.S. NO. 3 (C.E.C.Y.T. NO. 144) 12 79 91 C.B.T.A. NO. 134 3 0 3 INSTITUTO TECNOLOGICO DE APIZACO, TLAX. (I.T.R.) 3 5 8 C.B.T.A. NO. 162 2 2 4 C.E.T.I.S. NO. 132 0 68 68 C.B.T.I.S. NO. 212 0 251 251 C.B.T.I.S. NO. 154 2 209 211 C.B.T.I.S. NO. 153 0 187 187 C.B.T.I.S. NO. 211 0 14 14 COLEGIO JOSE MARIA LAFRAGUA, A.C. 0 10 10 COLEGIO DE ESTUDIOS CIENTIFICOS Y TECNOLOGICOS DEL EDO. DE TLAXCALA 0 21 21 TOTAL 1378 1668 3046

VERACRUZ INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD VERACRUZANA 3104 2753 5857 INSTITUTO TECNOLOGICO DE ORIZABA, VER. (I.T.R.) 30 23 53 INSTITUTO TECNOLOGICO DE VERACRUZ (I.T.R.) 5 1 6 ESCUELA NAVAL MILITAR ANTON LIZARDO (SECRETARIA DE MARINA) 221 43 264 ESCUELA DE AVIACION NAVAL 3 0 3 ESCUELA NAUTICA MERCANTE FERNANDO SILICEO 828 107 935 INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES "RENE DESCARTES" 0 54 54 INSTITUTO SALVADOR DIAZ MIRON 26 142 168 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 1 ALVARADO VER. 4 83 87 ESCUELA CAMPESINA DE LAS HUASTECAS 2 0 2 CTRO. DE ESTUDIOS TECNICOS MEXICO 159 171 330 CTRO. DE ESTUDIOS TECNOLOGICOS VASCO DE QUIROGA 25 58 83 INSTITUTO ISAAC PTIMAN 0 93 93 CTRO. DE ESTUDIOS TECNOLOGICOS DE ACTIVIDADES SUBACUATICAS EN [VERACRUZ] 0 10 10 C.B.T.I.S. NO. 165 0 54 54 C.B.T.A. NO. 85 (C.E.T.A. NO. 85) 11 6 17 UNIVERSIDAD FEMENINA DE VERACRUZ LLAVE 108 9 117 C.B.T.I.S. NO. 47 1 5 6 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 7 VERACRUZ VER. 96 121 217 INSTITUTO TECNOLOGICO DEL MAR NO. 1 BOCA DEL RIO VER. 17 7 24 C.B.T.I.S. NO. 191 0 79 79 C.B.T.A. NO. 36 (C.E.T.A. NO. 36) 11 7 18 C.B.T.I.S. NO. 13 (C.E.C.Y.T. NO. 36) 119 597 716 C.B.T.I.S. NO. 77 (C.E.C.Y.T. NO. 265) 27 144 171 I.T.A. NO. 18 0 1 1 INSTITUTO TECNOLOGICO DE MINATITLAN, VER. (I.T.R.) 6 0 6 CTRO. DE ESTUDIOS TECNOLOGICOS INDUSTRIAL Y DE SERVICIOS NO. 15 4 1 5 C.B.T.A. NO. 86 (C.E.T.A. NO. 86) 5 34 39 C.B.T.I.S. NO. 55 (C.E.C.Y.T. NO. 221) 2 83 85 C.B.T.I.S. NO. 78 (C.E.C.Y.T. NO. 270) 27 458 485 C.B.T.I.S. NO. 71 (C.E.C.Y.T. NO. 244) 4 40 44

http://www.stanford.edu/~binain/mexico/edoteked.html (24 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.A. NO. 57 (C.E.T.A. NO. 57) 39 6 45 C.B.T.I.S. NO. 48 (C.E.C.Y.T. NO. 208) 7 50 57 C.B.T.I.S. NO. 102 (C.E.C.Y.T. NO. 102) 9 13 22 C.B.T.I.S. NO. 101 (C.E.C.Y.T. NO. 341) 2 0 2 C.B.T.I.S. NO. 30 (C.E.C.Y.T. NO. 162) 40 50 90 C.B.T.I.S. NO. 85 (C.E.C.Y.T. NO. 293) 6 22 28 C.B.T.I.S. NO. 35 (C.E.C.Y.T. NO. 174) 23 68 91 C.B.T.A. NO. 17 1 12 13 C.B.T.I.S. NO. 79 (C.E.C.Y.T. NO. 271) 84 265 349 C.E.T.I.S. NO. 143 0 24 24 C.B.T.A. NO. 99 27 6 33 C.B.T.A. NO. 84 0 1 1 C.E.T.I.S. NO. 111 22 78 100 C.B.T.A. NO. 111 4 0 4 C.E.T.I.S. NO. 47 0 0 0 C.E.T.I.S. NO. 72 1 45 46 C.E.T.I.S. NO. 15 2 70 72 C.B.T.I.S. NO. 207 2 0 2 C.B.T.I.S. NO. 66 3 66 69 C.B.T.I.S. NO. 67 2 101 103 C.B.T.I.S. NO. 70 0 1 1 C.B.T.I.S. NO. 113 1 174 175 C.B.T.I.S. NO. 124 5 23 28 C.B.T.I.S. NO. 142 0 157 157 C.E.T.I.S. NO. 110 0 22 22 C.E.T.I.S. NO. 79 1 21 22 C.E.T.I.S. NO. 133 15 53 68 C.B.T.A. NO. 135 0 10 10 C.B.T.A. NO. 136 0 8 8 C.B.T.A. NO. 163 [LA CHACA, VERACRUZ] 11 8 19 C.B.T.A. NO. 145 0 24 24 C.B.T.A. NO. 164 0 8 8 C.E.T.I.S. NO. 146 0 11 11 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 15 COATZACOALCOS VER. 0 17 17 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 20 TUXPAN VER. 0 54 54 C.E.T.I.S. NO. 134 0 30 30 INSTITUTO JOSE CARDEL 0 98 98 ESCUELA LEONA VICARIO 0 39 39 INSTITUTO TECNICO DE TURISMO CITLALTEPETL 0 59 59 C.B.T.I.S. NO. 192 0 10 10 C.B.T.I.S. NO. 213 0 5 5 C.B.T.I.S. NO. 250 0 1 1 C.E.T.I.S. NO. 145 0 19 19 C.B.T.I.S. NO. 190 0 6 6 CTRO. DE ESTUDIOS TECNOLOGICOS DE TURISMO Y HOTELERIA MIGUEL ALEMAN VALDEZ 0 10 10 C.B.T.I.S. NO. 17 0 3 3 C.E.T.I.S. NO. 144 0 2 2 CENTRO DE BACHILLERATO TECNICO COMERCIAL HIDALGO 0 12 12 INSTITUTO MEXICO DE CARDEL 0 0 0

http://www.stanford.edu/~binain/mexico/edoteked.html (25 of 27) [12/13/1999 4:39:46 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

C.B.T.I.S. NO. 251 0 2 2 TOTAL 5152 6948 12100

YUCATAN INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE MERIDA (I.T.R.) 12 33 45 UNIVERSIDAD AUTONOMA DE YUCATAN 954 155 1109 CENTRO DE ESTUDIOS DE LAS AMERICAS, A.C. 0 6 6 ESCUELA DE TURISMO PERTENECIENTE A LA A.C. DENOM. SN. AGUSTIN, A.C. 0 1 1 C.B.T.A. NO. 13 (C.E.T.A. NO. 13) 33 7 40 C.B.T.I.S. NO. 80 (C.E.C.Y.T. NO. 273) 50 486 536 C.B.T.A. NO. 14 (C.E.T.A. NO. 14) (TIZIMIN) 10 2 12 I.T.A. NO. 2 1 4 5 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 17 YUCALPETEN YUC. 1 8 9 C.B.T.I.S. NO. 95 1 52 53 C.B.T.A. NO. 87 0 2 2 C.B.T.A. NO. 100 0 0 0 C.B.T.I.S. NO. 120 0 38 38 C.E.T.I.S. NO. 19 0 48 48 C.E.T.I.S. NO. 112 0 66 66 C.B.T.A. NO. 165 0 1 1 C.B.T.I.S. NO. 193 0 10 10 CENTRO EDUCATIVO SAN RAFAEL, A. C. 0 33 33 INSTITUTO TECNICO RODOLFO DIESEL MERIDA, YUC. 0 6 6 INSTITUTO DE CIENCIAS HUMANAS 0 33 33 ESCUELA MANUEL ACEVEDO RUIZ DEL HOYO 0 1 1 TOTAL 1062 992 2054

ZACATECAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE ZACATECAS 502 270 772 C.B.T.I.S. NO. 1 (C.E.C.Y.T. NO. 138) 14 202 216 C.B.T.A. NO. 20 (C.E.T.A. NO. 20) (RIO GRANDE, ZAC.) 8 39 47 C.B.T.I.S. NO. 23 (C.E.C.Y.T. NO. 85) 2 118 120 C.B.T.I.S. NO. 104 (C.E.C.Y.T. NO. 348) 24 49 73 C.B.T.A. NO. 88 0 18 18 C.B.T.I.S. NO. 141 0 122 122 C.E.T.I.S. NO. 113 6 250 256 C.E.T.I.S. NO. 114 0 398 398 C.B.T.A. NO. 137 0 2 2 C.B.T.A. NO. 167 0 3 3 C.E.T.I.S. NO. 147 0 95 95 C.B.T.I.S. NO. 215 0 98 98 C.B.T.I.S. NO. 221 0 42 42 TOTAL 556 1706 2262

http://www.stanford.edu/~binain/mexico/edoteked.html (26 of 27) [12/13/1999 4:39:47 PM] TECHNICAL SECONDARY EDUCATION GRADUATES

EXTRANJEROS INSTITUTION 1945-1989 1990-98 TOTAL PROFESIONISTAS MEXICANOS CON ESTUDIOS EN EL EXTRANJERO 23 27 50 PROFESIONISTAS EXTRANJEROS CON ESTUDIOS EN EL EXTRANJERO 8 5 13 ESCUELA DE AVIACION (CONF. ACUERDO 001) E/S/R 0 111 111 TOTAL 31 143 174

* These graduates in the Distrito Federal come from the 439 Conalep schools all over the country

http://www.stanford.edu/~binain/mexico/edoteked.html (27 of 27) [12/13/1999 4:39:47 PM] JUNIOR COLLEGE TECHNICAL PROGRAMS JUNIOR COLLEGE TECHNICAL PROGRAMS

1945-1989 1990-1998 TOTAL NATIONAL 1,503 4,950 6,453 Aguascalientes Coahuila Colima Distrito Federal Guanajuato Hidalgo JaliscoEstado de México Morelos Nuevo León Puebla Querétaro Tabasco Tamaulipas Veracruz AGUASCALIENTES INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DE AGUASCALIENTES 0 860 860 TOTAL 0 860 860 COAHUILA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DEL NORESTE 0 1 1 UNIVERSIDAD TECNOLOGICA DE COAHUILA 0 55 55 TOTAL 0 56 56 COLIMA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE COLIMA 1142 190 1332 ESCUELA PARTICULAR PARA SRITAS. DEL ESTADO 4 0 4 INSTITUTO VASCO DE QUIROGA 194 111 305 C.B.T.I.S. NO. 19 (C.E.C.Y.T. NO. 80) 0 276 276 C.E.T.I.S. NO. 84 0 69 69 C.B.T.I.S. NO. 157 38 134 172 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 12 MANZANILLO COL. 3 37 40 C.B.T.A. NO. 148 1 2 3 C.E.T.I.S. NO. 157 0 25 25 INSTITUTO "LIC. BENITO JUAREZ" 0 2 2 TOTAL 1382 846 2228 DISTRITO FEDERAL INSTITUTION 1945-1989 1990-98 TOTAL CTRO. DE ESTUDIOS SUPERIORES DE SAN ANGEL 0 4 4 TOTAL 0 4 4 GUANAJUATO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DEL NORTE DE GUANAJUATO 0 223 223 UNIVERSIDAD TECNOLOGICA DE LEON 0 161 161 TOTAL 0 384 384 HIDALGO INSTITUTION 1945-1989 1990-98 TOTAL

http://www.stanford.edu/~binain/mexico/edojrcl.html (1 of 2) [12/13/1999 4:39:54 PM] JUNIOR COLLEGE TECHNICAL PROGRAMS

UNIVERSIDAD TECNOLOGICA DE LA HUASTECA HIDALGUENSE 0 0 0 UNIVERSIDAD TECNOLOGICA DEL VALLE DEL MEZQUITAL 0 0 0 UNIVERSIDAD TECNOLOGICA DE TULA TEPEJI HGO. 0 523 523 UNIVERSIDAD TECNOLOGICA DE TULANCINGO 0 0 0 TOTAL 0 523 523 JALISCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE GUADALAJARA 0 498 498 TOTAL 0 498 498 ESTADO DE MÉXICO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DE NEZAHUALCOYOTL 0 869 869 UNIVERSIDAD TECNOLOGICA FIDEL VELAZQUEZ (NICOLAS ROMERO) 0 0 0 TOTAL 0 869 869 MORELOS INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE CUAUTLA (I.T.R.) 0 46 46 TOTAL 0 46 46 NUEVO LEÓN INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE LINARES(ANTES I.T.A. NO. 12 [LINARES] I.T.R) 2 3 5 TOTAL 2 3 5 PUEBLA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DE PUEBLA 0 85 85 TOTAL 0 85 85 QUERETARO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DE QUERETARO 0 5 5 TOTAL 0 5 5 TABASCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD TECNOLOGICA DE TABASCO 0 28 28 TAMAULIPAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE TAMAULIPAS 119 742 861 TOTAL 119 742 861 VERACRUZ INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DEL MAR NO. 1 BOCA DEL RIO VER. 0 1 1 TOTAL 0 1 1

Source: Secretaría de Educación Pública

http://www.stanford.edu/~binain/mexico/edojrcl.html (2 of 2) [12/13/1999 4:39:54 PM] COLLEGE GRADUATES IN TECHNICAL AREAS COLLEGE GRADUATES IN TECHNICAL AREAS*

1945-1989 1990-1998 TOTAL NATIONAL 182,743 189,070 371,813

AguascalientesBaja California Baja California SurCampeche Coahuila ColimaChiapas Chihuahua Distrito Federal Durango Guanajuato Guerrero Hidalgo Jalisco Estado de México Michoacán Morelos Nayarit Nuevo León Oaxaca Puebla Querétaro Quintana Roo San Luis Potosí Sinaloa Sonora Tabasco Tamaulipas Tlaxcala Veracruz Yucatán Zacatecas

AGUASCALIENTES INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE AGUASCALIENTES (I.T.R.) 283 1013 1296 UNIVERSIDAD AUTONOMA DE AGUASCALIENTES 237 864 1101 I.T.A. NO. 20 200 179 379 UNIVERSIDAD BONATERRA 0 30 30 TOTAL 720 2086 2806

BAJA CALIFORNIA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE BAJA CALIFORNIA 572 919 1491 CTRO. DE ENSEÑANZA TECNICA Y SUPERIOR DE MEXICALI 372 450 822 INSTITUTO TECNOLOGICO DE TIJUANA (I.T.R.) 186 885 1071 INSTITUTO TECNOLOGICO DE MEXICALI (I.T.R.) 41 309 350 UNIVERSIDAD IBEROAMERICANA PLANTEL [NOROESTE] 0 14 14 TOTAL 1171 2577 3748

BAJA CALIFORNIA SUR INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE LA PAZ, B.C.S. (I.T.R.) 52 293 345 UNIVERSIDAD AUTONOMA DE BAJA CALIFORNIA SUR 17 95 112 TOTAL 69 388 457

CAMPECHE INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CAMPECHE 117 266 383 UNIVERSIDAD AUTONOMA DEL CARMEN 4 126 130 INSTITUTO TECNOLOGICO DEL MAR NO. 4 CAMPECHE, CAMP. 0 18 18 INSTITUTO TECNOLOGICO DE DE CAMPECHE (I.T.R.) 6 95 101 I.T.A. NO. 5 [EJIDO DE CHINA * MUNICIPIO CAMPECHE] 64 238 302 TOTAL 191 743 934

COAHUILA INSTITUTION 1945-1989 1990-98 TOTAL

http://www.stanford.edu/~binain/mexico/edocoll.html (1 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

UNIVERSIDAD AUTONOMA DE COAHUILA 1551 2990 4541 ESCUELA DE INGENIERIA MECANICA Y ELECTRICA 2 1 3 I.T.E.S.M. CAMPUS LA LAGUNA 224 259 483 INSTITUTO TECNOLOGICO DE SALTILLO (I.T.R.) 418 996 1414 INSTITUTO TECNOLOGICO DE LA LAGUNA, TORREON COAH. (I.T.R.) 1207 1898 3105 INSTITUTO DE ESTUDIOS PROFESIONALES DE SALTILLO, COAH., A.C. 3 2 5 UNIVERSIDAD AUTONOMA DE LA LAGUNA 0 135 135 INSTITUTO UNIVERSITARIO VALLE DE SANTIAGO 0 0 0 FACULTADES UNIVERSITARIAS DE SALTILLO, A.C. 3 0 3 UNIVERSIDAD AUTONOMA AGRARIA ANTONIO NARRO 940 1057 1997 UNIVERSIDAD AUTONOMA DEL NORESTE 86 506 592 I.T.A. NO. 10 400 231 631 INSTITUTO TECNOLOGICO DE PIEDRAS NEGRAS (I.T.R.) 16 141 157 UNIVERSIDAD IBEROAMERICANA PLANTEL [LAGUNA] 0 91 91 CTRO. DE ESTUDIOS UNIVERSITARIOS CD. ACUÑA COAHUILA 0 1 1 ESCUELA SUPERIOR DE AGRICULTURA Y VETERINARIA (SAN BUENAVENTURA) 0 6 6 INSTITUTO TECNOLOGICO DE ESTUDIOS SUPERIORES DE LA REGION CARBONIFERA 0 39 39 CTRO. TECNOLOGICO Y DE EDUCACION SUPERIOR SIERRA MADRE 0 0 0 TOTAL 4850 8353 13203

COLIMA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE COLIMA 175 662 837 INSTITUTO TECNOLOGICO DE COLIMA (I.T.R.) 29 223 252 UNIVERSIDAD AUTONOMA DEL PACIFICO 0 5 5 TOTAL 204 890 1094

CHIAPAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CHIAPAS 177 388 565 INSTITUTO DE CIENCIAS Y ARTES DE CHIAPAS 0 24 24 INSTITUTO TECNOLOGICO DE TUXTLA, GTZ. (I.T.R.) 24 602 626 INSTITUTO TECNOLOGICO DE COMITAN (I.T.A. NO. 31 DE COMITAN, CHIS.) 6 154 160 INSTITUTO DE ESTUDIOS SUPERIORES DE CHIAPAS 0 5 5 INSTITUTO TECNOLOGICO DE TAPACHULA (I.T.R.) 53 236 289 CTRO. REGIONAL DE ENSEÑANZA TECNICA INDUSTRIAL CENETI (SOCONUSCO CHIAPAS) 0 1 1 UNIVERSIDAD VALLE DEL GRIJALVA 0 1 1 UNIVERSIDAD DE CIENCIAS Y ARTES DEL ESTADO DE CHIAPAS 0 2 2 TOTAL 260 1413 1673

CHIHUAHUA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE CHIHUAHUA 1503 1855 3358 ESCUELA SUPERIOR DE AGRICULTURA HERMANOS ESCOBAR 113 126 239 INSTITUTO TECNOLOGICO DE CHIHUAHUA (I.T.R.) 811 2112 2923 INSTITUTO TECNOLOGICO DE CD. JUAREZ (I.T.R.) 169 781 950 UNIVERSIDAD AUTONOMA DE CIUDAD JUAREZ, CHIH. 134 171 305 I.T.E.S.M. CAMPUS CHIHUAHUA 0 23 23 INSTITUTO TECNOLOGICO DE PARRAL (I.T.R.) 20 472 492

http://www.stanford.edu/~binain/mexico/edocoll.html (2 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

I.T.A. NO. 24 58 147 205 INSTITUTO TECNOLOGICO DE CIUDAD DELICIAS CHIH. (I.T.R.) 0 143 143 INSTITUTO TECNOLOGICO DE CHIHUAHUA II (I.T.R.) 5 186 191 INSTITUTO TECNOLOGICO DE CIUDAD CUAUHTEMOC (I.T.R.) 0 122 122 UNIVERSIDAD REGIONAL DEL NORTE 0 3 3 INSTITUTO TECNOLOGICO SUPERIOR DE NUEVO CASAS GRANDES 0 2 2 INSTITUTO TECNOLOGICO DE CD. JIMENEZ (I.T.R.) 0 6 6 TOTAL 2813 6149 8962

DISTRITO FEDERAL INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD NACIONAL AUTONOMA DE MEXICO 27101 12922 40023 INSTITUTO POLITECNICO NACIONAL 46530 24254 70784 UNIVERSIDAD IBEROAMERICANA 2947 2292 5239 UNIVERSIDAD LA SALLE 1297 1921 3218 UNIVERSIDAD DEL VALLE DE MEXICO 103 587 690 UNIVERSIDAD AUTONOMA METROPOLITANA 3912 5209 9121 UNIVERSIDAD TECNOLOGICA DE MEXICO 0 102 102 I.T.E.S.M. CAMPUS CIUDAD DE MEXICO 0 1 1 INSTITUTO TECNOLOGICO AUTONOMO DE MEXICO 49 283 332 ESCUELA DE INGENIERIA MUNICIPAL 768 151 919 UNIVERSIDAD ISEC (INSTITUTO SUPERIOR DE ESTUDIOS COMERCIALES) 0 10 10 SECRETARIA DE LA DEFENSA NACIONAL ESCUELA MILITAR DE INGENIEROS 448 28 476 SECRETARIA DE LA DEFENSA NACIONAL ESCUELA MILITAR DE TRANSMISIONES 211 26 237 CTRO. NACIONAL DE ENSEÑANZA TECNICA INDUSTRIAL 495 0 495 UNIVERSIDAD DEL TEPEYAC 0 15 15 SECRETARIA DE LA DEFENSA NACIONAL COLEGIO MILITAR 519 2 521 INSTITUTO DE CAPACITACION PROFESIONAL JUSTO SIERRA 7 0 7 SECRETARIA DE COMUNICACIONES Y TRANSPORTES 2 2 4 INSTITUTO TECNOLOGICO DE LA CONSTRUCCION 0 86 86 SECRETARIA DE AGRICULTURA Y GANADERIA ESCUELA NACIONAL FORESTAL 64 0 64 CTRO. DE DESARROLLO PROFESIONAL PARA LA EDUCACION AGROPECUARIA 207 16 223 UNIVERSIDAD ANAHUAC DEL SUR 3 144 147 UNIVERSIDAD SIMON BOLIVAR 2 73 75 FACULTAD DE QUIMICA BERZELIUS 3 0 3 UNIVERSIDAD PANAMERICANA 51 461 512 UNIVERSIDAD DEL EJERCITO Y FUERZA AEREA 120 500 620 INSTITUTO SUPERIOR DE ARQUITECTURA 29 65 94 FUNDACION ARTURO ROSENBLUETH PARA EL AVANCE DE LA CIENCIA 0 11 11 TOTAL 84868 49161 134029

DURANGO INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE DURANGO (I.T.R.) 1297 1768 3065 I.T.F. NO. 1 126 143 269 I.T.A. NO. 1 561 603 1164 INSTITUTO SUPERIOR DE CIENCIA Y TECNOLOGIA, A.C. 105 78 183 TOTAL 2089 2592 4681

GUANAJUATO

http://www.stanford.edu/~binain/mexico/edocoll.html (3 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE GUANAJUATO 1943 1278 3221 INSTITUTO TECNOLOGICO DE CELAYA (I.T.R) 740 1749 2489 I.T.E.S.M. CAMPUS LEON 65 198 263 UNIVERSIDAD QUETZALCOATL 1 7 8 UNIVERSIDAD IBEROAMERICANA PLANTEL [LEON, GTO.] 0 135 135 UNIVERSIDAD DEL BAJIO [LEON] 0 86 86 INSTITUTO SUPERIOR DE EDUCACION TECNOLOGICA AGROPECUARIA 0 105 105 INSTITUTO TECNOLOGICO DE LEON (I.T.R.) 47 533 580 UNIVERSIDAD DE CELAYA 0 14 14 INSTITUTO DE ESTUDIOS SUPERIORES DEL CENTRO 0 1 1 TOTAL 2796 4106 6902

GUERRERO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE GUERRERO 204 577 781 INSTITUTO TECNOLOGICO DE ACAPULCO (I.T.R.) 32 665 697 INSTITUTO SUPERIOR AGROPECUARIO AUTONOMO DEL ESTADO 60 184 244 I.T.A. NO. 25 107 215 322 INSTITUTO DE CAPACITACION DEL MAGISTERIO 5 1 6 INSTITUTO TECNOLOGICO DE COSTA GRANDE, GRO. (I.T.R.) 0 7 7 INSTITUTO TECNOLOGICO DE CHILPANCINGO (I.T.R.) 0 61 61 INSTITUTO TECNOLOGICO DE IGUALA (I.T.R.) 0 6 6 INSTITUTO TECNOLOGICO SUPERIOR DE LA COSTA CHICA 0 1 1 TOTAL 408 1717 2125

HIDALGO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE HIDALGO 243 915 1158 INSTITUTO TECNOLOGICO DE PACHUCA (I.T.R.) 207 1149 1356 I.T.A. NO. 6 [HUEJUTLA] 174 358 532 TOTAL 624 2422 3046

JALISCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE GUADALAJARA 5791 5597 11388 UNIVERSIDAD AUTONOMA DE GUADALAJARA 925 2537 3462 INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE OCCIDENTE 545 1280 1825 UNIVERSIDAD DEL VALLE DE ATEMAJAC [PLANTEL GUADALAJARA JAL.] 6 189 195 INSTITUTO TECNOLOGICO DE CD. GUZMAN (I.T.R.) 83 469 552 CTRO. REGIONAL DE ENSEÑANZA TECNICA INDUSTRIAL 10 92 102 ESCUELA LIBRE DE INGENIEROS 37 0 37 UNIVERSIDAD PANAMERICANA DE GUADALAJARA 0 136 136 INSTITUTO TECNOLOGICO DE OCOTLAN (I.T.R.) 0 9 9 I.T.A. NO. 26 35 156 191 UNIVERSIDAD DEL VALLE DE ATEMAJAC (PLANTEL LAGOS) 0 1 1 TOTAL 7432 10466 17898

ESTADO DE MÉXICO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DEL ESTADO DE MEXICO 328 600 928

http://www.stanford.edu/~binain/mexico/edocoll.html (4 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

UNIVERSIDAD AGRICOLA AUTONOMA [CHAPINGO] 3049 4034 7083 I.T.E.S.M. CAMPUS ESTADO DE MEXICO [ATIZAPAN DE ZARAGOZA] 687 1825 2512 INSTITUTO TECNOLOGICO DE TLALNEPANTLA (I.T.R.) 225 583 808 UNIVERSIDAD NUEVO MUNDO 9 34 43 UNIVERSIDAD ANAHUAC 484 546 1030 INSTITUTO TECNOLOGICO DE TOLUCA (I.T.R.) 36 377 413 TECNOLOGICO DE ESTUDIOS SUPERIORES DE ECATEPEC 0 127 127 CTRO. UNIVERSITARIO ISIDRO FABELA 0 2 2 UNIVERSIDAD DE CUAUTITLAN IZCALLI, PLANTEL LAGO DE LOS LIRIOS 0 3 3 TOTAL 4818 8131 12949

MICHOACAN INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD MICHOACANA DE SAN NICOLAS DE HIDALGO 2264 3389 5653 INSTITUTO TECNOLOGICO DE MORELIA (I.T.R) 297 915 1212 I.T.A. NO. 7 687 918 1605 INSTITUTO TECNOLOGICO DE JIQUILPAN (I.T.R.) 13 121 134 INSTITUTO TECNOLOGICO DE LAZARO CARDENAS, MICH. (I.T.R.) 0 30 30 INSTITUTO TECNOLOGICO DE LA PIEDAD (I.T.R.) 0 29 29 INSTITUTO TECNOLOGICO DE ZITACUARO (I.T.R.) 0 0 0 UNIVERSIDAD DEL VALLE DE ATEMAJAC (PLANTEL LA PIEDAD) 0 1 1 INSTITUTO TECNOLOGICO DE ESTUDIOS SUPERIORES DE ZAMORA 0 0 0 UNIVERSIDAD LATINA DE AMERICA 0 2 2 INSTITUTO TECNOLOGICO SUPERIOR DE APATZINGAN 0 0 0 CENTRO UNIVERSITARIO DEL VALLE DE ZACAPU 0 3 3 TOTAL 3261 5408 8669

MORELOS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DEL ESTADO DE MORELOS 172 543 715 INSTITUTO TECNOLOGICO DE ZACATEPEC (I.T.R.) 155 654 809 I.T.A. NO. 9 157 260 417 I.T.E.S.M. CAMPUS MORELOS 53 114 167 UNIVERSIDAD DEL SOL, S. C. 0 12 12 TOTAL 537 1583 2120

NAYARIT INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE NAYARIT 147 522 669 INSTITUTO TECNOLOGICO DE TEPIC (I.T.R.) 128 649 777 I.T.A. NO. 27 15 103 118 TOTAL 290 1274 1564

NUEVO LEÓN INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE NUEVO LEON 14532 9195 23727 INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE MONTERREY 11835 12998 24833 UNIVERSIDAD DE MONTERREY 444 479 923 UNIVERSIDAD REGIOMONTANA 1137 909 2046 CTRO. UNIVERSITARIO MEXICO-VALLE 0 1 1 CTRO. DE ESTUDIOS UNIVERSITARIOS DE (MONTERREY) 1206 445 1651

http://www.stanford.edu/~binain/mexico/edocoll.html (5 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

UNIVERSITARIO DE AMERICA CENTRO DE EDUCACION SUPERIOR PARTICULAR 0 11 11 INSTITUTO TECNOLOGICO DE LINARES(ANTES I.T.A. NO. 12 [LINARES] I.T.R) 59 147 206 UNIVERSIDAD MEXICANA DEL NORESTE 69 126 195 UNIVERSIDAD DE MONTEMORELOS 0 13 13 INSTITUTO TECNOLOGICO DE NUEVO LEON (I.T.R.) 8 192 200 UNIVERSIDAD DEL NORTE 76 288 364 CTRO. DE IDIOMAS EXTRANJEROS Y DE ENSEÑANZA SUPERIOR UNIVERSIDAD INTER 0 1 1 UNIVERSIDAD HISPANO AMERICANA 0 12 12 TOTAL 29366 24817 54183

OAXACA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA BENITO JUAREZ DE OAXACA 2 0 2 INSTITUTO TECNOLOGICO DE OAXACA (I.T.R.) 628 972 1600 INSTITUTO TECNOLOGICO DE PINOTEPA NACIONAL (I.T.A. NO. 13 [PINOTEPA NAL., OAX.]) 17 28 45 I.T.A. NO. 3 [TUXTEPEC] 346 209 555 INSTITUTO TECNOLOGICO DE COMITANCILLO (I.T.A. NO. 8) 155 130 285 INSTITUTO TECNOLOGICO DE TUXTEPEC (I.T.R.) 48 310 358 UNIVERSIDAD REGIONAL DEL SURESTE 5 0 5 INSTITUTO TECNOLOGICO DEL ISTMO (I.T.R) 154 484 638 I.T.A. NO. 23 [NAZARENO XOXOCOTLAN] 9 188 197 I.T.A. NO. 13 DE [SAN JOSE ESTANCIA GRANDE, OAX.] 11 37 48 INSTITUTO TECNOLOGICO DE TLAXIACO (I.T.R.) 0 7 7 UNIVERSIDAD TECNOLOGICA DE LA MIXTECA 0 6 6 TOTAL 1375 2371 3746

PUEBLA INSTITUTION 1945-1989 1990-98 TOTAL BENEMERITA UNIVERSIDAD AUTONOMA DE PUEBLA 2389 3023 5412 UNIVERSIDAD POPULAR AUTONOMA DE PUEBLA 270 639 909 INSTITUTO TECNOLOGICO DE PUEBLA (I.T.R.) 263 827 1090 FUNDACION UNIVERSIDAD DE LAS AMERICAS PUEBLA 662 1648 2310 UNIVERSIDAD DE LA SIERRA, A.C. 0 37 37 UNIVERSIDAD CUAUHTEMOC 8 88 96 UNIVERSIDAD XICOTEPETL, A.C. 0 3 3 INSTITUTO TECNOLOGICO DE TEHUACAN (I.T.R.) 27 295 322 I.T.A. NO. 32 5 46 51 UNIVERSIDAD IBEROAMERICANA PLANTEL GOLFO CENTRO 0 89 89 UNIVERSIDAD INTERAMERICANA, A. C. 0 14 14 CTRO. DE DESARROLLO PROFESIONAL DIVISION UNIVERSITARIA, A.C. 0 15 15 UNIVERSIDAD REALISTICA DE MEXICO 0 4 4 INSTITUTO UNIVERSITARIO PUEBLA 0 0 0 INSTITUTO TECNOLOGICO SUPERIOR DE LA SIERRA NORTE DE PUEBLA 0 0 0 TOTAL 3624 6728 10352

QUERETARO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE QUERETARO 678 444 1122 INSTITUTO TECNOLOGICO DE QUERETARO (I.T.R.) 866 1443 2309

http://www.stanford.edu/~binain/mexico/edocoll.html (6 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

I.T.E.S.M. CAMPUS QUERETARO 660 918 1578 INSTITUTO TECNOLOGICO DE SAN JUAN DEL RIO, QRO. (I.T.R.) 0 59 59 TOTAL 2204 2864 5068

QUINTANA ROO INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE CANCUN, Q. ROO (I.T.R.) 0 15 15 INSTITUTO TECNOLOGICO DE CHETUMAL (I.T.R.) 34 111 145 I.T.A. NO. 16 [CHETUMAL] 85 173 258 UNIVERSIDAD DE QUINTANA ROO 0 0 0 TOTAL 119 299 418

SAN LUIS POTOSI INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE SAN LUIS POTOSI 4014 2121 6135 UNIVERSIDAD DEL CENTRO DE MEXICO PARTICULAR 0 32 32 INSTITUTO TECNOLOGICO DE MATEHUALA (I.T.R.) 0 25 25 INSTITUTO TECNOLOGICO DE SAN LUIS POTOSI (I.T.R.) 126 1438 1564 I.T.E.S.M. CAMPUS SAN LUIS POTOSI 18 115 133 CTRO. REGIONAL DE EDUCACION NORMAL CEDRAL 0 1 1 INSTITUTO TECNOLOGICO DE CD. VALLES [I.T.A NO 22 DE CD. VALLES I.T.R] 135 244 379 I.T.A. NO. 30 2 27 29 TOTAL 4295 4003 8298

SINALOA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE SINALOA 2477 2792 5269 INSTITUTO TECNOLOGICO DE CULIACAN (I.T.R.) 416 1001 1417 UNIVERSIDAD DE OCCIDENTE 18 88 106 SECRETARIA DE MARINA ESCUELA NAVAL MILITAR [MAZATLAN] 115 1 116 UNIVERSIDAD DE MAZATLAN 0 12 12 INSTITUTO TECNOLOGICO DE LOS MOCHIS, SIN. (I.T.R.) 66 283 349 ESCUELA NAUTICA MERCANTE DE MAZATLAN CAP. DE ALT. ANTONIO GOMEZ M. 91 26 117 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 8 MAZATLAN SIN. 0 7 7 I.T.E.S.M. CAMPUS SINALOA 1 70 71 INSTITUTO TECNOLOGICO DEL MAR NO. 2 MAZATLAN SIN. 0 217 217 TOTAL 3184 4497 7681

SONORA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD DE SONORA 987 1315 2302 INSTITUTO TECNOLOGICO DE SONORA 517 827 1344 I.T.E.S.M. CAMPUS SONORA 869 601 1470 CTRO. DE ESTUDIOS SUPERIORES DE SONORA 0 41 41 INSTITUTO TECNOLOGICO DEL MAR NO. 3 GUAYMAS. SON. 0 97 97 INSTITUTO TECNOLOGICO DE HUATABAMPO, SON. (I.T.R.) 0 60 60 INSTITUTO TECNOLOGICO DE NOGALES, SON. (I.T.R.) 34 323 357 INSTITUTO TECNOLOGICO DE HERMOSILLO, SON. (I.T.R.) 28 789 817 I.T.A. NO. 21 201 251 452 UNIVERSIDAD DEL NOROESTE 0 12 12 INSTITUTO TECNOLOGICO SUPERIOR DE CANANEA 0 0 0

http://www.stanford.edu/~binain/mexico/edocoll.html (7 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

UNIVERSIDAD LA SALLE NOROESTE 0 4 4 INSTITUTO TECNOLOGICO DE AGUA PRIETA (I.T.R.) 0 1 1 TOTAL 2636 4321 6957

TABASCO INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD JUAREZ AUTONOMA DE TABASCO 363 1402 1765 COLEGIO SUPERIOR DE AGRICULTURA TROPICAL (CARDENAS) 74 90 164 INSTITUTO TECNOLOGICO DE VILLAHERMOSA, TAB. (I.T.R.) 107 824 931 COLEGIO SUPERIOR DE AGRICULTURA TROPICAL 4 26 30 I.T.A. NO. 28 21 171 192 TOTAL 569 2513 3082

TAMAULIPAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE TAMAULIPAS 3863 2719 6582 INSTITUTO TECNOLOGICO DE CD. MADERO, TAMS. (I.T.R.) 3288 3565 6853 INSTITUTO TECNOLOGICO DE NUEVO LAREDO, TAMPS. (I.T.R.) 281 1066 1347 INSTITUTO TECNOLOGICO DE MATAMOROS, TAMS. (I.T.R.) 115 447 562 CTRO. UNIVERSITARIO DEL NORESTE 4 4 8 INSTITUTO MANTENSE DE ESTUDIOS PROFESIONALES 4 2 6 INSTITUTO DE CIENCIAS Y ESTUDIOS SUPERIORES DE TAMAULIPAS, A.C. 2 31 33 I.T.E.S.M. CAMPUS TAMPICO 17 82 99 INSTITUTO DE CIENCIAS Y TECNOLOGIA DE TAMPICO 104 0 104 I.T.A. NO. 4 251 210 461 UNIVERSIDAD VALLE DEL BRAVO 233 561 794 ESCUELA NAUTICA MERCANTE DE [TAMPICO] 102 30 132 INSTITUTO TECNOLOGICO DE CIUDAD VICTORIA (I.T.R.) 220 916 1136 INSTITUTO DE ESTUDIOS SUPERIORES DE TAMAULIPAS, A.C. 47 338 385 UNIVERSIDAD DEL NORESTE 0 1 1 UNIVERSIDAD MEXICO AMERICANA DEL NORTE 18 132 150 INSTITUTO DE COMPUTACION DEL NORESTE EN MATAMOROS, A.C. 0 78 78 INSTITUTO DE COMPUTACION DEL NOROESTE, S.C. 0 112 112 UNIVERSIDAD DE MATAMOROS 1 8 9 INSTITUTO TECNOLOGICO DE REYNOSA, TAMPS. (I.T.R.) 0 91 91 UNIVERSIDAD PANAMERICANA DE NUEVO LAREDO 0 2 2 UNIVERSIDAD DEL ATLANTICO 0 21 21 TOTAL 8550 10416 18966

TLAXCALA INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE TLAXCALA 15 107 122 I.T.A. NO. 29 DE [XOCOYUCAN, TLAX.] 100 723 823 INSTITUTO TECNOLOGICO DE APIZACO, TLAX. (I.T.R.) 59 253 312 TOTAL 174 1083 1257

VERACRUZ INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD VERACRUZANA 2014 3778 5792 INSTITUTO TECNOLOGICO DE ORIZABA, VER. (I.T.R.) 613 1693 2306 INSTITUTO TECNOLOGICO DE VERACRUZ (I.T.R.) 1027 1798 2825

http://www.stanford.edu/~binain/mexico/edocoll.html (8 of 9) [12/13/1999 4:40:12 PM] COLLEGE GRADUATES IN TECHNICAL AREAS

ESCUELA NAVAL MILITAR ANTON LIZARDO (SECRETARIA DE MARINA) 1217 1654 2871 UNIVERSIDAD VILLA RICA DE VERACRUZ 0 4 4 ESCUELA NAUTICA MERCANTE FERNANDO SILICEO 344 35 379 INSTITUTO TECNOLOGICO DE CERRO AZUL, VER. (I.T.R.) 1 203 204 UNIVERSIDAD CRISTOBAL COLON 0 55 55 CTRO. DE ESTUDIOS TECNOLOGICOS DEL MAR NO. 7 VERACRUZ VER. 10 3 13 INSTITUTO TECNOLOGICO DEL MAR NO. 1 BOCA DEL RIO VER. 155 318 473 I.T.A. NO. 18 271 376 647 INSTITUTO TECNOLOGICO DE MINATITLAN, VER. (I.T.R.) 174 1096 1270 INSTITUTO TECNOLOGICO DE PESCA 2 0 2 UNIVERSIDAD DEL VALLE DE ORIZABA ANTES(INST. DE EST. SUP. VALLE DE ORIZABA) 0 11 11 INSTITUTO DE ESTUDIOS SUPERIORES DE POZA RICA 0 3 3 TOTAL 5828 11027 16855

YUCATAN INSTITUTION 1945-1989 1990-98 TOTAL INSTITUTO TECNOLOGICO DE MERIDA (I.T.R.) 669 1565 2234 UNIVERSIDAD AUTONOMA DE YUCATAN 1050 576 1626 I.T.A. NO. 2 165 525 690 I.T.A. NO. 19 [TIZIMIN] 53 178 231 TOTAL 1937 2844 4781

ZACATECAS INSTITUTION 1945-1989 1990-98 TOTAL UNIVERSIDAD AUTONOMA DE ZACATECAS 1445 1474 2919 UNIVERSIDAD AUTONOMA DE FRESNILLO 0 20 20 INSTITUTO TECNOLOGICO DE ZACATECAS (I.T.R.) 36 319 355 I.T.E.S.M. CAMPUS ZACATECAS 0 15 15 TOTAL 1481 1828 3309 EXTRANJEROS INSTITUTION 1945-1989 1990-98 TOTAL PROFESIONISTAS MEXICANOS CON ESTUDIOS EN EL EXTRANJERO 84 67 151 PROFESIONISTAS EXTRANJEROS CON ESTUDIOS EN EL EXTRANJERO 13 27 40 TOTAL 97 94 191

* Includes only those graduates who are registered in SEP

Source: Secretaría de Educación Pública

http://www.stanford.edu/~binain/mexico/edocoll.html (9 of 9) [12/13/1999 4:40:12 PM] Higher Education Enrollments in Technical Areas (thousands) Mexican Higher Education Enrollments in Technical Areas (thousands)

ObjetoGráfico Chart 1

http://www.stanford.edu/~binain/mexico/hgedengp.html [12/13/1999 4:40:18 PM] Nature Of Internet Access Nature Of Internet Access

Internet user demographics in Mexico are no different than other Latin American countries. For example, the typical user is a university graduate between that ages of 21 and 40. Further, the concentration of income in the upper classes and the relatively low per capita wages for the remainder of the population put the average Mexican at a disadvantage in terms of Internet access. The distribution of income in Mexico and Latin America is a major issue leading to the slow adoption of the Internet to date and these same issues pose a threat to future Internet and ecommerce development.

Comparing Mexican demographics to those of other LAC countries shows why Mexico has lagged its regional counterparts when many would expect it to be leading Internet development, given its proximity to the US and US impact on Mexican business. Mexico has the second largest population in Latin America and other than Brazil it is the only country who could capitalize on the economy of scale benefits of ecommerce for the domestic market, however, it only has 50 retail sites, according to BCG. Other LAC countries have to go after the pan regional business model to achieve these benefits, which means penetrating foreign markets.

http://www.stanford.edu/~binain/mexico/access.html (1 of 5) [12/13/1999 4:41:01 PM] Nature Of Internet Access

The distribution of income is another factor has and will continue to hamper the growth of the Internet in Latin America. Mexico has a smaller percentage of its population in the A class and a disproportionate percentage of the population in the D class relative to other LAC nations. Further the population of A class (1.6%) had 71% of the purchasing power in 1998 while the B,C and D classes earned 19%, 8% and 2%, respectively. Couple the income inequalities with the high price of access discussed above and the main population of Mexico is priced out of the market at this point. In the case of Mexico almost 90% of the population can not afford and Internet connection.

http://www.stanford.edu/~binain/mexico/access.html (2 of 5) [12/13/1999 4:41:01 PM] Nature Of Internet Access

Although the expense the expense of the Internet makes access prohibitive. Many of those who could not normally afford the service are exposed to the Internet through work or school. In terms of the work place, IDC completed a study in 1997 where it concluded that 73% of larger Mexican corporations had a web site and 100% intended to have one by the end of this year. Further, many of these countries also provided employees access to an intranet site and 10% of such companies planned to offer some sort of ecommerce solution. Though this survey only captures major Mexican corporations, it does shed light on the trend that more and more employees are able to access the Internet through work and that companies are adopting a more technology oriented infrastructure. For example, the overall IT services market in Latin America grew by a healthy 14.8% between 1997-1998 to reach U.S. $8.45 billion and IDC estimates, this market will grow to over $13.9 billion by 2002. The most significant area of growth is in systems integration which is expected to grow from US$1.3 billion in 1998 to US$2.6 billion in 2002.

Though access has been growing rapidly in the work place, Internet proliferation is still at low levels within corporate Mexico, particularly when considering small and medium sized businesses. Further, those companies that have adopted an web and Internet based technology are frequently manufacturing intensive, which means that only those that work in the corporate headquarters have access to the

http://www.stanford.edu/~binain/mexico/access.html (3 of 5) [12/13/1999 4:41:01 PM] Nature Of Internet Access Internet. These also happen to be the same wealthy and highly educated people that have already been exposed to technology. Besides improving access in the workplace, schools are a major source of exposure to the Internet. Primary Schools The ILCE is also performing a pilot program in primary and junior high schools to provide computers, a telephone line and Internet access for students. In each school, two teachers are trained to become tutors for the rest of teachers and of course for the students. According to the ILCE, the project will reach 500 schools by the end of 1999. The whole description of the project is in redescolar.ilce.edu.mx. Secondary Schools Technical training is provided in several high schools, where in addition to a diploma to pursue higher education, students can obtain a diploma certifying a strong emphasis in a specific area as well. 2.84 million students are enrolled in high schools in Mexico, and 42 per cent of them are in this "double track" system. Different institutions offer this kind of diploma (graduates are called "profesionales técnicos"). The oldest institution is the Dirección General de Educación Tecnológica Industrial (DGETI) operates 428 schools. Most of the schools have programs related to information technology. Additionally, most states have systems similar to DGETI’s, called Centros de Estudios Científicos y Tecnológicos (CECyT). There are 234 of these schools. Universities People with access to universities is an important source of access to the Internet in Mexico. The number of people with college degrees increased 50 per cent between 1991 and 1997, to reach 4.5 million. Today, about 1.9 million students are enrolled in colleges all over the country, and this number is growing at a rate of 7 per cent a year. Out of them, 488.6 thousand are enrolled in technology-related programs: this number represents 45 per cent more than those enrolled 10 years ago (see growth graph). It is important to point out that only a fraction of these students are specializing in computer related areas. However, the growth in the number of graduates from technology related programs in four year colleges is impressive: in the last decade there have been more graduates in these areas (189,070) than in the previous 45 years (182,743). An important note is that these numbers are clearly underestimated since they report only "certified" engineers. Technical Schools/Training Centers Another system that has an orientation to technical education is the Colegio Nacional de Educación Profesional Técnica (Conalep). A centralized institution until 1998, the 439 schools of this system —with 242 thousand students- now operate under every state’s authority. Like in the case of DGETI, most schools have information technology oriented programs. The Ministry of Public Education also has 198 schools all over the country intended to provide short term training programs, almost all of them offering training in computer operation. This programs do not require but basic literacy skills to be admitted and courses can be given to specific groups under request.

http://www.stanford.edu/~binain/mexico/access.html (4 of 5) [12/13/1999 4:41:01 PM] Nature Of Internet Access The location and specific programs in every Centro de Capacitación Tecnológica Industrial (Cecati, as they are called) can be found at http://www.sep.gob.mx/ubicaci_n_de_los_planteles.html

http://www.stanford.edu/~binain/mexico/access.html (5 of 5) [12/13/1999 4:41:01 PM] Domestic Capital Domestic Sources of Capital: Few local investors to provide funding for entrepreneurs.

At present, there are very few sources of local capital willing to bet on entrepreneurs in the early adopter phase of Internet development in Mexico mainly because these investors do not understand the investment model for Internet companies, the technology or the valuations. Further, because of Mexico’s institutional investor base is very immature and there is lack of capital markets instruments available to the private sector, few if any of these dollars finance start up companies. What pension funds do exist, for example, are generally very conservative in terms investment vehicles and in many cases are legally constrained from taking direct positions in private companies. Further, the return requirements for institutional investors tend to promote a homogenous asset base. Capital market instruments are also completely inaccessible for Mexican start-ups as the market for IPOs has about dried up because of the economic difficulties and the equities market lacks the infrastructure to develop a U.S. type IPO model for technology and Internet opportunities. The situation is likely to continue in the near future because because savings rates are low as a result of continued trade deficits and the pension system continues to be underdeveloped, which further reduce the sources of institutional capital.

Trade Surplus (Deficit) Current Account Surplus (Deficit) 1996 1997 1998 1996 1997 1998

LAC 7,959 31,650 50,405 36,659 63,669 83,905 Argentina 873 5,581 7,200 3,787 9,454 12,200 Brazil 47,586 19,569 15,750 24,347 33,484 32,450 Chile 1,448 1,11 3,505 3,744 4,058 5,163 Mexico 6,841 408 8,200 2,380 7,449 15,503

http://www.stanford.edu/~binain/mexico/capital.html (1 of 4) [12/13/1999 4:41:37 PM] Domestic Capital

However, Mexico is beginning to see the emergence of private equity funds that pool resources from local investors, however, much of this capital funds later stage companies outside of the telecommunications sector. At this point the majority of dollars spent on either the Internet infrastructure or Internet businesses comes from large Mexican corporations in the telecom and media space, such as Telmex, Avantel or TV Azteca (Todito.com). Foreign Private Equity

Since the beginning of 1999 the Internet in Latin America has become a hotbed for international investing, which has drawn a significant amount of attention to the ecommerce opportunities in the region. Internet companies based both locally and outside of the region focusing on Latin America are getting financing at aggressive valuations as early investors want to capitalize on this potential. New businesses are springing up in everything from Internet portals, to on-line trading, to virtual malls over the Web with Latin America as the target market for these ideas. Private equity funds in the U.S. that focus on Latin America are leading the way with such high profile investments as StarMedia, El Sitio, and Patagon.com in an attempt to realize the types of returns their U.S. private equity counterparts have in North American Internet investments. As recently as this past July, Explorador Capital, a Latin American private equity investor, launched a $15 million fund specifically focusing on Internet investments in Latin America, the first of its kind. Potential strategic partners for these companies are also beginning to pay attention to the region. These partners are evaluating investments in and acquisitions of solid Internet businesses. For example Telefonica de España invested in Ole!, a Spanish language portal, AOL Latin America has exchanged equity stakes with and Big Entertainment, a developer of a movie web site, Sony Entertainment has invested in Yupi.com, Thomson Financial Services acquired Porvenir and Euromoney purchased an 80% stake in Internet Securities. StarMedia has also moved aggressively into the acquisition mode by acquiring Cade?, Zeek!, Servicios Interactivos and Latin Red in an attempt to begin to offer more local content in each of the countries in which it operates.

http://www.stanford.edu/~binain/mexico/capital.html (2 of 4) [12/13/1999 4:41:37 PM] Domestic Capital

Key Trends in Private Equity and Latin America

● Total US funds directed at Latin America have grown substantially. ● Since 1996 over $9 billion in private equity has been directed at the region and funds have raised over $9.2 billion with over $800 million going to Mexico. ● 1998 was a record year in terms of the number of funds raising capital that are focused on Latin America. 16 funds raised a total of $3.6 billion.

http://www.stanford.edu/~binain/mexico/capital.html (3 of 4) [12/13/1999 4:41:37 PM] Domestic Capital

However there is a disconnect between entrepreneurs and sources of U.S. financing

● Besides a shortage of local investment capital, technology and Internet opportunities in Latin America have not attracted the attention of foreign financial or strategic investors until very recently. ● These new ventures and sources of foreign funding have difficulty finding each other. ● Many Internet start-ups in Latin America do not understand how to package themselves to attract foreign capital. ● Few entrepreneurs have formal business plans ● Many do not understand the financial forecasting process ● Many do not realize the importance building out an infrastructure and management team had on the investment decision process. ● Most of these firms do not know where to obtain this type of advice ● Those that do obtain venture capital advice hired consultants who understood the U.S. financing model and who helped them prepare solid business plans and management for the marketing process. ● Many of the companies receiving financing are based in the U.S. (Silicon Barrio in Miami) and have Latin America as their target market

http://www.stanford.edu/~binain/mexico/capital.html (4 of 4) [12/13/1999 4:41:37 PM] Private Sector This section attempts to make sense of the role of the private sector in Internet development in Mexico and much of Latin America. Essentially, this portion is a compilation of many other points made throughout this site. At this time there are five main ways in which Mexico’s private sector can spur Internet development. Internet Infrastructure

The telcos in Mexico are responsible for the buildout of the Internet infrastructure. Telmex has already realized the value in promoting the Internet and its position in profiting from Internet development in Mexico, which is why it began offering computers on credit to those who sign up for Internet service. Mexico has over 240 ISPs all working to profit from Internet development. These ISPs are attempting to differentiate themselves through high speed access services, web hosting services and virtual private network services. This bundling of telecommunications services to create an end-to-end networking platform will create exploitable niches for those able to offer a full range of services. Ecommerce Development

The development of local content will give reasons for consumers get connected to the Web and will help spur development. Internet start ups (either B2b or B2C), large retailers and companies who can take advantage of B2B solutions will help create the content and the pull through demand effect to bring people online. Foreign firms have a role to play also, they bring ecommerce experience, particularly in the B2B space to Mexico, and many foreign companies have developed content through pan regional web sites. Further content develop, most of which will be ecommerce oriented to capitalize on profit making Internet opportunities, is key to continued Internet user growth. Sources of Capital

Domestic Investors. At present, there are very few sources of local capital willing to bet on entrepreneurs in the early adopter phase of Internet development in Mexico mainly because these investors do not understand the investment model for Internet companies, the technology or the valuations. Commercial banks do not have the ability to invest in risky ventures such as this due to lending regulations, which attempt to build stability into the financial structure of Mexico and avoid further economic crises. Couple the conservative lending policies with the recent emerging markets economic crisis and the credit crunch becomes even more pronounced. Further, because of Mexico’s institutional investor base is very immature and there is lack of capital markets instruments available to the private sector, few if any of these dollars finance start up companies. What pension funds do exist, for example, are generally very conservative in terms investment vehicles and in many cases are legally constrained from taking direct positions in private companies. Capital market instruments are also completely inaccessible for Mexican start-ups as the market for IPOs has about dried up because of the economic difficulties and the equities market lacks the infrastructure to develop a U.S. type IPO model for technology and Internet opportunities. The situation is likely to continue in the near future because savings rates are low as a result of continued trade deficits and the pension system continues to be underdeveloped, which further reduce the sources of institutional capital

http://www.stanford.edu/~binain/mexico/private.html (1 of 3) [12/13/1999 4:41:38 PM] Private Sector At this point the majority of dollars spent on either the Internet infrastructure or Internet businesses comes from large Mexican corporations in the telecom and media space, such as Telmex, Avantel or TV Azteca (Todito.com). Foreign investors. Since the beginning of 1999 the Internet in Latin America has become a hotbed for international investing, which has drawn a significant amount of attention to the ecommerce opportunities in the region. Internet companies based both locally and outside of the region focusing on Latin America are getting financing at aggressive valuations as early investors want to capitalize on this potential. Private equity funds in the U.S. that focus on Latin America are leading the way with such high profile investments as StarMedia, El Sitio, and Patagon.com in an attempt to realize the types of returns their U.S. private equity counterparts have in North American Internet investments. Potential strategic partners (foreign corporations) for these companies are also beginning to pay attention to the region. For example Telefonica de España invested in Ole!, a Spanish language portal, AOL Latin America has exchanged equity stakes with and Big Entertainment, a developer of a movie web site, Sony Entertainment has invested in Yupi.com, Thomson Financial Services acquired Porvenir and Euromoney purchased an 80% stake in Internet Securities. StarMedia has also moved aggressively into the acquisition mode by acquiring Cade?, Zeek!, Servicios Interactivos and Latin Red in an attempt to begin to offer more local content in each of the countries in which it operates. Education

Systems integrators and service providers. All of these players are working hard to keep E-commerce in the media in an effort to promote awareness and educate both businesses and consumers about the benefits of the Internet and Web commerce. As a result, service providers and integrators need to work on changing the culture of their customers with regards to IT and customer service. Additionally, because many of these executives are not IT savvy, they view the start up costs for an E-commerce site to be very prohibitive. Teaching executives to look past the initial start up fees, which can run anywhere from $10,000 for the most simple equipment plus the cost of establishing a dedicated line to a service provider and the cost of the monthly web hosting service is the most difficult part of the process at this point. Few companies feel using the Web as a new distribution channel is worth the effort. Finally, Telmex, with its computer credit program is helping to get the Internet into the consumer sector to create even more demand for content by businesses. Corporations. In terms of the work place, IDC completed a study in 1997 where it concluded that 73% of larger Mexican corporations had a web site and 100% intended to have one by the end of this year. Further, many of these countries also provided employees access to an intranet site and 10% of such companies planned to offer some sort of ecommerce solution. Though this survey only captures major Mexican corporations, it does shed light on the trend that more and more employees are able to access the Internet through work and that companies are adopting a more technology oriented infrastructure. For example, the overall IT services market in Latin America grew by a healthy 14.8% between 1997-1998 to reach U.S. $8.45 billion and IDC estimates, this market will grow to over $13.9 billion by 2002. The most significant area of growth is in systems integration which is expected to grow from US$1.3 billion in 1998 to US$2.6 billion in 2002. Though access has been growing rapidly in the work place, Internet proliferation is still at low levels within corporate Mexico, particularly when considering small and medium sized businesses. Further,

http://www.stanford.edu/~binain/mexico/private.html (2 of 3) [12/13/1999 4:41:38 PM] Private Sector those companies that have adopted an web and Internet based technology are frequently manufacturing intensive, which means that only those that work in the corporate headquarters have access to the Internet. These also happen to be the same wealthy and highly educated people that have already been exposed to technology. Influencing government policies:

ABM (an association of private banks) is has proposed language that addresses the electronic transactions to make sure that the government incorporates their business concerns with any legislation Telmex and other service providers work closely with COFETEL to make telecom services in Mexico more competitive thus lowering pricing. They can also effect many other policies set by COFETEL all with Internet impact Back to the Overview

http://www.stanford.edu/~binain/mexico/private.html (3 of 3) [12/13/1999 4:41:38 PM] Regulations Effecting the Mexican Internet Market Regulations Effecting the Mexican Internet Market

In terms of governmental leadership in E-commerce, there has been very little. Many analysts attribute this to the government’s preoccupation with Y2K and preparing its own systems infrastructure for the millenium. Additionally, many Internet and E-commerce issues are international in nature and the Mexican government has adopted a wait and see attitude with regard to establishing rules which address international jurisdiction, taxation, and consumer protection issues as well as defining which acts constitute a binding contract between two parties. Finally, establishing regulations for technology and the Internet can be very overwhelming projects for policy makers not well versed in the industry. Couple the huge task with the fact that the Internet proliferation in Mexico is in its infancy and it is easy to see why the government has not been aggressive about setting policies At this point, there are few regulations that impact the Internet in Mexico or Latin America in general, however, there is important potential activity going on in four key areas. First, the Mexican government is expected to pass an ecommerce law before the end of 1999. Second, COFETEL, the Mexican telecommunications regulator, has taken a hands-off approach to the Internet. However, there are hints that the government will intervene if Telmex, the leading Mexican telecommunications service provider and ISP, establishes a dominant market position similar to the ones its has in the local, long distance, interconnection and transport services markets. Should Telmex continue to dominate the Internet, COFETEL may step in to prevent anti-competitive practices. Third, COFETEL has also chosen to limit the annual rate increases Telmex is allowed. This means that local access charges, the most expensive component of Internet pricing in Latin America will continue to fall. Finally, NAFTA has a large impact on Mexican Internet regulation, arguably the most important because as a treaty, it supercedes domestic law, and these laws are highly influenced by the U.S. I. Mexico to Approve Ecommerce Law in 1999

Electronic transactions in Mexico started with the implementation of NAFTA, which encouraged Mexican businesses to increase domestic and international efficiency and competitiveness. However, because of the high prices for the installation and development of electronic systems, the adoption of these practices is in the early stages for small and medium sized Mexican companies. Currently, the online payment of transactions among businesses is not allowed. Invoices and signatures need to be paper based according to Treasury Ministry regulations. As a result, the EDI system is only being used for coordination between the purchasing operations of a company and its suppliers in non-payment B2B transactions and customs clearing. At this time a little over 3,000 companies are carrying out their non-payment transactions through Electronic Data Interchange (EDI), which is the only approved medium for conducting electronic transactions.In July 1999 pilot testing began to improve the effectiveness of EDI in Mexico. The standardization of electronic transactions between businesses has become a priority for Mexican firms because electronic transactions are a safe way to reach modernization and cost reductions. Though there is no set standard as of yet, Mexico's legislators have agreed to approve a law regulating

http://www.stanford.edu/~binain/mexico/regulations.html (1 of 5) [12/13/1999 4:41:41 PM] Regulations Effecting the Mexican Internet Market ecommerce before year-end. This law, which will be based on recommendations from a law adopted by the UN Commission on International Trade, is similar to those being evaluated in other Latin American countries and guarantees that those documents meeting all the requirements for a valid electronic signature will be equivalent to paper documents. This law is very important to Internet development in Mexico and much of Latin America for three main reasons. First, it addresses many of the transaction security concerns of banks as both buyers and sellers will have there own electronic signatures. Because of its banking significance Mexico’s Banking Association (ABM) is planning to send to congress a proposal to strengthen the ecommerce legislation to influence methods for clearing online credit card payments. Second, the legislation also helps bolster consumer confidence about doing business over the Web because clearer lines will be drawn in terms of what constitutes binding contracts and instances of transaction fraud will decline due to the enhanced security benefits of the new system. Finally, Mexico as well as other LAC nations need to pass the legislation to reduce the risk to businesses and increase competitiveness of falling further behind industrialized and other LAC countries in terms of Internet and ecommerce development. Below is an analysis of the opportunities opening in online trading simple as a result of this new legislation. This simple case study emphasizes just how many industries this law will influence when companies want to get online. Financial Sector & Online Brokerage Solutions

Currently, Mexico's Central Bank is working with the Mexican financial sector to create an online brokerage regulatory scheme. Online stock brokering will kick off in Mexico by April 2000, according to Mexico’s national banking and securities commission CNBV, the Mexican stock exchange and national brokerage firms. The scheme will regulate security issues surrounding online financial service transactions in Mexico and will use digital signatures and certificates to enhance security in online securities transactions. The release of the program will be made in three steps. ● Ability to find security information and analysis on the Internet. ● Ability to request account balance statements. ● Ability to buy and sell stocks online. There were many challenges in developing an online brokerage system. Those working to create the framework had many issues to resolve such as: ● CNBV had to define what constitutes a legal exchange of publicly traded shares between two parties. ● Under existing legislation, the initiation of a transaction could be verbal, for instance if a customer called a broker to purchase a stock, but at settlement of the trade, the customer needs to receive a written confirmation. ● The Internet presented many different problems for the CNBV because order initiation and confirmation is neither verbal nor written. ● Ultimately, the agency allowed emails to act as a form of confirmation. ● Insurance issues.

http://www.stanford.edu/~binain/mexico/regulations.html (2 of 5) [12/13/1999 4:41:41 PM] Regulations Effecting the Mexican Internet Market ● All broker dealers have insurance policies in case of fraud, but these policies covered transactions executed through traditional channels. ● Because most of the banks had U.S. insurers, this quickly became a non-issue as the insurers cover U.S. online trading services.

II. TELMEX Gaining Control of the Mexican Internet Market

Mexico's federal antitrust commission has described Telmex as "an agent with considerable power", but the possibility of officially designating Telmex a dominant operator has been squashed for the time being. As a result of the court’s ruling, COFETEL will now regulate Telmex in terms of pricing strategy, service quality and access to financial information (the impact of which will be discussed in part three of this section). In the long term, Telmex will likely face greater restrictions to loosen its grip on Mexican telecommunications markets particularly as Telmex’s Internet strategy will continues to draw attention to the company’s telecommunications dominance. Its aggressive strategy foreshadows some sort of backlash from COFETEL as a result of its market dominance and anti-competitive practices. In terms of ISP market share, Telmex has 75% of the country's Internet user market and has sold an average of 1,000 Internet connections per month as a result of a credit deal by which new Internet clients also receive a new computer and pay for it over two years. As a result of the credit deal, Telmex is Mexico's leading vendor of PCs. Demand for the deal is so great that Telmex continues to add new computer manufacturers to its list of partners. (Apple, Acer, IBM, Prodigy and Compaq). Though Mexican telecommunications regulation permits and encourages competition from other ISPs, no other service provider has the resources to underwrite a plan such as this. III. Local Access

Local access is one of the single most important variables in Internet proliferation in Latin America. At this time, the cost of using the Internet in Mexico is expensive relative to industrialized nation standards. In Mexico, not only does a user pay a monthly rate to an ISP, customers also pay a per minute cost to the local phone company for connection time. While the monthly connection fee is very comparable to U.S. standards, the per minute charges can be twice as much the monthly fee. BCG estimates the total cost for a user in the United States who connects to the Internet 20 times per week is approximately US$42 per month. In Mexico the corresponding amount is US$54, while Brazilian users pay US$83, and Argentine users US$112.

http://www.stanford.edu/~binain/mexico/regulations.html (3 of 5) [12/13/1999 4:41:41 PM] Regulations Effecting the Mexican Internet Market

In March 1999, COFETEL lowered total per minute access charges by requiring that Telmex’s annual price hikes be less than 95.5% of the inflation rate. The regulation currently allows Telmex to raise basic telephony prices every quarter as long as rates have not reached the maximum allowable annual increase. Currently, local calls now cost about US$0.14 per minute, which multiplied by the number of minutes logged onto the Internet can become quite an expensive variable charge. COFETEL hopes that with prices coming down this new regulation will continue to spur demand. IV. NAFTA and the Internet

NAFTA has four main provisions that impact Internet and ecommerce development in Mexico. This treaty makes Mexico unique in terms of Internet opportunities relative to Latin America but also opens Mexico up to greater risks as a result of open borders with the US, the leading online revenue generator. ● NAFTA implements virtually free trade between to highly developed economies and a developing one within fifteen years. This is significant for Mexico in terms of access to the latest US telecommunications hardware and PCs as well as ecommerce. For example, Mexico and the United States on September 29, 1999 signed an agreement to promote Ecommerce between the two countries. Under the accord, Mexico hopes to promote small and mid-sized enterprise (SME) bilateral trade through electronic mediums. This agreement further opens the Mexican/US border to doing business electronically with new suppliers and with small and medium-sized suppliers who formerly communicated only via fax or phone. However, many believe that promoting ecommerce and the Internet in general means that Mexican companies will have to face increasing competition from United States-based companies that sell into Mexico via the Internet, making use of the NAFTA. ● NAFTA liberalizes foreign investment and trade in services by eliminating barriers to capital mobility and allowing foreign investors national status in a host country. It also opens previously closed industries to foreign investment, particularly in the case of Mexican telecommunications. Open foreign investment policies mean that entrepreneurs now have improved access to capital for their ventures and that large US corporations, through FDI, can accelerate the buildout of the

http://www.stanford.edu/~binain/mexico/regulations.html (4 of 5) [12/13/1999 4:41:41 PM] Regulations Effecting the Mexican Internet Market Mexican Internet infrastructure. All of this foreign investment comes at the expense of domestic investors, however, at this time most wealthy Mexicans are hesitant to invest in start ups, the limited institutional investor base is also too conservative and there are no Mexican capital markets instruments available to accommodate risky Internet ventures. ● NAFTA seeks to protect intellectual property rights, through agreement on policies, though enforcement of these policies remains at the national level. NAFTA regulations have jurisdiction over IP issues, which have been defined by US standards, but enforcement is still weak ● NAFTA outlines procedures for the joint administration of the treaty and for the resolution of disputes, which is a clause that impacts the three above in various capacities. Interpretations of the adminstrative committee may be highly influential in determining the extent to which NAFTA will have jurisdiction over cross border ecommerce transactions and international Internet regulations.

Back to the Overview

http://www.stanford.edu/~binain/mexico/regulations.html (5 of 5) [12/13/1999 4:41:41 PM] Consumer portals in Mexico - the case of Infosel Consumer portals in Mexico - the case of Infosel

Presentation on Infosel Infosel was one of the very first Latin American online companies, and was well positioned to succeed

INFOSEL was originally set up in 1988 by as "Informacion Selectiva" by Grupo Reforma — a leading Mexican media conglomerate. Grupo Reforma although established back in 1922, made its name recently by building one of Mexico’s most influential media groups, based on high quality regional newspapers — papers which retained their regional focus while other successful regional newspapers diluted their appeal by trying to establish themselves on a national basis. Infosel was originally set up as a electronic provider of financial information and an electronic trading system for fixed income securities trading in Mexico. In time, Infosel’s customers started to rely on Infosel for assistance in establishing internal networks, as well as internet connections. The explosion in consumer internet demand in the mid 1990s left Infosel in a great position to leverage its expertise and technology to serve this market. Essentially, Infosel was in the right place at the right time, and seized the opportunity.

By 1999, Infosel was serving three large customer groups: ❍ Electronic trading exchange ❍ EDI and internet services for companies ❍ ISP and Portal services for the private consumer mass market By the start of 1999 Infosel had raced into pole position as Mexico’s leading consumer internet company

Infosel’s consumer internet services were based on:

❍ Internet Service Provision ❍ Taking advantage of content supplied through Grupo Reforma media properties (primarily newspapers around the country) In detail, the offering included: ❍ Dial-up internet access (although still no high speed (DSL/cable) access yet ❍ Search engine ❍ Community features - e-mail, chat-rooms, discussion forums, classifieds

http://www.stanford.edu/~binain/mexico/ecommerce/portals.html (1 of 4) [12/13/1999 4:42:14 PM] Consumer portals in Mexico - the case of Infosel ❍ Content through Grupo Reforma family of newspapers ❍ Grouped around traditional categories: ❍ News / Sport / Entertainment / Health ❍ A growing proportion of revenues from Business-to-consumer e-commerce ❍ Online financial services ❍ Company store-fronts

But in 1999 the environment was getting more competitive:

Telmex — the Mexican telephone monopoly, acquired US Internet Service Provider Prodigy, and eclipsed Infosel as the number 1 ISP in Mexico. Numerous Portal services were launching, including: ❍ US-based mega-portals ❍ StarMedia ❍ Yupi.com ❍ Yahoo!.Mexico ❍ (also most other US portals with the exception of Excite, have recently launched Spanish language versions) ❍ Latin America-based regional portals ❍ El Sitio ❍ eHola.com ❍ Universo Online (UOL) (Brazil’s leading ISP & portal provider) ❍ Mexican-based portals for Mexico alone: ❍ Todito.com ❍ AdNet ❍ To2.com Also, while Infosel’s internet business had experienced accelerating growth, it was also recording accelerating losses, in order to invest enough to compete with the new incumbents. In response to an increasingly intense competition, Infosel sought a major strategic alliance:

In July 1999, Infosel formed a major joint venture with Telefonica Interactiva — the internet services division of Spain’s Telefonica de Espana The objective was to combine the international content of Telefonica Interactiva with the products and services (and client base) of Infosel, and so cement Infosel’s leadership position in the Mexican consumer internet market.

http://www.stanford.edu/~binain/mexico/ecommerce/portals.html (2 of 4) [12/13/1999 4:42:14 PM] Consumer portals in Mexico - the case of Infosel This was also part of a wider strategy being executed by Telefonica Interactiva, to build links with internet services throughout the Latin world: ❍ Ole in Spain; ZAZ in Brazil ❍ GauchoNet and Donde in Argentina ❍ Infosel in Mexico Telefonica’s network would be based on family similarities in the service, but fully local content — rather than a broad-brush pan-regional service, it would build a multi-local confederation of services In October 1999, Telefonica Interactiva, renamed "Terra Networks", acquired 100% of Infosel from Grupo Reforma

$500 MILLION DOLLAR JACKPOT! Grupo Reforma were the beneficiaries of a huge windfall in exchange for their ownership of Infosel, amounting to $60million in cash, and options in Terra stock worth $440 million. This is classic corporate behaviour for Telefonica de Espana, which has built up a huge communications empire across Latin America by aggressively acquiring some of the best positioned players in different markets: ❍ Infosel will remain as a subsidiary within the wider Terra Networks internet conglomerate Terra Networks is now aiming to develop a major portfolio of internet services and sites across the Spanish and Portuguese-speaking world, including: ❍ Internet Access via major ISPs in Mexico, Brazil, Spain, Argentina and Chile ❍ Portal sites serving each of these countries separately ❍ Local content arrangements ❍ Local branding ❍ Global technology management and development The deep pockets of Telefonica de Espana and Terra’s broad portfolio make Terra Networks a formidable competitor! The multi-domestic approach may be the best one to combine the scale of the internet with the local demands of national populations.

Internet offers great opportunities to leverage scale over a wide area: ❍ Cuts cost of access ❍ Spreads cost of content and functionality over many customers ❍ Adds value as an intermediary as well as just a service provider But customers are frequently resistant to content that they regard as culturally alien, either: ❍ specific to a culture that they do not regard highly ❍ specific to no discernible individual culture

http://www.stanford.edu/~binain/mexico/ecommerce/portals.html (3 of 4) [12/13/1999 4:42:14 PM] Consumer portals in Mexico - the case of Infosel

The power of the internet to personalize can go some way towards allowing users to tailor their own experience as they wish. But we believe that the easy and ready availability of content in a form that is culturally attractive to the user will be a major determinant of preferences where there are many alternative sources of content. This means that a commercial approach that is successful at combining the scale advantages of the internet with highly locally specific content will be extremely effective. This story highlights some important lessons about success on the internet in Mexico:

❍ Those who get there early are well placed for the future ❍ Especially if you can invest in many different areas without losing focus ❍ There are many many competitors emerging in the space, and a large percentage of them won’t stay intact ❍ The ones that are both smart and lucky will probably go the way of Infosel ❍ There are likely to be many failed businesses ❍ The Latin internet is quickly becoming dominated by major emerging conglomerates (far faster than this happened in the US) ❍ Terra Networks / StarMedia / Yupi

The window of opportunity for Latin American entrepreneurs may be closing rapidly ❍ We expect business strategies based on a multi-domestic approach to conserve cultural identities, at least to a point ❍ There will always be a local media industry (whether local TV/Radio/Newspaper) which will support local content ❍ Internet users will always demand this content which in turn will perpetuate the culture it represents Back to the Overview

http://www.stanford.edu/~binain/mexico/ecommerce/portals.html (4 of 4) [12/13/1999 4:42:14 PM] The Information Revolution in Latin America The Information Revolution in Latin America

12/6/99

Click here to start

Table of Contents Author: Simon Morris Email: [email protected] The Information Revolution in Latin America Home Page: Consumer portals in Mexico - the case of http://www.stanford.edu/~binain/mexico/ Infosel Download presentation source Infosel was one of the very first Latin American online companies, and was well positioned to succeed Infosel raced into pole position as Mexico’s leading consumer internet company In July 1999, Infosel formed a major joint venture with Telefonica Interactiva Numerous other portals competed with Infosel for the Mexican consumer internet market Perhaps it seems obvious in retrospect that Infosel would be swallowed by its larger partner . . . Infosel will remain as a subsidiary within the wider Terra Networks internet conglomerate This story highlights some important lessons about success on the internet in Mexico The internet in Mexico is poised to take off, but the government should work to make it happen:

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/index.htm [12/13/1999 4:42:15 PM] The Information Revolution in Latin America

Slide 1 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld001.htm [12/13/1999 4:42:20 PM] Consumer portals in Mexico - the case of Infosel

Slide 2 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld002.htm [12/13/1999 4:42:22 PM] Infosel was one of the very first Latin American online companies, and was well positioned to succeed

Slide 3 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld003.htm [12/13/1999 4:42:24 PM] Infosel raced into pole position as Mexico’s leading consumer internet company

Slide 4 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld004.htm [12/13/1999 4:42:25 PM] The internet in Mexico is poised to take off, but the government should work to make it happen:

Slide 10 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld010.htm [12/13/1999 4:42:29 PM] Infosel was one of the very first Latin American online companies, and was well positioned to succeed Infosel was one of the very first Latin American online companies, and was well positioned to succeed

● Grupo Reforma, a leading Mexican media conglomerate established “Informacion Selectiva” or INFOSEL in 1988:

❍ Originally a provider of financial information and an electronic trading system for fixed income trading ❍ But Infosel was in the right place at the right time, and seized the opportunity

● Started offering internet access through an ISP, initially to clients, later to the general public

❍ Has developed services for three distinct markets ❍ From electronic exchange, to EDI and internet for companies, to internet for the public at large

● The portal front page was added in 1995 as the consumer internet started to take off

❍ Takes advantage of the internet access experience through serving commercial customers ❍ Takes advantage of content supplied through Grupo Reforma media properties (primarily newspapers around the country) PORTALS IN MEXICO - INFOSEL This is a classic example of exploiting a first mover advantage

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld003.htm [12/13/1999 4:42:36 PM] This story highlights some important lessons about success on the internet in Mexico

Slide 9 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld009.htm [12/13/1999 4:42:37 PM] The internet in Mexico is poised to take off, but the government should work to make it happen: The internet in Mexico is poised to take off, but the government should work to make it happen:

CAPITAL CONCLUSIONS ON THE INTERNET IN MEXICO PEOPLE LAWS & POLICIES INFRASTRUCTURE Position: ● Good education ● Large supply of talent ● Inexpensive ● Underdeveloped ● Some “bright spots” in different states ● NAFTA membership ● NAFTA again ● Proximity to US ● Better positioned than others ● Interest rates discourage investment ● Big gap here ● Some good infrastructure ● Lacks scale Needs: ● Make better use of this resource ● Continued investment in IT for schools ● Move fast to develop policies at a national level ● Accelerate deregulation to encourage competition ● Leverage NAFTA policies ● Interest rates must be controlled ● Promote schemes to link US capital with Mexican entrepreneurs ● Invest in infrastructure ● More JVs with big US companies

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld010.htm (1 of 2) [12/13/1999 4:42:38 PM] The internet in Mexico is poised to take off, but the government should work to make it happen:

Previous slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld010.htm (2 of 2) [12/13/1999 4:42:38 PM] In July 1999, Infosel formed a major joint venture with Telefonica Interactiva

Slide 5 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld005.htm [12/13/1999 4:42:42 PM] Numerous other portals competed with Infosel for the Mexican consumer internet market

Slide 6 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld006.htm [12/16/1999 11:38:29 AM] Perhaps it seems obvious in retrospect that Infosel would be swallowed by its larger partner . . .

Slide 7 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld007.htm [12/16/1999 11:38:32 AM] Infosel will remain as a subsidiary within the wider Terra Networks internet conglomerate

Slide 8 of 10

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/sld008.htm [12/16/1999 11:38:33 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÐÏࡱá>þÿ ￿⠩⫿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿￿ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿýÿÿÿÊþÿÿÿÆýÿÿÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~•€Rÿÿÿÿÿÿÿÿ••d›Oφꪹ)è€: 'Ü?¿Ó@PicturesÿÿÿÿÿÿÿÿN¥PowerPoint Document(ÿÿÿÿÿÿÿÿ×ÄËSummaryInformation(ÿÿÿÿÁþÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿW<†ƒ†ƒï;ƒFäƒ.;ï7'_ï;7'_fb‡,…Ù>µµ``ôÿ$gAb‡~úÖƒzÿÿï;êƒA<ÿÿï;ï;wtâ,„/œ·¿ç‚×`wtâï°l¿tâ·l¿tâwÿÿÿÿ<„ÿktâg2

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (2 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 pHYsÄÄ•+XIDATxœÍ˜ëbƒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (3 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

… PjGUÐV×íýßs QÑÖûίP¾••EÕgª•~ÏúOéõ¿ñΰpÞñΕ‚ƒ„…†‡ˆ‰Š‹Œ•Ž••‘’“”•–—˜™š›œ•žŸ ¡¢£¤¥¦§¨©ª«¬•®¯°±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅÇÈÉÊËÌÍÎÏÐÑÒÓÔÕÖþÿÿÿØÙÚÛÜÝÞßàáâãäåæçèéêëìíîïðñòóôõö÷øùúûüýþÿnðJ€ü&*¶•×‹a}cËÞÿ‰PNG

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (4 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

IHDRX‘Ž·=gAMA±ˆ•˜ô¦PLTEÿÿÿ÷÷÷ïïïçççÖÖÖÆÆÆ¥¥¥”””ÞÖÖÖÎνµµ¥œœœ””Œ„„{ss„{{ÞÎÎÖÆÆν½µ¥¥RJJœŒŒ„sskZZ1))ŒssÞµµ{ccÎ¥¥„ccµ„„Δ”Œcc¥ssŒZZsJJµssœcc„RRÎ{{•ccsBBç{{Ökk„BBÎccÖcc¥JJÞŒ„ï•¥Þœ”眔½skÞ•¥÷ƽ{RJ÷•œ÷½••œ”Œ{s„sk{kcçÞÖν•œŒ{”„sïÞÆε”Æ•ŒÿïÖ÷çε¥ŒÖ½”εŒÿ÷眔„ÞΕÖÆ¥µ¥„Öν÷ç½ïÞµÞÎ¥ÖƜ픥œ„½µœç֜ƽœÞÖ•çÞ•ÞÖ¥ÞÖœïïçÖÖ½”Æ„Œ½{”œ”„•„{•{s¥{k”sŒœ”c„sZsks{{”¥¥{”œZs{)1Bcc{Œ9RBc1J1Z{9ZÞçï9JZ1BR!)!1çï÷Œ”œcksÆÖ畽Î!)1BRc{œ½Rk„c„¥Z{œ)9J!1BJsœ)Jk!Bc1J)B”œ¥!c„•BcŒ”¥½„œ½{”µsŒ•Rc{k„¥!9Z{Œ¥Œœµ„”•k{”csŒJZs9BRÆÎÞck{•½Þœ•ÎBJZJZ{BRs”œ•Œ”¥s{Œks„19J)1Bœ¥½•µÎ¥•ÆŒ”•RZsççïÞÞçÎÎÖÆÆΕ•µ””œss{{{„kkscck½½Î••½””¥ŒŒœ„„”BBJ{{Œkk{ccs119ŒŒ¥{{”11B!))9½µÆœ”¥{s„ZRc91Bµ•½•¥µ”Œœ¥œ•„{ŒÖÎÖÎÆε•µ¥œ¥œ”œŒ„Œ{s{„{„kckRJR„s„9191)1)!)νƕœ¥Œ{„kZcµ¥•œŒ”{ksRBJkRZΕµ•Œ”k)9¥{„µŒ”•„ŒR)1ÆŒ”Æ„Œ½{„΄ŒœRZ{19”9B•BJÎJR½BJ¥19ünº pHYsÄÃÚj˜Ü IDATxœœ½Ýr"Y–.ˆYª3fYÙsnNÛ<‹Ú¬Ì"/â¦ët^Éâ*•LÝ aX!ËI«´Êér„;às•\¸ƒ$\ÂÁ'•"@™yº¢²*³Ï‰cU3o0k•½·»#)ªª{Kâ$áßúÖïmƒ~¾ËƒÝ•••ÀÚ”÷ƒ½2[ƒ]\ø€¯èÞ·[•ü#œíå4ݯ³×ñnëãÂSÃÈÃ*&“×]E.Éû²•ÇeEb«Ûý^‚†õlmu6‹•®®Æf–5©¹d2‰?¸É/°¾ø‚_OærI½³òôéç:^†kÉÜáa2¸àª¸å•V.G§ôÍÎÅ: •;MÁR”’•†ÃÕÈj¬>nµ²Y-ÓjNæüK#ãæÔ²{n\Eðo•Xìß•s¼¸o^‚S¸Ç[ìF\Ûá0>¶V«Âwµæ•_Ú®nWkøgTk|Üõ¢·ñÅØïÃgú¿•ÝTŵ½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (5 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ϲÆww··5«9ÝZ;Ív´0udÞ³íJɤ¶m©‰DÒL&6Y}áN#m¤á8ï•áxå~>oà•5Œr9•nà¡ÇX•‹÷?ü?¡• ¸ ¿aôñ¾´66{{ð½‡ÈìТçn½ÅÅ7”Ói à¼p` Ê-£O¯LÈ2M–«•`I’Ù¹½«G¶··Ãk‘Xt6›Õëóyݲ¬)VN@‹•Ã,Eþו|úìÓ– È•;ôa $<Ä8¶8˜àžà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (6 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

àŠ€%y¸Rg‹Æf³'O†Msâ®3ú°#Df•IÏuãwZßCÄÖØípÏ6!k Žü½•BxéÙ6=‰@U•¾`ˆÛ6ÂÕ„•*v»†È£‹@– MÀ‚O@µVŸ´Fã;§i5õ’Ú,œèöÎÄ)©Þ‡ïzj¹ìm]DT@ ð´¹™Ïo²«t(‹É"Ò••¢Y*™E¼•ˆ7'‹›e£X(…ƒÁåe߸aÐÙØ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (7 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¬ÄZ[xb¤DXü1»ðtÀ±1€ó››ËËË]x1DB‚+ŸOvU©kÂQS×%U×UÉÄ%Á-p¦:v¡V‹Î

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (8 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

õåá<•[¬±âAJ•ÖâÊ™©d÷3x•Ã\‚•æ+‘<ü⼕âÌXJ‡#†¯C,:1®YÎt:šXõå'3ËžÜÍ«ÛaN®áZ¡"Ç3™ŒfE8Hº¼$jqÛøü…;8kÑÓ¶«U@HK¡íZ$BL½@T!$(5â•%æCì²—\cÌωìXß|;^麌a§¢ª-WU¥À›hšôQM,+

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (9 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D•N²X„3‚Z>Áñs GíšÀUrM†*vG‚˜.!A;ƒÝ››‹þ€/n™%ÄÓtÙ[hù±!&áÊî ®ô/•´.Ñ ¢acuOe©Û%óGÀ‚ã •\Îd´¥–šC˲›mýêvkXõ!ë´ :d0×ýÉOÇ©äùwŽJÈ"ÔÀýí¾9{¡ø&0—ë€Á‹Ñûd1 M¥à «5ŠËñle2•ü‰Ôf³UB7b‘z6•g^e*Ú%nØ|Æ"b¢kÏ8Šà‹®%•rÂD9Kh@·«-ÐTõBêœ"¬ðÁÛám_7|l…×èU´ŸµØ¸ÙtI¥7YoÝNƶn.~\Uˆ«Gm¡0‰FžÈÊ"–IàêªÀZR‚ôNq•&û™‘ñÛEšn..ŒrZhÒö\hÁ¦9Àö´˜¶Ö$ÑS/[@•€(d2ÅðSLJòs†+€—šHá2ñ‹x±UR‰¿ºÎJ¡¶S¨¨9aù9ð•ÇZ¡•’ÉŸÀÚb8ÎdM²‡É8VRþ‘’.†¯qãaŠØ‹Ñ•ÏXòi\‘Érß•ý[¬Ä‘)X•RV\Û®8Äã#gÎ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (10 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 s£Æi*ø¨mZì¾j8qö‚V$À--À‘Ðùl`ì21¼ÚÏíYSWUÅ•H2oA†–œdòÞ••7å$ Èg.¸)/® j8Aasmž#®Àö%òïÇs3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (11 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6ñºˆOJš’ZrC¤ÈwI<*nŒ£/°…Fm!‹”ÛÞ^šS,BÖW$ßAµo0Ò¢—¹ÜÒº•¿¹þ–¼ÑÏÃoã 7Ñ"rùDœDÔe2ª@d‹µµIÖõ?YÈB‡Þ›ÁÅ”§¼“•ïþñéÓg«²¸NF±«Óï•ß ˜þÀ£,RX)•X¾)ĸº•…ÏtÂÜ•Ujhà†ìmiYÔôKüx/¿{×––<ÖâÐbä¼%¨.LüE'ˆ+0•Ïž…¸ö_bÇ_;ì[TA•L÷‡Â/ê=E§ÿCpµWCK¡•¥æ„lËÌÆ“ˆ&Ž¬‡f_%\yf÷VÅ|âú7õ†«÷&ç¤ëm§—•ØããÙÁ•AŸ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (12 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ßïßû{oí¡%D•ÝL§™•O#ÊÒå©xF[´˜_¨‚—7ô ý`!²À ç’æu·{®J9úΑÔ"XIŒË„§çC‹A1ðv0ÂÂ;œO?ýôgOc2ã f ïÂKköÀœ ¢bô”æP\gÊÝ—YHY¾~—we›[æ¥qn¼5™öâî>bk2ã âƒ&ˆ5ᢕâ6‘?†©zƆ\Þ#Á‘T˜l#üVæk†Å {nž…þ£ÓêNÁš8Š¢ëXú2À*´ãˆ7xWÉl%I°ë¡1$Øá£ótÚÃk:h·±Ë* uPÆ Ëª×à€ÕCoIb•i8úïóýðÁŠ;†io¶èGÖÖÛ-awÉ ’mDïðò+Ði0ŠÝ.P'ã•Žä@›ÿ»D´…w#ÒÈN"¡ñwBx~ôBñÖùÿZ•Ý‚óøäÀÊ%[Ó“ÊɉŒþ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (13 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

7„‡]ÑUŽ*ÎYÂ3<ð•!#-W³³h¬Ê•X5\•DWáµj¤³ÆZFß›¬2VcÀð¹/±ˆK¼à‚ -oÏ‚ø`óäZˆ9Œ‘*{’«àÏ!ä#&¶ÚiTF-¹¤ˆÀ‚q,ôø'7·¬Í¢#1@q %

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (14 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å™@Ž¬½4Š-¸0@X½Ýˆ îG]ìâå z„,i_Jš]UyÕ‘ÌóŽ¾hä%]Ñ÷ea+=éű¸•ã ¨ ›ÄA7½™fÈø»§?uÙ£¸»—’T¤VN•Ø¹9yÅná°:°ÖhËu{+Z«Åê¶6MÇO@ÌÇÐ=ƒ#Þ¡ßw[óðRØC£ª¥»%LS÷K•üàòŒç3fkµ5_œqiæ3Õ’@5žnƒ«1q]Ô‡`©še·öɽOXLÀ3ãÆ•vo¬ÒÎò’ö²^ØÙ©±õâ…•uZ•a£ÑZõh!:›B[_ýðÕÛ•••‘¼Îs¥"äSì{B·ã)ž| çÆ&|£Ò"dmAùÆ•E\9ÚúÐ2Šhu÷Ÿ~ÙjëÇÑ}Ï„h €jþé'*†"¢7•¬d€³“&¹•L‘›]‰±]÷ž={:‘rÂâK(v##pæ…ô‚¸ò•Å]C–‡-øûœ•ùòÄqZÎhr7^ù1Æ•g턾3Ž köÀÅoŒ$ä:ƒSð„PØã6á_Ò ìµ¸³ÈQê+1ÌS(®¶_ÔÙ¸ì®T•‹w5¥—”*ø~¬„¬Çì B

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (15 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¾°Àë3jÏn ùƒöoœ-aÐH/µ•Ûq½Ý‰Î¢!à°Þn¡[‡²••Qæò Y‹B¤,„¨Bˆ¨2Œt9 õG”ëÀzŸ0¼)ã0|-+-š%§åþÓèÝ»–^ÿš¹¾NÊŠ„€.™^0¡Ov%›Q¤R¯Ùl•t‰«N¾9Ü%4[qIz·òdjþg

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (16 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŠÈ;ô.p]••óL¡@V*,¥4Ž§75áëÇUq¥´ìSEâdfꙌ‚®€“I庽SUýä?]QÌQìÙ3-‡¸úM´6[™º*×ë‡Dy>°„;èS×AîžÆò•ÅáÏÈ`·í|x²ÆI"ŽÔê+ -9®ÙV-¼ä™'Ï´q,O±¬â’ÏSâúÒ’ÏQÏøC½_þȪښ斔’¬« Cÿ˜à ºÜ¦0\¶`m~Uœ°è/Üm‘Ÿ"<É0¸òj•€x‡5›Q€”‘Öî€Û/DÖžð Y@Æ££KÇQS8—e– DÂâæPœ@Ë}žGÂHiÕ{WwÚµK×ñ Ä€±àƒ´þ<®æD "—ì¶ÆVÝj ¬@/mGê ÍUIV™j)~z×ÛuK&—2ù¿ý—Ÿýt »[¢I5Ç/¶Á“Ú®Žˆ¼L½5±›©®Ð zÙÂËÊð ÇbH+`Áº”Z˜0ôõP86îÉ,äƒ(ìÒR 'Èo{æE8tQø%ßðù$·„•wÝçV«kÕ5J‵ܞ؅S…‘ÿtHþ•dúŽ•‡«ca”!±é|垘Dº–_ä7ô“×j»9Zz†³Ð†‡¬¯(œµ±;ØõI‹ïe¦Ý¹„÷—Ÿ;ìúÎ!aÌ•@x¬ô–$fÁ¬n"œët¢vMÐMz\¦G0IuÞ^!𯮕•± äÎÌÇI\Á•Wܦ&K$ß•Ç&¦)Àe®BáÖV¥Ñ(Ôª…‘ÞnOÜ£úöÒÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (17 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{o…€ñ4áò•–8½Ã²{ +RÏÊ C–ÜœcÒeÛ•¤ åqS@—s`q"òÒ5KËà·ä•ÊÃVx-RÃPµ6´-•©uSM±Ð ãp\-zƒ÷0(1•ä}`q4ñËGÖ&™? =P¾§Ø-¹íwÎȕLj•Æ8¿Â¬2!ËàU”‚°ðè€U9ßpp\º‡'¼

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (18 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D¸Up±Ö LÑ,JP]#´`˜¹º¦ô\# •S<ìŸ,×f³µ…óŽŽ]|{$]Õ+•Áavß}ûÉgOŸ=û±d•4y¨•BY³bk»—•sz¥^« Î –BkùîÎÞ?@8+’ 0n

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (19 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

JËV_®V‡Ã¸ºÆuÔv•‹~Ž@jmW=ûGîÿ’ˆ¯.y.ŸÏTKNð’×a.––ü¸ƒÊ•i1DÏðZ•Mcš•ÄUf}Þe*Ï °e}'6¯³q/4ˆ‘¦9mqùNŠˆA å6^Ë«ŽSêv;ïZ·š=<™ôB‚¯èt«Ÿ@k—±öÊå•y”ñà;åw@^ Q‘%¶<` Ê)n/•ÐJ‹¦¤šäéÂ……’ÉΕð^ylÅßôUxó>=½uÒ8ÁÇJÝO>}úé?üÕýtÔéüë•úðáß~ã´uý]Ë-éêÕJdi)ÖB)eêJ Í&r“ÔgôqØÒÍ×wó,ËÇÕ•Èzq-3…Õ›—c<‘•¦pìÑ?ÔìF•â^žIóäû'ayäClÑöyqOß/…}5FãaU6á*«>Ìj%ÂÊu‰G•Y^CPõ#lŬž'•xró‘´¡ˆ3ä»!nAˆ¥•¤ZR¯“És•ô-•éª×,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (20 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

«˜-\ôÑ7Ü`Mç)?¦åe¢)LJ"Š¤»_oÃ9Ë•kyŒÀ‚ÿ•±å “yž4ÇÌO>ŸLJª,KÉ®sûÝè 8YASª›–ªCì9³ä–žË f»+Ïž>}ºzw÷áÃO?•ÊŽÁÚ“ULàîÌvvê³ØrKõ3Îô#Åå\iòÍ'ß|Û"Hj¦¤ƒ` 4åc‹¡*h•!øõ/j/jµZÜ{Xxo•¸Â%ÁµpŠ)‘©3Q§'¨\ËÈ3cFRÝOåÞYô _|DYßÑÙqÖ/”¤Î7Ob?®ÜÝýôóÏ•ö³Ÿ²0åB‡26RUwqÛr‘“R€ImZ±Hì³±î©>?ALb"f„X)Z&«h<ƒ˜R<|ÉÌ,jV¡žUôIÝ:õ`ÅXÅ»»Ùþùì_ÁRÆUÏH>Rú²„V€Â<‰> û¼E‘'ŸÝÝ•§£[W/.£ d~ ·ƒfÒóUj&ÁƒŠ§¸8ÒŠkµ¢x„ïË;xY†¸¢èèF˜ ÒzÈzo”9Pv78´•Ål¢à¬rz+gm‰A•ÅI‹sðúYÄZB&é—%×A9±µjdíYPãû‹çµzãäT Ä–6Ñš½ÖtÍàӧܢÒÇ„qlôîê[«©.mÇ&-Œ=#éÚ<Š†©6Œ+%ªg-5í¬,‰©•šJµVV"²…§p¦E«;Y%ÈY}È8½©U•FD‹dk«B5†ƒV€¨]ñè;]ÚÆt%yƒáÚ“µ¥Ùxtž;λ¶ã"«ŠÏ 4s¢ŠäA´}sX2Á†ä'ËáZň,vOÞ£°•-ÃÆÚ"ÿ‘µ‹áJÓ`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (21 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

™Ck—’î;ù°J3ÀÂçõ •æ8W±ž¯HÐÎÊq‚¾NöYI¼XX‰hJ¹ëß.Ç’Wtóø2½ÏáíZ¡qÒ#`a\UUKp¹û݇U•)¶¶ýúüxתK¡ÐRÕÊH¹CÌ.}3•lo7ÐRè Й•EyCê@—/´Ð¥øE5Ìþ©nãE•âgæä}Ž-·•ÍfšV$•æY[[”["êùh± >yÄì0`UÃä‡Xhivû“ph6uÚŽ£,x‚RJ2Í]%•30¹´àú–ð|% U³IX‰<Ãaþ®ŒEX•ýðKBûYp‘cþpáyˆ»\§•²@U9ý%âÌ3…$ËÊeW•¬]qQdÑ5¤$(´…Fž™BY ÐðR®3‰Exy]˜×û.q`½<ÎÊ,=¡6mÍÕuççOŸ.k «Ã×èxT«ÛKáÈ‘Y$\•kºs· B¯ðÝÂ{œ%1¶ºÔò‘”É‚~w}™%HË%7롬èßYC`yÎîCqåG»xY þ‘f|£óáx «¹ZŠ5¯VC‘Ú,aIõÅ·„¼ŒÁ|´d”1•ð…f ÈõüoW᣸}â•-'(ÊžHI‹i“G·ÄÂ;À´¾ÚÚ£„Î’Ê®0e7ïóÆC7}F™Š²ö|æB®ê÷±™Eì=Éïã*(äûY$²èßÎ÷©Æ´ÈÂ[E,!K°\ ùŽµÄˆ NX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (22 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)+»Oob·u<ÌŽ&±§Áõìéê•+ËO˜ÉY«•Û‹¬Î†ß~ûž]•ÕàcØȤ¼ZdT9Ž'ºê§v$Ÿª‚Z‹«ÔÓ@ßè%×iV2žïHÀÂÓ}¹9¬[Ö,‚bÑÕ°oã^ÄçE–•mWw¬åñx2™~Ã$•ónµFúg!ø¤µÚí’ +–ir—$g.’Õ}éÎìßÉžÿíZ(´];17ùƒXú†Ú.˜¯•H.‚)ÈX ±xÔ}ƒ,ænʼ†‡ö(@4”}SÈn¼¼ùþò²•sÓ§°=>“Ì*çÆ‚€Pu*C,3—àý¨³àÆ ‹L#¾5í³XuM¸…"Ȉ¥*•—Ç\eµµ#g:ÿüéÏ•þtûÓŸ•þùê꧟þô§?~º*bªÕX}†ÙáÕy _#R·µxð0TǙײ“fð^þ¾ŽNe%¥÷´¦§àïÉøýx&îhVtÍ«•ÀXyluÍ‹‰«¯Ä…í0À):‹îDw • º~£fë“[TTïÚíwN³¥•®FgÓvÛuÿ#¿`ò^µèƒ”ó=„qrJlvcÛÑFVfy:aÀJPE;Ö’&“÷°Xårè+ÞÆ……U{@&”Ü#©E•7y*¾ÚF•WÐì•¿¸©Æe@–® Á•1M"G5Z?é•Ø;ÙÊNæ««±ÕÏYO?•út-ödõgŸcÄ>‚}•¬tѹjYØú¹]b-Ž$IÒ‡<Å•—Îa²ÝûJw0½§³äLæÕ«¸¸…ƒŠÎöáçȶ¬y-ì©-•¯íímÖ•Ã<ð5jÑBÝŽ¨ZO.•WZ–óY¨” jóu¥ë,ü¬°êîÛ;õ Úà*À\¬ØÓZ‚®p]cœ\ÄB¯ü•™=†Ã´ÙV6ï“•(ÞÝÜ\ò {™bX\l—y

Üti\•Ý#ÊÚÛÛÛäwèÖ"ß°žWÐåÆïSJh‹‡6|õÎBòƒþ9“ꯕ³¨o‹k¸‡ˆoÑú~FN™¦êNÀc'ÙZ‹ð•óÎðH¡–&©Ô\•®®þüçp²:Ÿ4¯þûw•÷•ÿõÉ“WÆó?t‘Øjd)ÚÃy,¡’b ¢Ào€´Xžá“R“Ñ\ç1‰Þí÷Py m5ï¢<ÍŒ±!碶1F²ŽDçcì³&P*ŠÓMG-§å´ïBá ÐW›•?_pƒ.â¡ÉoCUY”JÒ»H2æÉ™ü#-ã&×ð›Ü/ô,=«U(±¥9¬„ *wÜÍtžz¾8Yù°}•ssó=—ܼæ;$¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (23 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 o1O¬Å3„K>²PZ]‚9¤µ™Îºé_ÃWZϲt4o¥€F‘(«\æØ*°LSRö±¬Ô”t§‚=VlE"U•ï¶Ì° ¶‡«‘Õյϕ¯"³•o¿ûOþágŸƒW¸V›Wfµ*S×"ÈÖp>kd59åqü….PœÁ»ý@ˆ-I´Ü§$}ðÖÇ|ć\X=;ÊT¼WCȯaYQöc-=³£Ží*íÛ‘6m¶š-çÝ0¼B¸P]W®®Jn»TJ1`åÞ-…,%çL&s÷*’9E•©àPò½A®´‚Wü펥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (24 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Š*•áêvf'•â5NO ¦ÕMÊÇpp…P!Ý\\ŠxæÖ[êŸÿê-eyÉÂW»(µDü•—X XFz€«[ØÍ¡e¤‘•ãa^‡BeªW6’9Þ&Œ¼ýÐ`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (25 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

®Ä[DZºÌÊs’›Z…¬¯FtŽeŽU«ƒÕˆ®‚\‹>Y}†ARX!О'»Î\€îªÛ;öÐjd3qù•t÷Ý@~5¯€dË`ŠÆ{”õ·ÁKZ1Æ"öZC\•Æ]7~¤Ù•†Õ˜dXź{›•M'£‘†ö•õÎùö›oFM‡¬!Sœfά‡ê¯ÄlúÖ`åxüa1º ä{Vø°|÷…%ù®">‹—:Nal擪dv›YWÅÐQ•·BD"@[ÜîáÁG`ñ.gVŠR‹0å9…¢Ž&]ö|HÔßiâ,Š•ùõ¨^ôÕ;+—ó9VÏÁ °‹yÖÉ;#û‚·Tå9‡^Ž÷´ÊĶ‡ ˪xbU×Ø]ƒø9…VŸÌ±E_Ó²§¤—1ÏXj§8R¸#ÃCÔ)Ž%“)x~|ˆîB)`…ÒâЕÈP«Ê~&þ(¢˜9Wþ¬í*Nˆ²ˆVu5:¤‚b•øq²•ô;5'´¦0Vëö¶åBa

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (26 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

IDATðõíò,Z,••]/I,ref4V”[60þú"±pðò~‰„‡«dÐzb,Tê>¬TÝdB®õr‚ÚU•§wU“Ä|Y¦Ô(µÐ}CiîÕS½ÕÖœƒ³gP¹{™sÀžŠ´Pô$à76p„CZL!ˆä# w`šÝ?&ÇÐäyw“?u

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (27 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`"R²®+2ŒèR†c«R3“HT©Õ£ÖК•ÄBX•ÍG:Æ;ñˆº•ž6Œ¢ÝÙ®Ù2BÃ7N¾–¥”+¸ ì-¿Žg¢"/’¤ÆÞ%®Ýï…Kñ¯*µ*ÇC;HF/²Õ"kµ*'v%«•Ní!ÖvE"1Ë>Í,ØLøØõ!âj:XÝÂÞÏ/Ý~{÷$f ŽãvGWYV>GÅ‹¦×Óä•\ò‹€jç¸òƒ¢¼À•ÕËÑ)•P1I˜J Ákk.…áÓXŒîZo9º«9:“뼕ïÌ+ds?hžUëíR‹*tR…òî5xÝQ£õ/ò}f¿ÄµÇqF•jà ŠxüfÅ7X”Œ#’"<æ©,ÅzÔ”ªTä”X`õý¸¬J¢¡5èÅy‚HÖ&š3‰•ñøè“»ÉMÓZ͉]9"ÒÓ8u€ý”LöTæ• Q²_gV\¬ó0#.Rð.¡’Z¸<•RTE-õŽ•ú¸n‹,Ï=xêµÑ-âÒ&öxlW´L¼u÷P…«äº·£)`©u;]™4AÄÃxÈîV¨x8jÓ•)PáÈ•”[Œ5$`µÀ•UwT}œ¦06jê•‘–•Lz*ÝšìôLçpëtÒ,éêùõu

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (28 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

øÀ½Â2ŸÖЕ4õÔ³»Gæ'íR)’Ö`÷â}>]î¿ÿÝuéi—(ëKÖÆÏ× ],³j{”L4rk·ŒÃ·ˆ©üÜ‹’&8¸•wvéõÝnEþÐÄòm<Ææã¸"sO•‘¬µ5ÊB‹•,Ïf–•icŨc˜ RdÇ•WT3¯Š¬ƒ™òëÜSÌ!<`•”W¤±„Î’˜ ô$<\Àú'EÑÝãããŠÝ H”d4f•]kqh‘ù‹ÇAU)N&Î0ÅŸ•¶oïæØH2ŸÅbË“o¿ýæ[€è*|wÞ½k“À2ED”áŠ÷/-w6ê‹ ¢îE³6_¯†C=¿a•F4tô•.¬ãŠC†°Øm6vÛ<×›ö´‡3‘ò8A+½è†XH”z /nÔ~J³ÔÐ7d&9x²{ù¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (29 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µ¤ÍkÛ¬,âÓX,6›Ç“•ûfD•2„©×•+§ÄkúuWÜãþh‰ûCÚ‚Ÿ«µx”ü ¨§vä,¶bcjÁn©Iìûê4‡Ö¸§^Ÿ»½žƒ ¢¢kÚVšË`R&¡%•ÅòÉA‡•Õ0î<éâwy*åÛ•E•«(ÙÓ¢Cˆ›p@Bñ"ÿþ=ÆÙËlÌ_Ñ0’ñøz×ì².Ê›5CM]Ͷ—uuUk¢ù(g)Ž[š®RÕŒ_7S•Õï>[…Cb•T&¨dfàoÛ§NÉ•4'2ª&U”šxþ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (30 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…Hˆ¹„«xà‰yÔXªï"´T€¼•·àÁÕ4Ç2Z»,{—Ö}ªêð§b %‹•"¼fõùòg+++ˆ¬¶Þé¼ÖÛ-'ÅšPÙp•€¶Êá´'-¼žø"ñÅÉÂMïÖõ, OãÉÍk=ÙÅÉ…(ks~ñ¢ú¢®¬ÒFRwÆõz¥t òÊ)™IVè`ø¸2ØÕÌp•ysq¹E-†Ôdæ••õvkcÏèó¾ ,y7d#E¶ ÞîÖÿÀ‹e~ùÍ<+´‚?•é¦•,…&ѸÈS‡%Šÿ,+%l˜¡Z8ë®cL]ÕK%])!ºxÏsîÀ<•ü6‡¾ð˜ê®RšR„ž—•â”¨0x]³ù|V+4/AÝÏ°Š×j+Z/“A›¨ˆpk‘â4Äqt

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (31 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 jI‚‘÷E‰•RU•û!-Ùü(a¡ä]ö¤•BÌøÉRSºâ:Ns8ÿ•M:œÿøÙˆ,çÝ•Ž=tnKöRξ;(jÝYq²I¾/ç-ú~ŒÃÚ‘p8Z•7_GfàhSÿ|õÅN´¶S(4V¨ÅΕép8Òñù×p¸¨p~B#ô–7™î.€º..nvYóª`•]6ùc€]>" ?»,¯“fò[uþðÇ·¼š¡llb™•aàß‹nvQñWÅ<6Fç’z•™.ï•îv»é*ª”Z/UN•Îδ–ëá [à½;¸•-¢<Š6œÇ"kÏDWñÕ[Ö¢ÑZ¡pš¯Vk…ú•Íp긎v’(†5Ex"d¥<•à*à9ľ°'"»‡¢Çl¢‡$ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (32 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 sƒ•Uh©=¾ÔB·p4•L>|X¹û0 û«×¬¶SJñ•\¹ç¼A_yÐ%ø¡Ï§gyxËc-â¬dg9}QI¾‰„ê…/O€)kxŸÃ¸”H¬Šf{Tɺ׉Í

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (33 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

þÅŶ>0•L©2•€…‚¬œwà TBŠqpüP˜ÿ•YÏKºËË"e«%)AÉH²„ؤƒÿeWb‰†n·£cíž®—ž«¿´•âðîÉ©aÅHQ–„—?š5CÓ›EcµØê*•í¨Õ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (34 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†•ú*ÀGj1ܲS?éÅ=dI"úîEH9¶„†?ËG‹cy…¥©…„ÏcœåÑYCòcgÄY Ýä.½]ºršTßÐ䱬6è«Ž®·Û%ìñM I"Êw•V«uÔ<ê•N@`ñ¢Rj¦ä•÷ _˜Tí†UIž‡C±Â‹úp2Ò´¢ÛSQàH• ¹Æ+yQCº™~,¢‘tÈ@drV1T4Ú¿øÓ÷hÐÀGEƒª$·‰²€¦/•|°Ï¹/ñ%j&ÖMjÿ’»eÞI»(%žÈ›û €¨ˆöbWe ;fIÍ‘¯ÂB¦©–ÚÎÙ²ý*g²‰’’דÅfx˜••Cb°#KÕ=±€’Ãá¼>‹®•EVcµú°R±‡RÅr¨Xl еŠõ›ÛÑ¡}œåAt©"«tƒ¥Y>kñ©à,…3>…Wå Í{ˆ:|•¤Ó$$•n›£)"kÄc¤ï^¿yýDõý’¦¢š ³`j§ä4'ödbƒ³jg•0ç£3]!áÔ»Ê}sSU¤ÓS7™X …£/àì±é¤~räüuòÁ°ÒôÂÕ4•ÔÐ m•‹Æ Üç»øþ,a¹•ñž _.‘œ¯ôçŒnÙ8øB–Ûd›áÙyRŠðkãÉýW

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (35 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

FSÐÜ•wÿYWM hüu%&)9O¯·Ï>[® ÀBwЛ¸\ØŠs–›ÅQ:

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (36 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+ÅNŒµXãĶ•ON†C«P¬Í0•Â;@Úƒ‚•åk&ný$1ë u•â¿mÑ>†²”0•@E¯ä¿’ÚQþ"®œMV>_Òl;‹õ2ˆ¥F±²Zí7ÿ:wÀR–ð —Tç; âSÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (37 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

R;~yl•1?4´+Úx¨õd>|Ãêfx•»^‘(,?ÚÁpÊ0…"Ê/VNÇHú`òzí‹ø%&ý]_‡PPõóF~ýë¯;ÿóOï/ú7“Kà, ©²¾½Ë§ eæû¥Im±Äã#ô»^˜³¹d2>M2+Ió,“Éç_••`r Xé·ÚT;B—O]7“]ɳPèÊq%ãæ‹+Oð°bô”¨B`öHòŽ¼ïUŽqÜCˆ)V

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (38 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆã¢Õ•z¤–×dŠi”‚5<áÁ,‰6HÜä1Ï=ÂT°tF @é°0™}å]=Q°²æÞ½ÎPà šSjõZ®?H8ðå´šÓ[aÛ¯çs°…@-ø§ç’BCšG•vWnËnŒÇHÔ…Æðض«

¼á’‚1çI+•’šYIrºµÂ˙ݙ”•QkR¸Âø`¥S’…¼ÑÍ¿l¾ÚÊçÆóWî ¬÷ù\»_máŒnBÖ.ë°¦ò‚SØö²D÷Ù¼‰Hh 5@¯ê>’l· Š•2••£ß8)ð„a%(épˆQQ]weßǹÇW)¦•àãIv>ÇÐÎI¿´ ³vp6^‚1x žsýe£Î&{-£áZý¥•â›¹‚’Ãí@º/¯M¢âYÃE¼üM¥‹¸bp•&fNiZ5Œ¤x$¸ä`‘-ý,rÕq]ÒNàR•«

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (39 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 p’~I¯ÙšÇ³•œT¾>=²NpT–Äf¿>`Á·Äú™ Í“©.ÂÕý%ò‹y1˜ûúÚô‡¾³á‘æùùu²Ú"dúÅâ9ëOïAjiíòñ¢e|¸]Rêl¯ ¤,Œ}1daV‡Ìãëž3â±Ôùr •H:•sñ§•¸ºª·* Ú=S?ª8*&²¾ðw•8„?¯”:x¬@›2©+ñW™…°9™ÃýÌißÓa•u|bW*Ù èR«A©•5tEõï¬E¥•g½Þ ß">\öò»Y÷

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (40 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ë‘>jSº¬’Òd/n&Ͳø_ªWï(:ÚqÞé•8M¦¤ZC@•Óã©•¸šŽ•º}”‰ã•,]RN%QÑðW²rꉮ‹&ln&‚õðÜ•¤R-šûéaŠ…0®qÑÜÙ–ÉPy2Õ]]°usó§?}¿ÅBZejŸF0¡RßäUW,{Ã+QÓ{^ëî7C£äâiB =JÊÙí¶•é–~yf+Üõå3A0Iú…ÍË}”¯8°Ì”œ9b¸J-J.Ev¾¦¤'ÇX÷€œ5Ö£‹®Eck^§^8²xËz–Õ‚‡[ƒ•k«”ç »G\±õ˜Âb/£WÃåùðl‚#®ˆ¯©’Ü=ÐñΕþúµî¸|”ZŠ|@À”míl6ÛÔìaÃF2[hÐ!µabü#M´¤ä¦,¯ž”K©

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (41 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 nƒRÎS¸#)•ãà•óR©kvR¹$ßGnPņdý•I˜ÿì»…bB}€Á•ŠRPÞ˜v,Ëñ,@«QØ)4_;Ñ*–©¢64 ÖZ,Š“~íSùhXiƒ`ŒG½Â`)©WÛÿ2i±WÒW Xˆž…e•@[¡Øöz…09°j®:€«¶Ã¬Áº½ÉqÝŽí ¹ŒÓáq¶Dóüú¹n•ìM!Oéhù†‹ÀJ•š*¢©Su׌®?Ж§Ý“IlÿÂF4K”F7laß×û?ÿýŸYÊ€‘y#±IFH˸Ød!-£ŒD^¬•ð¦˜¿ÀÀF²6¸•Øïß|ÏÊ–±ôB–±Ê ÀÞ5ýô û+áŸèOu\4•l·¤,üœziC/¬•’üJ%{Œ¬…?(´/ONìa•6³h@W4BóäÔËþ-ÐÃ=oðIñ,Žå•,?DÐ_v™±—Ò'V•fØ∀èp¼2%Vb•†ÙìIíf•s¢ýJw*YY…ãwšöË— D•Öt;¯•æ¸Q‘ugy–QÑŸÜ—Ó•´SWò®óþW¹,¿·‚nÃ$  '™aJ§w=¶¢EEŒÕ°•/‘mᨙ€³Þ¢ÊÚ³ˆàÍÿþ÷ÿ ‹êZùd~³_f»˜Ðø•²A…7TKo`¨==ؽ\îö/4‰”u‚ (èÊÆ•â^ä1˜ç•vGNQ‹WNŒú_´Õ‡•IÆb:(;Àòs…¢0}`GJ9ýúk°ˆÇÇ'`à(Ùk'[•RçÏZ •U·*ò‚ké¡fXœSâLº9H&Ûc-«êcðyôFþÀÔ•‚ù!§b£¢•»fYÉ#€%½•º£‘Ó~×Ö;:hxûe¦T©Av½ÐŸMV-½ûÚ7²Rç³g¡ª£+’÷žG™’ä)vÙýoÒBÃo3d¹h¦¨Äþ90õí+E’8®ò V˜"BZbÚj(i—B•¸hýO0‡ß“ˆçY±™×&íÆ;+ú<ËÂï@\—^Ù(Ðn€Â6wÂ-È’RR‚?í·¿,é)Qð•Þá››öîâ#þ…¦)•xÀá˜ÙIQ-•Ä›µ¤

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (42 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (43 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(çÉd^‹Ögká•!Öì=°€rGˆÈ“±•=Š#„|LËçÑù8ÂÂ÷h•^_n‰I)éÊrÞñw_aÓWsbƒ_2´µéTÓ4ª‡×&

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (44 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»TÒ–W“VÇ‘S¬38ˆ®„°•|=W°ý@:ô°$°ÃU†´ÄFNACé‡GÙEʱ`}˜•õ×Z¬AçòæOï±ýý¢¿ËºYÅ„†Áv³Û¤ì(è^Î{ãtùDo¬qèû½Ô(Ý¿ÁŒR˜?J•2ž¾~£§r‚¨À‰•íd%¾C—ؘ$u ùp z‹Á¨S €Œñõ¯ee?Þ;ù¿_6 šPnÍjµšu’•+‹ÇÙ''…{úR¨Èq²º½d×wê?.Ï£µÙ,²Tµ§s–ƒ¤¦y°´ð¢`˜4ÜuáÊTŸ‡•æŸÕõ’Ì•eê©Ã®hÁÃCÀÒ!ßî`!äÀ®R.À’û,ùò'¸âÙ,FºìãFãeê[/'ZœÃJ•†Ozˆ.UvS¥(¨iköâX“V‚ã—m•D«€«hmgøa†m‚áH¬ÆÆ2¬••0›Ïj‘ê‹•a†@í:Úx8ž®Äb¬³;\•ZvOæ@RÕ®D™„êÙg€Õ;ê£h_uP6«zK;[^ª•ÏÎÆã³étät~îTšÚ±í”Ž²ªÛ°vjWçd~¤¢Ð$GÍôíª4øÚC•—ô•‚¸âv1½GX\O¥EÛê¦?Ã!Ä,áá@M_[b^¸„%2¬X›%HºÓ+p\•ÐÚå³?ŒM^Ca`ïkóê[À°üã¥}êƒ>W¥•>‚•pIÇyÉ’ïú;¡†P†zT%@• 6>¤<„qAÏç6ñ¾a‚uŠòÓ>vvß“ÑŠ²€,8ªñ©U°§v••Ã¡ŒõB!£Nq”È:oØcÆfr±Yq¸=€ØÔ)RjÍq•G†i+`a„×¢ ïXà?P‡“b…ôLq©Të•>Ü6oV¸®Ú ׇóPd|6Ú€ª‰Öî¾n·¦Ûîi'§à¹'/‡s ‡KŽßþL{°©jÉ•¥.k‡ªi C$]4_&€«4GʈœÃÐÖ[ä,„ú†8î]hoBÖÆ€uzmíQÑÍ¢4(‘MgÑI½I¥WÈYlüQ_l4ÇûUiîûoÃ)ªëêÙôhjÛ2î`rÐíLa ñÄ·TZ;ø°1&QàÂK‰¸)@kWâ<ÓÓ* P2%•,f9®ÍÀ²Ì¢À@Ñ'5ÚžòÅI{Z¯×"k4“2ŠåTV]ÃA‚b<•ÂVkµµ@‰Í•c;×,;›‘S~ÜÂÿsp ÂÚ—[æí×Ýn§ z];[Ãpq5™j·Îm³…"Þ¯Á=ɪT:£ƒØÀ½“Z/¸7-6Pq–™ bíè¹d±UЃ¨z„šµéÀÀ[ÖÆJ7‘á¢ÀDˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (45 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ä¢˜#-@Vÿ’W+`Ø`ƒm„):Tˆ·Wþæ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (46 of 1076) [12/16/1999 11:39:11 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 p¯?<4õhòîñ„^À¢øF¶·kÖpV›˜°\×ú0¬E£U6R”†R®áÎ\µUfÃUo°ÇRdb{Ô5ovC5V·†8°-µ¸Ø¡º`~„lÕrô×€U«©iÓÉüÀù2Âj:rÞÁý»RéáîŠ*¾$±A¯@•ØOd—É÷2bùbn[Ö\ d-Ôƈ¡¶\[å7…•Èö_M†Ê8hƒî Š¶hz25QìÒ$d7›ó‘Åæ-<É³ß Åª¶vËt•oq. ž}ÏXk@»•iϳãœgZ]••/<ƒÈðADÅÌ£_@$+ÁX¶HkyÈjxÑ_ú(šH‚žÖ_X•öäI¤¶ƒeà1pþªÕÚ*QŽ±Z•Æ¢|ËÌíª,1Êo‰°Öz(ãÑW$2£Ú¶;¥–Fãñ[½œÛV›f•4+€¥É¸^žÙã1ˆv P¥Mmp?°””FC²yçl[¢d\¼û¾?‰-5p”•ö=©‹I¿V)™\ˆ¥'ÄP•›8køe~^t4¿8Ð^!„U¡}Ìç€Õ+ï2™… Zåòfº?ðgróîgšåÇX^ÔÀYï¢Þ½•q5ê„ß* åm&ú ɽ4Szé¹dvÕ߶ŽN•pãb_hQL‹`Êëõ[–Äk\‚Ë«-N(•S–ÌßXu\Xdý°SÈƵ9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (47 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

WÇ&äº5{ã"6|^oÐ?[€ÆÕÚÄHØÛ•)Pdјh„¦X9*ʬ’3½»›P?ÎJ°•Mm2™Ž‡ænrͶ²Nì;£»“ÚŽ¦æOl‚þuPAytGüü³P(dó.t¶Ó9š¦ØçÙ••úûŸ0%9„‰„W7ö÷¹.Äz

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (48 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

/¹ bcAÞR¥šGà'¬iàÕ1{|tѵ»nb£0)x/ñ\fÛ Œ'½-¦hŽè/xtl¦0sÒzidÛ-å€I,]G¼Ý‹cñÀÂDzxp÷m¡°ÇL¡/Ä|•Ek_N•O±Þʵ´êU2u€,khÕ¶³•BKKb³%±/s#«µÕUf3ióèj$ìïÙº„³”Ö„ÇgUö?¨íÛÑøîlÔtÞ9“‰Þ¦½¶&öÜP5¶G•ÑtrfŸTµ3Y E›*¼Ÿ*h§óó.öÑ1•ÏC”çâ`Ñ1M•Léµ/N9š.«{Ðòm!ŸèÇ•ÒÞIb)‘èñhNŒ••;B¢Ãþ†[3òÉú•a•Âfÿ¡µ0ºˆ•Ë¢˜'PS:Í›Å8Ëm&(ª@Í«7ÃX‡×€¥µÙD\øÖq¸‡‰{þÓY)땬!¿@xÏôÝ‹9``áÀW$;y¶ñasÍßÆUʽqéÈÆÉZ5,ë”+ l³«âw½q<ùÏ¿6¯ÙÀ¬ëkAŠ••€½¬ÁMþ†i >†m•'vYÙè '•½/¿ôfÁcÈ’_(ÄÑ}Æ&ü ÒYƒõT4¢ô>®Êe RY¦Þy@VÇi«9AX‡ü›íæ¼Pw¾Îòë|âñyX•“Ö_]¥áˬ]¨Õ5l‚Èd^emLgW*öé~&s4Ãíæq¤åÒš†L1…0ŸS»´Ä…Õ3sþ4?>f••“Òˆ’þM¸ÖœœM¦-Ç™¶Þ`›ŽAÑé•Ìà@5D/P)MW—"õ»k –ñî[gº¼òí»ß¿»Æ§ùag¡Wé×%j2¥Ó®‘ÚÔmÞsÚŽ6jouY (3nÅ"OùÌta2%V”ãûŽ¾ÄG ` ú7ÂPa•ù•ë\ˆ¹h‚ªÈ$R•ry¸•Dq*ä1dl´Ð eQ¥‹åò–˜2 á•Å¤.ë4É"y®¶K²ÂhÊKŠý+<'1õ«TXLm\ਫ^~†ß÷V0ÿùëÞ]Xn|4´¬Æ1OÊ^§•¬´"ÛÀ¶ )¦ IDATf•aî€+Œ½GŪ¾Oèï.•Š>c^&Žý²2ïæ• c.}uÉmc•{ëv:Ò;X7Úê5;CÀfq*Ù#Ða£ØR¨v·\«Ûè+?Ü~XO•vÇô'•â±•=ZHóÓœku}~n¢«©M´V»ÝiN‡:•Ø¦•:Žd`¥{]Ra]ªÂÂ̓• ÿç]yö14 KÐ绸a÷4$„Û:'/P.‡úâ™_ˆ=_â2¬4X„”(‹üAjÚ7¤Þùn,ã½übæ>Ûãdý¹ºN¤•vGÁ7#,¢-×"lå˜àZ\\O©JIv–”뀕Ÿ™þ÷r¡kÒ¨×ÿÛ¾²0óÎ'/jÛÕeÜ£ ¼Ú®EkÈ@ka1ÈÝ“RU•g 5#wá*fiŠÛ¶›¬œUiTT‡&€´Zí7z ¾Òݶ°é¤‚$Åm௶U‚aœLî¦ß~óã‡['Ïv 8L˜áYŽ½•Ä9Ô½ŠÅ Æ:”qÔZŠ¸ÖÈm·K:˜ÆR»ä:%]]–|ÓuUg}>’?‰ÆÕ‡©›KCÍ[—ÔäŒá„þÅÅ%yw¼-µŸ¦•/ ¼°ÁÃ’¿Lïm° Z,ˆÜ¥Ù!— ¦1qA¼Ú¿¹¹ž! ÿ¢iÆãë)¶˜D];‡Z²mèýõƒ‚RB3z¥Îõû¤¨º[”\‹ó¯ëñQDZ6ûëà0Öbš9nìî]]Ú®ê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (49 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

«]£•rB´Ùíç«ÏàʕӇбŒÖëÑ(zyšœRc¡BçA°B÷w°Û9°‡|Ȳ‡¥üB)[œš€•ñÓQsôÍÊüîÛVI•ü1Fô&> «_øl•"\! jZO«hŽëê:UMpéÔ•A…Ðï©ÎÑøSž|Ý΃˜Üh†¶¶.oúå«€1ÞßðÍ»Œ´A:‰ wǾB6¶Êàžá—ÀZ[´³ò‚ƒAˆ4 1•e|›ð)‹ Ⱥd3Ùˆó‰çq}•ÂA4Ó²2¿Ä•t–Ÿ•N

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (50 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ñžô«´cùAùTÀ0òqVA”‚Íï^ Mê!ŒâTŸ÷1•²€˜¼+“=•âön+'fQœaÕ-‡‹âV±µ\Ÿaõ=ÞUÑ*öä³ØÈŠ¿XfŸ³ÁºöV“4€ºÂŽg§—•d3؃³/§¼Mã$ ˆ«I_w^_aY©J•”^åsA|

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (51 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

OyTŒ¨{=séHlºðD§çp‰\2Á;TëNˆ*³1ÛˆHRZ"0ŠPôŠF>ù<ņH›<ê ™ž¾:ôy ³\þTS9‚÷™J$r·•‡ý;°"üòcöÐg¥l=J#@ÖPýMàòG]íËΰ^¯í''ÇÃ:¬n’€Vhñb£Qx™ÍÄ÷ã²3gãþ`x^DÃæ«ayUóÎÝn§ä¶]'¸ŠójW1›„v·ûZ'_Žn£Ícƒ‹>£9¬Œ'ýÝí\•ý£æÇ’ÓkµšMçªTçú³ï‘©LÎqIÂÁ(¹¸hS°…½)Ò¬ÒpECAX]ßå³r4P†Šdp^òvâÐÄÙt™!„tB+Í£ˆ¥r_”5PÑ耙/—7˼µ°Ï¡ÁÅZÒL²ÝÊi×"Þu7ƒÉ÷®˜^A”Åè{]•þ\ŽïÕŒeïÉÃæ'Š¸Ââ9?•®¾ûî÷¿ÿÿïÿú䛦ã–\•››GÜÁÌÄÚý\«W2ÿ.l‰™\û.¬è|yòJk4*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (52 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

öÑ8¢uid•ü*à¾Æ°’ÍÆ7û žøËnk:ƒdÒp¼†˜P4ëè••àÿˆËâè«ÔÃÚé²ÐfǃDnWì LážîÕÛ-·NKau˜ãÀ+¼ŽZMÍÑÙEüI59n½š_OñBNW4õ–O4úr/„šêòò•`ûFyOL4ò¶ ß"‹…#=h¤1SðèÔpTä€C P`MlØ-ú„yRi|L²Á; Lý>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (53 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+OŽ¦•9¦æÐ"®Óÿ£²²?îÂè¸%û~|•?~ô*“‰+9Ï ŠdbêW÷ðÑ/}÷wŸ´õÿþûÿñ5x¶& nG£SgD“Ü…ÙAˆmÜ@÷Ì n,ñ7¢‹K-®x<ój•ßnœdâXñeY…•úp2™¬6Ŭagh¸L\Œóó1ª(zKû0ßMG· ¯œ¨jjNu©ÈÁiÇO3™SÒÓº‹{tºXŸÕí0¡-QåÚÂ4£œU, €•Í zR˜_/9GM§ä–Tž"•îÚÛ^„áÒ<›b§UNTtjˆ1ð¼‘9„êû••¸¹ÁaXeÑQ„Öƒ*rŠ²_]0pQ*šÅp"h'¬—Áì$ŠªÝ4Õ”Rkà-Ö£•û·^âtQ -£xm&Š¦N˜‚/=e®³©(L˜ªœÁjÀu=•ÒeEßÏ(Á"SOlAÅÏÕ’Ó‚÷þ?ÿ—ipŠžëàÏ&V‹•FšãMÒk·ß½s¦ÃztæíÂûï„×Â$µýÓW¨¹2¯²•“ƱæœÚ•Ê¾TLìÓÓÖ¼Ù·ªÞ:;»»;÷ÿ7äâáî4Ab·Ú:ˆ"Ûj¢ëV‚›QUu(h® ¾’8»0T±©TϵŒe7MlfÍ:•£#‡cHf© Ó)$JqÏ®°t QãNÛÿ •žLnËŽ•6„ê ñ=+/ZT•¼•½{i^ßGá©o&ìX‰•î„¬=$" U%’d´•å<æ Ó,mÈâî‚@–¢À{çIý|òºˆS²•±ðãµN™¨u®æ%Ì›•ëŒ3ß/²òü4“¢ò¬ÅرVêáÂLnM!?„¿øÅ/¼:,•ÒµÝÀzçdNíúNáëÀæp•¤<æò•µOjž\Fœ…Œ{eúæ2ˆ© °Ôvs2&¾jÝN'Íö‹Tb–Gz F´—ö‘‹³‹ÈUäKû^æ|DñÙXÈx½Q,|¬iW´IìðiœË”Rj9zㄬ®), ?Œ•ª•dS‰4 BœåC_^qhÑ%±y+ôG6|ü÷—»[Þl÷½´èÂÁÁQø1xwáV9•Àÿ@óÊ~#quIÓH¿È(žàñ'ÛòMÊQøçMYÖ××U*Þ@h•§tüð꺌-b´E^2·ŽL?Ú§d´Õ:<àÄÅõÕ£øÂ#çÊ Îi‚ú¾ÐÚû™8ýÄ\/½sGÃÂɯÿƒœåc+ˆžŽpÕB¼Lo!¬Æ“8„£Ûw`üpë `«IeBe3jWÏ´ÈRÔ•ÃàUÊ(Ì"ˆO{@²¥ƒº³Ç«KãqclkT·•‘qžVJq·ÝQ;í6ÖÑw0ÚÑ)£#"ë¬Í°{ò2«ò,¼ûäã{÷â^örIÚdŒÂýæûÝ]Ú!õM±Öù=† 5«²èÖdFM³Æ0žà6(è`Гg²úå°(;IR•æ½ÇãÏuù¹Ô…Ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (54 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÎäQÑëVKqÜŒÄÌñè0T )R.€¨Ã,a4lÝknG¦ƒØËÄ]ç´çD‚N¿œùú_þCÐâ•Ï[•)U•M©µ²<ÓÈ¢ÛéY“68¼398Ô´ºÔU½¨•7o(é?N«b½Ü'W¥”p2KXS+VÖDfgSíÌž4OÁ¤æÅuÉÌ:XšŠAw8u•¶ÎÍ¢QÁ©)ëI‘²á1V1‰Í7€œ³òXú ± *B—•Øz»õ=ÆÜ©Ê•mä;ØÛ¥]Æy‡UÌx>Ê< •‘•eƒ˜ f]fyÔîIV:¿“ˆež%{VÌȃȊËÏqĹ̪ŽÖ0õœ•ƒÓ§;Jž+ϵ³#ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (55 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

/Õòj˜w(¸ë^|ê~A–Èø-ðHöä_ÁòïÖGqåï à¿l€±Ú£ápü|‹[€Äp8±žq0ÊRËEMÄÚEin‚y}}nâžà2eõ¬L£€ Qð„#x•—8k2 õ›æthËRWuäë.Ê7ÇmÝNlÌæ´1è€ÞA[í¨"ºeÞ”I£·=¶Úô

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (56 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Þ1•÷Ær‡þügCî^R]ƒ·£ýí¬ºÇ¡…ŒÄKe„¼¢ÙµEœ.°É§qø *ôóDS´«Î’Àš?úc•Ð§öB¶ßfßà¾aNêêÏAÂwAj•¾êJ©u]y.ƒQ”xõ|ÊŽ*Gqåàð>°XQ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (57 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

õñ‹åcÅɸˆ±øQ§ŸÓl&ó·û‡l•/ïòGŒ •œ`55{ph«5ÕZ•[ÌÚ6’K•4,•šªC°ÒÝ^®¨×8AèúºKEz8·ÕÆùEÍãTöÆ™F[±¶F{ÔÖÅTð†÷–^“9G-",íbI•U`½.U:'€-ª«Ç7-ÜK‡nþк٥-¿À#Ü ÒÚ@"ø%mÎëOâì!MÓ¦M0(¶ 3pãò¼A…,”;˜¤vncÀGûä ,¤¡`¦¹yëu‚2‡¸OŸJ˜ØÄɦyÚS·’¢è«¬Áèý:Èx–KÇÉ®Þ _ÚM@Ý•–;Ì=bï™Ã…•¿ ‚Ëc¯ˆÉÙ¬6´ÿ…ghðëô¤^Ø©ÅêÖñ_šÞg(æâé¾,?b=…%k¶6.T«µ¥¥˜ý±mÌ&ŸM¦ggcV3Û¸yKE©hÐÚ·fÁã®ÓØ[|»HŠaùÎ1‚u6½ôŒš±èœó

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (58 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~–M”–•/ÁkºÎQ•"ËhXM3-³Û)u±¨~¸H“>b?C¦ª>²Ã*LaŸÙ¥Ý]µbtŇøLÖ—DVeÎ|›lW: àoò˜È©M–~[‰ûú0åMÐfð² 2ÚÖ©9†Ï~,RÅü˾W'£,(£E4Å÷3°ö÷ãpϼÊ0wsQ¹ûÐFµzti»>±êÔn£•)£8ÄÔ3[€®3Mkbx´Åc¥¨ºKXÛâRÔé{@Õ1ðÜdò¿9SzÕé^ÓÛוN`¦5•Vω;rüô¸‘îQÏ&4»,¬ˆUÏÁ´ª]

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (59 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

=¼v»Xäh2X%éâ¼"3'6 =…_¦¿\Ài¬].z0ª°ÁÑÅÊ•l ¤à),%ö‡/ÓÖ&Ô¨³É8ŒGöó¼æ•Õò¶(è šD61Aó¤÷ VLÚg›U`z'%aV0õ\&ѾžÂ9¤)ä/YÑÕ”¾°Z(ƒçà’$aKâ•HFßÕrjÕbQ0F¯àX5±BéËçæÑZÁzYyµ$•Åp;F.d9ǘ(‚Š•Wü›eñYxß«_c¶úG“D/ ÃfÛ•B•4´,8bñ1j¸2dÈÂBäIe4Õ¦Y4mMZ=¦È4ôþÐxÛ„*9ÓœLUoºçXqõ†Êš-¤«°½•$IñvÚ~»Ön»T•¥w;z‡8 èð5X\“וÒØ+>YŽO‚ï?—ø¨5DÆ¢êã>Û•žL fhDá |x9-ºóÑÕCI(Âj‰‡{„SA»4±ô4É>d²<ÕËÎÐ\2G‘Wæ Lcã$“&Y- /šÂ£?‡ƒtu•¬Èøql-šA:=<•4\ÜÏÊò+Xf•Ê+“³”òqK¯_¿évß¼¹º[8¿í$ËP³€ñT<îÀÍæ•3q\%Úu @w{§§pßéi6›93ur|R©ØÇ…;˜H,Øx¼›õúxˆ¢vù3¤)BÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (60 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|qƒ8¦ gö µí_8Õ0ì5™ë3à9n°mì3tF“‘suuÕƉ’¸×}³Mã´tœdŠŸTœ€Þ‚Ç´¯Ú€¸É>Fmìj]á¬NFdQß–V‹ù\Ñ,ÒÌÂXâŒ4U$o

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (61 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¨_‚¡ŠW"ˆ•.Ë÷ž-@LÓSò™‰yf+ù/NäÙ8± :šè"²Øai°’ˆSª•7Ø–_¹$ÛÿÞ]•ïc>Çd)*ºƒ• ;×T¾ÒZ•W¬#:à >Ö"eÙ–5‹ÕfÖIVV¾ûÿ~âÈ2¦~¯~ÿúw e»ºÞþ'»ñÒ®€ƒo-{ŠsZ§§G§§Z¶’µ_Ï `¦´™'¸pT•#zR¥R9‚Œ¾$D

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (62 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+6ðàĹršÚp8Õˆ£pt(bie¸<„ïñx©t–•½“)mˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (63 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

V¨éÌÆ›1ž:Ä:¯át4b¹ëÛVäz‹"`l•_PgXÁ^LÒÎSIÚw°5êµKd[Š9Ävã±ôÝ~ƒÀÂ@©Î&Œ¢¸¢£ÇÇÏPiÛ•kÑøyÈ"•ºÈ_Üôiî?ÛúmOl¬³Ç2Í¢“ðK*¡¡-˜>[CSV

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (64 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,£ÌL!ßY+¯X‰½ç§Sa4Âè_‘gˆv‘B®¢¾•¤è)©ôu

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (65 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

üØZ¯9µI‹ÛC¬ÄÉëÚÐj ´±Kî&Óæ‡zÃÖlüäNîÆ´Èâ"\Ñ É¯å¡5Ç Ç˜aÇØ—ÖRcÓº1*EÁy@Z,^ã–"8“×ç•6æœqÌp‡'…Ú/£YÌ,Bè/ô«•ùµ…T!Ê¡…%•º¹1nn.pðÞ%zÿ¸eŸÕ°G›Á"Y”g°ù”$Ä/D]¤ÐižÂòˆ, BýúÕ"™HÚ\1•£$#FO˼·‚cŒáúº¤ŸžÊºŒÙR,qÀ,!‚*Gµï‰êž1Lùµ€A™u•¸„-<µ¢µÕXmµµì‘×opŸ¾åµµðêòèÝëwc ´î9–ÃCÃl3çH$•Eë+?â•Of‘Zô

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (66 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{@g•ŸÃá·–——-•+j•¡*ŠZË+c´€¶¦M§Ó‰ömÔB•„PÃÞúé„”<Ù…ÜB»ˆTE[“ÃëÃo9›ŽšhBí‰F¸jÝ6G¥@P‘C—„O†î”®óùkfæÎѼQÁ{›‚¯<å¨v»÷ÂXÀJúÀ –6cZo‘OX¾¹è‹Zô oƒ3VBRá+‰D4•ÒPþo.ÓNhÓhJ86…¨67½?*Ovó@„§<]O³LN“À•¼Aýy*¤îË>ºPòs]Q„íãÒê1¶J±Â?NQ^Ø•áéWw"ËmÔj¸•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (67 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

«&íêÍùïÞtß|ˆ•âŒåj´€XŸÍ±ùËŽqa9{;¿ün ¾øêêBé†õÇËCì\±–óz-]^ÎIE•'¿yE#†çš

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (68 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•CÃhYs|,žÌ-´‘Ëeˆ+ô"•§6ÚA }A”îØtƒ.a|ÂkJýtÎÁ.˜´óëâ{•î8G=œR«G+'üfüd V&ÉgŒò•Æ™fçÕX•.qËøOï,Œ5à)Â=-Jÿmò°Ø&›CE2y*2¢Á2}ªeèÓ–› 1jã]ñù>ëžf.ó-Œ4ª2#i®cIßiF×å¸,)ϟ”…º“B9°þÂòÑðþ•@¼•]V”{ÈÂiÃ"[«EgõáôöÝë7®•ýd´Œ}]Ôö0Ÿs@Ác)ã»»Ï~\^žcA;‚,7"Œe1`ÁMs¸¡NFkÈÃHl€¶Y}ná¦è8€8ieel•8U“³1qÜxCðœ>‘…ü…ÐÂ;æèENG@möÙ´9j:`±>FÇ E‹Ì›c^Þ9JEd*ìÌùîIIQÍ‘voag!¼Sh”mLš{8~†•‚8ÄÏí è ± ¾ÑùÇ4I7Øô"¿é™•ØŽ3!ngYA)Žî••BCèéB›W.”±¤4Ï= zÝÄ•Y‰õ#d:FRò+̧<ßWÍuÜÅk±R~Îù¡ø(uÝ[>[=l‹þ…,¿ÊVà0á„ÆX$›-•Ý^Áá¸>¿º‹Ö°Éf†{‚#Ä"K‘htš,ZãÛÈ×i{ÝåǬ•åyýɼNÔ/ðبž ×èU·Õxy|bÛ{¼<·VÆ,"JÑwæΟà“ë¸QáœQ—Å×q†t:úö$¬Éq³MA†küË JðEùjŠJ•wÜ^/ã(&¦cYg”D›…™þJ²VBÓT%Þ¬÷áë-¾ ÍT}¬†”pUF`Æûb‘A‘…•7€,´ƒ~;=Iv-ÖäÃ̱ ¹ˆ‚Šõ:÷ó|&›o›p/¹‚Q OMaÀùÜúi)¥’S¦ ¤ê´áž¾¯

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (69 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°¤ƒûáýX»PîÌúˆz²_=Ðî¿••LVv]7ÞŒ/6³†“wôq•ãŒk€¥Õj8²V• šV9`ð@?™3&YAHÝ•ÝÝ•_`®€Zà>`A|œøx‚FÎqÓDÀN ¯d_½úuæ(v$´•®£Èñ+8Ǹ-H´eBœÏ£Ì&âí«É„í–ˆnä` <"‰—?`1¶ù\á%ø÷Z™ÆÌà&£˜Ê)•ÿŠi¢NIW»R—µÖã4†sŒÁ›×>®ŠÁ†û„—YuQœ ¸ôB1ÂV¬h˜9‚¶²ÃמßþÌg•½•yRx•Š®’˜‡Þ¥•ì oI•˜’˜ Ü-'“8 ^Þ x=•˜ðëP5‘ûÿ{÷ç6¯+[•É&·¬„²äòµ&¹™IuRéêNnÒ™{§õV›ÓrlK¶õŠ¬‡ÿ€¡SþITJÒ0E¥•[)ÏàE% $Q$| ‚£áŧ,Ù™’-¸»,WìtU'U³×>çûRrúó>DYäâÞëì½öÚo¾éôõúx#ƒÅgu[ܽtÑ·p•Ç"Þk•Qí|eäZ ªGå˨dÁa–AÜö•¶4ïbô” b¸ãé‰Ü|ó˜êƒ¸Õ|Ì)¼üà§=!0eïÌL²==•)žš˜ #ãQ[@ˆ órŸž©ž ‘àd6›mb¸'؃ώ´ÈZ{–ÍÔ›Ÿv(Òí•€,>‡nžhÑSN&ÀñqqË»ÁëY|:‡Ê'º7^¯Ó‹ï+êÏ•*3W±

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (70 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å“˜I@•wA†U>ÄSômOK`É\ˆBÕÜÇtuˆ‰ñÁPH-lqGäý–()Hoâå¦á5¡ç›Õæ½ä~úóªM ˜$–r>”xq&zÔ³³·fY&Ú%úÐg dÃgÔD¨¬ÏCyDßï³¹R.*yî704çt_¶ r]扦Ë5Xýež%¨ûZ®¾*!ºÖœ«(ìó^X߶«i•±æO…•`×#Lœšš…]‘ü…Æ&ÌyµDˆxµuO‚£Éd²ÛíFxËþX •

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (71 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ôôƒxú ôn“‰0e¶V63ÔË~¿?Ƨ•¥f·{ óôÇÄ»ƒ”*cô5M¨šêXÈ5Òb‘ ;†ZÇÇÇQ—ª‰•Àò•û5¼Íê7dÊsø¬™«‰DfÎ+UCBž,bÕä$‹åÓÂdH-‰©á•:1ÄvZ¾v~‰ˆ%˜ú5¹óк%è;68ƒ0á•)Dèát –vFT\;ÏNnBË÷3ZÁ`”A®‰Å‡·0•/Z:]g„”Yuƒž¯×ò†Kì¤$,!8û¼7’Ð_ñÎÂÕ•ç¿@®jJÉק*]ƒ+§Óe-67a¡7÷V»ˆ"uÇ°¶ÆW)f[<¸ŽÁîc,ÜÒÞ\µgçÛxñ4ÑþÁp•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (72 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ã0injƽ0RÖˆ¢W63Ǫ•6ž ¢$•]R••GB2•ª IDAT[íPhÃKÔacê!ÄÙ‹vº;^M°Š úåJ%QJ((¹g2¥hd0fë ±žÔË»o`†åã.:•ÜÜæjƒ’ð©Ýg†Õ$Ët0a!QÅõ÷Z°Ò@¥é”×Ü•ÙðÖðÐì° Xì‘,kV×D¡ôÚôÀ´Úi†’™GÇx8õ¼¨~²èêŒØþ<ÄS9ÜÎÆä•€&vað€•´˜‘ï:S󇙯%¤Ç•ÐEpÂÝ°zmÄp§…g/ë›92Z©ÝæÕþF½â6øNïW*᯸=㉅a¢0¶kO¿‡[b¹x…‹ŒJ,˪Œ5ƒ°u¿•Úüú–ûm P‘]Mó¿]à‰¢•ÑDÏv.ŠZF†›Ã.af6Û \lZ3%|–¯†= \ÜÃVõR×Ê/ú7#>¥³¦y¥,—DˆÂ"ÖO a¢'£D#cgG#žŒË›@?ÑŽæÍ¢Hh÷Ì$ä™Á£x,†\J|J HŸÇÑ5$’5Y§šáŒ8Ð¥.î ¯‚T=¸þgÑí[á^ŽÓoI*DzWCU…Ì*$=W½5iÃ;ï¨!Ëõ¨RuŸ”c˜TÆå>¼P('æÆ™²¤Æîóö`®™°·å†yŒÎ•1#·tÍóaJƒ~£‰°…'d eÁ½6ÚMuÇlñ#ƒøk"äQbR=¼odÄä ØIX1|€ >•¥µ(ëpXê›ã|XQf< ˆaâA{\×Ü=˜•+™«vÜ9§²•@Ìã/Æ°Ë7†:+&˜R–J¹¨G6• &-áa%>àóìb¤g`1]gû ª¯èBÇâºèþø›wp¬BØbAÃy¡•†ôj`€ ?œcD¥sXíIw J¾(s4»†5«ÜþàƒÛbæY`Jð8•,ÌRb^Œp°7€,¤B·”¯õö_ IÌôk×@cuyÁÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (73 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

î\}§Wµ©}Ä)²&PðÂò‚Ë*‘—vÄ•OŒÏ%±¿m¼’#&=f¢…‰ {•XX?•Ê_Øî£ €vh)òòìI¯òüFŠU[„7‡•áŸÅ+ðv”aÄî L:•?hÀÒ‰Ú©ÓáX•••D“Ø´•ƒ•ÒéMz᪳+K»‹‰¸'æ‡ß²RŽñFãlÑ÷çDë†ÈØ•JBIÂr¹TÂÝ1É-NÄ/Œ²²¡|:-²¡8C]õ:RíW?[(_Ÿ‘À¢|%ØÅ:ž/•CÒuïüyqõ•Ç.F£R¾" ôÇR÷C„Å›0Sv=HR_|'$V…07tf@èø u•“¾[orÌra”^…ÍÞ/«bÑZ.ü¸Zu|§··Ö¾éë«¿–⹸§3c³Òïykër®TyÿN…051•úÏø\»âç”\T‡æ…æ¶1•ê—3›}¬e~͘ÃÌ37űÈiPvŠYdB!.hÔžhžøŠ(3¡v(a:FÐÁÆQ0‡ÐVà#ö¢¡!*ÊiJ†“%Âë§ZâörÔƒ!ý¹d¥„XULS*•J²Â~[¼øU?+~¡˜qñp4OA±jaC µäX×$¬CÖ#gXb•AÚAyN9ŠL×8^‰— Uê\"Ý4!k?ƒ|(“ó]ê>W•§ÔÅåuñaîekÐîÂc}ˆ•Å›¢»ºx²ž7,½áz³‹%ú5Ÿäµ{å¾RbQ…(a –õx•D×òR&aëäð•Áœa§•~sWæ&&'á¡7>7G?„¹¹2åÇù0j’ÍŒ«uMc•hž;ƒóáõ(Wʺ%꟢(ŠÚz$L)22F¼è¡t„Èd0 ÛÙÌf˜<è†ÈoÚø²h6‹XeµQÄËJ²NÐ ²¬Ð^¨IqÁ˜J˜õ&ªE¬°.B¿2¥J’.O(æ'8 ]G6×¼¤É¸²:=ùØt½ËmºdÁ\‡®ó~o¸%fèê7<•÷å†Bùa5Öd£¨@®¤|Aª¨øO¾ÅΕg´E>Zg®ÍbÔBuA’v¥,\¯Q´ëê·°òêMº”X|l˜Üï 13¨Î ^þOó^ W—Õ•T¯ÞQ+¢kØ•o9Þ©Fºø³6Ibeå΄<´r‘ææ¶pA×2ߌXʼn•`Õ†¾M3R!DE‘ŠÝ?„‚bÔï)F£1®EE²Üžaw|F0h0G6+nˆŒ&Æ”M¢Ì&UÍN›•˜]šˆ¢ßï•°K%÷ôaD'Â(¥3)&)•1æS*yŠqOI¹•ò(ñvºQÎ\•áh”Ä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (74 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•×åâ=–!žÁICø•Ð»c zÍêh7Ît•Y»§â¼VlWs öFÃyål§yÝù•é! [Ó³·êE~bNwFøŽòr˜›Îrt„Yr•%dȆÕ(œj•sgYå~m¸Ÿ’Ó>ß›#ÿÏ›”{¯\@6¼|e °þ³‚•†(m˜BBJ͉õ‘‹•ÕW‡¬ä²Í™á¥ßæàaûHÜ“[•ªmqii)Ç2€iæPÕ<ßÔDhjk¦¼8&,ùØêª @ƒ9ÑW¢z"(!@›G7¿l1,¡òD_&ÜLàšâàå•!Ž€W©Çæàò‚ wO,¨(V•W•Ó‰xZR›Òéd…2Ç+¶Ê9Œdä<ñÒõœ§HÙÒauûˆîó¬´Û©(Wé†`³)˜^uúëi!¢.•Î‡ç5ê^§zÆÕà»ÆF¶úóˆ#`N£Ÿ•¸}‹–´×D´}6ÅÈü-ö=!•´Þ•Z-ÆYÙ´•ï×T€è°ÞBTŠ°õ¦óMKÿ õ[z-ƒTØÚŠ!œzþ´zkЪéûWlW¯T^EÉ•3VÌçXm#0ŠÂäJ,ÖnÛuêÔ)fRcc£Âx¶™•´›Pl@£•¤ÃšiVÒî¼+æ¹j!586Ö=v;©¡Ä‚d†Øú…ÈXÓ.—¢Ý[S+|ŠŒÎz̧(B•ŒØUh&¢À•±öñV¡œWÅžüc@–JÐcA‹U.³,‡%søC6V38;•½˜¼ïuuÚl°§kw¿Úö¨íPñSÇi9õTkMõjxáúŸ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (75 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÃIý•[ùÁX]PC

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (76 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

«Ò˜k¢9(YpjýbóÇ_ò†¨+ܼ)êR]kþ縢€/ ×K!„›éìðPˆpõï=éN£úþ^MÕ^3XSCÖWbKM•š«·N:óΪˆ¥•Ö?^^ʱßK†cQd•AWh¿ßÆÞÆÚf’GÇØ„O¸ïB·Ü½¥EGÉq=…è£>„³ðTAÜÜéæï/ú)bØ=¬ð+è²aT)p‰l¹•cxa¾™^ ÖA£Ý¤=t¢QV‡Nû⊌«ÓUl0ô9;ã(nf¬¹²P–R¸*Wy*1f‘ïd!ÑÕ:9ìè ºGö¯i|¬í0땬c=-uá—úàL X?ËŸÎPÂJ\Ë»óŠŽ#CC™²Øìô4P .u¾XçÕÙ©`f÷›×® ¯‚ÇRõ•WÔ …@åJ4¯õ>—å \—ú-Wx•;ÈIõq•ÿåZ6¼¬AG¾ÑÊW½b½ÜjA_]"\• 5]ß•›«e›S»×ƒJ{Š……±S/ÈÃè¢× •MM»XÑ×Ä ±¹dlýBóüzn0ÏCqÿbš"ÄT”… .º¢Äº¢Ñìúõt£$ µ5¯_nfJ6OcÿQ)±VÕâb´-—Šºë×=åE c[_¦1Bᕨ[ÑÃw”FÊEuLŒþ6VÆû㉌×çu¹ÕÝÆÂäöʘø÷w•…2Æ•S_•1†ö[º«ÅwñgW•ÔR–ꩥšÎ]Húéë¥SŠ7•r±g2[ïɯ#,E¹‘ŒL†³7Ea ^Çúh(¥÷Z¬¸Ñ•+ìîËê?SµG¾Ü_S1¬V=pÞ©ÕAµÒ»„Ô#—A-ZÕ…¬¤²<@1gvŒ8Àšébï•456¼[v

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (77 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

_¬âƒÖª™VÍÜ„mjX(0´´£ˆ…Bˆ¤X-…l—•LqÒµ••-p…¢/Å"Æ'²ëÇtÑ2{•tºB6¢ãØÃ᧜kEñ²ŒF™Ðju8••`vXK¯5n%'1Ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (78 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+,º˜p+_š±I;/ŽYü"dQýÚCjZ/V?‹åM0ßÎK\Iz߯-Í\••óÚ-QÛWxm($ïw׆|3>ýÐôФ?àKùBù«úšÃ¼ý’cþ“ê Øañ®ÂšÑáïL}ŽÖ¤ˆê¶•.=QF‹ë•4Æ•¹ó‰5ãÂÝ^îü’¬]¯‚ŠK¢5Ó•wDYJ C5Pi¦Ü_-t_•¬2î‚f¦í¨MÒ•±Bdשu¬äþ Pa´š›wñU•Sa–ðÔÞŽ&t»®•r›Ê³X3Úܼ^*GÇÄ‚’h„¢\äð¼P§L$Š±hK¸9¼H܈¢½ýåÊ‚ÈlQ¶R–ËQF,,Rvs8ûúœVz0ôî2F/°¯7Á†ÇhŠ>_J˜3¬ÔÝ°ûE

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (79 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

—Z±ÃImG³)–X](FžÅ»é+ µƒÛ•)•+ÞÇZÇÇ4\1¬¸|%̆¸Æ"E÷Ðôµé¡á_þìÖt:£xS)oÜ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (80 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

M¦C>þî¼Ö°5 –Þš=CWÁ~=•ËË»!·mT,=†üõÃÄ6ôF Z«7}ov:y•ý*ÏQ RrU«ÞP¦Nú¿p4[nWýlŽZ¼ÆÕËì0(ZùýâÊEݯ!ä¥2'6¡^5??߆ µn”WK±°¨#D•#ªˆ,5s0Ë›TtáDX‰°ØÜ4:_ ºUàC\õæuë£å\)WhÁŽ¸p¤œ‹F£å2½XŒñbMQf\¸ÒéŒ{b¬•)daΖIúäx)OIs•9Íå(·‹øºô|ԕIJWõXƒêu…Ò“^wÞ•pOæÑG¾=+•î¬é£[áù~Ë0•žË—)’•%ªä#@§_XÑ?×p²,È"]ÝÕsE_»jƒÒ›¡ŽjiÕ©ÇÁè‘wºj¶3kìG}IÑ/aíŠÀò-ëçQ]—îÿ̱9ñ!"í"Ì•t•FŠ‹ºÅûH•--2:qEk_#ÑpÄ;x•™BK¡•))ä€O”fÃq›£ôVŽî‹YL–”†¼¢ÐÆgŠFéoÑ•9«²uv&âHªE¾ð`M+DyžuípŸa¿•‹Åi°ƒ»÷ Ûnºòeˆ)¶dº…ÛkHnPc¯qƒP4 EôÂçæõ²Ð%ú† •~î×ÜKÙe²ëÌù†Ù¡ÉñìÂ` 39pƘêɤVnäg9à ÐPì^o‹ˆ¨ qÐW^£ø¬B–l ¼uM¬1® üjËÒ…E•ÌÜo¸ßp£t—H$½½r]BÝûUôJ“_É|øÕ‘I[•Ùå‚¥•¢ˆÙöµ^Üss\²fœ.u ¬],.´5•:ÅÄýÔ:uKªUc²è¾b¬QVtq±E=áõóó2@µq° s_‡Ð@(ôd#Måx<Êâx¼XF*DÆ,ŒMD?eLBP"Œ‚•c:•`•Õp1´Ç=~í`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (81 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 t¶Wæ„}4Èm^·\âåíìÌ0Ñ@=IâùG`I1ò$°°3’[˜™ŠiU-DBY‡ç•Å.ð*‘•a1@ŠøÁl

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (82 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ù—7 è»Î4ðÕÙ %ÚKvƒ¿ö3øù‰Å$ìð?@ÔË Y¡whø¬‹xÆk kxàöí·Þúíoo‹‚©`Y·„-Q]d懕J:má•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (83 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

CS}7¼É¤×Õ«é¬Voç7ûkúö+5hÕÚË5©kþ4”½cÁÈÀ²î“sVs3qÏŒ’qJK[êŠI•+œÎN³ÃÄÀº•"–¶µ‹—+ñ•pT(GYä×4.TËUºÂéè´sÿy^Ë}óX5Aq–§M1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (84 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Vûyj²?‚ÁÏu•Z„ÒŸiPÇžg§ïÝPâÙ¤or`X"ܺ¬%òöÌdZ?]'#$¤Î^‚ˆY†Ô-a¥®/U…ìƇ&y.OôÏMëótëô&}ãÉdÊ-uì’¢K`i·BÍ•ïqê¾zX¹,w*>x¤{½˜+'ä¸ç6m•#,)ªÿ¨µSéDyi†µK3R"àå¶['åB–?–¥€ÕÄÀìJTÆv‰9¤ÈF÷bsÇÅjUêÛA³ÖÏÓ5q±*ŒÛ!Å*^Ó…±yO.Zˆ4•J±üO4[,Â…H$— ø•óä<áB1ΓÈ%óæ0Jį(bQ&EA}1Êž„>ÿØUi»oœA•JRŒr‡dvK‰ånàH—"Š^.hG„R4•™¸‰ 'ÎÄ„úˆ¡Ê>œ)¬HhÉ‘•šœTbL¼“÷TÒ¾·W?Ü ×(Á'ùgùTz<Û‰øBçÕyhU38Dxð(ôw`•½ùyjKÈUÞS/|#õ¨¶‚K¹Òî7,¾Œ7ó$=ñXÜ«TZ¯»€p¡FåR•æB•¿×Ckõä<áêÞ—Çñ}ó•|úÉ'‹¹LFYÒÍp¾ûוEO}Ð58uª¼º–51kݱ N¥í/44ðÖJÔDÛÔêzv)·”ËU XEP-]{û}žÙ™‡ö/ËÓ;x ;ꕬ2Ý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (85 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Çã9΀å\1[L\SD‹+qO)/Å#ºÅD²p˜{®æ–ÁÐ(b CzW|Œ#‚BV O¼ptùä5Nøü%Å •%ˆ$CÌ'1&k–z`ÉÅ'5‘žà÷¤'˜eICeN•Ú,˜Û¿q:•íÌ€¾×8ß ª×˜•Ï^CÕs(¿ñÿ%:#LÖäp*¤©“>ß$}5Æ(¡Xx'‰¦æYrªC/‡ŒÜ(‡ÜÉÄÕ|ð}Ð2fÐjµÓ•_vYzÅÕ5¬Ç›~XÔtÈZ+ËûIþ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (86 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 nßœO¥Pÿ*D2Â:°²žëë;wÎzŽ“ú¾•°8LÛˆ•¥)±‚î~[8Ö‚·ÓYÇ%÷ѱyhfPCˆ,–±)W®b…Ru‘â•n±¥•yaÂ?¥ƈàÁœ3‡¬r<Õ•Ž®•ÀP%ÈyŠñŒú>•’ð$* a,VIå¢<|SÈ–Kå‚P·/.²GH¬\R’¨|sp*IK(Pôù’•qg¼n±õ öFȪ<3Ïò=˜yÃ’c—†+ŸOªÒ“µ •N¥&dÈ ‰U••¿¢åV•¥–K1`FÖ¨é±osÈô‰]\ ½5+®s¢Ö9Ë…ÏÛÿ Ÿ•%(rñ”ÅïâE£:¤Ïã·&Ïƹ]CzÊÄ)DÉ¡Uà¢èAÁˆoi7&#‘åõ“>7)‹Xö‚ú:;• SY¶fìe=¶ó|¥Ykx¼‹u ©¿•f©Sõb4õÕFÔE8)»gij{¢ºÊfmm»D&l|A@‹h„Ȩk.4·Dæ ÕR®\*®X¹j»n4k•g*æ›ù5×áǚŕöѨ®eýhc“®Œµ¨¨Ìǽe }‘2DÄ™Dœ^h?‹-aôÈbkV·¨›¶, öE)¢ù&&&‚ ïðŠìG÷1•bÛGh²X!ƒë€'ôôÄì Ï=çm¹â‹×Z„ä3ÃuB"mR¼‡ï¨EÍšô‰’–H•Cyp/ì1œT£×·ÏtÑÕñûc©%O´ð_·y_åôÐäõ\8»Xž ?Â!È•çĘÏçgˆ8æQÍèÒk8ÖÔÐCz¬ZÂîéÔ¯;ßÀ2BÔ‚}ÑäÖ••ZaG‡jÅiµ•˜ ‘tõþ¥¦óW8ÈPFõ&ïüÛgŸ–;ãè\Â^ž;§"ËŒ`%„*|FèçF§}çS|lÔ*£D°è‚xvž¨s¡¥¥¹¥@ŸÚ’%ÚŽ•¹r™"x–(‘òH4.ÄŠ/!••DÖC^šÍOoi^·n,BlÝ3“(Å“ñfú‚ñ¤’™›)z¢DéBX¡‹.œºÜr•xâXžJ…÷ZI©$“)΂S˜ö¸½ S‚(Ñ];‰÷{àÍ–ðøý¼Œnj*+Â…9™ñ¦Ø]R>•`1BRéUÅ,„·Iqûd0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (87 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6þ{'Ý(wP*f` i¸Bû†çµ «ª¸eJ¿Ù›¬]¸v+ï»?zvôjhúüùÙ¡7ÄÄt&=3¾ú¢È°ÒÞmHÜ?ùȲWÓÜ¿ö\õÞ ß'[ˆóè)”|–~¾©°ß•Kri(‘lfkŸK‚•§®góÕåñÙpÄW.2HRU‹Uµ•Õ'Å™¬¨3û´º1u•¨@•Wt •/.—uVÀ ÚÅJŠVny`¾ºZæY¯LŽÌ£ð}Mda• Á†-Ù…±ÆÆ1¬ãñL"<ö(sIe.+=±D&ÜË¥¥hA—ma³"ð1îl'J•qEå˜çðdŠë

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (88 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ì•ÒnoF:â½òe”«„«"Ú–”HYØ0yâ0‡äe|T•%p>ÅÂQ¶Añ•cžé£yV½söi=øÃzÆZ X¢nZÖ[l“}M¬bšå&¡P åÇáߣ¤àTÄ·Aót&YôÐÿcHï› uñs–Çõe•$Qx²þú×Ê•¾¨ý£.ˈ…¡ Kïå~dC+;+šÌ°\ˆZt¬ìäï4˜]Ž Ýæ”…„¯,¹‹í_R£t>®su°²Ú¬<œ@òcéB]÷yÝ••Í4c0¹EP¡Ñç©¥ B±

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (89 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

žTxQÅT=À…©÷,=XЧ6S[ß"F•È…]MÍY4t’Jx4¢À–ÖwµPö=I¢Z…§b]CžqÅŸk³¯(ñD’•%ƒ(N5o&1b£_:%p¥ÀDMÁõµ —=¸(Q؃3 ï"•ÜŒ¶•WCù«½!c[FÆâ>šB1–þ¸à`âCbÔEN¡™:#¤¢`pK´g[ç…/ü¢wÂn”ÕS±d~–C®!þtO&3¨Ì^¶ÌŠ?3+$䢬ɱ„| ö

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (90 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 wz±}Ñãº,Z8z•€Õ•Ùe³@’Íaï Ø0«*§•°…Y†ƒS•Ÿ¯1ÛDK{ÛÇUõÈö Pu‘C"ßýP…®j¾ ‚Õ©¦Së‰H-&óóóÀž)Œ9Z ‹D«‹”——«[-,¦ÑéîÏËb)›Q¢e`E"ôÁùÑÑæ+ãË•Œs¡)žÍ•ýXõ]Œ´DéÖ¸TX€5RDõ …ém¢¾477ž¬pý—æ¬(ßÅ‚6Á¯ÄJ§ÄU$Y9!]f•îëñx¢R)A

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (91 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ȳ¬ÉºÔǵQ•Õln“ìÎÌÁLM† ÷ gãé´(¢†Òû–A1{MŽkÕ"–˜ù0ø•óòz'K ·À¹†|¹p¤èÉ„†¯ÍºBàUå ÿ_ùp' – I:ÇÔÝ"-£)n%•.åªâZ½“l‹Ø»ß$€Ä…KyW$´8L<ö××çâ••NØ“w"~ië %ª\µ¤èžc`y]•RråÓ‡•xX*)Nq#$H9Ôñ?£?K¹•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (92 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{•ZÉÝó îMMtÓC,Š,hÚb:=êл0FC%ž íºE`U-˜y4Kp-ž™&dêÂccá2ÖAŒgÇŠlÒ˜(ÆŠ„ˆÒbsK”¯‘$ÏÂbL „Q”Ê E)U8†d8Ïq{gb=A;å·¤Ø6s5îñ¥®°õSZK å†o®‚AV¥\áÑ•^Ü[ä*¨èDs‰aRVö'`'Âåý47°J¬Gw£@˶6j9‹Çæyäž(ÓjŽu•Û5b^c “®• ÿòÖtþúT¤ÛSÉŸçå¿É)ûLÒGÐê÷%ìn®º¾Áþ7h aÇÆo•“ØÚáUœì ‡ÅBWjÍ–Ù!öœò•4IÊ=mF§-B8joËF

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (93 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

åÄõ\<9>‘¿÷ûÿí¿~ë[Ý÷¹ U^Þ”Úë•TüQ÷ûI_¥òþG›þ·•O|¼òqœ¾²bbL,•©y–+œZ×P,awÅE,ôs"ìÆQ(.²äÅY³†*<

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (94 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

B†œÅ•QW\ú°ªk¿•³À®¦Íë×c«ˆÌ†…ì|s¤ˆ¡¬\¤pÝWJñâ”'™(y²aÔ&bô´•ñ*|ýJ˜ÿ«`Û8”1âÛ'L¯PrPb±„¬]8kýÅ2t4Š"qE"â_!X%ÄÈø!&ʹä88ã4¯VA󪊆ДT&„+…'+ÅA••¾®°%jM³¢¯7Ð Ö3ßHÉ•×ä>ÂañˆåžÃ‚< LÏNÓm1…–Ur|7wHCg߯½n_:aK§ÅÇ£•œª…+}…_¯˜òc•J’Þêî » IDAT][]ÅÏ/3]rRàê4;¯úÁ‘N¿rp‡?Öòú믾òêë_oÿä“•?ÞºuëÃÏnýô³•î$”"™üè£$Å,lŒ[¡·>Ý„‚,Ö4¡FjCð£$ƒÂxl´– kkXGˆƒ0Mè…û-è:ˉˆ@ 4ØýÁ ½æÂ`’Ù….º(Þoo©8ÒÜ—ÈZhŽÄŠ…X9Y(ÄKž\¢E–-°#dlúvó™ƒÎØSöÀÄ“óˆ9Þ7çõ¡*àÓ¹ýñÊåJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (95 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

&$‘ËeÏr+)e®RâåÒôÇÆÇÙ-Kë“)-"øh±ÒAd¿‰4Ç0fWLÙSiÁóÙ+)/J£âiXS³“"›7LR0•acùÂöQ-OÕJøù¡é!ýøõèhs™þŽ!”•ôúÔà”23žô¦•\9×^ÈV—ãÑ)?¥ûŒº¾Ûz]h4€²úˆµ_VË

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (96 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

—ÕN—GûQPàäØﲕwÚö@OO•Ájës‰áÍ«¿.—£Äktt•R>~¢êI¬<üâ;_þÛ„¶PÅÒ•*>uÅHry¦3£™ùÓowÙŽ¤ ³cB—?0¬ÆFYsàV¿8…NN›Ú`nl`d…¹T¿6ÛìppYŒÐËF„'¤NØÉÌ) Eaë>ìitå…H¸¥m›/äâ9ú--T‹¸Dq`ÿÚ(ôYèÆrqh¡)ÍN¤Eè#fº(jÍáò'}o‰Ya5ÎHNñpò.Ö0ȆC•J¡OÂXAMjÊ€Bl*RéÀ%²dZ.¦•*ò“ª‹›þQ§•”.tì

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (97 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ØßL•šaê!4 gµTn/‘y<#k

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (98 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

é••ñx&ªDÇÆ"…‰!Ìßèó©t>ýºÏ^•ÝHxÞËŲQ%ŽÅ=>_ÖÎý*ìÌÐ%&ãzÃméW›6¢ºB•Ë.®ƒ½¶>.|z(غ8šÅ´f§HyBÇæ¦4PZ^Á¦Þ÷ßWÀõY£l¦x%zÓ.×û¥LmSÆ&ç`0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (99 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

êq`jÁã/D ÃB©èZÇ´-hbÛè,/ϾH¡ÈnÆ<ëW/‡˜tPìÂä3ýÿʦ[\é‚àô>‚×®&<¤øֲȽlº VÑk^ÎQĸ°A`1ºX.— ë“–FrŸìmãñ^€£äŠº±ÇŠ¢ç˜‰VJEv{çêÝ6 ¤•:cÌåKüJ‰ŒðHù [aû5zÅ9Ð"•maõž–¨’‚w®µ‹#ëï¢Û· XÂü“NƒT¿Àt7`_r)¸0…ŽaX¯RÆ‘ozšxß$½còJ¶Ð\PÒyn;+‰”ÇëS’•þÏnTËeOLQ#^a¡ê}{c“¼7ÐàXÅ=èºi —ÙˆèB,ˆAb•ÓPNÃ%?0›-Æ®T:•‡ÜˆMŽ•û|ï?óÙ§ ä:n?•¼RñºÔYB·[.CÊ$–ŠPº³LÆîϲ23§õÍ,QÃZ'¦tš`‚’,°Xå7)—®³ÒœrèÔ¥z?q#5ýú÷Ù9ŽE²Ùv•,x=´Ð=%. j:ø N… …ÚØR®T*]'

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (100 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

_¾qò˼¦“Q•¥5¢Õ6òÚ–žp•iøù••ü6fëÅòf–£æ²*=—܇T£‚ïÀ4½º‡¿¥ëÚpþÅðÙƈ2”vê}#ýz¤êô•ïßWø" d’`“™Dî*wµXI©Ä¯ÒO½_âê2_òDCZF/0,>`á •ÓoÀ’+¦•Ñ×_Û•â§Ç_k¯V>|øùgÏ<óå§>J¹©9¯×ë”#^>,Muº•Î„•.£•]e2•Š‚! [¶Øbb•t§=µî´£|¸Þ°.Ul󊺮KE–èK–J¹j.×2€ï‡Ý(Gç£q•ƒ‘Él4ÂW&†‚T–U•’qµÜç¬È%ëú¤çUI•ðѪˆH…-Gu‚§•åeÅ4(—°\ž(•Â5k¤[á’(Å!W•b…)Ž®ÅXT°3tyüq±±GD•J•ð©¹0ó5õ9_‡+Õ9R;Z¬KP¾ÖðÖìxzzr(?9L¨º

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (101 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ö¬PÁ°{šˆnâK :TKÈê>!›¾ðÐx+ý‹›“bÖÒëddÝY•/•¾‘ˆfÜÄ”Äõ¥ÅˆGù—˜ŸR!¶0÷öצr,šŒ¼DGíHS¢´ Ý|YÈ®öv›•ÔNOûîÝ»ýôøîê'ÄÝ•øƒï|ç{?zøþGŸÍ±§ïѤ¶IY»AIÔÜ&‡1 ÒÞÆÈœüNAS¼Œª ¡ñl3¼#:(¢ 1tKPð¯F[šÃSpô 35“@W-T98|±–9@•ˆÔÈÏ ³øºðÄ3Ë•EÇ(G•k™³"ý‡n7N¶…SjK¶E"Q|*F.Šð#$Ì—D™¡ÄÌN¦SvÄL

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (102 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

òÞ_>ãõ%½¼ï—ëìX¼r´ÿ1n·Z×YؼÊGõIM…ðš¾õÖíÛ·oÎßš˜¾uSö£µ´)Ö]pݳK*p¤Bu•ihºº†‡’‰H¸»åª/ÕÜ%a:3ã®4MùØ3½²ël{{µuyaª÷Ìxb±ïJ`š%ø–å2l$€â¨ÍÌáÑË"øT¯Ë9x:€¼Óyµ]W•î?tè嶗•üÍoþñÛßþΗŸ•Ì}ëËg&Æ1?.ö–<ñ¡âÊ«¨ŒBÑEŸÁh¤PÓÒÆ2+B‘ ìàڰ‰kŠ¢YxÓZa±è"ÙE]K;!‚ý#ƒ0èž_hѱ¯&LE”Ò‚–ðb°aXV•=•žŸŸ€d`°c0•pNöË•g‘Kt–â1!`®R0ƒþ¥}fZe ÷¿ŒŒˆ`Nñe軕£E?ʤѷB8\ˆgØl ʯ;]ggÛ/$¾Rîû(°D¤Òóæ-)eÎUC•†+¹€saÃÍ›l‘öÖ•›Ó÷¦§oßKå§oß¼É*oÞ¼-äÈì‹„…uúPÿ„ÏjdÔ‡„q’ yô7M^•Ž5¶:}XWÆývKÚç¥Tžj_N\_nÕµ,.R8öÐwÕê±Cqn3Ò÷(bƺí´;Lfv†âŠ§Ð?º|ž€ß?âpØF®FÛu»•üé~]{û'?ÿÆ—_|„òŠOÔŸ…‰È–ÚÎ9§JelÒ~Ãdò¯ßÅî•"ËJCF¿è"Ø,¼BNè°…c$R(Lq€Ri9ÝS§Ø^–~ò(Ä(p™ìF5 J3HÕ••'ßí

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (103 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ùEuWëBw9ž öã·÷j t«Ýd´:VsŒ†œƒÃêÄ•ÎJ‚+\ÿ(M&°øÔšˆµõØ}ò§?=±»ÚúÑ–-wžùÖç?}?…<èUf¸wƒÎ³ BMÙ@AKN§âmg×öuµÂ€>Å~<à< á•-\@Ù?Á.’hüˆ?;«Á#-3ˆh2ÕK(Uí±Àœúaž•µ>æØj~‘#ô›„-ƒ|ª"ýy®&x¥ü!KË¥_é S£&• zž"² ¦gž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (104 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

³ðLËjHÕÁgÍ${½ˆ «óªµ•¾–Õê¨Loˆg ·nò!ÝËs•ºM±Š5yoxø6½5==<0=|[k/©î$úÚæ›ú7Ý3!úºw–¯#™”ÞñÕ¸¥ãK§£ßæj1žLf®Æ6Ñ:¾Ì«—¾•bö¯×i‰

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (105 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

í¦^´•È‰ˆYxÀ,©“n<…Å—Oœ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (106 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

*'kVGƒØ Ñl²;ìYì"ÜÕtª¡¡ ÜŠ‚TÛØغÑæùy¶¸jY,—r”{èÚV\\¤+¡lA–@)(™aÀ§!ņ/I—•»êŒŒÔ(Oý•Q[ˆW•Æ*¹E“_ñ¯:±A "XQ¶°‘¢ M/LáÜhŠyâZa»ìã •)žÍ‘?¶þ+«€µú\¨G–xZm•UÄ´{á56H†DÌh¨á-΃xæHuûæð½i¤B‚ëÞ$Q¯{ãã÷òù{òö¹*HåõCê‡^³•Ï™L$PÔ•üÅä•Ü®Æ±1\I|©q_2“¼ž•ò¤'¯Ê…¶Æ¬“.pôK‰j‚ªLˆz•±ž@ølÀ%¥£0TöeFðóLèÛ[…Jå¥ýt5ÜÍë ª•¯´–ZWV”ÌŒÜXÉ°rõÕPu‘›„@Bä´Ñ´‡#þìú¶f”E›0¿5¿«•¢Õ,ÖØˆí¸ ÕÒdQ´#ªÈAš]Åü‚51P°“•®v"mŽÔâšým‘!¥·êÆ-â’¬ÕbI•ã™a½+M‰%Å3@J®LщE†„§hq1Ê{æx•˜ôðõS¡x‡«Ôîœá0#@%¦¡õWä°¼H†ÿÉY,±¦é

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (107 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Wø Tå_ê••Áe ¡]À Ëë•P²ëî¹þWï}´éÕÐôÿbÒ—š‹&’.·7cvjZ=‰•+.ÛHwwwÐ`@+Çå•íž œW§Ø`#×½üºŽžÿy±º› ÖþµSŸ|þðó'š•?{•¥ÓÉ+L ísZÍFsŸ9`¡`ê’P%ÛÍŽî` )!T5cW€,†6·a‚1;ZXÕ‚ðs4„µ#¯uu± €n•(®þüFfî„\?öÊÏFO†íHù¾(|ú0Ë<]X•j¦$WcAºðÌtµg®Äuà•?PòRe¥5WZ©Ðío

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (108 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¢§å%Hu¸äu)LØJ’õN(BK•w¶›ˆº"q¥ÿê uæ‘7´šÇL]ÈÎgÜõÁrÄPš€õÛ›cK` gxzàcë^þi¼~zbâÁƒ§ŸÞ¹yß‘=G6Ü}ð€{“²‹¤W_“·/…¶sÚ•LÄÿE¹ÚI8•T²Í Íå7étÕVÑAM%|>Yw¹\uØåw0[°ç]ƒÕÞ}ºÇD\ÞðØlñ¨G÷úË‹‹íí//ætíº]Ÿlú¤úÙ7¾xØ~ÿ£ÿòãϾõ±ÓåCÿÆüÁÁÀ9›ñ"+Fg•ÖªÑA<Éä‘Wmª«(o@¥!¼Dpò”¬

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (109 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!Š ¶Mö ÝûLèã8Lš•¨Á—P•,h0qÍ´œÞ\\¬.¶/ð}‘(•V‡0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (110 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ç[a„5‚ e',1B¸X^*M X9ᇢÔren‚—¥5—cC¸Ü¬*Êõ¼E§$üÞÑdöòF $?¯Ó•ŽÙ‡ú%°êyU=².¨ùïB×ê#Ü84G¿:'JYèæ©•.V 9Dä1KD¬i„§éé{òÅSxðÔÓÜݹóÙgw>³÷ÅmÛŽè8|èPÇ‘í;î>È×6eè%Ìô“)Ù1¸§ðÅ3¹ˆl7”…u•ë¾¾{÷±M•• Ê2ŽFNQ]3uºFŒìb‘Ÿ3ZˆR

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (111 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ïí_Ñoì'[•üµ‡›?ýìΌuå™/þøí/ÿø)}V‚žãgölóBã»çœvóH€p8`Rîê1•œ6˜m•Ó•dNjë³è9ÌŽØ•¬`êžÁ€Á15hBUÝì!LÑŠM^?!…‹Ì³TzÁMÛ ¥a?²ÐÒ¢[XG(r±SŸÝ(]Al˜Ó±ÃŒTt!úT¹ˆ¾¤+,³^o¥T®.—*ïU*+´Z¥u3Kô"Ê-x•Ø• Á§óÉ•¿øÆÖ?|þðáC§ü\úª~º˜úF»»/Yƒ=—Ì”ÀÆpð7rɉ€7†e§Ö•ÛÕ<+ã`,C00É*ꨵ•¢±Ãjg`©§°2•o«iNT`àFÇdûv”¾--ë²±¢•WKdy(¬ Ë 8…VžHâbjÔ¥üÀ[— K¸îµ"ï-Aõ²RiÅäÅ«¥ª±`+•¬%-–Ó(Éú„ 1LÈ!=•·ê•…±w aõņÚÈúãq¥fÀº`¥ù»‹#µ–2óÒ1z£A:ñÍðæìM•nÝf\=u/ÿàÁ³žÞ¹sçŽí{öt<ÿ|Çáç=ÿüOž•þ•ýÏ=ºgÇ$Fú¼üÄøääÄ•‰Éü„pHùqV%ŸR¾oëÔÄ{ÑñÄúÆSMmº'žXvº¼•N5 Ö›Éh¯js¹Þ\ßtêÿ~åŸþéõ•þ§W!Èú/[·~ó›Ÿ?Qýxó[ÿððáÖ?|ÚúÑÇš$™ø»mÐ`2O5ž½D?s• Ã%áÁÑÓÍI-ÖƒiøùpË|sxŠ3S`0L¡öÙ3Õ$jeà”GŒ@1?VŠ~»A„*‡ZŽRo{V›má %8•„e•M¼=üüT•³‚¸~dyFŸ UÔµè>\ÎÅ•Ö*«Rëò2Uå*o™VæZíZªb(ÛÞ²Áè=J¥Q•"Aãa7õÄ•¤•.¤0ýLüJÌÞ…¤–4ïàÞ`¿*ýc¥²ª®U¾¶¿ù•xrYô(6èÕúø;MÂôÕ 7oj…,\?`¶u$þöÓPgÈ?ý4,ŠV{ö9ð“ç

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (112 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

2 æÁàÔ`O`×ÙyÇ‹,0«¦(5?H\‹{ŠöÁA£}lÐî§h4cå(ðë™5yba\ÃrP4ó(•‰W5K. ‹î‚0+ícÈ„Ùè"çÂEyaÅe…€QRˆYµV«‹â¨•ba®ˆO*Èõ_0£•³£mØ Ÿ¶bTÊ$PC•IH=ÃLÜÇ9Þ¥È%3‰%©Ì¥ÜiŸÍ•d±øj••©{•6Äèëëv>„…aýZkˆRáíé{¿'x=KÙŽàÃgûÞ½‚î PÄzšÒ!Ŭį~røðO(ž8xüUŽZ„•'(d<ù±âõÎÐOVõÜvª¡Ëf:çâú6B‹QˆŒþÀ*þu§ƒ‘A\ìö@Ö•2ƒ1»®›È»É•î{t!Ä^®‘ÁwAæc¾ÿÙÕc)•À–CT¾‹wq••Î`ÈÝCI±ˆ5&n<ûÙ·–ç0°>³X]ÔÑÕp1Z.ªWJ®Z&îN®/•a~”ËU‹å(•VÇD|Šò[eÁõ,ib±•X\*Ź™˜˜™!z’Ÿ˜Á•ÅL<§›$™/•Vrt…·Ôµ£Õൺ!ø˜öÞ•šÿ&Ť4gÙÚg¢%8ÖMø9kÎÞ[ðåä}çžÏutu?üü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (113 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

úɶŽ—‘‹âÖI0®ÃŽéxŽˆ×¡cÛ6o¼‹¨÷ì– ›7¿¸•ðõÚñý»7½øâæ÷Vænø`¥ÄZ‹år(•Œ476ží±º.3‚úƒ*§QLY¸¬ö–WOžüéqy(%ÒÿÄúju©òþÊÊrû‡¹‘ÎÀ`w·ÁfÒ°eCs‡^ W‰N´ÃT U=AÿXã%,4eOQ¯òÛãó1ô•¹„e”©•!;¬5‰F8 Ú®Ú‹¢¼ç2ü´6ÛU•ŸÀ43CŒÉC_vD”$Ôv!6tc|¿+bZ±WX¶¾\Â=p‰ç (ì ¨p½ÌJȱÊQ_-¬qWøs€F…ÅøQ‰_ŠÇXo¢ˆiV±}¸‘'‰ñVr LehÒ÷Ðyƒ¶dUš&Ë1ßÐÜðäÐ’©„£aC

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (114 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ó¢ ÊçÙ§wòë{ü¼C mïöíÛ÷8Òñ‚‡B•È:H)ØznÅ-T#öï?ÖqdÏö-[v> ´:I{òÈþ×^Ú¿ÿ趿¾C¿Òé®]÷.÷‡¼ é¦ü6Ç,—ö1—“U¤˜-ìÃc§-ðúIBAëäIÆÖ‰¯657•g«/Êe»ÕNP!åâ…¼.—í’Ý`ê£xÇ}9µýâ@5Š…êán°óîÓŒÇ`·Ÿ3•¿xv0£ðbÄ•P_Õ¦¾ºÙ¤2vì‹Ã"B$9(

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (115 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 qú/e•ŽØêä°õ•{Ff1Ó(†„„ØBÝíþb¬ÌbÑc.É"O•t±ªÌͽÿä…ñ\ë²Ðe¡ÐP`„•™…B¹{©RT2yÅöœb/f’wèPlãu™PÝ&‹¹Š\%•V}hBRá§BdHÅ’(~Šéh9zWŸBõÚ”2`GëîÇÕ•&ž|–râÓSOœ~O™qÇ3;öì}V‚mç³H†{öxþøÉçO

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (116 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ȱ±Î‰Rö£Åö^‡ƒ®ŽÂÒ¶T®‰S%¯èÏ/å*8+ž’•Ã‰jñÆ^hM• >‘À”PѤE*l‚öa2ÇÇ” áhœwDâæ°=sbÂ7ž¤ÄHA‘ýÊ()b´+$Ç&`ß Fìåì½;•Â ü»¹ÔÚu¡N!peq§ ™0vhøàƒéüλÏ>¹eË3Û·oÙA/¶ïݾeû–•;wR»'úÏ•;öRÈú * È|P'q),‹À…k"PÅ…ˆç9°o߶͛·íÛ÷ÜþƒÖ^êØ»wÛ¶cû÷ïß}tӦ͛+®Y9•jt²\ ¹3…HãØ`PŒÓ8v³Ä7“ydîøO•+••'^[ßÝÝŒ!ðŒ˜yÇ°BQSb•»(äÜرµ&0û͈u•&¹¶’ž_\d€â݃v}$Ò•:×¥zr½ŽAd„ˆâ·brvâ¥å¥ruq±üau‘xŽi‚Ú IDATh

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (117 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

帘j’]hÛˆØ ú•eÞÈq½Cá/ÏÉøg/ñø «F°„‚p•>•9>ØÕ47>—ä…¾>a{GÀ ¯Š?‡˜À0¥VŠ¸ÈêV_øÜâb©©°»–¨úU•“i•=æX¿ýàƒÛ•Ä¹‡êÕSÓµ:)½#• µsÇžçOØó“ã¯ö$éáÄbÅD¢ÌóñXâ…Û`N •âü†‡¾j¦ËKü¸.QR$¦ä!Àa,'ë`„ÂV…>¬j‚ž}s)¬ ‚É…-,Ï›#Ä!ºÍñ¢Ul¶·ÔOZBý«Eê%òW\*]Óa<#ÈûoQÉú€÷VâÐKùHÐ÷§XX{••?þʉÇOžì8pøØáç|ž&Á„+â¡“'©çðÑŽŽ}Û¶mظaÆ¿Þ¼qãG/n¢CYr÷±Ýºh§K˜xˆ†Ž8p»Íx£§OûÓPV•F³‚ý¯Ž×pu|ц+½Ó‰E~ŠÇåòÓ%€Þê1ô‰¯‹0…PwÎjU…R„ÇLǤ\èíQ•ÅȲ›d4ÙœÍ$Ƽ8Æ©´›Kî&!Z`IêE¾uÚl…),J±CßbGF,çZ[)lUu‹U•n‘â™'ÇÛIŠø¼ÚR&§ ÑÌÃ;–x=\)'4}¬Sö”Je® z`ÅhIx*êbËZ¸Bå×ÊÕç(ÕQìJðrKÄ)¦ñq®ññ9 +?S©$ÿiú•‹®HÃ)–Ž«†õÈÒ6ðÔ)EUVÞ5xý–Ëï8³¨ÈëiI9pòyºþu:qøðÁŽ¤FÔâÂöp•r•Ðàu”þÈ‘Ít|ï½;wžÜ¸²yóæ mÞttë¦åÌj#cõ|¿/n8{:›µEÏ67ŽÏ9Å[+ýÄtŒ¬ãôòx5îŸ ŠE¤.ß7¶ŠÑ/ÛÛÎÃ9Q D‹[yÖ>a^d«]Ê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (118 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

–N•,»n°¹¡•è¹ÁßÓÓã7Ûì›3ñ×^yõµ–ö]•g1|AxZùâÿXàü'ƒ›ébß¹sÂ×?u¡{‡(KU ;F"•££••g»{¸•i.o úN`Â^pC¯d”>»ý6Ö½®V„„Áa<·Z¶‡ô¾‚j°ªØöæ)bÚ«XXŒòØ—?f°;Tl!ÞùÁ¢ï w'jf·ÍÐ[Œ,ÞS8C/„åÀ£Þ eèRƒÔˆÛÏ¡‘˜$æ>Žæ-…§D‰.‚¾G+‚Ñ,JƒL¯øΘ• ‚Ë-ÚŠWôj¨ÒËXuAÃu«K¬_©µyznø9•·ÖŽX³*°ˆwåŸÞ¹wÇŽ” •8°gÏ‘ŽtxöÑ%ñ¹#:ž#„ý„YÐu’3¢¨ÔÒâÁý\ßÚ¼y录O<±òŽæ5$—TZ•ZKÏ•ø…úÝËcc¨ÎfáIÜ“•eu‡~züÕ×^~½•m!v•·Ùº’ÿøíÏz ëy•|1DȲžëcÙSŸdXfîd{ììÙÑu£ëZY«±×ŽÉa7¢^®–•8BYÍÆ ¸ Šª:ßïLòã”Íõ"v¹ü[Á®¸ò@¹‘¸»m&ŽByé1ºˆb)˜=V¨Ú„ã.tîžœ¿¨®UuZ;aH•EÐt»$Rx–yOÖ¯£Ÿã§äRáE˜Ì`µõ\¢˜ ·)5â$Ùß#E•ËW©À*dŽU7ÄÈ`Aε*jžºTm =Ò¯V×H8I\ý ïø k ¸nýöæ*d•Ð?½sûö;·‹ú韗ýí¥ß•kuÐRO(qÕïuûèXˆ ñZˆêŽÞÿòË_ÛujÝY¿°nÿø•_ÞqVÛI(+ˆ]¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (119 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

N JÒäÙx:‘Æu-Œ§6ž×B=]g.WñÔ ]ÞèÆhvíXr0B„0^䬶 Õv4?ºX0‚•,s‰p1¿Ýl¥„ &ÑçDF–§èQè31âÆË~l•,€‡?€«¶³n•½í@¾ÿI\)àZŸ@™Æ.\ +sJµ‡;ÎÂJ(‹‚¹ÓlTgŽ57'›×ªèÉçÂ>€+ªD°¿ÿÑ™C·~¥¶…ÿÕ5bW5dÝ”À’üý6÷ï=½cÔ3Û÷ìÙ~dà!Í>Š^ûö9B4ªãðs[Ç$•Ù•»Ž?xŒÎÑ£G·mÛ¼²òÞ•÷*7p•Njinåê[½€³â›NÌ}§þ%ãK*q¥ÕY¹•¿ýk_k÷Øù»îþø‡ß~棇%—Óå¬õrÄ^q•و[°û’=B³ýt÷»‚R5Ÿm<;zÀZGô£œ€Fa±‡0E

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (120 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

÷RWåßùö¾÷·ßûáLý7[•W†n3F9s‚A“Ý@•Ùßk"`•;+†êÏ6ŽüB(³nŒ=2!Ž‚=‡†'I× &³Š¡•.Z•Zøºh“|žŽI!óž`.7Œ€SÙX¤…9UØß`w/¿Û*âÅ.V¾Ç%gO”Ĺ„ʧ`q’aã„,•-–c¡|•DœCk|õ† ¨¸IVà¢(b[BÛ\ Ÿ„UHBËíöb¡}Z5ËÊó.0µé¬×ÐôÏ:\Ð EÙ°±ÖfC)¦™•C×Iwî܉æÎÊ†Û Xx¸o…°#ÏÙ‡œHWÆŸF[.JˆÜôyUª!Ž$Ì!híÛ·{÷ÖýU§Ø~ÖëRµ3½u¯ë”X,J¡è6Ïi"˜þï•%Ý•ôßÚ§ü.÷Ê7 W•ÿ§?ÿù{U+ÿiÈ:g5š]̦UP Ýc2/°¦º³, X •Zð•éîñÛ¡m˜j; RÔ.ÁÀ Á!Fm̲ze¶dK•Ë• •œ%^Û†‹}b–1¸XOè#þX€ç-(*9üXÍä%ª¼™³)ÏÊ/l¶ŒÒ™àjk¢—©ÒSMµëS„]±)0-„žZ=KA9òôîqhḠÁåÖD’•·SÔæÔS®ß?«zL¸—Dúw°Ôÿ>7Ö¹'7~ë;ßûÁ~öåþöþîOÿAçï>EYÔÚ§a«Ï‰ê(¦Vk)ÌÈ0)vÍŸ=Û F¬Æ³gÁ´ªÞ݈"©Ýh0•fQ01¢b*••Mê—•:Ý}ú"—•+é‘•Æ Ù:u

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (121 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†àƒ9h”u41BˆÎ"\•Äþˆ"xú79T[z«Èâ—2ƒÍô<õ¬V®Ø®¨"¯€˜’2›1–*ü*y¬Ä•!xúøxje…÷råx®˜ŸgW>b ¬E¤kc2É[ŸBl<êeS·TH?T[°*ã“,±Kï}>„Ý–¡ü*ÖÕU¬Õ÷Bž•fEéM•šÅÐÊç¹ZúìƒÏn•ß²aÛÞÛ·Ñz‘ˆ×‘#‡ŸãF4•C(Ÿ ] Ô-¯J€•éà!âZû(&¼n QÂœû/Ÿ~Ko?…Ý•ò÷üï¾ÿ§?ÿéïþþïÿþO•ú•ï•ÿûÿñýïúzÝø•—9P&Cë9àêâ9Ñ‚FýÀA?R£ÑàX•Xëðz´»E-œ`•G)PÜêáùfUàn¶1•²ú»•²f5Û³So¿}Éh²Åû€" R±ÓoóØYŸ#ˆI!´ÅÇl27KÊ„¤ç«âÑ"§¶=Jì½›Á>€„,‰raŠ‘¥”¸ÁÌ™Ì[ ¾æÞ§‡ ‚K¥4—‘§K"…2eüF©ˆnÑÛzO¦p…ôÝð²‰TJIÊ]riŒWÁ‡Ô§¦¾!îE‹•æë•>?éöqÓYliÐÀú•ßzë‘dxë¦[̪:ø§4l

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (122 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 taÂâî–½Û·lسaßQƒ8²§ã¹Ô ž•SU(C×KtG|nÓrÆ[?œS•\®•Õª«{U÷ÚPÈûäßÿwBÓŸ)þùÏßýî¿•ÿûßýáÖÿðÿ, Ä`Åú€šÅ»“ö"\½{Él¦ „6³¿™•%Ö:pøѱ±îîAZÝ• ¿©¡'´dRT§…„cô69pêh:Ûc¸dïilè©iàÅßj5 `6|Låa»wžcYÅŒ-'C§Í.

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (123 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|fÄ*DíðU eÅŠ(Z°Ð‹©pJ©p.©,s•9pw.´§p(?Æ*®8^¥}•^ú l ýÁTZšŒª¶l)±©[ jà%›Y•9`_…5Ÿp¬a-)6ÜYXÞP±‰ZB•{¶V*åʃLŠÀ¤¦wï•ß±cÒㆠ,aî ÚµoÛ‘Žc¶2¶T’uœ2#?~mÿþÝEg•M¸ `õÚdB˜«îð'öçS {åÞïþ†Ðô•ïþÝ÷þÇ~ðÿþïßþã_|çÛØÐ…ö3*Xç¬2j•ã‰U“•ovÂØcc„+Æáj”"VCCÃÙѱîÓ ñ~¿•008u2”ÌÜ®6Êž3[}p™Õ&ó›¿á4…*G`ì]¦bÆ:p &/Ä€ƒ=—˜à_4¯:UÞ¯î8 `9Äì*d8W=r¶Y‰K/dÁ«¸0**XIÁÞ\Ž‰ñF¥Tš&Põq ~Þ„µÚ9„œ"Ä%“‰ä›È§’0ÎÞY>ž•›œXÝàô#~ XD½•t©É§yÉ+#¯žc•*:ˆU(7×á‘5l©Ð¸('ÒÙ¸eËöí^<²çE‚׋€§ÅC ðx:d¶^{íÕ׎·x2µ²ÕhÕ#«·w´˜~XBw••ûwßýû¿ýâá•~ô£?<óþÜñÍPF4òÎxRW0•—»™@Ÿ”ÆF›èNØ¿³cH…x466zº{04ðØ*‘|£´V£HÇõ³YŽ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (124 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

š¥ÂK˜Æs(cfo”ršUCõ€EJ™*k!•n6š^i;PÒUfF°ÎB•ç„æÛ^w*Š¬$E(CR$Þ•Dh‚&|\4E‘ á+•Ú• W&/¢X›•„ªÆ+t¼ï‚«YØc‘¶ˆ¢Ãã¬P•`û¿¼Å•–j¬UÀzë‘dxK-†Öp¶îiØ"dÑÓ$°u÷î“;w>¹åÉ-6ìÝ»eB—€ÖsÇ ;¥Èuü„$ó]¯¾Mx•µ« EƒÑ*PÕÞñ¯õðrß›¾ý»¿ùßÿá•üèËgæ\²?]_jÐ(–€VŸtáÆ%Ž••R.¤B˜Û

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (125 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆ•Žž>}º»šå€˜¦`«Q虩W¢2ʪ=x¾h¶ô2¤Þ“æÖlã%ñPD±šœË,â p¢ÿÏÂÕþêÕnâHÛv–²ÏhWB.ˆŠ3ÇE,¥"`ÆeÎhhå T¡Æ>Î>ñéÔDjr’"½Ó§ÈU)ÅgäÚÌ~½E.Ñôúxƒ‡È0ïzá1ót•’uÖJ1WÃꀵ* ûH‚\´û¡*¦˜®ç[ÀÖ¯»Oî ȵwÆ-/¡óâ¾£GŽ;ŒÒéÁýDæ÷|í¥ý/½ôÚËmƒ#^§sUAtmàÉÏ¥ÎI×AË•Ùÿß}ð7?XÑÊíNi,Ó'—ÉÕjYš‘‘¨é¨Ñß<ß4:Ê!«áìüX£Ê¶ššn§»§z‚—€*D-Ž¤Ïh=‰2Ë8¨jr8xYÕHdÒP%µ[• V¢W?lV•ÿèv!¾ŠÆ•®>±ÃÖ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (126 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"RÍÐQœ••¨_e¸„…ÉÚ™ãš(‚€4>ÁYOàiB.ºDäe_”&±c‚¸/¥“›X/_ч8B÷‡)Ÿ[†ª]V•Jç¬ÉÀKy1LßðóGBÖÚtxK†¬ÙÕ!k ¸À·Z5t=¹q#ä‚rÝ·mË/n;vèX=?wìè±Ý•e½´»¹Û*BËß¿zÝ3•ªÏˆ6-ùí•ÿ¿–äê0gÍ D¸•Ô•åÒœŒÌòj†if»!`•ã@ÕÜÒFCQ+ïâÒƒ¼ˆÀ›ŒA!§1ÕE-ÉäQ[

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (127 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ždS[çTÁ—8¸ƒj(ZÍ®.^ÄóEf•ùþxÙq‹å>.\lwÉ•B8=Ú”ÎN±cûÒ:å¦XÄ–9É°¯9`“žg•Õ¸ØnI×@®Ô=ªœ¹jå‹Ïx…½Ìõn ]péw‡Ä (ŸÛ…mnª+z ,•æŽuu¾V]šcÌjŽÅ¸Z›eåA¶Ù‰¦†©º¤ø väÀµqï‘#6B•õâ‘ÍÛömÛ·oÛ¶}ÇŽíØÝ~Õù@z”a•fY|BÓ˜•ü?¾¥pÁŠ•»µˆU”f•¥ùÎ`RËÁ¥ÏÁÞ•«Èúu•Òãlþl%ÉîÁž@u-TE©Zb¢•Þe!•³"ZŠ=Ý—¸óã\ªÿ3’µ_”vpQøïœuÍšÅU¿9«[9«ÈRn†\ˆGØšc•ÑøJr\*d M§Å•pRÝÑ”R<ŠKø<ô¹òbD_¬¾^×Ĺ„\ôÊ@êÂ…bÁ)û,çCî~•«£•‰•®¼3ªÖ¤CÞ;~«® ‹?ž½¿7ôT=°D…Ñ5x=‰°7nÙˆ³aãƽ/nÞFçØKÇŽ{9ZÕZÁZµx{ªë•:Tõ©ÅOÌ ††ò®Þ{¿{¦T÷ÝuÍb—j-v¹jèr²•ÙȻ̕ìÁÈؘ`ïM÷ç›p9”O •ëÆš@µºße o@©^Zº‹{æëß@‘ Ö—Ó‹@—†·‹IFv«ÿ´Q%ìÚ]•s¨”Ù¬JÚEì{<ŠjGûæô¦|"*¥Ä‹ÛJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (128 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

obŽ[=DÊæÆ'°Æ“)²ÄZ7}&…<^)‰U•Øð€Uð̳«~He ÃB¬ºÐU?™ M}§P*VWÞª€«ÕTKM‡³ÒíOäÃü7°&x埕€¬8)¡‹ÎÆ•ïÈ6lÞ°ùȾý»•|õCú%‘+•¾¢2úN}ôZýMt©Êc—;•oLJ6Ƈ¨‹âçÂË/±¨÷œ•~®ZMñÊŠ,p"D¨]m§‡g/(üÙQŠY|==Ý^,£T¿«të1G«ù3÷ZÕàLhUùúE‘þÎiá•«¤"£;û\ÿ§‹¯uñ\r—AÔò•Ï)¾”èõÜPæ&xSIš)—XbÉ+(BãŠ"ö†ex•¦×›´e¼‘Zƈs±²•Õ®X;sAµ¹ÀoiïWåÊk8€¤…¬[Lßµl8«†‡E>œ–{$+rìdkbÏOn¼Cà‚Îoó±ÝÛ¶½¼»‚ª»´®í•-ÐQ\f`Õϯª1©oÍ÷9ÿ»/>±r<é••ùÏñèsç.ž3ùˆâ;›d]DyÛö®ÁDÌÀ¢D¸î—ä+è

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (129 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

é–••žÃõ•íŽµ|¡d«#[ϼý¶Œ[5•Ÿ†5ÂQædñ_Ä'¼:'=áðKP‹X.nÖÝiñ/“që« Fß7W6+P8ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (130 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

'Œä(J¹$se©´l;‹•pb'¯&§Ø–I*3^p€w±^¦ŸÒ°¼2?ÕöH@ê‚’2Ö„ú••§âë±Àz¤·s«ŽÃÏj–4Ã.Ä,zyo`²dfÌ˨u—6A•ë•³;›?J:Ý5Ѩ°+ºìºôv]´êíb•úqû>«Ýd]“,¾½ÉÖDzxQbìÓj¢fŠVtðc5ªuJèŒM¦@Àhoáú(ß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (131 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÕHÅoÇÍV«-áæ6µ Y—ðI¾ÄdžC•Ñ4¾MÈâ”(+Wu¬¿×ä•F# Á(K¢fsÀ¨‰jjÁ k@•5‚è”ù …GÒ¢:nâæ•©©š•ŠBPšóIÓfZüâ•/¹Gœwz‹9Á´Û³°ÂCØI ªH]æýFW°Ð¢d~¾¢©ÞU”i/ôÚµñçÄ•Qøó·~þÖÚ†á£ÈšåƒªÅ•5akà1‘¤kò®ÜB&î×Ú°áÎø ±ôDM„–>B—ó’õq)ñ•w Óbµ–íR7¥%ãÅÕÈÊ•ëÇ9áàwN^¬dñÊd¤lsQMA\•â4h‚?-Z:ëT(©¯Eì:®~¸iÓ‡m(tuÄå°§'À.‚–¡ñ¬Ñ."ÖÛ`\«Ë¢jýJÃ!úF/Ìü÷›•o›Mƒ§Ñè‘M5]וR~e:ÔPO©%O¥’¨ ä9çÝ™ µÌ%|lǯn”€_žw•Š¤ÁpÂSm§{oÝK¹B¯4piS„ÙÖN‹W°«$¨VfÕ#Lpµ”8 ¬Ú•¡µàz à%ÂçEÔW|Z¸R_¾³¦:Zk츸³Ã³öVÍÇú\åšøì¿w‰€u÷ªs¼`4‹Ç½ê••Ó±qC`t•Š+õ¨µ¬Óååå'ª÷Ø?ÕRYx²›¿0z‚Nx2Ê”¸êð»Po¯#íµú¿Ã”òA.:ÿõŠsb}ö[®Vwºx•8K@Ñ+œK¡àŽj:øÔ8%Âä8oV-–;$†ôÈvÜü cÕwß4kÛ¸{¥,ÃkUàÒËø%g,8Š— 7§§o¾%IûZtië¢Õ•…e;RN3‹¤8+ ×€Š®{C„•••5Øb|Ýåµw®ô$Ju>—«ÎK¦I«LŒÞÁ•BVúÿ3ömAmß׺Ül`×5!iÒÝfw·==Oiº•i•qÓ9/çáôá¼í·<ä%3uöÌyÌÈ #$a•'#Ð „$D•äXØ á®3l•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (132 of 1076) [12/16/1999 11:39:12 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

£[I'1¾õLÚiÎœÇó[kýn•¡d÷¬ØŽŸ¾õ•o]~C$´\ÚT•za3ßüò-âHq'ê+7ª÷€OVæä³(è•!D‚TŸ /Z=ÄXÏà5é5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (133 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¦=PàP«~(Ä;`k_tbèèØGXa–È•;@™á"PÕÊÊåõ,h¬Õ{‹Yyø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (134 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ëhm:”Öt •u

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (135 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`©ã³tÊâ¬Å¹.XÜy¨;uˆ{r›·îµ´8ˆG8¶•°n Úâþƒ\x•+ÇûVŒa1+Ž¼c²Q°¹Eµ`ÐJÕZzh×Ý•â¿þú7?Ø–QBWXh••DWˆ‹™y!°ª•Å°5¿m2=ÙM§àìÝFô<Ì ha£¿f•@^}‚ži}$èQvùô„úRɳ/âªn¦ïƒ³Ã¾±aY3t°O‰°úV\ñ#Õa¢aÅ^M,¾€å°òàÁ½UØìÖ9)•õ¼M©Ÿ¦•´‰#ªCØðõB.S˜JÄ•Ò²q¡%Æ-df8€s†uLu–;ó´É–Ñ‘€—W·”ÎTqħ•\Ž§ŠãH·±qŠŠð6©@‹˜Ä€N‚•£ªâ›rIT©ÖQµ!ü•ßµË%k;Š½2ßüúק·ÑbˆŒ•K"÷5hÖv±Ý½®¶êê>ùMx†,pÒf³•B!x8´†aÞ~rRº[(ÞQ•õõé‹n4ä.¸ÉÄ¢¦æY«70;‰OhÄ;PpÉ,±†‘e7>¤§4ÏxêægФç5ƒêZgÊ#“çl•›æGÁá¦cAXZæ•0Æó)•ª†Èó@5¾*¼°OãXÿûËôr9X7Kò`/F_¶âîÜ!HiRkšÁ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (136 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

OlÍMiQTp!¢@ûÌÈÌ IDATqÅ8qå…•ŠÄeWmV‚Ž(ˆ+õIcá°×áR¿÷ˆ¿øõOÿí—'}ÎÄ@Ìá9¶Træ#לBá\æÜf8Š¬†z,H75™¡•¹™!+:Ë›S:¬œB£!öy~)¹t}å&\ƒ‚¤ÊÙ$=•Äâ×@Ï“¯ ÝqÿÈe÷ƒã0µòÙÊm…FPxgÖó"’ÂâÚ½‹•TµíU‹°R–·¬

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (137 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Äp8@Cbˆ•H‚…B83‡ý¤+¸"æ¼Ê,•ë$ú°‚G@fwS ±¦E$$æb÷2 =?¬EŒ…Ø‚Ã-x‡a>Ÿ4¾?àb¯¤¹ßUóÛ‡úØpa{–żöª‚Öµ—•òo¿ú‹Ø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (138 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~6øÖw;4`)k€µÑœJ5´jÇÃzKozw·)•J5Ï÷2dõNJdaǃWÅÄá¹>•[ß\oï䤈‡äm +K¦•Ø$3s•F{=^PrP

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (139 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•þ=*îªéÇÛë误g§Ö²Øu‡ÞÂÚâº~¼ ?ͤ;•]G«Å®v–ƒJ id•²?¹¼›OEó¸È9‹""ëó\¥ó0[ì(•³ÙÃ|ÇY wÈW Ô1]E-5®éÍÏ´6)Ý@x•°à¦2. EÇaÄ =ŸKÄ2ã÷#¾‹¯¹\†7‘”XŒLA‘¾¯¿ø•oýå*ÕA·k%_ÒÑÔ‹EÈZnLÁe© ,褙ß8¹°°Û§ 4¥-–^îcq/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (140 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 vùºÀzŠ;¤]dŒr¸ o¾H=ïHI¹|'KØζ½òûÖR6lC\Ìg³‡•Î¶r–G=þIñŽ•ÂS~7!IÄéôîšæøçüäW‰.›Í b•^×劣†0Ô95êâÒ‹}*¤B"¾Èª‚ž8üé[göÈ&u (ªy…Ô÷ððBªÿ³Xj)x ¬¦c-pÆ={´ÛÌ€e1÷R÷Ÿ=sŸ •MN[{Y¢ØdN…EoŸ^•)@C`”¼!Ïã… h°–Ì…ès•Á‰ïTg,1LnG?‘œ vb±Ó%¬œ:ÊÍ{YÇ&çèøíšWÈ곫•í¥)*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (141 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

NOOoŠ3sð߸¡ä“«‚V2l•îG€å”—R@€–»ÔoAd9•5úÂϾ9¤%Nds+` •…â}¦¹y·©¹9 Ç÷6Ô°³àÆ’J°,ÐkŠQÓbÖÂ!WŸ‡Š<Ø‘Ì~õ©,‘× ÁŠP‰"O!|¢•ÿ• •Ø³ÁऀÇ$êⵊaÞ±®5„™K7X¸!H¡–•ñS+ù»<òí¯?^t(7¥†Ñ••$°âU„(

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (142 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

UÐã0ØGžl²ÀÇ•ÔöÊÙÖÖ³ål[6S±›bÛa\• Oëò‡åLzaâ•°Ýa³B+AX".â¹<:®àžoà¦Ë0V/Ê„>¸ NÃR×ì•¢]sJ%´ „„×Þ|ëWo|† ZbDT +ˆûDX7š^~ùáË»»/¿Üü^mCõ{š[C=À+•Q“‘/Ê€(î<¼™¦¯Ï#ÚÞ±ˆs®`²SQQe‹’À°Íχà!óêÐø•„µCe•‡¼^a9EÉW‚Ùqú•üB>Q*ŽžWê]H÷—_·DÑ•ç%•ˆH Å•¬9×XÏ—Ûæ`÷èaöì+ŒšÎ¶µ¿ÒF•.•8¥°Ü–ÍfXâH‡‹g²™Öwß-}aß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (143 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,ñÈUTœ&lуq.äcãâ¶+fó«&,…§¸†,Íß±å’/á‹Ú”ì¸d=Ä9õÚ¿¾õöŸÂ!±’CÎ,S· `f••øðË/2ýTÿ-Ю"Æ2ãt+üF²´¾Xà‘òf•áaâ/_pRlÃ5.‘)b/Wˆ ©T£CØ€(ä)ÜPÈ>|s¾*ÂÒ˜Ëg~kåE<¤w´:Å™é\»Š¢Oùe.ˆO…|§ "û"‰õ„ì˜!ß?â Ìñ³ƒu•íÅ"¢†ÃW¹ÜY)·Ÿ=,ŸÅž¨Ïä;:–Ú2mPà[ZCwH•ØÎT~»©”aÿj<‚• ¢`Nj-¸9¢Æ[¶ïO:â•ÙÉ%€ñ×’ÈKjx

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (144 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¦¬ýð¿üüÌ÷FÃt¦F[Âog6¶•?ÙÚk9ùå÷è¼ñZÀJ•f· Qšj¤ÇŒ´¢pŠG3²G¬E{o©ŽIQZxÔV>Á5u@•Eƒ6–9±é!,ñfýÄ!ä>¡M£+Ã5•íÅâ®|Œ4–ª@OÛ©û UvŽ& f,,†Ã {`9†6š„êœQQp +áLȳZGêÚ‹mÅÖR©´˜Í”ót„\¥3Ÿ-ƒ¨bù ÿÚ;öMÅbqqq‰]‹kK«kȱp|ak¦ÜÖQjëhÏ2d¢`G²šÖä– _!Ç»ºbx_ø…½+ÂbØésR˜ãÆ•vTøW.D—K c29/¿ƒ…•©ÃŸýü7'ïcŠ½XÛÅâã‚éø“–“/ó“ì•"•ñ•áŠÅ”•¯ºzni•“$¢òðÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (145 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆÆº4Ê/•_Kg,hCEK—JÁ~Ã9[¢•°¼•Íz¹¾’l‹¯pžÂi@Š‰1[^Õtðí=mók ª•EÁA3¡ðÕ•™P(hÏ4ô†Ds™¤¢„ƒ—ß>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (146 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

”{w••]±ôa¡ØV>ÛÖV2µ¶–Š‹M¾ãyT[ÅöÖŽBÉ´ó‡Eö[–

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (147 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

%Fs1leȶeÛÞ}·£ ÎÏ¡Ÿ2‹T<ÊxÁV»l~„•ñr»íÎ>'¸î§Ë葲§.]T9ܽR£¡¥½Ø•ðú›ÿõ7ÿ}cÔÀW¸#ÍC;‚Û¥Îò³bá±ééñ–—ß{ŸGÃ*xÕó>øTc ʆ ¸ã•ý ‡’¶†=ʕಕª†x¾¡•³„ïýÌÜ{€!ÅB¬*²gn‡—ìû¸±Á_£±#|Å›â'Ðx ÄP¤"l°_v¾Ý'dtàÍÎþ’á™áPÈj^Þ¨o¼:ãá†úá¸ù¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (148 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒFa5ÈÏÉìïï®ëÌ.-áj[*µ·~ð•©ÐÚjú`gi•þMÃXWìW©°³

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (149 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 jo/fòÐÃÈ«3_ncl—ÏÛÚ[‹P¯ÉǨ;ƒ÷ܸáêŠT,¸HÂs¯J @…b e<–aÂÐ%3B‡C¾¿™~öæ¯Ï¼³¥ú5Åâ~ÄÝÌa{ÙT(l··•ur·G)êª*Égt8i1`¹±;ª†¢·, o+k„?eMø××…—%Ô{L½½Ç»ì8è367;ìÃÝn¸ÄšeÚÃÃcÁ«5j½ºÝhªÛ†"c!›ÿÆL83ƒJªóÕ£ˆ1@UW(çƒEºlàc}žËÅÚ– lŸûð×^º¾¿¿•nÿƒsÛKùµEÂ|–‘V{ àÅ”|±µµ½-HZ*–Û[M,”²è™Í0øµu´,••••¿øªÂ|?ã]*å0è(ñ#à•h“!d¡~'?å"ÌñðÈe‹ŸœÔ™úú•·NoÑþ Ǥh¼só°T8Üj¿»_~åÉ^KSêý÷´¸â½ðYM»Ll¥08²¢3Š³•¤iõéà§ËþļºÎ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (150 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

kÊàD!‘Oî ¸Ü¨èÜo••_àJ–MíÆê´'ã'À‰_»´|žzuuÁIîÁ™y–˜D•½Ñhô“É«sQOhÆl•F{•ÖÞùÑ•æff¬Ë¡PÄæOØ"ì%ôøJèËpe‹ÛØoeèšè¯ž'‹W–òw®_»výî•XøàÜ¥¥â¹—Î]ÿpé==ì^G\•Z•…E.!CÄ~ößw˜Z;L…öEöõL¹½X©´N•é‘iu-‰Ž/zðâŠqU}.!ˆwþŒ½x.'úÀV*@"‰…ÝN—|µ!Yòœ>7<

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (151 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

….?~óç§÷¤è’•)x3³ÝÞºQ.e÷ž?ÙÜÜØ@(R°âS÷ÔTjI7¥R(³`#.#±è¬VÞ‘EHÁUÞ>l\îë›ûd’ÚKõyÙP£Ha¹Arèƶ¤-Š˜n]N¡®ŒñÏi¼8³û'üþ©Ïz{e¦`XŠFçycÅ&BcÃsËi(IYÒf³Ù:;¿<3·Ü;ÝÑåt0´ZCaX¿Ï®°g4ÖæUE!ðÅp5õ²ÿáÀHW$îî®›æþ¥ÈåÆáÄÔ?ì\?ÿáµè<Ö¹sû/}uí«kŒËV—2=ØQ•'£æª|¹ýÝí'þýß••`:qÂÆäW,7ξžÁÒ:„Å•ò±.åµØŠ2Â!¹ß–@4DÆ•vâ+;çÄpŲ@—ï8œã¥f_öù{¯ýßÓ[°ÐWxH±C‚î—Ÿ<¨t–£…Ç-ÿô¾Þö.!&ŒTðMÍ0;•<ì“f«êÿóÈÉYîA×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (152 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒaµšJ•>ª#, Æ?A}>ná>dßÜCœtrõåšR@Jd4ª‰eß7çëÌÛm,÷/”ʼnߛù58Â`4•Âo;Úd¶ô.÷¦wÍ•1`Egæ†goX}³c<7€%‚0u×@E±•S×à`—}Ì7ËHA•1`ac•òÆÑ)ǃ£×VVzv¶•×L¦>Ø?~|••ûÚ¥sŸ.õô@ضñÃ¥`m'Z™ôomíè0u´šN˜×²m&à4^DdqÉVSXHXÆ…£ˆÕèåd%/þ”)~—]Ë !jøöíP¨øõ™“W…xç]S ‹àÎTf¯ug¥-ú¨í•X–z…#NT

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (153 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`uЕՙ!¬w€„CÞÿ§…>z"ô;’–G4/K•Åg

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (154 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 y>hd1õU·ƒ´ÜŽ€[|š=qëôeÌí²’Ã*îFëÓ&PÄårNãÚD`±‡9›µ·×l¦ÚÕòÜ|Ô:;·ŠðµÜ]¶AÐX²O”ºlD@ûŸi¯žµÅÕ••¯mooŸ›Ÿ¿qããÕóç?º sŒIä•1FqàX° ÄÀÅBb1Ûñ»'ûkë=ëyœh´•S“u’e™™Ûa4áè5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (155 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 t‡? kgQ0®JauuÛü¶dÝ•Ïï\*kýLhsá jŽ8'Ÿ•X:•þüÆ|4zéãíí—X|<¿2•_—æ[¶T`Àbic«©µ½u•¿íÄWèb¨‚£ “¶q[u˜åo~V+• øsqmEhBŒŒ€š¤kiÜ…îƒK Štþ4• ?:s¦%è㕨kxøfÞ•°àݺú÷Þkhh¨L¥†Ðªç”…)xúª…6ê‡ÃZ<”ŠË‹5ìd–U^ÐÃ…°j+ç&77¸¼€%·OL ARˆ„%/œ€bw+û…b1“9Ä.‚Íœ¬¢smræùåô‚uöÆœuÞí5÷Zͽ½Á¹ah¥c•y$bŸÆb”e󇢫f¡í•“ñ£¤¨nî^áÉ'm‘îf…W®ÞRµ>.òhS`ŒÖ™&{&–Î]‚®—•m]_4•_YZ]¹9Õ³¾ÎÂcO¦TX\êØß/t2L(®÷°?”Á¹^öÖ±‘QÚvü•Xa§]O+C ›œ}n@ØЕ•ÿGíÉC|¹\ôq¥í³uº±Òá aP̧®~ó›ßœ¾1†°Ò å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (156 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

þñÞ!@_t–;•ßPW÷?Þ•?EF•4t•F|soLWÀoQ2['X \œ¹4öê®–[µ8‡‰Â•MæÀ¦,ÞÛ'Z`ù•"ú¡ ¬Ú’%®”Ý)ÚÚ&¦ •! Bm€…½Â9<.)·ù±9º•›‚ÒJY̳ÃÖÙÀ¨µw2š±íþD|Ìg·ã€a$lïB¾ÂAûH8O°à˜P›’åÚ=ò׉îã+²uOô3$ cÁÊ#î†ÐŠÓžµ•k×n|\XˆníݸtþüêÒâÚZÏZðW¦X\\Ë`¯† ‹Íþ0ãÒõ 8-˜ýͱ֗>²Âr ÙãBfÆIXºÐ•Ø¸(ü• izÞ®y]*"2 •/¹¸DÖZ…vø½« btʺúéè"õptv¾ò»÷ëêÞ•¯±•özXºý`nB•2K¥•õØ8gì§Ñ1¦ÛZ®Ú±1QÛà ºÞegƒ4DCN£ƒe0Œ-Û«…Bgî²¼ï §ô@i±Û•^«ux,8ÇòÀ(ûNzGÁ™@ m•–9ˆ‚ðBGT„²ñ*'ÉE£^ ¡è9Ä™•ï¨»uøJ*-@oØc²ˆfnÄòe4r“´¼4–•UÎ_:•ýÒùíc×®]_YYš‚ŒÑV!7ŽýüsØG±ÁqÃû[³-ÛÙ¨•¿G ‰‰z99Á"“Zn§qåtðØè¢-YBºÓ=ù§ðÁS£ª‹ý°î}ó«·Þ>}ÕÓW¤³Æ>:„žÆJ¾òÊï¿þÁÿüÁï^N#ñ ÝKoSMŒ°,)¾—FeŒ½³Æh(ÆU…zX¶=ôQºèñÌMz¼Rsq«Ôýï÷‘&,ý ï¯ô„5ã•b¹Ž&tÛTZ¤aÎCx•\å‘·]S³A_Ð3SÏDV”}¿³•1ïìL0˜r„K¬a:±l»•äøã6>`•¿â¶.Õå

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (157 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“EÁXz·±¼>çµÙVL-ú=Ø¢È?ÇBÞâÒÎùK—>¾½žMf×z’é›òfCJ=¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (158 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•7Ò@§–Chvì}6¼C&ƒ4mœÔÀÈã«-p•Vèr©>#Vùamr••Ë2Î}2Wß‹5„«ÃÞàÜ'ÁY¯ý• ™r÷³$ËÓÑvð EFt‹ÒìþÂêŽÆWÈVhœÊP¨âá4ï°Â»Üø´±E•Ö}'³ë`Ù|OH[>ÙÓÓ3u{b•aˆ=M†¾ct'#,;œ#•ˆÄ*—íÊÅb:Ç$üv»]•dç(〓Š^˜îpÏ"

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (159 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

øò+—,’Á—•¯ß~ûG¿|çŸèèÉ1/?ƒÐóÇrÏþ,Ÿ8ûúkÇí-¤ëi“²±“FrË ÓæTƒ&ñ¹ ³kÍ͉ˆXG’EN^(· [ôyƒ54&VM¸…Ñ>ú¦>¦ãa㼬€'µ®åÕR1CW™‹É÷ŽÌ0HÑ¡ny;Ì¥Ž]¥?‰'y†GÃöà¬'€g…„ý¡ñˆlKNØE2Aì•T!°{O;á—Öç,"^Q"u†NkÕã˜/ #ØѼ¸´½ì!0ÆHÿ’¶$ìŒa´a8„»H¬l*`Ñ•0@Œ„Cš•J•ãLOé“.QBt…W>7ƒ”Ëáp9ÄKìðá

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (160 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

4Cm]þÛÛ¿zûWïü€j:Æ]•KX‡O•[þmánáéÞ.o»²4ÔÔi¾)‹“©™ ,‹E–ÍÑÙI-5Þ*€5§ »KO÷áÊÒ>mŽÌã‘kÝèŠúøHÜxq18ßÛ+èJl·§AÊÔNi¢ »aÀʒȪT°r6¥ÅhE @€óô¡@hŽ!xE8²XtX•æ>ÑÛÐÕ=2R'Xì"\Áò†n‹˜¡4Ë®.•'™œ‡è¸È%ýxµ•È •Ä£-Ù“vS!QÛP,Ä»¡#–èïœabËMLa 1uî²;ù•É,§‹:€4§Ë9ìuŠÊ©bGÀí„•sú•¿þè•»^qN*C×ا«ÙS¸d¼ð¬ü¬PzÖöt#•‚QÂz‹±žƒ:²,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (161 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)ÑÌŒ5D—…³Ö$Ëh?xĶ9¢¯ûxÎøm#=TäÁ†-W-: ÛÿœT)•u¹´•v™âb9[&»áIwïì—,¡ü±é$Cjž 7à €xa_Mps?±1Ò.ä,ÞóÎ`]¸Ã K`ësb,n?ÀÅûÅD`„ó{à ¨õ < #éOÊ •]´Þ2nËŸ8q3¤K,©³¸» Ó>iÀcvÈDÈ•%/§×•+]ZÅl~4Úùûé¿v<îølL‘ÖÕ±Ñ5¦=NåŸ>;|\=L›Á^Oññ¹æˆ[Y •#>Ë>ŸX•ë–çŒ2Ë#ð$ÀdŒŠ¢'P4Å÷i¸>ª›š´à-B•#àÐhÊéä€Â=WôSKV†o(c…‘³0±Ðqˆ%Ei×’sj•#ÈÍ”Pš?ÎÏ…ÖѤ”û`7ñp;¢Bá–¼´‘ú©r|ƒLyÅ\±8KiÀJØðpáxÄ–}÷ø¾,CA¼“DÅ‘6¤ÂÍRvÕãà„Íö!±K+^•úû;ß»9U|ü`ŒoÊóyÇng^°ñìqç‹/`%Na¯Él†º•Åܨú³ä•9P/•VÏqe>EÕ •†-ÑS3̉ ™ # AJôöùDÔ‹<ì•@\9ZÒH=Ù<'8eNxïSXÅEX,ˆ…$Ú7ºÄȪþc0¾éØ9Ç0åua¯Y

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (162 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¶FU•OÁÁP|uáÂU2"ªkÜÐ*£ñÂZÇD•‹‰•„•ŽQ“ÍV>qüzXtSÇUz(ÎÅ“Kn„Aª»ËÎY ² h¨ë ´° éŠj´=2Ò N¿óÎöå{•Ú¤åõŽ.Bº”)3\ÁŠËÌÊÓ3!K*)•" [à•¬ÂqKÊ}˜›¬a>pÞÒ¶p5•GH«£ÓÓÕÑÍ+‡´ñDh*Ž.½£4|yéÞâb±Ø¾XD`•X•9îºs‡tsÓ0P¡Z”©”ËB„·»Ó*~ôeíT<¤F?8œ°[0wØ¡PK\êát¸t\¡¬••ÇŒèbѦñ \Å#ùŦ›a‚”°²ÔN£j—¨âi¢¬%·9¡ÍTÃSY·lrà·ùüj`õ¯¿<³5zyñÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (163 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÿY•úXùܳÃ/*pÂâNñISÚæzÓï–aa•0'礬ø%3IÔñ½³3³“UZKiù

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (164 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒ°bDÊ+ä,…-•ì”¼…iê¬ÖVêbÀZ,Þ»W,ï3|Ÿ"l}9UÉIÊÂCNm`é´eÜ\¤mm …¤b»yVÝx@¡ªŽÆº¸ê—°Æùˆ3Ç—mÝ/D;Ã.jN0:E¹ÉM¦^ÐQ©±£A5gìIhv‘

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (165 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ºè‘´°Xt °œ²IÙAíÛC=zûÿ¼}zo,4uï¶h]ùtÒ¥ÇW,¾È—3åýyì·µ °âsB‹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (166 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒ– êl‰Ë•µô= --Úc𗛪ØGW%Ç¡Ä× I‰…l5šÝ‡´ý䄪˜±Wƒ„HY]:´•³ê8a]è¿xábÿE¸$Àº§§û§û9°Zx3Îî>Ÿ®ŠˆøÒÁ¤Öú(=¦ÝÁ»•ÇmÙÒñG©H&‚ÒëBEm+.•e‹Ûí²‘:úœD\€(·¼e®•ËBphçñßÿ\^[h•úÆ®.Wr••+••/™Úª7ÒiHÓ¼¥•ç•ÄRsšŽG¡ÆÒTJ"+Ågx8Â,æOfkKÔ=²ÓTÌùpK–ÈÒR”eˆŒêª¡•ZP¿Ö¼¬¥RénNÌdŠh‘–L°ER8º67cµG¥†ôf9•¼Ä´•*s»

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (167 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

IDAT¯†ÔçT»¹ÓÐ=Ò?‚ȪX]a¸b ê×a…ÌÅ[ã]DZpà Ā5Þ¥š•%²ÈÊâÀZ›}%Ó[¾ýøþGb2gˆK‡•Š~ÂÉ’0“ÐrÁW\Æ8貇û8°„•E•p`gñ¦&ÑÐþö×K¾ÐÔÔåÐh÷å+Ç_?Å"¤M°ÓòZßTŸnÄöNY–ÆzÞ;“N[¤¢çŒ¥ED•·XD´V×zT{•°µ4ÅåQÀR]‰âä•£û¾ÝœÄ°Î¨pZ-–•¨˜v/¢IÚZ™œ„Ö·ÂQU}GëªJ9ƒÂ eáP„ÂþþV¶WŠàð!2mYêî–Ðb¸ê\¡Ó@ëåcy<›š©??û`¤eË/š®•jþ¨öá2ÊΕö!#ä\ê‘•àœwäR6^^LA•h×íÇ•M—.•®—•÷Þ4ÓLµ¿vê9–vr,)?ì4°,–Ɔæ¦Æ”虡 ÈXÊŒ3¬BÌ°SMl)dôÌ äÙ5y„µD8T&„×Ðóà#4Ñb@·Ï•%Ò™>Ú,^ĨÏI«´BÎÐmÓun4°[h“Ë”K^*ÜÈ:¸•Û¼•«ÝÅ{V5V6•ìà{‹Ô†wŠŠu.ÜA\õC$ìוūÆ5ŽøâÀb•qU+€ŒÅ:[¬bG!`pŽŠuU-”46dwº\ø•:´¨ôƬ°¤,À

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (168 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•R;•¼¾À½×þú·?=þû™§!x¶òøÅóS•SÏO•‚aù|û.®jh°<ÜÅ… ¢jƒ q?¼–™ÅR›´êZ³G°¥!Š«-®>Eu‰ÍmÚgô•Hn·èèr8ä•>¸nÚ¹v{†DÍdV°Ó÷”ìÅÚ<`âýÖA®cñ [Ü~D¿kˆÒöÌà:mQ¤à®º;¬+ûõ@¨Xë(¼XH•îîêLuqÁá<±.Äž·Ý=µH®l© ‹H‹ê8¢|£"ŸÂÃ"ïDï(RW5U¹(øIT®p2

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (169 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

›ògèò’i¿p•Ì+FVÛe$¤B!ç,é7ÈêHôÃ=ïÚöÑ_b$bUD¢•ºé+”^¼xÑ(±RXÕؽÍ<Ý„ 7Ú£ëItÎPb%×ìPÇ¥"þH$™Ï”ž>k Ò»d*eð£–Ö•å–»ÓÁŸÙNsø¼èú8Ô'î–?v³úúëoþüø¥?îdŸuœ}¾ ¨bïâZ™Ù¹•Æäæc_}Õ’b`ÒÌ,ô‘ÊumÕŒUÏ‹‡U1xËG>ÕÒòÊ0E¸4¤ö¥••Ú¸ÜbÜ;´˜ÙYA_”áªP*@goÑT8Ä=•Œ³$®X$¼u`P’ :*«ˆ±"b#ˆ<ˆ‚Ÿu¢•sôRawÝ•+Ó¼©ÔÉu

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (170 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 p•ÔŒ‡U Å£{X¤Ý³kP¼T%0…”Ìû7å?œg³Cq %ÕÊ E]¼œONµö¹R‡Ä +/µš¸>1ø¢~¡gÿü럟>ùä••þñ©ƒƒSÏÙ{ù€.²ÊÉ4€¥1½{òäC¨:ËÌõ–9•ý£€ 3§Y•¯a)ç,[z…ZÆFMÅë…h•¢ø4HÕa<ÄYµ~2šZDY…È*•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (171 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•žš´žìgò•Nò6¹Cšƒ½²6Ž&‘Æã5Y+Á•….–•ŸÈϤ©Õnéh±Ô°îÂÒîA¥€Õ•À©••£ÀŠ%ÿÃoGCaé0•úÊoKúÙ¿*ßj2Ý4J¬¡¸t²~è·\¤©dèÓ9ÊétS••¢Ÿ[60ÄÜG~Ó×?û—·¿¿òÚ›ÿüü^éSX›¹çOpHƒ%ÕÜÔœJÖgá‰ä0N¡ð£g…:°È05|ŽñÖ²u¶ªmKª-`¬ ènàk¾«V=T…A7k”sW

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (172 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´ºs³Ö(¬J`‹‹q–©åQÎq¨È&R",,= ‘%¯ˆ\ŠÅ šXÕ•o„rA¼•Gý¬‹ä6P$˜ááO`k¤[U°Ç°Y†3Ìà2T%ýðI¬H>[xjúHmLµÇíJ§ËÎwÀjÈ¥‡B/ž:èTI¸ÅðçöâS7Lð¡Ð?•ÑÑ©ÊÏ~\¼÷‹_üì‡?„(•Å uðU½w¨¦-¼•úg,8Z¨S9XÆØ'ŸéŸ…àiN¶€º&'¶Ha!¬hÄäÜ°añyZò až™a5ôöþÝíýB©XzÀòÂb{áîýýB¡°Ýò¤xçƒtr`á•Î•/D(TW˜CLJwãq6›òÝ»x2±MÚwâÀBºx±ZeÑïÇJ¶ÀãˆXÝ@…¶Ä€è"äÍ2XkÐ8 •øî':®â:cÅãØ…¥ò?ƒl¯MYˆ/Z]<2ð@vÌÕ‡Ÿ}}4û ïï€áÌO~ö/?yõÕŸ¼þü†WÔu¿šL¥•Ýj!<¡¥A‡P•žªB–X<(.³¨8©æ{à\1 ÒŠc\ƒÞ1ïpŸ>Œï彯æÒ¢cà£K[[Û¦Ri•ëÑN©½ôôÚ“GwMû{Çî³åCÙõŽYáÁÁ·nÅ„ó®QV\ÅÂÎQp5 Ž…÷¸d•â õ6Œ°.^¼À¤ÔÅ*d]‘èêâÈÒ/ñyéO

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (173 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

³ëëTЕXü~ˆ„Ç]IXtèÖ¦ï¢,2´\ú\¡„òzípÓG ¾Â5j,x¶öü¿xþÅÁÑë‹Ötºù½÷`÷h:eQ˜P¸±‘eÀžëiùQ½6ÿØšEli¬EÉ!ÇÏô‹á/?9Z?R¬Ú5…2ÂGwŽ»¿o2][Ø3•ü©}•koë‘éѱ…-–âŽuÙ7s”õ… Ë/ØÊ(²ª"á€í´pM+Òn(é° £•uÑ ±_#†¨%…ºvçí}ÐÔ—e(à ÎÐŒï·'l™ýó7oÛ%WÑ¿^AJìµ±låB!_ÓÕ,PU^¯›ºyáb´°2¦YÏ:_(`ikM755¿Ü”Nï²HXß`Ñ× XéˆWPIÇÁ¢‡Cíw° Ȉkræh%1ˆ-¤ÈPWAlïññÍÏS€$

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (174 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 fìiàÓ…ùc»ó[[÷µ,l=Ù.]c¶¿µ±õ(“)v*•Åâ=K oU…BU_Óò+ Z‰„,åtÙ´e¶jä~•o•éæâý¢V¿,€52ººÞ””q6 á.[{¤$°âÛêª-{Y³ABVü»%»•š—ä,•µ\]1IïãßÊl +;µ÷øàÕW9®ð‚»ƒƒ2œ¡³Ë€ÕB+U½Ó¡ GC¢ª¡^K¶DvÉ¿dî•j^Z‰®aP\"EãýÔÔ£8: c“£rD`ôæýèÃ…¦…cÑ…–…‡-מl?Úka(Ûzò SÎvæI¾£µ²‰âÒïXq{¤•¢ »IÅO•@{Ì»gêWýFº:ÂXý$ËØÍ%–0 Ïñ•ãh•’ÄJN¬G" å{•%wÖbSZ—ÀÊ›ø·ÀI•ƒÈZ߆+ƒëN›3Ü\Í#ª`v_ŸÌ¨X,,ì•¢^ýBÀê‹/^ý3`ì·M»»w{a虦éU—²>$mÀ“Ñiàm4Ú•¬O×U¡ÖÇÏcs ,!=¸vËË•8×ü…I•¥À„K–Ž•®nm,l›_hJÏ/<\x˜nZظ{·¥ekkcï¾ïOÞ$õ~ëÖfü»pe¯¦,CPDæBbì2Èu—ÆX†HXí“Š´Pï*yÔ¢aKΤݳëI¾ÜNŒ•œZ_»©$:X*~7a¹cÕ&-ç‘ËÁy‹§„16úpåùîÀª©P&®ú³¼d•–/•}¹KG•á†HÕã®ÍæˆçN¨ž#tY•ð2eÔ½]Ñåe«\0”-[AR]°jÂ#N¬ãAÒËÉjwøF/mmlìµ{˜jÚeR«É’~¸pŸ1ÖÆü±•–GK™ìa>/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (175 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬\U(äõœF©ª„Mb÷&«°Õ-6„pƺ¢9ïU/\©–1)¬á8ÄHaua—ß:›f"ëkëS«a…+IPÿS¹°ª•.§Ë¨°TA‡lŠ…B½ã)ºX×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (176 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬.Ë•1ž×«•ÞÊuc?¡t:Ú”²Ð"n>²SßÀ‡£ ”¥b¤EuÍÔkM4Æ´QFÖC=?¿l5¸¦ \":z=Ê‚`QRŒ…x}—˜žjÙ8¶À˜6Ênө݇і'{[»»--ÇövŠ„,ìœ!÷|•éwŒKÊ•#¸R%›èo°U•bψ±¨s”œ÷#-ßâcÕ²H…v`ùa-€•€P•9ý©°öoýGTÕ•BWÒŪÉZœ¶¶TU¬±¥r¹| – «Wÿü*‰¬'ßÿòËht¡ÉlnJ÷Bå•:³¤WjÜu¤=ƒé{áà•ŒRiž\ÖáüÍZëíô|8îÓ½QÔ\UkEÄ%T=@,È †i#Sø¾?n_»¿·°0?•l•i¬cm±˜øäîVta£e¾¥Tdê½³ST¢e÷+,—tÖ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (177 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒÜx…g ,?OGïùãú•BáEÐXè’bc/VV¿ÄÕWx«_F`%`}uL3P% ~IÚ²S+°4¶ú”»«¶¼"ËU•ªœ²°Ün£ïõM•3åèˆêœÙa¥ãÄI&WØÏ&ímê`ÀhEºY_•kIÕ‰æ>Ø°*ÍݺŽª ¥Tº¾ŽK…T‰¹ÒÜŸ7©µ8•ê…‘òê¥K•îo±¸ËþÕ{,þmK§š®=ÚÛØhÙˆ.Aea^ˆ³:¢`˜

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (178 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

.A·¨¤N©7‹Z›uÎU¨ÞÕÔpZqܳÖêžáW±R[mþ†ã½0ãP¡›Ü=ß;G†jV-› •SUˆåVè`¿\ÞUíC¬ží´ŸÈ²ŽËŸzýá~‹åim`Í7öÎzºýh²ßueWXçÚï ú6…•–_³$YÖfºo*Jg<ÆføuyµUt÷~‰0(›ê‚a¿ò†?•Õ/Fþ+P=D¡WÓð;üáùëßž??ýÅ‘¬¯i„Tûá¯VR8òµ·×¶@»hn²¤k,to2TsŽÍ’žÊÙêB±tyøPÞ‘è…+à[XßFº('{O% 8ÿ>³·«ÊÒeV¨j¢Ni°1Ü/Ÿ?=ßïµZ±ñ/ŸßqÀ’d¹4y

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (179 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†òÀ‹•+¡Y¾û0éîK_$¤d)ªN—Y©.ØY?Šê¡SFô[,¬hô&€ßÀŒVþðàMBý-ÀjÎ%”êw4K —È9x敫ᇊf}ÿp=¿söá*nÀ=ÛBë ‚E`[½–f†M•Í¶Y®BWjmJüRÐRã!¹'j1•ž¡ZÕV\K¤¶•®^/gÞi

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (180 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 l;•¿ Ù–Zµf‡³»¡ò>¨—½{¾ýöíSÓ:Ä)MNw’¤\‹ó̖쓉w•²Á{Éø¬Ûg7ä뺢<ÑäH½£!T[R¹¨ #ÁrS¤Sâ»)ˆ„ižQBa6†SS›•o‹î ll¸„bÕqu]••;ƒå!kX¹#À:ÃS_àß¿þëýû_þ›ò

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (181 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð#?´íBÈÂE•Ù”¥•v¡§²s-Ô¢™Š¡wNH+»CÞì¹Â¦²)äÃÕNfߧYòo^aÀ;æ+²H}]K‹K‹ø•ï¾¿*|{šU•‚ÌÖjVKÈ.‡Z²-öîÁÛ·•Ÿ[6MÉ:;Ës4TîÁ“ãµ¼¶Ý•¬ÑÎPn Ù¾;7Œ»FÓ¢mFík`Àê“éÑ ™uè¹î•êH°àáf:=Æi,T«±¾¬è<[W7…##JëRT‰¨ØÈ¿ûc!oeÞG–ã±@±ÚO>œü†\á~•‹:g®‚_‰²ô”I² V {GÍfdK«YUÁfxý·[ªv¢!ÕÌ„A±eúÚ%ÂAWÀ<šåU.—°Æ‹:ÃL¼`QÓ@º²Ù*>†ÊçoÏk¡Ò«£U¾•òL´’ÒUÍ''Óõ75‰+u\ÍrïiRôÊW>TÝóì†AvíT2T¡§ö<@Í~nÎa‚å¶.•$„X¸•`QY“îÖJ±2Ÿñpõ)j5rQ?²ªX¸d³»]Á~8;Âßßí'Ö×ï™,J?ü¥Å.€àª,Ë"ÍJ¥4ìÔ›q)¬èl¬çÒÊ·J‚uY¨DWC½uw'‚ø#áp¿ ê¶O®\ÅÚZ=ËqöÕ?Q²°²#ö„¯OŸÿZ•A̬ðÌV¡€²…vC!<•@Võ3“{G _B“W¦HaéÔ!ob×` `6ã!iÃ{¡+Îrkf…¯W |"[žÕƦV:L¾¯Z„?à·ï•3>»*Züw¦=#'=»C5ÿŽ09Þg£2í ïƒ&Ij’‰÷7ù>€â…ï¼vMÝJQR›î:÷ô(“@–Óint·µ<µ<½õ$¶^*VI‡*z¼Xwä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (182 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•Ì•x¨óXÃýu1P(– K«øÛ{ödzS’+ ¬/áé(Dì¾Dˆ°ë¸.ŒdºÞVµjÝꡇúÇnÉÓ•”Å'ÖÀ. À?¢·<`‰zË-5qVUWS`n¨5¤W˜g;ã 9Œì[¡íV< †Ñp§½}ǹ=÷¤Ï#Y>»åÓ-)Zþ«{//…«éÖ•—·nÑ´ÕP Ê•xM}¯’rgÿæµXSQQ”^Î¥Ç@ªp÷ØØòXz~>}óæJnÞñX#üúi¡°.*=~µràj YÒe ?Ä[špwû)¦Û…ÅBã~zµ¨XÛ¶™-~@ÈP¾ Ó²CW,²Y<¢›Æˆ8O¿ê–*ÄCo°>éŠËoR³¥2Ö.˨VM™•õfËè“ʥ걎hÁƒÁ›üH3»ÛZÁÓ«y®ræ‚âòXÒ¿”ìƒâ±\º¼ûCÁÖ¬˜K*аäræáǾ¨Ðºã¿ðý=¾tÍw[ž™ŠÒä¾h~BᲘ2C6+úxge=Ù72Ó••uY›õµÙQïfPÐUO”•â öê^mÿpú‹ìnøåýU'û`ƒÃ©‚ Û¯ExˆÐFŒ•eÛ)4XÙýs¬ø¢WîÅr¢ÉguÜf?q?`þ'¼KÕW±t÷(Y“h$¼Ì^ºã{,<Ý\ µ®NtÏ•ó—4E¨°€êÖÁ›RåøøÕ • Y´NvÎvòÓu–‹4üHCÙª,‰—‹wˆ4»áÖ-^bÛO4KIˆŠÆ™t nÁ»ñ3M-;¡psšßžån,+º™[O8ßà'0åÔr.ÌWÑ駻I‡¥wo X‡§Ÿ°NE+Öéק°U:ý3m¯z,Âiqi•Ž"dK6ÙùThw÷iÛT¬”¥™š)žÆº§ŸÂ!2÷-ª°!M¾8@&{«`˜åÇÝc³fJ«B]Iù•]dýù=)ê"úš-ç Z¹£Ü+ÏÍÝg«ïÎæ6Kƒ7ã_žšô¬hyàœ–P¬÷AGæ•üñïÊ Û[žñï4¹ÁÓ7/;Q{¸¥ž,–pa77—g¹Å/:þÁʯ¤Ónkd¤ûRpݹSoÛýîÝwZ‡•ê`ž•/iŸòL.??9;¹ú•Qˆ.¿Sßðe˜¦Râ •µüg•ÞD·eg³å§ç{çOmKŠ–F©y⇮ó Ú0]Ã#ú†f*óK¥ÅrEÛHfÍÐÑšQAÍ^Åj•©W"¢×o™äæ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (183 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

CÀ›ŠòÛCœœ…shVð"”³w¯VrOÆ“8Á/1Þߘ,%Î:^ÞÍ™ÊRžã²P³ø”Å:ÜÒõÐÑæG@O•W*ÓÈnð1•f÷j…tݽNH1WS›x¾•»ÝgD¶a3·!{F\•©(xq™Ðw̱íýÎÉú•8øáäÉI¾•>°@¯Îvž•a‚`X›uj¸ZX] µ´ñpq•üto{o{{¯lÛÙ;‹ÁQ“7’ªlÉçÚü7rXšlM²•”ÕDä@½š8¦WÛ8~VÕHH•Óýäž÷{,¼hàápÅwEš™

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (184 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

½•`îaå¸ô¦µô.•t|tü"•w‹QÞýÞëV.X\6š÷¡óNé>vo•ÓX¬Gxvþ:•—Á YîøHxóïζžG•dË•¹¼96Æs±H•X±6VÀ»w{¿½KEC™ro¬[•ÖmD˱X ·‡h²n÷íP¹ÿÃkÑ™|ºzðîsƒk(…B*²´Kd!OñxæÉè(¼Z×ö¶K‡ÀÕÞÞ~!kÛšYµ,5&Ì÷F#_Îm‡ôD›A|ñ“Ú#žgº®ÀK—0b·=Zî:°<9°ú%¹ÖÕ½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (185 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ï3Ñ•üj®£ÀB´

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (186 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 vww»E•‹»ãru¡p]€#•ÕÈÄ‹Ó8Âá æDŸ¿•ÿüЪáˆH,«€•+»€ÔRϼÈÌÅã±X&þdamiqíç¿V*ÅâöööA¹`·˜Õl6[«b9‘¼9• iv=6¼#H%Ī…×ÿêºì•3ïN PXdätM€¥™A¿b}œ¬:é’ÉzCx@±) ÛoŽV•·m{û°’[YM'™+~÷fT1˜r-VÔã²Dןl£qJ:þö†úŠ•G\Çy„¤)3$•¹Ê|ùN~ ¬<&äJált9•3×A{Ân\ðH±ð2z%›±>¡3™|–8_ßоsËøØÎÙYû‡öo¾ùíôýIùÃéÕ/‚ø4˜$XèØ•©ÑÑ…x&“‰uÌÅbsÅ<€h•Å‹ÅJi½RzS|¶÷t·¢`YÕ^•fÊ,n5¥gÚÄV

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (187 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (188 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²FùU¾Yú[šáè6âè&ËÀÖ ÀU°= ZîA•zÂdFB$ELvx‚¹p¨õh¥uowïY //ÍŒŽ'•,|c¸f½Ë§WÖ=Zâ´Ž—“ËšprY2? v‹psæÞºÓH£Ë°6§sÛOæ’ÓÓ77st’‚4ˉˆŸ°7”PÕ5&×uÍ b±sþ½±^Åÿ–Ül_ý¦½ý«ƒ³×ïÿ#\>ûã¿7Ão·‰uÁ^¶ÆZ•ÉÌe&‹±"²ÕQŒe2ÀZq}½”[¯€l•‹oöv±gŲØÁ³0R²È‹“(…«”^%3•‡5-0åŇ$"f³.P1x€®Ê‹˜û^Àtºð@d LʇÞÂak·µRi}ö¦R)UJ{…˜?íà/M×ù,E²¤p ‰caB±êƒ¡Š”ÈÀOLp•2óô¿÷p+MO•Ã–t[ùÍã?ü¡²rsssµ’ ®P²ðÛbͺT–ô¼ûOzÔ×°Óñ^—uবñB$–Xµ¿lÿ²jœœ¶cãúv3Å-d•ªIP©XÇÖVG±˜™Œ‹±ÉÉL|a®øs)•†ßóÜQúU®RyvjÉâöPãÏOiÐ8`aõ™’ xžc^$VkÆ´V•½{ àt–ŠT51cDô‹•O´üì&õ•å×g’.•³n&Ý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (189 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 döZöîAëñÑ»£ÊQ)=•sÛ.”-¿d¹²u•Öפ‡¢,/Z|ÂÐÕ*·¸#Т|)Ï•pñâò!ʘ¬H/o?®¬ êKîæHÈo\ÊÁß(~ïT¡ÇaQw2ÑÔ`oÈEèI=-†ÿñá]·¾üêÏ£ÞÒlÜfªŽŽŽ•ùùŽØäÈW<Žd=‰Ç·ÖÓ8Ólu%•«”p•ˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (190 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 là9i.K¨F˜ëÌ:<©+@fÕ˜~#ɉ5ËÖwéÁ •[email protected] Bþ¬–G«” 8Ÿ•¾.Êéb‘šZq²ØŒ¼yµ±`%œ+êÐòêy-Ð,§£Ô ˆt_‚ÅÞéô|]D]óTvH·®Op³¨æ©Hò¨5ÍËâgøèlÅN>ÝÑ×=;Ûí,Ò¬Gµ.äK$²F.

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (191 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…õU•Ûl±86Ê9Œ•þðp2ˆX½¶žý'O\•G IDAT«¶ ÁöJÊÕÅÁI@Š.gè€õ’UD°æ¯x¦¸Jd½ª”Zß¼}Š••ØVŠû{Í¢[ÄšD£ƒÎƒ–Mˆ•Í$GˆTÖÄôƒf67‰R!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (192 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

œd÷%´|>딘W'Zu‚&ì•ÿc-,ø_½SVªšâ¶ Å¥xüýÿ&½h%}`M9wÖL).K”–©,W±(áàë~'¦X•(6NÜíº>0 NOS/•8Àª‚Õß[6UÀkOtu=Ñו®™ò[Ý#—uZ•ÕÊ‘¨~%ÙPŸÎúþûÛK½£¶HU pÈÙ•†wöÒ•¼—ÝÙö…Ll2`ÁÏy>1ž˜ïšGåê‹•É‚5úb}eucee¬V©Ôº½·o[첨óÁÐÝ°„Ixj•–šÆCl°VSkÆK¦•,q„BÊ«Sð{aÛ¯‘*HdðS »`sPºp¼ïÓÝCiV.‚þ¿cã úiÔv°f§$äqH$HUÙòx!U?ÑÜkÝwFf^vÞ¸•/••÷(Þõ6Ð<Šr‡}Ôe9ºŒg »½±ê¦<æ.á´°% jP‡¾ÍEh¿fÝ~ùáaÜLÑwÌëèÍm•¢St6&a0Žaô

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (193 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~•Y³èq«cVf.†¢5›ßXOC

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (194 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‰ÅÅBjq!p%“ŽÝò4™Î¨S¦¦œ@Y4ŒöH°Q¥š-Ī³sp°óþÄ`…K>HÚ•»t#°ÓéoÎrœuSÑ<¶6ÌÎ4käÒ`}lÕ%²†…vÕ;¬Þp$Ò¦ÑO¾í[=ÐÜÅ bòª@ݾÀÕ(Ä;²WããÂt$@ºæç²èÂ…v+³µUDŸ.k%W,UŠÛ»eÛ¶ª •ÛZÖè c;„Á®ìœ™ÍÂÓŽ¨™MÜ‘@cå9 †ñ»˜Yÿ†‡+ê.\•õKw«¢J)R\2'à)‹Wd‰àj䶰q…#"Íù›Ñ-ê CJ(T\–—•AÐ'¨ÿê|Éo•za•Èœ˜àÚ¡rκgJ€¥lB7*ó}Èuw£u™@xaKêV}:‹¤ª•xØÓG:<^Àf”+ÁÈÕ•óϾ5‚XÊëµèÀ—mÀ?Aï Ù‹¼æ»óétz¾«“`d=éÀ÷n@@ÌÁ†½røf6˜-MœžÆlºö•eÖ,ʧð<5ˆ¦A-$Kç,ø¯0]dŽi/þbç¶ä¨!ÑW”þ=°”’¢î 9ze¶°†´‘•¥ k ÜþÞeÉÕ߶C,SÞª!Òåkð^¸X°^v>xðµ•N“t½;C¥7+:6+r°Î&tyå³X

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (195 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

±º,\U¬†iRËß•¶Àúǯն`[(º;£ªÖ›-ˆÃ(R5‰îJjUW2ÙÕÉé|~:•NÄH´PЕ•Žâ‹ôJzðÊ•ç*϶÷öž–aƒXÓt¬p•&ÁÁ"·ÿñY°IÇJÇNSc*BÌ3•- &æòÃrú›ºš>¢YqåÎñÒÅ49ñÑÞFh¦+¬‹©ÈZ|r<áCklF¥‹%kJV £žPè:•º5øòƱnÜxЉ¼!@Y÷xkØ£œ‡°xC8$.|…H˜®$ú.¬î™ÿ´ü{ÃáaG¶n+^ëöø‹võ•ÎWß~þë~ÙAìŠDl{m ÓìOH«&qB•#V]É.B+™Þ20¸^lò•çfU4©ÊþF*àz'·Õá2`¹3$t·¿ÇQ²ÆêF”õ‚ëʈ¸(Øêã‹ ÅÖЕS*O"X÷áå¾W¸\¦8Sú’™zÀ‚‘p`P€5È¡P¹rúñòÌlÏ•ÛI_•G€Õ}YÿºËªkOv c¤XºÆ#áÞìÁQþìlõUéÙÞÞ›ŸŸ`á&/´ß#Zˆ(«•˜ÀéÖôãç•7Ó]ãäê;[1@,•o+–)Æ_̧s¹âÚÒ“íElª±´Z-à<' §nÊc=ºÂYƒ}d•Ši”&tóAì(¦ñI†Þ†`iÔ4o¨½3^íº¼b¹H9Éx¨•+?аU°—ØÒ÷õ)ÂEÉ•-gvó´î¦û÷UªîÞ“âu•Žî*?þÔyãÁ•[Ö•ÎAÙ¶<ˆ`a‚*Ïîñ±™(u{1\ô•6s¥$…á‹ÐºV##ò8ôE~«ñp*zk)Ü»¶²³óødçæjösëÍ0º1Rx++U¾zÖòãåïÒ‰ññ})V&çnš…bq®8÷äçâ_wמ–³¦

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (196 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÁP¤¼ÃY+…¤€¡2å@ô]FX³ð¤–¥YÙ3L~ŸOBh\¢Ý¥Øª³ÛêÀªO–~-1ŽW—ùXÞFÖõ¾ªµì€ÀË^[È \HÕXöž³•§+tQ½¤Éjºï U· pé•7d$ŤY¸˜Íê„•á@499ºôÃ÷3.X›3C‚+'ä®VÖûØßý+\9ƒ×>bãë¼'Ýpûv

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (197 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Mu“ñÊTBÒ<¿Ê•ŸGÉÊò¯ VH´>Àš"³Þó`J˜Êݚϥ°àPKÞÊ@ñeN²RÉÍøŠÜƒä_mÿëî‚Uº†'k`~F•žé.hÝð5¿ôêÕ“,Ý£ñ<;¾ZÇ:¦• +×¹+yQÀ/ůåç·„ã•ÇŸKgé£GÕû÷«•Š[*x-:‹»€•Œ"÷•°†™\ÚÒmG3Šn+v|ÒÖ£•ø²V+ÓÂàˆ(‘ÁâŒQ‡Â¨ÎKÖ»£a7/>™•…—S&õ¥f(} ¤1“É\Ý€ÈX•€è üÜPBáõó‚Õ*%Y©Ü¯çóTÑš/Â?çêòõDj™]ît§¶gꕧòûlö«Uº•5«Ÿl Ut.}¾ìpM ´&s<çAí€V.ÀEi”øõqäª@L•KÆ-С›gûd}þ•û–±=ž—=T ¶Hn°i"!ÝŒZEß$xïc‹C¡i»vìàuÃnœ7¢í¶c;®ÝlBhlQ+yyÝìOVw§Ã•±pD¦´ƒ“#ùF•ö£A™WôU‡®u®Gl

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (198 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÃU€„Ä•¨ŽUK-\µÛå…äzòÑ—9åÝe˜_$±aÜÌrV?ÍZ²ÔÁáÀÑŠ>ë7”‹çÒVg‰6yo>ŽjNhqQ•ÊÍñx\iãÚ5^ˆó§¬1L1>`£Å³Ù!²Qrmy×¢1;Cåmžš`eGÑÕ7í¢¡°â–=·>z¸Sw¼F¹Óî8`÷3Ÿ´TŽÉ•©=C×çSÒõN®ïú¸×wêÐQµéƒÅ“8œ¡‡´+]R•¨ll<º½•Ã{tÉÌ£‘ï+«D_¹JO$Ø¿×ÖÉz•ÃJåî²›ÙÔzöö¿(f7ïò¤<âä’Ù+ÏVÅê orýýòÍw#6ã6¤Ï/þÚ•ÉÂ]~6É•âÃ!E¹¸•„!O¼úLAÔ âæ•à\•U>”9žJ¥ˆÕ0ð8/mÙ7#ÊcH§hX¬…õu0WÇuÜö±ít°ƒÞk4ŽNGG;1ÛrÜ•e>ƒnî:•ÈV“þ_Éõ…ž¿•uŽæzt¯ÿÔu.ÊÒVÚaÈük aje°å¸W7•-•“'y¬®¼ð:Á³3Dè^••ñÛèÞ'&|O1<<µº'SëÿšÈßLâ~ö9••U—Ža±lóù³\¨åðr¿hˆ`á«Á`Íœ{•€^

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (199 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 b‹ÊðDØç18¦½ItÅ¥¸š1§›Ú…£\.X½_ raŒ‹ðÄ×ãÛ4oQeÝ‚'C'qV+æ Ÿ’6xš¾ ŽõL+Žíº®wð‰n{8—áÕG_•žìŽ¶'Ö²,ÕHe²pF§Oᩇ«A±ëÃ]ñÓÐU¢@¼“›©9ƒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (200 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å¥p®Ap•Þ²Š••ÀÏÒ£Û· K²³ÀòëXøzú:Öæ%EÕ™¯XééëtJað35ÛdMO'Ë|P˜¿‹‚€µ’M¾êkPv8\5KaÕßÁSa}ÿpgr&wוòÄVn•ŠCD¼âÌW<.`•Ó‰,ÕK¹Ö€f•lŒeëΕÛoÓ$ê•eg0šØJ‡wFs-~¢•ÉàäXÌõÜ’•;nÔ‰ÚÀX‹¶šk;*•ö3]WçGÒÈLÝÕ”›j~Õ«mþÑ"Îõê–:ÇFC¦ëöna)tEH¤X¶®³cG˜P–i Š%ëL$+]«õ¬ú›š’,⊽{p?"o‹À•¤”v›¬ÿ•‰ï"«_§rªÐ›7ÄÌcÍ?ž=<øò\•AžP©è•U‰•ATÈšçêžû°•Áúüsž#°ÐÄg8†Ø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (201 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

NNærDᵬ|¼ÿ8bŽè›xΩyKè¢Ê½¤†,XµbÒ²b¼0£Kóžn•+:ƒ¢[Q¬rŒ’,ê•ÂEÍ€•Óq9æ†,Úáí'Šj-ƒ<äÁ>x‡ù EIÅ•DhÚ*!`éܵ¬aOµûQMË.â&7»ÕêL¹xÏ4YZÌ‹ê"¢;ÀUšI ãÔ…Õ\zzmm½¦Ntþ%DÖô”\Ú„Ia6à ÁšMfŸ?[êæj Ë")¼yó¦ZÃ6x_È÷NË”C%-ðZyqZXƒ!´â=på$!T²5ΊE-‹¥† Á¼Xš^”¥“šêª2t»”Ñåû>ÞõŽ•±è†õÐß©NÇ¡êèˆqA–Š´5æ‚%.žÆù}/ϲ†•©¦ÙËV¸ßÃUįr‰:–ÝH°šb«¸‰¥ €²åiÚ•f“>k$õh⳨¡KÃÿôÈ" f³ké3–p…]2a®æÒëÀÎÔ´rYHÖ©/°8´Isrvs….‡š•É°^]y?çÝûŸ–¯^ÂQŸ>øýsiA‹$KÕ÷ä྇,|ÀšŸ'®Ð¿•Ý Ì Éh Zø“kµ¬ŠƒŠE**‘q2êŒÆ„Ÿo·%fïuÅxiÎÏÚ júœ.Ð[ÚSè1ùþ`Ã_ Ke"#ªêÔ}\Ó–šYUµuþðŒœÀ4>V]"…\9ò´ì"ü¶›E¬âZt¯:6ck–´qq³s1‚£ó(Ds!•b•JôVßÓë‹‹S`ß?ó·g኶ķ)§h7È&‚¥ÔŠk6‰‘ðò9½Zé!ê}Íû;&X…â]!Õb°|³¥NÀr½•`…`‰Ç¢‡°±êð˜=<$ÚÈúp—)úw™B†ïƒ-ŠE–Ùv-.:‘&òôÿÁKjr(•@A4T™bWq55Oi!•FÏs›Éï …¯r8ÄEñQ„8qXäfes.Zdë©ÍÁŠ¶%/1uóM‹Ù¿8vX.L

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (202 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ùõ’¢Íº‡ÕqX\ÍÊ&ï=Û^ÍŸƒ+}c!e…òjõQ¬A>‹o˜ìjÐÂâ„CöX|A§Ãå|ØÐ+ãkl^‹v®S‘TŽwà•?þ|Weý(…Ž,¯•Ä„j¨Ø*íž»,–:oŒ¶,UXÒ7l”—6y奸qOMI¨âYH¯"ªË‹ò•ÚYáƒUäÐÀ€,Kר.uÜXÌ‹¹1w 8.&‰M<1ÛåuJQÍOµL$äÐϺfú³ZP{÷‹î‰µž@ãûÀÔKVm ½ûó|60îVÀZî«ËÝ;š¬ËjÂb¸Ù•þ¾•FÈw¡t• ¡éÃI2ZùÐ"(â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (203 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Qó=W•~|Í¢Î-‹Ø‚Ä•ý;x&«È¾¤H{—‹4•ŠµH&‹ôÃj;¾û•/À•¦•×zð]´9•|´ðž¸¶îLH–.¥•Á^‘ •]Íà°OS|EBª‹wJZ” b8ĵñ6¥€È– ɨ€Yt=Ï…_ÈV,æF‹Ñ(¬ãDõIÇs›ˆ%‚eEü°«³½5lëcÍâ€7Á‰ô:†Ä4qU«…‚a ÀM±VÒÙlrsk{²þÌiÖ@°†¶ð3ߧëÏŸ»ÆuR–¬rÆÃHåstßGÿÊ«]ú²Ö'èšYàæeÖ«y.ga®H

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (204 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Z´þhÃu[`{[6éíù·xM|8HY-¤„̇£’HÄÐå4!i(fR½vñFh„1€EÙ¢Ñzœ½6°T4¸Uk¡]`iEâ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (205 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

;aá-Ô¤¢Ã\yˆ¿ˆ9N—¡hÔ¤…—wÚQJÁ\Z‘>TQÝýlnb;ÜA³|¡¢·É•$=QKc M‹d%¦R÷^]ÙÌΆê£Ù«-êmÈ®ô<}Á ¼Ö;¨šñC¡pNúlõ•¨J:ÉûþX°09Üäèçß¹•ˆÊ‡“ÄœDC_¸T~~^2ÄÑfm¸-ª¥Û´Ð³D•%K§ F«d•øAÊ¢o6DGסæRÚ3B\YªxEa²Ì•è†žuirÖUrg¾ª…Àb1'È X$8Í"så°äm‡5i?f©ÝnY1÷ ã’°"’n£q€á¿•rÇH¯P¬¹=4ë‹©t¸ì•,$)YL'Rk -<=Ü[z²´™õÕ*ɇ:›[«¹ål/Tok—5zã=‹o¬Poɘ4ÕâÕ`S~YqDïtè‰vDC•Óø‚¹-¬À{-«‰ß#›7Æ£Í"€ŒL~ñEVÌí¸Î®ÅÀ¾àw«ˆzg;Q„„êYðB+rU@W=Ì\˜7CkeL¢Ê”FßJ5%`™|Ü'`i˜Îi|„>ú…”×Ä:àê¸ø ]ÀWÛk·14B”†O½“z£ÁÐÎp)`íÓ‹ýýtm=¡$lnŽsÀ©Ô´Ø÷p•2ø eDÉJ¿úçož•æeˆ:Ñ™Åõ£9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (206 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„³+üû•r5´ƒ¸.d²g7©ÏË•_•÷OxØgq)+ª8(¬‚9sÿ\z•GyÆæÃ6ž!"œü€m `XÚ•`q<²X²èͨ¥,Úáààu{IËAº4®\bvhs@ê™Ä¦•º©X:«UàÌeÒY7¥ÞAE/ƒË ºR,¹“ bñD—' ·r› b¡×¨Ósܸxu< ’Ä¢ÖÌdÜz£¾sìyˆ"Ê]H±ö÷_ŒÝ.ä²~‘Tꥉéi$h»fè3èêkÓ©Å„"•ÁJÔî•+²×M†VÁvX"Y³ï£YÃÎXÌô•hMª—ýdK^Ýàê7Órrt¨JYç*Yü¡BwŽòóZ·<¾•ô˘‰±¾UNïãm©Ÿ4ê P ]¥RÛ£kÒÜz½¼S%ƒ¯ïkîVæËÂD:é¥JqNGbb*»™œËwÒ<9í”îü½•ÈX2{Á mrP5Òþ\-ß¼üÎά~d‰ÍêA«OCi [ '‰)Ñ-:;\¹»Ü‡&Ñ°PM»³húþ–o¸Zääw¶~ÿƒÉÉ;qE5Ó¬_ÖôÃG)6á

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (207 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‡ˆyÁÐÚ1„6M}á]vØZ IY\JâŠ,*Ã#Q” 0T¦¸vé-d°|»eªÁg©·“œÁ¿¢1¬"•ž±Ù$Qn…¸òb@[ÅkX‡;‡åÑrùðéèN¹Þ8ÆÀXBCh»õry´Þ©¢±wXûûô;ýß•ýW•óÓ›½ý¾ŽøùnO•Ò‰PåT²ÂDmjmqëÃO½„Ö¬ŒÄ¾új¼;}`xó>ô±!ƒu3ìâÏÅÄ~ëÚ¤•Û€\ó+×¼X±<=–d••

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (208 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŧBå”P#ayôpw÷hwww^•ŽÂGNh7˜í>=Ü=iTK•’¼üÞû~ïÍÿô§?þ`íwsÅÅöÄÄ·R[•…+h>›®É¡‚µöõ½×¥KÞƒ\0¡³‰{¸ùÆsP°aÙ>*´\:×Ý¡u-(iñ»ÁÅabêgr²ÿ)LJ¨Qb¶xü7P•8g‰8ÏZàážñ0_ÛÛ•Î`eh?•ôi•g•MR,SÒÿ,¼Ä©èa£sŽ…¶ ya7.7ñ²8Çn2gßÈDdÀÃ’3²[ç0©ÚG,_r ,KÀ®€*Ò+€Šøbz„\•îžÂ/xN•à9-•îŽ–륶[98ÜÝ>=¬—JOë.ø³ˆÏÕ·ßO{ß\d/¿¯°"9ºBú;kN¸Jð(4JyµÃÔÚ‹ÅlrñÕŸÅ.UäxýH¼;)a5»2;¼h •¸3ãÃÕÿ9•p(&ë†r÷3“,^×øXZΤó"SA<Ìw‘” ø‘¦xdqü7«[¿ÿ$b1XW7ªtÔh••)9VP.åÜÆf˜X⊂M±yY(M‚vA AS'J÷Ô· ^µ´pÝ!仸§“ªÆT

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (209 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

 ¥,]º¨AOv¡y/R„\PQEšTU=<ð¬ÖŸ–wv•NQ±ª×¯·qIæÑ)•U/yõ•£ßíTïïî4Jʆ¹=$l•ÿâÅPžx&'6dÞ/þôÓ•ß+Øðr”ĵpí {µÔÚÚ½»ÙÅÔâDkŒRÁ廕.•ðƬ•Á+pZo·ïõþͨW¸:wOæµ^Î&ý¨Hµù`½ÊTžXÊ«á_?*#•ÕÖì?«ð|õ‡¿”Pˆ[•T{©{õêiK§Ë¥ù@NUëƒd}±RÉÅòÕ_F•€í–ª.?vÒÿ–•…Iª¨Éå„rúÃ;Á

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (210 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“Ï«áD•‹6E]ðUøVQ£Oh쯄+V*ŒƒÕª[éB°©#|ñÍ7/_n}µµ½•h6J‡»/·^ŸÖ•K‡ÛG£uÏ‹(Šæöˆ¬½7{ 2R{ßýêWß~Õj¢¶þ¢–Ns¾(š6•Zû:{/6\¼÷dôÓKŸ>.¬,ÜZº²µ•[‘êÃÊ{I–„Ä÷‰ˆo!«¿•ïFMØ‚üPZip“ç1s9¡J¬VX·â]ÚUÈagàÒÒÒó'¿øà#*GU6p• 5?€nUG5Èí)(Âcê|-•aXx5S«Ýnãü[qêŒB²*¥$e tÊ•˜ëàp4ò½Šb»¤í…nС#*ôq¹ÁD®L¹Š»ò°VÆõÒG•ËWÌU׫žÇoW)Ù«—w‰)P+k{k‹/NAÕj4N•^nm=mÜßÝZ=Ú©7"$S|†KcÌ IDAT¯ß¼°öƒ•qyáŒØYÛ}¸úõ÷ß}O–,¿µRxÇL¡`a“r ÐúÝ?\º½“KfŸýÓ79*AÌr3|¨äÀí ÿ•\½cÕ‘oâûÄÆ^ýšY^Që.xÎ7ç7?äù„:Ïî«·" léÊ“_~À¡ðê# êo>º•ÿ fÒºS‹î°¸7Û®°£&ÖnGqY•Šl¸5o÷q«àqÊåÖ¼¬(Uô¹lDÝwÅfÆ ¢ÿHq•þ1¦Š†ÔïÉw»ØÔ:•[ä°ˆ«• ¯êU7ªø jUP²îïC QßB/i±/>[Û¯·OŸ>ÎV·Žë;Û«Û/_î”#ÿÞú…Wö½ùÛ¿ûñÍ·é=yT¿ƒ•Dmb/¬c‰éu_±è¬p1‹`%I´ïýügÿx)ú`õçÛ¿!°8 vq(ÖÛv:•×[»•[]QqЕ)È`.·ÂµÎ¹]ën¾û¹{Þq‘‚]ñø•'•ˆtÎöè¶Zê=¶³³s5ÐÐTlËŽ^ˆX6}ç©ú‘íÄbN,&%´u¾Û`ÌÁ»˜–••ä|°ù”ƒí·•/£¨XäßhѱC*ä‰\ŠøÖΕ§•kÛã©.©“îH([å+lé|–ó¶tÏ1Q¢”•`¡¶©ˆ> ’Ͳ…à€ñ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (211 of 1076) [12/16/1999 11:39:13 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{ùŠ1±YƘk,²ºûЇ<•§žñs®åå—$3€•A¤*¿üÇ•Ž9æF%1Šîs1ì]8îÊìÂöb|5n.«BJVÅÔ!•ó"Ñ" 4zm+I&Óa¬Ý××Êårª,GšÿñGê•ÔíÛ5¹xg*5¿±Qž/oärõñsCœ#ýé§ßî¡pÞéW*ú]ܘ{¾öý•ýóŸGáÈÝa—yr87gx-3©%ª:{•ËËÕ,šÌVýÂE³‚Éz.L+›«.¥ñœ‘1’+"KNE‚¸õe³µ[lÝ_,m'ýSù|²ÛþàÁ#ò󕉅—ËßÙPžE•ÐqyC{ìÅ¢•¶•÷+Ζ=HUª¥ÐÎN©T¢]ý*\O•BD…{•#1¹"j]pׇGqëm.¾3¤kÙ¨|Èqš•ÀZÁˆ"FéÅ+««’«

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (212 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

½U∄Õ*…àŠ®"R•Žc:¯Øq4¼«¥£áL4FaQY$}m¨eåŒUΕOÊr‰Áç&s¼<<©ÓX±ðîÍo¿ =Ô’ÚCÍúEK‡ÿ'ÒýßoßDîz-7Â$^õ£•‹òYW»kx™•ø¤•¡&é¯Òw{EŸMDD±Uœ–€ÉÏe•¼&Û7,=˜LRLôÃ`qqaÒÒÐïOïÞxù2Hq†È"vöíÁåû=gH±¿|°‚V€6ÅCR•=bK\x'‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (213 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ºŽA¾†•Ù‰ºÏŸ2ÝZ~J•Í&Ÿ«Ø.>•ìgâŠòk¼8sÿþÊÁ꣙›ß~XÙ»þ`ùÃÞò7Ëû6ûÙÁö¶Ýf·¯,w¡÷‹Û‹$%¥’FÎùõÅÄRU i´Õ×è)iضŒ‹Åàš(ãúBîÎ÷f`tP†óJiÞ»XÑVŠÈn⇻¡D©Z-ñv²%ÀÒµâ(ˆ9šÐ"k+Õ£1<¸ÕôÚ5qpCVª€ãÀ•Â€u5NõÍ•œä?bjcc¾Œ¹_•1žqÂf¨W,vü·7áØà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (214 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬ÝëîÝ©áNzÕà´ÚÝ»gÁº¼É’l•G–‘/5?´-‘¯çMŸpÆTDÄ9ãƒÐ-ÍYkæ…Œ áñùî~ Ë}GúÔ>Þ+ZhWR´

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (215 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

?8¦»ôX6Žd²ÙAZÑnË;ÒºZ³•.„])Žù¬ÎW-žÔ+¶‹ žXp²ìÍ€8g°5]—-¯õ‘¡˜à•FV"ÆúŒ¤„*V:OFV~riáÙV,Z‰F‹ÛgdÚ§ßííÛxõØ‚E ‰ödWû´Å…D]å5 KiÚô§“»xØÕB\ÌÃ%ROkEq?(ˆÖí¼u;F xÂá±pe•`õWàÝã塦!¯@?3™YÕ*†œÑµ-‘cˆ"ÚÕ'–×bÑXÝ¥Rz/[Á‚n‰ãœWâô°!ïpZx×[èý¿ÿì}eì•Y®Íß6•ó¸<®@Ö%æbÒö7=±LFm

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (216 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…ÖpxqÚaü7YÍ@xÞØ•Fº»eþÛÅ7Œ£÷„h¤2=ÝÈ–wÚbðÍ¢¼†•ï«_úéëYwñ~×?åp8²5ÝçSŠÕ×öÃ3Ú’Fu}Ghá-hC•yOÏ>r©ö×f^(•Å—ÜÕ”Ä.¦•ÑÆ?•ð„De(‘PÈż•OÝ^ÊÅ“†ƒbÀ°

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (217 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{Q :Ã+3¼ArS>É(§·Âjz7’U•RH£À¸¶öB#•¥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (218 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°b:Ç(a‚+7›"7=Ð^•V®A±ê0½j|Yˆé©ÕiïŸïZÈb°Ü˜ •>w¹FúùžÎ܈³ß£{ÃsÎT•\,Y†ÕºÌ©ôóCÀιÜúÄðïuÒêGŒòã¸qѨ•O椵çN>Òv—`ûÄn±” íšÂÅ]¹ôTmjIѶŽ•)"ÚÖú)ïáøy•eo¥ç_gh\›Y#®Š¦)ñŠ¥0†ÐÊ`TÔnRK$•G]•TxO·Z\ ¨ÂI!ô©µ5.®¬ÅH\àâ¢1$¯* ©"áªn©‘äÎNˆ„K+ÁcaýmYvRì•jnÐåNÍLäŒØ|ä5*VX¢ðAh1Uè}õª÷Ï?ß5RU °~ÞÜœ÷€¬Àìó9T•L©›vŽ«…¬¦Óè‹Ow.%Z&RFAüyD5ãÕ(]Í).ü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (219 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q%DšyC½,!Òk:zÃØ3Yõlê°è™$#û-U÷èê]¿ªßÖ•»‘uïAän‘¢6΄˜ýÆÍãîRé¡¢X e¡B’Á¯ó ŒBlr‡¬wÈWZ¨T•*y}.B™.ì»0:–‰N]¡

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (220 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,•'S¥$‰ôS!—¦Àؽ]ŒkÃÁ{BÄAþpÜU¹r*¬À2‹¢ä@áôÝ»W§ŸþüÔkM›JźCfËé´¦€ã9·}—`E#ÃæV+W-ªÕ¦•Å`]•ˆæüJšs‚£Ð.ÑÍ´~AÑ•²q¯W %¹š›–Ÿ[‚£·¾u4 ½%KÏ÷E`dÕÎfgÕY5K¿ŸÛ„B;«ÖÊõëòvß O{`»=ÆÐùã°¦ÐoZSž‘ž'Cla\T&F†’¾¨=$2‘ÞŒ¯Ê˜8Óµ"á)n“–½ />FŽ••.?••äŠ6†J¢” h˜ÞÂN#Q#é•Ýx1žÄN”“ z•ÁrÃ[#)%Ò9“«•k•Y¥Êˆ•§ì¾pZÈ…ð½Ÿþì=•ß5”5€èù›SŒ#¿CP<èkÛÆ»·•¶‰•qq}•½á¸™†¿‚h ᪻.ó„Ñpøü(Ø2†1L[DËçæ,”5%ë±Gœèëën¾oxvxv¶¯/@[ëT-zt`§Í Ýf³T‰vu]çdz·‘¯¦ï‚gÏkšo]ŽLä•‘™I`@»FÚØ1Y‹´Ñ[ä:…àr D'?9ù‰hœ"lðþ#q–CjU*%B‘s

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (221 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 r±ó¤•i5)•*»ø²ôï^ÕqŠåªž‘Ú”Iô•Ž`Y<—<2(ô¾§‡ÞO ;¼Xýý¢§‘sâ. ²œ£Nw-Š4.„]*š1±I¹Æï]•,.ùüJÂeÙ0šõÈ(0õ6t¢˜6½—)^†¨5´… •@ zðÕ‡• è—ÇSûÛ¡}ÛARªë]è´lLs~ðͲíõ1•u’+ë8üM'×ÉÆçUq`ä_ú`†-üV:•L,(ŽRG‹Åµ®™5†JdÖÉ••Ø•Å‹Áb—%•%¨BZ’©B1_2‘ðÑSxkgµ‘™âŠšó”ˆ•È{nŠÃA`Õ X§-`Iá2ÊgÆN{{O6NzÖ’¦bÝùYŒv9Ÿ:§iÏãuŽö»õ¿Ef9:•`‰SÑæPØÎiIµºVM„]о•«¦gKO¤^É/Ðmž¶-†2H´šöŽLX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (222 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

@†kZfé¥|ñ;$ž–KèoªArX]{ûd߃öÑ%•¯N<øæÚË=[åÖµÛåÜI9UÓ3,L‰H6Íd²ôq\ÑsZát„ÔpÅ•p"x‚8R”ÊBIY€%ÉŠi‰Òj¼J[>>¸Až!‰“dɶ¶ÔÝ•å£wwŠ‹J:“• ÷š.`ßçE(ÜlàªI±:‚%ë°7|/J=Ö數 mΆ~꜕žvz蟓щ•96ce„Á燢¥²AØUúwË'_º~läŒájÖ•:]Íùˆõò¢±®—ë ªÀÕ´ŽG=z«Ù,& \aŽSו£çVoëŒÖI-Kª”ÎçÓäÚ )p•ÍО•QTuø(YiðãS*•D…ö€‚ä!ÞàÍeéºZ•T×I˜B¨·JFEIñøô&¢…ÚC¸k«‹JRdݬš.’XËMdá̦p)°Ø¼H°•Êj–¬nÎý3OwŽðÜ&äH³:À’aÐx¯ËV‡ßJç¼Ãø½+õ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (223 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 ië‹Ñ²ÈU}5°Õ0"Yzzùr^•°iîÚ,z7£í|µã·Uû6ZF®ØŠ Ó辑Ť/ﯜ}•ü±VY·c-äàìUÄÖ¬šQד‘LÄGAMCŽ?•ÇrAÑ”øÚš’Ô’†{"GŽ`IŸT¥x…•••Æ>b‡äí25ö[i5]]MH°tfÊ<½!²r¹¦XØV‡PhDÂ1Nhz{ë`™ÕË›wpgƒÇŸ’Zõ;镬–Ë…Ä»(0:Ò;²Õ¬«…BãTúë“õ£åaÜ{Ïãn]®úKÍG,în}«ûýð>‰‡bPÅÔ[wÙoÜ:®•s,Z1"+Ÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (224 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5ŸÉfÔÈlZYJ¦ÉZñؤ?¬æµurñää?V&ÈI¤Q¦€LB$ùlb0WéH†s Ð@Úpò}â ) •¶ $‹f¬ í"²6rï>Ô¤Xc•=Wó••š’eMŽòa5É È¼‡9˜)âtzjáÚ)•°Úì;•Õñà°ù„çsŠ—?‡°vre,üw1JR-•/M‹ékí´ËT0è–ËóñíßÏ‚{6;7¢BLD§*£1(f¼Y(Î$§Q"‚ LjÚ‘•h>ßúú/•Øʨ·

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (225 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

_Ç•ÿ…uΕ%óaÁ•H'µˆ¦$éH¦/2¤Lƒ´€"F•)¥›L(;™XÖ(kÀ¦ïHÁ»¬z0(XÀb`È(fzßXœµ9´I$n ¶a£L•N°ÊeQ1#jÜîùùšÅ†D¥•´~Q|Žü$´8£%UÒ¥Q~i“(m`ËtïçÄ+_gµbÕ©ðásÅÌÄ•Øš«Ïq7ò\r¯è²ÄI×yh #²¢G6;yø •Uk_Þ$48vo¼ý!•{G¿¬\ÛT•ÿŸ§®Ö}>ß=™\šLç1¾ZQî°¤,=[H@®Òô‹•ÉÏ••J#çÊ•V™?Ñ,ª ÈÆñù`x7TIDeqŸ‹¹â\©†›9‹Ç*ŒÉ:dÔ̘ÌYëgøúñÍæ+fyÍæ•¡¡ŸY±<.-'¦

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (226 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¹ÜîX4œFG[™ºbž´Ég}Yç·Äý,°¬ûDþa‰€¦‚¹Êä¼ÈidÄ}æùÿS[ôyMï.Ý<<°ÛÏ*ÛöžàÊÌ^—5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (227 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

>ZÙî>f£5TÖù·²Ø•,m•°š¤çë“““ëë¸ð¸–ž=Sž-(y"(ýÌçÌ[‘¼ÖÖi{I¦Š€ÂÖ2® NÙL™X+°š•QÐ#þˆh2óž””,¡YÒ¼ÿe†Â‘PlcF2¾aÙúøóð•sO•‚Å"§ÕïyúÔ=^€£`«•dµ)Ï:O¯¹º÷‘P2e)Úú*hYÖ8ü–

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (228 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¡ð déà‰¯iÇšLY¹j€Ëåùáøíß»ÏhY1¿œ¯v ´ˆ¬Ã£•Û¹¡÷ïO<„V&Œ‘ž‚,!X>†Jãþ7âãdRóq›ÔÉül6ýëºFde¸ 4šöù^øÒi ”…{ÙhF¥M§Ócᤲ.Àâ (C¡P,· kc#g€eI7tLc ÷>0vÚŠ• jàÝSÃ.4{•ÊÙ†9lÝzfvÎ ¢V£•Tµ\b½,y‚xeÉzò¤µQüWT¯¸Ì¹Åsõ–s<Ë΄ˆËÅÓi]Ó†hÉGÚõÔ>¾yûû¡u`/ØÑõ³‹/… áZÞ³½©•P4LÕHO2ä†YÄUb‰¡6)££Cs8è“<øBŒtøÕÉgK&U¿?ïÏΦ—”ŠC%¨²±úBÉ&‘…3gˆ$+‰'ºGDA*<éuþ`¡þssÈÐ,X•“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (229 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

&XÒ¾[æU0Yw6ïP8ô99‹Å›BŠ†,;,®ÑV¬®•ÕW¾fRõõò[

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (230 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ëG™àº'çAZý|½íÀœË{sŒ•©a¼X³È—¿í>:´oP@ÄÅaµÌ•$+ö£·Sïßç8

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (231 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†9µ•„Çò%ŧ,•,G>IP9ò4“˜bÄ°ò˜#‹µIŒ±oéÙÒºôÎÎRÌfÕAöSˆ†Ùÿ dæX±„ZqÖ&«&ŽvP6³‘Û0\–¥ºá¼¼;À:mÕ«1¹?Bk~zÎÙO0•"ö»H¼¬XfÂÅk”W;‡Õ¬ŽLÕ7†ŸwÎÓ¸¯G–`kœ\u²\sæcWëš%ß<úñÛ×7 +R-´Ð³qÿ¦K4S[3¶Ãî•Ú»÷åZª¦ÓÛC€åX É–•å ñšÊçü˜9&µ)”Gk&Å:À£ŸSóþAzŸU5•üVLGÒÁŽÁBVÍ# QÔ—J,•8Š&Å¢]ž±ëc°þúë‚qq•S¨ a°0ðþ?sù¨÷ • `‘z¹=‹zÀ·Gþj¤õdçœîY¦{¿âì•64P™®ëûÑüÀKFEC°¬\5~b‚eÈ&uºR$Z¯»•'—uPA{Æ"Nw‚û{²Ë?Dk»R —sô+Ö!(\1³NP)´ÿ#¯NÑPsš¦òSþ)?E>z˜¢'y‡x5ï˜ÔaS适!bæý$mªêÈdóÑŒŸ‚)U†Ó³º¨Â«\NQœçšÑyq•kÞ(oX•I~:Y,Îbê¤-¡°PxŸûé§y0D(a+(,¼;^œõ:¥Zö½E®Úm ;•ëÔ' \q Ý…j%¯`| Xí3óã^¯w®•¤¶`5•‡Ã³ímR•UîU\äkÏ]ו~Y{¶íÊÑÇÛ¤(‘sÚÅñß/ÐÂÎPc°˜!ÿó»~?_A£G^SBÀÄrïŽI(šæGã/É—ÇCÞkПñÔÕ¬TÊ“šŸGÎ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (232 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂrJÜL•ž”4ðf(ìKÕ•ùù!,úÆ€Åd†ró(—qA£\}Ã.Ÿ²Åª±Åª/R÷ÚÙxÃÇwšˆrïž‘o¨söÅXY‰ê½žŒêH”îj;CÊ‚À ÷ËßÒ:Ù«|Úï¿K2¬îâšœQÌcÖýx™t,?ÅJv× ýy‡Û”Èåóª?Ÿñèþ)5ëbûN‘B¹=n2í)—Ç•»

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (233 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¦)d¶qcã‚l

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (234 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6¢´äÅíÿ•=ç<¯÷Å楴é068`ðÇßó}Îsžó<Â{ÏØN ÚdŠšõ7´ïOA›èu*³_bH±K`ñZüøîâÇ$cwï.Ò½•¦-TÀÞÓ¥nÐ+·Ê•ú\XÍíçõµJ»Ó„Ù-×ë•2xþz×rij¨)–(

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (235 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

å+ÍÒ d±Ò ýX°• «†»ë•¯âÇ·ØJa–M ËuåÜs£R°²°Æ)—^ðpC(Œ¼~–†#aò~æ"šÂðÞê€R¥@U´G{é©ñµGÂn3{•ÞîîÖàè«•g+;•ç[-ë›o?þ‚uwIŒ»âC™a¶´Ä».y¾üñ"!Èû3].µ–µ{´*•z¹UÙÞ¶€²V¼óIàª^ï¶3m·ÓVŠÅÓ#lÖÓ+rïbÙ•s•n—Ì6ËÀƒ{‘)&‡Ü»ë¡0œ*ž$ÕÿÄYN§ô¢Qé¬K¡ë¶–@el]žrå/’Õ•ì•`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (236 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 qg4hÓ¿÷¯Ô•ý*µëoD¢;+_&·VÄvÕÍMÜmšõ*ÖŸ5°Êì•,nÁ5úZ™»&!£CÖ—´ñ„CÕÂ.M-Ô•ŠÕ£[G°¬6L&X'¼CrÂO”_ŸóNykã‡ï·K®ÍÀ²™â|ÀÊ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (237 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°ªœ¨+-ÂjD@³ºãÕªKÓ•Û·ù†ŒÛªFзtÞ.XøíµÉgýh,eGýFqor‹çríScÒ•þäà‹Ù•æ•(Z÷?C°Hn8TÐRy>NÝ‚÷ø{¸03°øRá\"=Úa};'3Üc±vl

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (238 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

7ÒËu ,Z%´•ù¥[ÅZ,kÞ"¢€+-&ŽâkÄòΩ –/% Ê•®ÁÏèua¼X¬°È”…ÐF;ç8T>YÆvóøà_¢‘X#Û•lÆø‰b{ü¬fÜ‚ ¤ý÷ï?Ù|•Ûì7™ËÂHˆXQ/P¤2¡Xµà•Ç¶pƒ]ÌX"'’ˆ´yº·@ÿPÇ5)„ âŸeW¥4Å ë„„ÌVZ,Ë5J"d«x—²Íç•xr/[(ø]Ö¨<•‰zžT`5~ÿýåHÖÒ|N+•ÑTW>Å«ÕøÉì„—$Hñ¥‘&¯VšÍãÁJ/ÚØßÇjøVǦ‡x¬ ‘Õˆànéel&É6x•Åúì«ÇO¹od°Æe‡T•yâ„Ã_Þ€1¸Œ·ðÞòBUgÔT£oé«ì5€‚…,š*†úv ¬oOTžuµ%®æ62Mú¦‹DëÜ.uW[U#dN+™) hÕ)^$JÏ×–æL`éŒÝ–»Èò·ƒ'Ù•…5ø6,‹Cre24}W

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (239 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

K*š`«¹Ýý®ß‹`¿•htËÿXªtfæ*¢‹ýü6©Þû¯}òàÑ ®>Fß~—ì•B¥õ,zñ6¯B/’–£¥•Tÿ©ˆÚÄ–£ŠVE„jÎS…ò[üê„ðîédIì”u'°ðLÞ†»dà7§HÈÁ2•â¼Uªt[-Ëð Ö˜QÕS¤¾0²K:ÈØ%“ •ïø èV>?†,-ƒÁNaç~@d-,,óSßz½•ÍW>ÙüTªErVqÝ ùÒn[Ú'‹u½_»«Î’¤H þùŠ%À \£ë±ôÚVÏ€§Öý-O IDAT××\»†Ø›¶[ª0ïŽÅX(\¦Qÿúklhde`•N9ÈpÖøt–\‘¾¼…i (•é|^FJA•’³Ð†óôR†$Ë•ðH‚<Ÿ·,ï-£b•¶›‡CÑÛa9‚¹Ò&âéüüЈ"W»ÃþÁ««W&®3”g¤ü,F>-ï,R¨•¯uR^ãMJVX,†á&ï€i‡Ï•ûØžô%•ÏLêÕ•Çì.46Wz›+[[×þyb⟾‚è¦Ê¼,+‹B&ô¦ŠmD’•¼f²W•eÕËO–8XT3rœlÌ}ûí·>°ðpq¸Ý¬Ô•/áÊhQÇ4°Ø,VÁGVv,X#÷Ž•æÅ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (240 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 bþÂjÄ•xySú6›RAòàY…g—'û¸*•Ä"±•è&n¸Ø§pP³fÌ4ðÁ•Ý•/0^•¥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (241 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Uý&mÚ'(ži žK‚’GœL—:…b‘ƒ‹•µñÒedµÊK‹ü•Ñõî„݆\'ô€•×‚‹Z þ6pµ· IT•¤ \•–‹#ÀïáGä²BUKžJ~þÎ!ç„æ|w–®]ÿ•§4Ž-‹ªRšoýá«!ªŠDÃ=:ˆu•kïêÌ£öüö¯½œ¸²T”®ÿ·a$ðáŸ1ð£Á?‹AŽ•@•wø¢•Â„1©TrM Ètù@¢j@•Æn#Y ¹b•llŒ#K[Bd`a$ÄoeÕÙ#îv×Ê<¯¦–)×~Y¶(Ùà …«Ñ‹;±â\•,Ù«ô²³?aè ÙÐc¡rí´•Â±Ý|3èG£X¬>k'JgSà†é}ê‘Œ&ž›ßíƒfý¥¨THBoŒ1ü–%þ•9_%ñ˜èŠˆs^45šð¨yF§VkƒŒ•-#ç-¾½åCE¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (242 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¾75“鬯»M>¯ì–Ÿ<\z²Ö*?yB•™¾ÄÉíRœR²ð«¸ø» >É’e•Ù°Ê¿°d_×ù¬Ó6ð{70‡‡¬j80œ/ø³Ð‚ ápýÅ›ëÃÈp•"¶ "6öá•@ƒÎ¬ØÝzvõ¯u¦L¨FB…h ‘õæáÍ`ø°O0œL)üçªÑ®Qµ6©ÓÁ•tÈ`§ScíŽ]ž eK†:¹yP´€Ï¬¯o··×ÛëðFÿ“e0ÖJ%¸ÚX20.Úf2Iá'¡]

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (243 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µÌ;¿’•J©•g€ê’–x.kx#èHûŽV•Eô°pYÒ®[¥õíîQ?ŠÇ@ Œöp§.óP[š«”Ž'ÕÚÜYyôTË`@ß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (244 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 h¡‚9••t&ÿ€ÃÕžMm%NÈBE\ñwm›³Ó™•ÇQt¼[iÿªè0Ãk±„ÏšK$îकH*Á¥[ÂÆE`ßmš¢wÇd†–\†>‹…á²Î29ÆK$ ~.ÆÎè¸nûï—õÅ=S^š9q•-“}ÉóŸ*FûÅóÕ!çÔ‹é •ÖæKÞ•KK÷ö@µÏ¾ª°„NIëÍáaïìMà$I⣆7Ûœ'yê8|àQ¨†\°ó›•YÄb‚ö?§Eå«ÞòwÍÚKEÙtíðHXF±ˆY-ðï†Q°1ß]SÞ=Vn¤Ïâ•ëë0¦ŽF^ù5…C5R¡ŽÊĪ[íÑ ´Ä}K†Ç‰Uš Y?ö"h³bQ¬[ÞŒDcû¸rˆõ4¬ ff¡±U–Ó:ƒÙ&‘ q2õçznض0S“l¥Sø´•B¬:Ó%~$*B•d“¸ žNð”ø){åq`rRˆzÅRî €s˜×byƒ]@%#°0=Z¸,ïŠt¨{|…¤áÃE+¼•—€½³&kY¯ü°Öš˜²Ézïç‰>Í*5ßëzÑHt•y§•-/oâ¾Ãý=‹*µè„¹…4ÛzEd)©

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (245 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¨‡ .ûdÐ#¦ä’pm•ajc'ù3m ¬±“ ÖãV€•`ßÛeÉ´Xf¥äºFñžÁR¤&ÖgXY «‚ŸªSVGÈÕé©ø¼r[üIú5I—Έ„¦Y³«•{"[&ÿºéç›Üö{˜!•½¼ ta<ܧs°lFÄ™™¿.v DræÊAùŠ4 ô/”•Â«#ŠŽÿÆ‘apu¬LBŠ®ÆªH²Xc³X*Ûà‹[¬he©bÔ$‹[,T¬R@±”jeEP‡UÏñÑÙ°D]ix·#qîo*%ó—·[짎ª)TŠ™'ZY5•BØ}

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (246 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

-Ó0M3@KÛ͵×zÃXd¿Ñ¾Â¤¶=ZÀ¼Ã29-33÷Ëx0)_y ¥ ib@JŽÒ*G³SL§Ð—wRTF ÞIªgY(Öˆ:>°d9–ãÜaŠE`¹mÌ䛳³lÈWË*–ª•hRžU—)a£g‡þ€¨PRWt¼Þ iY\TåP8Xv";âÞ©*v ºÈ'á‡óáÍÛk‡ƒkC¶U.ûCP-vý2?è~oaáÑ_ÊrÆ,•¼^Šù)[È}WGÝÔ¬:*?áªD‰K:ÞŠ?ÏI¬±Šu¹£Òe9'$ïî$j%Ì–QªûÚ³‘wG°²ºRqïË•Ž0ñþÝÑÚ-&Tg•ò)¢ ì× ZL«„áŸÑI8ÁH(Æ=dË4¹Â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (247 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

O†~©•yñüøh•åê_û·ƒW1,_ÆäV¤Ñ ÎG3W¯./<ú´.R•Ì¶+¡ÂžÐG©oI’pì4ÿKh<9³Ú*+A9„Y=r°N[Й‡6ñr÷¬š“è”*h±…ªj°¥hÜáï™úDKK;„dJ}4a磜…+!Pü|º_K8LÌk׊æªC¯údP\µq^H†é‹¡@–»¾Žñpx09yíÄ•>öÁÓ~A´^6Àm]•¡¿}Ó2xÎJj•íÖÈU‰

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (248 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ɦ8Í¥s®:”Xp0ôá´-‰aÏA°„^96E@›Â ms°9|û6–¶»žw-¢Áµá×»uËà¹QÛ¶æ«È•+[°žŒ†Üj•Èié`éç… ®Î [y¹Bì©õŽ0#²¨ƒŠi²³•Ù±…^"˜•—]©…ûo•ÿâÿ¦® &•ìG÷–{¯0&F–‘MÚq±¼¼@M&) ~ÆUKË,ضrë}„•ß\%P¯p2à’³gé™NÚéB€Å d4‹¥oÑl;‰éé4xtãÖ•Þb«Ñ”eÀ•‚•¤Ú†ïœŽÌ’Jåò4À3ñܼŸŽŸ$z»–¦Þi‚¾Z`“30O¬BècÑô•ÿ.U‹¥(L–:‡îú‹ç«7~|5ŒîÇ^E½>¶Ô‚@ˆ«‡lóñxôsã~ÙtKú,P›Ö&T,•'–ªb*cEù¬‚\IçŽT‰PèIaÉšÓ[®á«+“RÁ„ãº0=´ŠE

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (249 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

±ì/~+—´áµðîòyVwNAËg·B —Ïæµ$d"Ÿ FÅ_´Tá€×¢“ÆF牪þã=Â*úÚÓá)—„‹ÍñÖ¿o¾?y0ym•D†ýaoóÑÎî°ÿ[¶5ˆ°=ZD„)âbÅu›&¦=‰•šR+õU¼HPòÓ!•Êò·–$+‘$ËNT%•yX,\Ü»+®àO1•Å"

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (250 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 oXvñÃã,Ó•+’,Óm2°’…àN Ç %w]wòâÅ|Q!„½“Á"3x&øËuÒä-²#ÿ}¹ÖjºK·ð5&[€VóÍñ•É~o÷`0\nìö'‡SƒÇ“?`¢k_ž÷´··ðè©aóUš ª¹ ×µ³(¥ÁI§¤¼d!Z

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (251 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„D‹•I–îÝC"!ûò‰è™@°À¾cwȹt¦ÝvÀg}ôÛŠô „(këVÒvKV,V€«Ü´BWwªúµ Z>²Î£[yåì•é!Q1À¶0®ìŠ#yüŽ{ð/uï^ŠÑ•+òµÝ<¾¾8]ÛÛï¿ÆߧŽß¡óÕz ¢µÏ•ðà“Ï!šL¯ô@¨[*œôá˜%¦Ä²nÎ/W-‡æ•¬X*?ú6„,™mà`‘`Ñ:5(V¨‡`•ó·Ä¹bQ0,.••&mÿà -—¤ÇQ¥6nhzuÊd=`èZâ/•‘Pq.UÍÍÒÔ}¶*`ÊwWõ0ý¿FžA&ø‚ñþñ›ã©Xtp4y„dMY[Ã(nà f<ÿ÷ ¼-—e²•åA)%ªçAÑÒ Lñùº.!dORšbé+`²<å£Ìº'2é

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (252 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Oˆ—«€Ž#B!>…ôt†á*ÇûoxÁJò7•+-zóî¼½Ÿß»«Ò†éN&Íêµ@¾:c;®Yüàƒ• Ú¼nÆXz‚“B§ŸW9Oô/ž¦Yå’é‡TU¦ãÏ….ÈÂfþ¤ë¸]KÚuµiMðãÝb¤ê÷= Þ±£jÔ:ÍÕU0[7¦Žn¬Z«‡¤Yà´•¬}LósêÜ/3—%•US@œð•mdÅim¥âÏšO¨Ø$••ð)–¯®A $"¡§¶·ª²:@왨¡yslëÃ?20ÒcLšV ¼»e¨Ÿ©?ž•„•EŒ‡+Ð>¥œ×¸Âå1\ ºD°É«Š„”ŠŸÆ˜0âœ&Å·VU•Ji`¥Æ‹•>,s{»Ù=>^=œ:¼q¸ººŠ×®ƒh<ÃeDÀŠŽ®‡±0s•^¤ÂôÖûFV€•elj(°B°òé–?2„BSXû<'€½br•HLã›cc²ÃqËK¾˜"ÃI¡•+ø"¡î²Ø*•‡«Ñ;w õþþdkŠ¬V•Øh€hmb•)nÂfþø_U ÊRR%¡ÂÛ|V%^üaRU \»ðV¾Px¢JüÔ²ŽîÝÙŽC¹©pcYź“¸3R‡æ¦¥›7©°•êÝ“¶íVX(L&CY2Qê•žF•q}ƒÙ.•yü†z5C£ŒŽ®-£XC˜*¥³@FŸ«†ÙªSckà´2™íîûonL½~}} ‚âáÇ YÑåÍì5ÙC¿…û{6AÂ>ÿSuäß9§' ¢~ ,†Ž • 9t½P_‚Ö²ï0îÌÞ±«ÙÙiˆŽ{3^ĵG–•7K•çkåb•£ˆ†=Ÿ%øÊž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (253 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

0ߜЛ=å•â³Á$æ[á„É/K¨<Þ묚%¿…ÔA ÐGq¡¡´ºjfÒ/Þëb<¼>`‚&~0ˆ-?;öv{;ÃáÉV{h-?ºËB¡ˆ€Ê]eµY!4AÑbZÀ‚¬QmG…wŸ“½Gei2Œééé;Ó ˆ}0G5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (254 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 kí?~·•S38ìW§½•òÇ…ih.Ì•ê/—³•%ì|6ë!ëápÌÈ«ä—P Thæ>-Sü¿‰ò õ]•"IþÁ©Âaؙ̋÷Þ¼9þwÔ¬Cš^ßÙ•Lnõ‡»ÃWìÜ'ÜàÆëþ]íOKgà2´<+n¹œ4ÆA°F*–f±B ½UË,•®aÕ[õÖ—x|ËW•¿ûŽv¶ŠØ€ ·†5+CýHýqèšå-Ïé¬ðùaU}ô/ñ(Üä:ÏyÙÊ®)‡åQ-öQ/q—ÑŠ¥geõyIl)©•;³ñC¬Ö?ŽÀaZƒë¿éýï᥵hPëx‚kaæÓ[J¯$`Ò±ÆZ,zj“ahÍNhKÌu¾ND›•f:ívëaÖZuÀ,ULZ¯ÕÜJÝ‚P8Kû

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (255 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

íµŽLÚ«$_¤¨–®Y¼væÌ1+å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (256 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 o§UÙêÚÓŒ²RÈ3/³^ÜÜ{âa˜Œy¿qÊý.8B•7•f›DËIoüð˜ø듯§¦€¨W;àgˆ[×ÁÖPêVcA¢…³BT,C—*þ6Š«P¬P±X´ÙKßü|ÂÛ@Ò¦Õu<4¥ò¼„ÇÒáö±´8cܱÿ¿ºsanêÊòý‘-Šé„ª[¹—¯7SM§`Ê‘Z•Ã‘Ä•H¥*©Î‘F5S·Œ $?ª¬ccÉòƒ&Æv

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (257 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(¢ tÃ$íÛcò)ú®µöãìó’̳gvˆ}$Ë’|ÎOÿõßk¯½w¬RzО»‡‰k›Àr"o

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (258 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

W<ïkdÇP®þçôM×Xâ±Ji†6UŒüJ&ÕDÓ¿º~ÕÓ·SŸø}F@)Ìê‚O¢Õûþüêèôgÿ&þד?ýt°~Äë`•Úó=è&‚n•Cÿú扙™Ë"ë`îÌ(›¹R…3ï\š²™Ïß㽸«!Ÿ½ÊíµZÍm²jYÌbu°T§T"°ø„UêâÖ:†ó*Þ0èË-Ú‡rÅËT-–M3í|¨ß™¯€2ø¥§ïÊNÉTç»ò‘M;z•ŒR,›ÿâåËõÓ§•óúõ©Ýg/qñ’…)ÓG•:Eµ½~rûzÓIwi²d0t¬‹Ð)n®ä-?\ 1ÊõiwLÜžWYpí×z ®Å¸1áPFïŽCáýXy›V÷å`u¬Œ•«@¸\óïMÞÍ-YN®Áÿ1ÞpŸžô•9<ïÜ<ÑÌÑ+•¦7ÍûAé´Z=ËôÙ–ˆ‡Ð?

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (259 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

-c\¶LûíÇv‚ÚhBÜVLõVï5WåÌK’=`¯«c©Òv’ÕÊZgþëÑ‹££—G/×?•q MüðõéÓ½“¿¢ß×õ×?•ýïEøœªsj¡ÉvU°¬`½rm•âU,VþëthÊj9Ó²ê XL±J~¬Äh嬎Q¡¥p¥Åó[F•¯¤_¥ •r§\`ÉT±{·>£’}˜Ý>Âm•°ôáÅ:UÔìŸ< # ¨úuïõ‰?•\øúߊTue*©«•5¬ «¢•š«*¹õq…`¡ÅŠuڥ̹sÓýŽ1Õí‰Rù®hø^Ô1]®+iŽMùé!€Ùv)Ø1ÿ'ó$›Z½a+l¥²L1Hïm˜Õz˜ÿyû‹P-4ð/n•ŸÞßß?}ðëÞ•Õ<•ýçå3ƒS·o_¿Ú´XÁiÑjErU:X?ˆX X8jXnÏeæ¾<—)wJF·h bMã†^¬üµ.¼üå#ëhÔ#Õºâe0MΔãµ>&aïÕdÙòŸ´UnÑrò/Á§Ë(×q›¶W$Z§o•¿ÀqDè>ÿõ7•=uâ“‹/¬>y²qòÙþÞîÕ†í«õEÁa¢U9¦bÉ×<&+›/Dz¹l¶<=7}þwÚ,´XÓ®E¬‚ó¤¾Ú,%ûpœt©ª_"ï••!Myyï…úðíÝÐrõlÙ§%äÔ9WüL¸Â ë¼Xeð4•£££õ[d´>Ûÿôõ©Á‰èòÅÈÅ™Áîîë½ýgŸn4ŠdœlhHoð•Àrí\¯*t kàÝ•¦¹s¿[4¨ÆW_Cï>âÝÃÁò‡Â° •†af‹Ð(/ðÄñæå¿c{¿†••Jå%uâ`Oj«ƒj>üþÕ«W ZŸ¿8}ðÙo^ãÞÒÑ(x«Û»Ï•ìžÜß²N>Ý•heÚyò*T¬*ìß1À"ïζ…Yœyf‹ÍË¿?•ö·‹´Dɘš,XîHX÷~U5ÖrôÊ?•[Šô»³Zd³Ô™ù²gžþHx½yó¨ªì{8²¡z¥ž€Ð†ùôDUkÐúlïÓ×ÿo9rñÂ׸hénüä&ö÷Ÿ=Û?Ø¿ùÍÕ–[¨<‚5Z±e$V,÷;)MOŸ?{ö<¯Ë‡`HË*û½»C™[·d†7°{8lï•0K!;H¦è0!i¢’Y\º•ÎÎÐæ};.µR<•È©¨þjTN+å•xø—Ÿ?D¿þzùâ…œ)½6xòӓݧ{Ÿb>ëÇ•“˜çÚÛXjÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (260 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 xœ4CE*V0T|dPÖ%‚Þ•FvÚÓçΞ•3>Ú´§0¬„øÅR°ò.r44é•)–‹Ã<ø®”©^>Sø– «úwh¶÷–+ùiªúkË•‹~‚ª–U³Õ;…;;••:uê•ýyfm÷äóŸ^ï•Ü{ýü$XzÌÌ?{qúÇÿ˜µÔ¼P¸L1©’1p(X´×%!äšúå+Š…Ùèžý‡s›G”¨d2ííWþN¡„J~õX¬º(Ñò掙Ïr±e+lñË¢t®<×ò¿GptQÎc¶4¨6â#œÑríáãõ“OŸ?úõùó×'Ö6žÝ:½ÿãÉý“{ûÿÉlýÁÁ‹o·6›Ê2T¡2Œ¨DÅCÁªao¯v(ËGÁÊ÷cT£Ü™þòÏÐbႹ•Jp¶AE«î•vòq^ÁzS²TäØéfZJ·[/Sf¸þ}Æ¡/I+ÞjP>Ô

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (261 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðorfVHa"V«ý²}´þbÿ×ו¾[§†Ù•[à鿽ǧþøâÖ³•ûESŽà„Ž

˜TÉ*—Á:D^ú´‰ª•*IV–ƒÕoŸûÇ³ç¦ áIø²

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (262 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ax¹:…u9,å…Öˆî¡pSIo¥¥vÙ6lj]Góïí¶¼•Ô24Ë4‰xû¡r±Þªá$/è#ÖþåñÑé½£•£££fN_¾\¿ÅÆ¥[Í©Àé¨ÉJøÐ ‹¸ŠÅr8ÕËçÜiÛBîÝ)?:wö칂]À¢‘B߈Ž•¬€ŠÒ€¥•E>ëÍbÚtÊkÌ´SÁ¯ •n ᢬„û²•@¢ä?þ’N¦•Ï@òÎA2Õîˆm:l½i“sV£^Îþ•ýåçÇÛÛ_¼:ó²x•Ù9ê!^•DùBÂöÝiLY¡«Â5Ëã¯ÂB!ÂNGÍñý/ƒC!Y,x\û˳çŒÂ”ͱ•Pp*V9ðŒÙ1$Ë%]¾„Íz£ˆèND8—ɔդŒ-Δmz®þ‚Ês‡È}š¬´:•vMG¨¤¿iOP¡Ê2ÅG•Î¥QŠaHÊþòýãíWÔvvvÎœaCŠX-ÿí³ýÍ;[EsˆZ±ïÞPÖa-†\aŠ„5¬X±ò¹ß•7JÆ”•¡•.pi‰¹Þ¥{¸nC(Sºî”!úȲ,¿‡•3Ÿåz[šFÂ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (263 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ëM[”ø2´L/ïŸ+[¾6»Á´“•ˆlö΄ˆ)õØ#9òˆ>¹£‘‰yÓúèüÏЕñÀÿïàì|\Väà•ðïî¤f°˜cOø¸ òX¸T••Ã¥°ÂôŠ••ËÆ _~‰{÷Z•;“1Øž@™abÅ©

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (264 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

[”-`æÎЄV8aJÑ–éúÈóKÇ‚ Éòæh”ÞMÅÔç·ÙMÓfz©¸-6n ß»ËQɵŽßÔ“&vÇrMí2ÍR9Çf8üÂâ¨Z;gŽŽhÄš¼Ö‹•f!D•–܂姣’^•Kííév€hVð°<®2÷åù9Ú›Â(S³•‰û‹šJQ¯¦C¹ kl†…//b¡~↦)qÝŸpsE‡¢‚uòhL>†r5’6“G\|yaæÄë±7•f6Pf§”ÒE÷ØÂ[Úu¾À‡8ƒ§¶TÆ•›ÁÏÿ²MdQ\×õ¼×Ëõ^Á +Ä]¡^„ÂZ¿ƒ{.áŽÓ¸?y?°_X{Önme·úKIDATÎÿöÜù^ïR·×½ôÕìW÷ oXƼcá• bC+/1½"¸Üáí´ËU/•è~Áóál9úa†d%F4wA…)‘]¦Ó2`³þƒzR\e&N•zS–¤/•ù@uOÕn=AÂU{˜ÿåçímf¸\;gp»-Ÿ^)Xyñ*³P¨ŽêÔ:´ß=®$Hqu|’UË?Þùöû½W½•WçQ¯øN´w/-ß5•Y,L/ëZ¹Œî¥™W¸±IÿÁc¤c¯7çµï~™R«êë•U²“ÉêÐ×>nöà1ôþéŸz;Ûy>Š˜íç³åvG.ÎÀ*UÊ4YµŽ“¢éõCÁÒÃB¡ø#ë®ÅBœ•Üçí¸MôÙÅ¡ü×%îsøu7UM±…Úð‡¹%IÄ7hœ$®vBóLùÜ”ÜP:¶È("ôŽÚ¥D<–œ:/ÇÒœižC•*£«ÿ¼ö\ÁÕ1T

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (265 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Æ+ WX£åâqÖüƒv;³½•åìsÛЕŸç•DÖ)ÌÇh ezpIU,\s•‡<Ëp•zŒ ²<þÊñYâ|ûÌÊl£ïþ´z·Ô°p±à~ÉvQ$Z2+FOÈAã`‰Ðˇ•ä‹‡?_yPxŸ;n®œE,wgP]ê‡ Ë_Šœ`~‰PN(W‘€ Ž„Ì»{…¨ÓžÞžÞÞn·Ùæ‡}š•ªÎ‚#:$±ÿاHX)8º‚ë€UA²”Na%•+ÎTpÞÁå³ÔååL¾nÈÛŒN+Gö‘‰çj;Ìæ™{“Ç+ÛM‘guGa§\¢Å;ˆ¦w©¥ÅS{ßê7Kéã¨zïë :K²¸<ˆƒTbXY_8TŒÄ*x,¦@8½çÖ£4µ;´Ô7ôùªßerð5¶õס‹V!Åyö,1 ÉL…Àšë"XØ%”zUñ–îhVx¼T£%?„o×7Tûí¶r¯i:mOÏ^¹ËæñÒd9KNMÚöë•)œ•B}I{안„o™L—ÍSÆíý,‚âBDáUøðà°(ˆö½ ŠµÍÚcŒtž>m¡Â÷¿àf7P8#Ò•ë>Äh_T¬ÌÜ”•Šõ€6¯g/\âï`h«†ø+0ï,Gÿ½i“£‡.Éw…@nº©ÜÀcÃ2×%Òæªß’¤I•2¹â†K—‹Îƒ’¶zû|?Gþ®Ô ¨žh?_£ÁJ8…2^¦(t"Xb½á°•)±s4ÿVnCGÁUê˜åñ„fŠE›Ëq°ÀnÑ iðŽA–w+Ç+póL™ç{ËÓozÍLZ1÷âr»$KŽþ˜¦øg‹þ¤ÇZ¥¹¿ç@Ú¦“Xªü¦Òï$YbÙSr"UB¯‚éa0œ)Ö!Q«2†¾^!töpÚ<çÄpûߎX¼“u-7s˜%°p“ŠX‡õÑe%æÝÑmUX(>8£…‹ºSVê.e]ßÉ’ªo<åB9699¶ŒGj¹í

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (266 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 e oåP•V˜J»øz)+—©Rr‚%åT†Ä@¾àÕÐ ©C²*„>°³ŽNuˆ˜ÛKUÉg±¢ Vc!eñ§Áe!X`±Ü¯>B±pTZ˜yTKˆ·K®¤lñ3ø6Èâ»ÿ@fJÅ-’+Ûõ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (267 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ù6OI9r“vñãÉY¥CÔê•šÌÀ~ê$K–•‹¥pÁ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (268 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 ak8TB®|Šu`9[@±½{XF«ê€U#»•å«¯år†@pY$Y\ˆÛVXÆ•ÿ:üóÿ…Þ•QÜd½S,ôK„í:vÒÜñ„9ÿ·ax‚Š•Ýø‹œïŸ+µoì•* ¬Ö®ò$4kH•{x” åÊ q'q¾äU_˜•*n€»•Ä´8X˜o(gŒ¹6´Y™öô\¯Pw˜â™ÿ‘ƒ;

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (269 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘Õò›ø bKº‰÷ÚÜúeûî„]J+ùû!J!MžÙ›Þ½ºV½èT°`‰jQ?`Ü`…€ÕçÖ=–GªÀW§m¦.Íž/ô•hX‹ÅD6«\ÂXÆ5ß+ƒö7\/ÊßÏ0 œUåŸé•%7óÈ–²•«ŒÖˆæW¬´ó“´ç.ž65Õpø1šûÓ澕B¸Þ†‡@ö¥Ê›,¦Ïª±úåm0MS½ÞUXMo«ãÑà±j\±Ê\±(KšÁMt0íÐÞ©®,¬Œ•˜î·ð–ˆ•SZd¾wÙ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (270 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 nî¼–¸¥„COül94±[ž çÜp•}•^övS[Lj…1•æ€B•Â’˜¹B¯WÀB‡N{ºÝéôó”uçÁ•ƒ«Z¦<•Î••`y_[Ô®ªo‘Àb_êºs+ppÇß3;é)…!ïÖFšØ¾S¥ÇšJø-\œ”îŸ%>˜áQ•{+W4ôÅ/b"4•ÅU‹RXAŠ•mãÐ êS»•9xfà;´ˆ•('•‘`Ř`¡báhN…Ba™À*„‚Åß]P«'tñ÷ù°Ÿ8ÿ|þiµÞ•,–•a€°w.B¡õëR»CN›:nï?ﮑj)cʪ>|óž¾¢•zžêN'pØŽÜs0¡Œ´ùE+¬üÊY•L˜sŸÇ¦°PÇ ùˆíÂËe)Ï Á¢Ì•–i˜°T®•`u¦wz¤_•d%xÑ ”{Á£º¨Zahqªþ>’å4û£Q¥ü¡òo*÷ íC’W|Ù²¡ZÅÑ…UEDÂXÌ%H³l„P‚E=ÅlÍÉd °@°pW¹ŒQ(q‹ÕÁ-{ë/ꪻ҄6ûñ"øê6)b–5eðcõ±‰îÊ°ü‚,‰á³†Èë’ËÏv dI°*#Ø’Ëï±xº•º…ŽbÅú±˜2XHÕX"Û€`aþŠY¬Î+°Sèx,?Yâïa#

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (271 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

vïn„ç?8 *hK”ë˜çFc~•`ÅØJÈl÷˜Ó²n°b¸lYw,Ë@ôÃ,jµ¼=×»äó}V•²z=h=IË) žda¹çXÈ3B¾w²<ù_¥$FíÖëIR–@Ê•ºr•l°ñˆC‚gÚ•c•*êb)–?Ý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (272 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‹‘–®rµ¯œaS¿b¸‚mÝ‹CCT:“Á<êÝo¿½”ñV†x=á[‰F¡+l\W<ä÷8Òu,¶>€•Ö[ü’¨å_]â”4í‚¥ûaÝïØuÉ–®”îÍ‹Vd5C`¬VÙÿâ©Ê±óeÞó²h†qÅ*T‡u(† ³µn± Xî}õÕâï•û³¸äZ@§ÐÇ–ØÐV¯,Û-ÕË•B7%H§B¾¹zÚà ôóf¾ñ©ÎÛL•¹23ù¥…qM[™8Þ³X›ÑM9ÐnZÉ<«œ])þtQ‹¦T²Sº9X½ÏPÒï¯á®—ƒû†@‹ÀÒÃë®R“k»ò

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (273 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

U”e?øÕÛ•¤ÌæÚŸ±£•µU8ªV»[ßA{6—ó•“Š¥`%–Xs• Þ;íÂ¥Ù{ÝnwªÐíM!Oå>ô y¶¡Œ”ÄJ|&T±RnÔ=Ùwqš·RË“ÎÖvt,LNh¬}cšZÄ«'ñÚXñ¸€„ç kƒ½ÔBrèsñ•HrCÛHÊZYK_€wÇÓÆ&YøK¶¢ôŒË¶îPÅU©Ñv9X»üoŒLÊ]%†gÙS×´qYä.¢Œ£S›šÖ•M+ô¬÷ªâ¨W•>e¯ômÎ[ÝÀæ×çDd«ƒ0ÅRªfòýéÞâµï®Íöæ2TÀœ™+dX÷-)X¡õYl”GŒ„zl–ë›?"ª2eYjPt_2WC°®/,E4•G°ââ¢'éÀÒlμOWîI °âqõiØa.í•Æ˜v•°‹³ŸXIþ ‹~9 Ęð•2™œX•À»õ8 “_€w’Ô“pG•èoÕç5mµxUÓ欤Ž‹bXótøß Öîæ0¸DB•J¥xÖ•èMwáE•¸0Ò”ªâ*•T…ý•TøƒÆÀÚÒ´Í»ËÚ ÊŽÆµ'Õꆶ²±±1èùÁâÖ• —XD€UËöϽÚÁµ ·•·ç%6™ðD‚°!è!r¥V:„CÅø½V=tÉR·‘¶Ä²d «¨#?דVóÛ˶xc¾ßlúÞ˜¿Á”«qµi‹¶I_š€HóÆüed/],šÍ«M;2ÓW7…â%—@¬âñëš?JnàÃó´ÌÆ|Ñ2m²_-øÚjÙV±eÙðÍ´ìÍMŽ¬ˆ=y£ • v•›•ÛpgÂŽh3û •…‰ž˜Â”©·Ó–•JËÚ*œÖDáþæl•¢}…sçSÆâæ}#…ßm-fR‰êwV¢’YÜZ4¨„Q(%

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (274 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Œ«e’¤.¸ª¨6^É=Ò4£ÕVØQõ„ö,çO7ÒÒXL¦„‰gV,†;b¶_õÖï®ïl‹ä蔘b•(GJuÉ]‚.Ëán?T2rmºÏdyè ±ò•œù‰RÀjZÉËš¶fmhpΚ óxòfloGŠI{o_6A-´µˆÖŒ#Úüõ±´••ÐÆ•‰+Ú2üV¤‰`•]•;7•Â‹•Bl€TL šd/°F’ýcYr/oE´«VTÛhjKú’¶d!:Úòª51âk5t ¨³ûÌm¾.k+†>I¯5ç%ªÍoFlÃVÔ,Š`%îãâ¸2•‰ÄÂ26›JÜ•Ð=)¦X©Þ™M¥º€òà ‡¥ñÈ+ÑV+ïUÄQ¯ú'm1Z6ßÄ’‘êäimRšOȸ¢Šw&Yœ¬Š;øfÄ\´pÉ:FQéð••+K†‡EÕÜ€•ÃuÞ…P¨•AP¼mZ@ÍàjÌÐœÚÕš£¥oàê›fT[¾:Ž¬ÀC.hË&üúüÎ=Ñ EMP>ˆ-’6W´•ùíw`·ÉÃ¥A“0*^Âæ)Ö®Â/lÄá÷¯Ä›ˆyT‹®hóqôXøÀÁ®ÆÀÒVçÇ´¨5q˜oéx àð×ìBÝÕØ8ÁÇѦ|ŠÂ6ŸÐÍ1m°9¦ÝI$ VnÀÑS”²±;Q-bàü•ÅZÓ>ÙZÓVJUÞ³8¥DežÀr£„Ó, ö§J•ª+ÚÓ›ÑÁ3ßûÃlY€ÕÇh“.ÌeÚ}u²j¶•`‘cõî(Y(]¬à•À ’+ÕbÉX6(MKg ½ÁÑ êúÀR«•rK¬‰Vs…y,•¿••àÕ·u[°#˾¨}‡/MT”Ý8±Xdü%mÆŒ¯iÓì^¸²i«‰OÖ‚k;‘Z …rÀ¢W½¢]0ã3ðûáÌq8‚ë¾ö)R0É•ßÐ,ý0¡sÅÒŠ x~=Ö$ V´jÀ>cú$HdÊeA°@• nÅZX¼¿æ=•ZæR7µh= ©ym<¿ºP…/Ý{ð³PS °RSšv?×Å›]ÒWvíÊ•ê# V™À*Xeë^uŒ™÷KÞ^!.‘§h\èÝÑ,=*–Æ"°Ä”ÂÕ%³¢,è’×¢•!†º¬‘¢…ÉR•%…C£áˆDlžŒ]â˼Ǵ„JÁˆåGZÔ&óž,¢9‚ë=•ŠrƒdÁšë3ÙguÝú~™vè·‰Hø•hÑn4ZŽb1Äàq«ìUâwàõð'¦µ¦

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (275 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

âWÀ-!X`¿¨W˜Üï C¡ ˆ0°Z¬q‹åŒM°x@q-QÅš‚ŸX<±.z…OëˆSÄHÝÑ.ÖSKì(bdƵ•Bâ«Ù:(ÖÀÈÌÎfRV\Dºf¬'Nv²Ê«¤fªO˜NEJàÛµ{制Òí®hŸôݸ¤Ú`Ì;•+VSÁÊÆh¿ñ,ÀT¢Ü(‹…8Egº°ƒðC£àÈ:e§:+Ôb9qðxh9^üϵ…F‹DƯÂ]hÞ•¿Ð¶%ø("IóÖé,˜8vèZ×ñÒXñ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (276 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~TŒ/¡)D¡XØ¡Ûà`µÐc™äÁA»VÁ€ ’ðB+ÐkÃ¥Xº`ÕY7¾4—Ƀ¡GKx{…ãQÔ’ÉTBàTH=…ˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (277 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

÷˜•±Eìþ•Á]°åVÁZ† ¬-"X[Uy X•ê¿°0•ÝÍá&f«÷îÎår{š6MËaw/‹k•ôû”•Qôîl[/²XýX-‹kúÅb¬J™fR´§çXù(…Â!6khiç*ÄcùVG9&\ `LÆd(lØ-ìꂵÀÁº•`Ý`ˆ ÅZ‚_²¯ƒ'‰º+.‰LÚà†×¸LÁ³j-Ëj5›¨†3°ÌxC‡× ‚£˜¹ÚÕv“L;¯s°Z°’,k²X´ôÉí"öa–®æ±P±ºz8ùç+`Qr«•J@•J%êØýØ…Þ¡•V¹Zi•Œ#Xt΢Us[š¶£= p¿ú~Wè«ÅÊ´b-FCZ#îŽy¸¢õ’k¢º¡Ìú…8E§•)±ô(óîøRÔ+½®‹rÙдƒD+¬ÀqZeqaÞYhÜ@ƒt]€åD4,]†Â$•}ÉüFKsÀj%ãzȺÎk€`%á!—u„´

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (278 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°L©X- 'uüÛõ:˜÷ºfç¢8•Ûè±8Xõ‚+NÁéÒO%Xð\ÝBÁ0ê‰TjôlµT©¦6áýnVª¬-p8FÉVŠ)V¥š¹ö¨·…:UÍ|{§÷z…å{w§sÖ=-¯N…>¤å±©ÛÛm¯rž–a`¹6ÑÁÂœ•‹•¨.Çu

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (279 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 s¬à•<–?–U®¤` ‘-’xúê²FVj…è–œå¿,Ó)výñº/s/<õÚô&ï¢b]BÌU Ö E±À¼Ïï¶P§è,3Xñ$u–„ÇRÀ*D"ó˜w``Y…ýºê±Œ„ôXº5Qµ)ªÏ‚Ó¦´•ŸGé±tÖ ÜA¦Š}uͤfwï$Œ;w ªšqg³Rˆ¢[¿`¥f‘™Ì•GFp(Ä#R§ <ã‘1§iÏrhãwÜ›4ÖÊhY•>ï¢Õ R¬ÊÎýÊÆ âk”*\ñh‡eà‡B§àO™,¬ aæA€¤{±b¢u|²\uâNº••EÚD°àºChBUa}AˆP+ &¨S¨ÌcÁS¬ikIè›XðÈën°@€Rðè tY>וƒ"lÔ‚•a¯pÙ´V +j•{•jד– ¦Ömý¶,fÞÙ ˆ`3º›ø2•ÔW¼W¸IVU ÀÒëãÖ}ÆÔr•Žª»Úö ïW P™{€ò1Éz…àå¯a¯°â±þ0¾V©>ÕÆJÕ?¬œ¨äà¨ýÃ'ÕÜkðòÞB¿|•&÷ÙCàqs…U¦´Ò¢•‹µ)Ñ€]ÃL†Àª°@È$*„.׊%¡þ½¾M]¬‚PðŠ–Áî•Ë’`1ÅBa,•ióIäã¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (280 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ªsqé:%V´å¥•%,@p®.³W+¦CáÏ\•bZ”FÇ[`®gV1„&,ýµaáHÍí Ìû[ñM²ú X»ITÇÛ»Xk6û¤ÁáØúd•ôÞ¢w൮¥êŽÇ¢,3S¬*ÖZ³YO±DÐÁ•e`~°rþˆö ÿþÂ…ÂJâ„öÉæÞBåàfD۬ʣŽ>yÑùÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (281 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 yVšLãÏ´Œ6‡©C1͵+ŠE`QõhgRÔ+Ì`‰i94õ MV°nÉêÆP•%ñ [;$-ö•ûX̼[&eÚß+¢£• •†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (282 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°•È³“)”Ü•7¨ÈºÈŠI°h#–oàCÐX>Zf+Ù°¸˜‹÷‹—¯¼'°kÈ;ÒJDT¾Z¢öVNp:.\âȈÝlòR쯙Öd³÷Û͉+ äkN4lË,^¾r¥a³ÛMJ•ÃïQzªye³ˆÏ`]°8BHÏÓ¢çmM\¹ÜtÒü•ÆæfÓf/»¹Ù€î"&ìÆ•"½³ŠˆøðV·ýÖíFcjgÒn Ëž-Zõdë÷M“•]o5¶“xd-Þoš“³¶^Ç/p¶&‹…Ë0ÛÅIÎåÔ䤑HX“×î7§èôN-~·h£!)4¿kvéžk×qL0s¯‹¨0ûÝ"”º]ùRe£Û-¡y/õ¯MfpfN©»x·WªÆª¹RïîÝn;G`ýà•…)„,såY¬ÈI‚PÈÉ€Åò´¬«ÂÀ*‰2#ªÊ&QtYÆ¡iÓaù-ÕjÁGÕ纜¥Z½¡Ð7gÌ•Ž7•dRŒöÀ¡¸m%ã²ú ɾÒMûòåb¼•£5¦Å•/‰Ù,ÍÚ²™–OÏ’tÆ‘,|VöâôT´°jÑÜ;ÐnÓ»JRíBRGk4-ðXp¨SˆÐ“+ZM…>wØ·ÓYF‹•ñ< ï1oA%)VÊ ³£”<

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (283 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ï›JUSì;+n¨V©¨!UU¯^Rñ½Ê®0åbü›†XX•cŠEIuêòÑúÉ•RQcŽ*ËEÊqóÙ••ÒLÅ-ÄmÈ’ú2•M~á«r°FñèåuÅu…Ô>ÈUµ‚F{¢¢sÅ]éøйdZïNô5+ 6ÚôVª…=&†ÂUö $Ž+-$Ýo2 w"lSŸµßâ> ^Ó@?eù@âL^מ›ZŽX ÒÕðºËYõ¬&Y,E°~8Œ•û|gŠ~§•Aªh§ú,K[eiû¦|^p••0m”xîs_¸Â»ú:¬°¾Ê׉@°ÊÌŽ•ñ‘œ×Ùv

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (284 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

IHDRžH0<¼{gAMA±ˆ•˜ô¦PLTE/_ 6fCq)Pz2V†>b‡Mn’a~œTq¡c}®e•ŸrŠ³{•Ä„›·•¥ºŠ›Ð–¦Ôª¹Ò¯¸ïºÆ×¼ÆéÉÓÝÏ×ðÜãñâçíåêõíðøÿÿÿ¨òo@•‚îsñe¸ p]@•‚”øo´ŽN@ñe”øo•‚8•‚\•‚ùOÞ¡1^‚§•²p^uTŒã¸ïÀUxû®ÄÛp5Þ¾€àí

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (285 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸ Þ~€áí¸Þ>€âíñ¨ÛOþo¼Í#¼5ÞÆ€ÛãmÚ¢Çø>7fÄçng *E! ÍÆÛÐâE!1ÒÂoéÊ”3–hµFoáŸ^²Á»Èwt «Ë–þðkÏ3*<¸½•#÷lJ,œYi ¤ˆ•áiaôÁ±{`4†·ÊÀêªo7…ø>’4•Dh¢½Ù¥þd½ÃKD

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (286 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(m—]_U)²LÈçw•æû©.yÖ3ñ\É EîÎ?/ ‘اI¢üºùŠ8•ÄL´|%¿Ø½Ê–ð[2¢×aY5•z<ánœ·¶Î©4ehZÀ\ÌY§!šÙ”Éh0J®õ*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (287 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 xÛ€*Êû“ÈnÞgu$¶ÿ•_™v‰ûåWæ¶`kðSJ¼‡IQܺçÌÀ2,9ie1h¹×““â·r)$õöbËñðMO$Ž/ÄS1,Ý2ÓI¸M¨Û™¹]óg`ðfð Þ¾¥x¼™1<Ѷö ’ÚUÄ=B•KW:¹ai*ŒÝ•T‹Sã>•×ºJL-‘>vþŒÊ¸,•‡/{W\uiËÅxSîµ°.ˆNטðæ–ÿihÝÉ•;ã%Ïm¯šZ‚º‚«zlˆ0é•Ü]ågËZ¼G‹—v&j

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (288 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‰½ñ}¼*TNþ›ö‡Âc¦ñ’máS•ÜH×,hçC¨½ƒKõ¢G•ÆLÁYˆ(Ÿ~¾ìèµSjøßæúÜß™–‚'.M2WX \ÔŽÎÆs<¶<ºé2ÈÓÑòeŽÂ>5ìe?¼ntó 38À%u•Ÿ]%|n`éàJFä~x¾«¦÷Ü÷•äa:ÀŒ§"u•ÈºrK€qõ.•}é©Ë;¼"ANmpÎŽÔ£¥Ž•–Ë[¼"lÍýš£6_bí,•Ÿ¹Á«Ð4^ÑëΡéÀî´HíKÒ×€ø§x¦J6îÙŠi;÷gƒgå¾xä—vG`¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (289 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

KîÒ¤.¿:Ï`ºÊ|ô.r#]2¬ÜfíL•J_ÇÕb\„·“œ±‹U-UðŽþú•3FU‹• a_¼©ÉÔHÎýJ°Fño“ß8ŽÄùŒ4Åw(Þˆ•|ãÅùÆ¿±•ðÿÁ‹8ú‰í¼9|gàÅ<’§àÅŒó•„ዦïYx¾•…7ä‹…÷<¼•øNÄò

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (290 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ßŽÿ¿“ ûIEND®B`‚nð»±Ö áü#•?ãÍJÞ ÃÒÿ‰PNG

IHDR͉¸«L!gAMA±ˆ•˜ô¦PLTE!9+C2"+E67&7;?goskihn&0b-J%N!O.L)

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (291 of 1076) [12/16/1999 11:39:14 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

L1 L@[5dCR1Q2$LM)kQ T4@cU@ei?qjZœ!ª¤&!°X„Z)„c‰c•aˆkˆg%„k)Œc)•g)Œs ”p °oœ)1•)¥!)©))•d1Œg1¨X-”q1•c>ƒmA§J: s=‚mS˜mOƒnr˜mq{„Œ”{„Œ{„{{{{„•ƒ)ƒ•Œ•!„?•T•.F’9^Œ-ƒ~s•5k”7ŒŽ•{5¦}-¿œ%n{Oˆ{V—{H”{]qƒXšƒVSœV€ž\dŠ„C¨Í}„v|•’•‚t•ž}œ“žšÍÅ¿ªwÀ¾¥À·µÀɶÁ¶ÃÁÆÆ•ÎÆÊνÀ²ÎÎÁƹÎÎÈÖƵµÖÈËÎÃÃØ»Âêçï÷ÿï÷ÿ÷ÿïÿçïÿ÷ÿ÷Ösç{ï{ÿ{Ö„Þ„Þ„ÞŒç„ç”ï„÷„ÿŒïœûœïÿï!ÿ÷!ÿJÞc)çk)÷s!ïs9Ö{9ç{9ç„ÞŒ9çŒ9Ø¡1ÿk9çsJç„J÷Œ=ÖŒJÚ”Jï”9ï™TÿœcÖ¥sÖ{{ÿŒœÿ œÖ”•Û¢Î÷íTéËy㺒ëؓٵ•×³èܯñû•ÜÁÒûÇÒèðÖüè×âÿÚïÿÚùÿÖÿÿÖçµçÖÆçÖÆïÿÖççççóâçÿÞÞÿÞçáùëïÿçûïâ÷ûçÿóâÿ÷çÿÿÞÿÿç×ûúçüñÞÿÿçÿÿïóïïï÷ïóûï÷ÿ÷çï÷ïï÷çÿ÷ïû÷÷ïïÿïïÿ÷ïÿÿÿÖïÿâûÿçÿÿï÷ÿïÿÿ÷ï÷÷÷ÿ÷÷÷÷ÿÿ÷ÿ÷ÿïÿÿï÷ÿ÷ÿÿ÷÷ÿÿÿÿÿ¹h'¦ pHYsÃÃÇo¨d@IDATxœÝ]kp×y…`ŠˆF$A •‘ŽY•:q, äŽ ¥Rt4RÙr,›.±à€(-HÊb#[ú`ôçѦi2yØžIڸ͸mè6®ÓH&©*–Ä"©]•Hp8¤0VMSàŽ†wùgwvzwA‚ûpÙ^w±XÄræ;{Îwîwt>ÿÚnË*ŒD_ÿÀÀ@ÿÀéÓð0ŸÂÇ•þüŽÑÁhÿo•ýõâqî^Øvþü¯X,~þü••ÿþýk¸C@•Ž•³ÜæSø¸1é÷÷ð8bç/Š&ÎC‰Å/]z-ö¸î+kÜšš¶$“0*x#™%4 <›N•ôyÍ¥KW.±Á•ŒÇ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (292 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬Çuœ\öù}¾ý>Ÿ•_áÏá^¶‰NrñN¡Ü°,ÅŽ•C45±óßä º-mß‚÷?Òù!œµì•ºÿhÇ ·‘$%á¬~$K3KÜ‘7W^½ðj&s^{ãq¼Èûà.öèkn®¨Oà x4, ?D\â0ôû{®Ä.^¼ç™)lÏn—/ïÑAÁ¬iß×â÷sAÑtáË¢e>z¢`Rd[,þ„n•íóqhÀš‚²•ÃfÑÄrG¬ „;ĞЕµ½iÙ‡7±7¼`ÖrGŠ^ükZy“‰ÉŸÍêBÑâ¦hK•èå••)ŠzDŠ›¬ÐþŸåMqü ÅÍJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (293 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

±¼YÉè¬x>óž&ˆ®0,¨pçM1XÐó4QhŸ]OÖi"~ xDŽiö(4óFìiù>¢èiËŠ)<•|yš¸½‘ÀÉ»ñD•›¬ÎŠ"žÏæ•OÈO!-'šy#Z^XPò´lÞ¨musæÏFŒ±Âäçð4„¸‰ûž28yT(zšJ˜«Í‡”§Å„ž&3sFÑÓr M5c•ó´¸¤½QZ®*IOÃÉ_hhyš ½‘åÍ*U•Pˆˆq#kA¡‰± çiqñ•G*üˆÏD‹Aˆ#W 幼ɕ%ŠU•˜Ä¸‘°¡žC²Œñ£äiqI•¦”9*9$:)nüâ•e¾¥˜ú‚׈xš0oòš´ X~•7Š ˪f½òwiÞ€¥`)n• Ë0,¸%ì'ü[™¥+üûò*m×C\Ú„&͘ìÛrn@&^vaùÊOzb´•^€ñÏRüŠÀ£adhÖgZ±*•ó+pð™kNq×"YŒÃØ…µbX]„ð}ý•f–•ÒŠ'F–7ÒHU3Fp†”›lŒ‹üN•Þuã•U••NÌØHN0³üê¯eÍ•7R8ªU•ŒEY{à Hʇ :Â;Nµb8†ëkL••®ŽÖ AQK’Ô•›¸|Ž@ùê«IniWÍ‚¢‰ÇvìÂñO¶Õl«r~á¬a’f„î§%7ªB“ç•¢=•e¨>"p+•;q|g«k7Žïí0Y•z«¥¦NM0”šCOŒzÞ¨2#Ï%YÞð©së%âß±ÄÎ]/îpá.|gýÎ];ëÍzûÖàSk]3!£eÞø²ÞœŸÐ$¼Ik†æü—¼öBĽ㱽¦úšÖzˆæ‹õ»¬æJÜiqoÅwIxÍ95•äáhÛÞ(¤»¨‰”‚¼#åæþ"‡ijÊxëÚõÝ.|7¾Ó‰·îÞëtY7èM6Û{¥3@pí wú$•\§9eKÈiÚòš[åykª¶÷…kn˜7Õ î²ê-¶“e« «lüC3‹•!F#nDãib ü(¼ëSñ´$§!6ä:«Ä¦v›]VnubV³Ål²Øl6«s›› f¹ÑÑ”›"„&tY-@/òeZ"Àq,0Œ›¬ÎªÝN«YoÅM˜Ùi6ÛÜ•uÁ)®ÂYrjMóFÖLª:™"h

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (294 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

7IX½pQ2ô‡¿‹x1Ìdnµêqk«¹JorV™ ¤€ÃëN±`–eîg

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (295 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

I꘼¯-jœ72FÔ2F*4eOl¢ÎíLR}Á6•‘›œ[q·ÉRƒ™0‹«f7n«qB«®]dçhš\jo>Ð|Ž@ƃ â;Zʸºy‘ìÍô'\ð’Ãáˆ$ÝÇÍdȱׄ›,®*—Ù„»œxC•½Ôm·[Üî—&e§ÆãЪp$-Œ’Ï_öß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (296 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`Àƒtšâ²z–é‹„»#Iß"ú*45¬k0sÇ#6¬4PãÖaÛD’³jQóZq!BË<îkYªO@: ع†òF^Š8hz‚qX0«Ëe†5šÙ‚omˆØn]`ƒ»%ái,µÄÍÚ·7«KE‚þ–^3¤ÇX‚ë»Pý¡h´Vçˆ^'"V3li Î:Ìî ) •–V»«u%‚•À—2m=æd²’± ôŒGÃ÷¿ÀÜíÛ¥'ø¤ß•èì%ܸ¶7•Ìli ǽÜìÛtŽ—a,®G{#ðgU¡ ÎC\QÛWn¬ƒJ‹²TÄ$¼Õ%v•n·âz¼þ³µ$HÓL(lÐéJK·ú?†~{š8LåòFΙଦ7,û!ÓYn|–¡¨^z"ê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (297 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D§ÜA•ÍjÃô8îÚbµXlÇ(ú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (298 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

^ƒ•dç>îõF)•û7 ÒRÈyUˆ¥ÁË{ŸIo~º¼s’ž=Á$¯;"¸³Yõ•˜Õd5Um±ºl›#B± \j€L–•¡Ô›Ôºï)Æ ðTæÝÂ÷6ák&‘˜™î3¶ÿÇØØ©‘C)²½ËãÁ`‘¶«ÕeÞn±Z-&ÛV»Ýîù”MutXœj;t¨–ÒÈÓâ²u•2W“Y³Ä²ƒþ°`èÉT œ±ÏžY¤##ïyˆºZ[•Á[kÓï5[«ôõúÊÒê’êêÒÒëSÁs:¯öéjË•UK{kš~Ž@‘%•+Bó75qc™°Òœþ«ïyÁ=¯ƒñ»ë MDÉ`c‰ÛãÙbó˜<6»•Ä^©ÿg´6âøx~¢±òøYRâÐÅ#úA.8¹jjòû¹qÙ9–]|oè'?!&™™®®•í¡1/õÞ•¾1òe†!¨`ÃV•ÉVSR·•uTØ;˜úóïü ñ÷²ÊF«9©Ðj9DŽŸŸo'¯‚ß6‚…4sÒø¹§•<3è}{(JF§Sw˜ôTÀY‰t%¥7V—lè¾ó俽ûÝ¿x…\ÇÏßHÚ|C–ÿÍïk€dÇÆH®é„ÁÍw—7ù·•y³/Ý8ÚHÌ~ôÎð;Û]C§BCÛ±W&JŽÃž•y7Ikœ7¹à(µ>RÆà•$Ißd‰®#ŽWœ wVTt{<'ž¯tÞAú“¡íCîÃ&ˆß_yn>}£¼&!¥•gñÄÈ>G ›šÐDá½ù ÏëÌÅ>ì@óÑ@öp@×ÓG6…BG6w–UTt–U{®ª~»Ç30îÿá5¢ï¿Évcù1ù±1Ië©ñ8´øau¡µd{k)r|¼ÓX~‚í`æ$Ãl:zèÐóÆ'Ÿôû;••À±¯‡B‡}£Û¤Üý$•ÏKÀ¢þ÷òFýYötŸ¯y¹'M’7o•U•F>%¯]#îNOFÂÞòÍÆÎæÕ•aãáÃ=:)q•¦fîÞÝÜÙu,Ji•@ûöF,§Àøc†›ÌÈ›N{Nýà§ÓwÁ¿6ŽwB^v.ÜÝ>°·l®è~¦Ímo¯®%ïôFŸyæ!Ø) ¥½µâ‰Î¨ Mš'²fô@†~|ŒbÈÿåßü: ýmr²§§çdÏÉ7&‰‰ ÚØõ‡¹³†•í†7:5òö?ýšûf•DBûö&gÞ(?˾nnñ7qM,Í1õÎOW¸“T*ÜÓÓÞÝs.Ðúð[.¬½¼ÞuõAúNêÜÈ•Ôt¸wØõ·¿ê›•¾qO£Z .š#•6‘‰©•™Ë†M'¹V”}pês'_ù˜rÔ^=éyñÍ_>Ü€Âo>:Øî~îËÌœþúCå]“£Ów)êŽtäV£9¹ç²æ•÷š ÇÓ ö§ÃÆg_a§OÎÜIïà—ÞþÅÏ]•;¾÷£ïöôt÷\€š1~m_Û³,›JM%ÙÙõûÜššÐ”ÍåÍ_ÉpC•gæ͸ÓùÔSÛßy÷_93òBOOWÃ[_ú‡ŸýÝ£•ý•îîž/;:ÚnnöxXˆ{þ6Xм½‘ó À‚J•Œu.}ÿCj>uö«¾Pøá_•ùÃXß¹{C_|lÇ‹•?îò´ÍPÑ{©ïÿýÞ?ö†Âj3…k¢G¶®³ ¡ñÏ%c•ã••Û·Áoÿùû¡¾c7€¡£‘H¨±1MÃþh„ùå;ÃÄÀ"¹<£ 17Ê6 YÊÝŠ åsàÅ~Ðøâ•òò¯¶TŸ€…÷ž%Ožì¬(;ÜÜ2Ôqjrñ>7þ̯~Ъ†–~Ž@¡€QʉÐdÜÌÏ.ÄÙ©©gË(;Úf$JK‰jG¨½•ncûq"1É•lÌq+#˜Ì·yhÜ÷ÌShÊö Ÿ[›OÍL§ÓŸ‚ùÓG›CmAûCF=ÞY¶±•³»¢ýåÅŒ¶„ël´]/•;x¹»‰È‘ÎÀkžgÒP`•ánc'ðÖöÚí[<×D0ô•åµ@8Å®i- ^UhRoóÉ¿3öÜÈI.Ö¹€$ÚûØ^ƒ¡¶Ö +•¹K}¯V••Ìì2f}>GP¤Ðæ=S$ HòöWƒÎ2‰dÒ1J…£üjîŒûA¥µ§"4Ù©È•ë”xÕ*B“Ú›&k5®Ó

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (299 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

šä¦7Ú•§I¼*¡ ™QÊ›ÿSndò*Hh¨p—Îä+4IÛƒ79%•Óš3»ë¡5^Ÿ&¸âùÍ/\Ÿ‹7²k^˜ÐÌi « MÈZܬȨ¡•ˆn>•S„ÐãÆ'„#ÜWš)O‹KÇl|ŠÁç²žæ— (_¡!œ7Ydù InTƒ_Mh¨p—ΨYAN¡!Æ•@Sy6˜"°¨xšøs_“XAn¡!Æ•Dcr+È%4jy£{ÞBCŽ )rTŸ±¼‘ Jbѹ„†7ÒØmXUhÈå•Ô••˜QjÜ([q¾BC…Éú4Å„_]hˆq#n`d³ªA#âiqÉ8´(o¼äbÜÈPÈ•ä`¹¼d‹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (300 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5Ž,ŸÐâF¯ rK@•PªÓàÈAbÙhqã_ãÖôd˦ñqªH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (301 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

2EQï•y%°X¬•ÿ?¯~órüÒùo•YײÆÍç/ç•›hù+9[ØÎr?6E½¿çòå‹/Ã[ÑZûV,þyþw£Ör;Xa4Ñht`•ûŵÁB~i•?öEOƒ£¿ÙóÆ.¼·BAÀk{íµ+±óñËßÞó?)Ô’ÌØ–’IEND®B`‚nðV ×ЧÜ5ÍFè×`ð

IHDRKÈëygAMAÙ«µê”PLTEÿÿÿn¶nr¶rt¹t~±~|¾|š—o±—z‰¡r•ª{¤¢}ׂtÞˆ|•·•†»†Œ¿Œ”¾”™¿™•½•±¿±»»»ÁŸ‹Þ––Ü™™ö……û‹‹æ••ë££ö••û··‡Ã‡‹Å‹•Ä••Ê•ŸÁŸžÏž¥Ã¥£Ê£•Ã•«Î«£Ñ£®Ö®¶Ä¶²Ë²½Á½¾Í¾·Õ·»×»¿Þ¿ÃÃÃÆÍÆÏÏÏÁÓÁÅÙÅÎÕÎÉÜÉÓÓÓ×ß×ÝÝÝÃáÃÍãÍÓéÓÝïÝççççëçìììâñâìöìðøðööööûöî}}Rßÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (302 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 pHYsÿÿÿÿÿÿÿÿÊNõÛIDATxœíÝ•SÚHð˜Ýw½Þ•´´õj»ÁŠ•¥Ë‚†˜núÿÿG·ë•zsN-—Báûy3Ú‚353¼¾·Ù—Äó`Ë·ÅOú—b€•Ö%yg?¨ÆTž!ÀF“{þÄ3yžWžqo€@lr0›<Ó:¯:JÏE°±j¼•çZ©qå…ÁUŸ`c•¸ÈZœ×TÕ]Ò§OŸ>l²W¯‡•ïóVæªD…ùð·u°Áþü•vÀã©RJϪK†•¶,#o•ß¿Ú8k¥I’V¸„vË…\gÄÆÆ4ç

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (303 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

$õz=Í*+Ƹ•óÚ•øïØçÃp~f“¡ÂÂPæf¶îCE

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (304 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ž•€×®öE@Q’Ô5+«JƒSª°áFœ•Ä•/λb¨²I2kÝIx–7aƒ³&-.ú6ÔB2q³Ù•ã•••=$ƒMbmñì›^×÷%Ñ€è•ñÃdùTRÌö|ŸI7¶´òà“ç¦0l> ë‹çßöB&ºMüPø•-—ГPJb"j[•Ÿªê¼þ7SÉäç,؇Ü?ø¦0”¥7û§—išêñlµf`ó•0yÕ÷y?ââÌ~êW^i:¯ß~x÷îý‡ãÕF=Öwxß/$Šˆ½…

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (305 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

XüO<ïüñ×ÑÑÑׯ+Žz¬íà^àK“‘ðkI$jéra(=sýúÕûc[Þ}8^Å:•à{}ñ$…E>?SnDoaÅàå ¿¡UR¯'zk<<€—•²CâŒüZªTª6ŸKsùÖ#›6I•°õHÞ‘¸|Õl“´<•$ÅÍàô¬Þ_%•ð‹˜2Š¥¥v M.²Å«z ΃z?±ÉðÓë;6€i0I4Lëg5_Œ”«ódh

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (306 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

âý~b_ÖØ_€m×#ßV„¤ß¬©ÕÒ‰Õ»8ŽEpÙï÷Ó4ûÑI•5ÀËœ0F•´^•|º+×&-¼Ù¥¶N“z’êâGgŠ~·ážßrçNkÔ0™M†Å+Bq•¹j¡ªéØS¢8Kûõ„h–ë内ÉÇ6Ð÷î°•PÚ½2ÓK…!KÏäJiSÙeoF+u-…±ßú![<›h‘`Ç„l`r½¸ãæêB™)ä옅E¹t•ÕǺ ‘°cl03µ°Ç€º;ŠìGÿþTÒÓJù_u¡hJÙèŃøv]¿#ÀÏ@ÍÇ\xúè‡4]ªEÈH:Œ®Ý„Êl'

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (307 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 o·`½â¦¢¥l˜ï1Pw6lµÚƒQ<³«%XcR–¶UB.À+³ž š] ŒŸÚŸ˜($‚¤hÎlg¤/HÌÊû² 2ÌìÁ3CA¢u9?aÛΩDí+¥õUç ¦qåÁ]í¶Þ_ ZÃIh³!JõÓÅÏÅt2Óînb£óÀ]-†î1énµ€ªÛmN›DÑ…šï¥¹ùÕ4½ ¢ ÝŽµ¶¹¡f8‰Û®œ6mcDAg¤ŸnêbŠ,Ó unÿ öÙÐ!Á.ˆÃáVÌ¢an'n¯4¹iRïqѬ\Í@‡» ¼=ƒ†]ûE†ñÌ˜é £éýÀ’« ©»ÂÜ=ä‰F`¿´m‡D=SæÙÃÖ °KÌl<ìt.Ôè

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (308 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

\H²•QH²•HÛ<·DArialNew RomanQøGæ \H²•QH²•HÛ<" ·DTimesNew RomanQøGæ \H²•QH²•HÛ<¤ ¥ Z«ÿ@ @@``€€© @£nÿý?" dd@ÿÿïÿÿÿÿÿÿ @@``€€æðÞð•Ä±œ ?**)($

"0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (309 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!#%')+-/13579;=?A

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (310 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Oð°bð$ü&*¶•×‹a}cËÞÿR€F¨bð$,2TY?í–Qš žÆÚÇÿÛR€F¨bð$±Ö áü#•?ãÍJÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (311 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÃÒÿÃ-ˆF¨bð$×ЧÜ5ÍFè×`ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (312 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Information Revolution in Latin America ¡8.0Z+™þ™þ™þª. Ÿª óWŸ¨1Consumer portals in Mexico - the case

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (313 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 of Infosel¡220Z*™þ™þª2 Ÿª óŸ¨eInfosel was one of the very first Latin American online companies,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (314 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 and was well positioned to succeed¡.f]™þÌþªf Ÿ zGrupo Reforma, a leading Mexican media conglomerate established

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (315 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Informacion Selectiva or INFOSEL in 1988: Originally a provider of financial information and an electronic trading system for fixed income trading But Infosel was in the right place at the right time, and seized the opportunity Started offering internet access through an ISP, initially to clients, later to the general public Has developed services for three distinct markets From electronic exchange, to EDI and internet for companies, to internet for the public at large The portal front page was added in 1995 as the consumer internet started to take off Takes advantage of the internet access experience through serving commercial customers Takes advantage of content supplied through Grupo Reforma media properties (primarily newspapers around the country)¡llºc”UÌlºc”U̪> óGŸ œInfosel raced into pole position as Mexico s leading consumer internet

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (316 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 company¡"OG™þªO Ÿ †Dial-up internet access

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (317 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Search engine Community features - e-mail, chat-rooms, discussion forums, classifieds Content through Grupo Reforma family of newspapers 7 national and regional papers Mexico s most influential media group Grouped around traditional categories: News / Sport / Entertainment / Health Business-to-consumer e-commerce Online financial services Company store-fronts By various accounts Mexico s #1 or #2 ISP (vs. Telmex/Prodigy)¡Œ¡

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (318 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 formed a major joint venture with Telefonica Interactiva¡.O™þ:™þªO Ÿ 6The objective was to combine the

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (319 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 international content of Telefonica Interactiva with the products and services (and client base) of Infosel This was part of a wider strategy being executed by Telefonica Interactiva Build links with internet services throughout the Latin world: Ole in Spain; ZAZ in Brazil; GauchoNet and Donde in Argentina Infosel in Mexico! Network would be based on family similarities in the service, but fully local content Rather than pan-regional, it would build a multi-local confederation of services Infosel s internet business had experienced accelerating growth ...... but also accelerating losses, to compete with the new incumbents¡HØ7•Ø%•ªœ óKŸ¨UNumerous other portals

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (320 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 competed with Infosel for the Mexican consumer internet market¡.V%™þ*™þªV Ÿª óHŸ¨bPerhaps it seems

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (321 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 obvious in retrospect that Infosel would be swallowed by its larger partner . . .¡.c,™þ0™þªc Ÿª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (322 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

óL Ÿ¨YInfosel will remain as a subsidiary within the wider Terra Networks internet conglomerate¡"ZR™þªZ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (323 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ÿ \Terra Networks is aiming to develop a major portfolio of internet services and sites Internet Access via major ISPs in Mexico, Brazil, Spain, Argentina and Chile Portal sites serving each of these countries separately Local content arrangements Local branding Global technology management and development The multi-domestic approach may be the best one to combine the scale of the internet with the local demands of national populations The deep pockets of Telefonica de Espana and Terra s broad portfolio make Terra Networks a formidable competitor¡6^Üõ^Üõª/ óIŸ¨TThis story highlights some important lessons about success on the internet in

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (324 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Mexico¡UU™þªU Ÿ PThose who get there early are well placed for the future

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (325 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Especially if you can invest in many different areas without losing focus There are many many competitors emerging in the space, and a large percentage of them won t stay intact The ones that are both smart and lucky will probably go the way of Infosel There are likely to be many failed businesses The Latin internet is quickly becoming dominated by major emerging conglomerates (far faster than this happened in the US) Terra Networks / Yahoo! / StarMedia / Yupi The window of opportunity for Latin American entrepreneurs may be closing rapidly We expect business stragegies based on a multi-domestic approach to conserve cultural identities, at least to a point There will always be a local media industry (whether local TV/Radio/Newspaper) which will support local content Internet users will always demand this content which in turn will perpetuate the culture it represents¡ 9PJPhPyP{P}PvP×P9Jhy{}vת© óZŸ¨_The internet in Mexico is poised to take off, but the government

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (326 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 should work to make it happen:¡`W` ™þª` Ÿª /ðüóóóNóOóPóQóRóS óXPÿÿÿ•†(êø|ï `ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (327 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÿÿÿ–––Ì™33ÌÌÌÿ²²²`ð ÿÿÿÿÿÿÿ™ÿÿÿ3–––`ð ÿÿÌ€€™™33™3€3ÌÿÌf`ð ÿÿÿ999Ëˈ††MMMêêê`ð ÿÿÿŸŸŸÿÌfÿÌÌÀÀÀ`ð ÿÿÿ†††ËËËfÿÿ3™`ð ÿÿÿ–––3™ÿ™ÿÌÌ̲²²£>ÿý?" da1Fÿÿïÿÿÿÿÿÿ£~ÿý? " dZd´@ÿÿïÿÿÿÿÿÿ€% 2eü€%" •€ è`€" ¨0 £nÿý?" dZ(@ÿÿïÿÿÿÿÿÿ @@``€€P£R

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (328 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ü • ` 0`£p£>€£>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (329 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (330 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬ð¤ðð<ð( ð ððR² ð sð*A•ƒ¿Àÿð¬ ð# ð ð`•€4JØ•«g‚Ö³ƒ«g„Ö³…‡¿•ƒ¿Àÿ ?ð`àð€ðÃ{P ð{Ÿ¨*¡øª ¦ñàhhÐÐ88 ð% ð ð`•€ôSØ•«g‚Ö³ƒ«g„Ö³…‡¿•ƒ¿Àÿ ?ð`pð€ðà {P ð}Ÿ¨*¡úª ¦ñàhhÐÐ88 ð% ð ð`•€tLØ•«g‚Ö³ƒ«g„Ö³…‡¿•ƒ¿Àÿ ?ð`p€€ðÃ{P ð}Ÿ¨*¡Øª ¦ñàhhÐÐ88 ðÝ ð óðZ•€LØ•ø‚liƒø„li‡¿•ƒ¿Àÿ ?ð·<å¶ðÃ{P

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (331 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð;Ÿ¨Title¢ª ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (332 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ãðT€ÔLØ•ø‚liƒø„li‡¿•ƒ¿Àÿ?ðÐ+‘

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (333 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

𕟨- * -¡ ت$ ¦ñF##FFiiŒŒð% ð

ãðT•€´KØ•«g‚Ö³ƒ«g„Ö³¿•ƒ¿Àÿ ?ð ,܃ðÃ{P ð‰Ÿ¨;Body Text Second Level Third Level Fourth Level Fifth Level¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (334 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (335 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ª< ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (336 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðƒð0•“@—”Þ½h¿ÿ? ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ º$02-Shop e.g. doc.sðàñ€à ð˜@ðð0ð( ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (337 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðð ð ãðT•€4PØ•jJ‚ƒjJ„¿•ƒ¿Àÿ ?ðôÿNðà {P ð}Ÿ¨*¡ ùª ¦ñàhhÐÐ88 ð ð ãðT•€Ä¹Ç•jJ‚ƒjJ„¿•ƒ¿Àÿ ?ð’ ìðÃ{P 𕟨*¡ øª ¦ñàhhÐÐ88 ð ð óðZ•€d¹Ç•jJ‚ƒjJ„‡¿•ƒ¿Àÿ ?ðÉôÿNøðà {P ð}Ÿ¨*¡ úª ¦ñàhhÐÐ88 ð! ð óðZ•€¹Ç•jJ‚ƒjJ„‡¿•ƒ¿Àÿ ?ðÉ’ ìøðÃ{P 𕟨*¡ ت ¦ñàhhÐÐ88 ðd ð cð$•‡•¿ÿ ?ð±ñ÷ S ðÃ{PðH ðƒð0•“Þ½h”2Tˆ¿ÿ? ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ÉüÌðÄPðð\ð( ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (338 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ððÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (339 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (340 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ãðT•€¤¸Ç•jJ‚ƒjJ„¿•ƒ¿Àÿ ?ðôÿNðà {P ðcŸ¨*¡Z ùª ð ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (341 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ãðT•€D¸Ç•jJ‚ƒjJ„¿•ƒ¿Àÿ ?ð’ ìðÃ{P ðeŸ¨*¡Z øª ð ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (342 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

óðZ•€ä·Ç•jJ‚ƒjJ„‡¿•ƒ¿Àÿ ?ðÉôÿNøðà {P ðcŸ¨*¡Z úª ð ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (343 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

óðZ•€„·Ç•jJ‚ƒjJ„‡¿•ƒ¿Àÿ ?ðÉ’ ìøðÃ{P ðeŸ¨*¡Z ت ðH ðƒð0•“Þ½h”2Tˆ¿ÿ? ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îgï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (344 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùä†ÐÙÚ%ëðã0ð ð{ð( ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (345 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ððº ð ðf€ÔIØ•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ððN ¸¸ðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (346 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžðpB

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (347 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÃðH…‡¿ÀËpÆÒÓÔÕÿ?ð ˆ ç ðq ð ÓðN€”PØ•ø‚liƒø„li¿•ƒ¿Àÿ?ð‚ V À•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (348 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðóŸ¨mMexico Team II

CS377c / CLAS194 Will Budreau, Bernardo Naranjo, Simon Morris, Lisa Marino

1st December 1999¡8nZNªn ¦ñF´âÎüð8ð•²

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (349 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ãðTA?•ƒ¿ÀÒÓÔÕÿ?ð•ÀŽÆ ðÁðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (350 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îDï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (351 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùä5ÀÙÚ%ÈðÀ`ð¸ðXð( ð¬w

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (352 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¸ðR² ð¸ sð*A•ƒ¿ÀÿðL ¤ðÆ ð¸ 3ðr€¶Ç•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð0 0ððÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (353 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (354 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¸ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îíï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (355 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùäz¸ýÿÿÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (356 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!"#$%&'+ýÿÿÿýÿÿÿýÿÿÿ,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~•€ÙÚ%qðipð•ðð(

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (357 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ð•ðÒ ð• #ðl€„ÀÇ•«g‚Ö³ƒ«g„Ö³…†‡ˆ‰Š‹¿¿ÿ ? ˆðx,Ü• ðÃ{P 𞦠ÀðÀ ð• #ðl€$ÀÇ•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (358 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (359 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð• óðZ€d¿Ç…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ð¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (360 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð• ð`€¿Ç‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ðh Öð 𕟨?This is a classic example of exploiting a first mover advantage¡ @Z@™þª@ ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (361 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð•ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îàï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (362 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùä}ÙÚ%dð\€ð €ðôð( ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (363 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð€ðÒ ð€ #ðl€D¾Ç•«g‚Ö³ƒ«g„Ö³…†‡ˆ‰Š‹¿¿ÿ ? ˆðJ,ÜIðÃ{P 𞦠ÀðÀ ð€ #ðl€ä´Ç•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (364 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (365 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð€ óðZ€$·Ç…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ð¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (366 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð€ ð`€„ºÇ‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ðh Öð ð†Ÿ¨6And this was just the consumer side of the business...¡ 7Z7™þª7 ðô¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (367 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð€ óðZ€äºÇ…‡¿•ƒ¿ÀÒÓÔÕÿ?ðm>

ðjŸ¨THE CONSUMER-FOCUSED SERVICES:¡Zª ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (368 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð€ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^î–ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (369 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùå"èÙÚ%ð•ð˜ðªð( ð+àw@

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (370 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð˜ðÒ ð˜ #ðl€d¶Ç•«g‚Ö³ƒ«g„Ö³…†‡ˆ‰Š‹¿¿ÿ ? ˆð¸,ܱðÃ{P

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (371 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

𞦠ÀðÀ ð˜ #ðl€Ä¼Ç•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (372 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžðÈ¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (373 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð˜ ð`€$½Ç‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ðØ Ö` ð8Ÿ ÆPartnership with a powerful competitor was Infosel s response to an increasingly competitive market¡BdZ+™þ 0™þªd ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (374 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð˜ óðZ€„½Ç…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (375 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð˜ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îøï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (376 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùÞøÙÚ%|ðt ð ðð( ð+àw@

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (377 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ðÀ ð #ðl€d¼Ç•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (378 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžðš¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (379 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ð`€d#Þ‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ð8 ÖÀ ð Ÿ ¼Each competitor had an angle , each had money, and each was chasing the same group as Infosel¡_Z_™þª_ ðÓ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (380 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÓðN€$$Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ðàа0 ðUŸ¨ StarMedia¡ Z ª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (381 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð× ð ÓðN€ä$Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð€Ð°Ð ðYŸ¨ Yahoo! Mexico¡Zª ðÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (382 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð

ÓðN€¤%Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð0а€ ðTŸ¨Yupi.com¡ Z ª ðÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (383 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÓðN€d&Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð À p ðTŸ¨El Sitio¡ Z ª ðÓ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (384 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (385 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÓðN€$'Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ðpÀ À ðUŸ¨ ehola.com¡ Z ª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (386 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÍ ð

ÓðN€„'Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ðÀ À ðOŸ¨UOL¡Zª ðÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (387 of 1076) [12/16/1999 11:39:15 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÓðN€D(Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð` °•°

ðVŸ¨ todito.com¡Zª ðÏ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (388 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÓðN€¤(Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð° °•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (389 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðQŸ¨Adnet¡Zª ðÑ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (390 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ÓðN€)Þ…‡•üþ¹¿ÀÒÓÔÕÿ?ð°•P

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (391 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðSŸ¨To2.com¡Zª ðä¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (392 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð óðZ€Ä)Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ð…¼h[ ðZŸ¨The Americans:¡Zª ðá¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (393 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð óðZ€„*Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ðÅc × › ðWŸ¨The Latins:¡Zª ðã¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (394 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð óðZ€D+Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ðeÛ ðYŸ¨ The Mexicans:¡Zª ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (395 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð óðZ€,Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (396 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^î¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (397 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ï €ùÞ dÙÚ%B

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (398 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð: °ð ˆñðÆ ð( ð+àw@ ðˆð–² ðˆ óðZA?•ƒ¿ÀÒÓÔÕÿ?ˆðD`°ððÁðv

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (399 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ˆ ÓðN…‡•¿ÀÒÓÔÕÿ?ˆð,H ðR² ðˆ sð*A•ƒ¿ÀÿðÄ ðv ð ˆ ÓðN…‡•¿ÀÒÓÔÕÿ?ˆðà ðÊ ðˆ ãðT€d,Þ…‡•¿ÀÒÓÔÕÿ?ˆðŒ<ÐD ðFŸ¡Zª ð`¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (400 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆ ðf€Ä,Þ‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ˆð–ठðÊŸ¨| . . . although Grupo Reforma made a very tidy profit - $60 million in cash and around $440 million in Terra Networks stock!¡}Z}™þª} ðô¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (401 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆ ðfZ+€„-Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ˆðƒ |PŒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (402 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð^Ÿ¨TELEFONICA DE ESPANA¡Zª ðÀ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (403 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆ #ðl€ä-Þ•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (404 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (405 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆ óðZ€¤.Þ…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ðx¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (406 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆ ðf€/Þ‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ˆð€6€„ ð⟨zThe partner turned predator: Terra Networks (previously Telefonica Interactiva) acquired 100% of Infosel in October 1999 ¡8{]ª{ ðv2

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (407 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð ˆ ÓðN…‡•¿ÀÒÓÔÕÿ?ˆð°`ð • ð–² ðˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (408 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

óðZA?•ƒ¿ÀÒÓÔÕÿ?ˆðüül ðÁðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (409 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðˆƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^î ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (410 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ ùÞV$ÙÚ%$ðÀð¨ð´ð( ð”

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (411 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¨ðÒ ð¨ #ðl€tcÞ•«g‚Ö³ƒ«g„Ö³…†‡ˆ‰Š‹¿¿ÿ ? ˆð ,Ü ðÃ{P 𞦠ÀðÀ ð¨ #ðl€ÔcÞ•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (412 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžðÒ¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (413 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¨ ð`€4dÞ‡¿•¿ÀÒÓÔÕÿ¨)¨)?¿ðØ Ö` ðBŸ ÐWhat s more, the market agrees - Terra s market value trebled to $9.7 billion on its market debut!¡BiZG™þ™þ™þªi ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (414 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¨ óðZ€ôdÞ…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (415 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¨ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îÆï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (416 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€ùÞo¨ÙÚ%JðBÐð•ðÚð( ð+àw@

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (417 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð•ðÒ ð• #ðl€fÞ•«g‚Ö³ƒ«g„Ö³…†‡ˆ‰Š‹¿¿ÿ ? ˆðÌ,ÜðÃ{P 𞦠ÀðÀ ð• #ðl€tfÞ•ø‚liƒø„li…†‡ˆ‰Š‹¿¿ÿ ?ˆð<åðÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (418 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{P ðžð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (419 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð• óðZ€4gÞ…‡¿•ƒ¿ÀÒÓÔÕÿ?ði)w ðvŸ¨PORTALS IN MEXICO - INFOSEL ¡*Zª ðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (420 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð•ƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^îï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (421 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€²ðª ð ÀðBð( ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (422 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀðÏ ðÀ ÓðN€”MØ…‡•¿ÀÒÓÔÕÿ?ðß

ðQŸ¨CAPITAL¡Zª ðl

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (423 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀ Cð€ôMØ¿ÿð<åðà {P ðžð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (424 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀ óðZ€RØ…‡¿•ƒ¿ÀÒÓÔÕÿ?ðP)î ò 𕟨%CONCLUSIONS ON THE INTERNET IN MEXICO¡*&Z%ª& ðÎ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (425 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð À ÓðN€tUØ…‡•¿ÀÒÓÔÕÿ?ðŸß ðPŸ¨PEOPLE¡Zª ð×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (426 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (427 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÓðN€TNØ…‡•¿ÀÒÓÔÕÿ?ð?•

ðYŸ¨LAWS & POLICIES¡Zª ðÖ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (428 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð À ÓðN€ÔOØ…‡•¿ÀÒÓÔÕÿ?ð• ¿ ðXŸ¨INFRASTRUCTURE¡Zª ðt¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (429 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀ ÓðN€´Q؇¿•¿ÀÒÓÔÕÿ?ð°ìñâ ðöŸ 4Position:

Good education Large supply of talent Inexpensive

Underdeveloped Some bright spots in different states NAFTA membership

NAFTA again Proximity to US Better positioned than others Interest rates discourage investment

Big gap here Some good infrastructure Lacks scale¡„Z2ZZHZZ_ZZ2Z ª ¦xðŸ¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (430 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀ ÃðH€ôPØ¿•¿ÀÒÓÔÕÿ?ð°•Ôï ð'Ÿ¨eNeeds:

Make better use of this resource Continued investment in IT for schools

Move fast to develop policies at a national level Accelerate deregulation to encourage competition Leverage NAFTA policies

Interest rates must be controlled Promote schemes to link US capital with Mexican entrepreneurs

Invest in infrastructure More JVs with big US companies¡„ZHZZ{ZZ`ZZ8Z`ªf ¦xðH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (431 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðÀƒð0•ƒ“@—”Þ½h¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðpñKH0ð(àððÀð( ðx1\›º"Œ¦kL

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (432 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ððˆ ð ÃðH¿ÀÁÄËœ1ÍÎ×ÿ ?ð´õó P ðÃ{PðH ðƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.ð”ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (433 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð”ðŽ ð” ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ð”ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.ð„ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (434 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð„ðŽ ð„ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ð„ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.@ðŒðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (435 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðŒðŽ ðŒ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ðŒƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.`ð”ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (436 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð”ðŽ ð” ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ð”ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð. ðœðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (437 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðœðŽ ðœ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ðœƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.0ð¤ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (438 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¤ðŽ ð¤ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ð¤ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñ KH6ð.Pð¬ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (439 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¬ðŽ ð¬ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´õó P ðÃ{PðH ð¬ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^ðvñKH6ð.ðð¼ðÆð( ð’“

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (440 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ð¼ðŽ ð¼ ÓðN¿ÀÁÄËœ1ÍÎ×ÿ ?ˆð´÷ó O ðÃ{PðH ð¼ƒð0•ƒ“Þ½h”2Tˆ¿ÿ ?ð ÿÿÿ‘‘‘Xü(=èßÊêì^%ö€xœì½{|éuLP¢“T»¹ÔMšÖî}{I³M›vÛ4tåFÛJMbozI·-ÓVIšD •DŽ@1E2ØÍʪ7Ñ°€0&9Ä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (441 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

9@ËK\† È•@ @äî&¡×ÞMV©ÝnÚ¦ÝÞ÷œó¾ïÌ€¤|ûþù~¿v¤CâNóà9Ï9ï9çíî=ùÆ/••ëgGŽß;âù½/žù}ŽÛ¼`£âʹ‘¿þ{_üâÅÍ°3`ø¼7àÎÏ‚}ìM°/þ¿ãÿwÇï‚}f”•Ãßã×…áù>6ö°¯ûz°oûý#O‚=ö•`ßöÍ`ßöÀÞöÁ¾ìÛÀþØ·ƒý•‚ƒ„…†‡ˆ‰Š‹Œ•Ž••‘’“”•–—˜™š›œ•žŸ ¡¢£¤¥¦§¨©ª«¬•®¯°±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉÊËÌÍÎÏÐÑÒÓÔÕÖ×ØÙÚÛÜÝÞßàáâãäåæçèéêëìíîïðñòóôõö÷øùúûüýþÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (442 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (443 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~•€•‚ƒ„…†‡ˆ‰Š‹Œ•Ž••‘’“”•–—˜™š›œ•žŸ ¡¢£¤¥¦§¨©ª«¬•®¯°±²³´µ¶·¸¹º»¼½¾¿ÀþÿÿÿÂÃÄÅÆÇÈÉþÿÿÿþÿÿÿÌÍÎÏÐÑÒþÿÿÿþÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿa°?ö>°÷ƒýQ°?öÇÁþØŸûS`•ìi°?ögÁþØŸû°¿ö•`Ï€ýE°ïûK`•ì»Áþ Ø_{쯕ýu°ïû„í‘‘q°€ýM°ó`û[`ßvì9°¿ öwÀ.‚]û»`ßö`?ö!°ƒ=öC`•ìïƒý°•öÃ`ÿì°•öOÀþ)ØØ•€ý3°•ö/À.ƒý(Ø••ý8Ø¿û °Ÿû)°+`>°I°)°•€]ûi°Ÿ»öQ°Ÿ»æ››ûW`°ŸûØ,Ø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (444 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°9úÝ?ÿ> çâûàu? ¯…ÏøÊ•o•O»ÀòÁž½óäÑwï=)}ïÈVúOÿ–ó±ïûáyÏ÷~•1êÆ+œHFá•ôÑ_ýµc#®Q'ž¿Òç}Óˆøù„¿•ÞË„óðS_õÏ• ~>þ)È{_éÏÇÇÿ,¿üAø¹?Èù>úúC_ËÏùjÿþ'À¾a•Î}î]#öçÿÿÿw£Ì••ÍÇ( Ç=Æ°•ü³•œþý?yùg>rí#?þÑ÷}è'>òÑ•¼ïû~ô'?ú‘Ÿyßw}Çw¾ïC?yù£?û3?Fîäû•ˆîf÷’£±nùŽïù•gó?ý˜Ÿ•?÷ÿËïÿ•ûû×`!°›`ƒÍƒý°Á~ì%°[`Ÿ» öoÁ> ö2Ø/€ý"Ø0 lìß•EÀ¢`wÁb`2X,–SÀ~ ì—ÁR`‹`K`*Ø2XLË€eÁr`+`«`k`:Ø:X¬VÛûØ=°Oƒ½¶ V+ƒUÀª`ØX l¬¶¶f‚5Àîƒ5Á~¬Ö{ÖÛë‚õÀöÁú`Á``‡`¯‚½ö:د‚ýدƒ•}ì 0ÞŸ{ì-°ßûM°·Á•¡ý÷`ŸûØ•û•`ï€ý6Ø•ûÏ`ÿìwÀþ+Ø•{쿃ý°ÿ ö¿Àþ7Øï‚ý}hàÕÎËæó€•û}`O€yÁ΂••½ìëÀ¾ìÀ~?Ø9°'ÁžûF°oûf°oû`ïûƒ`ß öm`•ìÛÁþ0Ø{ØûÁþ(Øûã`•ìO‚ý)°? ö4ØŸû³`•ìσ}Ø_ûN°gÀþ"Øw•ý%°¿öÝ`•ì¯‚=ö×Àþ:Ø÷€ý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (445 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°ïûØß;öA°¿ö}`ÀžûÛ`•ì"Ø%°¿öý`?öƒ`û0Øó`?ö÷Àþ>Ø?û‡`?ö•À^ûÇ`ÿ쟂M€ýØ?ûç`ÿì2Ø•‚ýØ•ƒýK°ŸûI°Ÿ»æ››ûØU°Ÿû°k`ûY°ë`~°i°°•û9°••Í‚Ý›‚ýk°ØM°•ƒ…ÁæÁþ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (446 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ø‹`?öØ-°O€Ýû·`Ÿ{ìÀ~옶öïÀ"`Q°»`10,–K‚)`¿öË`)°E°%0l, ¦•eÀ²`9°°U°50l,V+‚m€} ìاÁ^Û+••Á*`U0l¬¶ VÛÛ3Á`÷Áš`¿Ökƒ=ë€í•uÁz`û`}°‡`°°C°WÁ^{ìWÁ~ ì×ÁŽFO•·Ð~îûM°·Á•ýØ¿û<ØÀþØ•{ì·ÁþØ•û/`¿ö_ÁþØ»`ÿì•€ýO°ÿö¿Á~•6:~ôü®‘vá9„¿þXD¿Ä»ï¾ûÎ;ï¼ýöÛ¦i.--ݹsç®t:•••%Y–ïܹuófàÚµ›•ÀQ§êT*KKÏ_¼(ߺuóÚµ+/¼ðÌÓOߺvíhc#pùrgiéæåË7ovà‰—//]»vë…®]¼¸qíš|ùòÍçŸï+—/_;•þí@ààÊ•›çÏw._>€G^¼xtëæ;+KGò•·å;•kWŽV–Þ5+•ç/¾#ßzwE~·²²"ß¹¸vóÚ•À•Ëot*+ò•À•›×Þ92;wÌ•[_|çàÝ·;K·*w:·¾ø.¼ÒÍ£ÎÊ•¹´±tžðîÛ•wŽ6Ž:K¦Ü©ÜY’oV6ä·d³"¬¼}´rt°tt Ã[r/aÞ¼U Ü•—X¹X \[ \¹sí–|çòÍk/\»r-¸³´w¿p-ðÞ§Ÿ9wþòåÀ•÷>ûü{Ï_>÷ÌÅg^œ{ö…£·ßyöâÏœ•þ½ï•úÜûŸyû•woÝ‘/_¹f¼½Ré¼ÿi¸çr@®<•åæå›K/䧟½øþgÎ_¼&?}ñÊûÏ_~ï3Ï=}þŽ¼tî½ï¿|såüå[w–*7eø•6®ÝZ•§^¹¹ôþg_ÜZº%oܼ³r%pçòµ[_¸öìùçÍÎÑå+••Ê‘¼Ò9•ñ…‹/Î?•íŽ¼/q-pëʵ›Ï<{~¾¼TYÙè,•˜·î¬<ÿµ·ß~çèèmvžWV6îÜ‘¯Á߸yåʵ˗¯T*pcåΕ¥[·ä›7ïœ?•1/uNûµgžyöÖ•%xKžyæü{á¯}úY¯÷\eÔï,Á{áùËÏ>s~c¥²²´qç–¼$Ãzë sЕó¶0[’ïÈ·n¹ Ü„ŸuùÊóŸ¿yíæ³Ï<ûÌÓÏ<ýþ§ß{Š¹"/Ý‚{_¸¼±çýNàʵçÏ_¼òü•• ø«®<ýìRàæü7o=ÿô3ð÷ÐٻٹyK~þ…À3ÏÞyöüÊù‹•‹ÏWÎ_\zæÙ‘//‡Ýßû3OO5›ÍFþg›sSS3Žcª™•o6ç³ìhÎᕸM÷ÞŸùÜçàÛ\³™ Ó½ð:sp¿Ãm <ðk&“€#vêr,[ˆÅ|>_L–ØQßn¿Qç討Kフw||Ü;([m%Ñðð_ôÃñâ‹üz0jÛc.<§áe¸Œ/-•\·,Ñ•ÓWúϾ‹c‘ø}ØײœV=ë.׺{Ü[èV«Ñ¨©VznüMÝÝJ¿XÞ5}±¶•÷KŽƒý9ð¯8îÄ›Gá+ÜcìF<.>6Ÿ_‡ÿëë.þøÑÀz`=•¿ÆzÞ••€»®çáb_Œý<|¦ýÓÙMëxð¬b÷ðp•?_¬ôÚûÅÙJÍ“ì1Þ½fJÁ (*~•Pú§O92ô?wf™0œçù,œÏL¶‘HdðÄf2Ùlb3ƒ§

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (447 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„ÇÖÑÖ›¿237ÁÙÏdx—YSSÍùyø?•ÀèÐAO•¹•{Ü• ‡3€,ÀæN“㪙%deôÊ,]Wà\Åà¨ú|W’¤oïÜðÑvM¸½žÁ`P(ŠÅbŸá*.•EÀ€á†+9ökºpé\U`ˆÇ-Ù¨œaZK‹ðžØrÀŠp%Y°’e£åõxƒ³g[=U5|¦Ñ~tÆKçß=(õvMÓ1ûy×1`1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (448 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•pšžN$¦ÙU:•©` Y‚¿@JO§õޖ›ƒ©él&•(6šÍ••Ff•!gjŠ°Cd¨jg1há—L¸9EtÅ3Ogšð}ooggg^Œá•@…ØJ$‚uEªëpÒ”IIÑ4EÒñ•àø¦åd>ï$gZ^O¡ˆ¸êÊ¢e q=¬?o£¼÷Ðl\ùƒK/nVCœ—CÒ ˆÁkIàŠ¾èV,£ßo÷Šˆô3gÅrïð`=àâÔêÊ's1_$Q‹nŽÀ¡„.• ~\Ÿ?tç,zZ`•• èht$•w»A©ë*D$à$O¬5J¸< ]ö’Œ×à9îÙ⫯uÇÚšÃO°‘S”ª©(’ãMÔuú¤ú‡pš ‡ Xˆ+‚!-áçðéÀYë¶Ò¦Î@ÅîðÓÃÙŒ •æÜÞÞV£Éî™Ä¯á¬u Û´†•„+sM¤;¸ÒØÊÚAH€btE|U_‹Iõ:ù>ÂœNøÝâ:#-%]i‹åJM{°ß|•Š…à겘ZbÞ/^•Ï“ÝPpóuC!`hàþZrA\—mÿ•;qµÈÐÅÈŠý`1 …À•®ªm_ÌÍõú½·Üîü`0N àÌ]ˆF|¾ÈÝH®ˆN‰{5›¯ˆ–èÚ%"¸¸b^kÔ"Î(zÏÀº›!q$µ~u¾"ªðÁWÀ •;\ôˆutžyo·R1dI¡7Y«î÷ºeMþ´"¨V§:Bá3 ~"ýp*SW:a«®gI~;)„U˜œg‚<ß’T³¹·µ•É:‘…þlž°…î¼k˜ãk^ ‹é*à,=u ä€B~!7–

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (449 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

J±«V€.%ˆÂCÇ•ÄZ•´BìU7Æ’ùÙdN‰ÿÇ¿Yœ…º*|¼ŸU`,V/ºô]c'J²°Åàµ(n\$Hw1²²ù*¶æ“cä¶ÁùMNâÀr'‹¹–Om×N8Äb#fÆrq•ÆIÊù¨Š,vß:ÄÚ³ët¸]€»‘Ñ!48/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (450 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

á‹]&>ƒ—BçT4YVüƒ$}´àȨû¼"®z,²ynJˆ+ÎBÕtôM„8>•â¨›Ô§ƒà;)|RP—”´Ib|Ž„€b/³•ih¡‡CGˆ¸"Ñ6?æ„ë6)wìSŒ²èev怲öà@b„_%‘i$à‡qˆëè¹t"F"âÒQ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (451 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°€Ãjj/jÚŸ+ä %ë½àBÊÝÁí×?táÂ¥ñ˜¸N±®Ñψɶ\$,9´û¢EX¤®B ¯m?ˆÀjßëb,CÈqq.©¤B²¤¥FQΕòÓ=äùŽ]µ8‹#‹á•³– :±}AX•ï»ti„ËþQÆoüµ]¶;äÇ$¿|½°+kôw(€•Ú8f7‹J\h'®ô¨/ˆ`âÀ:I`à `+?a+Áœ *•ðw>U(™Ún¯µj¤5•fìFsåî 9Á©fƒÿ·ŽŽR•ù¦uÌ£@•Ï‡™†#ÈÂÙ& xFZt°ˆ@vö¶èç£ï\!°À™Çƒz§^ßT¤¸@ý•“Ì"TIŒÉDŒg#‹!Ññn0ºÂ;ŒsçÎ}ð‚7ƈ¹ÂC—»¨VvÁ—

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (452 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

šbä¾P\g¢Ý–XHX¶t•ÉæX€»Ÿñà-Ú½ØëïúÌ„VoÀ1'ÄÆŒj"öC'Å"•ôŒ¹²Gz#™Ñ!ð8Fø©,Êt‰/ì¸oÚ•¾®Ï&‹=C–5•ãJÃüøȬ!Þà!X£¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (453 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¡J'=!¡• Ðvè¤í{g‹Åd2YU\*…$Ä^…û$¯ rÌ46[G‰FXŠPÅC°u´èÖÌýáçÈ›’cĸpg¼*e0\ȤêuàMÆZÛŠ“ylüé‘Þ•@#'‰tFôÃßóÑlÄZ›¿5î݇¨àÉqV[««¹ÕÕF‚Ü.YdEW9¨8c‰˜pÑö„Œ²Lµ\x¼ëü„•»ÖÝn„•kbÝ•÷»j$~·7Î8•áÂ:㶼"&±² ‚´,¸]rÂC`Í’j#,Tt¯³'YI þ¾ðÐ.âªÙR®]•¥eq®Zà“»üƒÂÕtÊ•ž8Îü–€ÂŒÆø=)ÝÜ•öû½òêj·è̓l)• „9•gP(Þ¾M¾,›ÒSY bïh«ZŠ!Šäÿ8°æÃ(´àBQu•¦)²sq±‹;{®¤)¨×¤Õ¶¤onkÃ^Òdm!&¥å•ü÷n\?Q•Z“Ø#è¦WúŠ¾ñ“&{ôB’b‚ÌŠ‹dû.r BZ±[8ªª„+Ò2ÍÝ^Ñ“Ï{eµÝîwÏ‚Ž÷b`'â˜oÁ¬¸F]éL•9-áϘ°ðã÷ˆÄ–å9/1ϘÏ_ÏÛÂŒË2›§F¨ñk¢Œži¢6tàJQ‹åªÌ>¸ÇéŠiwæÙÐŽ„ª°³„¤Þ($ggóì¸~½5ª¹V©Tjž¤g0HÎÜ~óöý™©f&ØIp•ú¤ëóB²ãWüò|ÏLÕTY¬¢'Û²D+[Y™:AÍü¹OTkÚ¶ahvLB$¸%•sœÓ‘›VÐÁXKA•J&ÆõºÄ¸®þ•K—.ô¤¸p†ør¹0³ryNXÙ¸âA!âÊ‚ü~ÆØÁ™žaT•vï°;ö–—ŸÎü*‰{£ë®Òea‹ß øH(u†&ç=ˆ —Ål"²¤Økñ0‘ƒÔVa6–¤PX®JQ_Ì$X) ×íJHKË!”ðÿ®ü®Ns‚ˆ(øÇpñ^Ưì–Kèûàçו¦1[¤¥kÆ~·•ôÌzÐÞpÜŸÁ€;#Ë¥reFYê @…þA•É„È`€¬Ï¡RΣÄDÆÊŒ2Ã×b)Ò”ž6ªæϵ>¬jiñ—é““¤ªHh’nåÎZ¿TÎE#²”Þ•TªiMâ‚“°…ï õªO’Ž•íëߌ'ÃŒÃ+Æu‘Ø|Xr]äAxKÖ.éã–À 9p%§{•¶aìöÚø÷Ö¸8•ù¢ê3}>Óè#£Y§ù’ã”;XÆŠßFD"Ëá]<ï%d™õR—œ¯Ásöøò|ó…•õROõ¦Ò£) é‹b V’ÄÇÚ/Ò_JZ1¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (454 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

[ߘº’P¡«ê®Ó$̪’ìJÕ«-À8Â$uo"e 8qGÆÓæ Îã‚Žðƒ˜"›%NõL€5ô47ƒªŸE‡Ç„d#ÀRLxû7•³X^ˆFA4ÖÁÿãÉshJ½Z¯•¼± ŸLNËk²Ä©L×"£#Š×w×剕“õ¶÷Ò%5Ž°ú”'?ë›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (455 of 1076) [12/16/1999 11:39:16 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

—êKDx6®D h×bü˜¾²qÅÑå‹ÄÀ%fÍxtv‚S„ËåÎÆTY1ŸZ.æ]£–o²ü?ÿŽâÊë—8j³”¸>:j3Ô%þP뇟r¬—UÕLË阦ÈTüS‚_0ØÖ…àŠ]àjú1 âtE†3<`)Ÿ<)“᪫º

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (456 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ºŽÁ€D7QÖ\“;/Ö¼ˆYÆ“¢”AÇu¡,®ÛìdÙ¢ Ò÷…â;á3ÛàkG˜ M¡p¯kFm[Ù†CÓð€¯àc4yÕ§ÄE"¬W»ÅB±„¨QÙŒN´ÐŸêÝ눡ëíE¢.]«öÊ••Vè•ÂEžÃŠ/òlÇp*ËáÁµ¤«¸Hhk!—·»c©.xCá”Fë€ü¶KVj•#Ç‘{µ½žMq£NTY×-H±,êúúÄú•Ü€«ôÊÉ5™QÿpHö_¤Û1•+_azÁ?mglÑvøCº–f7Œƒ¥V鶊EŒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (457 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

S°nSkj®9gS¥Û³L¶sõnözasÎ bvêÁâ, · 0KbÕëà á»F_”ºšIóÅèLNmÖÆúã,9;(v}$¬€Þ–WWrfE•I¤Ü?§Æ«ÊÀd¦LYÖj®TJæדm•Vi•šË…Àèè*{kE€y4òT–8'ãB°ŒòÀíÄ•»•ÉX±Ê®´ìªY39$9ǧ!k•F@Éâ8úF-LYÐrM¸ó¸ð³žo•‹*êºb9–¿á°Ž•A

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (458 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

@¢ËÁã¸â`â—3XÓäû(ç@‹<©zÚ¬=4Úån·‹ÐÂÔæm\H&`exÝ•:7YV´ÉêDTØ<†-LØÃî;Ò Ü%:˜‹8«™¥,-JuYˆ/\•êÐ’\#õŽyR<ëOœÉCg'àòtM|w$MÑr¥U±¡×¾öÄS.]zk¨*¨ó†ƒ1µè•p—w£±¸–+äs¨1ˆ£ÐU><,/,"šeIw…•eãÊ/S-ÀYŸà*•d¸"[™X·œÅý£"•:j{6O•RÁZ¯vq¡4j'ìô—Pm<7‹‰y/Ðy¨jJýhΧ0h³.‹•Pu:q5,©è¿•ºõYQGj4ÌI‹+w’Ci(µñZB1Œt½¾ý°º¯–[«½]ÁVôu¦‘p

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (459 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 kŽ'¯æ³Ù¦•r•ñ”;-ꀴj2šrK”вpÕÌfHl[™wDV0•Ò%E§.È,ßn¿o•ÅUü=‡÷ÐÈÓª«¥U|¬T•âÜ…søÀ•œkooÿÚ×=zôŸ2jšö°j¦5åÁ˜{tÔ[E¥kr}&2“TéF´®«¨é÷¢„+V‹b•ÐJ8dñT)»½Ö¯ÀŽ{¬""zŒÕr©@ù.ËŸYRˆý‚®,²6ìø¬„%íG]¶•w¡çs³²×:âªÐŠªi‚*u‰'›Ùj†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (460 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

êS¸Š¹>ü4|ÁéS– E‚Á¡Ü3âDX8TÒJ'Ü5_U+¦ÒÁÔæíÛo2G°h`T8ÅÜú1ÎRv.ËZ|¦ì( (Rív• g,;Ÿeñà þ<ÆY´ìLðer\îI$‚AI‰Å¤`ÝØ•½}Â+§aÕL£ë-Ðêq=m¦¯Æd\Q¬•]ºpáÂøáá£GO>w••‚‰³ã¸f;;˜•-¼gªŠ½ÈL&ùbñtïÕ'^=çr•EnTI‹ÎühȆ•Ó#-è¯ç¯çóyÄõ6®ð‹¯ÒÚr9T˜•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (461 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

GˆèDdiùQçe;IÅSöV:^•@i@™)å$ü+–V#©•à)DTœ—Ž8P5LVLU!kåcÉ+¿Yèé‚ß"4‘-Ïøƒ©ˆ®Ž¢aTïÏ„o[¸Ä9õ¸nÈ⫃óLc½ÄrÂXð`Ì•ÎÙ”…ëÕ͹–?§x„E%©„U¡•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (462 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

\•cŒÉº²1®r»¨\|é•ØaЊÊ<7/ÑJõo<‡¸j>uî9¸Äcv·§Pëï›±Zß3ž”w}Q°Vê¤ýÁئ6[2W@fŒ³$æ‡Öq¡•ŽÞ¸‘S×ÔÞ¯×SŠ0?h•+fVÛ}À–ËíÅ2Ð?x°¿ˆËz+Kå\FZP´06j}ª‡"ÑVw¬Ûë÷Õ~¿•–˽\ÔT˜T·DË®ëBUžÎV–ǬÃãÂCYwú:2Ó´"ŒE6aÎTBbÏ!²ö¶¶M•æ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (463 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²,gÈ(Ë*phbžÁÁX͹“N‘~D#”ÈÏé(ÑýTž•I0cRYÅéó=áø€²ô¾¡ƒ•¨](IÛ¯žõ¾5vxøäsÏ}ðƒ&`á:•Io[QÌ®bÃ@ÑDF t$¥Rôº½O½…uN…ƒUä¿ Vâ2+e"K'\aÙŒå C²¯ó‰j1YˆÊZ¯P\³PÅp‰‡‡ƒ üõÙŸ‚•‹ã–‡<¥ÖeÔ‰,•YÞ£?öqs»ÜgŸ:<ìöÛû»¾:@r'¨•0e¨DòX1¤Xj‹-µ•`mOŒâ} á•+#.RRt SLeÝ`e²'sSYCÀbQ0V6<•¥2M‹´Ä§Æâ”ÅØaROaêÝ SóŒÉ‚“ ƒïĺ{â’SÿâÛ‹ßó…Òêš-µ§Vv«ý3è/\àŽE>®{Û¼VÌ»×GÞ^3ÎÈDšzàA¯”oùä4U¯¦+åhLyQûk(äÔYT‰Œ~…oªg}6*;Óc·_,xÜb•KbóãB1ºNC–ƒ¦Yñœ;]

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (464 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

à%Å•®üÙ‰ÑA·}è:0Œ‡5ÃDNU!V¨ÇEÝȉûô®bœ¥Á'θò9Ý!°Ø= ‹Àwd2o‚ÿÃÈ•5‡yZ›ÁUcŽ¬9V6:OÜd£*ÌXLà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (465 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ÿ×ÈX$Ç™Š]˜²¢DB.0Vœ³s'ÈgåïâÀºC]Šw>}>’¼z›g•émvòÉÒê.á Ó©Š’†ËõוH±#`¤à‡;•ÝC£ëň_Â%¥WÜ•@ = ¥¬œÑ˜(h- Ú²EÖ¸d»Š†9?Å,]Ïçìո؇–Y•F#•¢Û±¶311,µD²ó1Èb©{Š…Ù`¢*•™ÇGÞ‘ÑÁþ{\#ƒ¾Q3y(”B’®;È*xz‚•I¥¡¨Ðvƒ›8

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (466 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 b=´påO0&NÀ*3Œ*Ðbo¾ÉÖ•í¥‘a>»eņs\½‡3Yªlø%„™åI’e³¬šXsâ¢X1Ä •*f•žÐfÌZÀòƒ|—âÛ=¯›WÓ¹xqï(ÇÕ••hŒ•I(•²jjšñèÜ…C¸šÀJð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (467 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

:ëë•QפÈÀíZ/¨šqxæ ”ë•s&ã%ŠþÐZEîVêÝb,‰qÕñd– ¤H¤»iK,AY&¸§X¥àªŠþœ Ä•æžVv–‹çí‘£àqã"¯ç ÕíÃQõVŒ•¸ó]pƒiÅVÜ òÂýÔQÆS"zÉ¡ÔŸ‡Ob`ÕªQöSnÝtRÃÑ4Ïj‰ï¸•«8·gæig)eNø±½£Dfž••û½L–Š°æmÞB¦j4°ò˜åé-µoÃÊ©áX$°è¯N4¨¢4ÅÒZ)¬ó³õ?ý!k~É—Vt•ÞÃzu¥m÷¼œÇ¥ão••9ËüÍD&¯{|Ðzíµ³ðìõA>„¥HÈ*<&1çp¢«özŽdÕP2køHïª m´´iTr+j$\á×…X¥U(n–r¬åõŒ»lçÐî"+/Š¾°Ü+°>[<ÓíözýW™œ2v=ŶöÔ|ЪµZZv•âJ×y4ׇ©ê¸jgÎï„ZO|zbd$•_Õ§ùƒØš uX°0ËÆ’“¯ÂažkŸ"7…6Y^òÂsó”ud²¶d7îì½±³ÓØÛkP²ŸI>•asjH»7©•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (468 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•¯á.”UŸó,8‡™Õœ>ðXîý¼–×brHÛU+–x?¦à|Ÿ¡=VÅfȽãV*ÔYm%.\€&ÏÀ3ë™M–zôµ+Õ'öQM=¬Õ•ªö„kÝ3è×j¦9üÙõ‘ÇjCO¬2§&ÿtÝð”¢1¶ØC_®üT½Ž•£Áà1(9Žlö6ï×ÂBªy ZÐ#™EM{ *¶š•—ÌÌg_°8Rùr&‘"ÎÚi•Ócu¨øºS‚¿X\@„•bÁ/•`ÀÛÈf3–3$Î v° A7J¯[ KdÝÉR+ÇßÈtÕ¨tÏŽ®XFX•_àŸû@€=móöã^Jƒ Æ°±*c¤EIDƒV‹ù@g"‹ájˆ¹Pe…bkÑV2YÊ-Ë/S-敨&&ì´Ö¨ý©ánÞ°2 W¾¼»»¬ª»UÃh÷úíÊ~õuïh@UÓÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (469 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

<ÞÕdÖÉQñÕïO×{i‰eºXÊ+È–˜1⛦:ˆÔct;FqóósV_ ²#,bÈd§¸Æ<Ÿµè WvèÂK¬kžTÓN†À•i¤‚Ù9ª¾ÂŠ÷¹cy»x†tâäøã”k RšDʡ߃Š/ÀÒÔx1¦GÄÙX÷VwÓ앬F{ããÞñçXž»paÂ{vüƒÏažÞ•í›¬ßsÁ9^,b‡g ßÂâI’¤¡•xˆ‰)k ‡)vë¿Sµ‹<é1•‹DîÞõÅ·pLÑ·°år±x•wYJKÀ+°Nl@˜‘÷$ÅV›Šóbé4ÀJ•Âa<5’ÂLÕøñ@ÓWøQa¥Üû‡Ê¢C°Ÿ€•ƒ·X³¯¥³YáÑÁô&>8…½‚Vµóy†a½&O§*Q¬···ÃSëYÊ]q••åE3pÓNf‹œÖüüü¼cQ‡®aáñkmIž™›Ë$´4ÃsS¶pg‰øf†þ6•ê••±¨;«ixlˆïÐäB$ÒuÅìA¨NŠ5ïæ‰æÙÖ²L½KRºr04>>þá×ñƒ^åÁ¯¾þ•ú‘³gßëäù™s{ÇÝ£.O«Ü:ð€”CSd_e±µAD@L

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (470 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•\•æò=tŠ?´nw†1‡†§”VåÐÃW–1i ”¼T“#—ÛsÐÅnj¤,Õv¿]5ªFípÄÕòª°À¼àM¤Aƒ¯•¬ÇDe$½ËŽ%AÆ;q••¢…Wœæò}šG„–Û£gU“iö 0G•S©Ö¬9NPs§*oìíí½ÁÕ6/ñÃf/@Â}ÌÀgñUA%X(«vÀÒ1•ÆÚkì8ÓVYM˲hÞ5‹V6Ë¡•"\éº$/`©.iF›©Øáv¯ƒr/Ç”ZkÜ=>>ñ°•{0öÚë_÷è|âÁ‰üAkl•_çÉé¼Ù Ø:”¢j,d1ü™.P‚Áº}Q-IôÕ‡$žsw°Öã¢Ã“Læ8vË&à•Ê~¡GÑÃ~a¬›gNÔ(›rm¿•ö+ÕJÕxØr•¬S€©VÒf-•1\ÅŽŽå¸]Œ«aÆ1AŽ‚#ÉŽ¹Êr\êÓ³EE”èVûƒr0“êàˆêM•¦UŽ-TG{[;"•9sŸšäoߧÕB^¤p{ne–Ⱥó’ª&[„nbcêö:sdeÂÈI™ÌÉÅJ‘5©89ŒóÎ/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (471 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Päçm†ÖÇJ¬E”¥ÅX‘c\2£•brk©\É•‡€¢ÀexÆÁNxÎŽ_ÂÜ(Š«••«½r•W´Ù•fË•b)ñÅN¨v;äWèrø@V•,ð%‹¼EX_ºÔVÑ+ÒWÄ]«5Ÿiú–Õr©T,õ"¬:ÝÜ÷À¶û½v[żzh‹pÀzh¼öê«íŠA®•©M=®F wÅúיּ""ŠóÄÃpZA(wªða‰úõ¢d‰ø,^Ü•1’]=T$½^‰š 挜¬E¤Å•á<ž{Äïef% (³RV8( gÂY+zDé&Æ¢¼—]}j¥Py±oÙl"Î 8X±u*ÁzydC°–"_åÈÂ˾]5×+—[¥b1géTM-aˆg¼ás”g?{€}øª]#©Œk‹ù–º•Õƒ;"<1âPÒ™xç·ÁÿEÑE(9¼ PYÜûÙ˜‹ÒŠ¼ñ• (æ´åƒ_+°Ž£<,“µ>îiQõ0¨{9@zBÙ;Ò®ôèè«ÀWÕýýªÁ•×ÎÜ Ã¼žB×д´Ä2VzDee?ñ¡,c¯ýC™k•Ïï·`tºNL•j-ÍF•¢éLdÁ•”¶‹” ÔCÝÕêŠN:>+Ô×Ò(³0pCUnS}ÕÌ|‡0/C¥íY>°Û'ÂBÌ“vŸšÂ1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (472 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 a1g¤)i€“ëøñì(„„:_i×ÉéS—¡ÀUFdH&59†ô"z‘áÔ*T³ÌäÕB*ËO±U€¼BTM´5Lsâ 5«»j˃N'•/ÇF·´úrL Y¨‚ÛÀÙòëøMT`áERóÎŒ»Äeû±,)þVéjn¥Uö9ÖŸ‡¹j˜³ª¹Õr.ª®õË-¬år»½ÅòZdÈa§ \h!¬ú}@Õ>ÀZâ¥ý×Ϻ]¬‘±[ÛÖ¶§ZEÝê^²EV<ø¢C°sXÙ¹P^ÒÀêãè+•P*H•ò£·«©&%ßÃXú‹'®£U ÍT

ÎI'!”;ƒ•ö ‘Tœ7G•¨<¿IåÈs3Ôɵ—ByÖØJ4˜| •y3Ê PÇU¿ã•VmƒÈ8©)Òb–Ââ©P,à@9©H)NXŽ¼¡¶à‹)’è[uÆo–Š©=Õèy'xZôìao΃ªªÕJ¯œ[&Ê SZ3€ûäHt-ÆA/"G_Žª¸Nçé+F[$Þ‡‚A94tX*$+²’Þ])º…²XÚ9†.G}–#«ÅS[j¯Üí–sjÄW]óY Â#mšûí>@©ºßëU@¿Ãè"ŒŽQÅo«]£9*’£ ‘)>œdð¡j(q%2Šf(ø8IaJTתm5Úëí*tkp{°´ ·ö{•´¦lv:Ž¬/}á •š Ü•xææÉâ(¢9ªÜCÊjÎm%ÂÙÆѯw²HNsDX/!®¦fø" :Å,+¬G¹D#µæ²8\‹xÊ^ÐaÉQ¿‡3ð.-¢t0áQ¬êXª•§xQ?VÄ`æšÑ¶p51AÏÀacgƒbYU» ‡QÔpýGŽ¼¢¹+S>|”]Ób¡à"Ë8 ´"}%4–Ä ¥ÞáÖ;ɲf®¬¬äÊ%BD:†žìËë,Ž,ò}>(*Ùˆø¤ø³•ÚþáöŒ¼Þ3½×^{õ5@h*žr7>¬‘¸ÒE"”ÁŠw*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (473 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 iv6æéE' Že±¦ï•»Fví¾T𕥩R1Y\ÉäSõJ©T®é›Z¥ÜßÅ¡G œ• Y&”z·öšÔeJ£Ò0*dþWoðËÜÎQ Hnëוæ¦p.È”ˆ§·í€zÂò™p† ŒÀEÊ°µ*¸³…Ù„½VêŽÞà³y;T±/GÒ'e©^ß„èBßÄÔ(%ð`St¸‹ N$—Äê•™‹VÎ\ñÕ•uoáà,ˆ.×ÔÞZÞ"+$ûTˆÁRY|ÐQ ï†y›ª"†Œ¥„¨AOÖÒ& BŽ•*Ò–sÀŒ§+vºlÇ—lǤ¤Õƒ|€Bœóz½ƒƒV·÷¯¶©4† uoû•‘æ%|Ž:+k?¶œý$i•=˜•X’_åT«€”Å6Aì?M–«J¼¶+•bwWélš»»6‚ŠÞhWa†«ã•,‰,,¶„Œys¸9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (474 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•!ȃçlýz‚*÷¦šN\Q•*ªõ°hâÈ>ÜJav=ˆø¥2™ Ï7Y×ë¬Y2ĦÉP?E]C—-ûbš2‰Š•µË<–±dÃL÷Ç©LÆ.”YÏŸ‡3R\ÍõPÅ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (475 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÒZ)¯i³W*•ÆP1)¢¶ÄŠ)3ºH¼%‚ÄEKÇ£¾Rìh‘¥BØl ¼?¦ª&PÑ0ŽØå˜uùT\wŸŠ¿*fX<^ï8¢kP88óÔØØ«¦moßÓjU#ÄzMÙü‡®Šã8'Ž,¼î•Ñÿâ‹C„ÓÖ8:ƒ‘WßœîhÁ:ŽHzX3óõëë×* *œ jF·PÈ¥; •Œ´d¥ V6ia~žŠd¸xßÙÛÚ™¡VBj&_HÀº?35Ÿið ,oÏ4ÉAŠBôvs3Ÿû,¯Žô%¦¬° ~kô¤Óä(ô‡™•-Üà#•êc1‘„•1TÝßꓘIW´tZ“Ó.ÞÙ_Ô%»£Á/<¥š)§û”—ç£8ÊñÖàà`•O–J7@Ø°d·XjåÔÝH¢,ÒP¬Š“‡Ñ¢¨]tæÛ‡åUHQ8Ž§²XBó±tåD’uÙ’U2õ)ãK i²i•Ö"?6Çðà•§A`hØ,gVcÖ*³ŠºvV‰¬SÔËY‹þŸÆ`5·ËåIƦï¹bS“üúõYO~6™,ªP‡mýV«•áó;pº¦†`!Bã>ï%•knqmmíͱUÁYsl¸GÛyĺ3ØÔ[Ì 3åŽM9ŸýÜ}^¿•ÍLcYU&ƒ¿.xØ DÅZLX¥Øþj>cê¼Ë¹^¯c2¤.+Rh2•[[ÞØP«¦+ìf€·nñ8´ˆtðÈjëÀ랸$z‡'¨º2ïñä“I@ÓÁøz>Yà©iõ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (476 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÓPW£$«†N¬•¥ß•ÃPµ;GBÁÖôDcÇ@tšC´€d]a!£ó±

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (477 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ã,õÀ§«¶û½Þ£Gc‡•Ú˜mxøàâªf¤C|èíqk•—D±sŒ>ž–Käi-‹³ˆ±‚Ûg¼žë¹à+î‘Bòúu€@ªØZ••¡Oò‡U)½ÖÎEÍŽ•:•2Ñ$:RO,ÎÓŠK´?•••ÏÎxàJ2%¢²„ÀŠ±lAÌ#PÁ(& äCMþYæ:w讌 W–:Èb6Í/K~Z€$7ˆí8øGÖ%¶ºP¯okXª§ié«Ê'ÊË>xób¡EáÅÐQ‚îD—>jq€~Ï;ðxóÞñqšÌ‘/”@$´J…q–vwç½4še¶°ºë³€%‰œ»•åÐò}щ+\,•e•‘††VyNc,‹ÌŠ•ö•t[,•‡VK?0*TÑPá9¬h«mM«ÕÒØîaû?“D„oÕju¹²¼"qÅKH©i’§Û•aP)—Š¹à¦kÄ›¼^hõÚªº‹à¶ÄPà@:x%!*F§Ã'qE,Î °2±¨œiR‰hcëóo 7ƒè°™Ie¨^¡IJ›a`z ¨»™ð /¡^bmÏ$ôw(O1—å•Ž4•‹Áý }A¥0¯žª+¬5GO+qŠRX"XוtÍØ8S¾×Ù¸HÉj¾bc:tÇD!1µ‘N¥b®••J•ÖAaà™˜p•{ó…V.Wna&ËŸ¼Þ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (478 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

×8Vk<•òJ”§Îy†Š\ž3\dü:å°9‹'FcÉ,‹ñøÜ»s:¼“ ÇðGáh¿Òî#°Ú<5úðÞ+÷î•À¢ö^ÒSTÅ áÒ—²•6*½r¯W†0µ]Æ…•‰ ‡Ú•íÓÓŠ,••™Aÿ؈Ës½a›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (479 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

] S

3ÙT¦™•CÔ•:ê€Ì6¶Ž¨Òe©)c•¹ãÑéOƒ²°²¡AŽ%¼•ã¦Ìðì‰Dø)ˆðàÂ]³(èë6ëÓø?Au‰©INÒ“µ•§ÎäP\a

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (480 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 hÍÓs'¸Š3–ÅY9¥¢ÇƒMÞÒj¹¼²ºÚj“€Ú×Ox¨zïwm½Ä]Ÿ$æ„Cü§ ûÀÓ@þˆènìˬçÈ_V„Í +•O«årdJUÌ^1`²j¯üÚ•ž•VãAå`|ˆ:•Á;ª+7VÊ]\j•sj·¥îÈ{ø†Êðzv-'Q2¾µ°Æ …Ê®Lö;gDÚX²êSøOÌñëtPL5™ÄäË/o¿ýù•£•ÆÞÖ¡dH*+¦jÏñùÆ™,‹ú¤´ØZcóòs]¸P³Ã|˜$V•fUƒW_~YÆ%à¤O«}uƒ=eRÖ%+½B)+„Uß/[XYb‡ž‡DÝsF’uâeßnnG:¸•–¼Ir€8âÁ³>[(€Ì²zIqí$Yl•ò$–ÄJ%îï˜vç±`ÈY+#;•tW€—È‚|Œ¬NbÈYJsì^Êc(®M‚IWw«¦†tÿŒj¥¿/aíÞÁ8B

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (481 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

üÕãÁG#-š4•ÔVfµ\êv‘¦“¥ÖJ¹¼^R!NËè ã–¬²¥é¹§žOÞX•±;ƒ’ß1I•#jVXïî,m ²L7ø@Íí™D¢™¹z×|ë(±‡ÇÜí¾MÀšc•M–{Âå;畵y,ÑæÅõMkäúA? p«²€[¯•¤Õ¿êò§Œ„Àpøi¥a “¡šfÆìèæ[…˜ö•'ÔÙCç7

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (482 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µr£˜$±Q³t<Á ™7J6ÓØêuå7Ê¡»Y( \1(!Î¥ãÒjØÊ–+†ËWTì0+†V©—d¾”æÁPoHˆ'€ÓVÅСm¸l›&é&¦_é*20’

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (483 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!Én¥Úo•V0U›[ͽ¼¶\\ÅQX›ëz"qÿ%6®OY.ëLq¬ŽbM1!&nw:º=Ì•M†Ô77;ÁÔÐÐH¥6WŸ?™”5ÇG‡f3½Í‘Hg;H

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (484 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 aa΋—rÈ7N±i1ûëšwšˆ¤±ð§:8ðÃÔ•š“ÑééÚrÎPpñêE{/‰%øíҡŸr4#cAºì»J–“/\ˆ¬åð-m•W+«å\.šIZ,ÑzΆ‰¢Ô÷:VžÒ²Žå•6 Ûž<Üe‰u!°ŽÓÕ)7<Ö†48%¤Æ¬|™4[À¿Ryð•’¢ÛÆC•êc‚I—”b@gTÁsª ¬úÝb¡¼ñá,M’×$QÃð%•`nÍ\~–F˜žö;kßyèH¥Y4ÔÓ‚Ë]tð ™²XCµÈTgµÅŽ½½Ï•þ•–ÊÊR•4b Eú4¯²bK6¼ì4<ßäuívË3Ê-¾4¤GK•±Nƒ¬×kŸ0ÓŸØ(Ë<æåc?p]ôE+‰•,[q\é¡Xd™Á*4,·ä˜ñ2 ]]ÁJd¬V«àqãÔ3WÞã•°:ò\îY€[ÔÊ°…l'v¸\|¼® Ya¡ ¯c´uZ§©+ö2Z®Ô:sÐÚèá+b«a¢¤@$¼ñ@»wO3L>)-DÑ@ª\n•£ÑhE-·Je¤²¡V’:vºŸÒ?A‡œ¶peU•r•àmžê®cCøu‘ÊЕ1É©7oß¿ÿæ› Ó03—ÙÚÛ¶ÚÛ:úüÞ-8S¾!Åñ”q|oðq¶´ÆCó•š VnÃvhkÜÛ$› 4GPšÄÙ›ét]ßŃ|w¸AÛD•/´÷a•³Šhôñ/* ?yÓ»cŽq,拲JÉÙd á5ëYǺ”¤'Éf¢Á1áõàßòZìfX1ƒà‹SãÁ!\É•)Nv¦Ø¿4e±WÒÆ’Xô‡AE±Ü]…:Ûê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (485 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Â% @U`µ °ª¼šüŸ¹Û[)[Ýr•‚Å~k%š¦!vÅY§Ö.¯ª2I§ Ëî$Æ•Ÿ”T ýœ¢™&Ä–àqí©•®,ÙÞ¾ý&Î(¢9¡4ža¼Ž¾ðm_`5qðæã3þiò€@Y™•i–ÊÊd±$‚¨‹µî¥[˜qÀÖ••½7X•2ÖZÄbXUP¯ëv«F…Ž-“ð7´G6û¿E¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (486 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~J•¥B+•’ìÒ9º‚œ…†"«tcuµÜÊç.6âÈŠÆc®®Y+~Cäp,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (487 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

œfŸQ)߸QBP©sûžQé–r1Í83ˆˆd¨ŸÏå‹kËêš)Y×y§•)ÕÝFA·áÒ¢ '•áB ®[\EÕ 0NÃN=•b‡É¼ ŒuÖøDýö¾éÛ¾€E„¬D01ÝȲ•IhºV6C…6T6ŸÁ{¸9·ÓÜ™kl5iÊ(kùjR®••Å((VÐ7·kÛ±õrÅÅÿa?½ä˜Q,&•²oWöú èùs¤Ø‰’×^~ÜáÊÊ*ø¸"vµ8ëñŽ{¨Çg"•¸*s±¡ ÒÍ®8†Ä7éâ‘è.ëLUNCÏ©7òO.ȸ(däÊ-•èÒ΋•ž!p%=i×Ûm£ö°¦mk

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (488 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ßË7"é4Ž*’¥îFPUÕê÷ŒöJ)*m?uidÝÐdÉzO‰¡tIw²»lþ²4ÔšÃÛ Ùò3SSbOÌ“ÚΕRHV ?+E©,>L†ð4„4G9…Ïî²Þ_øéw¾4#¶çšfƒÛxEƒ'^YÒhkÇ*ÒÂ]MØ~M¸§XP Jð›}úi-$jû7·ùŽ%KKŽÝ¸øä~¡§@Å/-òô7.焨xFâ]Y’l£p¾ˆœ^Ž®Ý]SË7VV[E ÈÊ{‰¯’…RÎ'Û©rgBëXñ•¸©£%$SÍå"rlwW-æ•r¹•À©teR«NúDòÊ‘DUPªXåŽ)¶|ñìXÕÒXŠç`»º_òv•’é»>Ó¬‚H/ŠØ¯Ú®Tª5 «þ=¯¹GF¼•mó®có*‹žŽ¹@%ŠsŸxúaXw H õä (–”°b“ÁŠt·iR«iG™¾ÃŠÚçÞØ;ú¶/|á\‰¾=3³“É„§±¦*³G;‡¡`Æšb5ÊÓ,•?•µX¬×•|sg糸ýŸIÚÌW›UŸåúWš„›ÚˆýF8Ĭñê‹OÜÒ•”·óZ¶ wŽé\ E^þ,aY‹®Þ€c…ä<³ÉY\TM®Fï:úl¾OÔ¶3>…9t’•ÞÁAE3Ë«‡îÑë9ͽÞAÞSL¸f[X¢wÂýŪ8%$Öë–£Ë>D• )g©<ÆËXäîÉ gªb˜GHzP4òbvL[awW¥W†•¤UVû}UU©ö]í•Êé4n{ëíU·•Xˆ5;Á厑Wel5•–,( èpÅ„©,±7“ÓKÚYQv‘VV®^²ç_Ýæ:‹µâìì}þ{Ü·s¬iUl)˜É°Ýé¦iG:JµgÖ \>ª«vÛµC7öp™‰|•ˆ2’î¼¢…₦;º‰Aìä%¾ç–Øm$´(ÙhrƉÎl“#ôG¾xùNL^ðí®þÒ•R©D“Ç‹ƒ|>_\•úäáÓlS“ÌC|© DdÑÝž.fo•9ðä÷èz¹•ÀÖ©3Ü,¼(x%÷ÂÒ]‰USN÷¼yÏA ÞRe9’Œæ|U•š"ñ« 㣩¶•ÔAæÔª•^·tC@ ªH«ª¡¶÷+••JÚX+ãd•â-¦ÇýÛã¥E&.âÖ^{Ô`GÓWìñȤø±alm•#'<-Í‘nç“øPH:¨íGõÝwbë>ßI

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (489 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂBb˜yª£AEßlЊകn€× \M±"QbC€m“·Ìó•¾èõÔjßÌRé{þ–•)“é–®…–°¢m—–JK|G·Å¡\»âXg•äØ:É–>ÎÕb†«¼R*Ý(Å=ÕÇQ%(æ<—3CiéâàúJüYN_´:æYXyò³•Glt¹½y6zaBƒÁÁ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (490 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ï^¿>ÛŠ¦MCí¶ºý1¯—õo»Ö=ÅònŒãHQ°…ŠåœU©e¢ö`³¢UÕ•3£…îÆF·»Ñï÷€š67•\E])éå¨b–Š³ù›äޢР•ë•+4Û·c•ÊZê•œ°âNÑ™=FW\K…Ewê´=§•¹Á>¦•º»fĦºp kbXqöE•j§à°‘5ÇÇ{d¦yÑDÛ,X?WÃÙë…¥î˜&mP·ó¦"}l>Ài '!KvTU‡0%&DžzЬÂ|Ô(£-gî#c!20*Ä1îBv°¦š¬¥‹HkžjôhÎd†–®é[SôKOS©2›oÔ;Çñ¶Tšç¾ÅnRʤ²Ñ_î—Ë1Ü–dÑ!Ù™ºÂ‰ï’4”o°Q#rK¢¢…×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (491 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

/r?æ@Ö0¬Ä÷È®šqqˆhyø,Ç|êÜÊÀüã9›§Ý&¯¯Öú…BÞ=A'=X Ae_ë8&PÀáÉ×õ|~±xÄFıí|óÅr4Ù û×E¼ab

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (492 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‹]öI“×îÕëÛ5•êêF·Ør• ¬z}ußدTQ¿—!`0W£ ÕÊh 4p/Æ ºëÜi ¨K L±¦óx0UMjNP•BLŽê…°c–-ëV¥›ÈmQF‚ ¼¢d£,Vc‡×'`¾`Šík)Q³kûüÁ ,˜—GÈÉrŸK%¡¬r´a÷K0l5à>ìC_8©Õ–Õ•eëRœ!‹VsÈ2b"--

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (493 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»Biq8WÉ— ¬Eǽö`ÐЩv§/â9Ü êþ–;È[ƒü°„µ¹ÅG•¼Ç³ÎÆ…ÒÄÉ Ük+?μ kÝšÝ1êÀ˜Øìtšϰî-[8•-4|°_B1U€|¹ªjh÷¶UÕŠªö{-ˆÎ ªúmã!Üß+çr»¸»¬ˆÎ.Iì¶+@%¶É¥óý‰Ø1w†Õâ X ` Èyµ\W%¦EtÈvS fq˜¦ÚAÍÐ\dê—˜£ÇÜ=ÎP”!dá—ûÑ@P¬Žaf.K×ùf墺ÙðŒ³š´¡xŠ62Ñ·••• «®p‘õ¢å <ˆ¦˜o´+fœT%øÊ‚é,Nù.ÚHO“hβO8¿ýÂõbµÖ;ëÎÏbɷ¾õõü8Ž©šïæñx=|ÌÀº•+1¨oq³þyc‘—Û= FÙŽ;¤¤ÛÝn{ºŒýj•Æ{Tr¥^·Phm”»]Ðë*€Jí—!òÀÂQšûÈ™³•†‚lñ6/øÿ„w´„Ãz$p†Hu\諦ƒÁ¡º_n°˜‰“†]Õg%EÃ3[à°´•‹8àò²sLb᪉¬lv:ÜhÚöy•3Mêc”¯™Á½•é4ê„*•emø%ú)°ÔCZúª¤×•OW—×–qb[dQ.‹¼_ÈêéÆ•Ä‹Zœ‡UHr',•—¯°ÎÀ!¶°¨

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (494 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"ù€N2êShh:¶Š—5bÁÍPÃwÔµæ÷³À8îF‡èvY,9Ê*J¸ß½,2oÌ+i£•xأΛ6„’à+j¯×ﶊ¸`ˆ«´±cµW^-G4³—ŸU•8Á‰MÆï8Õ“EVpÂ7Ÿ)ó^s¶u…˜ºØ³ÙN{Ú›š09å…‚~¿U(Ãv·™Žõîp1Å&•Ü§Úô•ÀNXÅÀËaæùl¢yjj•Æžà%ïÖZs–m œa$imíÒ@ƒŠ@{Á aß„—&Óír¹*/2yeƒ‹Ãˆ•[ù+žQxÜÊÇÛâqGhãë4?h‹0[cѱMö±ß½b©ÖÉÏ°Š•b>à˜]52:*öO{Ý°ÐÏ=žg“6‚^w»ìXGqJr²ØãiY…ý Jm¿Ý=ÜhWŒ‡F¯§Õh÷¬^¹@@Õ-·«í~o£¼²š3”íÞ舧¢Àû©€nÚܬcËô,@Y! íÒ‹R•@Lá0ï ã7í§tõ¨bº“]M¶’͆ÝÂo0‰ó;tÜCðç6ªHXKä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (495 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ùJ»[~ïX²3 ‹¶±¸ÉrŒ'Ûh¾2¦’•-§—Ë89+•Eœ±\ ÛéÖñ•¡´ÒZ)òëá1‡h à‚–ÐX.†ã²o!Ú¢iWƒÞðêwíp|ã\]ŨUÊÆ+u};M„U¬6zj•£¼ºš‹hšz0êzj¬o¤ÓÕª¶ýÀxðʽ¸«·½!¶ã£Ô\ëŲÎö@h¸½•CÚ°Pý,Á…ì“JÙüc?¿£wØ@¬NGP¢ #M/pÕÜKì1ýç¬ÍS•Ä+Ýã”5ÿÒKÖp"x9CŠ„8˜/3Mõ}Í°V³Ií?zVÙ,ðh,F

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (496 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ò¬m£¦Ä]-ñÿlgæ¡ó¡4–]Á`ÓŽýÈã¸:•²¾ì‘n݈–“ù‚Šý‘ÈÝhW°Wr¹òÚB$²<À•ãq^åè„sLÉA;:ÊEÕ%rö¬>>E-ï9 •Þ›9$íUW¾ÒÛèõ«†Ñ¯¾‚EkæBû-ò•]ÀTã?9ÝuÇŠ}p‹‡¯ý3c¯=üÌ+àÔø¬>ì ´*ÛàºD½¤´Z‰MÙ¦½¾w•š¡¶kÄZuVñÉ<[*Å—S|ºð—«Â±£FÛâ#…jlí /…EyùQŠ³¹%Æž ¢"•HEÉÙy >–Å‘•M„Pfš•…Þ0“e‰Tº˜m"k‰ Mšü˜ j1•†U7•Z:&3’² Åv”‹Vxúdȉ+¦´-pÒkQ†ÿ•Îüû—d¯cwamñr«X,•ð¥¿˜ÕS“«îp™cH;À 3înGiª Ú{F ˜÷zY|‰c½Š‘ŇÕã-m|Ô¬a1{u¿ßÖ¶±J´º[è´V¸t“‹.ƒk{GGò‡gò…2F‰•Gû•ÎtûFm[·§‹â©¿×ZÙ§I>8¶ª³¹©c•©öÔj•Vm«Æ6õø°]ü4»À*õê¤ÀêTu…»û9k~~ˆ¬,çؤmH0ÚÛÚcóôš4„;ºNW j~g!6w5‰É°è/ãDX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (497 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Rg~ÆO•OÖƺ0Þ°/ö`j°•K&¯*“DYð[oËø^8pE¤ÅòY•8[Ã×RŠœÖ€š%ùDÔ.Pe/F•µŒEàê• …_^•‡ÆzÀ÷Þõ|`ýn=à ä=yäŸ —Ðnɨu{·Ÿ ž…H‚•·¨Êš7P®°âU¹”SòQ•Ö^ÑÒpîUPíå"v•æp

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (498 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€$›%Ü®µ\L¶À+öz‡ý×^}ëѾ•³e›,ùu× ÎÞGbjRÅêab۴ʨV pÕ¶Y«¥5ð‹éZÚ4Ò(¸êlÅMÓ•uôHö¬V¤ülò¢qf‡Z™1•ÐØÚÚ¡¸ŽwŸ6´•%•€—2dÄä—ÂóSlBK^çh<%$¨;Œ§Dv¯6öövDLˆš?¥ë>ßdˆmî%Q•ÎâC–p†lCy{UúDù(•Šy¼ôvç((Šì†åÖ°»ür¸:}Ö••ÞqŽ‹a•¤‘•R²ÜÆÝ•×Gùd¡T,x&h÷›Ú½•6çu‡pe‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (499 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 xÆñBRz •ã;5R¼#ÉÎ|`Eía[žqàØ €UnQö“VÒÑ\ÐTX€‚ï·+íWÇ_«¦ÉžSDoâY—ò¢ÍU!‚r• ªîª9Õ0MM£: "•0¨êYâ•ÓqšÐbAÊ‚“-Ùyò’{Ì™™•½F¶ÉJ^2G{|;®L8C‰ mÇþA6–*Ãc—€³¦fh³&d+„*³acø„5ÒÂ5k‡•\#:Lø¯ú´Iêú½4Ëê:ì¢ÒXö‚tpÉ#²~ÑEGz>©ÖÚí1Én§ N‚ê„Kü5žGȱ+Vmœ°˜¾`7¦L•¡p,—ǃ‹ˆ´T<( ´ð”TÉ•‡6wëÓâtÈÌÏÞ5~ŠVÛ\íC4HšY‰.ïV#»»Ë|殄•Xdgbf‡bUöûýš‰Ö3–‚~-c°ÂUf‰z A¯kFµj€T£¸±h,VX›øY›¸Ó© O”iö¨[{«U±šÃ²[~•>•Qß’F|8V«•çhúVÆLÓVÓ[T,Ú vAÎX,,gŸÃ¬'ºÃÉ|Jne©i`1ÆQˆ(Vö€D‚³[Ø!MHMI“T|±

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (500 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

NH®kÔü¼$t{ЮÊ|e§âC¯ÈÇU9a•vv¸[E3¡“(òQ9Þ×âca±8"ѵ>î×–,b•ÄÀƒ³ Š…b‡âƯù$\`¥=Þ•SsåÞSÞP•±ÈWƒ5ìÕ ae…}ÍÆn4•`·ÍB,dí'I@+X;zoûÞ,"U¨‡‚–Tùè[½ÓÚ)Ž=TŠ»»€åô² ,X1á‰Æ®•£q‰…•K,•\†jjaP²»ñ‚¢GÕZ›Áp•¥M”vÚKlñˆ8kG$Ï›M–WÏR‹—Éðæ.F[TŠC<üþxÐÏVs¨®••e󳕤²D>·•ÈÐ+fÁ«!6ZçéI·´Õ’ÍR¸²…YO%g‰w›§ÄêÍðò©¿.„_>ÍÚœ-xh¼çÉš©¯[ö(«…˜Ñ*ò³ÉÒêêJ«ø‡ƒ(œ%K+-¼X*%oD#¾_Ìèu£>{à;¯šaãÓ°œª†KÍõúvÚ¬™†`å㵕bþhìzýžFQÝF[Á:úˆÆ± ž¤w}û8?jrL»Õj¥bó›¿ý[O¼Z1Ì´io]sJ égA:ç¹ÈW-1¶ƒck°…õ›7V瘟Rt>zFt• ‹Š ½’8_¯ÔÊE£>ٌޅ'ž„²Yíw» —Tœž†©%ÔËFbiø;|1qòjUÝ®³Œæ¶…ˆø0¬ØÂíÙ1ªÕªeÜ-„Õ`†¯èZ®VTCc'@̱gÑĹ?´Šhl-Å+c8YÑ@[>²è¥yÔS;;ŸoØÈdçÅÈ"k7ñrW8µƒ†3ñŽ‘!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (501 of 1076) [12/16/1999 11:39:18 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ç@69’DU•†Í±Åh0A •@ÎðNBÂR£ÀJPˆ™Áu¥8.( ;œ¤?GaU~QÓ~õ3¿ù:õqV{ kÛí5£MÓÌ¡á@µ[ÂÀ¬èÜ.â+—Y[>_äîÂB¹´ña…W±˜œ-´z½ƒdq• )+•#4>Æ'†õÙ•e•ª>êvûí}ÐVF5õ šTÖ`Ô|k‘ÈIiÍÄ-¶ëX•Ußf[¢Jµ¡qEq!¨Xâ´•9Að"¢pI=m,WŒ´™VøÅrk{w‘|ZÛ™û¦rš¢¯1Þ•÷+£ðþÜg÷öpØeBYR‘5ÅÐ…bœrëÄV[[´úÌ8p

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (502 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 tÈà‚$ ª¹0U•Râªi¬wcÝÁÉ¡@Z™TG÷§t• ÿ´•>Éæž0M +±ÿMj¡•“µ…ˆì,)µ„–Sü»’6ªðÖ•ó·ö•3òL§sV°2¼ÝV kN^•öð¡ÑoE¯¼vb˜š5ÖVѪ‡‡÷•ŠBA<@³P×Uÿ—Õr±‚A[nFEµM©rE°•Ä¹…•ŠhM¡ú•3XgSÁžÕ¨Q]^6hø…¤§+0•2¡”î¬ë7çõì´ŸŸèÁà´ƒ®,\ñáWáŒP\|ÊD• Oa›Ä|˜—óQZªÉ›UbP;kiˆRTþ •_6•kƒa¶TȲí”{@Ž¢t{‡Ef‰`'…S°•¯ðÃ5I«O“ \•/I¸V13Îr¸Ää«k‘•c 'ˆ³B'\¼•¡ägðãÿ¸Uwážt-M÷®‘µra6ù²c··¯QoÙ¸Z !OÁ"N9Æ•/m_é„”WJ•Òë[U÷û½JíKPâÊ Ní@ˆ¨7ÊË&'¢ ‘ŠØÆ2¾hŠÏ¾B¾Ûm{]À™åœÚË•^óQH’ÓUCÛÆÄ«®÷g{¤¨«Ñ•?Ìç~cYžÐ–VYDsAlÓú›.„âý••¹kfû|XôÛ`/`h&³—á]„[WÙ0jÿyœï•®•ý@b(ê…¦•}~•P|UÇZË÷GÍŸÐc1mrR¡j

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (503 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

DÖdHÕ®¦Å°Œ¶¼Æ'‘‡|Ë´þlg³–9mqmu*¼ðÄ™1Ðå4}AÈì…ˆ•~B®§€ŒåVrõÎ×ÈX6´œàqÀèS åÉ´*¢ªÛkC(ØÞ•ž7”®êåzT'£ÔµH¡€E}9]éˆÌbŠ~øDŒ«ê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (504 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(»rw|´Û-uË*ÕiEb8/+$›†YÛV¶k5¬™ßÆè¶FË8"ŸÎÚ ë«7¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (505 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ß—Âꢞ¾/îJKKt3jö½7ææh•gð‚Ô÷G$ÅúãçYþ•Öu¦¨'•¥°+CÙÓ0ëãKÚÊ6dèwI°X•¬W´"I2•æ¸û|WµØU©Ÿº£`¸•¤}¸Ãˆç[ÊaŽ ¶¼,Kq –®„C<Ñ™u¬ƒy ¼ánÄgk»† A#íÇ"/ÿâׄ,Þßü¸Ã"5Ù"*ç•IWÇδº4“h¿¿Q•œN„Ë78°dºTW¹(Û¯¼B+-`F5W¼±@A"JNãð¶FMݪXJãlôÕ•r¯²• õ•È¦I>ÖÀBTLµÃWÓ¨iÜ'ŠÔ|ÕcZP¬ÓðÔª´f{?ÎX ,v•Ø¶;Ÿ•¹?ófÚ©¨•íÊÛÄm¾šÖö¬DÆšá‘å¹÷•„,ÖÀÜ/ë&K l²Zø•¸p˜å+ƒb'Šf“ X¾ØUœ¡C±²¢¡+]e¥ßôÄÞ‘«òUucâÁ¥áƒ—fÙ4,.Ìu,/u¼K¬ò

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (506 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

±Htõ‡±òUàê±°²7°_ÖÁWµv«Õ}aÅ> ¢Õê•N•˜^™e¢b]¡4Aït6uÜé‚Ååh©•Ñ”_

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (507 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ãR]» ê½2´U] MjòÕxD‰«Ágl9·ì“—ŽãŠ-Š• vú}xG~\%2ÄWü¤“•E#‘¯<2d»vY—ãù㧦Ù3€A«Õ¾Z•îã`¹ŒÔRÅ ‡Z=µM¨ÒÌÝ]¸¢tpDP§S§š½8®à,W‰®tŠiAUŽ#e5£ÒwÂ×°²:}ÂùðÞçY{s´‰Ä‚SDYSÈ?äý^¢•víiW´bHc²i+Ì…M¾p $.:“«ÃÊp‚AêÙÎ4ùà>|+g(O¹ø¬d„

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (508 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

]Ÿ&G²ÇõÍÚúšUjëÒZÎFÈJ2œ‚Ü.ŠFh{Qú¤†?m.‡€B,Y°&§ã…å¢7_lµrQDWìË‘ÖмÐÇŠ*kZ•ì •ˆšL<žA¡X*Wªà½6@s!¸Ê ´U ×X„gâÈ eSßìtR•MšFË:vTµ‚{`–[Å‚'Ùjc–YªÝ®nÃÛ‡ Àh†š«`•|/ªªpR›â‡}Až\ 2ÜÜܬc¥UÇš<”J%œ‹6Ξ®cnD¦b;¨«)€wÚªdøYYTpCûi?í"ûìç渰Íû«ý´Zˆ»Oð‘ƒþiœZš Rqs(J;°RÌÙO‚‚g«ç8´ÕáK›(W•ÀâKñSœàÒ1_84³ã“NlYÜ5„°X4ª¶Ê¿È—eðßÚj!9›÷Š+_.WzœŸXˆ_b±S£¥®bjYí&××ó££×qɧ\Æä•^•c£ËªaºÝ2îȲx¢Õg•Ù˜¯^ÁÓ®ÑD[|»H†aÁ*‚c£¿àiW0U±½™Jl•ðTVRj´¬¸¯iËUTm

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (509 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬›aÌtèõít«hà!ŠS4ÌÃ/ö'dŠê1û¥"®°—†¥æX¶Š‘[,Ä'®^"ªÊrÚ›f»ÌQÖ~š'@JM³gp”¸UQ&;Mó×2¼Ž‚6æLY9V“&•ý Ñ[ê“òdˆ-·•Àœƒ" ™ êW¯*ZÈj °¾Å-\‰ÞB±,:"~Ò1¥J„‰âP‹€ÐËÖ6òàš*]øä{Ýë¸è²`ÆÈCªhL¾…>øê‹Ü•°@sP¸ÐEù‚g4PèÔX£vi±…•¦´\ªZÁ¬h•§HQp§±˜Å¤Ì)(%’öª`¹^”•¥ ~ôÁv½C›ew¶·k€2µbTw Ÿó•Ý…Ò\Þ5€õ:Kæ`•Mð«Jýÿ0öîÏm•W¶ (M nÅ É•kO2©JMºr«;¹é›™©«·Úš–ãD²•‡cË’ÿ€¡\þITJ )„¢ÜI*eƒ$Ðx‘DÄ!ñ"ˆ" à€Ž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (510 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„Á‡-Ù™’-¸oì²\qÒU•TÍ^ûûÎ(Éé9"A•IIXÜ{}{¯½6×frY¨þ(4FªÌü•(2¢•þÒf•}ù×›`…Û‹’ð œðª—Ðß•Z”‚n¸éªÌûJx$缈`²œ?*õÍ8¥NÞ€@‹« Ú8Èy4éî(Sý !]+(ÐÓé·¢Øÿš‹ùúÙ~xŒö#z¹ÜŠ§_/[i¨Ú$y—زZµ”¸YþþfKÿù>X¹Ã±éNe"§=UI(’*PËÕ Óc±¾€ÓÖr6ÙQ²p¹º»Q ¦Äå”/¢sˆ¯ÂçœÃhPá>b;7–O¦U¢éı HùXŒnòPžò¦¼TÇå@¡ê«:•×’|- 6æù™3˜`PÁT&Y®¨f³sPXͲp!™bHæÜbŸ•Õªq[&ÚO?Ý—NçX•¥d3J†#ÃJ·©e[+éCÏO•\(×ó…©••ÅRã%±wžóÚ2Ú¸à•ÉÖGO^Ö&ðqÈC~dA¿ Õßé3Úq‚/‰Ž43>ıQÈ0Ì•+ÅQJq@Ñ„W¤9Â)‹BÛì(¯Ñó‚`u_¨âÌ'¡µ9ò•6•ó•ÙŠû{„.W ’••ù€Ó…~,÷yrþ™™Ùlvvv¹RŠÁž-ä ±µ ‹£Tw·Jö¡•lïÆåçEJ„¡îÜb8LŸ‡{˜rT( Á±s½hŽ%ðt'£ÑR‰Å3ñq)”‰þÈlXb†x"NÀïâ}„UÊ]år>ºBQ.AH$0O¨Êuyy9 »Hl•O¦Ù.K•K)~Qamž¢Ç¤—Ó¸r•~‹Ò˜öI-ã¤ÈOè@JåõŽn‚»\1_~ |¥½A"dùñOoðh„•Ôh›+'ïûbÍãaBÐyî7/¥ü¹=£ÂåM[gŽôìE»TNDgRÖºOˆ%^#f±Î’þ¥Û†&N„€åöà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (511 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ØRj—|ªÉ²6Q+1÷Ür4|W›V"[éœ^‰….÷ƽGT—ÝÞå÷fn‹Í*Júg‰ù¾D€h½øa LM…Ããá°Ïp$ú(Ê€+s+•sj9zRÕqþ¢@ Ì…Ê÷1 ò•EÁ²º¬&}ù|ÕÇ ¶ €’)oÌÓK©dB #Ž•À˜D¹Êû-)ER`Š'ða”QóÐuå«…‚hWWR)bê)®|‰…½ÄÌ V÷šy™”™÷¦ ‹i?j«”HÑ7L§Q†å—ô,p…ú¨"ÜCA¬øÙ“3¬…Kµ6g>XÌ°Fn.±•¿Øå¦oº|]4—µ‰Á_³f†·*MH÷”¤¸žÀŠ«‰I‘åÂ(•„š^? rœBbb‰£Ÿ ‘¹ÒÊ…yíPku+ýV¿¥»Ÿ[…g‘¥%Á+zQô•<¨®¸›•ê|[q嘇9Lû4…,›•cã=T±]¹xggç#·0^0»\X%äÌÏç±c`>o„¨ª¡^¬N§¯|Ýh̯ª znˆUB!YIÆóezMø“ÕÓðDÂ?8ªûò±yäÀFᡯ+W“•è|—ÀÏà#ayµÄ§B\+¾aêeÌÇêX@XBS5/¥JŸ°áF5ŠKò*Ø(z‹pYñÒ1²8—I£ÍáŒì¥¹NÆ.Ë¢0Ú2GØ”Ë÷6µÁ…6±+

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (512 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

X7oNܼ¹[½ë8ö¿ŠpÒ•áu>ªMˆ Ö¦x7!,>¸1ˆY.€•ïrÅt”‹ñW¼M±ª—ó#ïJìĸ±ˆ¢é¤£•¤Lxö¬U ‡]Š RˆÐ¦FXçþ`˜º/ö7¥••ë¾°¥%ÂpÌ0½¯szß´!–°Ó23‹½{Æ3g¶î3j3µ…³1z¶ëÐ ÓC·ŠÅÌííí†CÔtܶÒ>mØ&` ¼Åˆ‡×éÙ••Æ˜–˜!#¢“•M%¤¿„ÏW•V˾uCäHÃ}µÌ,‹¾8–ÏkTI•Š·ŒÓ÷§Ÿ¯’ÈŸ‰²•a•ª$(OS|”3Ó/†¢ú‹££E‘ãæ•ÛXÜžæš«l3z²ÙûÊW›penâªUÌ0ñ`-…>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (513 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

NÞ\XÒtç¯êVY"Sit ßHë=³v†[Îøð$ï§@Bc÷ok.M•?¯ÿ•F9é¡ùÃpå÷/‹ö#ðï¢s òZÿ…,:¸Øpxr½¦¸ÝZâ“´êa±ª_èüd€Òë

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (514 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

No>0¢ÓB°róÓÓXRAÀŠR>[ž•»5›•mtîƒ{ò”aP)Å볕ƤëíñjFÈKÞáñ-Ð6ˆ••yÌÿ™bF ¢•n7Mù:3¨Rùê62JÄË}

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (515 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 z²b,VÇcqS•!A%È+œ)2VH‚>œÁÚ1^ƒÃà(•‹ÜïÉÌQVˆgsEïm”¢ªã‹0 UZM“{š÷æqŒYú‡Ê•á‚®KõÕC/ÂG–×¥•?‹ÛEùê†l¾.•Å-¿ó²v^x°*f”Å‚Ø:f‰ÕK¼@³GóD•KÃûè’˜‘ì_œ*&.ƒ‘M˜#g¡àÛÅÕí²º_{͆C,PNYÿ”¸ú+WÓjFNê´Ä}·û>`¡.:ãDØ9mX‰æ«•ÚÌ,aëÝŽ‚\<áP¯K<Ñc(¥ÕÕ®;Fcâu`¬“>‰€%pEªÓ¢œ±ŒºPÏ@X#°•Dë1ì7‡±zh¯ú›mæO€ \÷]ÍXõàðó€ËåtèY‚ýbg{{犱Q¨,Ó³Qœ[^5Lcœf뽕°ö¶vƒ¡N|Ì0-ÂGyW®ÑDØX¥Ëd¬G·Õ£<,Á£„.BajÎnô¿áŽÍ÷C‰D Q2Öc¦’(„rÍ]œëÛðÅQ,¬‹À“W°¢,Z-4(™•£«L¦¹ºPÄßœ‘D•¸EÍÕ¨¹LnqÑ®º#hÁŠ(+¯ÿŠ4/³ŒD S$$y^ §ØÜÀ•õÊýgÁû+ìi° ¨0öæ´}Àå¶;\¹\®;Eüé®s%–/×ø—}V-M”öMmm?3Õ0í“xÁó¼•.∠ˆZ•¯®–^”«(°Ðç(âq1‚Ç6<¬c "Á à‡Ó9lwYG83™$‡â#¥À:ʵDÏŒ2z[7ˆ„ˆ•Uå2Ÿ|srwI

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (516 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÞÂ@Ï2îÑ?/ew±‘v†¢•ã§“+zC¿âÉZ³b~Žs¨¼GŠMXy[§ê{ô~Š&„’ñAÒ.ðxxT …°8ÞÆþ•ÓŸ×›CÎÒœhRß²KˆÂ{,²2£õ|‘wÒ3ÜÌzX2£)xqÒl†}û

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (517 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

®Ò³‹„îœÃ•Óž‘×^s)ý ïY°*6•ÕÓO'|+7v¬Â¹½YÕ¯/Œ[›1õ VYÇ”¬4ŒÁˆ;½q£aƒ§¤Î¹•ÉÎVÓš3¢–áXS´øàÉ^‰–òwdæƒù¾¾à

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (518 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{ž ´3Ÿ~Q4¤ƒáX<†ÎœèúÐKAf¿™q¾»Æë YjºŒ‚'Z6~¿Ë•ÿW”•!!UDZõÄ—ZLA휧@FU1Âôßž•¸’‰¯\Ç\H‡ñÉHD+hqç×78b›®¨QòZ]nN ùÞ’>Ø%7Í_Ö<ÅÄØ„Tï¡n0Ê{0Ñ–^Zº±Ä¢ÐÑzæx¸D›8¯eAíÂ:<”EÌ#ŠÝMˆr[QÀóœÅpœËsÅŠ¸u…G—®4Qõ×9–`í÷ÓôMÙÐ}ß5yÂjîú¶Î}íûèš6Ô}5~¾®Æ˜4µ·· ?"â÷õ:CŠÂºŒ1"]•½óÁ•ephhÈápÂ3Þb $‚Á|°¯/Âk(`¡

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (519 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¤†m@•}Rå@ •à«”§æpø ê$ćC”'ô=L(–šXýÇ¥Ñr™¹:fWgffP•ª 9•¸Rf

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (520 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ï´D•ú¬Ìwb•ZO¥rË~1•Zd©ææXŸö^I²$¤&F[4Ã×éÕ÷æõú 1Ð̊ᛈ æŽmÌ KxÜëBÖ€ÆMϨ hçÅÔôèäeöiÒ½WYXˆbPý•‹o`è^ôqzÎݲfþù^¿õ¬[¬˜$(!2+þkiè•xáæ^ó_!VMmƒ¤êÓ•Þ+—Ëm+Ú±›vzŒª}D•zXE£ÔÊy#a§Žóß4=¦£Æ®.Àª+¿ÒÉK¤‰ñ•EC„ç•~

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (521 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ãÆÉ0£›AJyPôÆ>Ì‘*ÈÇ¢ó!â±ÊG˜r¢Ùho^Øp‹òkB»pŽ²ƒN•ã)VMA¬\«¥*)õ]±ò…ö\®••%ìýV•úyŸ Ì®.Ý¢»Èýl.3¨)Ek83ªæX—ƒa *®º7C•Ž)]”|߉ðõ‹Þ¥ A¯ØýXÖª&E}tratAk.CµÌ#b<ƒzY=Ydu^lröòü w°1ã#•‰Õ–£<Ê#Mdä‡Î7=ÄaÓk•˜qtšp*ì‡6ÜeåËÖŽŒUZƒy³•Q¿8¾Ùÿ…ª÷‡E+îÉøQ%LïÛÇ#îQc¢•¬qmQMäY'€áepubíwp4[Ùf¼Ó úÛ×¾8œ(V Ñ«a‹bÖ £Íé•(v¶Ø–f^p÷< û@¶¸m•)"¤Š•o€6Æ"ÒÝT¸RŠK#@a•jŠg•0»“Sã±éS1_ÎíO¡‡è@óƒbQtøSòZĽd"•DJ\ÚèœgÐ)$‚5×"“át8Ú£…-îoBT+¶~MLûÆD¤ÈˆAK_Ôõ:Æl–n2?Ÿà•»—'äÐÍ«¯s¡J ‹>+ÛG=“Xgyù†¶5zPQø¤ï*2íDË„#ò6¦HÎ ](¶š) /¼±¦U¢ý›j š$f•«þ¦˜áÍ7µ€åþPi*OÊ… Ì#ãT•—ª©å¦+™•[»}˜^&èíC•aóñÓLƣƒɰ¥°0˜ZxAQ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (522 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (523 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÒÛAÇPË5<„bcø1±’(±¨>Þh9 uUŒhÀ `émÉÖÂ6ô8ÖÔE_ ê—dÈ‘4zÇòI57îÀis>&|•r‹y¨•±F‚éd¥RˆûdçÒÑ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (524 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

îæP«àTžmŠÌŒ+fêìð!1õ•ç_‹r¨_=Êþ©´XÂpYhD µeªoQàœÐÚÐ=Âc’•Ë&±4õý›ï¿•SL6H ‚…‘I†¬`òuÀBôHµZÿÈÛ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (525 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

™ý%̃Æ!Wz™•k¡oök´Ø@6% ~xYC^Ù âRÁ¶÷™Ù™å4²ÍÔ D¢ç£L²• QW•õm+(9ðQí*XJ‡6"/äÁÞCpª@00H‘ A‹àæt0Ú@àóxÊN•²„N‚¤Ó ÁƒŽ+!–h^-›•»›(3pèQ»ýi?ü’um_[9•ô%pRV« ^Oœ/û’•‚è×»VK©i˜)W*85¦¹•‰è…‰U6ŠÏfE*—·§uGŠûZgåÛóW”¬“¢@Çc¤r^Bzê]¾,}¢×ØÃÀbAœÀ‡C•]âWÚ®_ˆ®xa†Çn ï¨!JÀ‹OƒÄ¨ä¼çG…lºö×è?ë5ŽXnÌËKœ°‰ûMÚL„•V›Î•oö÷7{6•ÁJ²•ôuçì6ú-ïèX/Tjï½S#HÍ΢î3³\ÃÖ÷eµ7aR¹nèœÖkíQq,#¬±ŸÇ6qþç·9L6ƒkS‹•[§ˆåDtàBÁꀎ0àćC™õ‹²¥3Œ¦5^ˆ~9…šŸ;ÊÈf(¡©9Îl”¯žÙbL:ªq&ñ—Óµ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (526 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"U9EL•Õjéûiî’ã U>ü>1Ûâhž÷•>ÕʦZ©±¥1ج® 5é+•9á(.Mr´· TÚø!1!a?•d(O†“Ë=ÚrV½•ÔÃEuñin_ëÈšèÁ}s„qÅ[Ÿ{zx|ž—&•u¿Ö•u#ºòý‹â¾Qbý„(]

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (527 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†õW8•×úZ.eïæà•Ã

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (529 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D¶r¶>ºª”ðX¾‚•ˆRú+h¯ªU–}°5_dwcã‚«ÛÕ•ñú~w·ÝŽ)z:p•hÍŽæú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (530 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

>-„æ•«•fÝWµšØD¶~=1š6߸QKôÐAp¥³ˆwtBÓÂLŠ† ,`Á•Ô‹•_çiQP¸~]Ô£zîû»q)ßš•Q?§Ò¥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (531 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 o„`u–—™ôQóH¿®`oú§ië¡¥å>]rÕߢ•ysS¼Ò¯Ž>Z_+°£KŽ#±ã@ÉTêºÓÉ®Åúº‘gÚ¦¦ÙbOøïC‡´Ýh4QfÜ@!vÁ†Á,:_Gv:òÊŠúJ¦|å‰:Ž•Æ;h+Fë+ºA‘!†æ Z6Èyh>£˜]À• 6—»¼Å2àêN¢Z@°YLq¨JªBGJÁªÚàéľ›…kDU#hß°kƒf 9r_»ãþ¦²ùALÉúÕÈÒVxiwtlýúÕâ¹e+ovt²è)ª~xŠx½¹RØÒÂ@ •i¾W—µ1)Wfköë““›ÐÄ•TûÛŠ:Ô¨X‰~µYq[ÏZáª4b}›wâ°?œ”•Œ\i¦Â+:rô1½lÕ/öÅmÖïµdÁMiP—ñ=Ò±£Qµ»ô=X´¯\ªOŸyF^.z»¥•½}øÚ¹‹#Ö‘Lo«V¶qOyƒ(¸—PÏ”!ž¢¡p™À'Æ•ç·m£³$á¨Ó°m[ÔÀtl…ÆÞ¢RR¨–åÕx)^-¯•M%Öªûª«Äœö•\[Œ‚+Ѷ²•Ë쨉TËÚ<ý4VÁ’©œ_ñ»=Ú¢bá_ûöÛ",ñ¯ï&sdLý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (532 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

’¾)bð=¶j×Jîâk7Õ´–f©çD!ÆSMèÛ•z³ÕŸÍzG½/»!³±žü6Â.”PÅÈL¸t]ÔF[E«ÆQú¨Õf…=•¸®î¹¢ý+5ãã+#MÝÂf\µâæÍfùS/¸KD=pÔcUKÀJ«ë‹ÀÓegØ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (533 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂL'ú@¬½mË3°[×áÅ¢=h«¬¨2pßyªÝ®PY0v¡x{Òˆ¢X…T—•Ís2uNO×¹4aÄm©\ƤD~Ûtݯ²ÝGÉd*åc&Ž<|ª…Ô,«ˆ_”m6§ËÕ•9UaÙ€e

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (534 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

PzQlàîqc«°º¢3 wï¥×št¨èâˆÅ7«æÃÑšÎf±ÆYìc‚«vQÂJ2û}æfh]ÖχZÈšôFäÉnÒ«,*fï‚w.T2J¤8ž£o9ÁË,¡/æ/Ôö’ÀîŠw6½<~ç[ó³.<ÔVhô˜‰-ZÝg³jæf'6†Óz¹ÅKv³†)®„6}=Þå(-51¥»m•±¨}3°R Ç83cGI’þ$J±}g¶ê¨’KI(LßIè<\XñvÕ.¦ÃŠQÅe+a'$°5+{¼“Þ‰×_½±•Í©þLÆŸôG"sÙˆ¢àGÕÈÄ„•Q±\ðÆÒy:Ž˜y&^ž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (535 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¹W3ªAé!¼oþ´‘³h«^S^ëvñ&úM~¢:¢äЩÄU«eL‹òóÿÇ¥ûm»[§p´’5]ÃN‹…bU `!š\6Õy• ¯Š• ±uª•••N„¬•S¶ŒåÒª‰~D "¢dàP&ö1iàÂcíÁª¡}j¥DT«Äá…h6ä膕ÛâÕB¥P2bé[4V-Äãñj•nV|‡SœÙƒtu'} Ç”òð^Ë¥9EʳÐÜVÎrÊã&ª. u¿Ñ·Gä¦ö~7šf\¨Bºß:†ß2™,æçPp×6ODšä|NOËFý8üõ\¾Ü;Ý{.fLúúïè\ÆkΪ‰ü¸KMýîHvÎï)zRž¹"ZÇ7—¤ª•%|t¼

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (536 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,¥Îöh¬T|<8š•R¼©·âô^•NŠyLVÔ ¦¹âÐÁ_ŠÇ駘ÀšˆQÙ»»SIdÔ2ÏYøàþÏzPžvg ;üeØÆßjuY íý•›Î•|bz„¥—áä‘ÆÿZ„â¿n Šæ ˆ]xlÑ,\¢WˆÙ¯QYyà×Ý™”-${Î_^òÎÍäëcÁÜÜèyOp¾/—Ù¸V\âô6J_¯:üþ”áPÞ •,|Dñ¨÷#ÖQl¼1)v“L4õ|͵çÂ}Vfí³ž³TìR©´¿_.AhYG¿‰Zér+™¿8.iXk‘»Ýp«UU1À~¿Éöò2׃l9fH•(f—ËõÎö3g˜³ŸÙª•}C•jZ–Ú÷A|5E¸Š¯®µ+ºmeE†§NUQnæcÀž|¬½^M&ã¬N&ËUD¡Rl¸Â„D¬Nð©b蕲`\C¨„ª¼©„#¡#é`<•ó夺,,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (537 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

8æç²Ú”ß#×rù»»sÌ2PEGeEòw~ ¬Y¡<žc6•¶>ò£R1”*•…8(«ï°ØÝ]ãð¢,E>˜©!õò3Üü_}õÆÒ¬ïM¤{ˆ¼O¾ ·>±m„•ûG‰vy "ô{'ÎÛˆ‡¹F{&FoÞ¼xñw¿»)꤂aݾC-)•Iþ%Ù¬•7!x9 *×üé´ßݯëª6/ çwGšZö·›Èjv”›ÒÖöé {ÓŠé€uÓÇ>h“¾E5ç’nµ„)”ÓV¸º»‡•CŒ«;(^é{¸x_§„N”5}íÓÑR£Ú Û‰®.n9¯è‰o$ ÎóP)ÆdEùöö2ûxz&Y&ÄAžîƒ†ÅW•ÖKX&\|UL'ãZ¥Ÿ@¸Ze&/7Lt ø%Õt–Gg3ŽWÀV6㨙ϓúU—'¢YÕ*~q6ÄéÐí¢'€]Æp£41ÅÛJX/g•ù楜çùj>ŸºÊ•`àåqboϦ½–óym¸yiáö55™O+s£ºôàÆ$”°•-:rsYóB‹h•pº4)$KŒ¨Â) 4_jÙkmñ4\œè_›5é¼éO+3étÆ#5ë’•K\éçAÝ‹ïab¾VT¹•ïÔxŸûý'àx–{2‰ ¤jÞ¢¶nµe¥EÖ*-JQ€Ÿ[mÝ” W•DžÂU;ãJ0+Qf˜Þ'&r•ÛÀÙËL— ©eÅÚ¶BÄDª(Î…©xñfã}…x)Ö>Uªp¼ ø|ñ|¹RŠ–b±BŠ¢WÁWðEKå$ÏWÀÉ QÔ(ˆ[Q¼¢4Š2újœ}| ?뚌]™adÒ¡<™Ú2bÛxŽ»6Ò†ˆb—j¡Íêm"ĉkvV»ÇHe¯NŒU$²äpNS<*!&>È{'é‰ïï7k›‘à€üj1“•É÷ÅbJä²6õ¬)½ŸJ?;*èÝ»¸ËãYr˜pTŽ¢òÆya

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (538 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 iF‘<Ê•õœµ*9•:áKû’‰¤_•u\%f™&•Æ£L„:uoEÖæñx‚Õí?Þ›Á•›²ñÉǯr9uÍ´ÈÉî_þ•¼@É ÐÔ•Qv(XD ¤Ã¬kÇz7•±?³e/¡D)´S«©ç×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (539 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 k…Bc•pUÍ2uuÝáéœHýò<§ƒû•«£ÌI¸ªÒypz5YàôW-”óåÔÕ(ų¤šôURÉJ2\¡AL‹ð†éæFamìŒâ•0m ûIUa°2x¡Ð…# [‘8áâ—ÓüiÔÒŒ0EBL¬•¸’Š¯Ìlv–?’•e†%•’97êC_WìîÆ!lÔ;*>uyòü¨¹ß½,Ê“LÄ—&Qìô7b¾òÏ2‘óÂCMÎ B‡:§(sôÍ¡„aá•$—~1Ç•óf9MäAá7âI§Æs°·W \Ì¡»ê ³¾l•ô‹•¨÷®îëaÕr!k«¬ï¥ù;x”eE£Oÿ"T1¨²]¸tÉv‰3Z½Ð¬8‡œö°…µ(‰’éNg'øÕ3‚²Óµ•íSÓ+É x[•bÃQ¡ÚÀV¤Æ*E+Óª±ÓP¯CçG°¢¼£:˜fæ€UM⦩©mqÂÊ_9™óAÎçSS¾T-EŒpŪ¨BœÇlJùj¥ZJöÕU¶IT+jšÂ”²3’¬D%AEIC³•ó{Ä7ø!¥ò`<«õàÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (540 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¿GŽ\:¬Eê²sÍ••ÍdfeÀŠˆÅ«•º’åÑp¥UI1IFŸ6¤™±EãÆôÀÔEo,‰ƒœ(q.q½óæÏâщÅ-¨åźèMGÌEüÎÙ·Çk¦,œAˆôn–—b…">d=€D†7Ï)QV±ÀUu6Q~±ì»ØÏzh³ùíV`ÝGáݬúÌÜýý×Öº5!Ó@ËÅ€zƒåN —Ãv$¾¸©N©¬³sŸHƒmÏdÅ‚êå̺Á[©—•BµR!X® •.S«Îã+~ËÕ÷iƒ×1Áb!7·Mµµ›ªXrŠz|Ò_¥À«B1œK•Aç…Ò³lŒ‚›ÇV; p±E¹ÔXGä‹SÂÇ!ˆbÍ)¢”%rŸ·Þ…½„sZìòrÿï|ÏÃÿJ«t¢mÇðºÉë'¼sWÑüju–¾‚•ÇÌY±X,Œ-g,¢Š1ÚcÖQ¬+Ÿ½flO°íÙlæ7Ýg±\`Å*º€Ü¯Ò*,ÞÐl6mŽð‘îþ¿Ögþ•J§þô;ÿöé'•”ÏÁ0º4€à„ÛK—4` #T e _azÚè2 Õ|†O•mzA”È /¬k.•c‰jÌcǾÉBµJÙKTFyð³bi—•ÁÇbÛ &Í牢 [·NLj¨ûS•d:i o˜L«¹åŲ/Nl^%€%¸è¨i*¬WQ•'~ãáSX«UÔZ:=›áÈ…)•Ç*%H•²s•Tq“Ök)_ ÀÛåæ烉2ü•Ó9•†•#¡ÜÓÈ$“Ýt¡ˆ…à6'ΕŒe¯pXãŸ;çA•ƒò0ãÊ«Ã M^¾¡_BÍ2aßÒuV+LÞ(*w¦.L•G._^ò.z ¦kη¨\ËÑ÷Dv•æm^qðäK–3¸ˆæù•oÜ••~›¬l

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (541 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ΦîYGøŒÂ†BnI£¡<²ÛÜú¤û›-•š/®3ˆGÃè^U¹º U3R5Ö€”b²€n8P×ëUDÒ ž•bXÑñoj¥¼^]5!T‚èS )W…õu4}ùTHà2®°8™>[A¹‚šX½NÈ`Sc¾>ÝÖ6m‚¯c2™KE§¢>u9•.§å²/‘JÃ];fÂ@àjµ²/™òF6d îžàfvªR›á‰SN•E~~ç2\P`Þ”õøsÒì–¨•’SÇ Ve´*)‹–òðYò%áüÈ+*ø¨áJÀ \Še¢ì‚ªG*¼Òg‹¬pçÔÑGwðÅf†ZW¢\ªÃê"û_OŠíJKÜ‚)oq=jVD|'ÏæÒeý#fe1ÒÃgË%žÉ—ÉVòCa·ú›ßä(1*Ð*ú7]‘ñ óÖþ+#H…6¶M¦påFÌ¢ËÆý.Ë°ÛrØ]²‚ð……v±ÏKªaÔî°u©U6»•§°‚È|,Vhi8o}¦ :Æ••&` ½e¸+HM(…ŠTðœÂM£óÀFÛót§®¯A5PÛf£†d}_»!•.NZ•NÅT8Î*㥪¯ìKÍ*ÕšÊqt y”_ÂR_S“©4ãJ†*ЛŠ þ\*l§£^6#`¥Â#MÅÁE ¨”}>Ø$QЃ﯎<¶•‡Bù„5ß‘‘Šý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (542 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•bqÍ K_.ø—ø”˜ª@qSˆ¤Î3·•‚¢'Cк,ÌÎx…}•v•m›O¤‹£píð2¶¼ü÷óÌ¥Ær¨Ç^±.‰¯Y&rwVßX#JŠ½Å]~,Sô¹¯ˆ¾•Y/\•\qÛí¡ €dw:ú‚àËfCaÊe#haª…ÑàÒªæ÷¹h’¥¿¯p¹A»dÏ zƒ²!ŸÐ€nj>#BÕ™ö3ÛˆD•%+++€…•yƼ7Œ¥UbÔeʉëk« -#«gL¦;+²FÊ.F”eW±}rejÊP"\唹±$˜’ùB5€•Ýå˜1NçŵRÞG1Í_~¶©¸ÒòòL¨Â¹_0P¨¢d—Ù·[šRã>H° B§ÌæÛW“ÉT•V•ø•GVÓ-y•K¢¡ÐÚæØw™C™– gÁëAÍf²YQ< ¥•-ƒbiRf•oÉ‚¬¹“»/˃•¬!Üßò*…h¬ìËE&&—\pªjˆÿR N#Á°"É䘵[¥4E•´‹±¥Ž«îÍ;Á´ˆ¸†Ž¸^)O‰ç•÷

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (543 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸y4¥¶ã݈^úvG *w3#z–W~w•’ÞøäÞîU*ªKœ QNmÌo0•§DÈ\½I«äy°ööv:ã!Å꺕˜®>m²]øž¡€ _†.Ó* ˆjü:Òh<‹'£

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (544 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

˜¦èôt´Š%3ùé2;0¦Ê‰2¢²j0ÆùCæ,•&duÒU•]SÕJ•“`Dp••1ÑrPrK‹•_‹ãI_ ,•n…iŸÚQI©×”åæUÕ `…{×® tq?‘‹Ÿ¢ù̵…9YÏŸ…cõ³\ÕÀž'±ódƃº,×he,Žç¹zâK›øÕ$÷hÄÌ»4¾>\úšxýÆBñê|¬×W+N\æE¾£éyÇbZ!d•()‡‡k•gÙà•/¶vaÐ90•U~ÕÅþpØôv³ƒÃ¸vŠ•¥|žE’âNû Ë … «·çc¥jêj!™ž™-Þþýÿò¿~ó›¾3£xT~Þ{Úï¯ÕT|©ç½´R«½÷áŽ{ÿíÉG>Úø(IßYµuæ’-–àü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (545 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÎlÝÒ‚+agÅÅ+4qbl¸Q*¯²Å´ÄyV³f*ºAsœÇiÑT^û a꺃«ÎŽ¥†mÛ„qUL¦ÂR~Å+cúª+]õ%ÕJ²<ïK§*¾|E‰Ý€±3\…k_s~5,‡Fü÷ S+ÔÔD"¥€°ç¬r \…pFU%¬AÄùk„ª”Îa{>Ä¿Tµ•žŸb˜µâgQ“͘Òꬰ8b\eð\e8Äáç[ Z¢È´$šyÂIvòÆhÖ+÷@LÊý‚â‹;'q]˜XZ sbmªôŒÜß1éYù•ß£dSölFUžpä4-Ìæ³(÷ú]€”«ÕÒô^ÿý¥ÐMÔü S%…•îa×x w,•~; ã+¯<ÿÜó¯|¥ëã•ŸüÁ“O>yï³{O~òé‡ï¤UÆ“*ð˜þðÃ4E,¬€Û ÷>yuXl^BiÔŽÐG$9ñôT3¶5ñµe+2Pô•ëwŒh4Ëá‡`0²8¡½åYÁPö•ùzÝÄd‹ŽˆwºŒÍž3w$°ê†X¢\JT±z)YñJp-³P•í«P4°WˆDžª.¾‚OLÔð9¿‚r€¢;m0ËU(TTLB"V«¾õQêr•Â‹¢éËffØëçÓ=ÿ!ôd±¶A¤¾k©,G0fVÌÖ3YAñÙ©(*¢âeB׳U|ú‘åæJ¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (546 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•Ê …Ñ{á騕¥šuû¢wÁkž¹Ÿ2TéGxQ®2›3cóêâLÚŸUÕBW)ßXOÆç”ês1øPëw£»¶ªa¿¢Õ®hí®ŠŽ ’À™qÄm#îÁ¾¾>‹Í>à3šã¿©VãÄiLtrR?z¤áKmÜûüÛ•ü·Y}78j¤ÖmoHz}±;§{ôÓïvÕ•Œ cW 8‹«¶6Ylàþ ßœAû¦Së)€Uaü4 O0;•\#p%ò1aøh¾B2m dQк!¹‹KqãôJ©•,Ð/i©QÆ Ž£[ÓÆ¡ÇBŸ0QH² }hv-C±(ÀE1kÇ>iiK¬ S§I¢p€‡Ew• †‰5\ôU*=ó_„0ô¥)ý i©Ô8Hm—ÆÒY¹nB®•(Îi&mæÍ@ô º•c3!j.‚‡È¨ÊÒxÜBFåð¼,"dGGg’¹bdÔ[‹OOÇJ³^Ù•š‹™l1ûs:È^M\KùÞ-$òqµM$}Š’wp•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (547 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»þrt|ɹÏz¬#Z§†1ÔR r;ÄA°ß>ÀõÎ`E»ÓIGÆa1”Ù-ò•••y(TÖ7°v÷½÷TÐ|VÁ¨;(Z‰v´Ûý^%×\®”³Ë‰}úÂN(ø¥tW(°\[™r¡ëLDÍäºpä‹•ÊìSÌ3}p^èrŠi@'E.Ì7ÓßW^‰Ppž¡Å.ÈKï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (548 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 tíkÇ]ŠnÆUn_Ó!°•öòz•â °…Å«ñÕjµŸô,’kà\›L.òRµP.ÑY=Qö3Çä³Z)³‹;W•è }–À™`_¡ÐWIå„A@F•R…ÝÕè '@«t•……{V‚JŠÛ¹Â..Yu-¾M¸ÎžRªÎ:=6Fcâ%÷{Q(&Ìf¯†/{Dùæès?Wó%CI͹Ӭ¦2>¿¢¦gk)üÅ®ÕRëU_BUƒa¿pGõ¿†%°i^dp¤â¶sË`„{x±…cÄ&Çž\–·¾ìö»N™L>b¬g#"93£(ï}íÓORHtÜqþh£æwk3ƒ•Üo”K••¡jg]Œ#•g•cfMÛ„+Q»Ú*æqÚá‚Z,®XÔ7«V®²ªœèü[•žâ0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (549 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

*ù•sp‹åó]Xðs0Ò ¥- i&¸ü >…•…šØZ¡R©\%8A5J•§\hP•¼cÜ.aŽ}ªRð•YÞ•í«¨¨U(¹Q8cßÛD ǬHÊâ}

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (550 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Íê#åKˆÒ»ÂƒˆÆ¨®x/Ÿ5ù¶¨c4\é½g•u|•O¼üÔ˜¹‰z±ˆ™p%f&¸ÅaÊÌ…v¯f%Bà] 7·ñCz&'Š?/G/´ÅToÖeVÂ#f¤éì;ܹ£ò"Ì¥A$s©Â8w²RØ0©&ÇéI‘°ºÂÇ;у–±ìÊ•OX¹2å X°ºÁ†™ßTü•—Ž¼ü“S/u5÷îÝûìÓ¯}í•Ÿ(”o3Ë~¿ß%g¹¬@uyRÝ®”•Ž¡•YårݪŠy {~×bÞa«4ž=³õ”¢|q¡ak2˜â•MF®GÅÖè[V*…F¡`\

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (551 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂÚÃ1(çã•ÎÁÁû,Š††á“@!*Ï"@ɶŒw8%ríÂÄ2>éiÕ@F#xt¨"N!ýÅ«q“àh`xy1·º%Ì”'Ê¡°„ÄJ耤*IˆSÁDižck9Ì••@>k샕B{Z",Â[M{-¶ÀJ³…Ô/=

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (552 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6q¥Í!O^\šÉ.Ìy‹sªë]- Ù›£‰Ð&¾ŠŸÞ¦:B–ô ×ô}½3ô6¤Å%“½–Šç<ÂÔÔÕµÕ˜OýY"@y•ûGšó7VLƒ¼GkBS–´¢Ã|EèÅÆû•»Ôn_×þýû•ÿäÔþÆÇDÛ¿ÿ½o•û;ÿxï½?]fÛ^‹Iáë1õþ¥H¢Òîr†‚Ä×;Ùܘ3߈÷•MuâãP1´]0À¸1f‚ªDñ¢nZ£p‚'¼7¢ó0í ¯´!®f rrðb¿«á !"ÖzñÔ}^˜À)¤ýç¹fÖ‹6Q•ÂÖ:§Dúƒ7®¼‘ó©1o”@ÅtEnƒùŠ¨/T˜•Á¥tC•ß@>Ç«ÈýJÚÏË{¹º.qÅDGbd«7šuˆÉ ¼×¯•d„™Ð•‹7oÞ¼¾4qÝ;»pãºlAë)Sì°àrg•TÜH9ªö›Y¨zz&¼éT,ÚkW2†>è³¹EO•}^aÓËìƾ]]•Žõú|5é[ô%a7o@`Š%¸–õ á+DMÔ>ÌÁ±Ë*¸T¿Û5v.ˆÂ»Ë5Þej4Ž?þlç³?øÆ7þô•o}û•Ÿn,•ó•_›•Á•¸XFòȪKhl¢

|–ÁA 4ÆN–UˆWm§ˆÕÞ‰ÝZóË¢+ËŠ²jÅ˯šŒ]6kŒ•Áy{¥n4±kIEŒÒC–ð[°c.>•}Á¾ _} =Aɾ`¹0æ„•cÍP3”èZKÃ`¹A¡z/ô™eU(œüRp*"r4%סçBNŒ—¨ŽÆÚJÑh)™c/5hIüžl‹SíˆôJqqÊÌË´¤H”ùVT:¬¤ß?'Âë×Ùíâ•ë·nÞÎn^¿Î'¯_¿)´Ç£ì{„tæȈ"g-,š#ÂI0<úAsWãÓmÆR·‚ýcÜa·f?¥ñL×Öhêêz‡É¸ºJ±ØGÿ©6wØu¹}•þ{"f[`Ú.‡sh˜•Ÿ¸Ð)ÔŽnÅÂN§=<ï2í?~ú'GL]]ßûìë•üüC”UQu&Q

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (553 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ZZç’¦•±K‡•¡¡À¶}làݱ,1lÁŒ ÂÁ„.ögŒÅJ¥yO#§ê<;ÇÒ•A‚ÂÖ•cPË€ÒéQs^ÀÏäs£ƒ•†Ù³ÈÙœ˜‡´‚Žì„aŒûø†Þ0ɪòÔi£Q••SLó /ÔJ xJ±)CJ¼bxQ)ó•••b/jNñCL#¥}‘‘Ö‰Áæ†T³Y÷pï‘ó/=úX½nK…kÞ·Q-6¯ë<®LÁêâí¹›×oÜT2¹&ØeèæÝŸÐÈ™WÓš õ¼Y÷"t:4{"ÊŠÅ•èô–ic5ósO–«²txUÒñ@~ÞØ×Qï•&SÄ|Ž~]mns

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (554 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ú\NÛðœ„\N‹ÓæÂaÎFñ+ü(G¦°ÆÔ–J‰vì?ý“Ÿ¼¼¿ÑñáΕï|훟Ýûä½’ _]ä†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (555 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

šÍ.4u-…,9„ŠçÙÁnì[›³‚[xÌù{.ðóX,‚ ¶pød•‡Èx T0²XlœÿO¤³`Â"ÒßÐP«h‚@åÔïÈiŸæ‘XÛC.{Ó2L¿HØÈWCä>ßxŠwÄÁü±²^©ð±‘.¤i#âqÂ#!ÏWF

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (556 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÄÔá¢Êã_V_ÙŒ¨ôÜ7¯Þjô¡¡ê²fdn¦@•(*“¢Ù•ë|†n9DݤHE€š»=1q“Þ[X˜]˜¸©w”½šÿˆ¹¹Í¦õ]Ïb„¾í;ëW‘Iª)ÿL†kiÜÇQ²ÙxIÙÑ('ÓéÜx"hÝâ+Ì®úé•SÌøõ»,áÄXÈ1Ô•¡ w˜!uÓY§´úì˧O°LûŸüþ¾þ•Ï¿ñù矕¶CÈŽ…pa@•W®••Ö§ÌÎÑ"ëÜÇf¡ªgPYÇ Ö¾öÎNasÍûxí·è ü$Â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (557 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,G@úYIÛG›:”Ý)l‰ƒ`U•F}ì9¬4Ži0³Þô×.EÂUF|¬U)1²ZEãUîÑ舥8¯8‰ÐÉáµ¾•Ä|_€GÂrb¨pÄüàu¬Z®Vg"áÖ.?´pÈ™eÑÙ]XŒs‹P„Þ—3±ÀonRjTÔÛ„•ÛÅÛ·¹/£å¿ÍÉWÒ=OØj¶æ²w:Qöx½3qCt*ïSÕŸÿ\I/£B왕]8³%¡ÔVÕJ£t»<ý-cé4äéísÑSì¿Òï²¹q:d{·ÛêÆ$]ªZZý›Æc/?ýò•Ÿ}öÙ;•O(\}úég•èHÚUa»b“˜r±ªas,HŒ 9œŽ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (558 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 oAáî.%|I½¢€•ôÉ”€OáȧmäíM¸Ú|ý²Xâe³õUKÓO„“,e•ôˆh‘÷"'A¼rœºy}âöò !‹qu{Žh×í™™ÛÅâmyìÜ¢Šf¯6ªa¡,¢¸Ò©J¹s?Ÿ»VØ×6=•Ãˆ’™QÒ¹ôÕü¼/;wµT-u¶å]tt£_I”4-0ÔïJô£‚n)…U²’ã?Ì7¤ÿÝd)?>B‡Âý¼ä¡ÑñÑFG¥ccCÍ-Ê”Œ*÷@Topc@ˆ•´„ÑX ¿•Ó€jh;µVöuR¬ªÃA•möУ••PH«H–E0¦É¤™U" ã;éP'rf¸Õ¿éQ:lk6Û"*É-¶Î8¾E¸°®”R2µ ªÄÍ›XSHpŠ—Wã¼8Žw々AÁ×>Uêv˜¦AÙÎÙ2SbæÙü¶œˆ™ð?¹6áJl^ºŒEÌ=-¬]‹ThyÍ(Š^ p•¦°8Ž`EŠÅðZX¸…÷¼·oßÚ¾ãÑ»·ùëåVª"ÃK» ]p[#èp•òj-’.Ŧ{û®þÍ»>öÁÆ5È÷•>§d–ã©´ÛãÏ »tiž„ÖÛn{¸··7d± •ãöÏOõÎ-®ñyöÐH&MϾb¢×•^mì'„u}ùÌÇŸÝûìCªãÞ§ïmt»x/ ¤|.ÛðàðÀppH‚ù·„Ù1ìì Û£1•+d ÔЉq†œfáBk Á¬qÐ"|y• ¨¦ß•:7¢¤Nð2i'à°(Ž(61l5Ê'EᇠX¦èÂFT÷O„ˆüódt£

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (559 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ç•ÔUÀÝ>°ñJm££P٨ѹo ˜¢—õ5hs¸Ö-)<ÖRjšµî•¸M¨=Kïv6”€z[ÂÊüÅ!ëüïè7º‹LKÀªÎfÜêÁ²ÃHöâÅß]®ZJ¸&Fo3´nÇÛÇggïÞ}üñ½;ŸôÙíɸÏôʳ««]]Ï®L]¦}?öqãÓ¯•~¯ë·ÿåŸ~ó#—[AÓÆíuBcÁKöÁ7XZº0hT•Ä‘†|ÒÀªSsåE(1„Boš„dà*D€bçì!GˆN|ChÞ8‡tsP‹ •DÈ2Ä•v0rzwuµ±ÚUçi/ú"KÚlÎPf¶Âè*Œå

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (560 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(1*¸Z]+•L*9Á‡bÔzmy — µ£P`¿·Âá«!Šô¼§"|ÜÑWöóž d>¿Ë£ÍÒGF$®Z9U+°~©%¿_öl¾„ã†î××bö•‹ZxZ…‹…•B!j…ˆ%âÕ‚ÓÂÂmyóUÜùêãwïÞÚ»÷‰'ö~íà•ví:yôЉãǕܽçÖÝbóÂú³D™y.#ÛW“¼xòqíšZßÚ¶õ+û÷¿øXG•†í°£°Å%Š¡÷

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (561 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

—Þ§‚Ý¡È䥢9È‘hØ9,•]°É¶A[@ЕՕFS½•QÜb¾ZP¦’Xgb©àBìipé|ÍTZgyÞF¥ÚX¯ÔÞ•Õ6(du¨jÇ:Æ5Öè&Î]w“Xu

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (562 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q<6L(iÑ*ãåõðh`ÿ´ˆtg±jÞWMXýòVªÎkoÅõ¯’m H:ŠÑ+©zŸã¥:Þb6[,Þ¸þ»ëo\ä3¡L‡úEñê«·•ÿ8ajÏž=»w£ëã|þõ'ÿðÙ½{÷\ò±ô]t$µ„Ûz{ß²…úÞ¦ì5„1ÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (563 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

—šwÓX!qfë™é}†y˜‡ú(\YBÁ1TQ>¥˜ExÍÄÖ4J}}@Õààà/´'Jðg£khXŒå;Pð.•õmõ|¢ìà…yžþ*™ò%èK¡‹'‚¸‡öt•£ïŽµÒzHzk•¹lÔ:0¤AÑj•!§)Ø*+oB)‹õ3j:…Þ`J

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (564 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 rÀB›ß£9`a¶]Xk•¡9˜þpXié¯%Té¾íbmÈhs–‚u˼FŒÞ‘VC|&¼¾t]§Z7V_½]¼{÷‰»•ïÝ»wÏî=ýô¡O•úé>ýôqºŽ<õÂöÜEV¤Çggææf¯ÍÎgÅ´•FI%Y)”Vµz¦Õ™Ùwã3©mmgÚ;M•<²îrû»]Zlµ‹Ñß4æv¿¶•ýÌÿõÜ?ýÓ+ÿüOÏC€õ_ž|òßøì‘ÆG;yò÷î=ù‡O:>üH×u·•Y††çÛ.¼EO9•å-ÁÁÙ×Ë-ч‘÷•¨qÅ•ç´‹ƒó(yöÍ÷†ˆVY8ßQú"L¬L%•rÀa•Ê©•¡´sžÍî@'8DÙM/]9Âð!‚}G€_Jr&'•<â²Ê&£éƒõBRíh©ªt¬¯CAUmðÆhu¹CP®µ•ò]Æzóõ¨•ÆYbJ€ƒ‡—dÜ—TÓB¬•ÁŒ3q+1d‘vWÒŸƒû•#:¦Ì”ƨz6YÖþë¿Š··ÕŒ*ƒY+‹{Ù{h¶6˜¼~]/`áXø>3•Ûàï7¿‹CññÇ)\Q¬:pàäÑ>}ìØ˧p;`?vì؋ܾóK·ˆ~ïÎÍÎÌÞš•½õλ3·f33)ŠÎéäoÊ~Å_+lÂüå„5•¦j%bÍ_1T·,3¸‡ÑlÅ•ªø}—Ýí´ÿé¹çŸ?õüsÏ=wêôñvýáI‚Òc_^U7Œ¦OîÈŸÝûDÕ6.¢™)¼‡)[Ñ•ˆíÓ±©•/˜•ÎçëÓÑ1ëåW¢!‡pW·Ð-‘vÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (565 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

P‚»šàLg-ð¹% re‹Ölv>Ò9ôRƒ¨Š†¹Uãf*–³¦Æ®Õ2zC+VÇ—Ë•µµÕaéªèÐTÖeÇñÊWX_o@ìgä¾"jð)5/†:Œ>0ø4HĈ³VåËÓ¼¬Z;G‹Wχç¶ô Å•´ºúyYˆY#Öf(ý ¹‘ßëîOP¤¹{kÏNÆ»÷ìÜ{ë1*âTEfñ_¥Ìv—€uð Â!é4áêy\§N½|šÞ%€:L׎ýèàN m•ß½µóÑÝÛ•´cÇ#•l•ô•k×f0Er•#]ˆc/5ýàlÐ9âïödÒõ•[ÛÆ.9H3ÔçÞ%}K®`¯Ûaÿ;gþé~üsÏ=•úø‘üáÉýûÿùÓ½ý[:ï}ýOþà+O~’rÚ‡]blQLÑCo°ÚEº

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (566 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ù)Ä€“‡Bóc}Á}úäé.VgBM1jeŒx÷ccƒŽé1G€bÑ|‚u¢€S¢o^T≕qíÊI±Ì§v§ÂN.g”,\6…-œa ËéHƒùø*'ÂUy1ÀÊë*ᢢ«êh4(%QúÄzÁB*É…^°›•{î£Uضr\ #P:]LIÃbÒ—ÄZ8Þ•Ä¥s©E5•.gI¬kïÝ•û·[_ztûŽÇ^xñ…Gv=¶k×®ƒ_š¥£Âl&cͺ»í.k·ËE˦Kù©Þù@Ø%×Çë1ë¾³_PP%ò¯œzY ëùSÇŽü˜Þ<ÿܳ••M¦•>»÷qã‘ ¿•‘žXÍLÛ¥.ûÐ%7WµX…Ü`0œGI!°õ\(6†#•ÅÌP_Ìoí%ÞnA&¤“±i+<ö[ðø„…O~íùŽ°V@ãS~ˆWqqO•î.b’ÝG±ŒåCÜk°%-•\`f¹±j¢Cáj¼Z!P¬ÔB£J´•î\]«ÂݨPh”«q Nˆèç÷ª‚æ«Ø»Äê±Í·RIr1µ¸HÌü>µˆyŠÅd*IgH°1%›Utx·¶t µÐµ¹!¸˜þш–üæÄ<4§Øæ#Qzbzu•ðjθ:€ëàž•wùXÞ¾÷Àѧ: Ö~âé—é‰%h•:%ãE•Ó`['=yòÐSDºŽ¿¸kÇ£·óžØ¹}ÇŽí"x½têÈþÇ~ô£ïn,_S`•Äâ«õJ$›ŽÚÚ.ôÙÜW@•kPT¸mãó§Oÿ䔼(Ò_b[£±V{occ½ëƒB¸;8ÖÛk±éв££C7HT¢ùìj⪾P`ºí-,ÊŸ¡Np$ë+

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (567 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´’¹t5(ó#(q.Ôlü!…9ÚÇeQÕLrÓFÙN»}Ü ,-.[òÑ· ‹Z„Ö"ä°†Î_‚OveL%V“*KÔ×+8®ñÈT®Vù( ùU5nâCe‰õì*?`Ty"ŒïUøVÜÇÎU•æˆèÃf

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (568 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

óáÌß =“J4Êæ]ÅOÆ•¸žx|/¿½Í¯{ÐîÞ½ûÀÑ“‡~H"\á¢@EØ°ŽQ>´ž:LQeˆ#G^`wsÄrëŸs»X3ŠÂÜwÙƒ¯œ&`²NŸfh½üòóí†ösÑ|ã£õRµê°9)ġܼ]×í¶¿å°

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (569 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

P´ã^œÖsq¢ Å¢ôh/ˆyï9†•s¬7Ài*P¾0JPpÄè-BZ'ß}xH#ëX‡Å‚ÈpO’>4]ª•1-TÇáÖŸô…•ÃbvQŒ y…(µ;åD•Õ1¢•\!‚EÜ•¾tµ¡./¿÷.Ô„ÉBǺÐa¡ÂPb€U™•A5¹N©ÖÄS:} ÅFœkbÍeš÷âPdãí—Ðئ˅š¢’ÍjN3)èÓâÕ $jžbZÎصæO³>ŒÔÝ}âÖG•g¿ô%•LxàÀѧO•~úô±ã/•:Òþ2@†§—€u‚^ðæÄ¡Ã'~áÅýGöï?B`zñð•Ý{ïîÝ}xÿþwÜ>{ëÖšbŽh±ˆ/ës¦°•••mÌiÓ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (570 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

E³…‚—´³•ìȸû ‹.®—O?׶åÂ…-[¶D)¯ô9PãJ•ÙZx»ÍòÛ_Ðí€b ÌlB·2<ì ÷…dßÏpŸeˆëê”þèΕk(Võ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (571 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ZúèHiy«¹ò e†!·sðáÎ^Ø·X€ƒ(ª•P¯Ý&¾MD À ‡í,+D–”-h±Š×é¤C£p«•TeâS)D+úúµB ×a§"¤ïe¢Y¼~ÊRµ†–R˜ô8…•Î fp¾£ÖF3¼ï™·Œe˜³³ÊLš²"…Dö#£Œˆ®ˆœ•€Eƒ˜£—öžl}0ææ kÏ/[”VVO–€ ó†÷ß_(î½õÄ—vîüÚîÝ;÷ÐÍwîÞ¹wï^ `·EË™•uwÏA X?D‰iáé4Žƒ‚a¶p@¨¸ñÔÑ“GÞµcǮÇŸ:rŒ‚Ú•<¸k׋GŽÙÿÂc•íØQËq•ÊeÓb“õíˆ'WŠµM•…ÄÌ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (572 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

:œô™X/ê[oµÊ•[•a"QˆNÜ•)PÐIVÖת•ÕÕê•Uâ8¢dAŒãê•l<ÛÃÂÚ_ô«¼^b*ú€Êß*Y•ßá>a²Âc‚¬¸b

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (573 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²UaôÔ–ùÂú¥å™å4oçU„«á •J ì~û,s@aF+qmÕ£Ý(q¤ÔCÔ/ad-Aõ«&Óûy W¿{ÿý›«ÄuU«¯.4Ë£ô•"BÖÞ=ž>}ôÀO=wì8øA§C$ÁÓc\z•-¼óÔStP|a׎ƒ;wøÝyì‘^``ñeê OÙ4“ö(2›=žx”Ø–E+o6·%A¬GÐèþñOZ®ç•NÊ$6d‡mŒÄÃ]ÂújÀ6| ņá7„úŠ;¾ ìT„J§ÃÑ~nÐ!ªR¼ß”ó÷ûú~+•0„óm©2vrùŠ“ªÖKæö¥4t•¡ æç•m•€Ué h™ºL l„ÀðhYÌó8šˆ¤•D ˜H”S©*Ác-Ε)¬Jò;>ú®)Ø)K¬èã‚DE••’á _Yÿ"Ø´jô(0ªYzU–3Ø*5 Z؆·L€Cl[浩ØQom^<]h•Œl–AhÇÇ_q…ô¾®âyæí¿Cë}^C‰‹nå=ÁÜ¿J¸ºK¸:x’¸û©ç^>qèÄéÓ‡ŽžxñÄÓÇŽ=Íø’XÂáðøéÓǵëć޵kû£Û·oÿÛ•>úá•£‹Räþ÷›âÝnáÓ!º8â‚‘mΕ:w.àäˆFx²žxšÕê•sª «S«vœå].,æS}nw€ø?½×gßA •î’ͦI ¤æŽYN :F‰00էንå’p(ÄÞkCbž‹#œÆ¸¹Ð>$d ,@}ƒÏ›v{ikOÃZH‡ÕBG•†iµa2•R4óxåH•kîYrÙË|¼6‰÷½U BÂÇ¢d_¥RÁ 2Ö‡V„ߪí©l+Ôëq ,ðä|•òE®ïªD”"hQXš™Øš™Y¨°Á3“IóWÓo¤Ø'ð¶t”b•¸æzÐ ,}«N‹ðO”O/6/ ëw\tǵô¾,¯GmôÄÉ£§Ÿ¦ƒß¡ã/Ÿ8qìÐ!äETàÀŽl•n½¬£ëØüÉ“;è$øî»ï¼ó¥G7vìرýÕ½ðäcë¹ÍÅÚù‚÷%Ýrá\>o•_0´M….¹Ä:Z=a&Ö)º=ÕHæCb•¨[ùú“bÆËþWØrIT&Éâö•m@¸Ù›Ç1_ç…©¶ó,_àSß ‡/•,'q¬a»“ÔÐ j2r9}€}O]q,3+…D×ø¹ SÌaqÚ•á$Ó•lg ®®¯–‰ß£ š`ªØj W g €SWÕ*.WÅÀs•³£Ïð*Ká© Û ª«\¤Pµíá\®X£e*US„-öÖ"àP–UJ™Ëį”TjQUýbOÅFÕW®à¹È¡Ùj”Jo \ý”!õÿJhaŠâúÅf^¶sÀ°öìÞyðä¡UN}úÄQ”¬?~ˆH׉2³ºŽ•>öÊà]§hè÷•êÅÃ')fmß±}ûÆÆÆ;ï<º}ו5Æ%®4p5kôO°vù•c†-[ˆ™[}}}•a»Ãiw¥~Ì…†çž•Éص¯íæ,NŸ•ï•”8ùÉÐ6ôÆÀ¥KµOºÐ¸C„¥I„•áXÛÔT[Û…Þ>®Àcl‹'ˆ¹–°.À‰;ÜÄÆåÎÞ€•….‚{k¥!Zp^Ú¬ÒÃ*y A³W ¬oó•1ÖU.•Æy¾+•°8œ´í`Pˆvж-sØé=ï\¤áêìh§A¸TAÞ•4¢õËh¦‰´Ï aKÁ)U¡# ’áXEh#ŠE9•©Ÿsð:p{D+ñm³¨Ì2RýR‡ðôK•«®~¥Uäéõ§t]¼ÿâxµ¤áŠ8Wññ½÷ìÙCyðäÑ£œ^¡è‹ŒxÖ§ëÓ›Îçá6Ü—OäMÇ•rêù—ž}¥³³žçÕ´îô½?}ëÓ{>HEÅ®] °l—Xæ4 ÙÕðNc„GâÂ…©•S[YY£ ;š×•Ó1ˆ*¹V®âød‰3 ¨¥óÉnH~ž2ãp«`]®´ÀÖ?0+.9Pb$Ún_L¢<^FnŒ¯¢F

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (574 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

R•…¨va¦M»¯(kKR]¶nÍc©3•+ •œeÒ“u+•gå—ù%½ŒüFp62XS½œ*§è}Ê‹ø‚4[xd(l)µÜ@–YfCîýŠgSÌ"8õhbºgÞ,§‘h’°ú>ð¯?•Wªnüîú&`•Ë?¾w÷î={w‹²éI¼ìÞ»óÀ¡ã‡cG•"r¡¾p‚!tšÐ„¨¥•ä_ænÏ‘_8´ë$¥Äß}tc}•£cã]Eñ³m½ô³roYÚI•ü…þÿJ1ôZKqÓ‹'Ž<ûì—÷•Ùz!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (575 of 1076) [12/16/1999 11:39:19 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,Ù?úÓßñÖÜ1(K ˆ\8ΕI¾âxºbm[ Y˜Bm;ž…*8Í\¦âù:¶ÑYqØ9èpj¸’3"€ñRf•=¨u ùÞ•ø"Èò–Øè–8†m•°–$^â„ÈÀò•a•‰Y6^àcïf±;LÜ͵–-é]hòÉOÂJÏ¢èº4lá0X[Vk(:¼CÁ¬‚j(H;Ý`9:ó«åeÙ¯ÖTNŠ6ÿokŠÀ‘‘gEÔú•ÖBìýWçe¼¬šÀº.q%©ûMîÞ~|ÏÈev8°ûä ʙû>pò$Q¨C'žBÐzQ²x-Ñí‘ëÔ©c/ÒõÂ/ìÚµccãÝwÞ•]ÃùU¥Y¥y•{`³½?§Ä×\îÎü,§¤Õ¤Z‹›ˆ¨Ü¹Óõå/wùüŸîùèûßúÚ‡÷*n—ÛÕlàˆá«áAÕB½o

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (576 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

£/8ì8×û[A§Ú.L]®¶Àƨ# 9Xî#HÑÑø,”}-CMÜèáËÉÁI«ž#ɾ!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (577 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¦Ã›°5Œ‘ .%`²Ë••Í¥R•ócØ!F²ªevwøF8† Uàóáq©r§c°Í¦ <€.i=„p“ªáî2j† úÄÛ„ß•1éÜrcfF-ø”á¦=—]Fjdÿ¢´œôôdxÂ>ãϹ=Ôà)teáã)ì•"E”ø敾"«_ýêW³t\ý´Y÷Q,0,ÈEÑ'ܽûÀABו=;é|H

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (578 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

;zôðÉ]D¹è®Èˆ'(n£xL„¬çO‰¢\¸C‡Ñ4|äo·wlà×B Ȫ•EºOÛ'.•y4ë§ßí@*§ú¯¥è—mv{|í•ßþSΤîÚ¾ý•ï}ç¿~çû‹•ÿ×Z´²ôs=”Ó–%r‚h)úí„«•Ääü…¶©±`@(c¶NswGfð%Ôgqêp’LÝ24¬A¨‰£7l6=x½a—Tž®!]qÌK•¹ÎŸ²³(ã¨0¸Á"^þ°MD+Š\¬rOJºžªˆ•p)•KÁÅ$ÇÖ2X Z,¿BÙ*•¸ŒúÕÌ2

³O×p†¬ÁDUŶå T'ŠDUD"Ëãñc5}V3Ã*òv/•ÏlÖ{ÎôÏ5üRG¥B=^ÝŸ ¥zf©X\Ý»w/::')î&\áîáÃÀN>uò0"•x½¶(r§çy©•8uŒ ‡•uøðþýOi¸Ä:³~·&–éoyÛ¢¼²bû ŶE˜I·„ý×ÖLßÿÇÿÖ5p{6¾A°ú‡?ÿå/ßiØØÖOÖ%Ûà°›‰´† ôx††ß"\Í÷æ W®¶´!dÁ9¦·/à€ša¾ó\HèE‡ o

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (579 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ç,N1T3,«VËìb#lΡˣ—±Ä[{ÐòÆ€˜YßhåòÎp äÑ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (580 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŠIÎöì†x%*/Ú@¾³ñ•ÝžS»S\dMU’rðTZ¦if|ª°Ã"&–…ÀÓ¬c©(cÁž><헸ʚJ³§v†BÚ²o‹/è{°ëjì¼l‚¥äpN3‹¡ÐsíÓ«uv„žÏïÁœC+Ýú×q%ìe°–°„\FÖG.dÕȉ{vo?pòG„®€òýÐ!X±NÓëK/•’ºŽY/;þ„ûéå ³Š›_5=$X‰ã!ý3XÚƒ•ž‹ÙÓ•~óÛßùÞ÷ï}úÇïý×ÿþ÷•þºþþTCm:´\(Šb8µ™¯ÀŠ,AË E®•SSS¶hñªí°,‹¦mDmÔ1hÅ¢P2ˆB©¼lt/4¤}Ûùs½çÞBܲqýü $@Û`hØ6ÿœ¾•–áÐ ¬Ÿ‰QAtas$fíÃÞéßäÔìæm"…[ê"vÌól³V±b?¢š<üQXJËTÆPªñ›ô5„¯ ÷ƒÀÝéó3™eÔÞ-T“…rafv†=÷ˆZ¤°æ•Œé4/rŠ°©¨Ÿ=Û2³·¹.UF'YX—î2æb»*#ÅMŒ«çüâÕE¹´™õ£×õ*#«Xä"éwï>±Ü}çö]÷ìÞE$ëGDºNž<ñ÷žé:Žª©•BÎò¼Äש;N<ë0%ÔߣJ¸nÿõkÄÚ?B17â‚Ô½ø?¿ûç¿üùïÿáþáÏ•þ•ï~÷»ÿñÝ¿Sú=ø•— PfBÛ%Àê•K¢ëŒÂ•“žÑÁAK \µI\mÅÛ©Þ^³p…B<5•¢VO1kböa;S)[ wPÖÁlÃŽüü/~ñÖà•#$>QˆJœûÏ— 8C˜ BQ|Î.³¤KÈxN0*"ré¡Ä"»EØü§d%”R,µÂ=eN{ ÝRÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (581 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

àµüÝMZj•å8<)•©3×*e´ˆ–Ù¯{.ƒÃ£rÍWʧ25-—Ãe1H•QEË{^n?‹Ï[/sqΣpŸYŽféÈcLý?/>• o\—Aëý%MóþUZ\¦¸µóàî•ÛlßÎgDN8ôÔ!ž……RM

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (582 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(וétøÔcë9•ëNëåvÿ‹~W[دÓF"~#ÿþÿ 0ý…òß_þòw•÷ïßýîß}ÿÉ|ÿ•/¡¶`ÃV€¦u» ãô"Xýö•áa Aè,Œ+®¶‚¾OMO÷öŽqÈê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (583 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†í[ú‚!‡EfDmJP˜<Ø0+o—s¥Îö}–·}m[úšzw„FñSmÃAÈ—ŸÓ8˜Nì]—A61JË™ÐewˆŠ_‹bÒvø…jÙ•RbM«WhÀÔ8Š<¸œV×Ê…Ú2h;—×3„7Ôb5 V­² ”–ŠJaM¥/Ìd¥•¨æº–°:Þ™)•a¶PPPS„' +G±²ÎÊ‚†f¼z f ÍûÍ¥f…”K2#Z–ÞºE~Ïž•È•Û·³^ùQ®Ã»Nz‘‚Ö1†–F°NQZäû/9²¿ìj¶7á«UˆLs·\üÀ‘b&å¨ÝþŸÿ•é›•÷÷ßù?¿÷½ÿþïÿþ•?}þù·ÿG'›ü¹ÑqFåê’MƬK<˜:äà3”/ŽÄ4ÁŠáD°š¢xµeË–SÓ½çÀß•ÀXplRdÈ–¹C=(ÛÌìæÁÕU»Ln•-ç(P9ƒÓ¿e6Ø‚-Aâ…öo¬ï-æöooºÞÐ(¿¶º€på#ªÐÝŒû䳚”.Ç‚Sq=TT®Ò‚¸§¸%²âµZ¥²,öÌ¢ü©péFݵz8œk"À¥Ó©ô2›ÃgÒðÄÞX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (584 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

O€ÊåL¬gðæŽY>O¬š•ÀFúг¼²••÷ÓÖ«¥Ú ö›\ÿÿ»ÖØ6Ïël]Ë H"N%!E‹!kš0¤sº%VÕxA‹ù‡IgCi‘ù3`ðo)•0Éâ%•ü‡âu¢ø‰¢ui,Á”MÙE:6))¶a8¢;ÛrSä6À‰Ü¤:`ösïsÎ{û(zèg‰¤.N,êásžóœóžÓd½#jh)d[" ŠË×Óó“ŸxŽÿ»c]Ç€.Š‰¿€zÇÛ¯,•wÞyë•_>ñëëÆ®jB– ¬@À…,’‰õ?Üþꇕõ—ßüסC‡þûٕߪñsQ>¯u;ÁIm í.×-A:•’Vó"܇ }눃x´ºš™Í•DètªÐ÷Q99Mðñ¸<—]<žˆŒD}TöϸNÎY‚'eœ4„f•€wzuœÜòµóXOˆT°ŒbóU=•Ýºî•¥M°ÎD†ˆ(4×:ˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (585 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

à.²9òÚ„gÅÒ XÃ!õb•£•æ,w.Ðr±°•b3ÁnC«ñ°h¸_5‘Ý”ÝW6®N퉄7%e²–-h54´°Ä[ Ъ׽?ý©·ÇÛãñ¼öZOˆ‹‘õ³t™ Þú寤Žq½õæo®žM›$0¡Qä”ùĸ•®l£rû«þü¥—ýϳ[Ž,IÛƒ–WŒ¬•¯•ô•z€+•!´n!bn-#,ŸEƒrŽNÐÑiH³˜+6D©IOÁïáxŠÁKˆò3Ää‡ä•¶9~ÈfÚ·âÌ‚h3mqäsÔihYYðÿê?^xñ•6ÙÓrtLHn‡3–žTÄ&7ŠFÏunwäóDXû†·WÛ”Òêèh¹<º2P•³¨M4"gˆÚ*.YP5áu%Å4¨d¯VnEóêËq5ÖO$ü_Ѫ0í„x%'¦•0O]W9}ò$|«ëd]áfÝ\[d…‚ª€£B‘Bé(÷V"Òú.#±9Bè$Ú2'÷ª.,Ž] Hˆ6?<ØXÊJ¢ššpˆæéX~•[™²øû`a5Ç›’°n¸ +chZ‹•eÀåõùЈ³¬Gû<ÇŽõ übàçâýg'Ž ëõ#•#I&*ju•üêfàƒe‡ÃÍ%ùÏ¿}åßä2°´™öÁ?°=ª(.“2œYNE.WíDS•Ot‰”•-Rh.òdfÚ=]áþ™˜ÅYRÄÃTiJZAÕàŲO

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (586 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"·² ‡ñ&å¦Ì1ˆÐ Ö¢þ‡h‹fYRqc§Ê'OòÞ l@;)÷¾‚Y¶¤ºº¶–€šÍb•zª ¼¬R$€0¬ÔVT †äV-]¹v–G8`tâXV¦ïg/ðV§¥¬ƒýlS‹cWÚiÇÒ9kpÕ• ó•û:Õ$ß5²nÈr!Íš1•²"⮹ê[^¢-ßkÇ•{|è¿:v¼»ïhßÑ£}}GNœøù‘ƒ¥ƒ£½êÊ•°èº•©àœã÷ž+“QE¯mÍWOz–ž,ƒ#YÓäxÞgáX]:ÐÞ&Ç×BÈwˆ92;šËÁÏ‚ã úG™²$Â$<¸þ¬ìvé PHDqtdŽÊ=Ó¹9ûïHÁ–ÓÞÂ(ü &›Ö&º^8îú•K î!'$û¤µE]UBÁß[/È–4Šnnr2XRk—6Ê¿.;<ËaF«³8‡Ï-xŠµÐ[ܺ¸DMLLð¾Rš \½••Ñ¥}Ìå·¨šb!•¿iyïàGìóß²qÅÎŽ=tyqØ똯LJËãó½v¬»O\¯¼ù+å\5qíBu&-P…”ç‰3•æ«N ñÕ³w¬'7•ófTÃ\ŽWš¦–•?CÚ'µriu•…{ÇÃí¤…òm_[ûjdÖÈììRïôrT;g|8DïgœÈèÇÓ0À¥á!E#¤Õ“ç£J«ë,•¨ì«qEl-C•Ad.ýä6–8–ï\Ý¢Fö«å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (587 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D»âÕw„ Û*AW…õ IX¼j'+¾S•ˆÄâU,nÀVwÒX@ÕzcÐv¦š²•ß£gƮʞ—ßÎ ¬Ü2KÅÂr–Ãþdš¨«ÊR~!±ÄbK€K\>ߎÀ˜§ÛÓ}üèGN¼ýÖçâ%"·$=Æ•´¹Ëý:ªÍØÉVýŸO¤ˆ Âük¡]–غLŠ_«ö²ÀVI„@`#rI üôj×»,ßIÁ³zÎÆ¢Äpe%7z†SÃTÊÆUTvº+©ÕâÒN?é.—íOa0©¤z˜c_P“+™£ÎÓ!çO¸à+Jè®|º^\ºÎZ*l•—6¸À³VÞ*Òú‘M’[¼“’K\(”˼

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (588 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ì:•Å<{v}êúY´Œ&@bBoQ#Ÿ © &+j–™PSC&è#ýyÕ›¼W¶kºIÊ]‡ÂÊqX^æ`X‘øÚ‰¹Xh‹x/½¾šÀÚúºŽôõ½yä¼v9•6`–⨄+û˜ªb¤PÓÓ\ýꛯ“ÄFû襤eÎÁ`8ê&Ë•†`…ajO•‰Ä„ê®Dl•—ü…¶}òm„"?¼xq5?¸ºŠÄ•ÏægE(•¤a2Q.ã÷KÖ2•}j1•‘9iù3;á.(G¾á5`øÊ¡¡•Íâ'“¬õ8„‰§'K†æ=ô4ÐV&¾)—ïÞá#8d›²ÒÌKÞxÏ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (589 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 mÌv}½|•Ñ…Éî5ÈÌЖêæCWŸškĈšà¶Q‚7ûî¼ZájOAç¦%ßoè¡3Ë„-0–¸md\À’a±*9«N+ Úª lá”N÷ëé¬iåyDÎœßâª@€›³ì3õ¡d*–l

‰Ý矙 Q<;‹!m…ÆW‰¿Õ¨²'ÑT‹årÑÔd‹R>¨xŠ>ú*•ëÑ£'.vvÁÌÊAbÍå0yŽt

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (590 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 j•v-bO:•é}Qw¸+•é›1•0NP@ÔÅÁN}pª¹H¸X7è‚›%X«‰´2-x‚«Tg|a H±&t–ÇS+¬ñ&!®ô\²U<œœD_ugMÍ•ˆ˜ »•U}îÇŸò|¾ L©¤i‹ŠPVñ‡|'Š•1ŒžE§]!IÝ3s _|ôù3Ï|~¿×HŽÓÂÑÑ9 -•¬HÛp4Å|å‡Úr»¡Ê·ÒЀžÃ)‹8ýÿãQ•<6;ˆêŽ,¨Xm]JN>6êÃpÄ7”ÓY¾wõœÎ•%.É1‹eëê•ÙW{"0c¯J«G9dšðfÖ³¬[¹w[úÅÓš ˜(a¥pÕ‚©$¦\nà uñ|[3<‰ ÈšoÆÖ.£‹I‹‚"|•%MVêv²É5Õ‡Ê9t >©T-¹Uüã᧯8LWAdTAÚ‰Eçº,ñ“¢&„x$—oW°R—ò°ï~öÙS•Þ§ùX0I¥ã°Bè&]a4á-*ã¡ë¢OÁe·ôºqý§S+²[•ÜÀߦ' ˆvèk&+wy‹V•SÃ'êƒ[°Ùá¡CKD\/в$Hb¹b93†PGõ~®gßY‰ëÍÚ9æ•Ð墕1É^ò8A¾ý¤Rùä”ÔëÍàÒ«Ÿaa•ŽìŸ¹•ˆxCŠ•ŒWc^@+“i‚Á«Nkì¶6Kpè–ÇšcÉ5¥h•¸‰t’EÖ¸u~Ç<¯Åo~ôí'Õvði«0 ÷d\Wãôï;Ń•.ï••†Ö¥ßß)?xj›æ¸d•h++J\ÅT‡ˆ•Q6dDùuÙÈ¢e¾rY¥@×\Ìx좨™ä¶ütZö»¶¾xèÔôI‰+G¤p°8',€¨Êå³›%è«õ•BI/´áM˜3;f#ÉåH'g*R¸2±lÂ’œ%™Î‰« i9|k—f1Tn•rs¯¿`AÚÊh]}¢HKFlÑVV )ñ“¸cbI•°ŠQQ¹D•P–´ªÓVb°]•Úó/¿òí»:„P*ÈŠª+ª•“ÉŠ`qî¢WMÀкxwÿþGÛ«y,ÒíF—CN!‹³ä•uù9h~Öò$¹âvªˆN† ñâ‹4ƒ[HûT.ŸŽè:aP|JÅÄôca%·£ãð¡J<›Tq•×P¾sgksû`˜³ÊÚ¬Ž™-Ió™e6»¸Gr˜ª=¿“ÄdR‹Fe•I‘¥NVLèœp‚Î aÔ[ï•ò•ZAF ]nX}b4@%}Rˆ,IZ•ŠL3ĵó‰x‘4Ц¡la•«>‘ª~¦q *Ó(*‘6Ioú‡×Ã]Åo^~ùÇwÉYLª\PJ*éWegÓ¶©µ}_hík»ÿè!YïX°VG9RUG"+‚CõssÚÕ"ÝNêËï·õßfØV³yÅ̹ÑX27GÉ~’ØÒùa+à~ÈòxÁRW¯ -»—¡¸6…ì(V%WU–ån7ša¬èÊʹ Äd*eÕ¢+ÊÐœRU&\Ó…¡÷OÝ9^¥‚•2ÄPm€»y¹¸J.ѹɈ²dÖ²@•_•,3eqH¶PP[󒶪Ê=%Ú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (591 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

˜¶*EFŒ‚•ù‚&1ljÇÍ÷îqà•üþK?:%)y—Ð2iYœ½rŽƒ+•B“K•a/°ÚÛ¨ÝÙ9ˆfå.¬Ùœlo HEyï8ÇEWà‹}Q-·lmfX1•BNÁy@›"dé+} Ržý¬$•†ûS®@VÃRùJ9Ë>Ñö‰Wpq³ªb «+)Û‡HM“\M¨h•*ã5H«jùÅ > FКYÂñ‹nÐðc誋®—ÉK¡ •@e7R•WË*2o‰{

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (592 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•”Ï€³˜¯ZXY!û «ÕîW.ñDˆøÇ[þ”NÚ/þÂ8µc•“Ž·žTÈÜ@ý{/ú:®Â¯†^øá …+ãhW·ºòùvFVë`Ø6<²º½Ý¹šÏw]À™ÓÀ¢‡˜ ˆ‘¿‚m|eddnNCqŠ4•…¥@ꊙJN‡§fG¢]¨9û•ž‰ü sµtáÎ:¹ê›¥¥•5Ù‘©°QØ´×Êå¤Píòy•jºÖŠ“òÉTÎûôTnyöYEÉX›J£w·TëÞ©—J»ÕÉÛ®xÜ@œšŠ›Z\Ë·o(dÝæDƒÐ•a\ᦑQÈâóèĸR•ÌýãèAîêkãã®—•Â“yÌ‘WØ;›•øß¿>Ïu@Hv«ÊËš{¯X—;ò¸†[ã •3o¼ti»«M:W;†‡G¤•%=,X£LX" B¯Ó¹Ä¹\ÌW•€gÔL±1*[bBðIÓ©QLŽ¼œŠÇÒÈ9B´3 ® g‡oéÇ.|e…D¿žE!™`…@¨ªÛ°â08´@'•á{´þMˆ+îØâJi)iŒ±*Ѧy|‘*„DH•j¯HÕú½=Ç<;5ŒÎFP¬–vK»•^o½$"£ü´n'DÑÊÞÛHia!/•fiE.+—k\5¸ÆÆéUåmInj’â\È"®I)»Ä§Ò&Òslª†Nv÷û/þ»£aWÕÄt«°ðŽD.å;èÏðp+ñºê|âÉKØV/mw \ Žp³Ÿ£+gˆ¾ææ"£#"Eô§„~311æw¡‹£1GgDEÍZˆwѪž©Ì•Kóç’"0cËI«ŸÔæ+ud<@ú={!˽Ãjê5eJ W³œm3W§çVx•vË+=(••OÓk/T™Ö• iŒVn7è”

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (593 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ò4‹ûû½µbƒ€!¢a¯×ãÀM±]6–ä+àµlñÕ²ÒYZÇÛKVi)æ3º›¯Ì«EÒr(Ì!qœ”ºõõ¤ÄU(l‚ zz‹ßý³Ã?UM1v[ oÓ’‘P ÞÖ—´·ÞWEìD ììÊÓÖace)ƒé¨?²"H΃QÄÚAȨòK„ÅtMgÚ/•†©“ÖÂT4Én»ÂK(==;:jvL›µÇÖÊfy3ÁJ‹w}«((`•àÕ<-1%ƒC2.óÁÅÁ™=ÄVñºv¨£ãix†¾ª4vKut~–ú½"þ•zwë´‡°„¼®ºç©T¯•Ðweña Ñpyyù¶ZiXÁŸŒ«ÎSiBÖÇ¥Ú÷àjœr]Nþ€¬ õ%˜o!`…B-:œ/¿9ÊR+ÖÂWJa‘n?×ÕµÝÙÕµŠ]¼í-l,ÜçóÀUû0:K)dZ±•iËåʵ‹w¿Ée•„IeöWM£ô„$Q—†´ÀHÉèhŠ‰KV(":²GÃi•4BY‚ê5T•aD‘ŒŸ—K(å‹|æñÏ?]¼`›“BDCrág

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (594 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

®¨P¨ÐÕpz+âDÔ@òöô{<ýõ’×KÍSâ¦æÝmÀíhÈ„®º[/Ñü²+'pD Ë”T)ºRA‘víذ½•Í—ëì¼* ƃ°BA1",©)ăqŠ†Ë ÕÈBüp6ž{ñÐw®PC–: ª€•¢Y¡„«•;¸•`{ûÀ•®W[Y$ÝW•µ·]«2eÉ"¡Ž†ê.*»güþ¨jq§Ê Ž³ÂZçB¢É5}QW_œ°Ã–;JÏô£8ÖE]Ü‘¥„XŒXPŸ–”#¿tЕ}BypT-‘7Â]©öWÂvBɆ—uœ•ª;]fn1ú•çÖV0Wt·Ôß#ˆ©ßëëñro‹§ˆ•ƒuo©T)#ï /–Šž¾¾È‹eH\A¿Sq=š¡Å2RÃÏgÔíÐüXÂ4]8-XÀ²|-•qýÌ1¼¸'Y Î`KABKÏ>ÿâ_•çJÒI«©úd27çç.b=üýûÞÚ©í1ÈS1_ Ò!V|#[Y•Å¬QÙœ‰0{ÅSsjЕKl©‘z·’T*„ž2• ŽPÄR4•P¼ÅWâMteñV[¼ÀYUùm62•0!Ôb©„ÎéC¥Ü¹j(¾È:}Q·È°á@o‹”!ÒgO{|µ•FЊ€W½ÞÛ¨ûúwëýÔ…€¢Lµ»{Í[ô¢¨·¶A¦&(•æß·•§(þÑ´P•ù

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (595 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!°¢uî2*;´Xkìÿ=…:¹ÇS™°Êø’O%S—–ï*0 l|÷‡?8üô”Ãë--ÒRFC*uîÒ•»O=úíïž<øði^Þ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (596 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

WyÈõaòGóüXPÖ,VœD-0ŠRù9jXË´Ðh‚²b£%¶¨Ú ³4ˆ\ƒJij$Q›ƒ£áú=TJŸÁf‘•ëÊR/q‘™«:ÏúÊ•—Ç’I-ùT &eÀg1•¼<ë ofѴʘ81´ZÔ›WOÿ‹¯æ•yvvv ¥b½Ê;á½ÕR‚Jd‚(øùº?Û_«Õ …5q6ÖÖ7ˆ`±ŽÐS¬{»w¼Ý¾’&iu¢ªeKj)æUŠ1344?ƒWEB™º*&:¡xˆcœôë¬íKð•Æ \ãF„•Ói¡zöƒ"v,í¾ðƒWþ+uœØÁ0&Ñ puën•öŃýO=zò๓~/°$?+óÃdxík“VVÊ8X)¦©¨ìvàhè.E“ô²ú³l¾BÓ)9¹Ü> Û•ŽÓ2i9úΙÎŤ¶Ò\æ8êë.X9Ktê•âüXÕrèÕ½<–°0Õ:•Âö˜´sþãä¹t:p啤U7{£ªnCW"0¡Dûû~XÛùÇ5o½ßëÝÙïñìÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (597 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

EÆLµŽ@x•”VÍçé~°³ÿÞ?Ä·¬=Ø$7OÍ%oÉÛ××íÅNhüŠ’X,àIÁ+®â@84– T¹¯p8ò‡àµCãnkT|8Î'Tª`PºV_YÖs•t6Ÿû‹WþþÖ”‹•hZ”ç.¤îîôÖ¿¬=øbÿïŸzòÀ«ïÊPØ„®6ÙóžïÈ£TØNsÄ·p,Ô¤‰ãA†G?W i_¡‹±”ýVÍËÒt@]•!UÅGá Æ•ÔâçL†©™ß"±=l%à³ä8pJh|Q4Ä{@ÎïI»•¼ÖÅ•$r.’N•^¾ÕÖq~ÅqRN{[dAŸíâ)§Ý¢ê´\{ùá‡ï÷–ÖÖj¸¼k;>Ï{ïí•àñì•ïÞÚÆ?㟄\

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (598 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

X‰w•••÷Ö• Ÿ¯V¬¢çEPWoµî\W-Ö¼>O Ešê<·cHÍ^ɸ®¡™fq…‹Õ»ô¨ €)ÒéDW¤à®\' Çu.êW·Ð¾_>÷òá¿ù•éÎTóø WŸw}õýÜõù>?¸ÝA§&ö5•uÔA

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (599 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ðV¾³³£••Ïê´íf`a¨ùí+š·¬Kv<¨Fø¦žõIyGR–ÀU˜šQ)T½dI ¼ªdHlû\„•Mln*K ÷yóêÎèHÏôJ.§Ñm4žZäØ‘ÈtêÜèèìàÔù˳·:÷ÝJ¥g¦Óc‰•Ï9‹8>qÚ¨t9V” P

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (600 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¥±ñëÿ8û¶ ¶ïk]"r±±wSܦÝmwç´Ó·ît’9;•6•ózúpÞö[òÒ™ï™Ó™Œ`F"„0Ø“W••dQƒˆ± Ö ƒ„Ë5qNF ÀÜ%Dq¦1$æœi;íy>ëò»ý%9uÎ?X7l£•o}k•o•_¨Á…6………ÀÂ…™Ü;›ïþö·/½ô`••ÿÝýwÞÝœÉ.M3âÓ@Y] âóµµ/¤H3¹™é鋵vˆ£:Ó)@ß…K53…sßÚ?@xA ÿ97t²aÑPò…¿.é‹a`‘tçê;½ÔÁ•±QHm}j&güÏ?ûÙëë¼b£OÀ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (601 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“3Ñ‚™;>ȯ_\Ù/¼r²[c‹½ý¶D–VÂ÷À²mƒÐŠQdD`…ïiÆ"ŠÒ”Õjb+\–Ø'Ökj,KMÅŒaËKb¾MTÔ—°R•R·µ!í¦ñ÷a¬¿/•Ícá=Ë®I\ x(»ÿ^r’pKs8þý•û“ážÀ=GK8ÜÜÒÒœ¼2yï^Ël rõG\!ø"fö‡l%OçX¹F]ð[\ÃÝ•í²Ô Áê’½üÖƒ©©¿}çÁosï¼;6“•÷¥wüvæ?ššRäT'XÔæjsÓ+17$ïúo.Ùk/Ùs§áó©ÂÅüáá…Üùs/íÙ—¢Tç¥Ê»ü÷„¬°*>gu»xß»•«tt$ z=Œ-õÍÆ4©×çéóâ£@àöÓþäõ]‰(¾TTòÏ¥6/Öf ©ãýäɹ—Ïž•ªdiT‰Ñz¶•:ã¶XŒ$.» O=Õx”LÕÛJ.åÖÖÉßßb3©9Z¡4Ft”¥6L½dÄ ÒâpémãË#••5øy¬7fîþáþþñ?47ç _ ;ã³¹™¯F†CÝ“³qœ‰9㇣e"1{or¶yýáÙ¸?èoi q•>\ÁžA_ÐK•½g„Àj 4ØÿÃΕ†•/ØØxG”-ewÏ?ý••W•;N®Þ}wÿ¥Ï§>Ÿ&[œI5‘ƒ*Ël„ÍTÙÂÅ_œ¿xþßÿýÜ;öóçíH` ½FnÂçSÔLǘ¸ "üHƒK„ñr\Ź`—Z]Ëêâ‚•ˆ‹nf+7•Ð°‚ü¯CêvÃéeg/¼¾úíÿûú:®ë£-Jèð àã•ÂÉãÃúãB8™{z©æŸÞ6-î a²AâÝv'¤iV^t´h»_•šÑQ=ªVQ$lec©’éƒ&À| _â6öxeÙÁ§Œ>x•AÒ#”W›Ô“Q2™Ñö#È»çg› ëÏäéÝkÙ%<åc`8£•vØæp6Ï6Ç•¹&‡Wá{“Ý[ú&†Bt¤€8]8j`Š¡ ®ë×ÜC}•¸hµWc#©tEœêã7éè¥ùù¦•Í–)»ý•wöÏ•Ûßßœ{÷Ù¦&Ù.qN4âëÂùZPýµµ—.Ù/ÕÚÏÛ§—ÒìÈh¢HÀjk ®ˆ®¬ËD-+cÞ•T¥.ñÄ~‡ÛÈ1døÄZí@

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (602 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÿç7_¾/u»pI¡&Â;{¾Õõ‡Â{^9¸rVh šÒø:ƒn¬³˜â |70 »Ÿ÷ø‰”îDY=Ò©¬t–˜™ •Ãôg½mlÈò¶ù¼òexâ5ÉËšº•ûQ j´ß®ˆÛQ

Y<`k•p\-ÍÍ7¬f'á–‰ÉÙDKK‹?0nžè…6Ùà V@i"4tâšZÈþBp^—‹já•@HìÛnp]w}ú©r& HWÖªùƒîjZš^Üú`jssóÝDâáï^½òÇ£ˆ+ÌG€à°TÚÿ°ñ0Ÿ¾ôë“ý¥å¦å,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (603 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

.ºn²¡: ùeêQ•joü-úz¼øðxºdøëê â“.ÉS¦îR¦Ñ…RÞ-T–È•Hé¶yiÊjpüïo¾‘ož´ßÑéÌ~ÿV¡>{zzšÊ}Y¸Tqö›o«yg“§´Žçâ;º •°øӎ݈îfÿ• 2YË"7)—˜ØQ£_>±Úº—•‡TÆÂ1hÂ!ˆ6Ãáü‡WÕ·HÓ|Jo•ëÊÐ,D`2‘À"Qá8[w¸°vt´@ÀÂÃqGbŽftÆg'ñÜ•––Ép86i Žˆô‚îI,iõãt½Ëåæ`C‚ …º••Áß•&€©"HW •®~WôÓO>½+Ö•1Ñ×"2ÓfœlzxæêÕ«™D8<öÁææK¯Î•g—UÍ-}•\AÂXk¯½X»¿•áüç9tÿ¨ð¨Á¨ë¦«• eÙ¹ƒZ\•¢9•~¾:„®b0ÄEHLQš³æ¢²C‡kz3ˆrß•óÍ•Ÿ8}D_ÝÝs)ü±¨Ç±ÿ_œ©xë•ÊÊÊ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (604 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÉS`„¬ AXt±xçÏ:y¥‘¥gØmC¥¶z©‘C¶eÕÊ]9Dˆ›?H\‘®êÌä…•^„’·OÎaîЀ’t¥.šu‚»ùý\>ŸJ“q`íˆf¨ø°š…¤#1O¶L<œlI8ÃÍŽæGs³•²móCð—‡Bî ä+ ,W• "}8ñìöù@Áúˆ EÕŠŽ3Á è

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (605 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

50¼{W²–îï }ÇkGxSi´ixæÝ1<¬z¶zýÁ´ýêüÌâüÜxÓò2ÄƦÔAnzæÒþ~îR.q¹ þP4€'u…àÇÅõÑç>–¸ zÜfJˆPéBÍäiõ"ÀººÜâ?ö"wYàÕÑÁOVƪZ•—Úm<óÙ‡c¨‹•ÿ·•{ýá¡Ê@V•ÿãÕclzžÖê•SyæÌ••ûí¨T…ÁÔïT~?ÛlÃA \Ï-{?Ž–[„+•-Á[wµÊjVY³ƒÉnŸ6ÖF&,a哆Wq'„£}TûÕd+]å”6¶áñÜS•ØQA\‘3x•Ž@ZXûÀž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (606 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ONtûQeÅœŽ‰î– ß`Kó•`à^‹ßÝês»i•0t7[Ñ4}(•@dŒèÈj5ƒ‹õK«ñ]åÔ“†bñ®4UÞ^Ú´4?5õðƒ\2¼¾ûpìêÕř饥¦¥&d¯T>?½”"s†‹úËýA Òåa<ùþæ‘Ú—®¸%]ut¹G¥ÂeQ…ࢪ;¢¦ƒc“X—!åÝF•K‡C•ïô——L׋h}ß½• Æ$¬ûN³k£¾þ•_¿}æÌÛoUUQy½ÂÄ•YwpØHa¡ÄÒÉcùý&•bf9K$‰T•ÇúC«ìäC4¶4h‡»ò2¨:hÀc•\YªV•öb.—§áº´0:Ñ8ª,¸•oniéòOB†•Ió Ï•Ïç‹;»þç$†@ü1{ǃ'Ae´ Ž²Üâ™®ˆóa×AÃ7t~ô)²•RY,áÏIÄÓ5r«2•o£¼—t$;rxuìꃱ«›ÕSSæçgÆ1Wtr~ý¹®š ¹ðèà•þÖtͦOyòé0T—›WCÖ@fy=+O›Œ¼Kªv¾ç²)~ˆ¤¨è‚÷jõï?ÿÙk¯?ìó©1+ÖXCWŽÑÂx˜=|å7•þÎÿøί¿'*«·-¥,º•Ù€®œ1±yFçŠÍÖP(ÇuSº[Z9Qì陼ÕÓ«ô–¨•¶¡×Ýç-1]™?/â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (607 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆöNШ8p]X-œ <²LóÐæ1þüÔ!¬²ÄZ®ñ •Ÿ¿ç^¬0ü{'|C½÷üa•Ðª ®§Æqgt^¹|n—½éu‰)zú5êjо•&Ê.WêúD4`”‡˜ÝøMdH¯A¼›žÙº:6öÁ£åt4½Ô1O¦z¢¡(ãªáæBmÍXаã•rµ•î;ð±à'ú 0Kõy™Ÿºˆâ´²r[n$°ŠQ…öñÅ¿þ€õò†8ŒdHV†VëÉv}øê¥_¾úßþz®fÇo¤Ê*S"Å>!f°ênf•¦Ì*vþÉÞN«*—

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (608 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 o!§‰=Òõ'œ3èÌj“r•|î²øÞ¦Ò@Š˜m l‚Ò°€'ÖWЂ¬À탬/® Ǹ݀éjMh¬…4pò÷“ÍÔ9¸ßÝëŸü½•¢×ý?»ý Úû!¿rã´

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (609 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

艑ÞP“ _ÔÒ1ØŠ¸Šê¥–Á»WŸH\awÏêÈã5ÞÑô2à+•mjâèèÊF›ššÆ /„ài4èá³5•®Üx2T$4rxéÒm·.ŠRûœOX’Uv·Û|ä xSb^–ÚñÂVãUªIÈZ„¾ûXÉúók¯}ÿ_ßø'>Ir¨Wœ)Øóqá•Žò,œÿå«ß¾tno7¯àÉVëŒb&ÈãŽX¥¡î…s"gMN–„C‰«’4QPI-Ìûzý=z:L®“ðÊ ¨\Ú7ɸòAÒ°(/äS|W Üh:ÅÇ´eÝ8~:t••ÿ$̺ý=>:$Ø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (610 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)rÄ-MÇÉs]Ç¿Æët„‰¸ôÐ)„û:7dè£a1û…7½´ñ[¬ä•d%·Ö³!q2¾u0•!nWÙcX‡‡W.•Ãx 6Àò|_`•Bt…°W•|¸W/Ÿt344¨AAÂ\+üÞb¯±Ø>GFÒ‹3ËQPò—Cˆ¸h?,íbª"

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (611 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´úÐæꪄy‡Û#æ)Xby<ÔÉA y:<ݽ™;ytàðy½¾ÀÓ¿¿þÝ¿|ÿ»+½òÔS×Ї‹é:Úžû²ðeîàË_dâ1¬pZ}ïcèÀrVƤs™ú†„-§à¬[„+kÝ¡GntPsøF3±Ud‹ÏÞáδڶ|Tš“1вÛÏÃÝQTX·¶ÐY—ÊOÒ®3Ô±j'Ý¿\IÑO6“`@N£õø{}½>T.ðÙˆ¨]QÖ'×AZ±EŒÅà®®}*èJBëæ+Qw°`KØÃdTÄ#yðh§åa:õ"ÚUÛ'¸xuå¨+{þü\À”WJc‰²‚JøTÙ•òBÐï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (612 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…ŒR™ À•º<½^Säòl*¥ñƒ¾ÀÖß^ÿË¥§—þ0¤)ëþÐà莺…ã/¾<~·Wæ÷vâ,ªÇÄ ŽÚc$JX•N #1µƒN1‡XA‹”'•«GÂIbÉ¥Pà[ XÉò©—MYøÂ…¹6_›AR•8Ïï…˜ŸÉ!®RbVT€šeñŠJ #Q™=º•´œ•qÌ`>µv²§ ••Tœñl‚I‹öë•X~ÇÛï2®Ôe¤†ìŸZ³\Š×¼5’çðð‡à(W

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (613 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

45åÖ¹¼ÄÅ÷Ç¿½ñ͹ñüÓÇCbÖP_ïУÔ)ć/ŸÖŸžžâқܮÍáÀf•ÓQ¥ýXꎕ¨P8«°rÊEÑÈŽ-i¢é4EÓ#eUéŒtq8ôŠn!/5‘zJ€Ëô•oϬNOçó§ó„«âª~AÔÚEatmÍ2;¡ýÈܾ¹B|Öv^±OåX77Ùׇ‡

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (614 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6J¾âŽ\•ï+\ÉK?¼S„-V¤èGnŽXÁÑÐ¥ùŠà…˜BX•†²ÓçísAF”,aé•1Öº§[•J$ˆª•ÈÌæAS©-PXm^ek·m2Š1Ußâ_þõÍõÁÛÓ«óâ•ìC\e¾<>==Ä#¦·ò'¶¸Kê• Ý••²tÅ8¢lP~¨—Ê!IÂ7OÜ›¸U¤³´Œ÷ëˆ[D”´"ÆÒÐêQF@ÅZÔƒfã_±®Òàj:¿ºšÏçWó)±-»Ô.(¢3K]\™¤e]Mdlfàe£ryתéÀAÝ'|u aÕ®.|ˆ BÎâ’ƒþÌÍ›ü¡quS2x¹–û¥^XÑæp))õP6o·Ï‹.Ž.•Z=ÚŒe©+(:sË<°ƒ©ÒÀ6•G9’ÛØÐÆãy$EýŸ×^ß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (615 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Œ¯>’^•1Qz °‚0xš-¤ û Ä®®u®,º•²A§Ž•ÎOãKhÉË—ÖÌQõwx¹‘em–¸äÀ¡J

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (616 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 qØÐËÕyYF¨§È¯¶9¨à#…G¥r©á@,RòŠ¸ÊÛ»$²,ëúÔ ª¤×ƒDX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (617 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

&²ˆ±]]k¿qíFû ¼¾`•wî´ßi¸BdÑÍM¸ûäNQ8¤˜F%®–‡Qä•lÇŠíè¨+}pn~\=ÐR]*(k¹JbË°h‰"»²•âöVÓªCT Û„C®•wÆ¢ß7°õôoÿÛ﻽4•Èìºï»}¸Pûô°¾þô”Öáñq>•cJX>‘ù1G9q>ó„m¤±˜VLLë€9¿Ÿ(‡+Ù?ìQ¾R9Ñ#ŠWª!À¥,MX–°èc ïÌ–µQÚ98X¥½ˆ©Tž*£vÜ„…Qˆ•G\kk#凢ºLsœA]rÌÙ%ö>šã¨•¢ÄÐ8Ð>@ÀBTÝX¦ÚMTo <•‹)oA€«› ÚY¬€Å%,•«¥aÔVX÷Çre/žÛ¿"gpº®LôèÐ'+X e Yø™kìp[®dùŠ}oXÆ&&i`òr•ýËX_`|üv`ÐO‹•²‡ç^•ƒ0• .¬œ²á‰Lñ*òÃÂrVU³L<îTb^ð• Ö‚pØRÜàÑ~YÎ2ÔV•Æ•6!ÊÓtJy{…QoQÃ*°˜ËÍM•lÏSm´ö€fa¢®ž•È‡Uñe•Ÿï,êß\—uQˆ…’®Ú¯ITÐBXiv£‡Ä[¼E©±Q!`Õ€°¢o•ÉÒ1Ó üúá(Ë••¶?4Ê¢ÆOˆ•PnQ`ï²"®C?’S‚ñJ.]_ «—’CT$ÆõèéSûØØârá×oÝC÷ÌøÅo×=£~ÎdãÇõvÄ•ÓYUyÖV“&ŽˆÀQU•:qUsBK‘ç@וΒ±PWz-.‡>¯ýóöYòC>©¢•—‡`b°Ï벞À#ûQa€[´Å¥ )Ñ\“À:úhaí£…òžÝRT•YËÀ’«S,&êìÔ›Û9$^»ö)ÁªÃ`»‰+ÁWe®›/•+ø»˜©W!Àò•èâh®ò—r>K™¡T§ë¡"±.wƒ«ƒ²#KcÊ4baYð…I”^ZÔÛç[ýö_þúǧ•{ó‹>›•zú¬î°îY].Ëf/nÓ:†JçÎ6-e••úÀ8H{ß%®¨ÆœÎò”UAÈš(•–(¡´zh·‘ìäèK.f3^1Wy½ÒÁÕæñqIôñûÖ*ÙS qì3•š'_o•ò^••nÿèh¡_‰¶Ú¨»Dº€26ÉÐÆc¤d®O Ww1¶›QPsV)º œÞilhDH50máy;#

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (618 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

%:CýMÃ!½%¯ôANóS7odÏF‡= +€‹î¤S”ˆ«˜¨:8ò)P!¬h•Ä;#KЕï•ÿå{?øÙwçû‡ƒ•ìOOêê¨f¸@È*Ð25Pî/ïîlW)g¡$†Cõò0)°ª,¸bhIp•¡x([[ýùç51À’QÄr¢kTmc+æ« Ñ0, ˆÈZ<Å©œŒ×uR*?X÷‚”¿ÌO°mK•w˜NmÍS9`•;È¡•7oÏÓN`,+ƒ¹$’¦J%óUH.ýPÇKˆLŒŽÙl¼{÷Žp•Z‚ —[eƒaDé4ÆËöôö+T‘ŽE³ùÜþœúºEÛ5ª•¤ÍfD”!°ƒ£ Ë£àäé`'_!ª•MÁŠDU/{K¼m}rÄE¿•/ÿù¿þäõ—O¾ûÏ?¨;:ª{?ÉG|Æ_Ž#VªâÛ/¿¼ƒ•f•’ÖrÄcÒ-ŠrÐé˜ÅÚŠ³¼D§ÝMi oöžM‚ƒEì0cùônI_`|š$ëà ·÷…•u²ŸÊÖs¡aMFpg¬K€Iæ•££e9+"pEÕ+;që:§6ªJ$…×®±l·ˆ)•«vÂÕ@h•âj$úŸý.yص#¤•ú]Ñ~ø¢²µvûœU^u•ª –¥úœ‹õ”Š{&Cy<^î

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (619 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 rèó*Ã"Ì[òføì•þñ¿¼ö•ùoÿðŸŸá7ºNájmáÙ mù¨tÆÎÚÎÆb–õXt¸8NNhø˜ù ‰+®“Z^Öšm™(²i)¥…|å—~±¿»h•CQô2®sù‹[s9¬ˆâ>•W€+`,{Í^•g8T–Q¦+•+3vI•¥®•Zz%Ô¯Š£Þg•t;€•ÚT7¸ÌÀaPBFÄ>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (620 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

••bh¡ Ao/=õŠ„>YòÍ?üñò«?ýé•¿÷=€

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (621 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

W€¬£ÏãTqÇaÜ)ÚÏÚ0ã¤B“˜¸re |ê™ù*FNG¡…Äuë–†«+Bo|¸5ÙmYîÀµ,u¾€¬šø$•QôÑþÊæ~î •ð2ÂüÅÜÊÆ~.—Û¬9Éã©õW4ŽóÑõSªÝz €Ë¥«í ÂpÌ\Åãô•’€WDW7n+,þíÔ»–h°àªyÐ锞AᎸZF›(vq"€+¬¶Ÿ¿ôÀ7jòÕè(¹®tægQìå ‹àe"K€K„?À¦åÈ[•4ØÙÚÊ#žøÓí3b¡/˜úÑ•ÿåG—/ÿèÕgG8¦r¤¯ó”òUò*ïâÖ‹Þ,•&‚Š´T°¬¸qBâ-=Ƀ'…õð¼¬<”Õß;ÔÛÝjNÜ÷ §«…·ŒÐè»2–Y_ß´ì¯ïm\<øbêdož¿[½‘OŽ•Ã•òÁ££'}4"ëía•ê@¡‘ ¬:õÏׯË{Zÿq•ƒ »W7n\u£Xw¸°ÌK¾." Ÿ‹Â¸é`zy™»8xªJ•?†Ás{ Uˆ¾µbé«‹Yæü Œ‚êUØñ¦•Ý¼²(jÕWøléÙO•úìÉQéõ¤6?ûÖ[¸W4sjHhXIˆ8•À²@ψ‡¼Ý¨Â˜ôAhM´Îâ´PÀgýa´¨¤WœmV\,ÅæÁ••d²ºzcßnŸJîÚçÿxq•}w}ϾW•\‡´•–§+£ÌÖ•+V¿ä*«À*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (622 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒ•Z¯wò>5£Qx•×•@tc\aGë†E^1¼,ÑÏHMÙ.Ü|èáKÈh53úîûÝWjÿêÜ#·b*þâ5¢•^ZÈU¤áËÖBÍÊ*ªÞ^/[wñÒBTY¬ágGõ§WÂjã6ÛÙoØâñmƒ•Ns•‘D•9h(aeÁ”*58ÍXhüˆˆ@[·î•výd%~XùÉÏÓ'v:KH!•”ÁS߇ÉDõvb}}c¯&¹~²™ËíM}í¯gÖ÷R©Âñq½ÖWì!ü¨(ꦚ‘ZÈŠDTÿ¦Áeì©Õsõ×Å^™FÖí7$®ÚU‹Ð‚«•ü0••¬I)ç’qïB¸•¥p5r-.ºÒ·5®(d`•~µZ7‘UöRŒepV›PV æûÄŒ§®2ð©Û}ztù²€]xwtTÀsq¶W6Y±â½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (623 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Eø(•sªÊ #iÔÐ’y¥øž{oœ½cXþ\ݨ¶dr8$ÌÓlIÄñÈAµëÁ78·ÞIÚ’ÕádMr§&™œ:ÙÜÛ•••ŸSJ\Ÿ / jú{h•V¯8•ÜïC#%”|C+!ôÝ_Ï$׫I[<‘ÜIîÄmÉÌÊJMÍúzfwCâJ˜‘×X¸•ôÑÚèWÁÊ]LX–ˆH¼E¼"ÉåºÐ\š¯,a°¸<*BS·ë´Ñ…Qê2³lO/Gžo7óUt|yiNË+ª\é@øÕtÕ!ùª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (624 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

<†Ûxl{'\s²»¾½]SS½»•g`‘U†kîXP¹å«¾RZ¥Vº•ã’ŽWÑyôÂÒ@|Å>Q®·—˜žS¿*W•²qÕ•sg!ÀUã`‡ñǃƗú"Šê••ª^•å,AZZº•C©ÕÐL¡P¨#q%Éêòg—Y`•|ëO• ‡“6‡ÃoÆn!;±T‰ÔºÌÈx†#ö2¼áAÅâ"•

<ŽCĽkR±‹ôÖÝO•6Žªdi5„"•´N²ÑÄU§N#ˆ«¥aê*¦"è’‰¦«.ÝwIlýÿ'ƒÌTžbÆâCx½±AÊ«/XƒãéBá”ê¡kBa=!\•-,üªö¤~ú›má0 ªÙ‹® &a ß(PK•nSòb‘•ÙÉE ó‚—Îœ©PÞ=Qmþ&B§#ÌÝDEU¦·¦×wa¥0…úkhãdó!´“ØI&kÖÃÛÈW5{»ëë»5Û™ö•³õ‡²—#pU\pfðbye130c‰ãw#sííkÔù`‰`¿q•(,w3–àjyÜrÑ4Gÿ(ÿŠ¦ì¢‹c÷ˆ•ÒÎP =ƃâò•Gìôñ˜ê©¡`+‡ãð|º°ölaáè3EX—iET}îsˆ)aÜæÚÜhsÑFdgNáŒáÉ„fñ@I,©§T.è|å”C†òÌC+¶*Š.li#¸¨ áˆJÙSßÇÏÃ{ïoZ¯IÒ‰ší8²” RÂÝõ“©“Ýæ„}~étVáJKƒÉÒ$”³-‚¬coIGY…Aª‘ÊîBµ_³@«XíwDÇPµ‹å•Æ•ËÕ¸‚ÿÿ¨ÆU:·÷8`þ`çxê0–¤-Ql°¨+À—•¬¼}cõö-¦³Ç§u˜y[BÂÕÞ:Ðአ՜°ÅqÛÙXÕÙ*&«š—wÎÁË@–I9‘¡TŠwŠ‚f#Û«–ˆ2 …àj&êR»Lý~‚•q=Å@‚Ÿ„dõÎöNƑܨYßîÊlœ¬ìïOÅ9,ŒÒJtUåös¿eq¤[–Û‹«ÖóÂ#ÚW×iÅU£\•< ‰ž—Å”‚–ä-êâH\éÊhHœK‚08Î[H(BJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (625 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

-Û÷çô*´2¼_•Àê9à*¯ÚW`y•óžWÇ8ÞÒýòeà«'O>û_Th€ïx.“™•`áE·ÉpÂÌ…œ:Í;5Õ¶¸€¡åÕ´‘rfc½åˆé •P«z~cÉ?MèrºÃ ¼Z&ÈÇ5919•-ðuÂ×· _ž-±½ $»³“¨®É¬×T'«3{ûûös‰mÁ:>Ns(4Nµí—볬Š]a¬\N(“AVîê°p-²°pÀ>ÓÉÀø*•˜¬ŠÈrCC£µ•#q7Mããý\¾B®êw•bçÁ¢™vuå«•‰å¤{q

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (626 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

äDPÖÝ‹€¥ôðUýáéá3„f‚ÄWd•©•Ò2›¤wLk6F§h¼2¤eÛIlÓ†µ˜Uzëî´ …ˆ§JX¬ WhÅ‹Ž*M_Ʋò–Xù‹œ`q<0ÑfâJ&·ñ¶fýdÿd§f~5Ÿâó%•…q”Î]><.=|I“£K½d°UQËÐœ¬§0x•;µ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (627 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•(hi7·“·o ] ìâ*ƒ—WÔÇR;ájznëv°Ë«¯ÃU]Ï3›|eÁ–4¶›1PÓ•·Ï7˜ÇŸÞÓúCÂÕå',ª;üª:3D€€*‘Hc…Ã64ü9+qÏ(¼wâLB5¤Z!÷ÏHm%}Y1ž¾ˆ½U•´–s4!C¬ÒBK©ŒÂùUWŒ>ŽüÔ†à›8ÐWõŽÍ¶Ë:x.ÖiD¤WA]ƲÆAõ•RYœvvZå;\%²•`fu30ld

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (628 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

9 â EcaYï\Tí•Ò𼫿•4äÆ6ÎÒâ̸ñ•]½(¦„•¡Tµë¥ÅaÐë€j+"+ÍW•RÇ 7Ž_ù Û9"\;Zø|{ ••Ðš•EÒB%•qÞFÖö7â압ѱh¥+'¹áãh¬¨ˆWâ(tÌz<+®j«d, Io`¨âkBp…Ùha¥±!Єxt"|‚·×YÇ<¢*ìüÙaË>IK^hVÝKJ¼[¢bÄ%ë òlgb$Yno×%÷v¤.|ñw¿3óAII•¦•áº:zÇXögk(•h(:ühlpq~n+T ¢ÛÁU‡œÅyŽ°7%úÊë) €‚¯TœOáÏîñ…ã#"+WáݘmÉ´àG¬…Ù†1§óìvbÇFGôA8§EjÉ!Vª‰âûC_D,Ÿ¢G\ ³<âJw€Îp1Õi–¾tœ(*.¼¼µ×LŽýDÍŠG¾0fëë³ê,ÜC·…°Š¤VkIÊ*>‡×•ñ’¶Þ•ÿÓ÷ߧ}2¦˜º&ãáïÌW•B;K7«¼ ¹D::3ÞD…+¶ûû£ýã·o•75MÏÜVúª‹•}½8X KŸ…«¶Ê–TXÞ>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (629 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"FûƒÅ—Qv0ô•—53Њˆ•£Yï«K-,ÂKÌw˜BÕŽwøzCQ••¶·EGC.ÚËçJCŒŠ=2$±\#ÙéÅ »kô=X/*±¾‚«DQÔš p•Ê‚¬¹i4æÖÕŸ}&ýŸ=©ƒøp¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (630 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ØžÍ@â57-”‚ÑÀÊdÂ(®’»'ØäE™ÜŒ-Ä8OåhoŸB€˜³¯ˆ¿ /9EKGó•SÏŒ•þ?BW¼™Î•AW…Že€V³T…Óòœÿ—q§+˜>•‰½Çó[«ÓÔ*dÊ:ÌgÓÃ%g•‹â{WYÒ*¡+‰.•+Î Jï¿oA—Xµv—Ö_uPᔑÕò^§Xˆ•Q(ªâàò0?Ž°û qåZžY¨¯ïk@J5pž‡¯¢6Ž‡NõJÙ^†®8z‡G®Ž„õêèò$IG—(±jf\š&&Òèbl2CJ>\³±1µŽ¾”D8a‹Ûââ],y÷)"äÞb1åˆI}/&ÅäÆnW1¬ícÞXi‹Ç˪?5!Šª¿SÔúùŽ†•"ôÆ«O€²fò3«¸w›ý

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (631 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ç©Âñí¾²¸2·Ü•_–6tD˜¸–Å|ÕN=h.þΕOŒ¶ï[ÖºÓv‹E^ÚNØ=OòJ(°¦åh„}®Q•îˆ«ôôø¸._uu½÷BØêè(UìŽh.‡‡r°ÀÀ§}”Ás£‡Ç‡u§81!L}G¸¢á¢çHÃa1ïG×Ã{øß=zˆJ+“L®O•lžLe2ØFLب O𡿬´‚ÌiÃ9ü˜-nì&•òJ•%•µ˜eªÊwĬ|U¦>o„C«ÖŠ“••Å–!ŸXßÏáf,Ü43•§›V§gÆ|AÜÏðyʈ%ãu©Töï”ÂBÆ¢y

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (632 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 t˜Ì5ÐóMou7V%Ó.nÄß:³p®Bp]o$D1¬BË8GÈÎöQQfXžY’n†.-Þ_(>¿5X4饻G•Ï•…x÷Óõ8à,pluœ]¨•]®f3ÌR÷V÷îuߣkò!ɇëS›+›++›ë™L²:“ÄÈh“‡‹ÇLÒ’ouü›¤®l"ª•‘®QæQhî:Ã¥/çöYžÛf¤?©ÿrËëõ.;Ž*ñUc†kö·°è0}0ÿØ>_HçòðÀb±£Û㵞Zö²àŠ[…•qÈ ëvª3ð°×•k\¾b6ÂùFZ ƒ°ônHxø‰Ú²Öpó¦,^éÕ•Ñåþ~Þ{E\Å|µ4 ²ý=ëW÷B¡PÚ˳V¹« ‘¥äUÙÄV›;K þÓ5aC>JíΟq2;n™Ü `!œüþûcÝÝð•‘ñáæÊ|`µ¹¹;›ÌdlñíD"•ãà3 ^êôBzŸãUøÑ'™G¼Ít

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (633 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•Â•Sb•õ¨¶Kpe©}•^VBv!W¢Œç, Rü•œg™ÍÕéÕ••••ùƒÕƒüÌ¢Oì xðܽ@PwvLݲÀªT»Ë"<âꆵ‚eí?k}~“0ö‰õâ£ÁÅ,ÕL/ÿç(ï'æöQW6•š¹â\!² ¾÷Þ{º“ó<|uhX=—¶žƒ,žø"}UN¿‹Á ÜБðK¡Ož,ä;¸ÿè*1‹N• @ÔC•ÿþÇ÷?ôûïûÇî=œœxø‡«[[ss+++{ë³™êøv2™ÜÙÆ"ÉrZ2S©å5¼PEmÃížåëtJOèx½X¤‚b"#Îi¸²Å«Šùê«•UB\²DúO¤£ŽÌã|ê`%“YÉmÍL§Æƒ+¾õYË

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (634 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

&„´¼rY–0ùIߌìãJÛ8tÝäæÍMš± RmLæuÒ!Pñ84ÈÝÁˆ+šnš¹BÙà{xÁ-Âa+i¾ú6dÒXbˆ¾¬rg{x•öø¸þ´þÕWŸ=9\?=ª«•Âw!Nt…b ÕÝ}Ï•ÿþýÁ+~877@Yýss[ó‹[ó•çlNm¬e®ÛÍ6Úô'Wl,¥7:Žµ« ••Uù”è·h׃b/tÞ8+X14K •Ë•Ç@–žé(˜,EˆjHœÕ•€œ£ÆžŸ¶onl>˜Ç³Hïwû‚•rê½<¶"Ö«ˆ•W7Š•%ær4¶T k@Õ°dY¤¡M•´Õ›F]Q¸–‡gVÆ>7-ÏÐÐ1–

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (635 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‡_#+”˜*q!—Ød•¯X´é^ž•ü=ÁåúÔ«õõ¯ì¯=ù¥cýø·*ág;Ž½ÀY<=•™êþýïÍ]œCh]™¼• 6·¸8?³¸¤5Ÿ›ÛßÛÜ@“J"Áâ•i!& ‹d8Q’c›ªª¤£•›•¢".2$ ‰W:Rb¼ópå(Á“[LaúV|9éQzˆSíÝ¡àæp$6ì[[ö•·¶æ·æ7g‹ë ÿ•µsñiëÎò8×%ñ̪«H³óçÌ?d[TB×xîÄÄ2àÐ jq06u¦•7¼îƒ@0…TfÑM‘S°!m¦Z‰©†Yí±çõ»û:a¦{›J|øžï9¿sίó4ºËcKÉÖ„Ì•;+¨[B”ÔÝŸ<á†dœú õºg¸w&“ñÐRNk÷øýo•{±ýàøøõE…°BÁÂ?+Ö•Š£=«í•BUÑ[Ó^w{W¹•›°J•‘ùÊk÷Óß•Ú²®~þïßc«Zv«ÆMd«€©Ð¨ùäÉIr••ca~••~aa£¼úbÿÛƒz¾Êw~ª•¿sqñê&w01ÔøãÀg´ßŒy\á•3Upp^

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (636 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ö¾ƒå¬~¶í±˜×G*%,êXÆpØ)U’ÕyhÝ|³úý$dKãj›E7ýX9Û}{5ðþ§¿þtñÓAý)®eë)Z•‚å‹VÞwY|=‘/#ÈçIB_©ü!‹Ê¤¼âÁ§‹•QÄÔ!ôæñûW€puDMÈCù…[™÷G2+ñ±éÁ•»¢Vd‚)"+äsçcddv_ÿÇÿþ›aØŸþÇï0@™œ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (637 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÒþL7˜©d2y²²’œ_xâU.#XÏËå“Ã:®,{½]ß¹8ÀÌ[Ø»s©–h†ÎGË|NMÖ/`ÌnÇ°î É…ÝQmîÊ~›ûø¼ê¬f…”*ðN1ïÒe‹J¹x.M½7Nò•¾?:®*ÞM]d…ÕŠ|(–×?êECšµ®Ø¼{•}‚×gÔg¡ãR•á'ÜÞ@SÓ¼õHÍSÓ>,,Ã߀Æ(ÎvëÉÂÐòò•÷•bÍxšÕ/)`ÍôŠƒÝG9£l¯8FJ³_•¹àÄFìœk8ÿƒ¦ên¿ÉÖJ‰Õ:Á

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (638 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Š®\H¿ô ‚µ•\½@ºÊû‡ ÃÖ÷?¼ÛÂF@l"ÅÄ^³é^°>im0x…²•ò‰åXXwЬ;}r µõrù;úûVÃdU;¸Zô.¢Y8,‡V%¬¢/Xžfù'ЈkÆ'Ÿg&†ÇÇeFššgdN5ÈU†?´ê¢€ï™üëÃJa(ø,͕ך¹•ËŠÖªÎ`ˆ@•ªÝe¬/¾]Ïͺf¬Ö2Á;

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (639 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

/ॕñ;+rì«óóÀü3¯TJ••ÁÔ•$Ø« ,xf¿;Ü~}´½½ 6ëà`àÍù¥k³Ã¢^ÓðcVà3kÇÛ¯©Ášö¼0À’i £_݇‚•vü ``LjŠ|Æz¤…±@ÛMøu†_ØÂHˆÍºElÁß{¾á°Ñ@q ƒu•jƒÊ '2EeÜ‹•bI„ê%m·ýlèÑÌòøi:›ÅoéôãqŠ…Ÿ‡;f¾Ês3}Þ'9¿‰³ƒCá©¢º;ná²"Ц"ŽžGùܹS±F¿ùú˲U£ÝìXÏ1îÜýw€ )˜‘‰•eŒ• VðåËŠE?ž$àÙx1•’õb~åè°Á°~xˆU‡•7M7Ž hˆƒ_0È%õõ™vÛ¦ô›•ø}C¸2±•ÔÊ2c¦d“àГ½•Ù•ŠGV(+wo2Ö{É'¼šš.`I[ IÅFmmµlU«žÕ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (640 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µ”.77,.zý~ê 0Ÿ®¢ -¤*•.Ó“O&€*|ðœÁB«õ9Ýîëõ6À‹ËcýG~›–—"¸š¹5Wzº XÓ¢\Ýî*§•ŒÜÕèþîŒØ•;ý WýX´jPk/`5ÁŽ¬U©$†£Âµ²ŒÍƒŠ![hµ6NNöÑc•ÃÚÞÙ?¸Ø•ó¶éºvË&™ñ[©t•>¡:6@˜é³>ëøŽšÕÇ=´.žË_ü°e™ÕO7CX©8×ó‰V/Ã?•“I)m©bDŒÏEYºFÖ‰•(§…•*i‹ß¢DCÿ$)˜(žÇ•ãôŒVÔ äé•éâ)¿Ú…G;VñÉ>/Sg…«@öyt±R@ª‡¢žÛDÁžÕ+¥ZÝe,ª±ééP×èt©•Ý'÷ûc V÷oîýÁìÇ㻜M³ |VÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (641 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

B`)I‹ùY¬¬Ôëõ•ÁA¬6W@€õ<‰¯=‚h¸™úÅ•?¼ÁŠƒFK“i¬¡k÷ˆ+«mS=†SÓ EXý´,ƒ«Kà½tº“Ë]ü•Hêæ÷àãaÇ9ôǸ #¾¼‘™ì•Ô6’±Zcd»³QYaµÄ7èPÏÊbø¤á*†ÀŠ`K¸‚ç´˜žššBåÂi®ÓqÉ ½Xù¹e©¼zÙçæö{¬^ERu[¶>¨W‘ÕQ⪳;põ•_Zwûï&‰û•µ´œÓ•ÊÂ,Bµ€ÎJ)Õ`µ:8?TŸîî>•×+ó$Y(g@ÖIrÿ»úvýèÚ9ܹxõæü|« ©a[3<®ôv[qrEN~q¯¿ÏÀ㜖¦c Bv•ª&+øºZî|ú> X½°ò÷t²,NÞ;ÜõÌpé†ÌjÔFöÊ¥JYsKA¸X°ÕIa>}—ÕõO³Sòd³SiÜÌ Ñ±H`=æ¤0˜z®8œ•Û[!Ö/*…^r5´ôÿ@VgV8=í‰ÖhÀg•–¾^s[•»yýוóËeÓM@àqݽ=,®?'¥ZÀ@žT

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (642 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

V‰¬jýøç¯ÎžÖ!-\H¢÷¢HY^ݨ¯ÖA´êõ‹Õ½s<Š†¹~$„Äj·Hp,ìˆ7¸®`Ø7ôxìÖÝ8}D*fò±Å×—[-iIU LTÌ÷M~sÃm¸ò÷D~C•§cÑÚF•åÀqmHP´ |Q¡$…þR5Y\M·ɰlùHq•ô”‘šb¹‚08^®Š·G?Û\ZÎLø•ð›e„«¡^`ýz‡ÕÕ‹<íÆD±p•FôœsõÓîßÿþúûƒWçç?|ûOkÊð•2=‚…€B®ñßÐ"Õzúì?Ÿ×Kdè“•“y lþ¿“ù•ýòw+õ••ý½õçoÖ°‹ÆÖÚíþ—7‰§™tK ðvd2Èvë(Lhäû±}˜ö#™Æ]äJ£y3Ø,V®Ûë•O”‡‘ †pÕ;†Ø´î:»ùB! [Tuà¥×j7¯ážœB5Y|¬¤ë1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (643 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

éŒ)ß¼Lg§²‰«lº¨z”‹È–è°Ù#œ[ÊSs³E¿ÑñÎA•Bp/²nAÕÌŒzîåµ¢÷•øLÑKëznoûììÙÏg^×!“;„P†¡•‰JâŪ¬Sƒø=ôl>ÛLÕ+¥Ò<½éÕF¹Ìí3«ûû/ö_<ÿvÿOo÷¶šŽeA$”B·îØ5Ì”¥v~ ç2uÍÆ‘,[³•¸¥“Õç¡•ƒ(¯””0¸š•‹«îé‡É’M»†*ÃrÙÕé<¾Ž ]îÞê²…PÍ°Ñœ-<]ˆ‹Ú¥Ö¤GT׃ü€AOgU$½*Òš[¬b¥!%ÏWf׿þbÉçêxiB°òÂíë‹Ã[»_ƒ•·Wí¾Û¼‡ê££å‘r}w÷쀵ûài½Z…,ïädže©à©Èwï©VS›©‚pUª”0bé}–úýöÊHŸì¿z»¶uÞt0ó39†•¯Ê‘Ö¨¦Ï¾ËB·ÞB•ŠÛ¶c·u

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (644 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

çûø ¥Eãd•#«+N…È ËVðÕ½¸âŽû@rèòý•¢ Ìn“éÊ5V!].Uù¡²ò(Xyþ•ä* Y•}®Æɧw<˜æK…a¬4œfæs•Aü¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (645 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

XÙÍÔ²\nág¯wV°Ú.TEÀu{°zÖÝ©å2áBÖ´w׳˜¬ÒÓ³³Ý<ÝŽqœJ•¯W±€€ ¢J±U!g%?Tñ]ñ}ù9!6f¥•t}}mïùó½µFÃÝÚzÛlÓù[?F1 sܨ frIK·Í¨¹íÄÕ»K=~“OÖnçÚ‘$2Wœ+êÁ8ØÁT·`}<†qñÀôÝ»-©w5™¥‹¹\nd ÂbU¢¡Wyð²ÂÉN°ÔÁ”¬á—¥9ªdkðÛŒ,M¦‡—Øaá®vjq¦6z*ºOä_×é:sV¬(Ѻ]T°×Qtw½aT˜ ²Æ <ÒA @VÁ§E)”XõAĪJH Jª-Ì¡ý*±s°fW¹I[áy¡Cba›Ä;”!ÒÕ¾¨Tô9‚_ݳ8š¶k'Þ¾?·Ïß]]•Ç//ÛqíVâb›šÈÆëf4XáÞ†[˜ÌbûÇEòb†7æ"Pæ=ÍÂÑj•k«ÈÆÅ¥ ‹®„ª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (646 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

[§=¨‚xxJ5ª_•WFìËW•ÌËÌúŸÊ¶ËÀ¾œAbw28™%Ÿ«(źµ`©ÃžS3ªÓÊÀsI«€SC›¼]w.…RNdq5•ŠÌ©TJ)ÓÊ5XMñ›…«$&† _°Éⱊ†¬ YÛrmšk×â ;GEm•`eÇÑзìšq°á¾jºo~Ø•ã4Ï_Ý\Þ8àôs÷ÛªëÆä>ÔŽÑê.¾”p}+߶>÷ÕãÖ:•6=®xç0ô€Òa…K*•µµõr¥€·â’•GâÊ—ªt¤Xe¦ÙºŸ¾$Ûîj¸°PÍoæ‡_æË_W)æ7y&1q™üƒ£º¯W‘¡p†«îC3'ì‘Ç×-=–øwqï£ÓcÕE~6É|âÃ!D…”wn!OªxKU´ ‚f’ ïÄä“«2±ÓhÔ°êÞ§¢-ûÆ͉îÒY –hcUŒUÎq÷òÊvn°[¾y~~ñãÀÀM¶÷žŒbÐÕ¿¡S˜žh)‰~O.,tü•¬r4Á£ëx›§®s-–¶«ÒîCÆ\}Sk!-ÇYÛHVÈÄ“ƒ‡¡ e„“¯¯‘ køéúš_Fãþð¡gß) ‚}§¶öÌðË?¦çf28iŸ?&®òê1¬‘m †CQ¡¹ÂŸzsõ¨ë×=ÔªZT|'ÀqƒÃØ›W IJ©Arºs]0*|¥0P«Á 厕$—Þ ¯•2•Vì±jÁ“£Ó7«•pÐKIË;•ØOWzĆc»®Û|{_·›8‚Ñ|3ð~àÝÁÀ¥ã$Ú–¥§L–-ßäDœ:°êC¯OCW9U:ðŽEìœæä•ô–by°øÀey˪Ab_JëåùêSÙ˱<éÕ¯ðçâ$¦„$Õµ§WÙâ_^ÒÉ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (647 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÄÀÇjŠ'•U°Lu‰çQ®|®–ó™³0W½òÂÛU±UÑæÝÿŠx¼•±G…Eï™#´ u&(AéJ1^©”p5H‡°T&å"úüd’Eka¡±°L3;¨Z–•Ãègbç–̲ٙ,øú>ÿ•LGÄnÓݲuÇ•;q;ÇZ•f%.ļM—û£cªÈÔQ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (648 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•€*ÀUèÍ•Šj‡)Óuuh$]ËÔJMY©æ•;°Êæ'âø®n©£kôò`¸ÊÕ§€‹$ŠEk’Í:²„¢”ÎP,X×"XÙÓÓŽE~ããÒqEX±m÷¯;ä…¸m”ÒÁ°ÁúWý{¬¨¶äS•§ÅÇc±ß~í;Öõ渃8¡NÑu •~üSáÀ*qY{Ø»ƒ\ÍÎò(q…þ=ÇÄnB´ãÁcV½Ö°©+«†&Ýu÷¶ \âcÙ¸¿JÓ ¸\nÅ[ª×&xƒ´â(° Áäv•j•/mÝr姕jŽÂ—+ÓÐUW)•U8pÔÒ,übñŒ×°‚´+—#¾Ào•¾HV'Ó‚Ô$Wª®™(ôçYQ,æ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (649 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`׎†6úáÝ:ÞõL*”²¨Ô2ùÝ€½ µÜ!VžËúUŠ6Y•‚\•ò…—´"rl¬ÊÁ•ÚÔ°ÀÇ!•”J½ˆ nÌWàD¹¢2*X¬è€Ë*SZ¸Nþ}„¸ª¡`F¼ÙÀÁU]…AàêíwÀë5äªù¶É««4\~›æQ•›K‰žÄ†T›hÕ6Õ êù´©$.rÂÂ)VgM‚v)1WÞd7ÂkÜ cÄt–«V—¶ñ¶‹•VŒŠ–„CáùÙÚK§•sO{b„Ê_!V§Tnv(•K•ôsÞ…+\ Z´ˆ¹‹«¡(‹5£Ôêƒ\oÿàbȈ èÿÌÑpl¬P ¨ˆ®%eὧʑ³CÏ¿sFHÝ2¨WÕë%)d¹j¨ý‘–•àÍ•9]zõt«vÕЙ݊ƒ\½JPzEýP¸‚èqn\ƒ†yÇ•EZ1^àapŠ¨V/ÈCþëÎGŒW D*¬$<ÓæáJçe {Ȩ¿€jWv µÙí¶@gÊMz¦¡ÀÊÑ–_ÞC'ªXe¤ M!ª¦²Åo¾yyªŽq>€U—{˜0ÌûX!W™üñÑÓ0V=Ö-ÒÁ™™µe•÷J•Æ•Ö$JYà³æÄeaí…ÈJu°U•TP‰Ö ë5=Z,Y”JßN\izM6Jjª‹ÊÐí•œ.Ÿ~°ðnóÊŠ‰;7¬»|¢nn*ŠÆŒ~ÙbÐ^˜~K<Íì{6žE

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (650 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÛPM³•`¾«>/¶Ê}èXn#¹j‰¥â®*àÉ–§e·[-z«a•x¾£‰Ç¢. ÿê_Ñ0`>ÿMöZq%Xa[L«©ìK@g¼¨‚õdø V%6éDÎo.ÓuO"XÀÕÙƒ£T—m•>+¼Wžv F=ï=Œ;ŽB{GÑB –*ëÉQ}XøsÊçªT"¬Ðº'çý³B2YB~ÝZmäªá ^‘F•F䜜:˜1á«Ûm‹Â[Z1X†ó›KŠ‡õøMýô’Öo <&_lx»qigL_LU›Âg4\©ÑTUQç€ÇâÔð¥ñY’¨y(ÄÊ‘§m×à»ÝªañÖ¢+Ò±óZ³¤m‹;›k8•24P(V©tgÍ=ûò«¯ÆÁ¹?ö¶cá¶ô÷$Óú•MäJiÉÕDÃàP—Z-wõÏúö•ªöŠ…Ó¢\Íb®<£¥N½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (651 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

••P…\‰¿¢‡Î¬±Ü°Áö«

íä{¸§•»ÌçÁ½"·l»›Èxú/ï\¯OáNtî›±îa\"oÅŸBSL»w!•…÷E×>Õpõ1«\€\[<–)²Sò2¾•®p g…°•;ÄU7•Dœ Fæø•±õ Ä&•žò„)À‚åw^‘“§_f±" ¢ßN³òÀ+†ñæ*Ã7=MÈ=»õÛ®ðêÊ gn 9ö`ËÛ‰Õ§Ù¾KãŒÐ%E9‰@ž ª1„UJÍA•(!¤è76•Xᘺ÷=Ž…¸>ŽQ'kÜ™LÃÌ5‹=56XñKÉÈb¦nöÓX˜ý»+‡ÅÂÄF´2–ÖÖv\ègeò¼»_šâj¸åU1½7t•ã=¹B0U>È‹IÑ¥ãt‘¦™|2àЂ—:Ö\¼3HkÕ•,CÂj•&$°ÄÛ¬4%•×a£î)ÖøÃ)¿~%5QĈrÇôô¼‚:GÑb=Ã2ƒ¸+®bå3ÏŽvês]1p92R>xÛãBÖ¬½êå±ø€±PCV

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (652 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²¿âû6%.ͽ¼òì®’%y„+Ú¥NµQ9Ó••}üê&¬ $ÊjQŠ>WÍK%%T:žh÷Ç+—ÅÀRgŒñ¶¥* ~â†MñÒ¯|÷é©•U4¨UŸj¹ò¸¢T F{)<®jœýÙÀ€eéD⎛H4nÂÅÅŽ‹éaÉÁr5o¶âš—j¹€9¿?ÈKññ©_q÷Jíéo†ñЕ HM±`•Ž£m?žËûž•¹ÊWK!©êiÜÑ` ©aŠÛMéDÛ÷è\•/8 m¡)Ã12Ys•EO„’æù•*ŸöxŠE•Z¡)![wòîV•=I•6*×hK•©‡uéxÎ'ï€ëJoÞ•Ò„O¢Í‘Ä£•¿Åص3h

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (653 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

XºÔúýÕ!~Ϻš¶a•¦ðêhZ€+^iQˆ±×ÁÛ”ü!^XW€ü¢FÑm6]øÑJ$Üx-Göuœ›~wÓt[H%reyÉ_U×ÿõ—SìâcÅâh÷•+Ù—³„Õéi Cê·ÉsÔª.:‘Ïlnï`7CÞ›Î!ÅêÉÕ•Ýû# †ÿL“Ÿ76ÊåQ¬i9Øa¢æ t‰Ç~›S+òeo•ß&SáNeV«—±0K¤†,Úo´æºmp¼m›ÔŠÖ÷[¼‡ˆ=¡¬-À$ƒÀË'7$•‚¡ÃiAÒPʤhé?là•À¨¢ÏŠ.¢Eóó8amø\©øgps–@C\i5 û^á%T¤šÃX5‘,þ!á8—¸ïD£¦,¼ù÷æ2NI#K+*ª¶_O=|ˆÝì XžLÑKéÌ0¿&ûð4‹Q4+‚•~vö`3?(‹"cgÛÔÍ•_îx"¹ò}ÖG zäÅAÁÊ?0óЊ~¨8:ÆÛüX®0-ÜäÐç]Ÿ•€š¦‡ …žlU*ªø^*Inøƒ!Z¬5·Mt›6uc~¨±`éTÙâ¨hmY1/BYô¹†Ðè:ÔJJ«D+K•h–"–é3â•×ÐX³.ͺJëÃÓ´W

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (654 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¦9äŠä¦Uc¬\€íÿX»šž¶Ò,•TÙ!åJUZLM7«‘F•Y”ÔÿaþÁ¨v#Í&Ò,»eѲ±–+ ÔhÒéS© `FàKL åïo_cLý›k>$é)4µÈ‚Uõ¢5çã}ï½6ß3ó&ØæC¤Z~ú9ÏyÎyÏHP!“†_&·¶¶X.•q¤•""5ÃhàüBøßJYc;MYÎÕã*à ëÛ‡^»ßàõPšèí훡ÈHÈŠa¤{"7ñ›\åáJN$LùÛ1u®.£°†l/®@W¼‡B¾—¡É•—7˜F¦$Œè“וN•%µ€²a(ßñʽ@)-ôÝë›± |‹â< %áÇ7„?¼ æòY}uì®;\ ]ðÍ "ÛÅÎÐùXðà²à– ËlÇGmƒc¢ª¨(*úÌ˧Q-\E¹Ä'påÀDÎÁ+6 îÑ ÀÚ•`µ}èAp¼¶ê[[!D÷ƒõÝHA$ŒpêÈHZ¡‡•ïò‹^I`•sö÷°ï‘Pîö†dÔîV²ˆ„å•ý®¼#?dgG‹DñÇ…duiñ~æD•msGMX1Y™®»YÖa•ÅÖˆÍj•¨².“›¥èg|içî³ÿ°+x.B8lì¼Ç¦O+ šþŽ¸â`c¢—N3D®hNCG=È•$› —ƒ KÌãœþ“`…‰£;ê¸r3WY¢\ÜgvG…ÑAf—•}wÌÆWbÍ2‚íD@]¥m8 Ö

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (655 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•Î¶¡ºŽ•:€Òà cc`@Ó ]ݮ׉HvK•¬,u•7ð›Þ¨°I{=BU±M†¾ƒ‚~ùQßx¯ãªwy²™4ž…ÄÔ6q7$áJÖðUë²×)†Nu²ÈÇÓHK<ý•mîž ˆr¡´°N8Xü¥ÑÖìÐ&å-d=•þAiþÒÅÀïT¯èã†VÌRñŽÍëbÈ(fŠ8«(†oN<&¡ƒ8Š›•î‰+þLÎrsÍŽšµ¢lPú¸%O;†î¨™â-´ë×s„O÷@P,má ˆB•aUwBdLh •µ³“ÚÑwø ˆ+™ÜªÓâ3M×Sª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (656 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

BÌãïG\Ù¦5HkôtXM=ùý…•X§KH¬6d•Ò>j±ÅÁ)ÁZT/•M•&Á`6'»±èŠýSSlId‘ˆWÓ{µ¬È*µp5Àû—Þß¼&L&Óp-ú±Ï±å‚(§ë]¸œ›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (657 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂF¸™ï(JSQ!ØE+!ãÊ”ZQy½Y¸ìDfðŸ½æ‹i¸LœJˬê.[¾n®ÖÕõTG*µ^ìPSº±•Q1‰b0®é©T‡~T@MŸ¸ZY¡ïO•ÿwÿðóquåTµð9¬JÏÁÛk3LE>Ø»üpf<}ã«ú4!kX\|•eÓ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (658 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ûé—×í—.2®žØü‰€x†Öúú•¹D@ììUa4ØD»Œ‹âr“,ä¬ïÍ!6|uw«¯šÿõ‹ëTÁ}à¼V€€%ùŠÀô•QNú)Ä~'·3‰¸ :è&a[hÎ8ßørÄãªo«Ç•ùë_ÿòpµÒ +¶Ø{…© ô™ù·GË¢’ƒ¸š™Ÿ|“¼SŸXwq"8`›w—•]Z—•‚Ygl‘kíÈúÚ²²øSk˜ÐóC1ß)ÀÅBd(!´ø’¯ÅY=œâµÕQ¾ÆsׯLæ6ãj€‰¾,•ë×|ÄWQ‘÷[¸Â½LÁ:öõ±&ç@•CF¸•³”7pû["¾Á0sð’%î‰Ù"uŽ‘²+ðºÀ•Ÿ qW1•++±`ŠàÅôaÕQÚ…?pv›pvS¥Ž”žÜÒò•õRfw]O&E]mfÂêààTí:îb¿"QEd„†‚÷•põXÀª—/<“?ÊãÎ,•û=ãµ[®;…éñ€l'¾"T ‡†/OY—¯è™Ø:ýœ,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (659 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•õ)ì‡0u}Í•hQ†$eÑ`YÞ龎¸lx÷y8½×y-Ƹº?W ú 4L2³\Rî*Àak¾(Z[N•(qJ· •¹ Ê †h㤕ó›¬6vÃÁ¦¹¸ƒ“ìßuv¤ùà£Q1·è? ~<1¬u{•b d•TÄXªB‹œ½˜RKÍ]ä+ÀÔ›7œ€ÙÜ`éɺ®6_7ÕíFA)©FRË#9a|\E€•¬tuÙ2Äw¢LCº½ëçŸ?¼•XÕ'½•©e«* ·Ü7339æïÏ!²º) œƒtp"ıB!•.Ke•¯Ü/×é7$ŸÎ€Õ‰µ—_·Ãì•É‘·¦‡!I•”Fä_3J •Îƒìa6ONöÇ¿qÇþÈfRíþýÝM7-3í¢”â‹}t ò=W2©¡mu•—•Ñ/ˆkÉ‚Æ'¾yÿfýHÆSÐ!– Š’ûFüD¹D _@lQ4Ø¢1•.ø)|tÐ7¬•¬˜§0 ZˆqEˆjâC¹¼ºšÎ¦3DÖº‘\/•¦ßìêÛÉõL³C¯×%ˆW XÕ㮶(ETõð׿>xѹjpùÅÒ²×Ë™¢`´G}3óþ1\T8>™ëøêÎW?Œ†ž=•èOg!a;„®DX"^%ž¬Ó|+Ò´ 3½3xå’¯]TBfÙY«§…¹FØ811QÉýíG7ɆÊÏá¤jwÖ*t8 ©§ˆ'êæ=s>_·-mnmmáUVáÔ …ÀÊ'

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (660 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

HÇÉy—–ÀÉÞ¨á)t…ä}.´‡ÆˆÈ¸Ç>Ca‹U± =26ˆÝl[1¬ÈS/Ôëüº@ižž*¤€«W™tš·¡ gÆns5•i

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (661 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¥”7UÝ ’â <®V¬¯±¯ðŽ 3Sš Ï¿=|KräD¾™¥Aa·ã"]aGr ëõ?ß¹ãü>àñ/ü¶ ïa˜ßm^74üÿÁê‚YF¦~?%0¶³×ÐTHN´àÛ¼³Ýa„‹Ò#¬¼Ú{,•Môç~ùÇÁû/Tßóh#Ei¸¢4Ê4FëbÜ•mVØBãÚÚrâ8Öp0nìÑ

Ð7©”•N7âÊI>>ÛEÔl܈YÑÐmÕ|„¥NÿLT†Bêîä…-qê“vÇH]¬ææê…za®€9«Ð@ÂRT€T´J3{ñ¤3o2»Å"À,œn®ëj&œY]US‹pp•®à;þò7Ž¼Uqd‡ƒ¤¬ÞåÁª•Åz½0ùŠêƒã~Ä•‡(k|òóOÿåŽs:üyæ9áŠC`¬,¾:onÃ¥Ñunk²„VKH3ùx,îüøZ,No<9Ÿ7Î#—+ár‰ê•”„749Ha ²ÔvÃh•êÁVSŽX4Á~ŒBb•?P•cGÔ€•!²!Û†±}ÁMMÃh«;°Ä—¶B}®•,˜‡pÕ3pà ãmõ¥”xRák«ÙL©TNãi•Í¯‰åä?ý4ÿÓü_ì‹Cû4ççg––ÖfÖ–•}rÞA²F>|ÑëõÊ88ãçÛ}~š¸=³ÿÙ?ݹ³“ÎÜ øÍja($u–ifq•ÃÙ:ëòduÁ]Š6¡eÝ•hç/Ñ¿…ûÇBV—²lƒ'+‚$õ@´6˜²3•hë©Töo“j•ùƒœ)ùüÙ«W¥—Ï7Rþ>@!ûĉíXðg)oàRÃN—¦¹ tûX…“ZO††žZ_×uÒù$*âR

ùF?2ÎÍ-x«‡ÖüÐLm굓ē½Œ82×Wq¼í án¼B#™°jÀßFà a@üm¨«Œàª½\•Nn/›nªålz!›ƒ˜È4–)ž8‹ò¬-®¬‰Ã+ÌMÈÑ™¤½›òäÒÍ[7n¤î©%õžÚ•úwµœþm¦ã_ß¼ÎÜ•²]ýè²ê9ùXW»Sx™x8tBmÄÅ_…ŸLñM‡œ$Ž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (662 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|‰ÏE_<¯†í ý%܉‘Hm;¡ÍÍ>µMþ{þ¼Üü4M@•`t6]‰˜»ó•õ¨/ŽƒþœN†ÀY-¾Õ„äÔPt5¥ªë*d\†Q($ô¼ cñ•§Fz –\² @D 5°áŠÂ3~•Ê•€Â V–!ö5’^¥A~gÃ(À˜®Ã//” B>‚tDU£·Ÿ«¤†sÙJîGà.¤°Z.›•Û,!bD\&\-ëÅç` HkqÉ„ÚÌÂmXm7oÖön•öÏg·n}zt´ó»7vR•}fF§Lº²áJr?_j€Ñ…‰¡Õëw´$Š†l+PÚn†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (663 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

I†¦

“÷vÆÆÌ'*†ä°Û–ĉD:ÔWÏÂb’ähÅÑL3,Ì*ÊZÐíŽo%‚·n¼•oÜôÅÞoÄ®Ç6•®£•zÝåt¹â1yãyS«Ï‘èº ¢yw¢n()r|^ƒÕEPÔynù¢vBýM7dPÙËtÖ(…nwŸÅ545ñ—tSEÝ0tÊ•´Wªä* •¸i€µZÎÖ²9|ÉhÛ¯ísµdTK€Þª×~ZWô.,úRKK3k¸ÉIŒ—}IîÊåö>••Îõ÷£ªÛíh>œÅV-*ë´ËõDW—XZçKÚ¤æéíð–]:DF)‡Ã•|`Öâàh.O3ï^Œ°¼§ú‘ •é ÷P–ÈÂQ¤)E}…³àÿøò~ÞØUó»¯].hugç{l•y¯uj®N'öevÒý ê1E³áþ\AÇqñðÖãZIðĺ¢'ç¸=Jh.t7I׃€J`OÔFLè*•ƒÚï¹$$5:’ƒà ýôiø' M ê2Š©mÀÕœš¡¬«ä’h|Ãqÿ*Á©fƲÛy\µUíæ(iõêá—ÇÕã/@Ñ3âäÆKÜ´5•¿7Wó×r•…tf¡R釓í\M Ÿ<'톳n~])>‘>ÖÙ·*†¬•Ö¶‡!šl9£ CZciMÙ?akb„¥AˆõH7"̧ü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (664 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

TüÓf¿[ÍeÙ¬V?½¾hzÿÉƦ“N§3¡A<|¿!º¶4ÌÐæf‹%œ¯BL*C¶_.5ñ©©¦¨{Å[Ny•o%p$;%•œ+ í±ðb¿áÉ%.¬šQð¼U:•à’R˾É÷d4äx‚ó%xTÊØX+´¦ÆlÚÞ<¨©©à{¬ë===¬»øq÷ù³îîîÊ~mzZÑŒÝ-×ödƒÀPŽOYø7áÄžòÎÎM´P}›ùàK¥1«L—šªRlâ>1Èø˛ПL‹ ¨¢F.´QësÌ[´68ÁÛ‚P˜p;h•Š•ñ ¥† 2¯pi'ˆäòj:\nfJ)CÑS*DÅ|þ¥ Ú*̸ÊÕ(B±T•“"‡'Há,ÚùÊÂÒJë—™²€Í€«Þu}8<,ÂÕ8îw•úýÃ}t#'4ì雬MF!Ï ¾˜°¤ÌºL!zÈ|8_çÜa’ÒÝšUV•Oä•"+"Ú_„„ª§Q=BrÉ»®=œ'ö Ș¹&˜¶hêVm~ÿÙŠºº·½³½ áЉ¸ÚÀIÉXqÞŒoÄ;ÿ|„ãÿù``UTTU)4¦ÑIJãN8¸ý©YR‹E´O“•esImŽ[°û+•* ã"*Ÿ§–°D<¯ñEG¼©EMbhZ5àD@kx5œ)•¯§€¶Tõ.×€••B*ŠÄÏþ8‚k|~°²ˆ„7 ôÁ¾:•+nu`ÆHU»VVº>|8lUÕ¸z´¼<3‰ÀŠLŒ†hý¤ã•3.®N«•}qIçR”e"J6¿Ÿ¨vtµW»µ…¿ˆo•/¹Ë§L1/5=kÄ2Q<‰£"i•pm²¾û<\û¢¶×•^{'†@É•ÈXc„¹>½µ½Ó¡ë÷pUTf@X|—q-Añµ´ª;5•Ï6Å™´HA‡óD.‚%@!šsÔd…#GP^ѧTJ±X,¯ˆ2

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (665 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

áÊ;êZAÅå” bœÄ?ôT‹k¦ðœ•+“® Dz«ïWÞ•8î²»¥‚¯zAhyü¸€)Ò=JãÜ®²™€yUÕ«œuÊŒ›¸ºZ×Ìù•3çDFf.žTj]D”DödjŠ‘%`ŸÛ"㔕4šZÞæÍÓýDŽŠÄY•Je"<®ÀÛóEã ‹8+~ó¦¸Å§•^>ç•ì®•ßK« ¼Ñªòˆ Ö;-ܵ•M£1 ßTï0Š v5IƒŽ¸ÀŽV&{ ß¼•Ö* .à(d)¡RÔ‹ Ë«˜dd2áLyµYÐ %,ÜdÉe¨í®ÆQW£Å†Á¢ +o+€ìD%ã;R^X!¤¦÷®ã]ï¬;…¢å‡B¾ððb/•ª‘áox³É$Ž¬=E¶ŸNY§ZO¸ø|•¬ð‰i¾_•²˜¶,ÅeV¥¸§g†–\±0f£,[h…l

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (666 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 k³è1;éééa!ߘLLôôD ©žßÏîl¹ t9•¶žP‡ã&=½ùmjø)”ë¯TuúOb"•aH" _„”Ž€5)Þu&$‚h} Èóœ#ϕτׄ{€8ÀUº^LÝC³€‹9'<–Ã=©4ñ_¨À_”íûø_Ya‘Q:Õ2mbÌÔ]&uIJký'"ª>,´å^=x*‘ZÄ?9¹ÿù¶kAà©› “›™}×cÎÝ=ÀÕÁâZ ë½åÒŸ@Á¿ s‘.ÛOïyÿÉ-ÔZår©8«na4§åÁˆf»Ñépj–¹Å ÒA]‡TÕòj)©é«Ófçt(ã "j±¥fcç«3ä•)°ªäj½]|{¢‹¯§ÒUzÆUÎ+RŸN•¾ªas;˜iƒÑU+gÉ–¬ÓGÍðùßt‘>¹°²sÄ,ú2ƒ£8íÐ2WÄŒñâ´O‚x+‚z+2F~i„|®ˆ°¸"‘Ïì•Tjµ7ÉÆ*÷÷Nšà⤛žq!9¾õé•ÿjþàÎ| Ô «h‚Ä¿R©ôÃG6Û¿^À]=eZ•˜iÞSñ6

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (667 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

°“ÀJ•¢4fuei¨2L-êÉ‚ÉUkÐ`(a¹Ý±ÕÕp3¸š†/6×µ9¥¼P6û~•ŸP¹Ïp\n•U+_•‰+ÑÙ€Yá[njhÕW˃|áÙÜóü•gâY`Ì3 ÿg’ƒÖÚã`;ªd<£fÈÃ’%À®2˜[¼ø¿ž•0#lµ³–®v#¢…»¦pfîÍÌeP!¬Æjø\ËÞî@‹…°ÂÕLŽ•å.¹øöí½!ë`¿œT~õª‚…°ª,@¶b(îþæÎþ§•+ëãíóà'+g÷y$ÔÕîiP"¡ŽÑS(£¨&¦»ˆçd"Â`i‚ßH‹7@§1Ækæ` ‰•&•âþÙó=÷Þ™;öŒy

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (668 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

}Ú‹=žJâO¿çÜsÏ='M†•ÀÚ>éÔÑÑó#šý#_à·\¦©Ÿ®½|ö ÉÒSäWm®Ã„’Þñ’ÍzñéóâHf/®~“Ú±væªUÁ+2†•°°R³{®Øo–\!„Õ)XÃ\u{œ›ˆqnÅ„Ðh>YWÒª§+ZJpÀajèJ¥A<\}4YšX¹Ãƒ–§Ý±tçåí.º `s\•YTeF9ù^Z¯_½¢ärhp¡½Ü§2uôŸ/·ÿôú}«°>+@²y_c¥"´’Ùrvgs½¼ž&‹VDd•«ŠÙããT1õݳg©Íâ¦òœÈ‡¥¤‹£çß±SE\ma©CPŒæ—Eöµ¶²[/WŸK®êŒ”³dC`mowBWvP™ÁIdíþõ¯.WNªòÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (669 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 vF£‡x‚´*jйY¦‰p»ì0ï2†•hru5;¨¢o¬¯´—©GCNCv}˜î•Î)£âŠK}ëw0Z…_NOác!â°¿"Ö_Ü¢Ä}áÛÿóºÕØfÉ*XÕMÀPÎVË•rv=¹•ZÚÜ"·Šû¹nfÖ²Õâ9ðäÄ•ùeJP‚`ÄBXßühap¬¶ÖËú„Òt€CîßCºÖŸ¦žiòI¢èØÀ–P.«¶•¹íc^½šö¯8yoò•#XzL”קIE¼]•à QˆaØ•µuJŽ®|æ„A\.v.ë\'Sù:€ù‰•ø½˜$ET—UÄ•9ÑNÍO¹ý‚j™öûW•n¯‡Â\h

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (670 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘ûÜ•*´–Û繘äeA’ èRv+R]/¦Ó;;K<Š„V9[äà;ØÚÿx‡ã^›Õuá~!€¶¶Y\/¦6éñ#ãeÒ¥š@× %óºù<õ¯r¡¢0Ä•w‹¹r-áð.ç/pšžH_{ëMÆÚÛ#kÈf¨5èë F£!RdD6ƒeår•ú¦"YúŸƒÆßSéHuB\.nfI•&ø•ûÄG=h9Ž{kxå]«:UA©×•2‡6BkÁíÈ®â[r–hjFÒìE–Ð0kã,&÷}%Äšu"wªêŒ}+·_ý¥´ý#}Xo°=3²ø_ž°ÚI§ÓKt2³4³UE+êT*Å%”RK?‡XmÑÿ¾L.ÔB•œYU–±°à³QA¹p¼&¸öýÓ£ç2—OpÅXqˆTZ½m׿ڕ”IÇH’q†$Î|Aïovî8ù4{ƒccã¬W¶É’e ±‘iY…•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (671 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•éÌHe„ÐZ¯f׊;4±$‡Šx¤²¬ M•òBp«ˆ¿—Ï¥ ´Å—Xs&?Þ.IÁŠ%üöŽ0ƒbB¸;©Bðž¡Ât¿÷ÕB"÷Š¼¬¨O$¬œ½‘}ÄÖohù –O:V/µRb5t

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (672 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

3(‘Ò’´n„,mLÁ×rxB•nz,•wÂkÎävWs)+[¦ý—ׯþ|ë´MƒÀ"ƒˆV伇K•E`•žýó³í±·oßØDVy :XB®ÒÌT‘+܈ãÌf1Í%PgªÉÊÖÿí ¬2§•nl¥Óߦ·¶$O’+äéU6ÊYšnÖõÂÚfjGpÅPÚA¡W–«VÛV\¹q†Àð•p܇'ßuSåp…|wköž‰"î 3,`ZhÕËÉ@ ª&º¡êÚ«z1WrÕðÊ‚uÿ~wøÔ.[Nâ·¢7§sb¹2¹×¬9§$K¾Ò„§õþ‡W¿œYÍð~³FEÏ>Þý%dëÉq¨yöCë ™ÂR‹Ô¤Lž•‹°z¾ÄV°8#Mc¤‰ÐExÁ@F2Ù™Kd#³™L5SIn-¥¾ME²ÄT¥àdhXXf&~H°6qR·… ´‘ÐI÷ù\!ÝsoL)–FOUWÒs׺P0Xƒ{ƒdóG¯x:H¦Pre²w¥Øšè¦êª–PÏo¸òF0ª›‹kyÆW2°5$Û;ꮼ[[`ÁtlÞSå(V,rÉ_Ý:; 6›d ±EG¸YN—‘åðÙ«÷¥·o·Ù•¬qLaþUúy*•N-¬Hu“˜ŠT#(1Ë„aT‰¯4úg"pŠÓK–v²…‘ÌH2IÖo¤RÉŽ°/SX)ð••9Ö+¡Uk‡ƒÕë9È“©m×”‡åæ3ôŠ¶ƒ«wÝj5)g†c_åæŒ(±4;5Iºˆ«ByÚdïj‚‡ŸwÌU Rî”ðz‹;>¼ÝX•)l¹`™NSbÅŽÙ=„bɇ]•ýêü•Di ä…÷±Ó¦O”IZó¡Ó[ÿlýø¶Ñ*µê4wÃÄ\¥ÁUŠD+ÍbŒxÌV«>‚²ÈLq¹ÐÅ"ú¾F€c†ËV3#ôLf‹Yòµ uÄZaé˜+ä]µl¹0ˆ¾R \Ùbõ™ôŠ&xjÂt>|¸`GìOåÈ©Çî¿ý‘Wœ9YÔÀng<•+Ò.Ë&®X¢PÛÝŸ,øVñîåœÕ±ÇýŠýt|`RL9×Gö•sà!M¢’++ï…Õ/4Þ4K$Yç·~!«y„Ú‹ûXÒY99–Åû!Y‡Gk•mú„ë•N‘Ù!¦R4ó#7•La1"`š•Îff3döèe–Nªq·™Ða:•~Á\V3$lÙl¤\©n”3déH§ÊÄW½RYWb4%2•9Î͉M[9•Ð¬$>AîG¯vÝmКÜÝ}»‹å€‘„I p¯à¶ãæHò‘!µJyî]bå7)ZÌq\±•Ü…Z%w[|Wþñø©G•-tƒäËUÇ(±-l’f•râ}ÞÜÜ÷Uë8txtöþ3Ò“÷ˆ5}•%¿¿3W

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (673 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 sÂ"sÅeÞÉdx¯½ò˜ò%FD=#3гb…½"$^¶M~×H¦l·F²v®J%»”Ë!Ø„©`£$v ¶ˆ»$}wM– z÷n0—S\Ñw‡5kwl;‡ü eÜ3‰+\²{Õb÷ÊQC~¼ráƒÚœ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (674 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

©@ƒ‹ÙGS¥Üåclâ%0êHÉz}ÎV•‡GG‡Ø}|Ì[kdGˆº¿¹QG|ôû⿾xšz,¨ÂF²Tzi‡\«êV&s‡D TÝÁN3Ùp˜;¦gp›T¬:Ë:v'3Õˆbm6’ɪÕl¦Z¶ë™ÙlÅdÏ•"}²l‹üõ’i[uÓÎc•2oÛ•==_trÒW¬&Ç&—DIxñ:WfíWseLÏ>W $5D-rۧ͸ã[ùε`Ãåæ„SU7 Xn‘£)]¬nÔãâøÈ£V—äÌj|¶qvús;n^mì†^•Ÿ<åžóËávûàûµµW( ÷Rlšà½¤P¬%xîUR&î†Î)õYA”8b +sçaæ‹ØÇ~wÆU´1EèU³õ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (675 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘—¬$+ùÌR£•/ص½YÇz2Ÿ¯$ÉÝÏ×ÍO ]½RI¢¾x ‹8»WÃz£¯Ý]âj[è ¯¹;÷Äê`\L“y×iŸŠ5x¸ŠwqÕK·ô‡›J_œóË}dÉ{ç:ŠE²ðÙÆ9GH ªp“7Ìs]5®•„z2Çó+Í££ƒóWŃ—«‡ßÉ-„ ‹¸ÚÙÙÜŒ€«‡Y5ª—¤ ,›•e•<ß¾“a_³|ÌV²íÛÎ'+v£ad••$Í$ «|¾^«åöj92nàbí µbÇ]-J¬†kV´&¹2Ð…H™4-”n»ný¡’±Q=ÏOµgº ڌƺ¸îkqS•ÖÍéÖÔµ¸Xõ[M’«6ö?s“šòÝ•ÿÀÕÖû¸ ÿJ(|¸úôüÖÁªÚ•º¿•}5¤XièÕ¬ÆUR<’êŠÎø{IâÌaŒû¥gµQ–LUP†©Õ²ÍŠõ<¸2k4•p¸z'kv˜Ãw®«>é•ÊØÕîÛV.&¸BžÌÜôqW\-H ’+_²˜ªkØcIÇ«T7¦Z÷ï˽÷Ý”ÀŽ% kàvM®È{on½<; ÷‡Ã¢ooûudýZtÚ:ᢣ‡§·ÎŸ®:f¾„d=Nƒ+Éó“MN0F÷è90-‰Jð÷’7‰—ø–wTH¢F¦+p¨È$Ò >rëX5/YV•¦¸"C'÷Gts¥ôÊ•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (676 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

99élœØ˱˜Í•ŽˆNcŸ•`:X¾Ç\%&$W•r—^{ç>è`?K±5uµ·Á4uruÿ¾EýhéšZ0®©Xv©þÃùËÃp¸•e¥?êǪÎ<ïÿB•ˆcÞ FÇãÐéÙÁÑ7‡ûrÿ)Öã¥æê¡&IÄÔÀ4Ù-¦h yˆ à’nêôÁ·¦§ùu`€tª2MÖ´¤ÊõòóůKsÂZM.N{W/&•Ð‚ô¯Dµ56ƒ»Ã¶™Ë1W¼23§³÷æ&à^WÓ&EXi1¯€5•K'߈ tö³vßÑêÚt)®D&‘¡ ó••·ÈI¦L|VF£ôúì¿Â¡þ•þþ“Ð~¿ìv,û.c§)•ö•ÿýü¸}ö{é÷…‡3ª¸ÜéQ’É!ª*ô¨ t]ˆÃ4sÅl•¸‰A›æw;ƒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (677 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

’/y,D•)2~¦9'°29Öàê•?WïXÆ:¹Ö䊸ʖ2ƒF"F¢5÷•Ã ¥ÖHùQ<‘èô°‚ÂîÒ êáQEUïMö7#X uxYS× qM Éì4Ùd•érrñÒ@sNíRéõùj3¼rr‚Ì÷wŸC´ d°VBؽŒJ‘b'¹Wéâf5#}&"ùô9 9ÓŒ‰d…¾M¸bt¨àW^¦ò"]šóñM}Í@ü/¹Â^Š’c}]v•«ïÜØ»(XËXMøçGW,Y•èÚªoTŒ +q‘T9Ò.¥ºÀwWñÑ«ž¹W:b÷•íbS÷»[Ó]5ú1‚+Sæ>J]24uR§†éè™B«Ô¨••Ú¡$H8|‚l?!íCG\TëÛçìR”WûüɳU¬ÿmÂe•È®•ÂiôÂtI6íÚ1™íŒŠþêþ¡9(“Xƒš3me§%N6ǵä©rÛ‡Àr¨s½væ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (678 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

M-e}mËÀÏf3(¹ŠšsÓ¦e×+ÓðÊU•± GF;l Ï^ènÄn¬.ÐäÞž.Õššê–º Õ%N¦C™aHzbr›‰áÑ®R£õê0ÜÿS•¸%A~ZAÔ4~Â`ÍÏ/Ë6nÍæêþ“O?ß••Ê°W5 {Biצvs.¯çÞkoÕQr r‡¼o›J—öö‚,O6ƒÈ`@úÅ\l•è£±œe·ÉW••¨‘ßÚBÅ"3ÞÅUp¬Á±…~\õc9‹Ð7·•ñÔ™&?å˜I•+f¾…äù'X†ÃŽ•ç¾iz¯Û´¥ÎÚª~Ãr!Ò„ß¹§

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (679 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

^VÂÀê¨}zösߧŸ|ú¬JN¶—)EŒ“ì•wíEîçÛËd•¼È²èZ#·:î°è•¡Ð¢‰aEq5æpå¤À8+;˜,òMå_ £½óx íé±d£©Ÿp¯°á9•Â˜¹U¶iþiN$ä×Äe<÷N¨Lao¡ÒóG•UÉrÑÒ »¯#4Æ:Œ †4Lç ]ë—ø0 ¬×ç·ÚýápT¡êš\/h¿C{@ë´ÿÓO>éߘ®¸4Ár¹É82÷K¥{‰sÇĹÉa^žØÞ’&Ã6œÁ¦ÐÎW’]vPu¹Ô¢ïïvµ‚kÜ`pœÆ¢X 4…^qm†„âŠt«dêsqr¯0<šÕÛÑò±…Ï •Æ'¿ŠïG–wþ¨´ª£6Ò”†›#X>\ #èG›óÄÞ´^Ÿ¢ôèOädõ£Õ2k׊Ó3w~e•µ¹¿zpvpvû??ùä?ŠdÚÜ´.ÓìfÅ%Æ÷Ò5l’Æ•s‡œË•™O–³R‘&Ó˜«É/^tp…>á<°ê\²ó„WlM$x%'j

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (680 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»‚Ü«DXñž\î)ì9-œR«†SÿOT‡._®ºPÓET7xô¡Ò‡‹åÂ[§Xˆ‡úCý‡á}ì•8á®6P¬Ñ'£+è

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (681 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸ztð¶°oštÊWwôKi×´lÌ4ï‰>KƒL’Gš¢9.Š´†jfã˜`U’ٌԨTq}ÈXWDùYtX\¤•:MÐUâ.4ën”°ÚHÎpÕÛ}ˆaùj–Ó`üêÅA®ÈÌÕÞì8ìúŸ»•Ÿ^h™œ†RzÿÃùiûç64ÒE¦ð˜Ûª.C·ŽûFçŸ5QÊ¿}zû§O>ÍÎ9þ´a(HÑ#ïx5ä]X8y“8¡'}Ó€,Á"YV.JEsr¨E`qQ\,2ƒYÇÐõâÊÅNp3ˆŸdæÅ/\¯’2œæ®LÖÖ“&G¼vPQ¼¢Ó%U«råÔ!½épÃG½| º!Œúœ]4

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (682 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ÒûóÓp™Éäc†¹ã¶EŸpõcøïÜ6þè”+5çj•Ã=bø‘–üÁ/KýN|¢Œœ•CIƒ O°è{‹‹51dI®8ðø ‡k'wåÔ±±½íí\IN(ëÉòZ¶\¨$Ëe.¼´ŽYmv€±ô7ÉᯒHt–“å÷KôóbÉÅǺh«Ž±ß†¥îákÁŸ‰ýãκõ•láö›÷•j‡Úí)£Eæp儾¸!îDqtð²ïÛ¼Ð%h‘Ò !öº¥m3=↠)Ê…¯œ;j‹ÔbMr´H

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (683 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

³‡/·(*çJš{åØ9g“ *í>¶½Ý¨5¶kÛôà?(Â0ƒ‹–E$Œ–£‹Þ½Ë¶³Ïºcµx»<Ã.Ár_/ÁÔ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (684 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ëÜÔðšÏ@Ïnª0ç~¶ÒÒÎMk»Q•uF÷²‚á&6U`m‡Ïôqž5kÿpõYU Àš©E°p‚œ"HY¹¨|ÁÈiÖ.Ƈš+M@L1Vò©ífv.x{½¾³•·©ª22÷JùX“ƒƒ•Ãt•A²è˜³P™ˆ<÷O á¶#ˆ¡qå¬<_Æ{ð°.3-TN—Š<üZˆ]ÒÛºßù¾x‡Ñ‹:Çè„z•†VT|Ëó‡l£ö¦µÑF‡¦f¸ÍxYû?ÉJ¤H$=>&ÍZyYÌ+®”J9^·dG<ÅCÑä€$Ç".k§qà´7.:›Jˆè š1•• ,x—ó°ªãúTäSóê=Sa8ìô‹®Œ¹9D³Èu7ŒD!øzÁuÛ»¸šô±$@½j7ôHœqN~O¶ÐC¾ÞT9¶Úo«ÈRﵕf—H±~i†àbõ‡‘¤¼

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (685 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

÷Ÿ`µ 4"ƒft~å éLèá2©ÀKST7p9ÏE,¦)²H1W¥ð±+•U{ãB–d‡S0uWÌßdÁ“ÑçºVïË™B•D }œåŠ¸¢YMh‘ÐK@ǘ+DE]–wÚ×qWxùßý%kªûzÊáë7~¢÷Š•¨›‰XMÜû¾{Ø¡XVé³úy3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (686 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ÿ,6ÃýËËûØ_xr®83‹[Æ•’äyžR+Ë*Ÿ!xZ”,ÑqÜ5|ŽÅc¤ÙE‚ž ŠÄ&vW~Ò±DBrÕs:¸+Ê×*®Å•Î‰(Ü«¨mårÆÜ#CDF£ÈÇb®âU‰N¨.X-«‹ðS®§%?£ß“péˆ(+•.ƺÞ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (687 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´¢òûÑN¼P¿ö´‰ÀhÿO}Œá wÁAÖ;¹X0‡££ßfêÌ!;å®÷Ô!O¬P$8¸>NÇPÜÊcL°µÇ\• :R…5–¢Tia/WÒ½²H(-ÛX•‘`I÷ zeué•«YqeýmႧt܇+•Eê_ÎH5ñr7·-ìcÇBTi”pœx55:žð{/“5¢Ñh·õ´¥Â•ßn¶ûC'+ÍöÏf¡®Ñ<ËìeÑ••œDŸQ¹Üâ`<1Iã®R•k®”P)¸ä{‚(æiÌið½w×ý”¥^ìÅéàÊI¿ÿ›Ð+æ*WCø>úõ×b¯‰×læÊË”•)ôIÇZPGET`ÁóÂNkè’äžètý6 ű•*™JH®bƒñ€w- ÚÃÅ>^,á‚—Þ4 ?œßn‹ Ñt>¸h!HÆ1”¬•‹'T´\Åu•’Þ{Gˆ4À•ïÜ•] ™ºìÌPNd¿ÍJ¥tèßÔ••O[W–Ç·R•W¤`)J‡•oG!T•5–^ól¢fl¡}OÏFVV«Ö[5@$çi·v:¢ ]jÒ)ÞI¦à’ò£•à_°Ihb3šÿ¡{Ϲ¿ß»Ï6ä×ì…‚!¿•¿ç{Î=÷^xÝ„ƒ|Ü´R)¦oÜ••WZÏ<=:ìÄQD·çßo¾¸½ÊPÔY^Æ••nœ;woñþçK¼ÂI»”)ø¤Å=¬x•¸YÇÌ/¡àäæ]°TÀU«y5 R®Íâø9L¬µ=Áäªâ&ê%°W6r2åÛtöVñké`@²”zƒ¡@è˜1z2V\žØ•sÿ(±Ð*¦Št+V0Vu|Í'ÃÒªŒ;äud§”€U~ø‚a¯‹••AáN¶•£{‰dýºLœÖ¹x„×ý¿>°Y•J(•S® £â©ŠT6]Å 3¬êXQp!îAÆ–„˜çW\•\߃1Ðq(W„‘þö[ˆ+e

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (688 of 1076) [12/16/1999 11:39:20 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

=Û–ºd\ÀÖ!•Ýì¬ÍJ¢Ž“ýÔ¬8W^Ñ)j# ™ÍŠ¨e©\©'€q¬†:Ñ^.e ^¹wD‚…›¤¤Rô ã„×÷¡à+jñb¿inüן=ý{ü|+vÒ}|ïàÄ‘{Ë#›¸¸âÞ½EÜA£á•2ÍRJ Ž#•ºËâR4V P+Ê›ˆvÅd>#£`¯tÒ•(ˆ~R–Ðÿ*1(öJ]ŒC •'ffÒÄžÛ³ÿ:K' ±¼ME'‰ÝÛN#‹£B·‚ç°ú;óíƒÉb顾#©õNËò~‘¦eÄ8Q®ŠÆÇ¢¨+û[ü,•M¤hÁœ|Q~øô¨:~ò¢7úä‹Ñåƒl™E¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (689 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÌÒ‰C¨ÂÃ1ÎËwo§Êjþ§ä~d ôJʼn–¨heÊ…‡qG\Uâƒ8V´T,j¥«0XuG5xmA²‹˜pËe’fççi„.¿«³¹¤C^!Û.•6¥3€¬€Õ2t)ç³c¼o…Câ[äÌò€ òRtÓ°ƒyÂWï^“U¾_=¾î n ¶hv÷ðYm"ÖŒ•ï•ŽŒôš•ÞÁæý•Ý^cvd[FÀãÄ!Iÿ«T.×RPíD´*R«hôS§fàCkž.ª”Ç*Û W¬DÝ:B•¾=d¯4¶˜m—X‘gb&Aô õ{•påÌ_¾|•–ÈS…‚•*×(WÉbx„“Â>d‰•…a‡ÅL<•)ÊØ;4,¿Dž¹z•…'( þ,SZEuñ+x‰ñ‚!«Ö=•5v›•Þ½åÝF¬ÕŽ·Öb'M(p=G8=~¼xÿGÛaS3˜Ê,P7ì´ò‰ÕoT)¡E, +Q•¢á1ɸRm»!Ò•>æÛA&€+âÜaëÇB:³¾î•55yi_•$ÂÚóKÙ¤S^Èn{Â*A–qJÇWo…É

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (690 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€uÕº)MýÛ‚›XŠ•Ñ•È(šÁ¸CÞ¬;w, y^²¯íÚáØ#BÓùÇO/áìöx§µ®‹hÖ¯D²žÐ3ÿùæÚW$¦¨Z©QPµS•îÁÈ#R|*7+A–‹ Fr%Ë¢¿ÀeÆÊNM½ÊæI Ÿž¼t•éFÂy»ŒÍ¢I'ø(0>‹Yè~P©|õŠZ ™hÿ3ξ…R„r–ŸËcΞ÷¹û³?*fðϸIãx‘ø0qØ=Œ_mub«ïtX•z£°þÚ•á0ß÷Èû½Û¢Ê@ËŸX UËŸàg@¤X¦®¾þ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (691 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`!N QR¯Ts2XZ³(uí‰LzIM§ëeâôÊåéK„+‡7‹f¯þᔚõà•ªåJ-o•ÉêÛà ?œJ²Â{*³+öV°â"ýÿž¥,(?`i©lˆ,e^Y ··>htÇ;k•öJ»’ÕŠ•ß‚•‘›°lpú§ëŸÛ8ì]Ìü¹.•ƒp ñrض•ñ”c{lè\%Ù»‚•Œƒzµ•mÞ´í²™a¦žIÓþ,"^u_ëåÔü¥KS$ :¬QÆþò/•Ú•w*Xå´ œ.¤X!ÝuËEøS†E® ¢‹™]s•¶×…’r[®Nãø苉d¯¾V×í;|»R¯U«Äh•Ç;ãUBVµ•ŠÕ$.ÀzÅwzðÜ7woS‡Å@Sšàɶ=~þš¦SìªdŠ¦•ì“®W•NNƒZ7¬H¥m•°9d¢¾Íu²—/OÙñ!&SÙbÛ³¶¼Kõá* ìõП•ÐFï–t]ýº”û`Åáâ‘æ¦üB‚`iL¼b܃3˜$ÞJµe)\Yý¥JÙÔövmëð°ÚŽ·ÇÛÕjn•Éj6÷`ê•P…‡Ð“±xã¦n©o{œ+•"¹2PP•@¤KWø´ˆµ¢b•HÌÀ»ë@‘Ã-ß®hÉ݆ʤƒÙ\1U‡E§v4¬¢×èhÑPKõ•²,ŸéÖ© »àÞ”Ëño†4KæbgäIEK•IåJ>.öcªš õùv9ó¬vDlVüe{||¼ ªš;éÁ’pœá2ÝÜáÉââÝÏîÓ•Æ_ና•ó”m¬E…!¤U(z[ ƒÉc‘þL YS2ŸÆ¡þ ·Ö&1p&177ç:y:©3?5mY˜ÊÄ_e=T«dRƒ*8¡£ªUßåÐT±ÔšU+KÕ¬SGBKú,q›'õj™ÞˆÕФI;gfD§ñ7¬PÉá9™çO•&Y/É[ûoD´âh³½åe"Y›ÐY kÃ`‹7þø>•*+…J0_³„Š¿öMBUÄ ;÷UºbËŽ>9—£Úvº²P,ÜØÔˆ^Í%æò$u1)]˜žÆVìmO:N¹Dã`2i(`‰ú¨ž‚J‰†0©A-W°þC^BÅÌH“£*KJ}ó#ŸçœZ](ò–S4¥ûØ8G¨Î:+5w2æòsŽïågH4tËÓWçaº‘VÝS¥£ÕÛóEr(Õ:ÇËŽ¯@6¨MÙ3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (692 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¡‚ ?ÆGq¦!•ÚOeÒO/nA0kµZ$5$þ½Õºpo¯Ù;Ø=ØéõvP´Fa•¬{÷oÑ8ÈßtVž’Ò0–,jžEôÓ‹<Í’Ûö‚ØWTô!“13337“ ••$§);»úáG_^½Š[½ÁÞoK¸äQÜ›I@s¹p‰T}±wòž§•u†XØgÜ”E/®?–±^oB¥Åþ7ÞP!•ë+‚*¶“É<½Øíþ«•yáØÎn¬{Ôèíö^Уœ`)1]wo)O-žhKÉÒ¦Ùr9aŠÃ\Eé•b¯“ƒz‹2çŠÄ¾²•]z°ôà;8’凵ý}\=ø`öWƒ5`µRÉ–÷¨>U±ôv,^Æ2g†¾üœ×‘´‰É•Ó¢u3tKº+M³ègEºø•Dë•ZŒUïò5¡%…š?Nfãy•Ø¬¿uˆ»"dµÆ>8ø¥ÇrÜÙZ¼ñù¬T+Á—0ëžö

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (693 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

/mÒDV^±W<'Tñ:æÕ+ØH4S__¯AÌꃥ,œg¹PJáx¥R.-eIÌãúA§‚ûB&NU’ÍK†4KU,Ö,3t4ô„XÁ×…Êó‡Ø€¦ï.¼¨v1_¯C“ˆé¿ØÒB߇ñoS´Q²ÜôÆó‹Ä¿•Å^Æã¨;-‚䆕š„•æ£žP•åEAäƒ W¶*Tì= +#UdP®pU—ºÄù˜íñˆkSÂA(¥£8f–‰¥ùqᮓ 1‘wÖË¥ÐÓ•LQ®jÈ•ŒºF¬Xý]ãj`J(öö“¡§ÍÕ;Ów¨RÖ1>±¨˜njÿk «S•ñë•B–Õ•ø(Ö76žuãc/‰•?‰tª+Dº:•&•&I‰j•/ßûvdqñ3^n°m½ J~šb Ó©¹Bß΄iƒ®o~îÂ!…l‘*-¯

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (694 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ý`ÒP½ª@kŽã Wl]*¦ƒp\Ž-ï$5®¤dñ°Þ+&Wžj¯dpôpˆÞÆàÀ'ÃI¤3«ñøû½Þèîþ!Ì®XP)}ñ`÷aëíÜÿê–ÇKíÂ`‰H(}W)f¬ÄWa¶ Bˆ«ãY—pÖ®²ŸÚOÚ–Ú.ÛPipÁ¶Ãäw=áÖpß^ÆU¹J…°2²¥-²÷X~;X°d‘Áão78{Çê³Zç•G ”IµRa:m™`è²,µW–ªsˆ+If8ÑÿàüèHo¿

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (695 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

%xâác¿Œ°NbMââG U»{•Ææâ¿ûžÇêï|ó±"! S¼|d

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (696 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

˜Ê“÷¥)¼‹êV0®êÄ[ÍÀg×.ÁòÔ,4^¥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (697 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

®ã–e•µQ³r²ðÎ=Ö0‚Åoy¾\¹ßPÂàë®Ðå7 ”6#•æµVªâ{‚)(©EcŸÕ¶º¿{ÿ ÑoW‰zU«•5âßIr.~t‡DÃݽ½FsoóO·P«p¾Y

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (698 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„z‡(‹•B§"‚`>Ÿç³Î†Î+•+eˆ8XwÑ^U–._š*Uœù%›–E!ÌÚÁ»4ÆÂ\ÑTn ùtvG~•9wëM Ö fn¾1ªøªIá¦ÌQP¾øœÄѬîØ‹F§'`®:hß Uk•Ö·›•ó•½f“€ÕØÙ¼åa•T‚Ÿ•ª³®VŸõóù–²‚Uà LVJW®L/8t]*Ñ«|¥lâ Ñb:"ªh "+€-Ï?û„ŽiD·aª¯z•5*¹Iä¾AGÅçO…åD›•!dM¼|Ôîv»‡Õñv‡ðïk¯ó{ÍØ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (699 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 x-â¸^<¹ñ§Yò2·UÓn‘%vU®’”³ZiçšõŠr5CÞ*\™ê¦–XE"WT¯œ0U|‚rUCtd)X© ðlšÇ¡BÅë ©×[\¡ôz‚Æ•¨ëÇïÙùôFºÖ…¿»ÐìЮbM+ÖAO•ê¤Ùyü͵ÿ6‹]VžR²2ø«>\åWùAKRÅþµ!¬€+°W‰JÙIMM-Ô+öüÒ’•tÜuØÐݧ4\¬Œ•3ÃDCO¼6¹þSkA¯½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (700 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÞÿgœÄPû5|-K‚åñyùà€jÖFæiíâÑ,ðîí•j¼ÕjÅ;'Í&öÑ4zO¾¾¶¸9zÿþWŸßò9Wæjè•B±r†áê' z3…n¹”*]™J¹Ç^šµA¯àœ€ Uáî•®pƒÃÀÆõ–êZá*xCJú¬· Øk5X¾x–J—,Yx1?]¶[8†ƒ×ŽP²:ñ•jæIbØ8yÿÅèÈ?_¿~íÞÎÎ÷±ýVs÷ó/üPWh(ö“¬üpz%öS¬tÆM¤gÒiw¡´0}¹‹öjA›ÅQ¤Ê\ õb)e‡aª¤ªzñ‚ƒÅ£‚…ÕøàuzóãÕÈÒrZúb±L&•aÅž -jÏKÎ%†fƒ•Õív«+h²:c•ó½ÑÍ‘s__•ïúâæîn¯ÙÚ'Áqïû/¢ºbd4"< WÚôª^‘t°@l;•©4uùKZas5°í¥ÛÍU8F•ÑÔ•2ŸÇEqÈ V{nñý+Ž×ëÕÙg®S•™Q#pRG‘hÖñÆã£#¢Yãíxgìýœ}îñU÷w›»±Ö+¶·ûÑS}••"¥*Oßs…¶•ž`ˆƒiXaæÏÎÞúìÓ“—¾Ä{þÓ,r¥‡Ábð£*°9©VáUö}ÐRt_¯f¡ÅR—ß‹”ÜzKt•~4U¤²6R•Ô' r@=™Íª²Æšç{¿~ýÞõk7`CÒe8åwç[È[ûû•NëÛ?~~G—©€\Ep@ Ô«cÍz\Á!&ÎÂÂôää4kÁ'‘7LÛv ™®Z¢®kLû•§e'DjäñT

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (701 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

@ãmËüʽutúŽàÃÑ´JñS¼˜¢z«ALÉáÌÿ´ñüéøæ¹7¾¾~mÖC/oîììî5ÏCë—µÔ·šßß½e#à0õŽUÞÌ› MÈF®ˆmÇéœòÂÔäd‰¯í°ñžl®’üÀõJ¡*¸‹QßjCVßžÏíÀgr¡<õêyܳ˜.ê;~ð+•æé©êë‹W‹ý,˜hVnŽ•ÕQ8¬iyttô“ÅåÝXã ׌5{•qóP•ßoÇ•ùëíœZŠ)*T"öã •®D‚´5^:W ¢WPf ùàä¿LÙtÁP2ŸJ•kGátP0%>ìU‘·d‹ CÖ±4´|-vU”´*p)ÿ1"£9ØžiöOákÀ+ÌÄyFÝÂÆv5¶×xtÒhôF–¿ß_‰·~‰µbÍVç•©£ïtÚß•ýpKÙg*²#†•ÌkA0Š«äy…cÑ,jä*SO`CreáÊï'³`¯`+Ü|Þ\fPÉ*†'¢e.(W§‹2…f¿´„€1«ÅèòDeë]d‹}ïå•?TSTF÷Ó<3”*€0™(žÕºÕvë¤÷蕪8 ªµBìüw+äv¼ós{e•íÇYOLÛDÎr–TÁr]³\Aû‰‚J€•f\ÕËS¿Ÿœš·Y$¿s=Tf0Ñ¥¥ƒE1Žƒ¹‰¡oøR)kYB¹|ŸÑD/£÷®•V°mZÄeQá? SræêLVs‘ì°°ñ|»o¯v·ºÝî*L«+1Ðü°vkÞ¸ê4 XÉY&®«DbÖt…Lû1CÈl;–EK““SY?Ëýá gCÓ8!°ý£†M“yëôÑÐòd?•gÉÎv±U‹Ë–#ô«þ•ïì.e…••5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (702 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

®6òÔLÄ÷$Z§byŠmÝôñOégO·kµ‹G‡«„®‰•î*Ðõ3ˆÖzôç/æs‘î*Ï+à•"â ‰‚3°êt†giŽƒh¯ÈÏ•¯LNÙÙyŸQç›Àª èk`…²!K®^Üb•*êy•<Ñï€Z@ÑbHù^àâ¿!¦ßà%O•öQ[jêçI™J|ÚP•*çñW*>—¶“€€”~öp»v„ckkkb‚N#Bgüwû•þ¼6ëõÑ*ú9M\€S,H®fˆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (703 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 s§.OÛŽ=ï§ðø Ø=¢´úÉØ›!©•?–M‡!°r¹°}?•Ç’}•ÁaQÀPDw)E^žB–àõcå‹û¦_Påd³œ!Ÿ>2.aJóõ@Œ‚7x¿ž8¥ÈƒréxèÌS2¶/^$l‘ÿ¶`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (704 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

>ìÒù™¼ÿåS/Ê\Q³žaeðW°r5[]E©åj&•È^¹ñfmÜi;•²é1?©~RÅ ŠÚsÍ°F§o!+0¥IËÓ^ðìÊÑèÑ„7˜¤WÓ0õ÷ûôKϧj©8-:[

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (705 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»æ¦Ä†ÃõIã^ik¸<Ïqgèj†ç$&^ÍÚšèvq’}V{íV6B«”t¹ q«NQ•\§\[($©"?–••?JW¦Kxâ„•µço•ñÑ•_fqÕD1ωŽÄ*jÐÅ¡Ê;„¹èç•/`JSS-øf¬ð&ï} Ù=匊G_¬Âæ±pwÏ•¿?ú ,jEUJéTÔgÎèÔÙü4<µŽç0+ÿ¬†`aP$Žë•ø®Ãêj6gà*ÂY•Z…ã`¡^•c”àðh8i¼nÌĵÃlÍô¥©éÕÕO–V—>¹zûê’ºPÏ‚æ+x#ÖG®"èâ+)Ì gS.•^ÜÂïs¬ØDCKª‡QŽ0ô •ë!›®´,•iêÀ#ž•VQ•S¦¨N‹’𤢨îèÑ-&Q¶ ™gOk5j¶([[p‚VH•ª‚t¹Õ©œB®‡mqŸ•JH° ™í•ïþ»µz´ºu4 jÅŽÇÀƒxqw®¨^AÅ¡¿qG®L•~Æ#VOí²¼P¯ƒ§v½ù<•gW׉;Ó’¸ÖxRµôꪩ7U-¾ŠÛž/©ªÅEÉÒtŠûõWR

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (706 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

œ™lû•÷è•þ"Ïã*É“6‰N¿çk¯‹3@ùgæ©äVŠ•Õv&Ãïâ+8•¤¾¾ p‘¨¸ºZ :÷°H©r5äê˜v•£ÁªàÇ:œ¶¾Mr„?\ݪeØÌaºžI»åŠØÚ›råä]\“Z„¥Ïx÷‘\}ùßXÔö‘èOÛ°ƒ'ëü¦ø¦JÌã°Ëî©Šâs•a?¦nÎHLë¸âyâwcUCÉ'|^J0ôŠÊ¥„;ΕX/&ÐärNˆ Éü…«¾N|v)«¥„ SfºÂù`w•‡¥ñëårªVƒÖõh¿ý0ÃÒCšf¸92þ°£êl©V$7Y±Ð•Xo%=•º†~bE‘1ô}Ký¶P°h©`^É×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (707 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

2I–¨†á/dœ1®xÜesMâΣ"_¨(zð—3Vrg‚œžª›ùБ÷'©W•‘“ÊUDžÌa•Úv]¯@†*å…ÚB•V.Ó³ë¸ìT]ȩ̈q

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (708 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

BBæXÇ0˜wlXîœ{uD¸ÊXJ:˜7bÅ•24•¥n籕AÎ2!•\e®GT äÅ–þËgõz•+_•‹/¯ê‘‘[)M²XjèÉ ‹Ãâ¿:øPO=rJz£ª}(”»®hD•ì×ÅÍqΕ£úkèa=S¹‚[x“¼•íæí¢y/ÐüŽW¸Ã(,¦§õP’B¦òÈUi ¸‚dP¨U> WKÅŠnxÏ™z²ÄKðlY¡š°ûÊw=OÖ±)ýÿ‘wn½m#Y/Éj ¿Ýî—؇ÜÔ•£K¦$•âúM‘ÉÀ¢/² ˲Óè±eåbÀµ‚L¼é~Ø—~ñË|‹ÞsN]X¼Éžt’}X"‘J²DJäOÿó¯S‡Eí©PK•§*4•0•VžtUXtSIX+?3…®–DÍvò§˜ÉUŽ‘…VùC‚ËB :÷ ^óåæþìÌé²(â¢Âháeîå ´ Ëàƒ.Ç‹zUÛݬ¢^½£ËÐóí¶ÄXºÈ‰ARr•™w•&œwÿê¢Fc‚%ŸÊŠ•ÂoS••'‡ƒUŽK&Ëu¯¥@S*åib%Ì–!—ý-]õùy*±•Ò3XéPßÑi¼æÊŒ*c’HQÜ®äœÒ]!Rò"Ðâ®=‚.B¬¸([ÃghÜ™ë]-NpV‹ÎõQÞî`%OUte^S¥÷>sï{I#SÑ|½<Ú1ÁRC>ž'ÿ…²'™°Uaí•¡e¤fe•¨ÊŸ,9µ…§°Ê*©VÙSðɘ•ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (709 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

æhU[DÂd•ºyxn<Žáx)ß#9½÷Q=6¡Ì}•¸ÂKOG¼ˆ«ÚⶕV‡ÇAiÞ³3YøãÀ˜èDE¤ ÙÒænHí+5†ú/Ÿ]¡µ=N¨‚‘^2F¯P¥\ •ÐþJ¦0”DyÒWEPU4¤*1¼¾@ª*f¨´¤‚DIÛ•9PLhµô¼Ó%éÁFÁ$W÷õH¥Ž˜#~eT-•Å«dWBJÝo•ÃB®À^Å7þ€^á@´#)Kh–Tî˜X)Ñ;ðs†å}º¡¤ò‰U{‘ZC(RQ‘ØTbø$rU••úS‹J½dþèJ~úªIùr•ƒÖr¦¤X%õ긊.êÄ/ÇÃ3YAÄÕ:Y•º˜\•Ñ®0þ•Ã"Á:¶S\å¥Ä—pà_ú&/wëO´@„±v¶‰þG¤ÉŽ{‰)>`“ZxØüòXé½âS0cv'©XKŠÙó# ZP¬Rq/ .¦´šK£àìÿxC#Kp…‰†v•Z#Æ«6ÚÚ½t{R"ÝÿàˆŽ)³YiÿžUÞà+'ñE—¸z…©ç% R•*ÚeÖþkHR΢ö€êÈ,_2mzÄ•ŸU*[®dmhš/a®²¹š×n¬!`àu4ªº›?îü§;•BáºaÈ,V»…ᯕs¹wjUº\x5¶Mñq–ñM)¨¾e–ºXB´Ô ýge²XÒzU‰þRI<%²¥ž¿Åÿ±Åf0¥G‚¬–/Ëã¿ Ä’Å1æ¼újÞ~7ôyy¹IU[¯õ!hðWëB¯ÚB¯(9ZÃã`¾!cÉø Ž6e2~/'íÞ}?“ª¨”Èû⢕½ÄóYò‘ð ÁÄ%"^ô 6«qF^AZÛ%HEh="©|;ð„ …50»î奋¥ G£•ÑÑÑ|•rí" ®À^mJ0W`ÚFÈUrÓ²PUÿ„Ä¿é9ѣ̕tŸP^O«ùs˃#%aªáéð„Ks_cÉ—&•ãçËße~¾* “@‰ƒhæ&®„fQê*C¯ê#Du•0óνûÍO+‹G×I®.W¨W8„Ó¡8Ø&®Ü\®Ä‡ËZz¦#¿^Š*ù{KŸe/~«þ—„•Y*©‡•¼¿}•EϨçy‰|ªž}(»IAÕŽZA

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (710 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Á2âé«9^°œÆùEïeeC¬`†_Ž—¸¢8ØÂk;¢¸ýõJ‘¬åþó>¸ŒƒZÄï)áÎÙkúH}z·•½…4KFN@õõ—ä3Véû©uÿ– Û¨kšÚðZZ²òÊ•Œd°À˜'ý …•18>(†qèÂJF£N Å•â`Z´MCƒ•v‡äêhëÃ%©W&X¦èÆyŠÏhÔs25+•,Õÿ•`EKøÍ Ò¾¨úîY2Ÿy}IÒJLK¶T©YQÕ‘aÐ0\Q^´ÎGWÔG¬¯G,ÉÈ^&®Vu[Â^áõw{ÛŒ•Ø/Y¤0§éZ¢öúµO"¾.jڨ߷êÿá"{*˪Fœ)°D¬xg\ý´3KqÕy-e®RþJä¨Cé•17m€•ª¯dš¹Â¼·WGï•«Ìî`ä¯Ò`ɯÇurʱ|5ª“5íxuó•:Šbùhi%ê©q•+µ¯ä¾KNj¿bîÿ쨑•-P±¶H‰)•\|Žc>;»-õ8WÎB®«¾jú0y´_ï^þ˜²í

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (711 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸²=V•ÒN/k²H?*Ê>ŸÂ•ŸN¡|ËðøÅÁJ¤}µ½/ØëY1¢|IT

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (712 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

-G+Ô]ší¨ú…Ìü¿l!T ¾Äõê—{œÍC

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (713 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¿z˯»•$W†Ò+•*å®ä”jTÜ~4r•Ü¹•Ç›îørqjÏ¡?(Òíl¢Uò¡K•ö —H;ÄkÑ’•Y‰4ŽtµBk•ñå™çMY!©&åSVl>‚•°žl®¦|SûÖÒu‰_ˆ5eSKUÆúÎ>|:A+vy쳆%ZãYèDP

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (714 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

MrìNpu'¾c¡«®±<·n°UÐ.cL¤R3ÆÆÀ4¡µÞ²uŸø–~Žqu/O¢oÈèÇ'áz¥•É¬Í·.Þì\îÖ¨Z¹¶ëÖxú ¯Cø \åÖcñ¡9ø™°X±»t8ÔEÊ÷õˆ?b±¹:Ù?.0Ö/#WeyÌ-jWŒ³ý!¹Š²öŒ%¹*—õÕðæŽìF¿Èžueþß/òéÍãÁ•Ë²VÏWñi§Œ²ä•÷á“XŽOô±EßÕÙcì¼ù‚±=àÊrpâžÿã\ÝÍöÁc’)Û¶E¶[ô{¦§ð @q…0Ùþ¡Ó±;ü?,-÷'ƹzÅØìí[¼µÂ>Á”M¦Óéâ2Å•pí\¶äü’«õúü»¿•À‰_¿#[/jjj.àDs~ðQç%b¥×6äGBÍ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (715 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¤}V/w:Ò¸ûP–Ä÷UÉàªé >'r58å¦mžîõá.‰¡ûþÞ)וþ‹AØl†Ý€•ÁéÞsD¯ÒlzƒÁoy•Õ3©wÖ1HU¹|ÂüÉjîŸâŠa=C¯¿×ô½•¬×n‡ÃÐoýî

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (716 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 oWg·Uo^Öl3xƒ\™•Úá«Ã*ðdVÝ–ér¬ÎH•Æà¨Jl¥ÓxÏXµ]bÞ ¾c¿6Ry†{šúŠ‹”ôïÜ…x•ËÑï—•{û·¯eÖGqZ\¯Z”¥"ä1•:·Õwš)µ—.NÊ`%àÊqñ™˜¥•Ò¸øÖsÆ.ü){º€]6•ØÃ}·zø¸Ð´Âs|¼h‚V°‹”›¶wR¬„ø ¶Hl°3xWa€\7àÉ@ø”‰âD5Á©ßÀ bé2k*ì…_bÓ;vŽÙ±•ä°³sVò0â¶úEÓ |Þ6;‡Û36©:]ÚÖì—Û›ÂjŒ«1hY ¹2oñe%œzˆZ“ªin"+ÅÛ¼-Ð36×+ÛÅç;¶=’ßS,l•Šœ«Z••w0&Þtdë2ø•60ïyu2p'[b$êh•æ¥ó9VTÝÎËÅsRñr¼5yÎY¾`=¢„tù‰«™ÓFæÇDÝ×gpU.Ãa¾ƒ8È.

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (717 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"^y>@³xQ#´{ö|ˆÆèø|Ï+±³+ˆ ¼ä ;óàíSxÏ•h•’ºÁ À oÂ&{öD¸¯+òoP$‰'ØÚsxôïß(•ò+MØ^ý¾pqÇ8Wì|¯ÈJþê@~èà.€

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (718 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,àÛ¹¡Û«‚fÌ€M°ðÐbÌMéÈÚžéxE¶˜ÙµiB œBë YñºÄ UvÀ•#R¯.Ø÷¯.ؤW𡸿i™•=â À-M;@Øo•¶‚ ûô²´ø5yý}½-¹šã 3 C»»µÑ\?'µ>G®È†ñÚv,.^ÜN\e‰•n¯T ̇&•åðÄŠÉÈèguS\éÅ€Zq¥ÆÕêp0áþŠ5ËWl‚œÖ[ð–>eÏÊp3@=¹+ŠMþ³?fÛ^ù‚=•ðgáÀV•«®l‡vÕÞ'}Š¸¢•n°'^yÞOáÍ[•öc°N×#/~ê WÎ5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (719 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

á½bMÖï¡¿ê’\õ@©ü'ætA ít¹õqãzµ•x;ßnÛ‡€œý’•z6pPµ÷ØŠ oÝàf|•k4.qeo2vÛãÃ1©+?víNð^qÕ&®ZÀU¹º ŠÜ·ÿ˜èâŒk4挓•Frì™gEåÔWÄ•µÎÈK»rÃ\C%âª<•fù

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (720 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘ìJ½Â®ÜTp5D•å‘ýå:óµ°`Cèfr5•é•ãW=Þ„›Áù/ôgf²?¸RB%éÚ¦¤Éµ?A¸†g¡F«xˆ¿xÊGŽ\™ÈÕDdvˆ\½ Ô1ä\u‚ÿâ1š½m`3;ÁÍÛÝFã•Û¢,;N¦†Ó{Ìçï´ÑYà]€^f¯æÆzgì3ÁU§M'MŒ¶vy±(ÅÁ%ki)–À*Ç_¥æ?y$[_\ÄTì‡Cìãgrµ/¸:E®N9aR¯ŽáMá

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (721 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ø‘RL¯Ê H+Ü#|!D Öʆ¾?P·\yå>[•mÀ%ÌXݱ;‹+ç‰àj˜àÊâ\ùÝfÓwºö{¯&råèù+Ô«±ÓLþjC[㊒Z®mB¥²Íö<î _(¹Â¿çpÕZ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (722 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬…äŠZ@àÊPÐxÅ؇¿Oxåùùο·n´i2Z…4W™C³ÚÒ·ó¸8Est"¹ŠÂYÄ•£â Ź·{Ï4®XÄÕÐ*;}ëDèÕ¹²à%ÏÁij}ɬ±"Ø—\Y’+OéÕPÅÁ®ƒßÝé•oï9`tžú@ÓJˆþJpÕscqpvg@3?)®`]cוV{¦mwAÍÎ[•ÀžÁç•uÉÕ+°7ÕV‚+›ëU'¨¼¿|…*Ô~¾¾üúƒí›·[

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (723 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

äêfM?áùž¦¿¢Þ½~=éj¯ÑÌœ«Ø…q°RÏvn-*BÆÁw—·“¿JöŽ•’«%¢EúN÷¹ëÁʬÕR'³–Ÿ«€¸‚Ÿ£òWŽäjO•¡â7 •5{çîÚ¬^_»>jZõzÖqKhÔ€+{‘©]¿¯fÇAl‘6¹4ÖŒ•ê.c¿6ÐÁ•¸•¬ö;šùc.úƒh³²ôª•b…'yÕ „¸‰V§†S}ày÷åQ0ªï“EïYKf¸q•9Iª¸d=¬XMx”gà\Ñqö•+8ì—PS¸A/ÂÓ´U õ‚û+XÅ»° WF\Á+Oâ\•üØðêUtX>®k•ï ðZòáÅEìžyþ:¡>÷;±|•+L¨‡ÎUŒ+îÛùHHàÀ†®ÜKÜLßþAô§ð‹”\™¨QÀ•Ó[A®n9Rg=jw¬ˆýÁÛ s¤!]Þ•€ýÁqŽ¿úiå¢|bÅVðÓä»NZmè~ÿO3¬¯Í!öQòœŸIˆ£:q¬°¦”æ’A²Æˆ2Ø)¬Õˆ«•‚\ ràŠÍI’kÝ{ùÓÍôäd`9eÏêà«A[iÜI¯|Å×+”¥Åq‘íYˆÇUšóôø„2vv

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (724 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆÁWoŸcü´ú<í5õqxæjŠÙ~¿<#—¯qug¡6^ÝR\]„ü‡ÍâzcCúm¥kØÖ•Ý‹ü%—¹^Ù¨W=Ìb}ÜGÂLŸ‹ë3@þ0¹†/áb•ð¯ð k;æwìûÙ>Ìæ âäâe•ÍÕjàøàÇ•Øûdža•×!Ó•3MÕ€K„Ô½uÊÕ½"®¨VôOšèu¸¹’™ÑvnÎA¬lÕRµŒ¹ÞJÑ•7=H&Yü^xžWÜ·ûåוÓk¢81äŒ=)®,Jp²ÉUj•1q´ákÆlƒ§0„o«)‚ywi 6\=)Ò¦|kˆ|ZžÎ•*‰Ž8Æ Áš@Œ¾O[x •0 ¿]€`ØãzŹrTtzÛ¬X5 Àž¡H?tmš&·òÐ5$®ìzøžòí\uh/«•lm•Ñ }±•Æ/•ü¡]ŒSéŸhköðšxÙ‰z,CqEñDƒuÆbÑ6Ÿª†Ï¯Å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (725 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|ZºRå<™•BуÖ¡vëËB[u&ÓcÙ’ÿ@DÂÁ@`OÍó»ƒ&ˆ’ûÃþl6ùfg³>t1»ö7šôɶ)âGÀGC¼‚·öû›w5•pЬúáNÓïYÿ<¾gØ•ÕïbË?¼xÝ•Ðéá

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (726 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ì•nÓ5yb9lv}Ø—›ÝnÕ4ýîÁí`“vïæá›Ã݈;x3Ó3‡8X»ãrwÞb£5W£#Õ®ŽÇ-ôí•ËÃn ÏÁi•ß^¶#h´.ß¾•ÈÕ/X˜;¨sC^Ç ,$ˆƒ,É—±¦8«+®:œ+·j¶9P?ë‡jžÛ2*.Í–.Ëké6~¨)ÇÍšŒƒ©“ÃbIxÏ·,9ÄMùطʪÞÀâ·ô0|þ¼Yîã•ç‹÷Y˜ÅòѨ•y–|±Z¬ÅŠ•|\+ß8m€ÊÎ}jÁ³vEŸÊ¢jËA ë|ðWSh:T³À‡‹SE¦ÐÏ{uÏdñú"‘ÿ}n,¨hÁæÅoÙªA~׶›ßór† 2;ЕRyð#L C4pAªˆ«?¸^Q*•:{43òQ«•¤q7UùºAÅ¢tB¢A3lWUõ|[lR<@öÁÕCxeÚxGs\9ÕjÖ¬¬!žŒ•ðX>÷¤1]÷6!¦â*£ÚKê•<ÆÁsþ"“ö•ø‡´ ÜN ¼ù#Ñ»,ñ••tôWž$Ìœå5즼FåÓ<Æ<îêÔy^€Œ ,âJ“«_î•ö\\ob~4ª!TtÍù:OWÕéŠLkk«µw[ՖȸcÎgn×7Ãkè1rÕæVì•ažRò¿ÄNŽïr¤‚=¦§èÉ98

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (727 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

BÃ2ª—…8 ¯&g¥»0MžÕ/l{‰”¾(^õ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (728 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

žÏ€g³`ž Ï•çÂóàùðx!¼†àBx1¼^ /ƒ—Ã+ ¯„WÁ«á5ðZx¼¢ðx#¼ Þo•·ÂÛ`Þï€w»àÝð¸Þ18ð~8‡áb•À%0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (729 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

„Á|â•€KAÕ}Ça’pRð¸>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (730 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ƒI˜‚•Ã商O@²ðI°`f@õ£ø̧á3p|>yPm _€9ø"ü| ®„ÌÃ|®‚¯ÀWa¾¾¿ ߀oÂá[P‚oÃwàjø.|¾?€2ü~×ÀQX†ÃO ?…ka~~?‡cð»P…ãpVá:ø=¸n€œ„߇?€?„?‚_ÀÃü üþn„Spœ†:üÜ·À•p~••

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (731 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

øKø+økøø[ø;ø{X‡•€•„•‚•†•••…•ƒ øwøøOø/øoøø5ÜÊ*ã}Ü~îw‚;Ã^¸Üîw‡{ÀùpôÀ=á^poØ÷•ûÂ~è…ûÁýáð@x<…>x<•„GÁ£á1Е…ÇÁãá ðDx<à)ðTx<žÏ„gÁ <žÏ…çÁóáðBxÁ…ðbx

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (732 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¼^/‡W@^ ¯‚WÃkàµð:x=Dá ðFx¼Þo…·Á0¼Þï„wÁ»á=p¼bpÞáýpÃÅ0€K`>‚1ø0Ä!—ÂoÂ8L@Ž@ >—ÁGác0 Sðq¸Òð È@> LÃäàS0Ÿ†ÏÀðYøäáóð˜ƒ/‚êïø%¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (733 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

0ðe¸ ¾_…EøHø:¨AJ߀o‚ •á[P‚oÃwàjø.|¾Ê¥(ÃáGp …eø1ü*ðSøõmÝd—C¨(ëÇ—8Ïñ îð|´Õ•ž¸°{Ä]Xñœ÷°tþ/÷ØÆCŸŠÅD•}Ò¼–9FM‹eÉöûÆùl™åëÒѨ¨qüËñ¡!Ñ`ymdD¤Y®±nM}Žýë¹´X/IQ/äE*ñQçýFµ"RшX/äÄF©

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (734 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6*%Qb{.E¾Ù'5•úù.‘ߔȧãb½Î÷(çEµ”·•¯‰•F•ï”k•<ëY·Ñàû§ùÎ%¾³d[škSa¿ Ÿ-³^²¾À1ó\«4׬ kQ•¸Ž%ÎW╼²n}]]ëŠÈWÓ"Wáüä-]⺖R".Sb$Ï5a]Œ| “ß8ß?ϵKå¼O‰ÞþÑ3±TNôFE/Ë=10œ=ƒÃ¢ÞXƒ®ÿÛúúEO߀h¬oˆŸ••ÄEu•!J•šèã8CјH*":’æ|R§

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (735 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¢•0"ú†D$ÎrdDôqü^ŽßÓ?D^¥èéícß’ŠåÈWE¤ù|*_ñ\IDcäŸãô‘•TNò=Ê"•/‰‘ß'ž‘á¸$_ÕZ•¼p•+uQ(ÕÄù••ÿ¡hœs”È«ä{çÄH<-ÈO?ù)p®R¹&d©ÊvÎű|×z½!j5¥Ýš(•Êh· â\§T*-Fø¾±Øˆ¨TÔ6®9ÇÍå "•Î‹¡¡ûpò‹ÅÅÀÀ Û¸Îäu€óõò=ûûÅÞ½=ÜÏ*÷Ÿmäg˜k6Èö2Ç+IÎÇñ$yNs¬5òQ#å’zf$Ÿ)ðÌäø\Ší䇼D#Qt˜æƒ<#¢Ÿ{ÔÛÓ‹vªè”ü©ý†yN¤Òg½ÆE”¼ŽD‡E•ã–X7B¾$û•Y.qü(Ç©²\e¹Âú¯öOqŽüà•(ñùç•ð*Y'«¢¼re+ž®ß݇CÙ•/x¨¸ž÷Wìy«¶æõ1Âö›¯Ø£ìÑ^}”_bü••/4ÚHÙvª£eY[«ë;V.WD¡ õK“cs×j¨£Z]ÓwMr…#ä\ݵ¸ºúÃ#Ü•–s|¡8)k¼¦9†ºûjY5£¸Hœå2ë "å)K©í¨w(Îrƒ»¿Æ2ê•©õkì••ÊÕQÙ:J¬ûÄ+¼¯‹JuCD¢)T½Žj7Pï†V«QªRôZÝ~ºR*¿¨¬Zç8¨6‡j×ÖoµO¢RMeMäXßظ•'¤ J|gÉwN³•Âµ©°_™ÏJÖXŸç˜i¥(uÍx‚J-\Ç瓼 Áõ®p•ÓUTSÉ,KJrò#¬ãÚ¤cäu`¥Ì£R¶Ç•ÅÑAµÜ+"="5< †{Äz£.†#ƒ¨Q©¶Wôõˆ•ue9¦²ªkUmUú±Ñ!Q) ú‘¨•œ¯•â ìC}¢GÍ‘~ŽßÇñ{ÅP•OK^ôõö æ%Ÿ%_,i™¼•rÜ«˜:Îùè«]æ{”°ÈùÔ¥%Åp„|

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (736 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 b‰«ÚÂ×ÉG ë?"ÿ'?ª•äÕ”‘A,à@?çÂr—KX•É1ù.ÃQ¾k«]×%` í–K%]šÒ/N‰4¢J5J¿ Û$ÛTé—§t‹PRåØ'Å>ñ˜²ä™m¬b¹¯·WR:öìÝ+ªÜO©ô•öc<±C<•žróô‹p{,KU=GŽ…Šñü«G¯¬ñpt„ãÖXW"_”´)žÉ\™ã«{e‹›®²¾Âk•ýœƒï2˜çóXâH•×

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (737 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ë¤ýüw#ÀÝð.D€»-VŽjº-V;ÚbÕmaﶰïF{·GP·GЮôêö`ìö`Ô;܃±ÛãºÛãzz\wGˆtGˆìƑÝÑÖ•Û•»#p»3tgØ•‚îUw†“î';6É?ÎЕ‘©;#ÓŽÏÈÔ•A®;ƒÜîÌ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (738 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

וñ²;ãåÎÏxÙ•¡·;CïnÌÐÛ•Q¼;£ø.Í(Þý³¡û;öÝ_léþbËØ.übK÷¦º¿0¥ÓNÿÂT÷ñv;ýÿüE¼î/xÞŽÔýÏM•Á³û‹ÃÛOÝ_îð‹ÃÝ_HßrêþBz«Ì|#(št5j÷C^ Ø+ÕsôˆŽ´e9ºš=¢7ê èŒnÏ¡>¸<5ÑNWc¦?_@IsÁw!ƒ–BmTPWçÒ4…$yΔ啛˜ï*•9ÏËj«+c´:ºY®®6+³®²Fƒöjvuiai©¨û!M›3ÒÑóG°’NÄ]5>g3SSã™»A§¸R7•†PsÕÁgo ,x^–Ó…=TP>iu¸;žt}/a[+[Q‰sSšÔ|,ÇBµZ-S¶5YöŸöæÊW+Ü49£¾p•šÂº¡yqqaeiIõGVâÊ®3E]š@Ã3t"©=÷̸¶Pv´:Ñâ¸{6´•®æ솛P[Zp/ªåõz9Ç)Ñò6ÑnÛn¤ikº9pf¸Üúa{Ymâ¾u,„ÏJyªRcslƒtÛ)³«Y§¥yjyyjQÙ/Œ•ÃIep<¬¤í¸9¡&ÆuWdÛÁZR]‘ÛéÊgU½çãÒ±9¯ÇUhO>OQþ~y^§OkŒ“lzm»C`•„os"¸b×SG5ù^ÝQp•”e×íO«±s‹Sójc®²ÙvþÕèªÝ*¸š=¾´055¿¼

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (739 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 t*„Ê^é®WZW™‰»‹{ØICž•K½ï0ç–ƒÍÑÐ6••Þ ásSíèÊ•–:… T«‚Þû¹0X®se¿kÕ•óÆí°mÜŠ&a™>ß••ØfÅaHœÁë'3::©â¢9ÕÓ}I<¯:<µêyX³NÒ¤ª7NMM¨^1èjb|qÁiyöë©•ª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (740 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ó•#ÇלßVû;\‡›-¯‚®+»$ìPjyób°YWºÌšfçbQu2VsÊLLd‚ao,ý‘ÑœjÔcoT•¨{Ê´èj“¤§¯k´»ªj—¿YÙô]Øî ¦À‚Ö•o?Ýôœ•••Ü#HÛt9ÛUr,™÷ÎÞÁ{»ãÉm\÷_œi+ðÎjÙ1”ål¬m¡¸‰¦´½ÊêJaPW:ÞîtÀšTÚÊè¡Å`¬3ž®F‹v÷m®œ.îí¹g¼JD›rÐn¸sFG´ 24É©õÒmWVÍò0âqì”t%ã¨Ìˆ-a–•”HHm¡´¥J•Þ~kyc@pMÛ~¯‰Ö|èš –¿ZÝAR›ùï›Ù«¬ãbù‡;«yŠ²Æ•õ,×R&ëk´ûÊØ=e’v÷LF;Wª6“ÙŠ®L?³&CÕ&ÎîïV|VÂ’n‰&CVµt–±>¨Î•R

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (741 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‹Ò6MÒV“§+»nh¿³^°Ô6a>/Ë5ˆŽÇoü7ëìÍ—7J¤“¦‚}$CâËB»7V¸åÊÚcf°W¶JN$““ÇŽ?¹¢gýÐUÂÕ¢îaœUnû¨ŽˆÎzªr÷¤D˜Ñ•„z$Ž;–¶¡ËA7P—Û`Ðv˜¶=¦]—ý,T媩٠Y¶ó,VS¼ÊÙ#á¨@×õX WF^Ò rþ:%¡i¡ö¹[ž¾ÛU¶œšÂÃÓn€¯•Ùškïhm®+Ç\´+ gšû·Ÿ™M—V×’nTÑ,ÊÅ€ket5j‡VõìÊ»š°»Ê,ÔU•–ýƒnBç•q¿E¸®üæ*p‘Ü|Û¾ú~9ùÍ•c:ì›,ó$FˆÒ©ü黯-’åZ(Û¿jÑ•c·|²JøL–ëŽé”°B„uV2ó=xw+\W•NZA•9·§•¸:¶Úóé]×”f•Î¢Åâñ¥¥‰•5ùТ.))(}cSGuwÕ¥†••o•S¥[r´ã>§de\övA߬i¡•7Mq+ßE3WqË×Û)èZl‚í$ù*…vAúïj“+f«Eú$äûëw´ÌËr

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (742 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

F•Cµ-¥@7’?wSh^Â’[7t^¦}þ¼Ð•þ;íuïžnõçÇfÌXÐLfÌwg:vøÓ®{“¬ÎÌŽz½ô_ÕkfõøÉzíôÅ/×V&m%W'“Ù¥¢íØ»ºÊh]M¡+œ+•7CÍ©Ó°S÷aò]7h¸~[N®_î,ºŽ¡rŠ8éØ+áúÛ¶éÑj²§ÜçPŸª©´L9èï •°ÜckÝshÑË6Ò¹•ÕEïù´\˕ל‹ÏõâÎåt«÷~ieaqÊò._.®l¶Ù\éY•õd}Åb°{NØ䱕Úe§—kõ•IÕŽxøpFÏCšõÛ«ãèjb,3¦Åßvºò…=9•Âüª•®K/šàZ')·ïŸ£+»½Ï©úʽ„´¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (743 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5V¶Ö¼²ÒÈÌ2 :YVk9(ƒÛ¾°|FÝ1V^5Ñ×K¤u~ÓŸskrr¥^¯ÕjËË‹Íåa§€ƒ¿òOÙ7[Ô•Ìzî+õ76;òš>´„mÿÛ÷Iš[æºPÒX%%5é §H4æ©E<“|ÆnÞI¸aˆDÂStÂËUÂ-

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (744 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¥«miØž¢Ìò´ñL=a..å\VO${bò–›W”¦0TÐh4jûkËóãM² ôôkX¶¥T]Üíß›ÈfÔTE-æÊqÛUOhXT+£y•Ï_uåªßœÊ(kÎôÛÙrè×UÈx.÷"M‡\¾ÍEey!¯´œð“ 8%œåƦ´•ñ¢áÊÚTo–)K•ñ“®¥rì¢]yÐRºò—n¾ƒûÙǵLäÁjmŸV«2Y*e×Íž¸õ–UðÕ´®ÐÔéÓË•ÓG—§¦[nàL“••™iÖ•J¯å$C¬•™‹zà‘#ÉÑ©ƒ±N”‚'ŠÃqÝ[kqbÓþíÂa™ÏÒJy 2>—ؘËqÒm{²#t¶É•|'a*Š>“h9-F^q‚lW]•¡Jn§µ€ª2ÚP•8qâÖ›O®ìÓ²Ú••BTGO‘Žžº¶0Õzÿ¼™<ÃlV‹½ÒUB3ßGX!h¦WSºJIf½ïðxf|^ª‘^v÷ÅåË~>>7ÖÞa¿ôÒ°¦ÇXyE•ËSµU9YíJ•„c©ZWnãŒ}g›e6WÙÙ¤–z¤«*½•–Q½W:JgÙrÈ•H«e`’ÛÂãó¸æ²jJì3“7“NîÛ§}*êþGO]pÿoº•ÿ?û¼"õ¦_lÖUk9¨\¬¤=ÝÇ‘d2̹òt¥§¸]:xàÐøÔ¼Ôa÷ÌLFM‚¥" ª2ØÉhµ+[fw45Ám9íÁˆ•yæ¥ãÉèÛiŠ:'*à‹8µ*`—„¥WØÙÑå u•Nrb#Ò„HŠªn8uêGGI§n¼¾råütÛ¦hwà^«•¢+[X«Á.-KÍ¢tµºt袇æÇ•¬ÐÕÂââøf½Z[Í”[¶xW•gY•!o}m4

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (745 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¯Œ]¾˜š¿†ÚEuLÒçUùßk/^šnW[®¢ü×Ù¤qþÍeñ¨n=Ù¸àÔ²ò¤Ë§‘Š²å¤¯7][˜w†Tth„vä>y…•ƒº$L&í9>®k5XŽãîèj´¸pð¢ªåFAÑU±¨æ$•h¯(§áiÎo±B'vô·n9ÙϵÓng¹•¦Ü"ÐK¶ üȬ9¶'hçó•©;Þ´®4•O$+\Éj'_o¥$U²š AB¹—Fò€¬½ve±Zµl4áb‰0Û\ÒÊ1T IU3•§€Éú¥6ïØëÖu|=Úï•}žóvÏ}Ãä•É;p•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (746 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`î•ÿó?ÏyÎ9D_]•™¬×J—–21ÐŒŸëg Gçæó¿Õj¦GµGýZpõ?£G?.føt°$šdÑòôW(Xl}¾º …'WÄ`aBÂ(^ý×ëT¯ ¨ªFýÈŸ+k¨ÜÕô(ŒyÍj+ûÆŠ©oáߎ³YzoŠ%·’|@ÿ•2žLYÂeýÁS½- %+½ÒÜ©…öûÏÏû}3XýîàQdøShÇÿ;Ó6z¼ñýݼ"Λ0å-WVՌŖ'W[¼ÖªIÀòæ*‘n%È„C¿~õj‘û+¥ˆËD¦¯ÁÙÊÙ¦HÈ3¹<âà||oP

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (747 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÇK‹Y,€hXtžÓ÷×JΟ$/Yx+JñpÚ†\-}¾²µõ$\(T*Õp8<ß-T÷Býž9 Ì~hmc8

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (748 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

VFûìd«ùËñ\;°°ððö•BµZíVÛ»½Ý½ýÁÌ`°ßÿi#4•‡ƒïܵĊjÀÄ5þ(c’bùs…™¬•€jË—ÄUº´¸x÷Ë?Þ¸zå~ŽªUþ‹&Šö8˜s^æd½Zò‘+69ÐïM’ÞRi°ƒ½óqùN;óT >Œ¨çj¥’ëGö••÷ ‰òàÛP«b‰••æÏõ££³ÙÁŒùëÃK·o-*(\¦ÙÛýöù ?ÇÃoÿtçž*×$¬d°&qEËO¯VZé(Λ‰*^¿vŸ,5C•W‡0ç¿ŸŸR½òŒ62b•‡8˜ù•ˆÊ¾ÅDziV<.g´l"6

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (749 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

WØ<9inU‡‡sàÌg?2;ëëë•Àú•…§{ý^{/4Ü8•Cû{•¸ç9suB¥åJ*ʺ˜«-n±¶z•$û?'ÒzQ¿qíºŠ“w jËeÕh`?ä&påUrLÞ•Éh9jJÜTŹy•g2-ømëͳy?þùð7ñì•ðí!–À¬£Ví•••A·•xóÙáŒno_º]hïí™ V÷¿û‹ÿ„•œý„ºÉŠM•WÜl¹ô* Æ•øö¢Zü”p¥¬-*1Í;Ñ Zòl~åÁ$%ª,ãÁFû¬Œ§½¸à·hoS¶¤<*•çŽ~"·”~†S•jþTmc.}yT•Aφýó•NÃÁ•¹}ûVew÷»ÐÁp°wç/%{UrL>šÈUìU¸âd9±B®># ,CS¯_×[e%¿¶\‘Ĩ‡qω+—TyŽN•`àqO§Í°Ï6='î*¼•ÆÆRYüªäôóbTÔ-%•h6“Çõ•ÉP2ÍTE€«Èø|0†ƒAßì>¼Uh‡Ÿ>ýúîVÎVÓò”-• V8Ç• ÒK_®Vı—^‘e¸AŸt½¨¦Õµ|JÍ¡^Õ‹¤Ëƒ+Ç€•å'glÚ%Š_xç/ÎÆj%wÿÌ€qˆhïÃû—D'XŽ…𓲜h&êgÛGÛÛtàÂ`m4†°Û7A°Îf°>ë?3È劕W(¼pÝÔ«I°Üt•ðÌè–Ë^Q®°š¦\üôÓ:1WªªÆÐ`‘B÷³òòPç$T/±š *¡XÑôê ÚÅñÌv•lVº%ûv=¼4ÜãBËê ;JÍ2Z²™8¾üâù´ ÔjŽX+Àj°\ÍìBçì§Ý…o*EŒrø¯—5…dqAòV,a°ÜýÁîÖ‹;•DËk×®\/–µüš¢©XÇ@õÊùìžÞŠ¿øW•€ri•T—ád9 Ìßn»€àé•Ú+«±•‹½¬¼,VZ¨úølö´?EF5Œ‚cÌO…†ÃÐÆxøm»?ÓßÇ¼Õ ¿Û¾›YR…Jbe_JYìLâ*¶œ¤‡Ÿº^¾ôäÊé¯t…w4X•´RÔUЫTNC½ÒÊ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (750 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‰+yå/ümóO§•qj½}rq1.{_ÊvýVš5Lž²YÂÕ;"›òRVKÙÊçZÍæÏõí³ß•Ôë•çF8®\«a>="d »ý¾¹·Xí·¿¹›AªEZ®Mž¯ã Kò6ž‚…%ÅÍD²ÕhlŠ•é¥Ð¸"ÅI{–!J·§‹e¥qræÞ•+Ð+C'sr„R¹†™½Ã XdàâÔ‚TF’á_"Ë@ßüw%WYé2N8GÖíY¯ÿ3Õ_Üøp9KÉy(¹»Zuùlî“™pÐ<¨•Èèò8ôtç¡Áó¾î홽½ý~¿]øOxã…•%&âÓ“ãZ^\‘Ü(§è„Ì¥‡†Óé›p‰»ÔÃÏ•$ô&š+öeŠhL“õl[š¦5Œâ³5œðL¸ÒWR‡Ð/¿À'¬É©…iüzÉJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (751 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

3ÁGmâoK¦²ž?0Œè;”ŒjU6k÷Yïª ¾¼\|F‹&’ƒBE"™fxïàk_¯n [b+r¼ÑùÊÒ`æ`C"‹]d•Ègû¯ì•»ÁNà7¡ÈÖX•…†À㣳Èì‹/fÏC½Þ¸öh

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (752 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 x5œäL¹2ØÜTI•<À²¯Á`›õ•™ÌWûË܈>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (753 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|ƒÓEÌQ–rãú]–‘§Ä0x8CH™+é•ùÅ)™çßæÈ?`Æꕇ³¡‘Hd8<ÝŽFÄ°?¬úƒç&Ž†¡µ«…;‹¬‚†Ë•"u¢rìÛ+ÜÄ|«gb±?Ëθjʉ1É®¤Öž•={üãÆÆ÷ßo<~üÕýûÏòþ@¶p2½<’Ã_†C«Yv«:Ô(iˆÙ1¢/å¯Ä•Ç«’åÖ¥¬•å âB¡dQ‹g•<ÙÁ²Aêmiû‹¥Ò-Ùü¥~tùìãV©•†³Ÿô~EЩ÷I3{=FUaAP¥ˆ·š¥äIœ^Xå&ÖòÉŠwÆ•gÙyɨ£?áïsº»s¹¬*©'ÿö‡û7o®Þ_]]…«›k8sBå^/‰¿V{‚•·IEW•Ê³•%ñþ¾íîŸà‚uõø•n„|°bÄwoYŠ–L•|vvøû³2Ok<žÝ݃. 8õ=óT(U8¬>¸+½µ ‰„,Ú§zÆÂØ„”ÉÕýj%ëÖ «ì“rHùqôóåϵRf™l9aܸ™Ï‘Bd®Tbåjžs¥ya% â+#³59:-jɆÕ4TIáÈ®TYg´’µ*ë¢ÉW§d°¸Í’É’¬—ãU¼V³Á%5 ½Àí³ÃHdÇG•0¹>œ¯ì ë×Û—ŽLµÃ¸Óeåé]j¬„b)ìÝ_ÊXùQ¶w“[³½Ba'’ÁÚrP®l%£Í&V‘âqn—Jv^ÒoÜ ½ÁMŒjFWƒô™*o•¸´jŠ,;åÇ5cE’«Wl6œdœþÜáɧÃ+.ÀzŒÄ/,at½È‰•%µ”r2¹³}ùl.òÕ ôêôCƒp

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (754 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ßpÇ\Y,‡åä.V+\ìq¼Ù„îÕceFKþrÆê0ò¾Fÿ¨Õjà°ÀWõÍjPj©

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (755 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

«Õ`µ°ð§ÿ*•X¥xdMÁ3 ˆ–&,FÌB;lÖ•ƒ/½Fr(HòHà„Ù¬f‚’}xQ®ŒÕk×ѯCTQ¥4W[ÂgrAª—\ÓO}qâW–«²†ÃDùžïŸ'~•1Ž;pŽšÄ…XÓs%ó"X’¥T…+?Ý•¤ÉŸëG_ŒæææjµVZ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (756 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

C¡s¬T¥Š8ƒˆU·Pxðå=ˆ•<ÁÀ™â‘ÆA)ßàBËZm‘%[,¤ÞIŽ€<âqãÞ”Gq9¿&!‹¬†\&qPK]C®rT¯Ô˜šÂmr0òÉg¶U–<+¦X-[‚Š•‘µêµ”ŠŸU©_góQq®7n’¯’qáOj%7²xÓÊVJÝÙ©ocÉBd4‡Éu<š%u0û¨R•BÑÂVXxð…š]«$ºäµg–ø†jžšåÑAÉõrkËŽšc®×Êg4ßLàdœpÕ2Ôü•+×1 ®ršrÿ‡"n“ƒ*)镽èšÑuR§gw0õ:é…lVd¤dcó¶0ʺÈRC‰9gÁ¯8W’å›ÜÀYµêµÚÙáÜ\d<‡JU#Zu>ôÑS»••UíV*•õ«FÙ0>…

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (757 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å€œ…'Ý3öô¨”opær–x8¸:\½ôÊa1½’rÑ(’X%-£ÜjÆ•+WnâjÛX}¥ª©›•|¦ã~¼d^¿—Ĥ®œWâÊ+g7ЦZââUˆ’RB•8Yï°I9Tr••w"¹éq‘†•ôl÷â(VÆæÎö'ýñáÜxcŒñoDŒÕ oöv«ùvwýáz`ýá¥ßݾ£”Ë•F£L]œ‘î\ƒ§•œEQì‰;6 ó…Î8(gF=ª°è¯YþŠ,•Šõy¢!€•l4Òš¢\¿z%ZJôJɯ¥°C˜ÚÎg<–ö•CáEhÙÊØ'bõjMŒÆ¼kuòj,ÝM‹»¡Êò[„´qqšîÝã@¡íVTu§~8û|8ŠÌtºýˆˆÕ`Õï…Û¿BìëÖoÝZ‡vëëUÕP

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (758 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Xe©ÑeY£;z“E•ñTÉñÐ+ 9ÌYc*‚«-WÆý¥•«)&˜`¥[QÔ«hÀ‡Í_»v3ÅôJÍç±;„k)ÿµÓÜ\ù†@÷¸•ÿ¦®2v}àßSŒ|ú’¢¦ÉFVF8/ç}…RŸ”"E«ZTø66ë`«BýÞÞ`hVª{ý6ÜkX¡¯

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (759 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬“Öéžþ¨hU™‚¥!\D•X”Dg‡Rí¢K• Wlcûm‰èr.ç$ËÁ•ÇáŠ<—Y"ãƒðpp˜6€+5•ÏÓ$•‚K`²t•råÖ*[UÌ4¦]vì.¾^ѪgåîŸû„ÿf-žQ‰¾«iìW¯DKòÓÛlŸ•\ƒîáA)…<‰flþ\¿„fÌp0h¢Ÿj?ÝÝ3ûû&hÎg®T:•N.¾*F]5†F‹i’Õb[×P¦ØE§èz×¹ŒÈ6,ÉT%°EY]•fÍ/Ü’–gkË^ŠÌ*ÛqÊÄg

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (760 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÜÂkñßñ¯Ôˆ¹RòD®bª‚”G,öš'8)GÚJÔÞòµ1.äJ|Òåó牢÷ÒJ9ÊDNQ£Ä§æ<_‹„>û[,¦t°µ VŠ±y|T›;?5ÃÝùÓpµ×ï›f/HpêV«¸‚` P©ª êk¤(GÂ2¬–15ÙjÑí·Z\¹$}X•`‰¸¤±ž!ãÊsl•qÕ´fz± ôd½G|:ðVÊ⢂9Q ³©/J*!,b9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (761 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,ÍI•{¦ü’(‘ñsìv°ø>ä}¾X•¤N•£ÿ÷›*”Üâ95Xà?ÆU43ñ¥•Pˆ‘‰"Á•5µñóñÿEfÐI…;•Þ)*+Õ`{¾Ý®Q…N‚` S(<ýï5]Å5Ñ•)UfËÒ¬4ë¶Ò| •ÒE~ƒÊÅZl9É°B°È™ŽÁ"[vãîÑä‘gªVdèÆPËð\z‘,†Ì“í©þé9Ε⌕‚+y=vwª½$Så㮦‰zR(kK-¼×F°ÊQBÔr‹8Š˜3 ÚÚ=ÌO©*ê©È•nlnÖŸÌ͘ƒPhæ´×ïöͽ^¸¨`rý×j§S ,€±ªþþLQéJûœ)ø*k†Å«Õ¢‘sÅ"c+M„,¥Q‘x©4®RŹJkD«4"X¸ÄÖ–‡q·5‘h ’”;‚…»¨¦£e¢µ¡+4ÓžB…®bj‘l ž‘½:½r•÷Ÿ¡hM0U´ß#÷KS) ‚öÁ·•+ †ªò #NÉ÷î÷€)‰âÄÐRuÀª‘<>:‡LÓœé™ý™•§óáùj5l‡!vЯ/•ÂÓ;L«Tº…ƒnˆL^ñP¨±tƒeß[e‘•@ÅJÂkéebØ,d«™XæqP#½CÊÕÊ$®œ÷Ùi¸"³Rq•íTŠ5,¡pÝÆÝs•J7S¶\²\ñYò¾L¹s‡üÜX¶±ÝwÎä–ÁH%'—ƒ•HŒÍøÜ¡Ê ÀVÁ•ŽZ¥ëõã•'£áŒ‰µŸ½\öÍp˜*0V`Ö±aüë*Ù„ƒeHM#|‘®¡èRñjY?ŠˆØj‘ ÞÀÍ[€‰H’ûvÛ°•?WÖ!}•r¥õzQ)§é¼T2òŒ[ˆëžÆÝŠ‚ªÙ•¹ñÎ(h•ÛN˜qc¥§¤(ø•Ä@ðìŽpF¸RÓ9¯ûÆSL£TËRñ¦ï`ì™óÁnµgž†!bñK¡Ò%huH[X(

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (762 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`©d· ÜQGÉßShn/¦H‡0#å^×ÿ#è—å\]û¤]rz>¢h“\7;DpÊš;ªØïUù?`«×•j˜ž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (763 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ç• Tv•*ЪB%ªPÀ±wß|µ•(EƃhQoØûˆTÂ0¢NÑ“žl1·ÕŠRº’B¶Òr$ÔW+æÓŸØ*N¸qÇÄBZà ©šÝ0W©r•#

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (764 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‡”;ÑàŽ•^9ö’dÚ]xùÕ-x¥=ãbøö}µ?{Ü–±K×.UsB„J¾ŸüpRÿx{TAØÛí…ç+tTÝn§Ó…ð‡p×µZxúcJ)áþTát>)Xªê$KFÃ(³Ì–Æâ"ÝãT²óiÂ(•Š„,ðî1K¯Xœ@ ¤ŠdÆãëÄ1—wufƽ\VI€ã®à’j$9 ÚN¹²u©^eìHyN•p9u'Z~•Á¬|ð•ÉkqÅÑh¬“SX*~_ÝNV±¾³=>ïà WóáˆU;žïbþ¸êPgµP¨>_-²FŒbE<Í€ÙȲû.ÊfPEö”»z‘8%É•$iQ¾Õü2Y ·'77[›¤aðL‡Ÿh6ÙdÔ&_üƒ•>“a™,•r•bóR‰ÁÊ©ÈÕ¶àjÉÅÕ¤•Ž'–/LÓȹñÉ}{ÍKŠ¼îæ¼_Æ••*.Õ%~IªT…[|Y•ÇG5³‚EÅa“|ãt•ö¯hÕ;ÄYa,¬¶«û߯ÁiHq°(Vºe´˜lño!%Ý¢•Œ?6xíƒm0±E’„™£Ù‚Æ•¹41b…îÑ9©IbÓ67w;8º±‰±¶Œ;ᔉÁ*ëh°w•%Gc¤Æ]#‰‹+[”mÿãg¬\EëõrõA$x³ƒ÷+¡Yôã•òø•.§ôMP«>HU¸‡“jz{x5Ä{%€Ë…‚¹*TÛ»íÝo!2®ZEñP4]¯³ìŠCMGFÇ}–÷¢äAò/) fsPd

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (765 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ç%k–¿ZAÿEçÙƒª‘åŽq9†íÕÝÿáɳÕ~¨Õÿ•Ì \½•smm-¿-ÒÅŠœîÊ,O´Üs!ÄuS•ºç¬”{ÿÍVÉŸ+P¦É©KÏÍ|\7•ÏfÍ i+]’ªÂòªj¾*d•ä€ªöÞóýÀ7k„ªx,tZ\·„×Ò¹†)€˜¸•ÓF‚¦jËL4ÊT¹ÈE«ÌºŒÔÙãe™ÈNè3®š;„–©gÆ•dÏÊFŠ¼l lû ™8¸zsõ>´»xqÿɣǫ)Ç

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (766 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

V’ݧæÊÃXY˶ú!•éQÌû!´?‹Þd¹R=Ž.jÀ…¾S?öèUª0¦Öq°Û•P¬ˆV•XíõO—þŠŸplxš…ê|§ŠäÁ„~ Iãʨ’žM%¬Õ-ùj€²•µp³ùúÿwn=mdÙOÎàCË=3-¡Œ:Ò ¢”@»„ !Ò æÁ ÊX*ߊ@ã`_Àå²h;eÜÜ ±È(ô¼ÌÃ|€sÖZ{×Í·¡ÏÙ±ËUE•4ã_ÿו¯½öÞj@’âšÃ™÷L4Xq’ŒûÔnž"ûî¥mx_%£”q׳A˸ۡê]ÚÅ]u ƒfªÓ–±úã(¹ýÃð•šã÷:ŸÛ6`^ªúåýÅÙÍ?oÜŸ]îSæ¬@¥0žP2t|yëÄêàæìûÏ•ËŒ+‰ýç/q€ØŸ¢ƒ5ÂŒßÅ$¿PŽn˜nzþª-BîcÌÙ³k\4®eS‘z•Æ݆•ÅG{djD•Ðµi Odܱ¢AºpÕcîM»Þ³|ÝZžûÿ©AŒ¦•S³Yh98érÞ*üÒ!ÖŸdûi¼Û5àÀúbWÒu‚ veßOœ¤µMP«G}~1.’e6©åRâ/ëCÏtf$qÉîû)o¯B#˜TÂΈ•XÅ…û,ñSÖ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (767 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´m'~Í’N®°CV}Çnp]"Ê ÓèàkÊ"k9]œyÕ‚ÕWö¼é°úÂí:‚sVñÿ Y&?-DMÛ»œ›æwuí¸vX;]‚ãø’Õ•Íg(R Uî7Aœµ…:…±ú•S§ÕTí¼vþýŸ=ú/EˆW¢EVc•I³3'˜Öß+YTY§Z3k__m–opÉ—ÀÂÜ*VÊì?XÉçʼnó˜j'ÎWSB±$år˜}el×|‹B¾Æêë%VŒ%ç”–?š*_Í´ éi']f²¡»µbÔúcü®ÁY}¸è¿ž\ —ÛU¥ÉðÉ„ÙÀXmm§@¬nÎÎÏ?z4•õkqÖDÐ-€J ÊDŽ˜(Z؉tÍ¢ØYç˜xÑ’9~{£NBƒ«}“«qpvÔ¶a•Ê°DÃÔ–vG½bƒXXþA#^ñbQÐsš0Ó¶²G÷ýn:FBB§{]¨9?˘ÐùàrÕ⑸TqX¦§í,ñ͵rÅþÂ3ÁI• ÐËvŸÌvå%¬ÞŸßœºH£•¬“DÒ•D£žà~º†¸NÚÙ9ÆÀÇ[•`Pj[&aq‘á-néLÀŠüÇ“:‘ÃfçËJ^Pš¨X•t•-¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (768 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Åk–M¤çýÁYqä#ÙûL®ã•ó9ƒ^•†‰~xÖ40Xí=Áî\u¬4~f¬ÖúõHøGŠ••™9;:ssí Ùˆ2ŸL¬84‹•¤GΪöŽ®-è"X§©êÆãçÕ<öÉ1ót²%ƕͺZèk{Ï•áÑ•O?1³f†ºÎX•’ŠÑdzS±ˆ+¶bßÞÞìžO%ÉdBŸü!¸èY-ìu¬É×ÃVuJ]ñåÒzÆ@c^éC'le8%C’¦[©VvøL’FŒ—3dòcœzùC‚E–ZוÎN]Ç€”Û}‚5Vû€,Ä

ÎçJ&’ÕjâùÆV*•*…Je1¶¶µÁA?¢Áã˜ù;âe•‚}Z¿$Æ3X6ŒÃĹ2P3¸êm\Y 7½4v¥ÇÄü „X\O•s5â—&8W›c¥ÐLë¨]Íh[ÐÑR¬îhq£þðBe Á8üÒÜm êÖ3Ë ÒdCÊ&›F™§’ Ö*uê‘©bK,W8#Ä m;ô7Þn$©j²ºMmuÑŠ¡nƒò •0î÷ûƒƒ ^¬•ûÒ-R3ºá÷kÚ ßOÀSø•WšÕ@Ý•4g7@bœQ\„~âÿôäÊ ÎÉÕšzFr% +´î#B+yB|\¤±’_0fößjúM×ÜUÏøPµôïw¦mdÝ“*øŰׄÅkê‘#'7öeyÁ±Ÿÿ·Û5•8qᘠ6V¹w̱ZN¼}ñüøæ|3u°½•k[!X‘¨R‰Å–ä%ÌTƒÀDE?"ÈÀ¨?Àq•½y‚A?4;Zƒ„€:EGÑÌTHêîî®G¯•û–Øý.þqm®ÙǔʬQߊ땘q•ýZð/…©r¹š3ªø¨s/ËÞ¶ š9„Ó›©g#W ¸,™7¦;tòîÉÕ•›$©úû‹Ã7Öƒk§)ËT:/Œ•p/×Ùy•±vLmmmU«kÖzYñ YKL´¨GŒ€g‚PÃKb šñkteŽ–bÔ +àj |Z\³»6=ç)0Ð+W”µ"ßÔΫhÀœüµm=HNnX™2áȈèƒVͼB®r%•˜‡?^ÍÐcô¦ƒ»2àêê•Ú×Ôx€ft-¾Ø™ÍH݃±¹ûQ…Ö*וx~† +²O¸,–Ãô±BãDò©Jœõ_€XU©mU•"Á“…\Å(ÊA—Ì„(œ@XütŠz6ȨÂÙ-ö¼ì$ дà'+‡ï••Ãn ø/I ,®~•åI«Žq•é•±Î(mUoèÄÁÝÀÈ.ãjÊë½TZ+\Í´º«.‚emYìÌ]õ+›³zÏ>mXtaÕîÉ•¤>ÑûOݧ77nsÍ5=>þnçDô±¼•Ë}•Ú¼è¯XUI•À`E•+0ï16dËØ"PŒ+8³‰÷b¼-- /-™¿‰•Ä>4 é‚£qÚŒ•:Y{aw' î›\]_ÿúkw‡e¦!¸¿²Åý½ý‘‘7œ+qx‚Fq¼3W@Æí«sõH_™ê4c*j½W[Ê°Îï‰Öd‡;÷Å*{qvêÆ•rÝîÓƒ*«Î Üè[>Æp¸œ•zP/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (769 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ËŒ¤%Æåa¸ ô/ÁÏÒRŒžŽñ¶¿-Çà/T*²®-.Æ‚@?P*µÞŒç¤Ý}U×t•8ÄFKVö±ÆÏÒ«ŽjE¾kheÅgÒ8¹šÝóí`}ÍñÂÅ6š#•^5KAÁmD=ëÀ˜s*W/•jY5ñÛ¸¢¯ÝÈœ?

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (770 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‡u÷Y]ÏÊÅ#å·—› iªU$º^öT<•"•H,Ø@Œ0¼Wà Ep"ee^T0nÂ/QóT=±x ŠUJ’[”5A×)O¥Öëj@ ìîÔUA è‚剒T§¿_Í%úºEÁkZ¨Ö6™~Ï.WW;SSm´äEâ ÞÂÌk¼9y•’öγO;éU÷•kYЇJƒß½ƒ«û´öàGb

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (771 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

U-dÝ4UÕ³—ý7à®RX¾ÇÇû¾£5bàuì:hœ•yÒlê_²éLñ¨Px™ÿ{„‘XEç¥BŒ,¢ð`XƒØ6¶Ôh±b4•ñöÌ{ )1Ïüâ¢G®Ä$ ÌùX¬$5Çäœ$5wU¢B†:|ÖwëªZÇÒ†&òàþ]>ß(²‚µ¡]K°ÌÞŸ³;È°½ú´•Æí¿ÁšDMû+Ì6ŒPÚ•w4U^o—ÔU8Ü6·ù+s¹Œ•fŸ}ëЕ5Ägù}Wœ,/š«† Çß_åJ´•¡g…X]ôÿ~jÕH•hU1‚g'oE+%µt|²ªç²i¹’¥”#ÄÖ£eà ‡°Z$›„¨K@ƒÍc€¥À³óóʼRñÌWbÅ#Ëž’VÉ–b:V<é¥RN‡ˆX5%•5Ü6©©]õz}ÞX6ë‘G-'Õ›«QûÎX´èöì¬o•hthEÓR¯0;

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (772 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

\!_àJ°-¬ÛÉ°w1W]ÕjÎ[~¸1æo¢©•ÉÉi¦SÌD±ÿ5ä¨ì,‰•JVDžÄ¦—¤•¸¼ø3MdÆHb……ÆÔÛo7P°–]gý®êMµ©kÙt±X©”(´

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (773 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

R^f°¼áÎUØk•wìv»éMou•<(…9ûÕôûóiÆTˆA6¨Vaߌ:³Ä‰ë猕HÍ/ï/•?ÇŬÜU,M&ÕÛ·Œ«c×éùûæGß•OmÂw^wX•>•Ëe•*+ÄŠ5¤‰¸yài=ê‰ÉóëëóEb¬4,®G~‰xäø¨œÕ€ªœ•9‚q6£ð]{_X÷é\ÖèÕ.uiž 5¹¹{•ûµ¹íDYœ«}8þ<1~=E%X¯É¸¿¬HY94ÃöfdyÛÈj[–ý«\ƒ7¤XwåÊÌ{>F³Î˜

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (774 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÛbŸæ‘¡(à™©N¼¨ÎdÍh‚ôã‡Ë¿õŸÝðíÜpä†lÕó –eOœ•¿{²ã»ºú(éZ©A•a…\•1FË(Gˆ?΃–•C[˜¯µâ?ÊJlLÃ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (775 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ñËà ÓÅLåê0ϸjJìFCà*×”V¶YÍ„‡oÔÇñ€³+Ÿ£•°íˆûpÜ…åîGlJWê¬K@•Î++M=[Ê–Jª¡ý=…'rI)Èá«8¦ .ç¬.Û”®žÝÁû敦Ízó–v_ÔLª¸£2hÅ°•’q[4Y{4*×”¾dÏ]îSœAº1c…X³CòûËÕ•Oðe}ÔÁöÈEޡÆ\¡`a$œ‡XWaLEþ½Äõ…Õcln÷U±ê¦VæÐ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (776 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¶{Â9[ú½ êиR…í&ÝÞ€2Á•©TÅEVˆ.}¹üÛMòØEë%±è˜Vsçbµ‘¸¹±‚ïðÓ'ó¡HU¢ Ðâ©d¬ujÊúz¥$+«e8ü²ZV"J¡P30•ã1é‚’A®ŠÅ£Ì;¸‡\•@ ÆƲæÄ2Åwi¸›.ä#¿•PÄrW,0\.WFg£•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (777 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŸnƒÎ<±Îêöž>5'çÌkt•çèÐv¼Cè…!ØÏ\©¢¡ù.Q•}Án\u‰•wä¨ey„{àä@ËbkÒö•žJhcÉI¾:jS<•™ûýìÌuÒw̶ÉÅ}G¬gîï•@¬ ~læà‹‡N`G„+%°K™`1²^(*ôªJ!–†RίF ùÕŸ~Š•¢à•+9 "•É^”F¾xTP GÅb$ 9‚p˜Å”ØQ¦¼¥Ó™ÍH^èp|™ÀB›…•äŠ6™ßÙ1¸rèU׌û5K¹Ïšrå0휫Ñ!àŠÍÄŽ w…+„nDÉÏw£6Þ#à-¨²¼Õ]RíÎrâÂÊj”¦2ñi)ãÐ *¦O¶r¸Ær±ùáòÐ}\m$\U„(øö1ËXm¼}ž¸ùˇ/d•>>É¡ž(ÊQ&•ŒAø _åB¦”‰"B€ºù⑲Q"Û[[`¹B´ŽŠÀfèªÚv•`!¢•t h*0A Sù-¦WRSo•GA»}ºWœ ÆÕ•oÏ O4‘^ëõ¾ö'D¯„\‹´…Àd=ë:÷fnÎ^¼pw®¾‘*'•É6¨Z"ŸÑÚ‰

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (778 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…ÄJS+ÌýF™9ü€ |õìý7nœuƒÓMqû‘ëO/ÞR‚½/qöÃ]ýHb¥¡ù©TŠÐa®Æpx®«6IöDA“€Ž"b•4ùFuk«‘•*/ñUË#C˜²™jn•EòùÍM¼—9B5ˤQ¤À|mæ•—ðÔ‘’Z‹p®˜Jé†b©õº# ¶ú«ž#9içjßwÕ*W˜h®ö§ˆ+W×âÊ|È;ÐÓòDع™£˜½m§ëW•;%V÷Ë*°1H®xB½ƒV8\ ,¼% )qÑ•Uæpî÷‹xæ7ЉUb.S•S,`ÿì:ÁbcÂ+•Û%=~Îêôû•ýHT¡³±‚n\VËf±‡`•j•È•ËÌ@eŽ^*J ‹©•ådµ©E"•ÕZd5ŠÀ½Ìç•|-µ}¸µ…µ Tˆ2xß½“•6k`$ï·êZ¤XÒ¸»jš±PRWZ°âù+>í!ÐÒ+„OŸ^•î~ƒ5Û•—3ýÙàêµW”‡‡CÞWÀÕ_3Á0mìõ¶€ÕºÞ•çM¹æÌ5ñï”S®î•muP“I““TÖ(M¸•+ê †ÅvwŽD•BùḚðm•ÞL¶â‚×ß"J¸>ÚÉIò3ÛÖ âßó•½=v5~ø±ù¤¾ó±®6õR¥ä3„„’GðÙcØ)/a6+“¦(§€ÑªE¶SÖZry¹ºÝ|Û‡•èSTÉãOªÀ\uûnCô$›ºu-S¨WyE)¾+¤ªµw̵ë˜ePщ:••æH#عj„×f)Ø€¸=½‚•§ÿÙk•ƒ8B8´ÿ†væÀeüÃØ/|å 4³Ð!$cÕÞìå¯Â-pÝ‘,»_¿5TN•²yóIzO•Í…:)•È½”È”Šn•N…¬†5 g(LÀÙ |`aù ×±>¼ù×3÷‰Ë5à:>N|×—8¤XüÛØxñxÃÝ@Uý¸S×ÁQ§‹…r$Z¨È”HUЬ:£Ì3°êà(rZ´¶VÝê[Þ¢z? l5R;l¦¶«Éjr

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (779 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

à ?•° ,2Œãtƒföü'È»].s³$ôëßÑçÍåú&›Ù#èüW%Z.ò¼Ë `Ë¡‹Wdæ<ß@ @ŸÖª¸Vry|§S°Y`k$\¨_Û[Ë[Éçã8Õ¢ºBV¶^nZGèÁà–-SKEþ—´³ùi+ÍÒ8®\‡*Wªª•©n±iÔšEIý?Ì•0ªÝH³‰4Ën‚X”èvL,‡„Lk µ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (780 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“'ÎCÊîõõؘ•D äÊ`› $™)¤Zd‘Uõ¢5ç9ç}¯¯ù ™¹€¿ aáÏyÞóžsÞ³KŸï>•çÇÞµ´t˜^n°ô3qµ»ûìÍûwïۤɢɸw,WÜ“3ÝïS¨L¾3²2“••’=dŒöwzš¯5 '+oìÔÇ •¾c¬úD§MÌn•RÝÖöiô¶zÞñ`ËåaR‰ËÔ•ºW¬Z\Î{D‹¸»©Gô}•ßÛñE¦êÓO¥‰+•3Þì€<3³½ýóÏÛÛHbR€Cª¶ušy˜{Hñ•Öo丕B èGÆiŽ±*’e&¹•ÂIi§À•:„Ù¤;EßìpZ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (781 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Øß#æHÂÆÆæ`ì–SX‚ÔåZÑ-Î#?ŠON†"ç~çâàŽBk§á³>ÀÕï$zdÞ,¶={ÖöîÝnS(RîÁ¬¶qŒîŠNßEŸWÔãjå!÷‹ÕÑé…•3íý ¿~r±êódJI– |ÞÅñOŽ&_®3H ¦ÛIu§˜Jj¤ÄY•çPH\q¥øÊÈJªó‡ÔÊ×+Û•@$óê¼øC—šúüÌÆf+9ë±12Asc«5hÒúÈO‘YŸ_#¡ÉÞ+O¬VǪpUDÍ$nh1ˆîèDº hÑפê+à—Øá„bN™¯9¤CÙùªµùZkÅ-–•Í•+®k`×ÑB‘ÌãŸøòÀ:觬7Ü“ƒäUÛ»ÝÅ•}WJû•o•¦â»a§¢$SÝ#+#ÓÄÕT]mbê¸ÄÕ‰ üò“ÍÔu^”¦I‡Á~ýD³v-¦íTSö`Ô»gˆn q!9SbE,1G|§™ºëõ»w®

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (782 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q—Ùa~ Ž‰ØºX !¦ÈI3aéD‚¸Jã•úxˆ+ÒBú¿—Sùùµµìü|¶T¦%c)ŨqÖÊŠdP+Cæh•³ÙRl5éOa›Õ`LçÖwÛÛ~ýCÛ³ÅX WhΕ~íjìæ•¿š¥EoòjôHwå-•o•?•X©ûy:.êõ÷ï—)OžúÏúAUR«Só:•³ ^Øk\d1!S"R0éùÀÔynwÁWçÃííí•^•Ü»7æV·ž‡6Ï‚+2ïøt‚nÐqϞź-æz!15F`Ý›§08GrU£7ŸDû,Yvnnlu5S”Ö Šu*üXÒ•½ H"‘€ :|4}:ÆdÛ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (783 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‰„“Å*§–%Ùž•Ž•³¥¹rµP˜*¥R¼Wû.ÂW²÷ŒŠ†QëÇÕ£?=öÓ€o|æ1Åù«ÝoÞ/¾ÿf‡dRò’L)¥qY•ÙL'z˜ËÓÒ÷]3••µáä‡LûÑruíÚGï1{†ýp¾úú›Ò ‡Å¾~õ¡# AÕïPi+¥0Q|«s Ó~:òÅT3Õ“ÎÎÎ'OÚoÜŸ¸¹<;³:3ãVöBNQðígî•ë,1…!ju‹¨ji »0Û“¤%ä JÈ0ÁÀ#+°•¯•²´šC=•¡X•¾gÇA€ãi²X‚}DxÆÈ°Ž¤9®Žý™ï5ú?I¨ÆHÿª¥l5Cß,‰ŸW+

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (784 of 1076) [12/16/1999 11:39:21 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

UÎ}vfÖK¾£ö•¾~’]>RªEÞDn*•éñªøz¼³óøâ.éÓ§ã?ahàŠ ¤öåš•ÝþòE—äñ¶ˆ«ØA¤®Àê°Šö•ã/•::ì)•Ò7ý}}~¡êkzÚÏTiœFõMR[)í¥’ •žD– 0qÖsCˆ© qé×Kå³c%Ôßÿ~ª·PÝ*¶^àÃÀ™$äªÞºg]"“ÓH½lËlᤨ›)öNËX¤•+¬Õð•(ûsim¬œ™¬¨æAÑ)§€ñ2i'‘U nâ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (785 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ó)Ï¢ËP|¥˜aWÄQµ:–E~¡„ælX•®Vç²Äèd)ÏP]õ'\á ŸÇ%i-ÁKƒs‘ˆyü… jññ•kç)oý¤®R,sç•RÃ•í¯¾À‘Õ/¾8sæó½½Í?•>½™-Õ^ •=T¬NÇŒiææd‘ðX¬D±Ðx\Œ€âºbIåÓ9å-õôz•we`¦X£8ì%yѧ2é[KO†SñNi•âñ|ÍI

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (786 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ëû¢›‡ÓÏ3‘Ä™ÓoÓõOMûmÝØëÁÐÞóJýÍiÛ²Lº,{•âñr¹ô²VÛZ+g³å*!•¥èa¹Zôˆ¢ÀFÛ(ž•lØ€'Á5Ìa eÃhZ‘«}•ˆÛb‹A¤Ö²ùªôÉ ‰««å²••çÍ „’xg™Y^˜Y™áúRI›p\Gäñw<ˆp}ýõ+ÿ5"™W•R¹Ú™Ó§³šéϧ=û¥…Üó•ÿöòE¾39zõ(ÅúàùÌû{¸f5 Sÿ¡rÅÁRE@öåÊ™+¤ÔóÛÚLÅx¡§–|1嬦W6wrâÆ0_•ÜcõÃBísËrÒzÓaÓ^9vøì•þËL¯¦”IÇÁzÝU‰b$ûêADoz©TÍT«ä¢•Ù$6ª™ŠËö‰gB2Mé4âœÁô¥0äÊ4Ã’‹àÈ‹Ør•r§`Z-³HáQ‘e‡\aƒ‡LY³$ñŽB•Ü|)…r•Ÿiµ(iÓ™0£jôüò˃_|ðÀ1ÑÍøÓ§?•£¢±„BÀŽ¥+—/ÿ(ÇÈâpÃŽñ®;2'Œw»ºÇ_}ñÏçÎmæò•±¨'XzrŒoÊÕw£ÇŒfÿ®Í¥ÇÕß•ÖªþC°ê‹“ù<¹ÜÉJ•c½DÏX¦bú’O¸õG•^}Eo_™º•ãFûõëh°~òd¾5dš§—°rËþ,˜@}qØF•UÍg19Ô!¨L|ƒ„3ÔLú¯–³kke¨S&C

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (787 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÁS– ÎÜuÕ Q¤%F8L&ʶ•Ûu&©Á݇#¸ÃÁÏid"Hš’kŸ$´2ºešs§äÖˆb’ÁUróù¼Ö¬mUã7»=“«•frgf_Ôj9•žÕ»»¯ÛÞ•ó‡wïw¼räUÅ }K›vp:®üˆãÔä\ÃŽ+Ýw°”ɾ亾üü_Ï量Ìÿ#Ž¢Þ@¾«œÕñaðäöêÃ+Á}Vj•’J®KcØBÕÙÍÛóö%Ïo'‡†Léë<<úùóf•™pÊÎÔMÔ—£•¯•‚ÌfÐ4q6nšˆ9Õb§ùýæ*˜O• •4߈ËF…(Ñg„m‡Þôj™Âßiˆ‹Éÿrª„L••ƒ¢Ø‡•„|Á1A•˜[aeÑ/²„«0lV˜C$V„Àb‡œi¥2©À*Jf•dl•–ÕR `Ñ"tƆP«\®¶V¢×–g•–ådZm«‘JX¤û÷ïß·5b)Ô@ÎøüDêÁëÝ׳ ¹êéY•zq@ô /\¹Í#è0RíÅ¿œ;¼ëŠ>üãsõ:››2ìšóQׇ ê×&ýp üd%G%q°Hœ’1•?ˆá#ÖHu6a•K¶ ×ݳ¿û„N¢wêæýû·ÀJ‚WCxoILLëT ŎЛL ÙôÄ´qšRÐu×½mœtz½D\#2ÒÕŠ[ Aœ‚<\›O›à‘ éD•‡ÓÙ–éñcFP¥—ÃÌä,’•¼[/×-Û9“Š‰“ŒU…¹Âúr¬„•è|ma9§}Vfù—ù•¹¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (788 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬+ž^áø¹îñèx&±™mýöÜ·÷ã£Ã7î^Èåc£*Žîoê:Þ[}4XÇ"u …îãè’æInã1µÞ“p‡;ÏŒ7Š|úäa…‹W~ä3ûÛO°µG•frbâû›è…ù~‚ÞªVäw”ÖöHXD ½áB+°#ëȹ;ÜÑeÁYqÄ‘.d•ð¬bÊc!ä‚+‡OÙ3•æxC·AC—ˆÓ€) W \…%"Ej(߬èUVvdŸ‡Gàºj-€@ˆeÔg¡Ì¡FK‡I9ärûj[Õêriµ¹êØ|.U+•«ÏÔ@ZuVɳ¶6•¿òŠŒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (789 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¤¯Ú~ýõÝky‘3K2¾vQ•µÔ=ÁºÓ}göLè\±=†²‘äíÙ\êîèhT›+¯õ»ãÁºæ•žôA¸üó?l«5+”†jðR_ÌKo LÉOúV{ª8s¤ÎǽYª™Ÿÿ. ó„H°&øšššr{{·ÖÃX…Ùœ– L^ñY¦ýI‹e!²N0ÛSµ5+7ST«½tÝq•u–uUžœ•Æ/Q*é#©‚(YÈN€(4aaIô˜à‹O'ãE?…GdÆð #Áò'`aXI2rU,Ïe¥|7ˈ‡$_µ•Öµjfm~9÷r«¼‘YË×ZË•Š.YXÜÙ%–ÛX¯|)Q•FúvwP°5Àck᧖š•Ž¦8øô‰Õ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (790 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¨º“ÖÌ®è, dr4ª‡|œ\®NìØ£†ŽÂê€R)´û|y…KL•¤’þÄÁPÌsæDÔAGÅ uvÊzO.LŽJå¶Ï¶H$“^œ ¥ššìí%C“q ¶¤;[Z€UÀ" ¬–€mI¸\!°8i·‚•g°ƒ:ëÀº´>7Š¼(ŠQ2aöTÀ–áÕA0bˆÃ2YÑl®ï‚åW V…?]Ö-¤íÁUi¾¶5/ÅY/_æ—óЪÖl¹œ©”KµµÒÆjqlžV«ná•ÖëÅ÷•ýÛßþúnñÙ¾él¨0±}Gõƒ Xrèï_/HN4¼<>þ`äeæ\å^¬Ñ3>ý0ç•*‡”´ÿþ/•¡G…À†,5iÕ%_ô’|•Ó I1TÌ‘ªAP·~¬ÎS•ñáaúìYþ+Ÿÿê7¬WÄUa’” Tqô3ë¼ðg®¬W~hcὑ2Ùƒ{›±ûœº´<$ «;N=-sÕpQ¤TAÏÂÂT¸á© PL9fÑïÐq÷¬‘øÝ’*…¶%ä({lí¸•‚Ò-nŠü]këü}еáÚʶÎV™çnaum>¿µVÎdVçÊ®Ã\½QÓúz~ù‡¿ÿÇ_ß/îëiæ5!×î¢4Ÿõ’õ ¸º“;ýmå^œ1bª®v¡ÁM¸Šž*ëã*cú•Ü·é;¤:Ácì’¨.<î×ÛÅI•Ö@‹U#ŠLqܾu}¸ùº>|ý:Æ!Ôþç7*¦½“tõ T~¶°•±ñ¨åŸ,W•Ó3!dŸˆÄ28w'( •±º2SLóÂ?dHÄ7V•ô¯UN•# «–pů*œ…+Cq•P`q²žÕªÀXU8Ñ•åhëÚ¼.Œ¯µ®µÒ+›å*°sçÖJ•›U¤V3ˆ¦¾Á•‘ÿŠ_ìñÅ·==ºx¯GWóu\ŽNw]ôq¥Ž÷•ÝÚËŒ1UðSQ,»¢Pâî‡ê»ãÀJ^ûøÎS•Ð~ÁÒ• ‡út• ‘••€ÕÇZE+Àæ8çKNùB °b}j¿áã‰.dи^Êm¿µØù•^õâ¬Wáêí§Á•e¶X§Lã9¸B¦•€a)ª§õ¼+ÃPójuiôY¦Ä>‹Ÿ„Udc Ľ)#o2S–ðD_¤•øi ‹†ÕÂq“%•Y®CW!Z*´n(¯•Ö²•ÙìÚ\+ÆnpþÔE„&WŸm-ïa{ÒÝÇÕ³§í7ã±èÀu¤—J^uȪo‘¼ú€ä8)Ú}‡âŸp¥ÐZ©eªÃœSˆòšÕ}®t3•¯2æØ0ø1‘°ÿp•òÊÑçŠïùöÕ© …¡ý<5#׿¸¤Ñ5Vš*¾îÝ«ý.Ä\Á·¬B:a7¸RþÊXå`O!’ayÐÍSi•$yìÕ’ZB•Å:eÑ?¶ÂÌ[uáJb~4 LT-¸Wa}aÙ,äõ¥KtË•8*Œ¤årys“$j³ZÞD®?“É<¯ "á’t¡C"—ö¸ÒM=K?v¨¬Õ†"Þåî+J§F=Ê_5b!{û•?-¬V Ê÷଑*íÝ%*¶údϹ*M?9¨[çbE\A•n\‡¡j§E:×ɦWÖí:§˜èꮘ3’àôs2Ù¼Wüž!Çåt{‚Bu‚•t JD7FÂPn*,Þ`YêSÜ+–e)»ÎÙQ±ñùE²T@ ´d=¨¸2 £†BëB$☃6.ŽöÝ«"òqEfž²£G-~$Q!ýÊîÑR6Âbçꤺ+9ÿÕïÿâÉR?êèê–WpdaGG•J¸W—»GV.LGUç•æ«k%—J%-øÿåÙû›†8*suÍ•Nƒ*ÉžÅcõǦ9‹žÔi箕{#§Ðûð%¥©ºq• š(V“îºÍ>›þ‚\–i¨J*‘+á*có[Í›ßq»ò–EÊ•1éŠÞXÔ5@°ðî7Ò¶¢ÇôHÑ)Ñ,eªl±ê¦)¿(àÿé°O¯0"b•lÕU(Dñ]¤œHPR•J†ÇVBîê&HðŸ@Ä%âö2.v”ðOÖû5Í×âÓ%¨Õå‹Þ’¯çb+YÏ•Kb©¤!µÇÛì&3ÅzÕåi÷é\>kL=v`Œ•²Ç «ÿÈúУKÖ€ƒLbá ƒÕ¯_• •%ñÁ;ÊC^ã•LÂu‚û膕ú•[·Aqåºëa(Žƒ2Š)X²,I&€MUÀÞ3TxòIÀ:¶O·î¹<þ_ ƒe¡—¾±7ãaÅV< ›"FóÂBÅþËò‚mã‡W"hÜö ®$Õª†i<ªó'¯ 9 ¯nBŽCü;ë~YÄ©ìU÷žËpÒ;{ 1ã••4$XH•-¨=žp•w/q>”ó£J®–.£’áÑPT7It‰•ïŠ>̧ü wß—jo´ÊŸDµD£„`R°öë“è'—{+)£Š©4ï úòìÖ;}&ýÆuÏ«3\·nݼÏÀ•UGV¡· •î(†J7œzK@½á¬ösÇÇ•@êrïåé

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (791 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•$Œú:“•ƒj©¬º}*lK†ë”e2‚ ã¢ìÜ-^\IŽ¡Á j§ö¸JÔÓÞÙ¾i6si¶ñ|н˓™C!7˜‘õ …¥0¹ºIQ°®Ï°É|ö©ÉeiµÒßTŽËÁ%úg8ÚRmôp=q52=4ª[›5W#ÄÕÐ~o¥;ÿN<Ôcÿ$ÿÁC´jPwªO•uÉË°IôS$%›Rëþà°ôv¿[¿Å® !•ÕJ°rÒAuö¨ Käãw0,rÕ‚ §ßpx#‚Ç »[./ÕPú®Ûá,Óô‹•e«d‚fF‚œ’ª°©•j€×¢ÙóqeZÂUDVœÈŒp‡Jnê´æ´ÃÌć<î›åÔEZjFѾ²— ’ïW"»|š,¿wï¸rÅ·ä“ §“ï8àùòe9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (792 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 vý;Žß•WèÆáæy,»fS©Ø辫Ñ.1ÚÌÕÉwo®~–²¯íï]ƒüyIq¥À"¬‡¼‚$Ò“û¶–UÂjØÏÕuÀëÃʬ߶2ëU±È©õˆr±À2lS¹f+áç*ø\CA˜œÂz0œþí†cØ2øø”doØi¶S0VÚ^™ú¿VZ–•õ••¬Æùb¦ü¯`™+î\ÄÔ-©Ë¦%-Í㺡

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (793 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Æk¾:¡šÿËÚµ(µueY½0éLf<™öTå[¦òCB…«\Wr߶•@²Á™‰y DÇâepïæ!"”•¢„ia!• ¡ìêI™žÉGÌÙ•sâŠàôœ•ƒc-Ö^{íÇB0•/×::ußDÁœ[çùó…}yï’••R¡oíçþÂädr•?5˜LòLqg0;Ú WfƒÂ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (794 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 oîÎ'î9uµOô‰‰«›Ÿëv÷N˜>* JD!ªH[É+ÓNwi«’e@€Õ8Iud«ñq€˜`/@ Ü*¢ šÉQ7”ÖÄÓ6(¥ùªnDòØ¡²bTu>Ý•›é˜þ+¿¼•àTˆt•Ynü•“A•Eº¤*q£òû°†ãm9¶P‰•$_y¡ ƒ¸’K¶Wü>·†AutL P |†”ªÂŸ„þÀ(wuEÑõ•‡'a.ëù}ÖX[ßî§Bv•pͧRŒ©»âe42š‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (795 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

˜ÄÅá8ó•ÔîÀ[‡v{ZÖd´»¨ä“ºŽÛ_:ÒW}HYiSaqåÆÒ²×m¤ZÏ•´2í…^À•èãƒÁ1ëe!¬••p,/¯7i*&…(ˆQI•–¢:QŒàž¼Qm2y@(0U-}v‚óð”Ã{u?>

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (796 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ø1èQ 3¹QdtzÐr€¯*¡f#(•”qªˆ&a‰•êléÛl}™HŠìÃh–ø4•<âJ„Jü9@ C³«"»ç±«‹h'%¸é¾Ä•™"Ú¯í\¥€Ø$YÝ•œ%þl*I[¯`?ÑDܶì

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (797 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

K$‰»S•!Ð]¶ß|¢ùú ´n˜B–BGÔÎU‰á «Ó9ªÇAQDSª„…+úXTˆ+@X¡©¼Œ.h> (yl;‡¾`•ƒ•b¬2_‰'š>OuòÀEèÒDJ(”û%X‚GTô•ØLÐH¹ÃïV2žá+†œ‰6;K9på1š1ÔëQÙhEMg‹°x©£Ôj6¹ÍYˆ©fÛÂÄ÷•\àŽú#¨2…C^è«Çx°Bì‡Â=p/•r=%p58h¡ `%^G`uû€À•\£&q•2»•uÏͽÙÆ´Öõ럀«>ë-9íýý ê]••ë•í/ÈTÐVETevW•c…qAE¶•H3” ®Ð]—Jï&\EÙ–„NÑÓ²‚Œ"‹À²õ¢›:íà‡½„O—·tYEËJ ÅÇ 0Y•ÒʲÃáæó¶‚êJ t‹?â°•(æ*S?~-¤–ŒTßøb&Ó¨B—•Í

+šþÉ?=N!¬cŽ‡ˆB꺕"ÝRñ•†ö@S%•3˜¢ÕD41ëW¦1wÁ•¼ViºWŸvß•{lA–±´ì`•…›\ÁY.K=•³p•ÍælÉ ,ß_1¤F˜¬ÆQXm-´®b+Tçµ2öùjš—rA%•´JjY¨’¸•5•Ä•t`üóê—'Ø• ’Ï‘

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (798 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)É‹áQWlš•LvMsÃ’*ùÌ.±,€¡@“I*§™º¼Ñ? ßËJ"• å~e³‰Âl¢‡t°\ÜtC|Eœ%)‹Ð•ícAïÞ~*Ùr úEÂqX{̸²æ¹¸YfåÁ”%ÜÍ»ºÜBáM1eªW-I íaÚ"+쳂iš8×™)÷ËI\ÁƒyÂSoÎRV9³ƒ•-ö`0›år ö!ÙZD\QߺjÔ@´kœ˜•8Ï×: À•ž§{u·V¡–o8IPTådU¤WdLy-±;€¯Ìwiò±ÉHöà×[àeZ¦áŠôC¸‚Uu¾îo=„Ù0jTeI[§þ@ÀÆÂh¹¸8Ì @²^ðë1úaÐò¯î•ºŸúiaÿjŠAÚŠà2†p*F` €ÁM¼ÈS•éxøpo7qE¸»‰öO›t÷]®¡0MPZt†WpÝÙ¼ì%b`-R•YdÎe!ö’5DÑEATZ3‹è‰®„hÇñ<

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (799 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

C# ‰Ÿ'%Zªÿà *i"_¬UW EäZ¥CpW2ù€Þ}BµÈõT³3O27ºHä´vcYµ½õØ•×ìÛR©ŸQíQå&æÇHE5YR6›²¶Š"Qe¶sS Z‰ªRæ•Cr¸ëo•³/|„¦v›é®i2‚W¼„#•

?ÁKââ{•Z¸Â}ʼn+÷‘ùßìºzxå÷®¨j[qŒ•æŽ*ÛLÐ&bZ•ÂÌ•Àœ¬/[A°;®´Ä•DVA¬Ü ²a-¢Ã@Ž¨8Qú7oÂy•5!ÖO•0¸‡e·ÛŠ•¥ÚAçyçÛíΓR©»iUÿÈýÔ,ëàzåuâªåCnt–ŠuEÝïƒoÄi¡BåFÍbI•ÜWŒ•y#ªàÐÑXnj˜WÎIÕn?¡•Ó¸úÖä+|#TVj7k'#‰ñ\|%Yˆg¾Ï…9!4W>ò Váø›ÀBø¸¯½Ùõ$rѧˆö~„núsÌT+¦õ Ñ•nÉF89UOÎöÒWÙ,•jœ¬ö!ÔìÐZz=«•t”,Æe5j6ÙAË‚½.ÝMð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (800 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!KÕRõäÔ(]Ôkµzýø]gçe·¡—ª·Hßd„µâ•ˆ$`Ú|&U•[þ‹»¸`õ26•z1Bß)õr)ŠfǬ VcÅå`6•Kšh%˜Wvtí»‹]÷…Øú¸¯"Ù˜qò"^/ý%•ë٠ߦ®QÄÕƼU!tߣ}ãð'ý…6°riÅæ=r•(&ðÚHX˜¾²G«^h_O›…°‡•†€ÂÐ'õÈJN/+ˆfèøòì2§‚ENE@0Š«UƒÄxG79†ŠH×Wðnt•‹•WŒ£\}Q«t¾©”jõ—'—ÐÖ½Ýä¬èJV—½mXH²Ï5À³²#

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (801 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¯[áä¾ÆŸ§JGL3eru‚œzª¸” ¢)pZg•ªZ+Õêµ['”JEOG†“¸¹7/¾v¬ð8)Ä•„•ÑGÔä>ýHà*gñÕïÕëÔ¹À7rµ/º˜}}6‡½?!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (802 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…W¶‰¸'ôí7ÃîÜ°M£5YÀ!Ë4¯z%®ØG+t‹pUŒQg\ykµÖ”ƒWhÅ⣠<· ÜÀJ!¿º•ÎëFýíéi½ã䤼–c `ž£c·¸ç±ÁÂÒn‚+{`Ë+SKóó$;I¾Ä*‘Ê£•BN-Ž•»'†¥±Œë1ãˆ+¬-d%Ý°Ú\••$" ß÷ÃcQñ}þ’À5È(ÜWzdBhÍäÀòZk Ã?•Z<åÚÌwe¤«Âc{Òé‘©ÃÃMñwzߨ‚Íy€ªÔጮ^z ,ŬÕË3•9«QæÜ3 °"× j‚[33[År¹ººzTk¢ÁèÆ1pœXÑH0QúšK1J5_mvŸ¾=Q:.»•šÍhÓÀ%•ªJUÔЊ;¬••FçM•ecæ@³¯ÐB™YbihKX£ÇŠÀÔð0îâd|Ê%¢®ë)rµ¾5{ˆ}Pñ¡•V2žZúþ; ~HX{ªáàÍŽôM6ŽwX¸»å•ŸdY]¿•Ö%´7Ťûú2±ÌÜ|0%€2áJC1Õ+ÙË ìYä†5ç‘ŒƒcÜn°ÊÊš•ÛŽŠ«õZ ÚHizÓˆRwgf•µ jqP

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (803 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

È€yx£©J†®z4ª¡`ÕX·úØeÙ§¶œž”íÝmau¥ÖÓâÄ{,¶²Õ‹•º¢åÅÌøØHV6f´$°âôŸSµ?F¾BÎh ¤<_€®Ðo¸•=%9 ïCÉÑ•0Þùiáj¸À-XòÚx|o};W•âê÷ë¡ÙÐþ •|¶–x´¤D·Ö`9æრ¸•açU°‚~9RØUÅ1Ñ+qVž•ô0®Èj#i%•µX©ÌVfg~¨üùHÄÀ’ȲÝ@)‰@¨Aú×ÐÑÚ„JàÅA˜¥f•UV_”U*ÏÞèÜFåu…ÖUºº–¬¤h¢P(AÉqç—°e~SÑ|ukq9›Ë™cß„(Ú:‡QP†¨Tꪼ4OŠÌõ}_…Rû"“4îœÂK–"¦ßŽÂ}:üHÞcÀŠ‡7畳‰ö¨*Ü̹jËR]ÆnÒ&¬íV#1‘¾œžm~ü¸ñzûE½þ懙ÅÅÌ•Èç`}£Ël1ÆH˜…ÁSAWSÏ~|¶7ßKs\Á쫱

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (804 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 t²e^•-W2/çæ××+[K3EÜîh6ýX]•´Ï ¾9@è€+£[<·(¹gA ¤™c¿ÆÝÃâ•v1¬0´yæWpõiAÐkî²ëªY¯:€¥À£¥°”9?Â4ÅÛQ€5&øºEÖW„Õà•cë‚Ž÷ýÖž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (805 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Wƒ£££‘•HØâ+AXÓà•>ÂAT㪬nHY×âª%L§Íd°•ÛBñÍÈ÷Åjã¿/7~~÷Ù/pÇ{•Z•Åª°DJÀk&“Û€`ä24ñ¹ù½‹Ééù^Hƒ<"8Ì,.ÏÏíÌïÌÕ4Ç‹[õ:íZÉïõ•ùÔl *_*šXW—ø¸T©Ñ%â^uh –™±Þ+!šG-5•ZVüº®L×ËVf³{kœU• *..•ÀϘD•~Û”:Ö=•À)·ÀªYÉÁo`ØG…µ€^t‰ŽÂuΑˆÅW€+‚„^ñ²²vžM î°ú•@•›²êç–ÙnÌçéxIÕ•ÿ¥Ñåïêîî¾D•h©+âjŽ!€´*¥>§ÔPü‹Nmn •–è8•Ç–—E}9¿6×$¯ï¬¿8¨×WaFÖîùè Ò”fŸ5.|pÁçR¿å÷`£@[•õ€¢õÅ]U<¤åÅ è ½¢®<^'–nÄWv•ä•qÏË3ªªã³h:\„|l+3>’åB–ETV(åú=Û<æ.lŸ …þ›>¨•=•ÚGÿJ„AŠƒ‘¸IX‘ðÄ4Ϥ2„Å·Ú=žCáþûÅÕµj½•d\ñ” ©ÜGÊâykÜö{ÅÓ~ûòÖ×Ð÷«©Qv¾ðÒd-HMÒÊÎõfçvæz{ƒ³d²ª–g‚ðÞ]¼¨ïxÖ~Ö•jÝxÉ·ßÄh)ÆUƒ¡ÏëÑÁZœ•—wÀù®üÔ™BHâµCºæˆZ&Ó8ÑôÛÀ2Õ’jïG–Ð&¤T¹-+_ÞÊ,•eMƒØD• R|»“–ðÈFU® }µJ¥B•G%i‰Œ@Õ7G°.6qg\M[7³o®Ï áî$¬@ÀÌ?¬®®î‹Is,L·ž§Q%ë à3Õõµêõùü_‹ØÎQ..a?•Ö87°KÖü57—¥°Ùñf÷W¯`Sþìæ_¯lWŽj°HÈÀ¥UVÍE P¿ •“¦ú¼>èþ,•aP÷œG¥VuÕËÍêÌLj+r••'ëA¶j‹+N#,XJÛÜj‹À]ÉQO•--‚š²@eâÊ–¼ ¨`º’«À·++'´’ÉA³{oVǤîÞ{ød: ¤¢Þãdå*wóLÆiÛ•í^öøÊüN®5®

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (806 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

7Æ•ëØÍC×æPæ²t•e4<•}ÿ4£ç!Íöù °êëú¿Ç7ó¸E¡ˆ´%~P1=!Ÿ%oëUK7³p¿{fvln—nIÞÙ••ê•µj…µô.YO(èu•Gƒ¹ePTÔq[¥^]ƒÅ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (807 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

§4/é(À„y5N-p°§À}Ä6$™€¢·’àl°rT‚Tkb‡ë1ºB·”Êe¡¦H¡ç$¬v\™3KâàªÌBaZ*žiÚM刃ƒ&ª’´î&ïÞEla^8:~¡Q•î •ðêÝw!KÂ’•W§Ãñ••l¢%,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (808 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²žÄ£›Âvjýªb·F¹äH³u¾û®o):TÕ¼ù†&òþRw@ð•U ,‚Í/KBÄ/.••cÞËfGD œ{„öÌ•¬†^îÀ•Gkk;°I½ó ~R5wï7nɨ&ÑHTÙ½&×ãöâ)êXà]îQ\´ $ë”Äÿ·ÀT•ÖAUV³cÁyW&{˜²ÇÄÕ ]]%%® Twmí¡MI룣IJ¶œ¸Â»•…))ŒO@Éäps>˜pTp@ÅTOðU[h=dquM/{Kìãr N¶¢ %ÖÐ÷B½{cF´ª–þçs¿ªvù5?þC )k dÖ8Ç#[‰•äW"œ•,‹÷ÎâàÍregí\®ýúx»óÍÛÕŽÛQñ?`€•òyØÂVi¶üöS•¾*éì)÷yøÙF§›ÌKïòòÊ.«FlCY®dƒ•m¼ËúüéQ4"'¬^â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (809 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

iTÊÔMƒ*Ghl0q ÆÄæx+½sêbÇ•‘Ðl¥Ð·U?xózwwJα¹¨ªVªBlM¦™¤â–n§œ••keŸ•`T•ŽJTÁN$bCTnJÒ Î3q$¬6÷Îÿ𬽽•ã,À U@`™\õÛʪ-¦ìTå •4î÷ HèðWð2RŽ•e7ª_Üù¢¡Ÿ^¼¿ƒå<’² 3\^ž—²+‘%V*X»Yœ•ü°=Wi•ŸÍÃ6Ä—Ý8vN³¤À<~•¡ÊÆ•O>,òâ8;>Ûž¸êÏæÜQåÀÕbªP°1;J•â´G!.e{+ªYRÙ'oF¡0È@¢ˆ'¨ ~/Ðô|ÒÕ3B\Y¼7µ~03››šz°·jªÂ=ù÷»™²rð•[ãñÕmDi.3»2ÖÓÌ•åöîl|uçÎO?þõÕ*µ•ÿüo>(ÔçIema(~vy¼«€Ã¬•5´˜©ììlÃ}ZÇ•íw•·§à.”J¤®Xc”¸RqE•Wi@šHæ6,•òE9ãBÑ}r3‡ÆKõ¥E9½“Éœ²]Uµ•™Á¸gîÅ‚\Ð8ê<>î|ñ6Ñn×ËcÎè×V¬•¦ÓN`‘׎wy‡[éJÎC´¶±35MFpž¦#Ï•×/™¸:\Ùœ˜X™X.L¦W‚,W6¬Ÿ0]¡Ã~•¨r•ÕÙsݪã¤%c¡¾r‘X¬‘áÕïüz端þ÷ý‡‹Ú¯ï¿üœDV¶tÄP½Ã4@k@5…ÄYèŠÉT`Eþñö¸èê¨[¯KM£¥ñt•"GEC

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (810 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q%•‡þ©¨¯•»4–C8°ê§Ù€^•î:

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (811 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

áȽNÕe•J•‚&o‰Ö53&z•îγµÎúQýÅö;Á¼ËC#m©ªVUY¢Ýt®ˆsÚWšØ=•ž?ÿÉyRÏOüu'â›{=…øÄ4 a«âp¡ tûÆz0AlUÀzà=€«¼œÚ5ò¹•>^“ƉÁ6¸z:uqçã•‹/•½x/Ε>üøÎhâ”%\+ À:ZÄÎ*`•—˳™Ô™g Õxë‡?ƒ³;Æjåjì“-5ZqÍ‘OÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (812 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Òø±¸Û0~²»Yý¨ºµ´Ë‰œìa„1Á€îwÂß,ÙØ+0Tä##A³ª×HŽÕ7gçÕêÁ»ãõµ•yÂI«ìHû$p‚¹Ê2'eç*‹Ar¸ÊŒ`± Šøè'·_ 0‰·ôN'¡¨¸xƒ•îR¬C°¸d/ñÍݵ¹œo$ÙÍ(ø°•pwG• ,NW•QV_âPÀêââ׿ X}çýÆéÏŸA×V>¶t„û†Ø‚Ÿ/0Ì\„«·ßÀuW'eAV•¶ÉR_§OåfvË+Ï•a§±$BfŠXXä¡G ÆUC×[Öõ°²Ð„N'ìñÃU~*•#µË¨Ö_¯½>>8:Ø>•}~¶¾3Âj=ÛŸéÏesÖ~B›[e^…7-=+Ëaˆ·0BJNÖƒ<ö|ûMçöÏ›gçgç/ªúûÅ/€V•º½_Up«`á ®©!Ò _%T"Ä>‚–l@úƺ•#Uÿ•²³íióÌò8[FN³‘2Î’ªÓª3ÕvÔw£•VZ•´í~’ýÝ·ØÒ½•1æ¡¡/0ؘG6`6@'µ• •TÁ@&³•ƒ1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (813 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6`×DmL+íŒæìuιo›„ÞMnßÐ’BøqÎÿú_看ßѤ|ƒ8ð+{¹¿pg'KOÆU`žb]œ–Ÿe(„>û[¹ú‚Ÿ•{ÉR•»I×w„ho–aI™Ndªu–½ÎÕi•æÍU½7à4àª7uðúöëo©Ô˜=B³

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (814 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“SùÕ³—0ŸÎµB'Üò&â•Ãˆ'x&•åd’Náž•sŸð9)^‘Ч‘mNœn¤Çª&T)œ¼pº»ª†€?9•?.í®••é’2p¿»öh!ŠÖúT´Ï&•B

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (815 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

.þ½‹7á* Š¢¸yÅÐB„´‰ú!µÄpÒì°ÆÆüBÃTþA< L©‹@¸3KÏqd+\±€µ5%ñ¿ S,YzÙaÃ)JCB´Û ƒ¬¡Ù¹jŽ©«ŽŽUí´Æ"V5S»Eûdpf] áðn›îY<ãÁ‘ˆ.Æ·âäÄ¢·ÁnE"pŸ‘ÓЙÔâBÔ*üs2Q±ÕaácK«S+½Ò «Å”œéàeë¼Õ•†ñÒø•”ëÌ}PyT~´ç›ÖñÊúúIý~ä’U`H¾6 XqC]áǽ`sƒÏg…8á•ÆŒm=F(¼ S¥™ ¨®`àUb>"‹Å••Ù•QjNˆ ®ærk[ÓÁ•PX¡_×%@ ‡AqÕ+Gý÷5Ó뺼z²–ã\½ëÕ©·êÍT±)™¸ÊKÝ’0˜g‡ú•¤Ïà¨@gJMÓIþBCÕ%ŸÛáHý{NAB•_Ü´j1¸AÖ&]z"4¡Òòže¼MÿKN:5Ò³?{åèÅæA¥²»¶¾Á˜ê #s^³v••Ó ]–Í… ô®¨k”áàè]ÄIw¼+é5Ð3I5ŸÎV,Fú*H5ô‘jn¸E&ž¯×ÙßmGGíÕm8|ñô»j™L¦æ-‚·Ó ç¥uwga/o0•&Y1E•ZÉznbc9_ÁwvªZ#ž@´âÕäí¨°R\蕦R\9$Qœ/KJ;Y(¤D ‚î&ˆ¨¤ ä k#:©99IФ÷Y°*é•uuä··ZMŒ6w•Bö(¡2<©Ù%W¯–…_¥íâWj÷†Ç'Ê *Ta2Ô¸ÂÅÅ•yÐR<ûla|kóÉÁ”à*"¸®FTè Ž{ŸäËv5_rÉŽ×ø&ã*W•ÿ]½vûö) …`Õööj7XDz0O•'ja~ÌÇîYV{•&`à7‘Îy3$•%œ«$V[ì»

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (816 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+eYFBs«‹ÑäPpŠ‰1Z²¨ôÆcCS%)¦x#)f¤cÅóÜ])—•ªz®ƒ‚ž‡[ @½Ù¸¢e`CÀÒ–‚œ*î3è¶V3,KœT<‚.y’Yø~¿Yã›CÝîCk‡åAL‚8¬–}nñÄöÖ£Eís]m‡“Õ¨Þ¥l—ËC3fÉÑif¸Š(®"ÏÖëìï·þ÷?Ÿ3°jDÖíSà*óc¡H(uãlü•Ç•ñ\Q&«ÄH(¬YàßzcBš¡PóÂû¤°<½•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (817 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¶þR•p®RÒÆU*E £”Ñ(ß؃Ӝ%•ïóÃ:…$?~)EUõ•Ç%ÕúÉ:`…±Ê‹vgr³UR!›Ã"•pBÍ®“ˆÓxšÙ/"ΕÅÈr øF•ŸTì0c—ð˜DýXÎ Á“Wl{q‘÷éÇ„•µöäàþtÈàêÊi•ò`¡%¸â4™›Ï$ÜU²¸Ó¾s$:^f?¹Õ‹Ž*Ãê6†, XìúÔ•}Lê1?ÚƒQ…GÂò¬·D Z]x ºâ›È(•dAÜ’Ÿ9P¹`±„×&|Q-{6Œóx;TÄž6ÑÅ•$t¦VfŠL:•ñäÜ:$AÈ~ÕÅ«Ù&å0L¦7Šªx<®Ý8O¼4F¥$²KìãhÞ:’äï·]¸Ä—•¶t4•ÅךñÀàjÖ°“ƒ\•?ÜšÖ>OXWF„—œ§ô»®°pß¹Y•ŒŒWã[ÀUõ¹â¸ÚÛóf³Ý0”_ :VÉTk2ÙÖî,¢¸í5•uœ¼§˜ÓÕÊ¥VZ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (818 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

–À•>°³Í¾uÌÖՌ¨ÎË.šVK‡ŸàðõÜ=ù³ã³¢gs·ŒÇ1×!\Uñ•x¯•+=ó -úV)‹AK}Z Äîv „ÁAµâ㶔&,¹K(ò ^wí\Åcpæ`•Å+øŸÓa,¶ã>~¢¬ ÚÅù%h]}3†d•Ú–$k‹ý5_\T½5ëÕ+–ÿ‡Ýk ÝK|z£ÂjfÅ gDа1+Yô¸T©±\Ð

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (819 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

9îÐZ©DBSÔ;S¢j••7Ì:Á•†Ö´<ÆÅ)šP4•KT ¿À>='“•)W\žlÞãJ»²ûGÇÇîk+Ù$Á:D«Ž*犮Q[1¨ä Œ˜e.…µÎÃÔ] +^<Õ/$û€±5h‡jÉ/jüFQƒ°ä!XAh}ÅÝAú½Q:z1¥VFVð—ƒu V UXŠ+T’ª0ã*W¿ð‚Ô P…X쯻ãÊôføAD0È6ÿœí,Tµá·<å¹YlçPI²Ä²Î¡÷;`$»%›¬p¨79h:ÞˆV*ÜVêf Ó52112a^ßæ=Ù,´k¬¤]ÅB1Û™Þ÷ä‹+ÅìþÙóããÕÔJ °ÚØ wABµ·—å¢Jr5/oA (½xÁë4öZ^T3Bi A¸#g¶±|þf—ÎÔ]•«x`‡qYPq•Xw»?×ñ^!^ÉcPC•õ}Úƒ-

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (820 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘¼B{ÔÆ”à*ŽD!^eöÎ3™Ú«Û‚«ÛÄUéGPé]”VÂLªÖÛÚ(ø@i¨$@CìÎ •eÉE•%ÊË…•¥d••.§:;Áõ &FF†GØo"kÁb÷‘‰0{•óòp5•‹¸\®âŠ§•ÌXJLæÏVÏ»VܯWÕªàj¯Œf)H·*D’]ãj^Jv¡Ô‘)ܾ1¸¢šaH„Zœl

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (821 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ô/•§ì¬1‰êv_,fû Îza+˜'’Øž…O"F:¹Ú¨¼x">U|•ÕÁ«Ä•Ë•°Fm¥È(®•+3dEÔ5¾¸qrr‘•¾Ç_f2Ÿ^?ƒÙ÷0Ú·*+Ù¢½

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (822 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (823 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ù¨vJ‚ÄÇ*´]W¨Ñ²2K•pC@¸¡š`‡M=\Ìù±•¡ŸW÷-CÇ)R´lÆ«~µôûx·G+ «Ä•YÞ"[±D`cqSîœ)¸®ÀÕ¥ã>ú6r¨Y•Ê•{¤•*–OÖO.€ªÚ©WÀU•V½õÎMØøcQj¦ËÙ…C7™ºNµëóW¬d‹%‡7¦@z¡m?eB%SÝ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (824 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µN‘2ÃÎ ?r¦$Y,ŽHªÂübhAÌ •³°p´ŸO»p€•ö0»âÊW«G[v&]Zc᪎åU¯W`µ—Iب ƒÁ–®d…L@«‹áÒJ˜Q~\âÖ ¦>Þ1h¯ëSƒH‚•KrCVŒ‰v4b‰\ncQ_^U\}!âÕ¥6Cóy½âèf¡Ö9WaÌ‚áHxòÑÉɉ}¡•`UûÏ'g¿úá&Ö•••N•à”?ô Pb+•Î‹¨ô·øá Ø6˜ä&VRt–¶•½.ë••Õ) Û•Te¾-RiÃh„óž OF"“áÉÉpäO/W÷ÓxZýL6˜ ì‡båìy~&•õ¬x*e¦¯::ÀcвàÞ^µÕ´‘›mÝ S3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (825 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 blH„pš ×WËR¹+st`¹I¼²£e^sä·ûÐwßÙIЂÊEaFúÎö΢f4¥¸z{ã„V¾úš•©¥xÕ§ "ÓŠ!ÕÃáŠn••O°öJ‹V¯`Ÿ0s‹¥‘b Îî†ýßï]fßùV.ŒŒ‚_M\™ë@q7-NËÒ„zŽì„óÅï Ků þ›ÝM,nÉ`ŸšÄØËÀZX…c¶\éb¡k†ÝSÉBqÆsv˜/<×áA7W¨Ö)ˆÓKÈUPWÚæ•i´¢• Ü èL ’ËÀãU•ÃPû5f‚%Í..Øi†®Dàjƒq5•„Q¸Ç‹;ÛO´!Èöyi`½9x½!d]â2P¨"W‹OaöÒѪãÊ]:¡’>}9ÈÞ®z~pýÃ͘NOáp³V•šÜ¦µ¥üæâÊ¡vc„·)]NÓ˜× ² òù•Tå$b {êá@ÑCiœ˜‚Wv[Èg³°žd¡ Ž•KÓûG‡–óž£G„WWªž²+Ó•E¼l§9ÀK(^‘%ªF(ø}FüRW"Úâ5 ’3Š9•:çù†#2H$¨ÛF,ÎîÄb£`h•á¿Ûs‹SêÓ Ú׃o/Æ 5YÜb°)wÞ;Á•C¨W=\]Á{·K‡'•NE=Ã)‹\Ú§ÎB¡•8/•:IEP’ÉO—E-c8•ô´¼ZìHY•]+ÈÔˆˆS¨ÅYÂcëÀ0<…å5‰¿Âô5DÇ£,^M²×Èäxô›|6 u;,ý¥‹,`9ÓÙçÏ=ž|>{¸ÿÔU•åÕ¸Ú›Úv›ç¸¯¤Jc„WP‡7¨ûp4É€èÃáájÙŒVðKO•Ò¿•â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (826 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

À¡ۚ›ÄæTÝñ*°µØ¸/•œÇe Å«ù+I÷· @Öf@rŸ± SÄú ¯©9ïákØÄ‹—ö‘¼Já1Ô–…“…„’D41d,Ãeµ:ĤYÉ•ü@'Ë}]$ÑyòÓÓä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (827 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÂFΕ>y¦¸¢ŸÉ•|CRü‚»X—,sI8„iONg€05¤!Em絎‹Óš¸ÔSízÊél‡1×Peîhµ´žV†·n®í,•’¥3í¿ uß½¯‡õK"ųÝ$Ë€(è˜Ëå•ãi<¬¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (828 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

öfô¿Ó+®ÂJ>ÏP‚SqK¥#¦¹^ç³ù#tÛ•Õθª=}Z{j³BR¼s lbE…V§î⬩ª|êÑOújŒ¸ò÷Ûµ•YÑ`·DÍJŠZ¯(–mì eTå>:ä®_;z¨ðCw••à[”Õ5Ù?vmõ…«"•#=t"Êc7l–Ï?ùä\£Iv=•jÿì3¶ t¦´bM“¡Ój§FÖô1L4ÅY& ‚ñ5î=ЈBM®æ:Èp¸ÜÁÕ+_Ä*’ÂÜÝ•\••þŒÑýc·{5}èÞüþÆqþ0•ä>r¥óPwÕÁ«0ÖX¼:=•Ê¾ <0ݾ4-vr«Äæ "&*¥ü¼†•NÒíºÀÒ=v~ ’ŸkvmAHš•q¿+N]"®¸pOlÏò’ÑùxZ såwn=ŒêFC•6sI6¢šöU5õ`¥ŠûÈa‚µ{#Ò–((*\½PzÕØŠN¯•ôño?º}û£÷Îk`…j`½ƒÇ-´ÒÑm|~G‹•¥Íâ°ÌåžzwãûÄG3¨º*±;ƒîºtÃ×ÉðpâD‰•ë+dIáU?)Ñϲ,@¹+•ãüÑAåFå§Õ³£çîãC×~y㤞ӬvüñyúTq¥B–ÆUpb¶xW¬ÿÅ+Öà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (829 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"V@”&ôS‹—àJU5ðMÀËý+ó€ç£1ÅÕìl"•%FᕉÑx,·Qú‰ïäð›–õÈ‘»4 ªØW|‰ƒÉCÜÉ_Gd{D¨Þ!ñ“>>¾XýøÃòî'Ÿ|üþûÐ=èU\íÕ~L¥:Ûø)h•åüìH ¤ÕXØ¢Î1¹b•$Ε`@Ý»§Åª‰ n$„1l 3èzÂÚdG(\ ÙŽ_ÓXÑhT}vüüåq©R®¼8(—Ë7JÏ÷•K¥ÒKÏY¹ËÁm‡…«§5»Ý>-ŒE–]ZT¤Ž½™†S2槙C">‰4g¬1¿ª&`±˜5—ø•Ñ€höJìÌ&@]1q5 \A"t»Ÿõx¥2âÇEõ&•Q†®b

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (830 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ñŠˆ•›^~"\¯é³Ó7Áý•ÿö•µùîo>8g6£¸boœŸÁ¥m•V²Ý íVÂåÖ¶A$5ª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (831 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‚O–ÃFÌÀ2]‰u¡Ö%Y ¯†V”ù´Üg*DÞ¯•’v‡é‚[OJ»»år:n*»¥£ŸJ¥ŠÛsTÎå깪ÒW{Ôí¥ÔCÈLƒ±XÜ–e+—¦ÓÇDF#´WËËK0XÈÇC“JƒÄ¯ékr5rÅ„{BÆ«ÀÆöh, Q¹£³££‰\¹t¬¸ J‹¾”•W1•/>[;„‡ ¨åëåȽ¼w¢·W@F4…‡x+½ØmÖðšúùƒ•þÝ?Ý<ûõzk5ïyFæÁ=¯·z» ÚR…›7‹IªÊ&»Æ(ˆ1ù-|>Ys®,µ}(²îø ¢(½ôŒ¨%õS8"‚R4Òx Eñ_ÒYÓS‹kë•J¨b\UWîR¥rv¼ž«òRܾ°$W²ÚŠ/§‚öMÜé•Åyeè]Ý^¿ë#3ÔççÍ4´98Ö?¶Ä7›¢~~ç6¨Î”_[Ò”í9<Á¹ò!W‰í î8,06‹%rë•Ÿ^Ç•kÅõ|HŠ‚’2£B¢^4¨çÁiYÐÀ£·UôÂã+#aŒZr$²üyg·•÷ÞûÍï®-üé`ãç[ÿz¾‡[f•3{oµ#•ÂóÞÛ]?þè•0Z••åpð©×¼È†IÉ€%âSd©¨qØ~• H·÷hzª E Q‹2áP”_Sk뛄Õz¹TaÑŠQæ.A°Ê•lß“[ƒ,`ñ<8/pj⇠°DØ♕–OßÂôñŠ>F‹Y05¶r¾ÃDíWTˆÔtÚÃíö_}…X1•Î(_æîÌÆÌ¢ú•Jéḑaç<(,þjæAàâçŠgÁæ%É}}¢ËKîä`RìEiÊ=¿kÑïÿáý•ÿëÍÑÙ©ñgîׯ×˾½Õê öÙ$ÖÍÃb¡Í´2“•X±.{³°Q¡ÍÞÄ LÜŠ†AÕ÷D•«ÍT•;6¤°zÂ"ûÙm=|鹕ýêe@õÂ-Ú7uÿ‘û¸´»~rrÂÀ*¯cùñ• Z¢"ÒU{Ê·m[ƒ LÅh$‘湋Ê>u€©-w ‚•õé«aµ¸–/)»‚¡2þ¥%?…ó`î‹Sì–€ª>J„¯Ç ¬@®|«5–iž„´¸%ÁÂôÇ“!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (832 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

\µ:Rm¸9È‚VWT8ŽOzVR?}ÙV„*»¢B•TÁ‚V¸@š="%»Ò寧ÃÅþ#‹•‘ù•zj«T¢ö¦³ÊЊº~]&Â=ýšk¯.!«1p{„>î3Œ}'ô¢Ò›é)šKäÇY

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (833 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

K<þyI`ÅgôáX£ 1³hV¸‚7L_];ú<(¿âJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (834 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¾‰Õ`ü8¡1*ƒU•4W/çjzZ¨÷iÞê»ÍL_‘Ñ34uðúoÿ;½¿½ö,êÈä7ÑûÕÌõ×ÕŽŽ‹úû¡®×ËY°¯,GT—kAKVÝ¥Zb¤‚8 žÎ_6Ξ±:ÿë•š uÅU•–

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (835 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 e¤R&(÷¬T2Ô¡Š‚t¤øÙÑÁš~TaFÆ0´*¸2t³õ`‹dj{5I×ÜhSšBAõMú•ÂÞ<¶•ó̵¶H‘#©µ#©ý5ÈýòMŠfšI&ýÚxwã;vëØI¼ÅñR ÿ˜øæ/É…b14¥Â P8ÜNIž#‰‘lšTHŠÖbJEŠ¤-_ƒµPÖN%s‘XJšq•¤L¸Ïó¼ï{ΡäÌ}#qÓ‹üñ÷üžÝ¤ï!Ôæ|¨ùm„€ÔY•‡Õ<˜ú ç]uáè•.Ž+´{ìç>ℾN>Q Pŧ?¦ì¤¨XËÍ29v67©5»X^ÎKF9k©Ñ+õŠ—Zë°¥þ±ÂäHb·ÄM€“•À /[Š”2ÉŽO$ë,FȬÉêƒXÔ•ª+>¦þïêøŸÿüç·9a} ífP¤ž6íp\ujE W¡Ë<3`…XšMfn͆+•)WEM>ýëµ’ýBRZ(e¸â(C¢Ã¨•Þ¶(—›¯®öܪ.!ÊöôÄáåH<ø§'ÞðXœ£Êas„ÁDŒ|† _u+uuáéÅÕRŠ¶7cIB±–Ü@MbµµPU‰’d0€• Cû,•ZP| mŸÓ*b¤ÚqÁ]\·j¢ ˆÕ"âªåû+Œ¸Z\låé"®W=‘‘•Æ®´SÐéµN´‹ÑkZÄ]—Ô£Šæd_q\Ýý@•î¬ÁS[Áé\sŒHX•P¸D#î|®¬üco®D"G@èªFHªÙÓé-zä²Z~

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (836 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

7QaÊv?•®Xðª@½Ã‹€Qiyá…Ÿÿ<çûpš“•^7ÄÕòÈ`þóÏ?¯[YYŒ•ÚGKs©žÁD-î$¾Rg1…%vÚŠÚ÷F”êkBTš´R1Ev•Bë¢^ïžÆZ£§X™~3è)ÆQ-Œ—ÙÛHÑÁJñà”«Å¤+ÂÕÊr¶NäpX†p\ 3p\©úìU•¬C¡••¼ÂFC0›¸'w*³Rd*šU¥jvÎV•¾ ÎãûgòâêN—˜øä4±EJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (837 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

- @S6k¤é¢ìƒl 6„ Nÿ>ÀUdûÆy¹0€¥Š¨™^Ú`Ò‘–0•ì»M&}°Aaa|Zm6n4#!±ìÙ‡ßüü‡1ßâý)£ª?U5òÙý:höüÂl)ƒuJèŠÐÙÕ•êú•6]SìÀUM†‡°”¨×Óä·‚ÀOB[‰•è%Õ𩸢`jDüeR³Žœ0¸@•¥-hÅLÿ±1Pì ¥Pàj…ÛAnáFëz¦ZÛ/•;vr²M–¬@ w¯RøûÝwµe\·³DáŸÉ2Kx—áꎆ©.•°ÔiÇm¤®²ÙH$Êò„ ZB;´Â••Ó4f{,&¯s2LWUzÒMòÒl¡ ¸‰cŒk)D¼£•þ@kÈr„"8Ê• j+‡$O•óƒÚûµÃ.AV6[·Ë‘¤ÀÎʧŸ•lͬçfzpH(Íö),Cg¸*Ü´A4J‰ý#ðx€(©‚ë@e.ˆ(èÏ%v¬‚«.éxJ@%HWˆw›)Ê‘¥ÙBÚfCל±|<Ú0Èp…†ðqM`cu†L&mŽŒ•U¸T

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (838 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

D¿PR·XlpW±cº•jVtGs ß½Àr°¢A|¼{ç6S•cª‹‹«5˜ÒxŠ]G©Pöb2•ŠDR•¤°ì,>»•qWkè*•3kÊW•¤Ø;DOD:}%BðŠ•…@…ÖÌ~

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (839 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Êb¸óG¨ºÜb¶¶²jÑ[Á+’|ÿÛ¶=xr[ÆÊ+/Y®ë‰<ו?¾¼ðYþ³…¥Ïª?M÷Ü@gå•~>‡ÐíxŠohõ•¢ò•M]£«XÜ®‰†2âºD2ëÒ•c I”:•aW´ÀÂ:•Å‚£` —Wà¬|$O£¾(0ºÌbX$Ûו½ºŠ"à‰g-N+Ò¼D ¿k*žŒjg_aœ•jÈ3Tç‰Þá„¥Ž%¾ÑCJ¯¤Œ•¡H('’‘Üyðª³dUÌt2xµ¶ÚM4ǯµ3_¾àÕFá_û›2Hµ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (840 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

:L‰à;Ý~•Gº…1®â~¡Ò€²]mu¹¹ùr³0Í6–„Ÿ¨vÉûõsÏ?÷üÏ•äÔÈ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (841 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 k™

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (842 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ER‘ÔÅHöâE¸ƒ8ˆ.^¼èu§JHZŠIÍä´Cˆ+ÐX•ËµµW‚©®òÄ•¥ÒÝÒJ bY„+…ûƒÈU-L^)¨Ü¹€eÂÕÀªEùê¹çžü§Ÿÿ€ÁÊÅêãœVËmŽ«üc;·>Q»qn¶¯§ˆMyÕ*‹uv•f•‚GX¬âJMòW•Ïÿ™Õb…‡µb•ÁÊ- T•SÍÚl®¯Ô€.+ª&”IXônkÖ’¡’.vÕ¢ ˆI,± Z•e`, +ð ®–³`ýW·ƒý¤ ÃöŠC19É„ªJ±ØP½ó®.†+fyeû*S¡ˆqQ•¯Öû¸jÑ¡ÊH•<¡ÑñDz©‹á•é·<ž?•¦€·’CLÅ#•±À{¨G1oØ6RUéQôKT'Âõe“Z:Êø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (843 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…ÁÈvEèt+j!Ñ‚CÖ«À’±‰¯Ÿ}ö¹6MºX ›P……™®±:Êß,o•Ý¹uß×+gh׺4j‡m•)¹Ágvj_•íµø³YI]º$eå¦àd¹ÄÀtIT0`t•UPKüCâN]° ƒ¼:\©¾a³˜•Mü#{—–¬WÔ;ˆpbd—0—Á÷ƒEMø/uv›•Îàû΀Õôof'¨s»FÑ~Õng“•E¢KWÕÐ j…µ€;•@ܺË&µëpÅÖH€ÿwg¤SÛ£”ͦO ѳ,û×¹ü–ç•›ž·reýý7ãñÐWÖ¸ŒÐ#ו~Žl`«‘á ~k¤2'™tAÑ«&¥EB-2úȪ+-,1ØÒÌ#—Éuqv³‡Vk•…l5öíó«(8…jf„på:¿B#6³Ë[}õ£W~´çQ¶°»hC‘ZÅ Öóá¹QZZÑÀ+¥ œÅšÖ¦k,TZuÕ%’QŒ¤¬x3ØaN 0yhé¬6銎•ÄY÷€Ü"$ºÒ"æcai[ÞäÑò¥pž´ûʲ˜Ñ—%¶BÚòœ6§Å_ÔÓ>Ô•o@rY~g»S‘Àù•q‡3<߸cKÉ•’I¸÷ö«F>K”>¯ÖU4\h(0•w„V!¹Þ5ÂÖÝ•Ï—e8ëb2ÞßýÓB_ûÄlÔóÖ[‰•p2y1yX,‚ ôä ÒZyæ¹5å½Õ¿¹³ê^Šl"ò¹ªsDˆ•%-¶f/뢦5ÉœËZxBÔ2´(—žÿfe—äÄ·¿øųÝhW\:mÜ}ÝfVêê¶ì9·aùÝ8,¦QµpÚÔ®úÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (844 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

š¦¦MÇ&Ta“ò:¨jv³Îî?ñC•Ë—¸F§r«#©€Œt¦NnQ•$æ7ê¤w•O,,0Ÿ0¢ (Z&Ý—ñ&ƒÁìrƒCMíð—49$§_’zͲÓÐ4±˜• ½,TX²¢Œ*WßáÝ2øyíj•rgåÉï•bÿ@ð•ˆ+Œ´±”_'‡·mÝozúûû'†Ê&n†Ëߊ$â1ØÅ‹‘ÈÅÁ¥…ð@íüüBíÂ`8ö~($äí•v»Ýˆ{ÚÚª7Þæ™d*}!õõyli¹bã/en6‡”øö—¿|!êb½w°,ÎÛcè}g?¯Ë×*Þ°á7çΡpÒBZLTܺQÑ„UB¤&X=,˜?‹EwSÍ×XHFqâ*¨\ @HK3³nZ¨Ð›Y²FKÓð`(¥¨Zd†'“Lj

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (845 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŠM Å{nßÂ}Œ¹s\QL”‡EGÆÿTD˜•Áv,)«˜

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (846 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÉahêPd¿Ái²_»ê²!®0¦•˜ÈRß|«rí*¶Ë\Óuz‰úa#»e¿{GóÇQ§¤–;5uŽp q¼õÖ[8ßó§\î‘7ß|ó•¸/›r#CE²•ÙÈÖ%V/.V•WÕTÍÏW?öÉB¬&†Ü•²BÆ6b+ ÀlìºÀ±”lm¦gâ²I•ò”h$äQ*= GéË®Ð2p©ïoæA"XxòÅ+•”³) +³96ˆIþº••üÊö E»q¯¶nT'¯D©Lߊuƒe˜× +•¦*”é#P§²uµ$”¨ŠzŠllCF3ïõ Uu…#Ìz&<¼@êJ‘U\•›¹G¨²ÃUœM¬eÝ8ã•«5X•ôÕ÷õôáF

‰Õs?•ªÙvŒ•dUYu•£í[^êõ‘‘N0záÄôŸús¹Ü›½½ÑèŸo½u~Ôçó¹A¸g#øÂt.g#‹UX賸TU[[[¾°©Ý³:Ÿ•ŸeA¬6愲mmƒ£ ®ðY‘,WðYhiQó• ¬ZH¶›xbG>t¤pR&î hÑOA›Ã÷í‹?OóÂp«Š+xàœÎ×e?ÿüóÁ…ÏòµE?<§¤ë‡©Vg5`}2o®gd¥vj‰ú—uŽg§KL¨_ÒÅj¨ˆ•àmpÅFïÂ×ïyóúÀÅ‹(¶Œ$µHv-W?VU]½T˜*¯•*•¬<œŒT—W-„³|Á%€´«K ••À˜Ä¬}. jztEWìnË¥Ðó"áLÉfLÜ•¶’åů^ÜÔ-ñ¶+>òÀYž_È/×-W·ÏUoy¬òç <Ó

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (847 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

á q…v0_³ý±šÇNžÜø»òÇ+lj0¥€Îldp0•%X1±ÕÀ³è¯UäÙ•H¼Å?“ˆ,•>û¸×L-d beyfx|ì‰ï^˜°•Ôr8lºR9j¦rMMæW§ÀæÛûî×®ÖÎa(Œ\aE_iE

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (848 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5²R™z5¨Æ,:Hnß%Š'°p‡•¤ÎT 0I6›M×ÈlÍC„|•¨mjx•µTDï þVâDÍ1&ôç¬Xï†ú\uÍâ"¼‰Ä\Ñlßà²äBeE•v{i}cÓPSO»¡)è

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (849 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ôÔ·ûƒæ@Ô`¸Z)uºÊ:YHtmN»go0¹lï\ Kˆöp¤K¨«6ÔàâôÍþþ›¿ÿÝÍß/üîMàê‘7oþ~à_/^¤èÚ`uuu$²Tµ€l´¼Œ`x¤ºæPmyØ¿š0|}0_³¸¼\½ðØÆGæÊÉ‚‰•Ëlk[[ƒÈã€ê½lñ{ Öè)MÊeÍ ÄåJÓíª— O¶Í*µØpý`‹,{ï?õ̳’诣£ •Š æjªÒù¥Á•ù¾Õ•›**J4O¯×yHwLRíU1¯ö²ÒPå´‚Šìsý‚ïw° •¾.Ï*®DÐÃF5Å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (850 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

’S¤z±ºfi±†€µXUUS •.,!=ÕT•/…#y3TÃ÷ÕVä7nž_EßV•]äUË

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (851 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•gÐë(gŠÂ5:fæ4*j¡¨ZÇÀ}A›•¥ÙÆ2dð¤û¾zöÙ&Ì tYÙE§Å[YZX™¨ÉÌç·¬ÎV–Þ8GújÃC‚¡E,Xz•e£)!°b;p<1ƒSAE±îvëZ.Ä”š3‡°ZÁ†€b ^¢æ-&Ü‘µÄ6)Ž8®L"Î`Zqp»Ý)ì:•D’ž8¼6)R/º÷·IvX•þÞ`'Nè}¿£;Øn‘ý€©ö&ƒ¡©×q>è÷†d¹Õh¿fl…'P¾Æ•>á6ˆÈ Ü•W•ð•` ÝæwþXXÄS=°TSõ»ß•/TU•ÿnz y…R>›ÏZQ‹‹5UKÓ‰ÁüâZì,•0ÀáÍùê|aV]Sµˆ–Õƃ«#DW…Èj5=¤¶E•F¨Ò••³N …8L^sóeEw.󷯢••Ä"£r‹òÙS¿xñçÌÙbN—ƒ$c'®]ªÉ—/,äjj>Ùt¯¤X J‡+-ìŽeÆ¥¸C—mfXUNTe••ÃH_^eaVЪé*«®t]ídFÿ?%‚3u"Ä.5kuOÍÍ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (852 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ç,¥0Šµö¸ÝöT*á‘G£ÆS\G#®maÀlê §J-&Ålv9ýC{½£{¨=]º!í”[]²Ñõ+×p:ûZf•7Ð74ð92 ò5llm0..ý~a±:¿”wyUö_“vZÎbÌ#‹èF\-°ªj–ʧÿ—",,-‚ˆ_p9R©Þ¾½¶Ñ¾l爕áêçÊ0vé••Qƒ‘ªzÖœ+WL ÁW –‚|‰EÕÄ{f/koZ ^úÚ6II=õÓ_þKÚÁ29\·;P¹®¹¥ºüg‹÷Ë?ÝXùèîsú‰´:`qñFÉ œÞW,ò†õ³ÆVÝÜb³íä šõ ÌVX¼Ÿ/y_••WT; ÷˜Šâ‰݀þ V+´¨Ž/÷•õˆâñv +L•DD@»S÷Ö&Œ™H‰™Ø÷kÏ6ÅÙŽ¡l¨J•tÅyU).2}Å.諯DaurÕdª––ÀŽ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (853 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

æÅVºº,µ|>œ´-×ÔΣ«À '°‚•°—¯ªÌW×.U×ÖDP#mMÜ`KÅGÚ¸3¨Öšâ$RVä£ë´%W†"í—ùÝ÷

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (854 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

4×åË&nó.ëðDß•Z5T-˾•¿{æ—›&%\/+é•eå@p:ýéÜââý…ò•«•›•(aFpÝáõzØ‹J!‹ÙÄ¡¦3Ö¡¢ÉÉ•O ^ân þ\IÀµe0Ì+T¡Tj&½E’T\‰+Å°r…¥¯m¨ÓÑ•â3ˆÈÂÓiÌક³ËhW48=t¸<(;d¥;*ùeÙiRüÅM2‹_‰ñW«&ì¦wÔŠ†?þ±ª«t²È3#ã#Ëù|Ýr¾fçJ~'ÕEƒÐkËÖÖTVc•ã@2›Å•huu~±f1©)_ÂœMÛ†T¹Ýëž%GVáM³†{?åa• XëÂTŠ¤tY÷îDuE•>WW"r~`ò•ü䙕èÀ´–Ʋr}

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (855 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸êKç6®NÌVnúø‡VëQµ¡ûqÐBM•òíA‹JUj7•Åª“U¢XOØ;••tý6ºÈ•Wa€Jħd¶O£ðzjox__£ù,ël¢Û‡|5¨Æ®E-&•‹w%IRŒñ_Œ£Ê^”ÀŠ‰•P”k&i¨]Áâ†kÔŠj»–Ä,¬k-×Ô$ô»•fŽçÈòã•×•DvnY‰DvV×l©ÆSSS5|Õ™©NÐìú€UÛ·/Fò‹^ž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (856 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ž4®Í5/ˆÐ¤åÃZ¸`—[|O<ýìsÛ†%ªOÃ(–åã¢ØMk±ø{i9ÃÌÇÏT”ÅèpÕHM¨•b%8ÁŠÙ@•öE\ •~‰ Cú,¶nsvXé(LÏWhE`A«-¨Îà´E}èøm:C(d?&·• à 1ᆰM'Ú;•FÓú•KhEX™ ‡ØUQ}‹Üá†Që¢xGuéã*ŽPà)èwïÞº5þ8¨©|¶zËΪª•y$#ê;IU•®º0O;[³+ùÁÁê|u

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (857 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

–JEÝ•`œ°´üâH—H`•t阊šÚõä[å[3…šML•_æ€b$Eá,¥0ÇÚÂ@dõÔ³Ïo "Ëzh£ˆ(›ƒ•ˆ–>úèÌ£÷î=úhÅî‡Û@êŠÀ{qQ›¶Mõ~MæÿW¼l• Óq‰*_¬¶ ™Ò8ºn^ÃØ qÅêŘÏÑ"¶Ãc¸¤¥à(¬²¬¹ÅjeuîÍ”…oH7z‚[¤²•ô cAÏDÁ±ë§•ˆŽ/$-1úC½ÒÍ–YWãw÷î-`«•H¾®n¥¸*Ÿ_‰Ô•Ì–—Õ•š•Ù”[HQ`GtµZã¼®t\•,2†mU¿W£ùê =4óÀ“M,•ªPÐ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (858 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|@zŽµo! ŠÝúìÛ_œ•TPicøA-•ðWTÜ+•¨è©())p%0Eêê•;%¾b»ë ñDP".z‰Ê^8®›Gu{—ÔÑô¯à+£SY+•l2%d"YN™YCQÓ Ü@½¾Ò[@¤

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (859 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

{2ÉeU–!+’JaqƒÁßã•ßÿüæÂþ–o3q¾RGa©k˜ŒÌêTße3ܱNf|¹ÛO—¯Þ¹³zqC³mˆ«ºêªšüJ–—YtiˆÒªjº_ãã]ª®až—ÛÒÇ•ì•°·ã{p…Ÿ-W…“rYï *R3»‡ß ÕÊI}ð•<ùâ¦i*›Tôj²<ŽpÚ••JJvï.¬c×㪨ç®óÃ9£7h

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (860 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ךfä¨Â–—ÁÌj«Ì\R±ÿé%aü.é%•ëá‰bTõ*‹DvNi‘]íǺR¬B)ëv~»Ý€+œG-L G–Új´c–ÿgy¸¼•l|r‘‰@Äçñ¯ÔÀ‡•¼£›c+êÛo•dUù•Õ[U-•Çb·ìr·k.×UƒW82~çÖ-Mݹ¥«„ ÓǸ–)ÊNÝ«•¼-š™•vÙi“UÓ¾æ¯?ù¬årÁŸ*ºe+Ç••Ú³í^ù_Ï"YµðFT}€[ðÛ3c6÷Ý(¡ÿ+´•¥e•}½¥¸¶«ô^Šöú¦ –fæ'ø>YÂŽ³¡ €uÉIÓ±U¶º´FRQ„¡YŒì•hph‡ÅŠ|ål’Rì1ÉbÓúã[¨ðJe³tñ÷"ÀE"¡lHÄ®H¶33ˆ½zYFTŸ®Ž •0È ?²Á&:T¯©µÈ¬šO¬¡Àâ‹>èï®nÝY;X»”Ç]åT˜[‡¥öX[êΕ»ðQ+]qé8CfÈU¾ 1Õ2ÖÝè.Ð31fCj‡‘ÆC*YqÐУœ©„‡¨ðÀ‚‰?¥LÐS3’¬¤>ÿ•g¿èf VÉ\)ľТ‡Ïl*aðß'•ŠzzÓ›úúîUôßp®št6•…@•LW™ Ø ¤X•¿‹éöïi±Áx§ƒƒŠE<©ôJvÌ’ärÚ¬2k(¢ohna½–,•WùñQŒ¯§°0 ðBkˆê]àŠ«‹.ÐΕ`3[þJÀ±i5ãXFÑFÏwãЪ8ZlXïXE}tIõ#„¨•É<`bçÞ¢"«[w•¦¨ŒG êG”zð¯XFDqTá€V&ˆ5Í!Óº ‰„±^T…AQ)E¾Ä9ŠBÒÕŽO¼)ÿ?ÿùù/l-¼Žšîh^•^_©±KsºG\5~•d'ÑÞÔs•F¬Uô6õÔ×ó —êV>`–Ýj¡©`SSGÇúÞe5¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (861 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 f6ª<„ø¸:⊣½ •ŠiŠ´K-¼È•ƒHGR-k•{«%‰X,žŠø’¬©¬d8¥+}jS;×…rWºþÁX©žáUÑKφ©i••#‹íËï°a LÌ¿ °gó±È 玌Œ•ßRÛ ²nݺÅvë–Þ$]•wÝÑT×UÈT(Ȩ–ia–ÊßÑêGt”¤ò#+´wúÅèWŠfÿL&Å´öi

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (862 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•õ¿þùŸ6ÙZ$ýÈë,™ÅQõSÌÌ4KÅí‡áª˜M‹)-ÅfÂ+J3«@²Xuá+zÐÐ_©x²ŠÄ2E=°PTa]&0IÁ[$›…!•÷t±æ@ù¿ÍÖè`ea•ôŇãnê¨×“ØÕI%%¼ ®•M.#cØ`ñ絧`;€†+mJÃ;"çL0â•Úä¢Ök

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (863 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

#HQu|Ü’ÒÛì ®4hÝÒF|EÐGì$ZÀŒ;h:½¹j™QŽ–¢¨ð¯5‰2ZñÇ\Ö%ž×€ŠµT(_ZªY5˜±ˆ='µ`·`K‹ *Ý>g52Ê,Y𳕅ÕÌêÇ”¾ÁaW¸ç•ž•h‹•E˜?Ðíšÿ‡î ‰yÕùÓ7Z%Êаpº•;EV)ÐAwY¹U³f )tò0f*¸Éîú|èú|ñØp2™H`§p*éó¥°•0+p%2.}®cí-ÑÛ²YšTg

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (864 of 1076) [12/16/1999 11:39:22 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÒmäÕF¯6\x|}Aà(QW…ÀbÍ`0•nçc”TH¦èù±Å2'ªeTT½…'•r`èß&…ódÄ¥¤÷ÚkÒ[Âŧ•ñËåT‰ÛÜÌ“m•Š/l¼‡ÑPl“hj× øX9(ÞçÕ NÆMjór•¨Â‹jƒÕ•A¨£`- U¸bÄA’˜ç'Ë…õTë‘%c!úyvÏ ¸Jx½>Àž00•/÷¦"aó‰±pDUX¨Ü»Èõ…JŠž®$lXm„U8´¨`SÛG <«ÃS9• ³R°¼nݺ¥VHSø)D:k bƯTYÚ§ˆ£Zò¬• ˆ9<8èSÙJ\¾·FÈ¿§ÿ›IÌã$ ‡0jÍ:\ ~õâ‡B”Ä/J#eI/Ÿ“QhðÀ•uÀâu1Eõ¹ùù•«ÏP”½^ZEc ~‚¬TT[×zÈf1h,^x¦Ó4«UÉTÍ΂휧Дõ¸Z¨*¸ã3è0ùÓÓÓcÉÁd

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (865 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÉjºîêI‹!K ¥Õ¸Îùð|M©¶ÜËüJ„P… Z¬ª©©ªZx®xÚŽM_r‡´ŽšY•>½Xðàèhz^Ü+Ï°=ûÔzQøѳÒbµ\‘lªxÇÑá¤è’ÓovúKokÕÆš¸¡¨±wõ“Í›?™©ÀfÁ&^j0ØøY¦ÕÍE•§

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (866 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)µoYÅ”N_ñI.ÊêØèÿoþùöz3+Ūéu}§j]¨B-ƒå,'oLÜ$QMù|cñøtln†Ç|¨ã}¾Á(¬±˜/Åã jê9‹cBôìÓ¹Š<¨¢Iu¯2#xUÇUš²b~¢QÞ߸â¤õÖ*„Õ-²}4é¦ OS€)4|UOlbÜ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (867 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

1/¨¶×Ön¯½Ÿ•ÝB%©"Qé¸TÀU4mIõñ)l‘œViÍ;×¾òôf¼Ñ%™–ÄQ…],›•YbàS[Xœel–•†+]•7Ò««e½¥€«z’VÁŽ@Ð`àñ+ò-Ö`;U³´ŸªÛõ&P-ÿ•,ä&³…\°Ù´Ól‚áJfwYÖÒ4*•a´ô!ÆP°"+9&/Ë7Fö@•%à‡W”ßa‰CŠõ€, ¥ì>¯,ã{Üç¦CÃõ%Ø6x•Ò‚PDuM…¿0Š ¬õ¸RÑu ë®jIY1•>Þµ†ªÖñTðÔ ³|yV¿ˆõµUUµ§ölßþÊži¯››@`,uß•à(ÞX/KúH3k+B²•ùörÇebdþ ð P‡=1lTu¼o¶º€uúh{ñ9^ΧVõ!iõôö¦@°‚Ážö@mÝB+Êä¿Ußd£•ìׂTªJu6;Wô²°¨Ú:Ø¢u:cÒY–y•™FQß+¶L&2$}ÓqÐí>d)€¬Üê+xÈ+5ˆ°J…é"ŒPæN¹“ðm±ÑDüv<…i´ÑˆÅÖVn猺ƒ(’1r’Ò¼C5ýî…?üa

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (868 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

²˜M\ËXŒ«Æ™²âxbm<…˜TÕá<Å•çªêê<«¹YªûW[U{âÀá='•¾öI\q‹n¤‡?ÎYJª "¡¼(2»¼ó‡\•-ád"ÖŒBøAØꀖ¬N²…„+³»â\c#¯cç¼ÅznpODpex?ÈëøxDA8„ºˆçC—ŽHÂKˆ·f©ð«ÔA•é •Wi%“poù^¸Z_A4œIúFJÀR²±éi@Ö@|l«G#©AÔ\xE¸Î

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (869 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

3DÁÅ(|°ŽQ`0à-d¯«×8+±UÎ8]¢XFÛ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (870 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Nq/€ÕÛë•!yƒÜªa…¡ßùø@!K!M‰“Ç’šªC5[jð€®Úw¨v;œS/Ÿ:uê•~YE•ÖÕ‡'di`Ág̤…:³Šiù/OLéž]Ùbcc{Ôꕆ ^)lø’ºß'<8ƒ}¸8³ƒ%ß+û$(¤UŒí§õ«ö÷YB³ËlÕ–†+Q¶.ñÈØ.èÁùg`ì,høàž¿Þ¢Óïj— +ÕMf`oEü»Y/À“z#É}ÁøTlŒX*èŠÆ¦ãÓ‰ú¨ãÉ ‚"ÃzÒPÈ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (871 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ßéõzÝd }£àTzÁ¹Lx}tÜn{« &¦ÊÅÊ6vZ×ì£çMª•(<•?¬%«»<Ê`E®ßÚ˜Ò#j…J¸j¶l©ÙwâD`ªªêЉÚí¶8°}û•S'Oîß³éºlzèY×®•j'Ô62>¾¼ü?ŸŠyQ¹U‹Ú‹#zô"…ŽÚ.—½BÿL_WTÚ÷hqQ±Úï\ÔXlÕ„›’ÐZœ|ƒ·Š+ganÆF]ú4qÒÆãé¼oËê24uвrW Cÿ3Âä+“°ª¡…¢ºèÌàceúóP€!_•3˜àf/LÊ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (872 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 nŒ LO'ƒa[a ˜†™ÐJª_qV•ÀQÞQ”b>Œ³z½Yˆª††k´û©É“¥O7ÛfÚÐ idZÁ?F±t‚}œ v>’½? \u„ª}0YDU³cü·cßÞÛ«Ú~êØ©ýðùÒ©“§öœÀ'írÁ[Ž•zÁÿý•ÿr®ài×¹R:†cÈR_t*w0†½÷JøDÇ¢Ò²Š"\äLAvÖsS¯•A§Õ‚ɱʴ`.ÂSܱÌ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (873 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µœÎÚ•’SWkW³Uœïȹ•Yf© ‹Í¡…?L:gˆÅ?•ÞÆÆëá£ì϶ñúF>€RÖؘo0™L †1ô0Æ›@]•3™…tE”–Ñ7|ÛkbC`± Õ=:J5ÌîPAŸŠÝˆDõF©xߟ ÈrÛUîêlè7×Ê«Â0C‰«né`EÐ"\±PB]•Ry"ª}UU[•€sèÀÉ'O?vìÔñ£‡•…Ï7^>üòËo¼RÑÞí-,Áz¯0:Ç+DÞ•Õ‹w'âê/ýݳ k@á ’•‡þ}/pe¾²:Í•)âŠUÉ4Þ뱫Ƭ•Á=ñU ª=Ìú™ÍjºF†UÄ£®ð²TÒQRá.- ë õ»#ÔP„•ÃñŠjɱ%&H9ШṠ'.Ÿ8•âaš(žÐX@¤¥p8N&1N×$¨VƒQp•ø

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (874 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘çS/?·[q³hÃ5cc÷n×㕤¾Ðªº{ºšP¶Ë;"÷2¢ÁhègâÍut¥'«·oÝblu‹…Aut%¬ÓGP víªÞR½¥ªjß>ÖÞ½{8q`ÿþ—N?xæô±cGOŸ9zæ•7NÓyãµWúc^+6|•4)ú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (875 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ºÝË#ã•ù»ÿ럕ñüwOŒ)œ²´/kÝìeB‡‹·¯ã†w ¹û{h#%/Š)Š…•56ûA³ÓLµN\ãíÔq•ƒf,ù©#xU•“ cÑB£bï›MJuhp.A|6!âyñŒbÐqýúíááX>X±ááÛ·cè¹Åé>ª)¨)ªé±±~øÂdÊÈ/DÒb8c E".xÐO°èˆ3À©ÏëUDvúYdAÌùÐBâ~m¹³]F»;ÄÒthYÅWh•?ø7•GTP=®‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (876 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

PUÇij×<ÀS;v€’Ú{@uˆ¡jÿñãÇNŸ9ý~œ<Á•‹×Þ8]æÕÒ8Ê:L*,dȆòŸ•ÿå'ÿø÷ß>xþùç¿yâñEŠ¿øâÝZA‹èêdÝSj¤ÛB9BÀÕ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (877 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

&ÛiöB1ošïÁ•>äèºpæ§!¦‹•$1yÅ8ÌAs&×öw©!‹Ù´BñEÌf‰MÙÅÊ)~»ÛãöÃ@e† \1Æ[Ꙏ'’ÓDipîN£%DÒJ†1ð>†‡ôà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (878 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ø‹™@EMøHLal>Aî$0<—(®’ôáNÙí¡••ÓÖúJ°ìî*.ä«l]†DY•ßÑÁêqTuUùüÎ-;wîܲcïÞUU;•¦ö#¢¶ŸØ• uxêè™×ðM½qšn¿qøðžIuïTéS„Êå„~ck6sN/ÿåï~ö³Ÿ<õ“•øé/ž}öŸÿã?žþë·ß>ób+z§œ,©ART1V'½˜Ô=e²••ZÝ(¦Â†Æ=Mõí¿Ùï÷·ÚÛÍÀXVøt᱕lgÌâ I"¶Wòo@gÏèyŸy‹ë6Ò}W»¡ƒÄýš}Ól,-³€T²Ã˜bçöu@CÔð°†+¸yB˜&ÞC`q……Иžša¶óf„!¤-Yá0G0ƒ¾•8:‹ðóøÍIÌV“D]60É¢¥è9Ò•kÃÑNRî¨ýù†‘lÊJ¹©F‡áêÿ!7p•¼Åéê#5dõ¸.?˜ÚµkëÖ]ù-ûvl©Ú[Uµw€•NìÝÿÒþ#ðùÒñƒ*`©ÓX¯±ë—•>õÒæùQ¯ò=,¥+îK3‹¡•×âãóÿý³Ÿýç•ýí¿àüä'ÿ{nÛÏý|Ó"$”

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (879 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

êaö¿ßA¼ªÝŒyœbÿw#+X’ÙßúK6@³›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (880 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 ft•4ÝÚ¦R`ÁE’ÈUÒh0w8 Eúd¤ÕÚÌ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (881 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 d36’ƒõ9K’Q’ÜŒv (Ò†’L¸Üw;ø¹Íp5GTMDzbS1ðô¦‘´¤×§1Ä>†ùÁéé±D|n23=†¾ fDl…ǦÁ;d.¡~Øç‹ç2±8ü`sAÉ$7 pÅãó!üäv'Ý!fòRTíœôÙC¬XÓ–ÈŽ(KaXå%|·8ª´`:BjëÊÊÖ{w€ù«Ú¾oçŽíöž8TuâÄñ—ö“íª:~dúQBÕ«Œ®8¨Ž•:uòÀ©“cs§c7ý·•ªüàÜ•Ý’1•“ýËÏþö_•û‡•üÇ•üÛßþóg±ŸýÄgrãë#W\`5Sv£Hr¡‡–ÐßK¸âÉf´ƒE7šš†ÄVoŒ.à…ÓiÀ0ªÍ)Œ–ÃA€¿ÉÂu‘ds¦‡.]ê'“Û9‰ÍK‹Ö_"/¯ÅX¹+J_she£Ô¾àèvº˜

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (882 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆ(†Deöü*D€Õt<3755<•OÁç4b)•fh‡ì"\#¬>Ä4an*1=5†ùè0 .<05

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (883 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5>–¤àhrCž‰t,™Œ'(ŃøIbëø‰!žãíÄ:#ûjV•p”£•,£,^\è$›oñzn9UQãNÝ.´y[vÂåÎU¨;öž<°ˆêÄþýGŽªà˜êÌÙc\§sš‚•7Ž{iÿ©S§öÀÇÆQÅíSèS…×÷”ðã¤;ú³X#èv8\ŽDÍSÏüôÙç|õݳ•ÿÏÿð·ÿ„ó_b$KjQ3=-²•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (884 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q׺Á–™fÕq•ZMÅf.[ ÒÿP€Ê¬0fäærÂ'˜A§EkP†[A«øµCõMõXõ‚¥6^¶'Y‚6i¨¥•ËlZøBy6‚ÄÕÝíôº]dP»• åüð7¹$•d™-XÅoƒ´šŠ1dUM¬¦™¼-šŠi,¯h$§€ˆ¦â¹14sc˜>\Êä†3“ ,&²ñX.—† êà Q¡©7*JÒfÑ›•ÕPê4òšòPÒʆ²šÚ¢Ö:\1pqÁ~‡++§HíÚµ`tâ kç¾xÄÔÞ}'^•~äÈþƒû•üš`uöÌѳgÏEÅÎàëè±ãÇO•GÀ|¥…E=u_

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (885 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

6â»±•‡ÞÎVRlŠ±Q•VÈëF²RD}¼½@µßƒÞDP•`aéÖ•ûJû€©ö‚ZߊêÄ‘#Nlª‚€+ÀÔ¯<ÈVGÏåÊê4û8sDü±ýN‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (886 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÜøXUùšq•¨øüBå!”å6¶¥¼žè¤?6÷Ä21ß`UÿÜwÏü5¡`âô7¬ŸþýOŸ»½&Ö@æÐÜdkáfÇf–¨ÐÏó¢8U›C[7P¯Ó)îü‚NvºÍ€1—àœef(ÛiÊS3B;Ñ”c k0@YY3?‡Ó?9•ú»]º…ÛpáâRtÐÃ’ŒÆˆÌIî ;HY$´T…—1ŽEÀBÙ>Mù2Œä"wY…ÇâÀYè *§ÉŠÆy…þTÜGŤ§0·ã\¹ÝÞQµ"¢•‡ËµÜî•jþ4TÁ½•Ý¨6ÕS&çÝ®t¨úw¦×?°B#X·s'¨t´};€ž@J•¸ãÀtþSNœØÊê×ý±~Œéu„Õir•¶Nó‡dµ}{íÂÂÒâÒôüÛ}Ì'´sM^8r”1ÖÕ•“Ñz'ßÒŽO÷W®®V~üñ¦ü`“ljDq•úÜÓOÜ•0…1h†)YÄ°°¾ÄfÁÙWÁ¦ÐBH5õMïcó„ÓYÚH[€±Š‹Û•@‚€–sÒÐÕMa…n¿™m©•0 ªKšyu°ÒT«›*ËE%ÀÄ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (887 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

"ÊMG£Q§•€39™›ÄÏhÔã™tzüNO7ü•m2ª-°•×Q·Ÿ?¿ü<Ì$!» ó9# ·Hlo˜àÃf±•ê‹IUFK†ã…ݱa'Å•h³ÖYˆ*ÀUÒ{„Š;Ä");Èö±3\áEH³|U´ÌD«“ÑÁ•çµ¡VØþæoç®ûQàø¡ï·kËÞýÇöƒ¦š‚sðøqTUpÎ’|ƒ‘°Ô|<À“û·Ÿ8q¢öþRÍÂü\yùÂ’Ïçe%VŠ6vn½¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (888 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å®û½n¼Ó&ú&fûû'ú+O?üÊ+?Ø}®¸ÑÏžàOÿúÝ¢[QCï…Œ%[q«¥s¨•½Ú.êóC&ê+8Ý H*+|‹ºÙO)AŠ+h+¾…[BLü¡RC89tÅ0Z8žaJHsâ`Ï$¢(õ¬ÀÏÎõOÀ®è$|Ù߇ït`‰1þjÇy†#|£•œ_‹(Já0ºbdG;˜@ cÉ(®@Çǧ7c‹à?‚àJLåcncYá1Œ©ú,ÄåÓüAŸ•Êep›‘}ê·ÿéÕÔ»hÀšÈÒ¤¢õ® E®t°B\eëví‚:qd/˜»½¨Ï^Ž<ýÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (889 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

) õ;†N °ÕYô•2–„cçèáÃÇNm¯••]XªÙ¸qa 9•J±äŸÄÊEÅÐÚ«W¯µ†ZÝó=3=½ÑaO:ÝÛ;ÓkHGÓ•Ç^?ýÚ¯ü¶¢b& ïh´…‰•}ú«|êQqÆ’)Ø.³06W>V ÜiéŒâ2ÚЄj ‡ïY»•ÚÅnq±h§Šø– ã,–o¦amU¼‚O(¤GüºŒŸÇøÉe2¹àÕq{87 ˜Z•¬œíŸ•¬œ~] ŸéöxœžŒ•’"’HyÅcÝÝj™•Ie¡WHQ,¬1úHŒ!¦|ä&—0J:›ŒÁýxf

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (890 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

• AŒÂ#ì(ð…¬¤7:êMx}”Ôi]l…—(…ÑŒž*¨pV¯ex—V[2Pý¿ZJðí[kÄÕ“ì;wlÙwà´ÿˆ©#•£ã·•?è¥#¿>xü×"¤0^…L¨1uô,ÙC¸8|ì¥SNTUaVÕÂÂN”ÜþÉæÕëÜú‰zZ•xÍh?‹ÛK±Ð®Ñì7~°H.‡{ùuí«¯½Q¶iwQcÀ†ÀR¾}öÅ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (891 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¾ß‘ÞÉÖ+-8H Ý+|Ñ›y9•Í!ÆغºûhyM]@9 \Ön¤,— ×¥aX‚6¢'´‚.Ww“¥ ÌEüåÒŠú¹ Úq`„ð•ˆÊ•ÎÎnÚT¹:9éfš@êþ•Àþ¨Ù‰Â Å:8‹à-‡e<™Lƃdæ » ÷<ÒYpq;†QxZÕEà)¤…ØAåŽþ`"–w•5€þ#Ü•š‰‘Q˜°4M&ø+G½>ŧ¸ÙÆHÞÁçÇY ßÏ@ö.GMïãƒOK¡ùûw^

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (892 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

W•«‘+Š/ìܱoïñG΂Ëwbÿ±3Ç•–:xð×ûQQDðaPà©cŒ©U/•øª=T»„›ªk€²ªî×n>¹móü¨®D[‡*Ú‚é‹õnh¬O§ý•¥E7‚͸»sfÝNOåé×ᜆËÓ«Ãþ¡ SŠïÇÛΓ…p\’»ÍÍ4Aƒ8€íâ„%ÙÄ”k\?á©3Ø8dSÒœô‰1S–º1•@V¤¨0§È¡R—4•‹m‡Ö•Çf"]¾^ ÿ()³02œé øȬ΂,¬\Íyf++ÉüùQµ£‘ "bpxj*—›š‚ŸÍaÔ=‡Ð$X!°ðq¸æ™¢*æÿÝœÎ`îù‹•¤¤´à…ùÃA^<ƒÙ0†¨ªb˜|ôÚ¸J-?¾z•'…W:mÅ•^ø£Ø " u:—êpÉo±(ûã,ºþß‘½GN¿z„ÔÙ³û•?…‘O"*.ÕñDÑ9~rÿþÛ·cýUÕcµ55÷m†sòÔž=§öTöŸWLZc%Ö»ŽzzoÔ×û]”•‹&Qñ:O.Ë•¬Ø9=ë•èAk÷(Šß Á79f>ŠÕ»Ë•5°aéŽ+›÷,•þÓUNVC#ØœV@–‹ï*d½.Iæ Ò|+´ŠVë‰ÁibÈïGÆ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (893 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Q¡Ù+/ŸšŸ[•œE›7‰4Ô…$ß¿•>p•~¿CëC@Ö|â/ç˜áÃ-%%bRiŠA‹™F(d2„•Ìº‡ÓÅêãÁ$À‡1—3ÈÒ‡¤¯j úi‹E©?¨~æš •k×ôÚŠÃÊÈ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (894 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

K·}‚`õÑG$Ïé,ã4™ÇG´š\í=xöÈÞ_Ÿ~õ(Òi) SÁ%ü‡°B(<È1v쥗ö8pr{í¾-[ö‚›7báÕáÃ{èTnòÓ^EKâ p·»¿·¨Ñ`–US+Û0€’ó/¿®;¯•¹àM.Éðú8%+@ЉuKTNÚ•…æÛI<À×ïdÓˆ Jê®VVg·“j¬6&üKYÍ$¾È#ÄŘ<’%¶ÜØh-$ü>°q€&@žÜÜÜðÔüTù\nµ, ÂɃâY ÆuÌ`ºü•ht2Ëy€âˆEñ˜"…Eå[XŒì³k'DŸ!¾Û¹0Jªo^(T\}4’Ý•ßZ½eË;vlÙ ;öaEÞ®]»>Ç>èÛ|µsߎ½GÐî<ÐAôœef•’5gN#ªHe!®^:râÈ•ØysàÀK‡•böfÿ¾}Û·¬NnÞ\[;=Jl$óÎ.p=®…Ü£}E=íA‡Ì€¦À3ÏÑE•XG,eN¿~u–`uæÌ•655=M •ºmä º’Iáé;ÍlcVY´)T.*ÅrbÁ»“]£øE}(fÑ-„¯ô5a¢ÃRÐyJ‰h€Ónà—Ì0bf¦æçVs(¬rŸ¬ÎN¢4÷¢0“M<ÇE¾£›EÂOŽ,^A3x2dK3Œ²lÃ#»LQ4ž‰w•²¦¦¦ÉKãµz ¢Œ'`Ù(2VXM£JóÅã¾ÑĘ•7í OH)gqácUöPˆ;…ï°R\PSÃî+[óŸ®Þ¬ÞZ‡kÇ9£uËŸoݺuç;÷îÛZÇ37p#àž=xöè±3èôc€¢0ÕÄ|´ö8±÷;`¦Ã/>|êÀÞ»Vví8Öoû¾ªÁ|~ÎÇúÖTie¿jLf-**jwIf€Å$ÍVj±¼ùõ³g¨àêô™³¯‚ªoÜ°aC/øT'†Ãbí’d€Ÿ1¿•‰f¶ðÒ>À•DÁ6©vƒdAœˆÝm0#caV:hÅì

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (895 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÿ\,f0™¹C•]]Â4b¹xq·IP¡Dk•™ŸŸGePó€uÄ(•D8l\í;=àö°2SÀiÊ¿ÄËáçç2„•à$€) à7;Û? ß~ãtœe™¨šb7Ç••;Àñiìö¢æBœõl86v’•†…|˜YæC³B)Î

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (896 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

á-ªg¦0¯l¡¤76誱•³Œ¡VÊØC·;ÄæÖâ8™Ï9†¶Öí¢ëeúÜI«½û0{zý×ÀF¥3ÄS”¥!•NöÒÊ9ƒ„?|jÿ‰½;¶lÙµÂJI·VŸ8ü@ìäöÇ#‘Áéó"áºÚòÆÊJ{z†ü…Z»õkàÕ!Fdœ5†·eG෫ӧϞe¡Œ3¯•”–Ô÷¦W?•ŸÈ園s56«Â-¡£ð€Rxµ««ÃšV6Ú‹Dçoª7£hwµ7•«ï÷Gý“•íÁ(ÙCJ‚Ò4…¿Ý&ÆÐò\È=VÌøQ€Êsû¶gM].ç{æÌ•+H°r©æ’ô••±•2J#~"B@uH]³«`Ä>\ÂìËp¦|ä>•þþ‰ô|ä¦âdM!¤¦Ä‰•8妧HTal¬@•o*†:*N5W“™iVɬ4B,˜.Ò•”

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (897 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

4Š~C6¯•"¥È]ú¸(‹Eçá›X¼jd¹n×N8ûXàp´sËÊ2SíŸ×íÚ{ä¥ýûA³9‚•ŸðßQB§´ß™³h•7ñÄþ—Ð/<µ½¶&•õ~[·TÕÖÚBý•Ó‡÷l>^áÂØ€/„K MÔf{5”Jô•‚¯z›íŽÓ¦ˆŠƒm6lȧ²×•¦øyõUŒ½>ºº:7ýáÂÂü¦O2ÝçíMMf‡U•<†Ex•Xk½\œˆ€˜(cãï)ê@wК®"_ù•Ã3÷@™±®”yŠN®ÜmÑú dw¡9ë¦Xƒãºs’ÕK 3|=¹Žëÿ¤³ûömtëà×v‹ Wÿ¨ïœí'þ™\]S§b…yd¬ù9 DIÑv37‘&8Môçú+á

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (898 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 nfð›ã¼˜•Å±xDKÅ>4ìÆ„"0±“”ó9T[Ó!Mb(•ƒ*TüÌ²Ü ÑÈÑe aEŒÝmg?DZ¥& ••o¿=>²üù >æ„+8;öíÛR•_Æî@0•Ë”quüø¯A«¨^cJù¡xó‚X¦pàÀ‰};vîZùì3lñªÝŒ©Àí›·oß¾¯z0’Š€E·§”óÙ~^–íÆT*1‘¾Ñ4äï•E•úFÔBhQÔ@Ž¦•{šÅñ_}íôÑÃ/cΫ¯¬~QYùé×¾XݸàõÞ^(g‡ÖÐamV$ž)¶ZWV‹?0„E¡þâú`_»? sÒ~,4°¤‹1RJƒpŠ‚cñ®îö÷ƒ³+jvi¸D¼1„ù£QË1•Ó}ä?¢ÃwÛƒHéC|"šü•NTN€Y›••˜\••œX]•íÏQ¨Ý¹ÕÜüÑÍ9S «V'sý³€¦þè\Ó½Ü<£*”ò ÝS@bŠ’‰ð ¨'˜õÄnc…àm°|`¥‘·|©T<Ö•ƒCƒr„èå9sþÔGC¬°+•‘¼T<ª?˜}µue%»’ß¹%¿R·uÇÎ-»òy*.ƉȬ@&»²u™Ãý(ÉÏžQ«ôÎœ¥Í1pû¨=thß–•XížßR³£êPmíÆ•U5‹X›(Odú±ŠÌp

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (899 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸Z½çÝÉÄLqqQ»_æC·••)¥ wžÝ4)NÇŸvÿæWU¯¾vöØá¾Ù¶gÏ¿ü¦òÁž

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (900 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

~üä¶~¸í˘Ëâ°É¢ÙKæk@°*Ëaáñ… ó„X]µ»

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (901 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

CCéôPz¨o&H²Úì¼×n NT`«öv‹³§ÈÆ39 `Í{7&‹ CÑh0•Òð·º\Îɨ'~>°v0"2SF•¾H§6y:=dh'*+ËÒý³•ee›*gù©Ä[“óq•ìÈ5å ˦XÀ£™Iü¦‰ÊtåÃ0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (902 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‘\V^ŽÑ†•Ö³¸) É3|û:+/8z‰„×›•ÝŽ'âcIwÊçK…ÖØ3µ'BçÞé®1ræÆØÐÖ©æž©Y"Â:eQó~KW—Q?®l¯[Ao0lµk'ÕŸ••ê•>Í‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (903 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

(ÝOíÝ·¯ è •]ÁØ<¿ˆ‹Ð“áfʇÿ4éõUöÏeÞ„w2j#?=ÑWÚóÃÊL\m´©\U8AŽƒLv(.GÙ¯^ÅÒˆWÁþ•=vrû7Û¶}óåæÌÆÊ*¿|°mÛ“«_?ø²09Ø"¡×‡Ñ!›„Ü•A+E× •`ÐH÷¥gzzÛûúú†é{½AxÑñËf?6RÛD°7èO§£ÑÞ¾IO.:è£>LºÀÌV›HšT?Ìí&7–6²v~¿“˜u¥Ë6ÍN®6m"8UV‚œ››•XÍÄob˜Î|†ÔSlºDÔÿ`Ë࣡5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (904 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

À"„ñÓÏ0•NŠ'hf‘•ú¿Ü¬•·vì)ÍŠ×aI*–ü» ¢éø•vÙd¤íTHQXò•¢"9üµÞJÔ‡ò®f–ÀyÈjHh×.*eØ•ð F×1Ø@QªÃ/•<¹w'•Í•É†A“F²ƒÂY•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (905 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 c<Ä›ˆûâ¹›qŒò.õ‡c••+©¨Ü¸q^V¼çeQŒ\¸•pÝ^BEù·GKÎý߯þêW¿ý—_¡!üí•JO~½qõÓÚ•Û¾yð@V~ÿS5'¤åh‡W}¨¨±œ5³gî0[-—¡ cU模´´·÷^oÙ½ÒÞ!òÿí}•À•Á`25ù`?€à(½w#

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (906 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Z(:éçTt(Z¶å›8m"tvwk

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (907 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬Z»(þ Õ᪠/X“•e•ŸÌg†ã嫹IàÐìhçñ§±ò¹¹L&vsnµrSYYzSÙksðÌ«MRâ:í•àùc@”âv›¸Èn

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (908 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q±•V§k†Ï¸Jê[ÖÕpA êÏ•f×!ÅnÄ©4Fa;©y"‚þ"À¬áî••¿õ6«·RGÅhM‚ˤ۱@fçNì1Å«ƒ/¡šzi?øˆ;Wp(w6¢Õâ`¥2H:w$1åõyã1¯/îNÜNuvF«ý«3ÿà‡•kËÁGŽ+vïèy>‡œöüÊZ3õ’IÏOÌìþ-È‘M•{^ÙóÃßVîyòÉç,|

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (909 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

狾ýñ¶o¾~ðà•¨Âoõ÷õöš[º‹šš:¤ ¡ÃõàõçQOgšæ[•œ+>׳»ti*hÉeÚ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (910 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†™A³ÅÙ`:ÊíæqQƒ•6D[ضJM‡³Ü^7f•è'&Eee3•Î¤£“N*µJ—Ç€ \•‘ÄÄ3 mràR}nbãååñ©ÌÜ\9Àjùj./ÏÌ•ÂOÁþ’ʉ4ü\?'@†c •Ò…£ >HÆ• "×ãå!{k¨•5cÔ7Ä?œ©¸t¡t–®ù㊆^èjÓJIùdo6Ýh BŽ(žä•“ÀÂ…íÔ"ñľCÛ·Ÿ8‚•„ý'vì̯:gµò戨´¸9ìó•âŸèF²ˆÏÿpÏžS›ËÁ÷…7a¦cë /•ÑaiÍîK‹ÚMrÿDÿlÿd&3÷X•/¶½ðƒµ_~õà¯On[xâÛ¿>ýÝ_ÑÆàs¸1¸™)z¿YvÚº’tðJ Öîz³Í¨7ûûî•ö”ïÆý%%½`£þè*XV/Š:}¨Ýê²€Öh„öJ,"dÊú%J@Òbr&Hå³³›úf:33½}QL‚’÷®irå`•÷€_ÅðUf®r‚

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (911 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ñ…©Ü*÷%Š^ÎÀ;\•q.úûW‘òúÉ‹UŽ_Ü—`M•£ØïÆÑ•€* Nv=¤ØȪÿTÜô©¦•Ï]PÓ€„¬Î.,®âSÀY•Y%ïð.ùe±‘°Q¶Ëlw\Ýà ŒîªÅ*ö*œíN,eTe7³ØäE¬‰Øð[ñëçí!c*O—n(Í}²¹²rµM£/•ŒùphŸÛÍ“ÎJ p—ìÞ7KΦzƒU6)þ€Çáî÷Tþö,xe6S¹©r÷›¿XýêÇß>Øôñý½ðÕS`}£²"{z›œV•°=Ðì°°¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (912 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•©Ûl6X\€+–ݔ©(¡ÓSº{÷îžÒ>ïÁ`GPÔ¸ƒ¶§ <Ù)Oû1îef…5؆¢)H%ðVꃻ³³«³›fîõ¥ûÒÁ St²ºÀ ¼XÎÎXL”cÑ4¸‚@Z““³¹¹‰‰)콕‹Lf~x*3?Íz"€±€ÂÀ$fæ2s9à.’è•¥ˆ{‚ ]¼Œ®àÍì•Ý|`Zˆ•ËØZ@Tú¤Œ:9û•uÈ2ê•¡8<½6ð"K`KŒ‹•¤(~¥Šª6Ôëm#HZ|q Û`NÛr:qá`mÍ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (913 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÛÌK© ÃØ©Åï•ð7•*ö•›ºÏ’îäÍéPb¢¯§Épó‘¥û›?Y@-y1âKŽõÇŠÛ;j“M…Ý^W¯)Žî¦¦&-fÅ;t£ ^eù:8m•þþááÊW~[

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (914 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ÿÿ2»ºK~p|½±4Vþà«ÎSnPfóûl[‹-`e©’¡–¼ýÜ”ô‚çPRZº›k÷î’ÒŠ{3}}éu¤Z0Þ@á-'bQžÀ€~d€{•CˆpýÊ'‚'œ/7À¤Ä¾ŸéwÎj˜@¤äQ7•ÙHjuòõhÔ¢d‰Ä&k&1¨àÁ7ÌL-L£iÌQWf~n•Cø‘&±v&†Â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (915 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Þ°££tåözi•Ÿ•†¥µŠê¼kti,„•q –fÕ•»Ì r /&ÂÓF5v Zëmté“MŒ¹ÕØêb€c¸Áa8¼ÌÆÏò5$â :Õ ªs6†|r"\äE.F2»‹zz¢ðvò%þÄhâfzÈ“ŠÜœÈMT¥e“C&MXѪ2“5z ŸAØj²ÿßh7æú=Cx"WQõ¾L l¸51»ZþéBùTùÂB|ô¶KÒ&€(êê·¢€ËÖWo1•½}þô£•sE%•Þ»WzowÅî’Š™{½•4•Ç©lÒüLFÓè‹ÁW‡à’˜U0•jg¡$uÃ÷€KFMÎnME›yI¬ àE¸•ž`Å:º0èÞÝ}•5£ÞÆÌ5ktŽÅ2q‚ë\†å);˜É€°š¥X*†&1N•?»£áh$´FGÑ&z™3hÍÊ•X×ø™úÿ9.èت•í`[›„K§Mµˆ,#uŸâ²¸®qº A]#làÊ_gÉgBdg!°ø½V櫺»íFûhÊ•$¢“îÎÎðB•iï•´'¿xчEŒð'ö5žÛõMÏƧVgŠìæ®ÇáÊÝd•á%ìµ€‡(;¬„.ò•Å®t;d9–›˜}duóÉcgϼüÊ+¯|¼úå×¾üꫯ¿)vĬýNV‡ühÐâ'Ún±Y•.g:=SÚ³»ä܆

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (916 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

%çJJ*z*J+zpiɽ{½÷ÀB–Íæ¦àåCsb CÛ“é™4‚ Nßp”Óâb…30ü•é‰I5È`uª9jýîmY¸ä°IkU´;\^Ù•ãÕùØuL

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (917 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

!ê29Õ÷å€ÏV•Ú&1¸@ð9Á1ˆòîh:ÞÉáب•ÍxƒÈ_¶Öï'«BSx•}\(À•°1»»ëš„ÛÆwÕÿ¨s=Æ—³8D›Ïä‰,wÒÐvÑ:Tu%WH7–ÆXpè®ûv~ñâüÍ!pÆr1o˜Íãr2•êŸðÕ®NÛéz4à0ÑLµ«l#¬Ä¶K¡87wGÛA–`Usñ ‡7èÍ}Þƒ! WÎœ=ûú™=•{¶=÷Í•ŸþöÉo¿ýöëÚ8ã*V¾ Ž-’•E9_—5ØW±Èª¸ø7p6ü¦¨¸¸«pVQQ•›¾JzÓža€ž(¾f`¥0v…i³ÆDTöÀ¤òYÔo.¨rP£R.m¿3‡¦«%[Á?Ob,†on'ÏÇãì4~’hiø6oóššbõ9Âg&Ýï÷cJ)›ÿaÈà÷‡%¸L°Ðð½Â]'

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (918 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

54pi%¾••^Å‘ð´.P··íu6ƒý{{92~ëî¸/Éf§áÞrµP*S…„è.½:C¡¶N£;D³v³Ù…Þž =e¹äEÐîƒlk™/Ñõ%“Ww—Ï4å†cÓqÙï4©õ¸í’ì’l4¹Jv™Áš¡{ˆùfø&¢qYRbN|ÖcѲh•ÿž³¯¬VËïoÙ²øÄS@X&1¼á•ß–ØŒQ,a•šÕ•YŸ`•™9çb§¸è7E¿a‡í?ð*¥¹í¥í}Ù,ªNÝXM.ªûÃ:e³?0Ñh,'•(uFn°PTi(S“ƒ‚±ÖS–D•zÑFßí¢Z÷I–@d‰iÏuìöML£¼ŸWÑ•›#‰^b•¿g2ªË3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (919 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÌE•ÝŽ‹ðh¨ ÒÀó3z4é;uÖOˆ++£˜ßÕÅ.? [ .ílã«oÞ¾{#ãËÉìDÚ«pãSäñ»à×4C•€!#wÄxü°‘›ý=Eeç}>;MŠHµϛt§’›Š{c7çË+Ëfg1•VDRº•ô2c½€bµ‰•¸NÔ–^7zËòɶvD Ïðû»±Çîzÿ¦Ê=Çξ~¸rÓ¦/|ýãï¾½•.‚ÿ•‰8õ¯È£çµ1kͼ¤••V òNÿ£»‹K•—ΕS‘¬Ut\ÃÞÞ¾¡!ª,8©‰¾¾‰‰!8Ô]t0xÚ—žÀÚ•ÜðIý;ÝîA›Œä`f–+tQ½•rßØõÅ;·$æ»±ÅTY7ìyÔËE=„™UpÀ,cÐjl!ë•fÕ}T?ÊÚV§†3Ö<6‰êÌf’Œ# ÐçÅ1Wnžc^‹.†Î_âSCÜ…U¶Ó÷5кhaé|ð•ng.vJܹû6Jö;]·:Gh•n-QõšÑÌ1+D¤$š`#‘Á8 ohèêLÄúz›Ê®û’¥Œï¦Fo»§K†xWÚÂîÆM›VËçg†rà M£ÑnÅNK_±œ••OÛÑ"vc„â°¡ùÃYÏø ·Uäöú@•z ®oª\]=|ìØ+¯¼ðä“•}úég¾ûjaì©ïžƒäQå•Ç7~—Yå“íŒ-h¤æýÊ*JŠY¥|=Bê\1ê¬^6 ¿7Ó[QÚÛÖ¥¿²/•9—™Þ¾204é¾övà´{3e•X3‰LÆ×Ði"ÊŇÎ8NaÀ@S•t#8É[$u••©¼A5JÖÏÜ0±Ðä$*õÕÕÜä,ÆDÁQ×ߟcÙ*sŸÂZ/¸žÇÒ¯›ðýý“~,<ÅõäDoïÄðhd<6Ex½n‘ÀQ³Í¨ä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (920 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

.¡u½\œ@:ñëbd$ݶè.,ÜAùÁ•à¼}'œ‰tf#]¸£äí»wáá;w>¸‹Æ’mª?ŽîlÓ™P¶G

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (921 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‚Jr9Î{6•'xìõÓ{V¿Ø¶mÛsÏ>óÌOŸ•ðáý¯Æ¨°œLÅíó}¸9NµËºCä€\a z)vulañ98%¨•zÀþUàãÅ7ÀD6–Î< ¸ªœÅÆ™•ûÊf*çæç©Vsµ¿¬´wÈ@ð›y;…¾Š”õ~1Þ ôõ ’€'º•eäx¢ ÒQRߪU2t£š§:>ÖÈCUWé²²MepÒei–_fߊVprb’g)Ù<5L‰ðêíKGÑÂFq•äèèm¯/áE•&…fÁdÀZ…V¬‚M·bý8ÛW*°!X °Óõ•?túÃã•]|] ŠVí~p‡ë°®®˜"0 õ•`Å•]ËXgÓðAWöâdocQ_¼3%}Ý•FœÙ–Züäã•ã8Ì9ÙMà›j4–¹ŽYÐÑØ(ŽÊ¾è¡!á<¬n·E±û´^XVð¬VKö›]pÌÑ••õÿö•Ãg^?ýƦÕÕ|ýÕO|÷¥ÏÆvÌëõŠ¶MÖ˜ÈîØy9æ•eÐ9

Ø•åÌ•Þövà¤{¥ˆ+6°Ùêœ:ºn÷VVn*›@o¾ë{zúæh¾Af5“)» Æ0>u >×î‹Ã•”åѾ2Ì—õ•ñÓWöñÇ3e³€Ç+©ŒŠ•!¨° t*^§ŠÐá@–¹þJú)ø1úE®Çô üXÿD”‚ô™U¸•C“XŽ%X±©aO4= D'†ÒHƒ“Ñþa^Ý•ù‡q˜6ùˆvê•'\y¹+ëŸYL¼«aª¸B[ÈpEpT%¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (922 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€Óx—on¾p骡«‹_‰ˆ[VFÉdˆ\Œ§'J'â©,R¤1Kz¼@NƒÓ1‡:0›Ïy¢ñx ›MÖõyÿMQFc‰Q/Ûbb'E…@º¦Ûî£Ø,hÀàÅ¢]Çjû¸¹Ã•ƒ˜)+«¬Í0•xrRXûøá_}e½^JüÓ…i¯Úu•1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (923 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•\òèhlnÃF,•çGgoˆqÈ£¥%¨´pf_1Ò‹•‚¡D8Ì`ÜžÜÔM$Ô,Ck Ý™ùÓó–iù•-••€ifèô–••Î”õÍ̤1ÑW†DÄBçH>@ˆshßnæД¡´êŸÌ¬N”Í_â?d•ª[ÁbS¨ž(²ÐBÛ‡9Bì¹Èa_Xt‚"šW•g²ßUƒžè¨—'Ú@øRu§˜n²ÓÀ!f‡ð2kÔËÈH;5ØU` Yd?xûnWÛw?ˆ„þÖ1ÔF•‰oalÅðÄnÂ1¦ÚÚÂãYð§ûá-<1ØÙ†Á|c6™Ê¦.^•yoFbž¥L4ÝÏ`£²Ï—vÒhpP>2y°ƒÿÇmçšêR–à(+§Ä–;hôž0øƒAP¶`mdËçGe¦¹ÐMt'FãSó‰cÉ2‘U¼ö~B¯Naj‡ÛÄQ×ËŒÄqp<þ‰>Œ•Ÿ#«ˆ ä‹Šqʸ‡÷zg@O•…웘LcÖ˜õÓXXÿ•¸»¨x?<"O|D‚-Ù/UÙÇá™Ý%x3

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (924 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ÿ ™@4•‡•_èα"v,T˜íŸÍåX¥^ÿ„΢²BIŽ‘PKñÌ$øéè¤ç&Uò•)œd9ÃI>¼g&0H(Ç‚ gÄMaD‹MNóºCTÜbÇIC„+^ŽŒ´•âI:“¸Ê2kÓöìè•…¡,ÎWHPw#I@W'áŠTÕ¦®tÑT¡¬²•#•ÆðÍþ¥9ä•ð5àÇdûPüv8áM•g6M¤Wç‡û‡üñØõQ Ú—áv{ÐŒ£q;O+XD••¸%êíbAÖ"••.¯¶bT{ÀÀ|ŽähQ˜ó}ýOðfÆÌë,Pÿ§W=±…ß>óÝgƒºÎ0·ïþ´OkHÌß&,r`Åc9ßr>Ž¿Ìã÷†J{(È€•B

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (925 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÿ› ìœCŒ8°SQ:3S9ÔÑ×7døÕö òóÐ f¨)/•dÄå³}33}dü*Ó½¥3}½`_ËzîMd†3X벊dµŠZa?•J`Ñ)%2ˆHTý™¾Í†Ö4ÆFã×=Ìýôd°½k˜úXY<ØKÒØÀ†]qø&øI¸Æ\À‰Üm»0ƒ8Q×Pd#ÉDJ+ÛËòn

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (926 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ú®“5Š©Xmmk 8æ•pкÚR•2b«;tÉn1•Åa5Òugd¤3’Ä•t"Ü $e¥žò¹S¾?yݾTÌñÿqö>͉äY¶`HB–’z3oz1ÓýÌæ}„YÌZ»êE®æÄûƒd± •EwVèå„UNFUºù<.•„¥2„ƒ!AÊ@•2³º¢ªº²«£§ªÛºÆÆf=÷ÜûsÇ‘UõÚ3CýAptïùÝ{DZœF£Ù4Øô†Ë]èBc½¡¥['ô•¤{±©œ¼|†-YM%RzðËÔvqgw/X|•@ó¦hÏÿçÿùÕ•ÿø_þå¯ÿW"î•ø•þð×ÿúo¿ýyÎ=”%6•K+§Ãˆó{º÷¯ÿ¡Ao‹ãy0±Á•¢t†•óû³n•Á-g1®f‰cQ"*•Ñø°›ù®ôovX7ZD¯å×t«HyàØ•—ÿðx~r!Hñ·/õ»ã@Õ/²«ã~ýÚìõ»hË VqàØÐUAÂ×ïV)ÇõdÜ™õ0=³îú

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (927 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 sëÞgèØ8gõ:46:Š¨–b"Ȥ,úÝ'2ºzqsí`6« È:Hõš>a;B›—x‡ñóuCöù Jâù΃`XˆÂ)1#Õ.ŒæÝ B¼•Oöu©PE_|ÉY•>¢ _øÖõóã˯jÕæÍe>ž‰Ë4kɳ&¦•ÒV#i0ŠV ~Ž–.¹ïƒ¿1ýZ˜@ª¬œ“ây°•x;Ôfý—oRîºFå± øHü4• ”’$R„–Z¢[í_õêÍÃw—ï•ÿÿçÿôŸ~ûóC[œr’sàëtËøe“¸û/•û—•ø_þú/þùû•®Ó#; e¸ý“5;µ$XŸGŸNð$ÔýSÞò<;¨‚Εûƒ[Po0±j—¥ÈJó•Q•²7Gã¥Á·ÿø•…kŒVÐ(°¸ÈœJ-Àj¨B&ÜèUû_™u:¹ jf“òS·B,œÎ„}Å·nQÑ "¼Ô7 B—ƒž?}²ûŒÛnÐG(7¨ÅÁÐäÚCCJò7ŽcÖyø*Rö#S£FcØkâDØãKånåÕ”šÎ;‘'Àj ˆb¯ƒþcÙfëèÒ%[Y·4Ú•ñ£ ”«Óá{q)Ÿº<‹>tœÍZ=hqÛ%âfôX%g¸Ã$ŠFðÌ•¨X’÷R6m‰ðÕâ>NŠÒ`;ål;ºÛŸ’@•f\%Š?ãÉ® îï%RnJ{󳔸þ‹£yÐ,šÛÁ””K9zkªÅèim´˜qÁV59ýæºùý¿þáÿýÃõµ“ÚPåQ¡Ø¼÷»Ø•æ˜LMp… …÷³³ss#(õ•¹)¨®—Šëxê)?ô)HÝ~øðávþ‡ñ"•¸j_Æ›P5¬ºK•r¹2¤×½yØ-Ø}½AQ†ˆÒõm`žÅŸ}Bî|·•k©êÛE äækÌƳÿº,µÁnqf¿ÜM6r°_ǼÍÙ6®•8(»–~Ÿ\7œ¯-1–¡à…tH·¾þºÉÞí

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (928 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

OÜË!ÐÄ騗 Pç.Y©•»´€ª‚T¹f‘N¾óõ°2S³›—™B^ʬĪøwÆ8jl¶q6ÝÒ:ò=.šr!„_õzõ•FŽ1•£•¨iê[‚)קÈÒ‰ÝðõÄ›äË•$j£‚3=…•’¯¹»‘r÷:ß_£ã_êkyH®«Ã†8£ÿŸ>Ëu‚V1 ÍßÅ¡ e†E€dii•FL“\!ùY‹‡bÓwßšX¡ŽC*›¥FÂÇ(RÄ•cI…ôÉúôš·•Þ³Í:³çz·7,í1U–=ø¶?Fæ•b K5'ÍOo]\À&›ùM‰%ºGD0r J€» é4´Åža›Gñ{žß{£A¬¾qsƒbü ÎYTÆš[b£Æ¡aR)•µ9ðAf«Ñ“–»“û‚b„¬šã;°Õö¨pÅ5ôÐ$F"çœÿ¸pEQ¥†JÙËÃ.•9œ“laLˆÑV»90 W¥¨uVâ™Ä¨¯ñè•(Ò¦Hõ“Ÿ´uäB„WÜ7‰-ÞÑÛJ£–ÎInãgÀ6;r•AöÀ¼þR•ƒ2»(ßQ(O.5Ö#@r‚?žÞbòã‰é¾ô߸Ĵ³°ŒÖó¬tŸVt{u†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (929 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Û•(Á!“y4¼Š×“~D²ñF@…¨V©ŒQT°B•b¼Hç@•çé è"–4•Ê~'˜¦µÝš³I‰®?æÓÞåÁ.=Øe¯%®#Ô‘Ïä0ýÎÊ9&ÓG%,[¢ö^BÇ42G¬†ÓnÐ×›E?à•HùqH©ú€²$åIÖÿq *¹‹—Z† L½`“; OØu¢h;3,”'èÛùS%ù“¢‹¤í3ů€¥¡{ÁÏ•³Kë‡ýçûÛ¥ãx¼“=3(¾8Gæ™õu›~„W"&D4¹º

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (930 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

”mKJ•aüÄÜÎ}•"B…l•Žh„%`*-ÎÚ¨¦ëÊÚöa‰/ÙXaåµzØÛ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (931 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ûàåf?toè{Û©{˜òzϲDU¤4ÈüŠyºKÜyµ - eû£ÁwÃ[`«O°O"xt¹³‚ZÓp8è3¦æÏ™B¡j‰˜² sE*d50´î¸<3S^"öC$»Ý¨ìWL‡ØóEæ“œMH»T—0!O§Üo‰euñó€¬>,¸Š^߈Ï?Óf™G>’ÍH9½[FN€Eᕨ9ŠÅ"Ñ~èÆì~·öÒ.šõmJ™'üM˜‹•Ž„Œ«qy•„DWâ¥L2GÏ”ýRÁÈ•¥–kDŠo–ö°J„ÁU8ì-Úå“’aç ˜">uôU¯Ò½¾£oa³Áe÷ÌåeoóŒþ"(¶‡ÐÝqëfò ö?QÔj•´N~¤DØâåv–F¼*‹)÷UgÐtµ’k#¹÷30s=æ߀~÷Š}]z,×üùÿýoÿzÝ0“Òl–&²ãRáJÜÓ'Jƒ½%®*–U‰á‰—%ÎÌ<¡²=?˜ï#ðt??(m´O Só•—¸:…äEa¦:†¾¹ÌÕêâxÑ.0;[®ö!Ûk\×›õ=`•2×ÅÙÀ<€D½Maæ€bæ·zß

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (932 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Õ„N Ä Å`;;CðgŸpâë•¸î ¯¯‡`ö><^£¨€DW•J¡N…îñõ@…P¸ÄãÉKó‹û3sK¨žÛ¬Í •nuè g×ôf¯•õ\õÁ|ƒ€ÕÛOzKÒÄ¡ažƒR›£•ðk!¹™(H-COñ|=(h•ñ¦&nÚÔMÛÞyùÒN:Rdç6|•²$^•¼Ðëä`e{ÔR!ÉãÞ,qd]rÑJ¡èRàh0®ÔÇ•pˆ˜u8—¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (933 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ê0µJï³—ßWÍÁßž” Snµ+Œ€tdYG(Œâ•.ù$ʈš®ãó ’9VHö¶0ÇŸ¦Üh4Ûí÷Ա庵dÂ=ùI”òö•¿•‚ÓÐb[[šÊ’²SUûeSº5Ö…årõÿ"³©)Ï•fƒW>«í¤¢·ƒgÚ›ÄÞkÈS0‚üÃÂgfTÔšeîµ_UPp§ìV½%8ÕA¬>¹LTývSâê#ð¡ÇóU°+¤°%>Þõ‡õÞÁÒþþâAox@iH™©Þ6)¶UM§a¢‚€0UgÊÝ;¨">õ»Ãëa_Λ˜a{ÒIŽÂƒuá¾üGRG1;ozk2•ã¤Äa

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (934 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

õ‡¤iR¬âž *WqÌâxu$üÛ]JxòN¢!ç?fØb‚Ë(y™)«ªï|lŒf¥&\á,H_ŠÇe/8ÖêêåIë°û²Zµ(N©ìè6•²ÙÖ‰é¡`Ž•ý'Ü„‚Æ-†Ñ u\©È+DT£hš.i–Þ2V4ú—7m³iÖízιùä+¢¯¼¸×èÜ¿¶¤ð.Ÿóáj*êºöþÿûÃ!e}ÿ¯ÿò/·=úÅÿvéLÐõ_tž¤W|…Æ•²!l‹El‚φɃùÀòüŒ— Í@Ù€y•&âe

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (935 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

3ßö¾Y‡jp»t»ôøñc g•mÜ*ã6¢T¦&á©:W¾•÷†,{ƒî ñU…°Rwêæu£~]¯25G€rn••9zßÞ¢kÓ¿…e²tpêŽ%pâdøŽOþ|(D••‰6RE•\SîÍv»ÙnŠÊ='ÃÏ%Xêj‰ß¶.Y•É?D–š””‡ÝQ¸R-î½\²’Æ•ÈÉÄáL4¦—2q¬Î;Çï¿vêݦu„jçE|

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (936 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ȉç£ÑÌe²}ÔŠOêö8O’pŒa•Òlu¸Ô••X‰•~Éš,².•è%4'Î^†&`’ƳWÊò¡Jà4•ª»žÐ£ýüÆ´X.‡‚*¢ÿá¯ëÜ}v\…LÐ :Øéð?uPÈ_Á Æ)¸A<^˜“Dè•Ü‰»——Y¨ÅõS¤ÅùèN„ÐC±ÔàJ¢•ý•c3’ OxI¸"\Qb›Ûï_×(áá9è®ûÂÖ<@/eV€+Š0•kHŠ•¾}0~ ƒ! ðº´}fÃjI‘’÷RžÐ‰ˆ8iÛ™–²ACnjФÀù•ÌÔIÀj1=\©ë•»I•Ó,ì°°}¢Äu•K÷ÐçÕ›ÿD‹@7B KôÂÇbÑüyduõ¼óÎ9xa7Cë…Laum•—…CŠ5C&k•ôÈ•\6f)3ÂQ&”Ï\]E"¿þõ•Ôç›VBtò>;Ž˜8 ¶ZpµÁF•-ëkl¦ÖciE^‰tr7íꕤÇ)Úþ…Y±;#•_|¡•ÐïëwKÿò•½•üÐ;«›gN;Õö¼Ï•`*×ôÖ²¾dÛ¾Áà‡…e!X(7@¤Œ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (937 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Sݹ¹AƒÞcˆ´>´ëB9ÌaeÈòâ9D_•ðxË3Í*D‹gða‰N›ëNA

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (938 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

æë\B:’ã¿YtNˆI· ÄN%&[²›RíAE)g=•Ä/DKŽ„†ñçȃcõ½ƒG.ªÜ×Ók²’ÍBScZÄ°:Ù£Ãîxs§}” ;µ—í“￾ì°tt’¹\]o&ænˆb˜+°ùUIËp°âæ¢p1V®²ä

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (939 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µqÕÖŠ±bðºôF3Ç6µn7ç~D3Ú Y•¤Îàáì?޸―%çÍØ´ù²~q!ÀjC˜%ƒïƒÁüjf†O†ÀÅ{9À£³ºö÷«th»õš•Œ‰©Þ4;¢åÁ ¢Ež!ѪêÜxXçxÇ¡'Ä~µ8 oÚýê˜3ËFÛQô™o¡íìÁ Y7‹¢·¢¸ETìÂPõpéEV#§‚•‘yJÂâÕÌÐrË4=¿: tã¨Å•[â¨!Àâf ràIëH¥É$CÚÃUFIG3,"•r¥è/1³O'ÂåϪóuó¥E´ü$m9vw;JÙ,“ÓéÁsÆ¥Ñ0Ž.Á£®DèÎwDxOkùLœ%…ˆbiçy×I~ €Þ6ViÍhY•”†Ñ0ÍB"œ€œ!ÆøŠŠ´aËåVÞ®¢Ñ•€u]ÓÕ÷Cº[©W—Õ”5l2-º‡•ÓA•~Ñ«g yG%k}g:1¿ƒÌH¸"bõ+ôæÇcnJ)”Hñ|¦fVdSj[˜«Tû½>j“Ä+ëƒn…ˆøx¸jôºã ŧj÷ôJ¼†€Çƒƒc L6·Á`£Žq.ú4æ Œg*fTâݧ'žçJ½NbØ™;]øwküYnœNkœ5•4QàT†)s ªd)o•?©tG••à¤ìBøOÚõá¢e)Ž—«#{\8Îæ×WÏ•[m'wr’«çJhY{„8¥|^”~a:æÁ©"ç•0Å¥4åÑsUÏ:/ •$÷SÞ\¶°“²´r’¢“ÛSëi0e¥£“Á[•:”ƒ¡KÚ=\ùÐóѲû=`Muy|•EÞ¼`•Ýdé%\C‡5ó鄽S¼Z¬TF£Kûèt8Wžôo¡YWÆ W£À cb•3—Ë^VTYz˜Ûõ!áDë†Æý®=Ì.@ìÙŸÏ÷»•ê°q(æinm¾Á3k““˜š¤GÝdÙÃÅ8ÖÆãÅ—Y^V*V³z0åÎЋñWv,ºè•¸ØðÆ]~¦èªäÎE^gÙ²d‘%'7m2€˜•žØ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (940 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 y/6‹Š£t,dKJ‡U "eE³Ç٣⎅•rÛmB&§‚ªp¸àVQÃ!ŠTÞLaW…°•rÖs+Q¹•Þ§bQM_á,–'騲™ÿL€åZ„»èJ+\)P¡‹ãËu^)^‘®•‰×Qì^ÊÔ}9Po6xý¦¬`ÅŸ|Ãc2IÊHËO¦Ú…Ì´Ê‹•*Ä2Ë–?wï>îÎ?~Œn2ª¢?ŒUãÆ…Ô¢ŠaeVŸÎƒ³F‰¬Û…CUc`ÌW:íÁÇ5.(¶p^„Ü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (941 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Êu¥ÑQ²ß¿µíä›lp߃Òr=L8C®. =©B•HeÊ’|"|„Åÿ[w•g•Kâ Š áIù|Z‰^r¼,IÑ ßYJ§KéÉ2Ï©!§?(oÆùƒyLÙÇã`ç@Qöf‘à˜¡óš“kµèähT¬v/äÕƒÎU¾+Ĺ~‘bê)C-Ÿñ£ê~¼¢•jy”·J†µB¿*[®Å[Õ‡ÞJoÝ#Yª¶0•îTðš´y>'•œÀÊùîŒËXŒ«½7,œ¡˜U•›yÄUQV¬}gië•Vsûœ,}Œ&M9˜WÇ2QÁlDÈ^KëÆ•*+kªèø»êö»‹åñÒdÍ}ö–éV—dø”çqzŸ40•jE1 •,7m@mEa‹§e9J[°ÝlçxÔ•Ž~Œ,ÙÁ¶ë°eÀ3¬ŒŠø•èø4w6Gs…-N“–å*ø¢’Ó¥ô4¬ÄZ&WN ‚)\«—ÏÚ«l+S¸4.•="=P»•C^çø¨ŠªˆëëëáD¿ª*§@Ö)AϨä'»7T×0”•‰ª¡f¢–®•Ã#–§½ýL•5™ÏI{ðš+ L*JùlŒ8ZMszïž¿K=Vê/>ùËÃDÊóÝà•&ƒþ¸üd§f¿š›[æ#!]”ùxHl\HhJËüÝ«Ì÷¡<ÇŸ•Z•Y°WIwq‘x[ƒc‹‹z_ÁÙü<ëºPÐtÅÔêJ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (942 of 1076) [12/16/1999 11:39:23 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

µoKýžãôè°xk‹o?nÏTS©„I±ÌÜ•Bƒ•öàp˜¡?à1úb½•²3Ÿ]÷«¨B§„¨ßU†³OLDýÓ„¸c ‚Öe4:Y˜ê̓Mƒjò‡ß ®ò™fôüürÓÖ×3ÈÑ%QÒ¨ñ þr‘–Æã¯Ö׳"‘õ¯Ô*èL8êU>„ñƒÅQ‰ sñT•ûdKV,¶ºeÅÞª•p,6‰SiSn¼[ÁòUßê&åR ¶©z„{}ò•ÿüÝ·½ ªXmQºï%‹ôª>þaaV E•ê ö!¡É*YOöÙÔˆ1ó‹2•šfð‰®×ú¦HSÎRÅÁ ˜4mv»ZêVpV¤|ÉŒl¼HÔŒhñ³*4¨Ýâ9Žn6‚ø9d¤ØM•eªúàÑëÅ*òB¹ÞY#˜Be½7ò€'WÀVòì¬áÅ¥ˆr—²“)i>[5_2ñà4õúÝI5J⮾ÊçWL¹7¨)V•R`!•2h+ŽéÅ?Îf®Î*ŽUxÉò:E¨uÖ= ²ÞQY0•Ýš\™ŒG°P•(@ì%ð\Žg6—•j¼+uåiê©–^•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (943 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 n¨oÕï”:¾Ýú òËK‡^=þ.µ×= *Ï•ö† ÔGy1©yVÇZIÓ¶ç+(añÞ•XOPo˜›Áœ}¥º¤ì³¥Rµøj×6÷¶tØÝ,—_”ŸmnnÖ,ú•N}‹‹ãjynÜUIc„µ••®•M¼Œˆ¢•l±’°éÞÛKò´ê.•E«½ñcÖè;°F&r•À?†ìØF•:™É‹*0ñLÀc8êF:ÚJ‰°bz0‘HîÙoM%“è$~݉

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (944 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

œ»î¢j#ŠïNüÒZ‡õ¡™h)g\fŽ³Ç™ÌqšÑÉ÷Ä%ýQ¸Z/H4•¹°‚: æq*PÉOþFÙ‘¨P¾àSà(9Wž±•OSZZ±¬§{ÿûSâY1J…”é·g•N’àƒ-è;¨Úš j±ÜLèO„:÷t&4ë»Ç«D²Èì3ìu³·ødá–ýˆúýù‘´e0hˆ•ùË1*Pže/FÔB`•áV«u1Åü² m² T«t;»˜…Þ”Rf€À„y|7ÕmOàr%&{˜pT5m±†€7Ä^b²Ø²Ýà•õ„ÃAËá½½•l Àâ&³~ýæé‹æ›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (945 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ã"üñŽ#å`â^"áÐ júšÊ‚Þàü4_ö¡ÊMz.oçKáŒßJщ^wJT—Ö%1ê˃–”;;mX ärìâWBÁZ-u*•OûÓbHy2„C÷ÌŠâ.m÷ðäÝAr;Eþ(TñÙ0.oãë,Nâ0‰¿*HvK4Š{?xR_À 2#Ÿ^gh¹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (946 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ç

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (947 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

P·¤*¨š³„0ÕÊJŒÀ :îâ-G¸*)Δ~ëÖF¹Jú'S£Ÿ^}á u¯0:•'– 9LÝáìN‡ªáµCà:|‡•ÚX0zÓ;`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (948 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

0uØÛ®<•1 å泬îØY^

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (949 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 bQ»Sü)fÁðögo’¯ašEìeï`TŠ8¶ÇÅY1M¹À’VÓä§<¬z>¬®e@"˜ã8dÚIçÛå™$}EL”9C(FéçÌz±×p÷`~M(kRò¤Ghò.û6£•‚ÁëBô£–1ñÉú-F¬üŒÊ}•7¯^E"•ó|é2ç•õu©M܉cßññêM\kxU`šE)ð|u=Ÿñü•PB`XEC®¸”`•Ä>G¡<÷x\~µ4Ëp€¬(d¡ GÑ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (950 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ói•é¤rFLJU”®áÛ)ÝÁÔTÄú%úÉR”{ QÀ%øÒõm›R*K£Ê¸?l\ʸù¡ƒE6Ý—5äÊåeÐi¼Øo¡¿„E&¬Zeÿ>váÆ®

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (951 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ø®½–¬~'Ƚânu?èD©¡Ë&ߎ=6êNMB»€aÿ¹(=åŸ4B„¹îõxÌ93Euº›¬/^lvëN{;‰Sf•r°m¢BaãšÝ¨ù‹…Öuï@Š#˜&n¤ b–Û€æáæ¨Øœ±šø'>î÷cã*Ÿíä³yuƉOÈ:G-úØqæ˜'Xq•3Í)ÊpL’ˆ°“ç¢h6Ä茬®®a¥=÷vò P,þ;ÈþøCáI•%•%~eé×áWbÀÞΔ¹²(f&•Ã•-¯ö{X_Ĭ4<ĵYô‚™vSóe¸}•ªÌÛ½ú vBZÑNz#%\Ïÿßhqþ‡ÔØ«Ës£ª;YÏ®ÜX.'›2áâ€P•TF _~™ä]…o’tVd¶Ï„¾ö’’./w<¯ØÚ’wzŠ 1±t?G¬°•k²¦€¸ætu³sP-?߯šm=×€'‰ñ.¨tEŠ§æ™ëÂ[tê¶]oð¢Tû-yM=LËJjãƒr•ƒ7Åövø£•,±g8—PvU€¢}uUPqŒÑ•0µç´HI•A·¾

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (952 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÅB¦ˆ³8ê¬V#øFlDaÞxÎ¥8A‘*/ñ*·3¾ê ¤1äÁ—‰ ëÚÚÜ×ÍÒ Ñ+O§u_â7«•˜Â®»ƒ«”¾1Ì-,£üùdvnQóöµƒe£´_æÇXNÁ–¤ºÇ<+ñ¸;Z Ø5Ï•6+»â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (953 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

:eVôFY•þì§XSÈ6~oàÉÙ+R¬¡&•`…•LÉ7BŸ¼‹ë¼Ô^¬×•O’u¶Å·•øPó–•Î߻Û7íöõAuÓNÄ ¢•ºÏâÆ4}-h<ÖÀ¨š«ÞèÝ!›’HI‚žàÊ3QË

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (954 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ˆ"*ãeÆ;‹Oƒëë2¡PY][#tPd9æÖu¹ÜS ÊYþU–ð«Îy•þP̳%œ•äS®ÌæG£ d¡è•‚/ÆÄB™hÚJ®,]ƒÄÃX±è¹H[2:$r?~ëí[O•õ§(ÞÞ]àä•`w“áv„|a•0²¸°ÌÈ¢¸dÞ`äáWU5c3ƒé,¯,C•<0•9œ*%Ç…”_ÿTDÍ?f^¤ÄÓ¥dãHp•×ÞB&6ÚN`Áh0}®~%M°t®‘ºî¦ô]1Q뼤Ž•H•-왿¸ ÚÄ“©<|jZ”ÓrÊÃÝXq»Íôˬ•3Âeû"'}ê’sßù˹èxÈÑ{þq؉YwxWb²ÆEŽYkkk$2øöʨ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (955 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

|¢ÌóáÐcn9*"¡AÐŒ•ÃH„•rŸ§ï£äXˆFÃRm`¦Æ'¨[ò á!¢¡ôÓ§)+†UA„+kƒžŒX˲´‚,ÈÞN•¥®•ìÞ¹ð#KíM8Þ±=ëÜç–•¾ó®©ï»ÞUP\¢ üµn\•Q[”~ ®5ª`/‘*ÞP«UÀ¡xÈTJ\ ë”ò~*u+ÉlØÊC_-“øÀˆ¨}Þ3(êbéIw¼8–ƒhÿö€%3ô?ýµ‘Æÿ"ýÚQÖ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (956 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

–uA••hçrDVéyÅIœp•s°8®?[îX·E¿À{¹.E(CO{Ëkà°ñg(ãsEÌpäŠç3<‡ì"ëÕ+:ܽBð}VÖúydmísŠU¯ÖÏ=L1ªÄ€¦ V 0wçþ1u¢Y|šŸ•A‹¸üy•;¬% AH¡% °Â˜9#î¾—‹±•#ñ÷§4Z1üžYzŒ§Y}‰PÉ“ïNélym•úžÄá‹i`é¼±7‘$ªÒ6Ýîx•hÖ¨ÚÜ0w}çôË3s•åýYtµ–U• •z•«<|Ã+±¡’5ïð¡Ï••Èa1À•‘¥¤¶ÔíÀa”ךv -Â¥%UÿÀ†-Q—Šfvvèò¡s¨(s¶ îPÐúuó5Ö{Žå ß¡RÆ” NzØô|Âðj$R†–.i9Kgá{N¶0ëhA/#ßܨå-K•FÕ|ÕÝV•¤*·ÉãæCÂUœgßU+‚Òàùú¹‡ªõ¸8÷řѫÈù/#7Räs(gؤ†(™‡+{"U!o±•È&RšP8%´¯lëÖÓÔÓ%ÁÔ>Ý0J+O1¦J¸Š¹ˆò4ï•œfÝ»|å{™ðÇ©å#z¥jÕ@y•ÒáhþCïú¬õèâæXûtú“š¨´y‡ë£À

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (957 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

§ó¼úCõŸ1?Qvk¤•1<ÙPÝ¡p:æ÷ÌÙk8Ò‰ ¶ZHpöÁÐ4¡€é3”àR¡hWA¨*Î4®Gi…GV‡½ý.ë›{½ÁN½)Bʾ•‡¸a¬^?:iŸ•%•"–J‰¼nAó¹Ø–¢²=’¿¨kü8Õt_Ö•ˆúÜ—‘ïªÓá+Ô 0K³Î•¾ÁŠ•sÂÚ¹ŽE±JÔÇù¸×¸f,I¬b‰±r `•:âüáîÖäîsÆSf¸ŸQÅ[ÉËù8ŒEK8 Z{ ËJSšþôéLASFAlkZðþñKóâ”Òú}á–ÔH½½¬“*V¢Æåt:F•îðúæðÝ»£_üý'½ù€Lã

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (958 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

P¨šè‚(bnoÿÀcÎbCÈ©ðÜDE5 ñMô]@Ð<æ–ÙP”à0BYÕxÖjá(Èã÷Kýê’lЕÓùí€{?ý>„\\ùÀ—".b‘Ê|W^•zõ±wp¬÷êεʈ-Ï¿1Úr•Ðxb9‹§ÝtÚ©œnLªê÷.°Tq!ëú_—Ò÷vN(P0ïVwXq.W®Ž;çJú¹ŠX@!d)ó>: ‚·Ë#yþYb(¦‹ä•ûÐ8’ ÈT*»OÊ©…°0†”k`\d9H¨øg® ÆÒšn÷Þl¤°Øë©¥ë[~\=LÝ•€46%oð/ȼCä}e @@‚=ç‚0õ®õîÃÂò“ŠUpÕô•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (959 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÙBYÕÜq>ÜßW¶·3ûeu©sJ=Š•U™—וŽªý%¢ùHg•ò\`žbR——•¾ZôâbUçiŠ%ö”‘0%é¯ÊVŠoUéA*•îOøðà8|£¶Fó¤uɦg—b•uÍäKô1;¼Ïµ,ÇÙ>ã

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (960 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 h͇••çÝÎØòÅ)A(Tø~¿ù•òÕ+^„s|…59Ȇ«Ðë•s¨bT•ÑTM˽a¦P`û\)Øø¦xGæójHÏdC¬²-9•FA·€J)›b¦,ë±®RleE³ööRˈ,Ý¢Dˆ3áÖ[æïÎNq•ØtáýN*tó¡‹«=Ê•ËelŠ³Í‹‹Ãw'thš•òdvy¾wsxÓ¯Ž6»D›%-ÏBHÊr?x

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (961 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

-ý€."-ÊБ²½ð,Гrô¡ÿ«•ê•9°ía¯×ÅD4[ÃZ•Àð] Š™ {À¾³&pXôW•z梼ç@²$‹~ ¥Â:FW!Ëb·e|óÙ•#J¡Êrr—25••ª&Q²rÄÖ•@Z„¯iÙŒ”<¥Uد•ñŠ «WX×A<åòÓùº;éÌ ãxÁ=¾âã +²¸Äs9t¼Ë •

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (962 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

˜)¹C„=Dè•”N³ ,Ò’æÑÃNFêyÙÉ°8‹ùŸ›Ê)XÅ´Üë KÓ¢+º…D˜æ:Vú•;lÿ–%!Kÿ#R÷{üJOÖæ9 ŽjÅ•Ü÷ßÿƒw©öÁÂÂÂ_ü‚‡õ.z·Ý*ìšàŸ\ëuöø ô¹I7)Š|˺ˆØqVc!ÔAw@•ló¬>´Eµ×…¿w×.šf·Z«7Fѵ £ÙaýC¥f…W´·âÛ&ȲÄR½QgEèn*ðŠäE>(°X×\;o4¹¦{•æq>{™KiìßÐœQŠ^b®KA ð’þÐõ`ã94ÑOr +¨ÂÌÓï¬ã+J•kðû VÕ„HS…éïÈ«|Ê¡ñy6Ó’³Lceau\• ”åp…v4ñ*(ü¸D–,[`Ò…64K`5C'ònYÁ L„•ˆÍ놾剔}g‡*¥Œ$Ь;÷S•êNË®R@*•ª»É”þýþÂI¥ð[|ñËÃ_€˜Ðÿ·6|~ÐûÅ‚‘½D0‘pØ솂eÒ~ 9ocnË;Þ ¥Rw¶“²‚¾¸‹´îË!k³[´Ë›Õ•sáÔÍnwh2zbðšÅɯËÖÿK<ÚJñ î³Êœ¤6ö+Ù²‹¾ú‡Ò!;u_7½žêÊp±á¢

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (963 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 haü•·{€–·š•ÞY“þ•ÂÂÖ•ÃóÖN£ùNÆRé .uÌt©ù>rÁEí°En"›¬ÈZ„?§˜°ZŒ1„®)Pâa·ÑL¡K®G+8ü1¬Baãv¤i•¹ÃYH ³¢$EÄRíhÖh¡ÞÊ'VbYüʯÀz•î¬R†¥ln](yDëA_z£}|’B¿«TªÏn µâY•‚Éèvîðï.®ûÕÍ›µÝ$Ð$ŠÕ¨“ ý +›ôé ¬tsÐÜÐ×¾ ¶Ï ›J`1t» wwv‹E{góÙ†—• Q¯T0=È3÷bÅÀF(•*õ:+×UN¶E±ú¦?tq¶&‡6v@O*T±nÚØx|aq‡ …yœ\ƒ¾†

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (964 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

×pꃻQ‹í7šîÌ3¦u¤(Ê–ž!ÕŽª¸q·:•Už+XØ !VWÑÚ£K"Õ¹?X±¸!¬j¢|_b ‘ô83oáp|FDdBY Y²

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (965 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

]ѦP¸#}žf-ä•YnGŽ„*)ÜÅPl(•´< iõR¡_û® u'¦±©Ð“ŽNAêOÍp/ê{U:ÎUkö=ÓØêÞ¼¦(•…›Õ—Å7.œ¢t¿‚ð„£+0ÁIFý¿¡z|z*È}TBwª•Í•Íg›]äB„%L3wq¾ƒç>•—,—0Å%9Š•=>0Ö¡¹¢ô9@ïuz^ÀÎí hCç¾~—„•wp§vꢻjëØ%nèÄXfã!ÎÀD¤••c)OÀÊ:Äü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (966 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•è¨‘ Xiï¨ÿñ¶s<ÞáŽóyDAêó5.2Tç€Ê«Wëä&ÒQÆk$¤MÄp"åù3„špV ’ó…0¤Xñ¼WC£¿Dgx´¬Ãu÷PGÜ'᜴¢¯ÄÄ ”á †ucÈò!KŸ"dM¢•z—öDJü綣·&’†)\=H¯Lœÿ«;¯7\¬´Û©v½_•æö7_blA‰O¾HçŠV8rIWx#¨VSnød-À•zqÛÉZ¹˜y^T+]Œš}È%è|'dªïú‹ö”• 6oœÏ5›•=—mÀk‡¡…ò;N†8¢DpyrÒä¬NãÌ :):fë%•½}朌ÐÙÁ¨ôLleÒõ°Ý—",?e` «‰†¤ÜÀÈr%X¯¦–dÅóó«ã|çœAÅmÁÕ5)`A•µN ùn*r]€³!DY”ú¸²Àó6•N$Òá8©ê±À¿ô'Cì;™G‡šBT†Y<[0祊š^IYܶA„2,CmŽáŸ±ñ”ÂXú•¯í•ÝUbšdÅ´;§@¿PæN"$Ôµ•–r_v: îR@)/ØŠ‰”þÇ®;«•R®A©;ŸUðâO˜¶ÙßÜß/ÏÌ<Ã1Û6±ib0ô@%eÒú÷‡y¦™mõÄœ¡%ÎCxº@¦°¼w Ü¿†-BR¯á4OŽ°Ì(ªV»^ç"F’¢ß`›U|p…Ô¸°ŽÐ¤

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (967 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

š¢®ˆt¢aðãê>¥ºßnvƒŽ‘Ô†ŠíêB™Ž|°RXû£Ðr3£?„M³°É-ÝM¡üÕ ss³‚j*eaL

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (968 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 h”A;çŠÎ‰v´#ó„ùLZkYO5m¥µ¢•Œ•¥ÅV,•Â“¥£•…]@ZLß.nõ{þk[Bày“¡Wf˜ŽOnŒº;8á]^Ô«Í•ö°˜õ•bé®ô ¬îE(õ!õuX¹™û •¡)Œ <Ɇ͚Z’ç°ƒu+í³3Å\ŠË'\•Þ)H—ŒN8تԧ3Aµv`^³´¡7°{M4ÂxüÙH%œö5?øŒð!³aïÈv3džéâUvRúñÊES²˜•@k=~úëµoÖ~u||ºöùoUÒÉ0{gTq••WÅ÷¼ÚE‘?θZà´‰ŸÇµYtz2D«¢¬ü£X†Ò§g9wouÄô([²‚©§:;3áŸnA’{šàe©¬#Åb¼§úSó`;µ•¾‹«;9P

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (969 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

™i,ÝU"+ù°€¬¸û3ÿWüù×iÏÿÀº/P¥\@ª«Ù£(õ•}±MÔ¢è…O V•5¨]%Ï•%!Eœùˆ§U’l.Ê•d¨ú¶é^¢Ê6<¿ª»6"WB‹bØÔDzãÆõ{T!•KÅ‹•Ê¤h5)^E]e~ɧøºÛËá·™ŒwHD¬ºúU$Âq*B)¯

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (970 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

,/¢?Ï}™h•(HóÙ’>µROyŸd2ÜÐÅÛ•©4ïßÞÖ5/NѾÔ7izqÊ߯ÁEÑÁ9KÛÎÞ™ãR"W}Éy¯•öߦi\}X

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (971 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

H>†5…Ù\Nµ¨@Áq»fá_숃‰˜d±_ÛÍ*¹8—Ó(V_n•dp ¼°‰Þ~ùØæFDÓ÷‚-]è¿å`õ…Y;Œ¹›–*‹ºÈ´TÊŠ*˘‰¼×³¤ºÀwˆÆÑÅì+þh‚²G®~uŠbÖ92"åÀ¸ÔÚ¹9‡–/Ÿ¿’F•þXà€•E'GÂN<¯´ƒ¬?eF–we²sg‚+ž…å”K)bë+D¬x)É …*‹÷•Z)Ofål»‚ØÜÞ`o[Ÿ ›‹«;‡¿;P'0±M3¨d½¼ê=ä’’c[îÆ¡W|»»¹ûå¿U)_ÜxX÷€æ—ªëVƒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (972 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

@=:Îõ®Q¨äõHuì¼a3•£e%è\Èó2Ó/Ä’/¡—Ä’H–ºpPÃæ´†‰aj»¿<Óï×ú¶YØE:†@&IÈ¢hH•fgÙMb±ìʵ#’ƒVk÷eÒ•ÅôÞt(›a? ÍG•\*§ñ‡×VÉúÌ ±ŠÂ“̺¡K‘*àÉÝÙ¤Jt\\—6ëŠÃ<Š‰( æB¹Ød‡+°•sWåNçÇLô2k

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (973 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ŠQ+ìô¶ÂOÏ Ä•é·¼v”s$–‰ëO÷1•Ñ]Íæ|P1#×üäÛºë1úce•¬‚ •Œã•®‰åª‰=»òbóuÊ•?/Fy¡(å@7n$`]L$&Ÿ™Š`nÃ;£Y²n‡½ÆõpPo^A•PÑYïºO+g¾´·Û(•_X“‹Wê²uÌ;0Ȧô¨E8g½…Ùƒ.1·¢É«¨÷‚:CRˆä#•2ßnyÖ2i¯•Cp2ÌÝd,WA#õåx,Ë{ˆ`‚΀‘•ø5PõM$ß¡XEÁ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (974 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

–«"ÄB #ÌðÀ2Ç*…,U_•Å´Œ †XjT‡âRœÛ:œ'™/«È1ôu 鋲—¥Ñ+,Ñ¡ß6ÍŠ•Vä9J³µN‰h&Z9+k°¬•„~•[=pðÃeäœ=ý•ù?

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (975 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ýÕ¦6†W®ëÁv»Ñë™.à°mš`5ìV£Zòß•ü‘hcï•Lÿ%‹»µÓÙ³kÅ ko`ï=˜ù•a5noá™öÕE}¶8eSÈÊm›vµ.•ƒô¨ãåšr$bk•’òQ+ º,âôÎ<ä3uÛ¦ƒ ñ¯mð5ʇ¥\kê%÷]2´üíf—²£ŸrÏ‚¨ZM¡j´€ˆ¼(Õ™_ENOÿaí›H'_€6†/Ahü9ûuÄYã*d:Ò’Fq-ÂãUH|GQûƒ¸gòâæ×É«‚B•¹z'ZŠfÔI0‹A/ŽW.°Óÿ¾¼š)ƒŽ”àö›D"¨§ýw¿/¤[D3¾ÿŸ4•Ÿÿò·ß‹à•Ù^oÏ!bÜ•>Í$7á…5û5ˆ¦ªÅ?ÿ8‰S>Rwe”]ÛMí•Z•ZÝ|Q¡X1Þ¬îbË=|@د#ÜðË•zVÃüÀëš—5s·ÑQ36„³àA“Qdµ³NZbj

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (976 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

X[Y®A•ÉKàÛ&15;™À*d‡W!Ǭœ³]wrm4¢£YŸÚ™5i?{xãù.WÛéÃäW¾´¸¾Îu+âîÇ™¼to•°Ö@â¿ùœ2"Ú5¦RÙÈÄéRùjâ^•Â«¹ú‚B¦À2µ3ªBž—í€.6w§¿&Û5t¸wSZUJ‹ëeË•†*70^ f=}J/ýIAèuÛÎ GwÞÓ/~*w•Å¼¿ý·•Flc•˜‹ƒØý"VbP}• ¯ÊŸª•ÞR*ÖLr±åÚËÝ7f•V ˆÁçÍMb9Õò&•þ1Ý¥TÔÛ˜¼Ñƒ÷~^»! d³W畨'<0cÈ°C.˜ÒÔe@FLÀ«Ú7bùQÅ®DüÆØÙ€¹aïîéZ,å4x¸™•îDòK^åê*HqpR1••‚ŠwùT} XyeÕ ì‡^•eÏ«±¶Zc.ax`Tb•U¥â Ã`”‹¢UDæv¸»*T®$ è <±ïC^í4TûÈa~š‘)h‚ÕÓ˜pNþ' ÐPšÞMˆ‹=×ðìÄ1æ¦_KO•àÔ>/=Íïé|ã"išÅû#]ÉJ Òݶï¿È•¸&T}#åt+•2zÔ»;]‚Ñ&¦íŤ:

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (977 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 lÖvºU§@k(¸L9ƒ~28‰•†¼s=¾x%*ì'9‚DŃ\{QÖ¡˜‡ƒ ýÐbŸl7N‹]ŸÒ(/óª

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (978 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

^àòÄ1yeÜÁݽŽ‚žsF¬z•ÅwB³£¼k4ÔéHÍJ’%±õW«Õ5”QY•Â‡»Ïô#ˆ¡Eòbžì±v<ÌÕÕé©FE"z´VØiûðKnå"ê-;¬MbWÔ=z6}>•ýN–J^·æ.‘÷vŠßÐóÏA‘û©”˵ùÈ—H5ºµ*g=Èöª#h•ggöËU‘•x„¢"«¾ÊOfE²Øä¡ŠJwÈÙ7Ö.¿x£ê¶„¬æõ‡á••ÅG¿v=¹}ÖHœ•m't‰*Þ4ŒX¶•›ëëk¶i›íœæXôô…¬rê3}J.Ý"¾™ô„I“·Ó7¥$švy•$ÀRZìnVphMj¥þÖ—ÃÑlÁ®›µÓ|‡ºu¶=eX¤{Ó‘³Ûp‘Ò‚›ã+ÔPÏ;œþ#(ÑΕÙ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (979 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‹ýDp°ruôÈ‚ÙR)\‰©ÙLز£û[‰Qo]O÷´¯buÏöƒi•TCs'—Q{ìN#Çž?›R+e&“_z8ÝeV‰•Ú¦Ý`?ÓÌs"Q°À^Žùhf–÷ðÎÂYrŸgsÊOöÅSò9/ÝÚØš†‚VÌXx´™ `3¸uƒÍNÈ…¨~¶g,Y ¢VÜ“ˆ•KûÃÁ ^ ]•mPß.•o¿käx«‡‹+<•‹³ÆgnŒI‹y•éò²uÒlRJD7‡M•/”•²¬úÂM¦q.Ùâ8èA)ô•< N– À¨øEž¸¤N/ôñ.#¸‘&’¤¤ÊTº:ëR^àª`^æxP˜`i{†÷äY)£¶:¡¸%VR€G6;Š®<5V˜-˜^çgâ•›ú&6ÉJÅ—ö·–ý-æ-¨Šr•d4ý¡òÁÊ׿'ç%ˆ‡WþëÆt†Þž•ŸïÏWËsû³3•ž—eLï<™U«xŠ«˜u¯'¼x@ìþ”‡äBÕÔ•…çv]ÖÂêµ¢á€c]7ÍwV®‰µáƒ•]•À}¦¸G

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (980 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

º<”-{3•Ê·óåŠ b÷Ãõ‡ùþÐiž°ÄåVÑÐaoÊ«? ‹ÁbÝ…•†‰žf£g:'‡<ÎÊ}ëèòR† /±g•7ôa“õ°&cÈ.^!Wr»u™+9Ê)·ÏY¤œÏ_uÔij¬uU`€ZЋ° Wá‡#8éÜœssGUÜ•y‘ë!Iô>J¥8Xc§'ÏHG]’îfA +=5hºåÇ•6uÔ§c•¯W¨OÞþ·G«\÷eÒÞ,WLàˆ•`vwmø=Ú{Ä•¶GöBz›yâ.@ÙÇ*”Yw³ýïozÎN˾X.ÂÄ·ŸÐ¹š„òÀúv¶\‡«á8ÃÜA•õ¡¬

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (981 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ëØ»]dD=7\ž™«Ü.U‡ºÛïœáüÒw7¿|Wº,M»Z½ ÷5Ç*Éf€(BлFEÿ›Ë{Mnä´Ø¾]m™•ÙTuƒ‹B—^

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (982 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¢4•'1Œó ÀêêJUˆŠó¸3A…NŠ„ªp‡aå•VaK™†rˆþ•bº](„]X‰[VžÍeÎïõød¸Àð· M•?sƒ<*á;ýM.o‰†}‚'ª¶<ÖåûÄŸ ¥)~•Û¶«eŠII|¢XÛ|Á#‚ûeòíÔ*å}µzF%?žo/2¾=GÙrvòyÏðÔëh•šJßÍÛåƒ[ìÄtšuÛy×*•H/ó‡l߀ի»»Å„e™ã™ÙÇKC'—k4¬“çâÝáὕö-!ŠZ³ûU»¤VN•?AIÿDʦ<•ƒ}9%Ù 7¥gP×%TYP͈©¶¦œè{9^•Jœ:gÖ7߬2¸ûœï¨`%b™õW°֕Š°Ì.çV@·¥)•Œ»÷$â]r4¤(HØ·R:B¶¶’ëÙvCßòŽ‚nôÎ~²KÕ§†Ñîî ˜\šßócªV“»¾éUîÒÉ~e

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (983 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ìT“RBÆ>¯‹£Ó^ù¹È#YÕ433 ªÙý¹åò2Fç8ŒñªLñš•[lVê7Õ•ƒÑ¼îõozu:V“»„{دÈf»‡•öÎnÑ1N3•uÂœ…Jj‘ªë3î2™èÒ£G•ú² <Áî^K-s·©ºõO7±HÔµLænTü%åM²¢·-'›E¾ëPh‚ðªaß7kÌÄ9öÄ;2ñUpY;+Ý9Âò*tÎeŸ×1…`5š‡—¼•*\¹gA©•Æ¬ÜSÔ¾nlïmë›"{•ÍL+™žHöÞ²–¿\uV¨œÊ¼³6éúñtßòãפ0AÙÏÇIJ7“As,vf¨TG¨QuËÍ<Ÿ‘Ý^¦£D·Œ•MDº>õVθľ\£ã¾£«Â®:ÉRFÞÞzçõœF»Éá

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (984 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“`Õ çÂ%>ˆ`ì];aµå¦¡$•,'vƒ‰\¼¢¡£Ç,›Ë_(f!2{ró[iªg㳫õG-fèâ'«šˆ’5'¹•"N'ò ••‚Hû k@N[C©{/yDuÝ(䎳¬×QÂTŠXn‰¾À÷ùTèuœO;ç“X…ˆÆ&ÔNœƒ•Ü땘Àê3WoÝôç¹#ûqu'XmñÈ /šùA›`Döþ18)Lù™1¬<«6šƒÅ¹òœÞ•Ñþ~y™pòD¥¿}ÝB`Ab×óý}••»1i_ Ì*ª5áðss#fV1¿pŒÿ F®ÕÌõõµsÍ::º•¤>¦+lJ’½• àÐÞMé³9 Y¬Ä›,,ñ¦ãYRõÉÂL•me´V ˆb…Òe#7i†<§Zwº9ì¾w•úü”J§FýWT•ÅÇç’?ÿ&rŠ=J@ʹlSua%a+•O•ç¼âRÂâ¨~t¾Ã•A¶š‰œûr ;ƒð*¯0in›Û„ªhKS,à³Ï

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (985 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ˆSyyvöÉ“'œ'}°rÁõ\Ý{âÁj••bO1u¯2¢ðÜÆ8}••iëðG·:æ뻕j«å0ƃª(ëªÎRº¦é†:F5m*NBV)*Y µ_I”1•ª5A•{ù5¹B®¿6S”ÜÙ¸J9gÙè(Jð7àê‘Èç¿ùÍoVnÎʵîù50À:Uü‡99Nƒ—YÉž{ô~J•Š^¬ê+³·¬±b·‡¶•z-“—ª^•VøÙbÁÕ÷É/·o#Ž´u4÷ÞT¸O4•83‹X

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (986 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

2•³˜ï• š£¹re£¢ÀbyÿÙ³ýýg»Ía¥Â‹ Q„Z&ÚÄÄŠN…ȇ>,,•˜Å¡óa{7 di†El Õö¨yæoí¡â®ªPnlâ*;a1Ûؼ¬ð•+î»åój•+÷*™[Î0çúæN}jf‚OƒkªŒ…[ë*T±Ïw‘¬Ê<-Ï;ù;Ø^FÉ”0”«¾`ÕÉó¶ú쮎íï¶Ûz.G¿;%?µrëêÈylÝŽ#aZ¡Êòi

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (987 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

?²¼8&½³˜y±Izz{v•RݬպvrCÁi:\ñe‡ÕM{X•GÒ•Ù¤ÿ7Æ;—°4§Û¯ÌñÎBd5D«YlYUÀz>·Ù5ëĶ¹* Ê?§Š¢³³•J•("þi$ë1i@1™¶É5á~í M×E³aÚÝñ£9ËÆt½Ùl6Dµì3sw/‹¶w_v“ëÎ8>ÓMF#×NÉÒÁ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (988 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ך¦Ÿ@…B¡°·àÞåz•†ÝBÙ¢–ðEŒÑê›Ï½ë›o¾QZäÓ«c³H¨âÓaGÊœy…+<ŠLJ‹9$Ï:gT•ýFÕ*?J WWç.@ þ•±' þÇZ1•kY•ˆ#Àðº8vû¸Sb>••Jš*j}´¸L&÷Š;;PG½¬ ~90ƒ¾P5+•»Ž©v, ÀT=ÛIéí`®ÞÝI6–ûe´þ^t?0•§sƒ™pfvD0œÛ•ö¢Ë¡°ÝvÌ~·?\ZXX˜“Cb jŸ¥” Ã7ˆæ2<Õñ¢[xÓ€•G“mÕK†³Ê™ Ö=÷`3Ú89:rŠusÇvrÛI£]«¾(_¡¡ýáÑ™,Þ<ˆƒ &ž5EÔ¥9ãÁ.:…•ètÐz8ŒMle|Ÿû1Å‘KŽm§W¿{Ÿ¡LvL‡ÅÕ5:"ž+¡KÙÕ¤W\„

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (989 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

…Œr˜ ‡Õxâׄ®G€©Nç ²>T½ˆNqw@`uùΊ¹’+ßÅB¢-[%mKÅ/U•q¥á\qÌš ‡ªöë/SúFðl÷ÿ‚ÿ&4Õȱ^õbúæì%•êº»u´a÷‹Ž“LðÇsvåEåXÐŒFs3û6aÉV,À–Qm¯bÂ=™4îx„Å“žŒÊ•q•Úð|Œáfß;Ž•.›f²•PNy V"g hÑAµQ#ôk/Ù¸aˆurfÃ!*F€¯çœ=›w¥za¥ˆL•,׶$¦½Œ(fÞ€ê鎹g´òXT8®–jù•%a×F>Æ ‡Ï%Òõ9‡ªÓ5úýêêý_ýþ÷¿¿Ä%ÇSVÍ@0z•—¾•}•MúÄ)Ïë$Úq

×éé¯Ï ¥wóRÔ(•ŽAÍ«Û•XÚ[ßBz`‚(9ò±Ð«_ÑÇðr{al‚0-¦M‘*á݉×?MðPàîKºvv*º^l¾(¿ ÷»É7r£ûhÙÔ©Rí‰TÉÑŒÇu«mïÞŽçfžÓÆð}|2û¢[4÷µ\©0–ôíävPZN

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (990 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

»¾•Ú¶k0¤¬Tælüø‹ªsSuà ‹ýÐÙ³a“lc?O bÍRÍÎåÌ™G•(ˆ9©˜L3Må7Dêzª£>¡½õW@½›˜sövj…ïñ®Ìä.

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (991 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

à2W¯ÜXŨ"ÜD• ×~}uõ?üÕ?½ÿÝÕ¯"¸+•ã°5È7çÝy•ŽJ¸n€ºr‰?‹GOé:w7ze¢ZT#\}ý“œS[¬ WFÚ•V’Å¢IŠ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (992 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬„J1¥W‚+X¶4õUš¬&-æT*QÜÝ}•Ü{³gÚ/wv»pÜxX øò‚ÑE$'¨{)'æ•V÷§Æ$ˆá•å El豶Y,&ôÔÙ™Y-Wº6…µ=ÿBˆÉmÑ æRwž¡-嘩}ð´ruq©a¸87ã“Ƶ˜Za¢q•>ô©t:@Ð@Üþ•°†•Ïws¬úIû•>)Vþ3Ÿ‘ŒñÖK·XîûTÔu.“GÈú@ÇfEîîq{YŸÊƒ•~ƒ“ Á§“ÍF_kBÕ•üýI b=ÍPŽ“µôª_ãú„a([0ÙåC¶G'ÍÌpñx`´eMuEùß °rO•i±zë‡_¸3ùØ„¨Çô½×¯ S;;»¼®f·Hwª)JTà8OÊ«jQi0ÕX~•WŒsßi±iȉä™È••»±ê£Ôݘ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (993 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

2eºS´»·:Q®Rº”z)þ¿yÔkõzNóÊJ‹öË(=‘øÊf ÖÈf½aµ•ÞN-©•<þôѾcéš÷œ²§••úpÃoÛÿU›^6V;áB®)-§.e2Ö_8 yÀ‚A^ÖWÚ"~õÅ«Ö„•Ó•«÷ï•ÿW«SbìŒ*¨^Ôä`<•Ly”gS@VËÄyWEä Æp•ÆœòÌ¡;W¿ºç[úÉ©œ¾éŒÓ’¶( ª+_÷&$‘K)§ë[ª]¸…^BL)gy•Î–+Í•M^•äÎ.›YïîPîÛ©½D·¸\±‡ã§tÊçxUÝÝóÕT¦¼C¦¯;õ-WŒçÅÈ©ô÷§ÅÍî·ëº5¨VÊû³(uÍâ ¹4tÚ.®b¥ú™ÖäMolhå“)ˆ?ƒN•'PûD²êí YýZ1e9ó£„ëœR³ËikÛÜkkÞ}ÀÚº¨©L’M5øZÕ±iáx*mŸi;?×à=Ä[èþo(@Q´ZC+‡P•?¾¢ƒàñÕ1å@(’¹KœÉf½Í“÷å4·Z^_9Ï\Ed•w¡e^ð¼žÏŽQm³€G¹\«tÂT]AG9CÁ*ôYè3ÅÞ'šG• «ÀyσëOy퉳\n%¯f*˜$DÕ`ˆ>õ"°¿‰f`sÑ-&=Yl»µ÷¦;¾.šD3¯Å>Ö…ôƒL×ö¹;Ó<ý™é …G²–6¡·™Ý/Óß«–nHjç•þ–ãÔ¯ X‡‡Ä¯D9Êe®³ÁÚ;ö€ÝŒ†t^ÍA“ç’X¡èe³gïšzTÉBw/ß•Ï%QêN=?ì€ûHèÊiSÕù¨bcüþ2ýf

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (994 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Œ••¯ˆ€Ëuuõ»ßýŠ>"é^6“/p°RRîÚ/™·–¾6¹Pj`ûZl†ãí©„…t¿ù“vî'¶Î•ú‡_•?s{8Ñé±’ûÇ>•ªR,•Øæê•æ þ®RÎëÝÝ"â:V·aó„›³åŽ?U5ʹÕ*'xÒ¦3ß–ŒdlÝÓžÞ ^ºó>¬b~Ô÷i|·U¬uçÇ݃•ÙÎñÞ•;ñ’Ý+K{XË$rƒp™8vmÊùuÓîÖ춡MŸîXœŽl¡y\ëÎ¥EÃ^"ôã •c§Cöˆ0xߎ,÷ ©pEøZ®•ýˆ]]ÿîýñqž"VD €`WÅ{ ¼Hžå|yöKcÞÿJZÒ2ðµ&rw–p!ž{^!áŒx<Â-Õj[†Õ(Wé’µ]tˆ·Cšï‰eß–JZ.¶uY>¿EaL¾I¸>)¹2°ÍˆÒÞN·¶‰•"¼Ð¨h×`“^æêÊmú>Û¬uY×ëÇÀ˜:ûiG+_•Ìcü¾¢Æ½lø@{ðŠYÀSÌL¹LÑcŒ’ãY|qÃëOœ«d•0±n£Ú5rØL‚ÙS•V+öv"˜Ãæ=MßÓü…•^ÑâÞ„`•¢°&ç?o’ž»5"ôóbÏÕ(ðÊdÎóOß´ß®Þg®pE>_C‰€BMžE0¢JP0éø±Ø,’õ|¦Ttm> ̬BÊ•¤56 “m5Í =EúÓTcû+'F •®ë- ¥–… q‰XHQ”é÷¿ùòtO^ë¤mï켬nŽÀÉkˆV;/k›•ÊËZe4Zö‰8±–륕p£—SÝ•1)Øk\iðWÄWn—z*V¥þÜŸiˆ <µÁ&÷v$bÉšOMŒrPŽÊeÌ]œ´”XÀöí£>;ÊÀ®è¬Þvkø墣JñõÞvu7…1íÎâf•úè•Mã;¥b²•—Bb¹¯=PjwW.‹F&ËÛt8íÉI–V:ÂV¤ºN&ŸYyýúäŸ~wüþ¸CÁŠ»Î§Wç«5·pH

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (995 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•Lsƒ4_¥öÁ•™:ÉÅ4T^•Jif€$fênÙÐ!zð¬ˆ)ãÑÜìÜòz45€«Ø••îKuÁ'Þ߬vwߨD*ä_¤7Òº¾¶åÍ&Nñcw3#ÈàÄ£y±•CçÎGîæDô2fk:{w4Îm®†òjÎiÔ‡×u1Òvš‡ã1 Yô¶[éè‡G]•Ç(E5Û »Öïw1n]ƒõè~ÍÜsr9xA©‚‚Kœ$Ï•Š1–´Ê›/wSòI–Çá§påÞËx2ï*I3ûr••ÍŸZ‰7zö=…««Bçø}˜8åýh!+¾tÎÇ@.n²‰$¦xx •aÅú‡óUW¹'¡Š÷‚«RG8ºñFG¸ÔJØÛòw–Áó7˜ðÒ>›,ˉ¦Wš•ç‹:[¤y÷à=Š5M¨¼Ëh'yál«#žŒäËjA"lXì¯Ä¤´¡ÃÊG€lË@¦ÏFšgÒ¤‰P*¹¦s0o¿!îe dMŽƒÒ….ùÁÅD•ÆŒö./€‡cÿ(ðä E¬r¥[,ÚðòG›]Xx‚å•èü>t핤bF‚OVßðc ˜4wÇÀÃù/æ+—c1&tÉaÇ–‘ú£ÀJé^•Ëpê¼ažÏx×õÞP`%¶7‡ïOéh¦©) ÔRºV2Nr(Æ°vwÇNnsÀã!.¦cwiÐcèÚÞ^;Zz4xV;Ë••¸GC{•N7ãÓ¶iP‹ä«Õ"u¸†y[HQ42ÙŽñØ›‹Vb0•,ðœi•G¾ Q@„úµˆÜOùSyŸèK9‡ÄCºâ"üI³%©•¤[<âLï['=%èà?5~boéùKŤ/è½Ù’è¥=³Ý¬Ž–Ÿ`7e`¡¼°¼ÁÊs

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (996 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

K]N‡Ë<¡ }¼ýý¹•Ý³ W¸’*…ŠVš¸¶\õ•°÷»•Py«Çto†úN¯ûcà™ò#õ¾lú•ÎÖ½¹vŠÝi•fî©Vntx–E9øY•<2ʺ4>!6•íúö™ÓæÝ–b½÷CHÝüà’XnŠÑ£ÙG›Ï*ÝAÏ4Ï••K®•Ñ^Šw—¸3QöMœ×'¶2¼ œ‰·ôŽé•G‰0ò¹(›ˆâá߬•« 2±ZX_åáÕWlÿ¡l²~ý߸€DÓpb\å½Õ…p_¦ —¡f>[JGá|UÒZ"JCa•I$ ¶’+îmÍj´ -=¡Y¼´©‹›)Z fw¼0÷DæÈv•iîc2”ˆU•;^¦•Õ•ÕjwHäÖÜMNê¡šw)½æÚ•j>DiS•’o>b,ù…¦“À¥¼l¼;/¬µ w'¢…ý$½á`ðáÃÒíY7‡âŽ•‹Éà¨çPäzwÄ”–Á·Ú¤«Án é´Ÿ¸Sº8™_<+FßÍ=ªl>{V~±(¿¨vwºE:b…0¸—-5{Dì/±×/+-%•ºo2º.níJ1w†è`‰E|œ8ûê:E³ÙÌ:üü×"…É

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (997 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

³0ÏsÐÌ9f1i‡•Û³•‡¹‰V‹½J•é]k%§ó¯v/JèVÀ*miÚ]P wÇù\Ï ÛüÑ•XŒª2¯^†/Bíe·Š•ØXJOÔY"‘‚nÝÅh“–²âìJÛ%üêÞ`•{nwæ•ÊÕCxšÖ´ ÷ïB´ÂŸ˜¥·§Þ•Ëc¬!¬Ž•x|ËÖ l»fµ)ö]Øšªù±3ÁĆGQ½R“[mº“ ›D›©ðáÜȬm¾x•ÍdÏ^К¯™‚VèÈv»=ßM(•û•—˜Wë{dPž Š¯® f˜Ä*'C!öû4ž£?þE†ë«çî(¡ª„žŸFä¤ènêå ˆÙÕÕqæýûL^–K æóÑ`p’}v0䧇PÂÐb6 qdd_'΂w•wC§P?\þôÓáú”/fæ·•‘«»ÅA·Rž‰Ý±é\ÔeÇþL„º˜¢é*ÊœFLÉšùá·¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (998 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

£5ú«nb¼p;ÍŸÌ•*ãùÇKKK§ÀxÖ¡Õl81~úÒ"zñy3¤1á•öJÍÜÍølª öÞÐu9zôhvŒ†/•h«mÚµMÅ~F×þ³ !‹’^Ôrú•J1w½´œ\IùA槀µÎ‹vj¼ýê8•|uîÂ*ŽêÂÓp^*ȽšÓ÷Ùøzáøï±KnuuuÝ•+ ;ç\Ìâ=aYÍã žŸòØô•ÔÀر– uô=g¶A.•èÆ“Ðס(Ë«4<û'éÏk º¥KºÝ.&ëóO~ô#®fö*ãÅå'Ë£ZrÏŒËû³«d ÅÓܦ<Ê–<ΖÒo Š4)”)]³ÍÄðÅW1•#‘(cœÉ¬íâžófî÷|W®ØÁãX9sÌ£dôÛñß-`©y·?øÇo{<¥sƒYŠÃ“'§b€å•JD|¾Ž~è•^×Å“G•ªºº-ͺ-Vp]›vƒ•ÎFOêÝjÿ̸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (999 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÃJO9Ð UºÒ§Jö\"‹mù…±IÍ]Ìt_:”}3ºÕFÒ®)tÀ÷!XÝE”kÙ‡5Mmú{v|qÍh^ßòŽßñhaa~ðÝwß~wM'º*•Þ87.=Æß©WSÀ’ágw°4Õk>\žeq©*)°P{)vU6«;E§„•g[õZÍn–Ž¬º=¤ƒ#•ù²þ%Lw»û|\a6•IüzÁS·3óŠpû9r•…°sœéÈh¶

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1000 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¼ÖÎßQ•igµô…¯U%jgT¼ñT…«|VªhÜ¥ÓˆÆS‡™©+K¸Ú¦¸ÊuW°bZʘÎÀÃÕâíÛ?°ªƒ*Û&÷ofçjE(Y%’{)ŲùAôäë c^ÝUŠ¡¢=•–`ME«˜HÑ¡6rg;ÕJ¿b»é®&>!wQµL˜»ß·!lì'9‘®\»Ml½~Ýh\—u1\ƒC*]½Û¥*üÿº½&·ê4ugHEÓî(©¯ÑòP¨ {Ø2,Çð‚›ªOAÏP²=39œâ1zrf:Ö}t8¨cz7° J—§éO¡D•¬Ë&9$r Áª‰œr´PP@z¥ü?T¡4á¹ ö³Å×Ä÷Š§qäÖy§ 2e•…*5É 'ø&ç¥(‘Wø EW,=Är/ßégÝm˜Ñ{c»€ÑÔòò2‡«qÏÒ„N§Ú•3³€*æyÙ†½OÌé×v_§¤\%ÉM‹¥t÷¾¢í[šj7ØTuKñ+ÝO¯l¸ÅÒ(îtíàG<Ž|køjwíbÒÜÚ`~t-Tí½ÄìRzÛ®t뼎×U–z¼×w·‹sD|>;×ožÀC¿{i.#L|ŠÜ©/Àì³;ùpRëhIö“,á}%>á4¼·ÐlG9ãå³òÂ]Z Çj›˜¿7.3îQ••ÁäWWWjXk]ΕP8¬z^î¬5ŽK…A•Ý•—âSË@„A¯db75w«„7•Êý®sÁù¨•Ikjæ6õ²Ÿ‹+6´•—OeKŒæôà™YØ6ªœEÝEšeBµ0

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1001 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ZþXË‹X²ÝÇþÉ6+b[å®I/›ÞÐ'³’°Ç•Wf£•ª,h“c¢×*Ò=…ódÐU¤y‰àGHUjz¿I•þZÏ¡Ûa>=¥å@תœØªšCÊ^xÔ«ó:Ë!«á4Tí

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1002 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

×wó#]/*}ÅQ~:Ó¥„©OAŠRFðõY(êW2„ÝFŽª¼{ËÝ£uMÆêZ^i=jXœ yµDÖ:ÃÒQ£e8æ™Õ2J±

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1003 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 q >ëÄ·é¤vªšÆH…¢u牯oä ÷yä8C0\/H•ïSåx· ð?smÝϹØ0åÊ ¸RQÃ0•c0ýåByÙ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1004 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

íºÃsÔàW«P•ÖÚÉnòÙ3R6w”•kÌ0+•ÍJ`ùG•ó£'•E:~*•†Gϵݕ]QÓ|å@yÿù»[•%€Ó—wôóÊ¢ùcSÕvÍK…S¢t7l}”SMÅ*³ëö)gdM4¸NÛÁmÒöÚ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1005 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ñ–€u½0Ê9½Þp@‘ d•5ìì¿}qqã|÷í·=%yç§ ÅšÊ£Ê—Z¥U¡ÊãY@‘7á†*ßÙ•á6iõÑŸLëYU›4mÔæpÀq6û%´{K•z²Íåy?Á¢Puõ«ˆ+Ýyµ—å2¾a]V¾€PW&

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1006 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ççîP=‡.$ºÓS…ªp†hýUçT)FÕµêk2»ÊDKêÌB•Ÿ,Ü¢IIJâ£CÇÁ 4%Jšå»›î¶wX²Ðé$¥`Õì.Ï-/?ù›ÿíG?úÿÛ»¶Ý´²4m6XÁîÉIknææ1()’sÁMÕÐ/@Y}åƒh¹¼…ÆV©5¹#2ÍiKØ„ƒËÙv÷T‡“1‡Û`Œ]É´¢™ª´”yŠžõÖÚœhîæjvdâsâí•ÿÿÖ•ø>ÿlõÝû_•úêé³p8©Þ WgUGJùa™ÏÞ‰ãa!¥¨YBüiYk×(Û‘B›: &ždÔŠ/•þWDÁÕkhŸ>ìSâdHôŠhK$«Ýè§;7£Â´Ùñêvh¬²½î%º_"ŠЦ¡°kgn}âL—‘JÔHöá–=ïpñŒê(ëÈ‚Lòã®kqG•7PY9•3k˜å

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1007 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 y¤ï•î}ãOž•Âm*:b°zq˜=[‘»jXI TioÝ©î_¦I²¼Ø\ED}ó•xÝMš—ÿñþ7_ÿveåãêø®Ê þ`Èï3ÃÆð.Pkä˜)¾€tµ×kä9

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1008 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

I٧浽•tz±ªÞ¯WjUíæ}c`Ê“ZóÅH˜&‹Á²?p7îa:Äòªàë Ùjwî—Œ ëò_X¨e‘焸£ï–œTFî¤hIÍäw\æ²ùýs—“¡ré1…_ÕÊ铤T»\ÌwûÛûYsKI×V

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1009 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Àš×Ž°Ä/

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1010 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬EDŒ2b(±a„`Q"ä‚Š•«“¬ý:—¹HåUôUÁtQ“Ã#YQéðð••Ô¼<ËA>ý½l¸î]ÕPúr¯^À‰0ÆðE,Ðè‘•AQäÂI\ãÚO–ªP½$@uÈÐŒÞÐ?sáͽu4ÇÙõK#•,;l{ýeÆÕnX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1011 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¸P!‹Ã—ÝIË•T¯•s@Áç9q(\==P•¶ç¶ë,Zð·ªTø«ð@H`ƒ=‰k0b‚.õvPBJ‡ÜÙØa⎠•kX†ÕHÛ:¨

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1012 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

)#o‡ô¡•c·ë3Úf¹(üÛSž4ƒ›(¶ÚÍñJh`%€õͳPh-D¥Qø-Ñ—9³YĈ„‚¼«µ-KG”¬xiLm•q?ZÛÔíuD‰w¥^%‡¹\]7¬ T¦b""¸-åÓ„û0+¢Ø_1£Úè•We¯nàSðÊxô5oA

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1013 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

MĪËâeoÒh^"®Ô9%Ü•3€5_¿ÒH¼R%ÚÚÊ·7'ÅÍÀs¨C,ÂfPþaW•ë•ÞX˜ak•á$•ð@K(”BŸ§‚%…‘+•7×ÿ‰Kòr¹k ::mÌÅ,

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1014 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

‡•‹,›¿ R¹Åç?ƒBV-‰qÌîü)HòÁ>©q‡÷Ý•™õWt#;…—íéݳu‚•Àkíñã•k!ùËq‚µ$ÄD ŸÏ/a4ý€¹Ï“x„ÕQBâó¹p1X½„Õ‹R¯ÐœÔÜWŸ£U/¢‡QØd™HøID8 †"JÐOÉaù¼WcFÌÙGÆÝÀn®>)à4CëÑ TÚ´nÛÍVé‘Þ³i§ÓïÏÿD²LjêjE^œúÜ¥OXÁ„_P|’)mk•lfaБ^Ö|ÐØzþTdv0”Xb1qý![> >$…qI‚@Rd

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1015 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Ú2o.h¿™‡‘UaAJˆ¨‹Œ'ÊȬè‡]}q¤")Ū-$XûöÎ/µ~”&,ü]ÍÕO“/ð>v[?“£Ip]¿Âë¡•«Ë+!„d¤ZsE&

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1016 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

͆ïÞ•`ìª.-9õÃø‘ê7;Ïðú´Ž+oÆ«2|–©{…µ´›'‡êT¨Rà‹TsX£0ÏZˆ°åh*Ú ,…åEb•ð 'L¨R „¹ËcØ?ý醋íã€;*=Y‰½Õéu\ÅU'Ú«4x¼ýspz¨ï‘ý1²´«žÚò¤È¸B`quqÎmbdUØ(ö³ƒÑkï¿Î²¬7¤y÷Ë*XUÀ‚¼"³c…+RrGöläÁRÒv†mœ` CV{B!®D ?ŸQ5Ñ'áĉ"VÍ}ý|VZÍÈÚ·?•y•A¼"Е•P¼rD:œ Ç«âëÔ ¥öýò]ýdÒ8éó±f¥Ó*ýɹç„ì&´…ÕÏá ôŽ’ÉTÚ3áQ\½ßì»Yó+‰Qœà!¾hHÒ0áÈC–|Sb„hÄ‚Ú[•»áx*®æê’/ؼ-ù«c³¢%+r|‘=hsArA"kÛãUz´ò„Ø•--ùb§j”o‹Í

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1017 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

©Ç£7I]FÇØöþ/ä¼{@Å%$VoчéŒG•!•!–*s|Ã…<ª@v.ʃ=,†Õ²,FÖÞ@fA23ÿ1ÜÆÎë°ÊC%þêÇeA¤PûG™H»pU?ía$cZ`ðÝ÷ŸBs¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1018 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

LjËs|Õñ‰»ä¸‡ ßf—ú?Ýùc±z¦á×P*L’)%±Œ:#r U«¶{Ì]çOi˜T•oVO´càÆU¿•L6]©¹Í‘Êï—ÂÉœöæaå.z ¯‹1+sT=f³OÁ%ßìæWÆÒlÚ+=Ïã

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1019 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

[ïB›óAK£XŠ©K·y²^ƒ©“Ä;!+KpœE¨¹,JX±Ú•åñxy½Ý»>û Û÷h¦²_ÑPÅyÑÃÕt˜{Wò¬2x…,ŒVX™ƒ¡oíü•i±„s†¤M¾•ÂŒ8þHXL483ÕZýô•¤©¶81N Í^kºüle䘌Gv_pt{ùDû}±à¤ÙJR¥Âº}Õa4]Œ‚Íc±ÙH¦˜¼G•³ÇU)”¯(ªÅ€ieºpv“‹Ì*zØîM]MÚ’_•ò3±ÅÏÁIGUØ#\ºb,è8Fu%⛕G÷Æ0.ÁÜåÌ,|”-²˜GÖö{WÅQYv€>à£e£zb+\Ép¦–å¿x•Ë¿(z™w¬Î.TèaTÍê›8*v䢬=/jÍD´J`ýµ–¶È{ó •¡mëEúÅ»kw§‡qÈ• 32PQ‹Ð澡–5d‘éRºàæjÉtIQv½XUhÜßÏ"rUêh•YH–>‡ª¹Èå+ڥؼT„X§ßð¯<¹¿Ghä["ábÈ’•ŠŒêƒ3šÞè|Èòˆ–Š[Œ´ü¹EÆ]lÝ%Ñ÷Y^A–¯zòWPWÀ•ç‹ŠŠ<€.‰0_¯Tþ@‡É}•ÀEE(ÂâƒÎžôÄ¡h…Ê@M•%jè‚Y,+•¶•?Í@]Ñox§q¾Í«a2ͺô¸*nÿ Ú‚¡áý“µgÏx\äkîêô¦ŸêL¡ê¬Ñ³lµÁ±J؇*ZöåjHñ0}$‡,Õð<ÚµSà"·*&¿ûî¤ðª0YõC}‚•àh:tP‘¥Ó\ô1Ó=2=¤Y*pÓ¼*W" Ò8žL§pT,4““dߊ{4‹ ¥Ä8æêYÌÝXÈž¾ ÐGuvYàb>¶+Hù!YmᓱS•Õàrñ1Wƒ5ÜÓC˜“¹•¦•3š?ãj1`Ée¦ú¦¶IW_ñª] Q µ°•Ýº‚-}8•íc_1êHn&\aÐZ70àN•BŒV`yƒ½Å9Â./É•xjÚÍÏâµ¢E&ðtØú@•p+•J•ðåùǪˆY‘ˆd#x;C•Y]pvq«J•Óú)|n¢ûhm}í«¯~»6:?ÿë¯?}úÛŸÛ•Ré¶Õ/–¬ËU¿àX-qG•íR:ž‘«9>,•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1020 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

·dÿÛý]Žô5ÅŒ¬ªVˆ Þd¸¬v\ý«Mm¾ §à khòžLeÂcŸ/.©Œö) ©¸&YV˜S"JÉ; ë û!•Ú0Y(âd|œÄvl9瞕Ƨ_ˆXÌ•ÌvÔÔѤ£Š#–|Ý›kGÝ*Ó*ZW¦ùì› Í¾uµˆ‚dYª6¨l…Ëj,²^E¿hç 4XQYUÃÇ«,Í÷À䀴@óƒ„?Ä[•L¶MûÑrêäú3ã>Ü DÉ*•ÔOÓØ îÞ¾{ôDª•q¶©•·ÅS7ñ7zÉT¦tR«žñÆÀÏâÛûÆ‹#ÐÁ ÁXÞvƪ¼XÕ/ÀÌT5©¾”Kòhºxy)UÌÑÏ>Ã'kºê2•¦ð’OÂJ2z®«ÌgF<ÒgáÉÐçsD šÄsnš<‰ÒÊ…v6Tîºs••…"5 ¯’Ñ-¯ì®Æ#l2(kT/²ÏZív±Û=¿mÝÃÓIO9„“€ê

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1021 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

IŽMÊÚƒŠr›¨,`jÀ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1022 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

çiÕ>¿N•*†íâ4g¾[ìwnÛ£Æx

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1023 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

€dȧC/rÍÍÍžæðµ•UÞ5š%㔂ؾ¶>¯²â–H;•æì¬ã›ª~ù…vQÕ„§f`´¡‚ã{òXÆ vö/g;o÷.ÈQNŽ//^œ€°²úýöôO-ÐôM•EªàS%2–²pYJ#—vËÝÍÕsß•6Y3@K'xÄ.¦¡fß¾Û{eY•¾^[MÛ£`8\À$÷ç@u¶:ícgŸdÚD”"€Mø(=T‘]Î[i£1ªZ•ê·û•ö§•ˆÊFâT¶Z(âhÕzMd5[%S¢Š=p-1—XÑR£äUòè!K–P½TøðrÏ*¦J”•àNÆÚš²Öܱð‹A5SfØÉÁˆwÞ.¶[ýß•no["Jð|û-FiU)a{óh;ÓzãFZŠ½f³U,¨¸‘ ã˼ub·¢‰ÄíêÊÔþGøµô±•oã>+¨uÇã6ÈTJ¾vD¨;R"ñ*R%R`q2µÛ½É¨)þ|IJ^uÑ~4*ž0.Yîªð²àk‰p2…+=

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1024 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

†åŽ¶¤ê^0Ó¦Ïl†üö.˜–1§>Á‰æ"-„Vœ—ñ^Û OiÏ|Ð/ü´˜®k¬=o&Ða¬Ðk§@¦ …ûaU§5¬å€éåÀkéíÎÆ l^eå4ËõØÅsɪ"¨Ûåm€V…{>;Ê®K•Ã°ÑÄGŽS°±Õÿý¿B¬j·K%Õ²"NYBÊ«¬ª9â ²Ï6ùxã“›x5í~¯O¤ì;"ÇN7ꇓ𓕗…Sù™UG¬æEöÚ«wË•uMîÇ«ƒR\ö”J 《LW

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1025 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¢°þ€Š¡ªª²¥2#±)ÉÄ|*jàU–†±Øf•žŒ¦úXó€õF„–/A·•V€ÔÞ·¶dú,²0ÿqY²Õ–ÕkÀb!

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1026 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

´ºõq²9§Æc•+ÂÀƒ By;*¡p ¼þpv•³|Ú\hE—RÑ,Ð)X½Ý‘ eͶ‹^}s ™ÒÌç/@’LÉöëóyd•ýtéEJ.~3ˆ2^[c˜dÛǰÛ« ù^ó/ÓC\÷ýÍúã~F%78&¬~4~Œá*Ãa+#KYJ ^Ó^N$t“U ©~¿7•h¬5 £Ñt¼ê!¨*b8¹‘_ô[w† &Sz„xñ€zòS¬\¡QF5/÷Õê&

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1027 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÚªÇÆ){Sš1•u6é÷U÷2M•«à6Zi–rXÄ•š„ñ&øæ•%Ã]ÙDổÚÓJ´›l·N@#jèÖ¹Àl–ÃÅ›½ÊE–íGg²²‡¿¨à./[Xݯv¼ÕŠ¯\5

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1028 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¿Á7ggg4VœÏ›yq^µ-Ú•8§%5SÎÉ¢Ùw‚kè4îÇ•ÿ(®É÷ã?q…yýß¡àM§Ÿ@ËtŠÙ¢ÄhŠìì)Vq6ä7•${W®óüŠqå³Ö£ Ù8ºxÅÄÌàrÇ@•¢‡½IÈPãŸ^°ñ°Åaˆ/ÕW90¬Ã„c›—BÁÙ¾ŠÄ\;P>TÀR˜ôÁèÃnýdÔJ5\•†±˜“ëÉýÕ9`mçÛ ³´dèyàè•vdRý^ÍOÇn°ZL¸^›Á^Ôli°æÒ\çàBΞŸ}ø•¿8ðÒÕD÷Q†ÚÏÔÆAX±©–!L À`Œ»²¨ºóëX¹¦}Õí¾–Ú&¼9afl¹wêÍ£Íÿ왇#jÇ*‚µ×ÖÖž®Sd%€ñǼ7ün¡ÙKgLÕ1ƒH²¬c*EÚ嶾®«œî¯Æ•ñ‘e¥•ÖöfîdÚ‹ö_¼ˆF'3Æ•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1029 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

5sÅrU€¢ïa•A¡•Gáa€¼'é/æ-ùñwŒ‹_†| oàÅ-Cý7œÝœ;iÒZâpUZö---í¶m{þÖR¨Jž˜ÇGµ˜9³ü,3,R}L$n‚».äÄZ 4\oÏA`••‘8P|¡¼s±â~@ÅêîWäZN_Ïwv¤…ý@ºÂ•üÇ›‹kD•iBƒ¦°Rú&]›t.3*áQE˜Nø¸[Ù)L’}Íl*æ©ê-Zò2Ïß•½¾¥äÛx×Èm

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1030 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“J{†;GŠÀ3Õ:’ÇBž•ÁY‡¹b¨H%7ìVéSCÃX“¬Vë…h4 *$'w~¯‰©Ãhá-=Tù|öÌ’Š§ã¸4ʸ; º.«@ô%3¼–•!C¡Áa>wâÜÙf•—.É4ï„–²\+³ð%m¾$TÚ¢´¡X8%Jkžy%|œÝºús•Þ/õ&ÃÓ6º«ô’'•ñ(¶Žøú™2dÞØÀþq…*

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1031 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

LÞÕø‚‘a2µ±Waú7à\Bî&¶ÿàEœR¿ëv‘’ç`s¸›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1032 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ÌbÑ"E™öjNÖv7Q†Œß›[ž“CžMóW↶Ž™••òí$yl bul¦þ嘣Óñ±ÇÜ•Žµ•Åµ+%Á¸J½ŠRQªud/JÃ+wúsîÉaôðð0Z€´ˆlŽ{YM‚Æç¡‹B•G“(îÈÏŠA¤•9Žo)6÷›x \è•ò%ówï|é•ŒØ|FL•Ø¬YbÞ.(û•<¨Ûê©©ã*k§Ìm½j…š°’Nñºp–•pQ¸áµ•jÈù•ì‡qÎÞ6íbñ*•B²vÂ*öiràõõÙÅ@Gà

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1033 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Š¥:©”&•hˆw¬6@°VP+˜J®àÔ: +àÿ¤û*• `‘ôwÃk€ P5‡®ÛhvJ—7ÃY®VwkÃtfqæ_Ë‹Ç|fìþêñ8n¾~߶L™=Ác “{aÏ6ÓòøG/^¥áèX•‚©,¶³²d:ÝESÑäÉd:ù(x:i)ËT5öCªþxxâú•÷gD-×OÅTúÓ‚ñƒ“ßqøàgl:1tÐd‰üGÙ.fHËUãË“[ üåÃ-Tƒãf³

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1034 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ÖÙp“K•›É¸Qúìøègš‚sÁ*Ë¿È-rÜ•^ÐWW]ËÌÛ iÅ+_eœ€gpˆS¾æì·¡¦óHdpÀ¹•ü“ö¸¼ó³X eT.¬®¯E¬‚%UêòªPvÁìZ H€

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1035 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ëÛIÊS“#”Õnä`©72}œÙòJü¹Çß¿nÅ9çéîs„(ŽQ|lTäÊÖ‹ìíét4Á’ìòÊÌmLîâ0Uq„pUpý\;’°¢ó~X+¥{Ñ*&AåqyƒçÙÑ®Íjæ -#¨ºˆ:›H²Ò¬åª^Ï e m&~••×ýéÝxuT*Á¯Ý>±¬Vß²ÚM$Ѳ¡0ê›ë\Ý'ᕲT×F\‘Sx±•;©yþÀ~â~¥Œ¨¢¥Ò5‘åÎÎxdPÉRÒõ·oy?L¼$¯*hZòFUEÙ¬PMWåA•–ܬR-œÐ”•…ó›ûš¦†a˜~‹5Ò¥›ZJ;ßËê0¡*c¦S•ýz=¼Ö²‰•›® Q~ÿ½É¾sôâÕ®Pð%s&<¼‚“ðH{{g³••!øÅGûíѧå

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1036 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

èÎê“^¿=ìOiõu>Rü¾‘‡=Ë:&••€!p8A@‹¸–Hšâ¶\Åbœ=c0µOõB¥—þtdÑ°2*ËMZ£ñ}»é6KE«™;-5v'í¢¥`u5uût[ê $ˆ°½P¥7Yᕃ¼H•v>oJ\å·+å<,ümPóŪ4TÁ’j…=•y-)>ru¬/üüó9ìWH£h ÷oTb¿ /2¯ºéT¶3ÛMI\uÏG½Ð ÍfÁP(œ¹îpdécÙ¼BéyR•ÎW×ן•T•^3o"d™ò=^>Tœ]–´4`%”2«X on(X·ZàQÙjNhEÈ?nNÝl$•ü°

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1037 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

+>®©rrô…µ¾¡WK ýY ¾¨³£È‡°Më8© ½A@3b*æÉÊ¿EïBx«îøþþæ¦ê6'£w·Ù ä¦í¶ÿ;}¸ 1×B™Ï¦ALiÛ nUF‰Ç È;fË•&Zèý÷ºÌ=`„y¾söáì—•ˆÃç?ûþþwÿÒÿ_ÿ×ÿÎ Üñrxœí•{lTUÇ¿çÎÌí”ÛyÜNSÐ…uYYv‘‡exþ?èÛTïíXCÚçŸwR?ìž?g=ºHÛþ^o7clþ ÿ_´ËxÁ¨ç¸fh}?}ìs›¾úÁõ[£Û¢zçtnŒöFçüêþ{£[ç,]¸xNçƒë{ÿ°µ[\NVß)’µTq¡1c.Å•_þ•gŠúy½Åðÿ¿‹„g±Jl•¤vèâ‹ÖÖ®ØÐÒÑ3¿³ïæ»ö¬\·wõæ§îÛqdMÏë;ֽ빕ûÞxäÀÉ•ÃCO¾tbßá³Oýð•·Ï½v|ìÄ©áwN}ýÞŸ•¾ô鉑ы_]¸zñÒµ´zùÛ(ÚØ`ÿ7ÛÝÇ} [‚þ{…Eäq<ýàµ(Þüóíh›•èæÛuÞÁþ[)í=•ÏJ¸›Ðû•1#½#Ò3êHÎT×yN_=It•Bá

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1038 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ª»ïê¿i’ónŒCmùc"åÒ37<7¶ï¿%í<;D|\Ö\Žâãåãñ.šúŒ„´|jûxܽDáß7êåy̲&╶ŒÇ•ÕƉ(–PÚÝ‘=‚qOl¬Õ+¶~MY¿ŒIXØ ŒÑÄé–yk |¬••o¯Û+cÁî•Wòœž·´ÐÅ[‰ò\™ÄÜÚ×íÝñÝG±Y}““c•bí‘@3ßâùÇZ·³Þ‘ ™ü¢#CñÑþáfãÜè l§côŽHTëë›âz ߢ=þÍÓùèŠL>ÄDÊ ÊV

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1039 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

û\QÊóŒ®zIgç_½ŸÛµtçó”¶êz`4¸p7Ÿ;Ξò\¦Zls8ÁxüiÊÏ{ßÉH'®£üï?Îõ·ŸßÖ©÷J^r5xÏӦǹ¨Ý.Qù]ûµ2‡ôïvJo×óÕÐqqèûg_¼§éX

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1040 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 m•GM²SOŸÎ® öÔ4å'Í3gUBò¤#i©jºJ(Ð]ùh“®Ì|¶éÊÚÀÐ_¹X]S¹¸PºòðNW¾bèJÏW]©ùŠ¥+-_ñt¥äs‚®t|ÎЕŠÏ)ºÒð9GWŠë›ƒtÄWÕtŽ7¯Ãtó9Nçèô¯aêjjeM»|Ω¯^HVFÓÄ6•s|õIcÔ~KÓÂ…|Š,{¹$ÕìLóάϓQÐyÔéàí&½•“ꛩÔdÒ™ˆDÇj§mD…Yî.ÈÖ”"Õ§º!OAÇEB]®!åvH ]QêkâsÑ1©nŠñb‘ Uup§¥ª¾™~ñ„*•7˜}´¤ˆÏ¤“\.—œž\˜úBúù\t1›ÝŽyÕPHÍÌUÐà5^È›ŽKNº)ÇvêsB—M…&ÝÔÍo•æâɃ®NÑ$P_¯o)¢'ª|Ë'tÕ štAÕ">‘9”ª¾–¦PÐ歹á4˜p#il¶GgØ w}ÀèúJ}}Ы_C¼¤•ZÓ3É"z¤$“x!ÅcÜâwרIÀ°*»Ä ~—ìo²Aç6é‚ÆqõµIûFÔú¶K6a²ÑàrŠå•Û¯•¿Ûëªi.†Nv[+Q¦¥£ÂZÈÌèãÍiÐp…Š K=–œžŽêkʦc‰c´dƼÂèÒ„)É#[ì’Ì^(ךZ¦ JúÉ™™˜ŸëH1³×ÈFrtLr»]¦½õõµV{g¨BR•¶ÆפS¸E³µ4*.Á0«É=*ßѳ`ÁtR-OðxV:jÀ•‘M›

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1041 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Öèµji鼕Q;Ía]HVC‹ u¸“GUóš£Kו¤ó¥Jˆ¾ïψÔ$Xbº†tº&_†ÅTfùÒ£ÊC'k3-5iðh§Ö•ª*–Lg³J‰[ÖÍ35XF…¦Ê "[ ÕF3=”"-¥æ¶V>`Zs" *^c„ø ‹ÂB…Ì>mÓ8ºY4Ú‡›?Å—$Ôñü„~•Ð/#%£KmÚ€eP(Œy|ÆTOÏ4‡…¤l!Ù¥–ŒÎœC»ëæ4ÕÕ ÍQ˜$+¾ Ϙ¼0µ¹ÉÈÂd…&þþ<©ð9Êttõ^’ìþŠÙ–)B”æl6¥ð9Ê´tõÖy¸™'À2bõ¡’möê¶=f-¿zrÓÕ§MÅ™˜rÕ¹ÓùÜúï¡àLÉ“N3ŽBwº¡Ôç(Æ® ÓŸ•ð$+drÀˆµš:æRŒÒš‘ra27/ùüÚ4á¶B£®dJz/§Èn.²´NUdÙC±4‡²üo™Õì—Ý4Ÿ—\.yFPûM¦ú4QsÐ9-Ùï休QFº)îåÂ+'ÝêË•W^ºìxSßD+3]öÖ•º¬ê›òZùéìàU€.[ëN12*A—M}Ùñ*C—/ëÀ•]¼j¢ËÄËÖ¶£Ë¯rt™x™]/ËäÔ!‘tÿ«Nl¥ÏmX,þå/aHŸ‹OEóõŸžÂ?—kÛéþOwa©Ýúmû?qÞ†iså/vëwZŠ©Ÿ—áúà“u¦ïsù5A §xv9O«%Å•™É·^䎕B‹?í®hOá)ÔI¿Á_ÀÛŒó‹Ö¢vÅ´tô`~gn¾kV®Û‹Õ›ŸÂ};Ž`MÏXÿØ1tïz[÷½•GœÄÀá!<ùÒ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1042 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ì;|Oý¯¼}¯Ã‰SÃxçÔ×xïƒÏpfø>ý"•‘Ñ‹øêÂU\¼t ÙNžûš •a°ÿlKt㸯[‚~Ü«ÿfmcƒN%8ˆk”•û• m6ÝÚ~•—Òoååï•î~¢9 @ûq3‘¼¡Ÿ¬ôŽ’ž(F’‘¾5Cœ¾zâù$’@÷ß"Š>·¼á˜‚-HsM27<Ž¸eŸû¨p‡…‡c‡ »©pG:ÞÇX>÷UÁH†W‹ÚNåÝKLá»rcØLñËnÀDüQ´P$÷]ÁÆ :Þp×–»#{ •}•µÂ«Ÿ'÷bÁ—1*¿Üù„{²à–yà¾, |·Ì[¶!îÏ‚»¡y´hþ,ÚG—æ|Äó_!Ì}íÔOv|÷b³ú¨mÇÐz!†öHÍÔΚ‡‹ðqë÷rárÑ‘!ÄGû‘ôt•pUî

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1043 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 l‡æ^,îõMq˜Y¨¼„!p'‘¾]ŒÑŸ"“xH÷“î/¤ ¶jÇ´HîáƒgÐNúúúíošó¯^F|n–î|^ÔÏýa0÷ˆá^n³éTõîƒÃæpL¤Ÿå…ÌÉYçëDù÷×Ú•5>wmYežd„›ÿùÛ’çÏ•e¨¿òOî/ƒ]ûµö¦¬‡öÇÓ•mr•“V&“ãoç²êZy>J–Iš•X.öjèjÁíGG`þÁ5‚gE!ã›û|?íÌô{L7iÞiöÜu3ö®[‰§6¯Æ‘÷á…ž58öØz<·«oìÛŠ“ÁÐáœxéIœ=¼}çÞ~cÇ_Ãð©øúÔ;øìƒ÷piø_|Š‹£#¸zá+\»t1«e‰~û2)ù›þAt'¶¡ÁwþàÂÓ†á

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1044 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

O$ÛrPd¾†Ûÿü&fSÔÁî„ØôÖ•ÝÚ•{¨|ÿ ~R^î•HâËzß'r}Äú’ÌjWh ÕàÜÕÓÄA"ò ¾}¢›ìJž•_%»B2#»JÿcÆùŒ‡¹÷}Ò¶D¯Ü/ÌÁ¡ØÃÀ½~wy È®D§B ¡^d\+ß®b‰›—×ö/q#|c2•Çß°x4>AQ-tG1±‘ûïóã…±'r7?9²+@뙕˜ÞöÒ¯û’ûüóãÒ°oÃ<îÜÏÖR>ê´ÞÀ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1045 of 1076) [12/16/1999 11:39:24 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ï]‡Ý|•€•kåÞòðÿšGc—¦«É+4ˆé4÷®kÇGßí@߬ƨmcZˆ´S;7C”d;}•ôR¡•¢ûY„þQ:¿æá¤ÒȲlh—Fz9â›^tÛBQdW$4Ç7‰t¶•Ûq•ÅäYö•ˆ•<Àí UµŠQÔ1Qnœ”Ë¢q²+\…íBŸôŸìŠÄ—_=•®¹q<¿s©vrׯBp”6w/Ôj˜œMý•÷ŽË`ÔåáÍ”Îpš§Sy>Â"'Av¥S”•ü}ÑþŸs³ÐyÛÂÅ£¸qáùÛ•4—Ñ_=tÈKØ¿KooÊ<¾ÿ•8^»f–`ØþÚ—v|MDùŽUƒÏ‚ì

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1046 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

]•;ɂݦ`|˜ë+jŽ¿;yùQ¾ÚçëU„—å×Nùòú•X9¾ü~iWŒ//ë}ŠJñeâe¿ËS¾üï‘U„/“nÊ;Œ•à³•W>{w·ËΗ•.dz•róeÅËñd¥¼|öŸK••/+]î§z9ùªà™hN¾*x¢œ›Ï˜ZVîy|¾|•z›Ái>§ßq˜Ïñ7iæsü=$gùœ•‹ËY>çß•s–Ïù7KÃçÜû—¥ásîíÕñ5¥óúîoIùxsºDýOãsà½s»|å~kß&_Ù}ìò•ÛcÄ._¹ýmló¥H齕쎕T‹Uz_/»|åö”³ËWn?Ãœ|Uख़“¯ |\mß?(³‡°=¾l•—Ö¿:•¾Êx§çä«ßþœ|U°2Â4ö¥âëJLÉW%«rd㫦5MRùªoEƒ¯Z×Óª{5"À¾n¦'×r*Ÿ£+a9Îçð:bó9¾ ›£|%XÃÎI¾R¬è_iÖOtŠ¯T«O:ÃWºµ;•à+åʧÅó•vÝØbùJ½ênq|¥_³¸¾r¬ø\8_yÖË.•¯l«•ÄWƵÚà+ëJ÷¶ùÊüwìñ•ÿ¯,Øá«Äߨț¯B•áC{ozÓ|·Š‘ÿ ô‰Éý%øxœì] Tgº!V~b!$º•Öèjý!Ŭ!$þ±Vký©Õâš„ß$‚I@eÑjWÈQËéí¶ôöçx»ížÛÝnïõ´Ûjw»½[P[鶽¬üŽ˜Ó"¥a®‡8{3wrß™Hf&•@Ü;½»ó$“db¾wžç}Þof¾Ä/ZgÝzëw©=£i•i陕Äú=åÝ„í{Lz<ž‘§=ÿh?¨ö?€l‡¦Ã:Åy@˜¸0H$’¼@fD€Ù1

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1047 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¤¤ •HÌd䀹€y€î<˜Xx° ,,ü°°ð``9``% <Ȭ¨?¬¨ýâÌ•u-@XXXXx•ØÈl<

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1048 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Øx°°ð8`+à À6ÀvÀÀNÀ“€]€§»{Oò{?ìè€P(Š%€R€

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1049 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`Xûe€rÀ€`Ø€JÀAÀ!Àa@àg¾¸¹Úð/•Ã;çBäepo£ß1ñ&A¦•æ<åZUý¬î‡[g½¬AÞÑ*úü·Ý÷ž Q_ˆšF=ðIìIõäÚ}Ht”•<}Ÿùüµÿ~Ø—[€SØŸ/‚ϧB‰A¼Þ7‘÷PÛWúÖ×Âçn嬧o·Mæó‘pã§úÚ•À»NúxÉ‹•´¿¯å-ã“nQ œi÷yµÏÌ}ÊÓ+5ÚÊíåEs/)¯(Ÿ»¾ ´¢Ü6wåÒes/5VTÚ éròØ6úeï«t¡}féJS}` òùÔçN¥ÿ•ï-iANÑk͉ފ5/>J•Ž,^µâGÂÅëeg-ÈZ•SŒÄ”#;2ÛŒL/•ŸS'*[°Ì°dã|dó<Á–¥È&Å}›–ß·I»G9•`mìËÅ[W<°é1…yëÜí™ZãmaiŽÕ´û̼ôwÓ2þuÁ¼÷w%ÖìVÔ¥§ŒgõÒ“fÉÉâù5fE•QñB±¢Î>·þÀÜ÷Ë“Ï(–Ÿ•*Þž§ø•BñlÁòºâåïìZRo]~̨9±_÷›•?yÓžýóýÛ^Ý¿åD™íÕýV¤Aj¤AêA5"¨A°^-@j‚j•Vª…Xj„ȳi±'âHê±i•@òlê¼aγÂíÏ.}äEÕÞº%'ž‘Ú•)ÍõYuÏ^¨Vþúè’gæ—Uo9Y½ó•ê õÕùÖ»^?±sÛ™•ÇßxºàtÍÚwZŽÖ<ò‹/ÿ¼âå7Žžyé•×[.]x÷Pço7üþ|Ãç]ü¨éâåËgo\¾zãO ܸqñòÇ7n|Övùüù¶Ï®ÝhjºùIãw½‚"È0H›Z#u+ô BT€xH¯@€

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1050 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•`X ô‘a¡°ÍŽôV#h5â©FÚj•njv×!½5Ho=‚Ö Ã5O•=ƒ¸ÏÀ¿)õ R™ç‡ó<…ÝFE¯Y1lŸ‡ÚUmÕª^Xj¤ÝuªÞ:ÕÍ·–{̪^ûÆÞš•ÃuÙmu;ê7¢õ*ôµíž3ƶ·ímÕÕè/žº3ž7Ï´ÕŸíüÕ•a×ö¾kUÎ?¾Ø•ó¥öógÿÒøá•®÷îºÏv]üÒ}åË;ÿÕFÜùËmOêéø«§Íãië=ßÛvV¡ Þîõtw{º{{þÚ•zzÝèíaw¯gð¶g¸×ãéöxzÿâþï^â.µæñ ƒ(Š£ƒnt^‡5¶FÝðæ•e{hC=·ÝôÖÃx<ŒÃÖԕ¨wÃaÚdzÃeÉŠD•nj•›â“¬öŠÊÊʊʃᦠ֫ྲbb·•¶*[Å•,{ë•“' ᵓðxWm•ãøñ•ºõë×OϦmíí$Õ°'A•a6áú|%FíñSáã #©uœ>ýfí²G§ØÖ¬Ù”×Ù

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1051 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•‚?”ðƒ…Aº\msé`NŸ®;9‰otÔBTË(•¬ÓiµëµZݺð×a‰Ÿá•ÑÑ„ËIâd{;CS{¼†ºëÏ×þ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1052 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

0OÑLeydý¶DŠª¡(Î`ÿÅH7ácf9S÷üÉç½Yó毖Á.^ûw²·ÚÜÜÄÄvô‰Æ/lbQIC¸?_YW{êT•ƒæ%¼e´=÷ÜJPË”–uy:Õ'·;|••K´•›V«u¬˜¢3kµT0˜/˜°•,‚ ¦6t‡ƒÆAÝÔ®˜j•É[ÇfhÉ• Õ2ð‰ZøSP¯rÆÛ%ÝhB‡{Ï+f&…ïžw9£óé•R÷|bfTeÿ¿rfrìðŠ™1ùO*~åÌX2•*ç‡îf~•/¾0ãșɄÂ;7èÙ×ÍüÆfì„qÏ7f˜‰¦Êx˜3•n6Ñ{ºÙˆ\ÂÏ-•Ü, Î0¢™pÍä3£"›œÊxâfŽ‘œÑú³NÁäeΰU6¡Pøäf#9Deã»2½5¿˜ ”»¿!ÜŒGÌ8üŽ4YÑL öóÐÍ‚ôr|•iyåfµ~nÆîå\™‡nJeA³…wnæ¬3œ*Uûùèf•ÑL\eür³±:ÃÊ™qÆþ*ä3¬ÊÁY`(üs3GÀU†‚°¸%¯˜ñÓ•`ǹúÏd•o9*C8Ç•¼ð‹Áó‡•-:>¹™#plÆ•5Aò'`k>1£ì1˱8³Þï1OÜÌ/g& 2fíyÌ+f8ʸ.=ö<3g0ß FâÔ’ H£f.•wè—¼óQpx~djJDçø÷зp¨Œ™-£/³™Á¼Ý%Gö{—Fn±6Û݃Ðý>œžeƒÑÁ¬`îɹfα3.3éÝã8µ÷!•AŒ•«õ‹Tù*U†Å•ÁëÐù~zËQjüd6yZ˜9ÃìhÐlñÛ‚ÉÌh‡èo¾Ö¬6$§$çgª2õsô•D=•kDp÷€f4AÇ,Yu†ê'†R‘|•ÙªL†Âù*ƒÊ•&LÎWæ•8>èÓc™q°®pïû`zó-AsÆŠ»•«äó.2Ò²W©f‹¤)™óP•êr“ƒþ¾Af‚ªŒ•?œ:ät3’ÀíVýµVC¦Á ÈW.6V %’h‰8-_eìî ð`Ö

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1053 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

£²°#Òêâ7Ò£~»ëráTB÷v‹É*“wº¯YåÑ)B°3%fT¢Â¤ªX}šQÍÑ[;)À‡"=jèp8*óÞ¯Ëó

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1054 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

J0—#¿¦F3¸ÆrÈ"w»;¹X%Q*E0.‰ ³WYdz5¢•R§©L•°‰û˜ù*âufUÑŸ./•Ì †¹ZH+u¬‚W˜l¶tDn»dµHDPa@d…"µÑm‰1ÅƦªS‘½•€¸}Yv®°4Åâ€k•†>ÜÂú¯_•ÝOWŽ ¹¥ÒƒÈb¢Ô†h¨3@•J$^ån×P_iGdsùQ8ÜĆîA•ñ3æ *óÛ.0Â1™‘ö„¤•™•Ä-qF«&5F† •‰!Ú•õ€Hct»

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1055 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

“9AbcçÄU|NfÂ"ëf•½äÓ°óÛj•—’üš(JHz’Àñ2w‡M£·u«•ˆT"UEÊY±X*–7DU\¥‰‹CÉþoÊ46<²Ç3ºâH÷ ze;÷{Â5s{BQ—»«y?ÑyIn1¨URIt²J"”SfI”R±TnÁIÌ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1056 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Å«éŒð‘f`«,Óö•mæVz@´¶öܲ'Ühi9Ðtåœ-(ÎÎVÁÀlQ¾R´@,‘ˆ…ÒÙ2™,û;ÒY¢G,qØP÷¾Í›Óñ¹™ƒ9G“åg,Oæˆ0~“nÔ•ÂÝåtb‡e}‡‡Ü–¦‹šJkFº4=N“.•^-’¤DgE'ǦƤ¦ÆÆ^ê6C4r8„KOØ™Ê<8‹äw8yáŠqLeº5k¨3–0¸ìolüç—5Ø·¨!²á³K˜ËjC•91êììYÒla¶T&•‘%G›¿´¥[äßtä$ï>‚2¬yò´ø•

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1057 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

T4¡øY³F§£N¾ö“äÐÅso¼aí"zŠ‹§˜Z4øÅ+öô(AXqãªÙÙBiZL:´é¸YSåüÙ/^Ëù‚5œ‰ÐU¦Ê8*?;BŠ•Ž:§ÜÞŽ]À>ÍÁ]Dy’`ûÖUšóçl¨í–ó&áêÖg&«ôHLìôé©1Q%ßš±ôOŸ¼øÒ3è½ûþ£Òs81û9•6ÃP²¥¥

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1058 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

GIôm $>i†nÎÁ¦wí®œæk_ÛÇ•/Pž;`Š‹Û·óî‚°¡-ÖÆìß•ÒéŽl΄Š†«ê0ù•Šº¯’ƒ••Å[å•Ô`àˆ¹(1±$;{ÿžd5

ç>·àœÚB••Ö/.4=5ຒ•f±X‡˜Esò´0¿à¯´`*ˆ•»I«ƒ¡¥'ïbdeî6½ŽhZïbÅÛ·Î0™¶Î,ŠOL,ŠOÝùTJÖ‚ììÊ*sÅë V{/Z•”°3îXK£hFö\sàÝø*Ë=8s¢ííEI ûÉ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1059 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

ë)'ˆÛ6oÞ“´v•NW”¤×ïÜe2mÙ\]¢6âê Ã’÷$Åš1ÿ›åLðµÑ͵ÚÜ‘Ãf½z5))å§VýwhCC‹õö•.‹Y“03©(wKNŽ9iË–i{L‡-1êfgÏíÛ3‹ŠwÚpŒyñ:¨¥qÑ·^f¼gÀH—+ûÀk¿¼uücN“õ¦ICö›KJÌGô²¼™‰%;ö©e©éÍèÍ2ÛŽÓà(eœMž¿«AUÆÌVõÜàe†>†è¿Ôÿæ•àl]]¥¥¥å¥åW®tY;ŒVÓôâ?÷‰›^g¡NC5•ÿàÔ/´¶F¼Î„ÌîµÑǹyº5T•:|—•Ên%ª;q§¹´´ ¤ô˜>ÿþ÷”ª‚„,å…»®›ÎcMWœ·Ìe•Êw>´÷€e|¡€Ãÿ*³22ô\e¹TÎô s”*žäÝ‚Äòg¾ÁåéŽ9{ß={ÿ*CœùÝ«*Ì%O5•DÏÁ]ÓŠ»šoÝÆñ›ÌÓ³‘¹ ÀvàPž<öZî&ÿófÏæ¤'Ÿ!o•÷Ütbšª‡Îÿö×Êü…/Ÿy±´´¤ô†á=IO¬Û÷$I:•Ý•dß=ûÎY0•qÕÊ‘¹•z™q·{/ˆcØÍ¢•|üÉïž9Üôtiiñª÷zÿí•{ðÕ_”””–jÈææsnnv6 a\Ç#]gØ,pp${ÆÎhú~•Á9à<ò¸Öd¾ÿÃÕn±ûöÜÒ%÷>¸{·2{_nûÖùÊ¿¯þ±ÆdvpJä0çh†¥2z•qF³¸¹~ûô£WLö•Wäá¶Y,¦œ‹ÍGŸkÓÙ•••CèÈ5ƒÈ2ÃíŒ3™S#û*v'¿ÊÙ{%!áñ¼Ôý0ÀÌeGÐòò¢Äø-¹yç t }O•c¦'5DjÔÌø.Ǩ…+G*c130€Q=ìëî~2aÆømû’¬±±ÖT¹©`_Æô‚ÝÖÖ.ê$F?5á•ðþòFd•4'¨2ng`_9pöÜr¹¾Ã&&nË5í3ʦ%EŠâ§ï+*I,8:ä–ÿÜ™ˆÎÝw¶¯Pü {ÜÕN¸@]9æ’¤"L“^&“ÍʾÔj5šªGæ`þ×Î#9`÷=¨Ê˜®¦eÿº ¨¡]TWûïb¨µÀN–ÅÅ¥§Ç!1Í=·ñ;ô(.}#•÷仓TÇ5M'Šá(z½‡vö•••òfÜl£§ P[|ŒÆ‚GØÍÂQkS¾ÍÑd¸Ô8*c[DfFvlŽÊ•‘`&bçÍ.5•ùó•3ÿ—Ì°´–ÊøÂŒƒq`¢*cÔ>1RO!=Ù»Db^sdç›ùíLç?Ó–OÌ°öxx*ã_Î0û9žÊüâ3c GecÊä 3ìïÏLBeübFë•ÿ2žÊ´¼r3ã쌖³ï!TÆW7Ó1Õ3Q•ñ7gF›¸ÊøÈL2¾0ã`\æ!UÆ/fü5Á:+_Ü,à»~ŽÆp•Ð*ã3•±] ”Ê´<ËήOXe|c†A

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1060 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

;¨VΰÔÄðæP*ã3Ì®súoP•ñ-g˜¶ÌÅKP•ñŒnž¨ÊøÂLà|3Î\_eüb&°°°²e\g扛9Ï5äŒ+¡UÆ/fXA°ãÁßrÆ/SØyÃê=¿s†UèuÌ•B«ŒW9ÃV™Eœ>¿˜aÁè?WölůœaÁÈúqTÆ/fü{àgqqeO˜q°çh2\€c`ÃÊ%^1ØÝ l°Ý€o#Ž±G4,/`x5¯˜ÑM±•Y›7£½ŸdT$¨Ç?_>Ö¯ÚÚpnè÷<_óœãôñ–çM±iu ôÿ4òóÞBRÿÑþùÊçž;uê•Û»úئ®»ý$ei¶!z_ã‡@>¦Â‹‰‚H±î0•ŒÒuy³—u0„XS)khSxQÆ •…ÖêMµ•² ±u•¢V›è´Ï(…— U}

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1061 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

$(ÒÒ?c™‡â`u¶ì÷wn¾|ï=vì|h§Ù®}|î§}~çy~Ϲçžëû{•^Ó&ÚÚÚ+x\JãUµè±ÇœMMM/f‘ΧáLùt5tþà÷ëΞíè8CSº6P´•>íi;Öþê‰usHñ3:eŽÅßý&šèÓ…µÊ+õÉŒL%ž/‹•j,ÎM”VýÏè¼6þíN¬K÷÷ÓŽ•ËÊkœr¯Ô§t••¶§™ü>;†Õ‹

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1062 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

œ1¶‚Œ¬(Z˜yX8Q<ñ% Å[sñ岕(Û°ö‚eQEYXQWË¿û(ûWb•£•+À‚‹bÛ°ð¢¨*¥Tž…ïØÁž-YøV©Ï<ñ8ª¾aAÃ3…Øa-Gí·ËQ÷üf8ëwÃ[´oçåã§+‹ðî®Epï¶À]kÆñÚ|tÕ˜ÑÑ`BÇÞp7XੵàÄ^Ê]…è|±ï¾•¯¥]fÎYð‹-{JáÙ[Š·v• ÓYŠ£µ›Ðº¯?¯ü

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1063 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

N»6âå}Ûñ£}Ûк¿ ,)‹EÊ‚‘²h¤è‹GÊ’*IYHR¸³i]6XTR4K4OÉ--yÈjµÀØ œfO6L-KQDÛ6·HØѲO•”ñœ§•ß7ÃuÔ††Î2x^ËƉf~v¤ï{W`•ó6t4ïÄ›ŸFgs5œ•»ðfëNl÷îıSÏbÏ+nlyë:Ž¸â{'Nâ•—à•SGà}ýÞ¼~ï¿}Ý•<‡î_ŸG÷‡ïáÂ{—p¡§]½=¸Úûtÿ²½zð›Þ^\ñõàüy®\ëÅ¥K·ð»‹••J0SÆΔÅ3¥ùlšg¹D¹„™£äÏΦyᔶeÓ6ª†•$ÁGÜðS½(Å(ù¨þ”$a€êÑOó~ªÛå!ªÏÕUÀê”Å:¥ß0S^Dß+Ñ÷R^IÇÖ~Â<ä*BÀ%Ã×,ÓoPr›é;)§tëL)b 4瘝õ•y6Âç©D_g%•2?Þ•˜·¾s.:¾•Ÿ´Óo{;í…¯³ýg{Ú•{×ã“ßžÄý[¯ãöù.ܼø+ܽó„»pçÂGÿé#Üý»‘»71ëC€Ò§1y¢þó~øzX æóÃï÷cxЕØÀ%?þüé}Úß•p`¡0•D,DyŒ¶Óú›á•Ày€?¥Àp•@ˆò0¡BþBJ~š„ ÑöK´íóÑí1:. œö …hžR(Ä–éX:&F)DÇÅ(…ر”˜ªX3GµÂ¦,=J•Ó•-•’RÇq]Ñšñ|¥ëÊ2SšleÝ7_•NÌÒDÜøYÈXX,“‘±¥Ò—ž@îÖb¬,û26o(öÒ¯½@ÉEßÑ°Ÿÿýîr¬Üo@‰ƒZ˜•È.úo`Í6|ÁR…/”V!«¼ •Ø¾ƒ¬-{`,ý•âX¾Q…ÂgPnÝ•òo×bóóuØ]ïIJ"/òóÞFÑÊŸbÑ®waÙ톹֕üÚã0×tÁÔЕ{;`ipÃRë•eï º<(|±9/¼‹R‹s,Eç`±ü¥{ZPº×ƒ’]o¡ÔÙ‰MµGQ±¯_©ü96ºNcû¾—±mߕд¿NʵÊ2®&ðdOªLs¶¢(-3…‘h{^izkÐjÄ‚£KI‰ÌXÚb¢mE•Z6cMËÈ'ŸB‰ç9˜¿ß ÛQÊ:•ýš¶æ(9ò3¬ð¾•mÍû±³¹O7ÿÕÍ•ØÕêÄÎÖ7±Ó»Ïž:÷+{pý•-8è>‚“'¾‡/¿•#§ÞÀ©×½¸|ýMzû}œûc7Îÿºï}Ø•Kï]@O¥Þ.ü¡÷*z•Ù•ž¤.½¿A•ï |çÏ£÷Úܺt •¹ø;2X•-ÙqÚ"•i²i;‹žœí§DÛi^ʦýY,e‰r—•ê•¾§™ök¦ýÝ´ì º z¤ä¦m•”Üt¬›¾ÛCûxi_oXѦ-¤ô•”³Í•1Âz€0÷£È‚ì @nöQòÃLß%ÓwÊ?JÏÜ‚ÜC¥Ë•JZ¿ÑB¥Ç‡ÊÎ>È•ìøqµÞ\ç|h¦ãÛ•€—~Û{:†®NzÏöcÇP‡¯ÝÃÉß~‚×oÝG×ùÛøÕÅ›xçÎ]t…à£wðÑŸÂðýý.nÞ• /6H)_ìSJ1EYü=>(ù}1EYüƒÃ yJ÷?ý3)Fƒ¤ þpƒÃ´ž<}\Iþ¾‰‘I¥aÊ”$L9Sˆ€?¤(MŒò0SœPHQ–q¥Ðo†cŠ²„˜ªPRiBUBŠ²Œ+QhBUBŠ²Ì·žÉ¼ê6’=óªOOöÌ«.Ìžùt5lÔžùs©’ùÏ|ºŽ<æ?óæ"ÿ8ßæËŒÂ7½ºñ%€O8áð‰ó•]zyÖN}k•Ó·xàÊ´Ö«T†‹†_Ýô^“€p¢ù•¶ºu [£!œ`ø¨•YSdµpΕ4À“€ÏªÿpŠÌ£ jY4ÿQ9M‚SœÄ x~ -·‡¤„Ÿv^ûÃ3a* ‡•Þq4É 'ˆ¾Åù•ªê9EŸB°EÃGmŒº9J•púO¼Ëè…`* †•F¨“Óì3à?qåKä!I'>Sà1%á„ô•)PoS1ñ©à)5 ‚•®ý©˜•±•?•ãIA „DßÚyþ£C&‰†Ï$•HA‰è?ª†”‡GòÆU8|4ÅO›p‚àÓ®õŸr]q“n’t‚á3µ•MßÔço ž áDÃGO³÷Í•xB0áToÑðá‘œp"ê›þúõ4 '>)€ö¼ ~V¨gÆõR'œšzB=øQÝ_H‰pZ¤„z*'ïzoRÂU¨ÌãùÏ?õ‘©SûÏ”„êy¶êñ…§5J•Ï?õaêþB „Óû“XO‚Öµ?I Çõ'¡Ó•È•8È$ð"±ž¡®Òk•©Ü>¡? õ€{m•!]•} ~|!)áx¨•æB…†ÐŽ/$"µñe¡âv¨Æ™Ãk—â

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1064 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Œ²ÉFð˜2 FÇâõ•¹5vÔdØóäú~Úmìzü,Ÿ¿iä@˾xóx¨-¬d•Óh$ø`hHéÐÜ‹¸ë•¹ýák΂Ì%’Í$Ù$1®îq³œU“g‡¼¼ÆÙÏlÑöçf±ýᙓ”€£¯§¿¾•]•~ F¯Ýe—x4öÛ®ö×l•’ÑF$9lVÇú%¹YöÜ\£Ý~¨/á\•ŸD¼þÂDáS!KÚñ…è•|{AÍ•õ.6Ú’d]ì°KÆ×Oç˜×–핶Ûî°:.V‹7Xm›)Óh®“Œ‹ÍrÎúšÿ‹„#ÃÇ®ÚͲÿLƒpq[´øü•yxt` æ•îËÅ6G±ÃbuT3“L™’Ùœ‘›c•qF•Ñ¹`ôÎìãK

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1065 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¼H<|¸(p}†/ Þ?š åWN'cJ(>z±æ˜;qðáü•aJ‘æJƒhø$õ-×8^$ˆ¾µóÆô"•Ð¢É* ~½«ÐJD@!ýG•)5¾$>jvi Ç•ÅmŸvÎøBš„+Rß’6—‰sÑôM•þÆ%\Â|’z‚áÃ7'©÷¨Z+ÑüG×â¤L8AõMëãSsMD}ã?ÿ-ElToÑðIH¸©r¡ô••7¾•¾Qâ3V:•«§ oì- ÿT¨ I“p‚ᣩîT„@D}kç•/¤kŽˆøLÃoT>$ˆ¾ñî•áÄÄGkTêmªhþ£nLÓò!õm²l.žVƒ*>œÿ/¤oŒˆøhÈöYÕ·vuÿtz؈«oÓ±ô•ÿÿŸiä¢á3#ïÔ•f”ÃgFèTˆç?34G<|&={Zoáügkù“ONû³ük_[¤ÄgbwRqÕ3‰>Ù•‘ð‡ë

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1066 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

BdèÃuŠ=mÇÒ•oƨÖÖFUqºmí,´?U=ætx‰EŸ;x•… £ùt¢Ð½Ôt¸éÀïמ9Ã,Jß•:ÚG½§•ýØ1¦,6ç•fŒÆþ÷ô¯3ý?¸—r„P@F•4K•‘ÀQù’G`µV;q©••\;b|N`w”õ•s—ñ˜oší›U`éž•tOk•¥w…õ´ËZ¸ì about using this dialog, click this button.IUse this pop-upþÿ à…ŸòùOh«‘+'³Ù0Е˜ô(4@ Xd ˆ”

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1067 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬¸ÀÈ'RInside Cover or Main Title Page, with Logo (add carriage return if only one line)dnsiGemini Consultinginemiemiemi Will Budreautin32lMicrosoft PowerPoint 4.0e P@Ⱥ/¦Z™÷¿@ •èî;¿@ÏÜx¯þ¼@€z-5@¿0žGþÿÿÿPICTøÿÿþ¹@@}´Q¹¸

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1068 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

}´šÿ•h}´HHÇU0}´}´••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ2å•ÿö .kwÞs½wÞw¾wÞw¾wÞw¾wÞw¾wœt"û|||||pŒ•ÿ@å•ÿþ Àþ Àþ 2Œ{þþ{ÿwÿ{ÿ{ÿwÿþ{ÿpB|||þ|||||tŒ•ÿZå•ÿö 2Œ•ÿø{ÿ{Þt"|||þ|||||pú•ÿü`ø•ÿ`û•ÿ`î•ÿ``õ•ÿþ`ô•ÿ`û•ÿ`•ÿ`ä•ÿóå•ÿ Àþ À À .Œ{þ{ÿ{ÿwÿ{ÿ{ÿwÿ{ÿwÿ{ÿ{ÿt"||||||||||tø•ÿ`•ÿ`•ÿ`•ÿ•ÿ``þ•ÿ`•ÿ`•ÿ`•ÿ``•ÿ•ÿ``•ÿ`•ÿ``•ÿ`•ÿ`•ÿ•ÿ``•ÿþ`•ÿ•ÿ``•ÿ`•ÿ`ý•ÿ`•ÿ•ÿ`•ÿ``•ÿ`•ÿ•ÿ`•ÿ``•ÿ`•ÿ`•ÿ•ÿþ`

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1069 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ÿ`•ÿ•ÿ``•ÿ`•ÿ`ì•ÿÓå•ÿö 2Œ•ÿø{ÿ{Þt"|||þ|||||pø•ÿ`•ÿ``•ÿ``•ÿ•ÿ`•ÿ•ÿ`•ÿ``•ÿ`•ÿ`•ÿ`•ÿ•ÿþ`•ÿ``•ÿ`•ÿ`•ÿ•ÿ`•ÿ•ÿ``•ÿ`•ÿ•ÿþ`•ÿ`þ•ÿþ`•ÿ`•ÿ•ÿ``•ÿ`•ÿ`•ÿ•ÿ``•ÿ`•ÿ•ÿ`•ÿ`•ÿ`•ÿ`•ÿ•ÿþ`•ÿ`í•ÿåå•ÿý Àû .Œ{þ{ÿwÿ{ÿwÿ{ÿ{ÿwÿ{ÿ{ÿ{ßpB||||||||||tø•ÿ`•ÿ`•ÿ•ÿý`þ•ÿ`•ÿ`•ÿ•ÿ`•ÿ`•ÿ`•ÿ•ÿ``•ÿ•ÿ`•ÿ•ÿ`•ÿý`•ÿ•ÿ``•ÿ`•ÿ•ÿ``•ÿ•ÿ`þ•ÿ`•ÿ`•ÿþ`•ÿ•ÿ``•ÿ`•ÿ•ÿ``•ÿ`•ÿ•ÿ`•ÿ`•ÿ`•ÿ`•ÿ•ÿ``•ÿ•ÿ`í•ÿÎå•ÿû À À 2Œ•ÿø{ÿ{Þt"|||þ|||||p!ø•ÿ`•ÿ`•ÿ•ÿ`•ÿ``þ•ÿ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1070 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

`•ÿ`•ÿ•ÿ`•ÿ`•ÿ•ÿý`•ÿ•ÿ`•ÿ•ÿ`•ÿý`•ÿ•ÿ``•ÿ•ÿý`•ÿ•ÿ`þ•ÿ`•ÿ``•ÿ``•ÿ•ÿ``•ÿ•ÿý`•ÿ•ÿþ`•ÿ`•ÿ`•ÿ•ÿý`•ÿ•ÿ`í•ÿ@å•ÿþ Àú .Œ{þ{ÿ{ÿwÿ{ÿ{ÿwÿ{ÿwÿ{ÿ{ÿtB||||||||||tŒ•ÿ8å•ÿö 2Œ•þ{ÿ{ß{Þk7J

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1071 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Vpw¼{ß{ÿ{Þt"||þ||||||pŒ•ÿkå•ÿ À À Àþ .Œ{þ{ÿ{ÝRl=e=d ¡9gwÝ{þ{ßpB||||||||||tú•ÿ`ù•ÿ`ú•ÿ``÷•ÿ`ó•ÿ`À•ÿšå•ÿö 2Œ•ÿ{Þg8V‘9F(Â(ã,ã^³{ÿ{Þt"||||||||||pú•ÿ`•ÿ`•ÿ`ý•ÿ`þ•ÿ``•ÿþ`•ÿ`•ÿ`ü•ÿ`•ÿ`•ÿ`•ÿ`•ÿ`•ÿ•ÿ``•ÿ`•ÿ`•ÿ•ÿ``•ÿ•ÿ``È•ÿšå•ÿù À .Œ{ßcXb÷Aí1&,á=ªÅJPw½{ßtB||||||||||tú•ÿ`•ÿ``•ÿ`þ•ÿ`ý•ÿ `•ÿ•ÿ``•ÿ``•ÿ`ý•ÿ`•ÿ`•ÿ``•ÿ`•ÿ``•ÿ•ÿý`•ÿ`ü•ÿ`È•ÿ å•ÿ À Àü 2Œ{þV•ZÒF

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1072 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

=Š-$äAîRsJp{Þt"||||||||||p!ú•ÿ`•ÿ`•ÿ•ÿ`þ•ÿ`•ÿ•ÿþ`•ÿ•ÿ``•ÿ`•ÿ•ÿ`ý•ÿþ`•ÿ`•ÿ•ÿ`•ÿý`•ÿ`•ÿ`•ÿ`þ•ÿþ`È•ÿ–å•ÿö 2l{þJ•c76K2 =ê5¨NPRÒfõ{ßtB||||||||||tú•ÿ`•ÿ`•ÿ•ÿ`þ•ÿû`•ÿ•ÿ``•ÿ`•ÿ•ÿ`þ•ÿ`þ•ÿ``•ÿ•ÿ`•ÿ`•ÿ``•ÿ`•ÿ`•ÿ•ÿ``•ÿþ`È•ÿHå•ÿþ Àþ À À2Œ{þw›VÒRµJNE§>0RÓRn{Þ{Þt"||||||||||pŒ•ÿ:å•ÿö 2Œ{þ{ÿgYJmB.=©6fÒs½{ÿ{ÿpB||||||||||tŒ•ÿEå•ÿ À Àü 2Œ{ÿ{ÿ{þwÞgY^÷wÞþ{ÿ{Þt"||||||||||p!Œ•ÿ2å•ÿú Àþ 2Œ{þø{ÿ{ßtB||||||||||tŒ•ÿ>å•ÿö 2Œþ{ÿwÿ{ÿwÿ{ÿwÿ{ÿ{ÿ{Þt"||||||||||pú•ÿ•÷•ÿ9å•ÿ À Àü 2Œ{þø{ÿ{ßpB||||||||||tŒ•ÿ>å•ÿú Àþ 2Œ{þþ{ÿwÿ{ÿ{ÿwÿ{ÿ{ÿ{Þt"||||||||||p!Œ•ÿ.å•ÿö 2Œ{þ{ÿwÿù{ÿtB||||||||||tŒ•ÿCå•ÿ À Àý À 2Œü{ÿwÿ{ÿ{ÿwÿ{ÿ{Þt"||||||||||pŒ•ÿ`å•ÿú Àþ .kw½w½w¾s½w¾s½w¾s½w¾s½w½pBx||||||||xpú•ÿ|•ÿ|ü•ÿ|û•ÿ||÷•ÿ||°•ÿ*»•ÿü|•ÿü|•ÿ||•ÿ•ÿ|•ÿú|•ÿ•ÿ||°•ÿ0»•ÿ||•ÿ||•ÿü|•ÿ||•ÿ•ÿ|•ÿû|þ•ÿ||°•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ6»•ÿþ

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1073 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

•ÿ•ÿ•ÿ•ÿ•ÿ•ÿþ •ÿ•ÿ•ÿ•ÿ•ÿ••ÿ2»•ÿú•ÿ•ÿ•ÿ•ÿ•ÿ•ÿý•ÿ•ÿ•ÿ°•ÿ••ÿÍ•ÿ••ÿÍ•ÿŠ»•ÿû•ÿù•ÿ•ÿ•ÿ•ÿ•ÿ•ÿ•ÿþþ•ÿ •ÿ•ÿ•ÿ•ÿþ•ÿ•ÿ•ÿþ•ÿ•ÿ•ÿþ•ÿýþ•ÿ•ÿþ•ÿ•ÿ•ÿ•ÿþë•ÿ~»•ÿ•ÿ•ÿþ•ÿù •ÿ•ÿ•ÿ•ÿ•ÿý•ÿü•ÿþ•ÿ•ÿü•ÿ•ÿú•ÿ•ÿú•ÿ•ÿ•ÿþ•ÿ•ÿ•ÿ•ÿûî•ÿ§•ÿè•ÿ•ÿ•ÿì•ÿÛ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ0»•ÿ•ÿ•ÿ•ÿ•ÿü•ÿþ•ÿ•ÿü¯•ÿ1¹•ÿ •ÿ•ÿ•ÿ•ÿü•ÿþ•ÿ•ÿ®•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿ••ÿÍ•ÿÿDocumentSummaryInformation8ÿÿÿÿÿÿÿÿÿÿÿÿËCurrent Userÿÿÿÿÿÿÿÿÿÿÿÿ,ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿþÿ ÕÍÕœ.“—+,ù®0€ˆœ¤¬´ ¼ ÄÌÔÜäì ô•' A4 Paperrnq…

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1074 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

¬Times New RomanArialTimes02-Shop e.g. doc.s.The Information Revolution in Latin America 2Consumer portals in Mexico - the case of InfoselfInfosel was one of the very first Latin American online companies, and was well positioned to succeedOInfosel raced into pole position as MexicoÕs leading consumer internet companyOIn July 1999, Infosel formed a major joint venture with Telefonica InteractivaVNumerous other portals competed with Infosel for the Mexican consumer internet marketcPerhaps it seems obvious in retrospect that Infosel would be swallowed by its larger partner . . .ZInfosel will remain as a subsidiary within the wider Terra Networks internet conglomerateUThis story highlights some important lessons about success on the internet in Mexico`The internet in Mexico is poised to take off, but the government should work to make it happen:Fonts UsedDesign TemplateEmbedded OLE Servers

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1075 of 1076) [12/16/1999 11:39:25 AM] http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1

Slide Titles ö$_À‘ã ËôWill Budreau

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/LatInternet final.ppt 1 (1076 of 1076) [12/16/1999 11:39:25 AM] Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge opportunity to exploit the internet further Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge opportunity to exploit the internet further

12/6/99

Click here to start

Table of Contents Author: Will Budreau Email: [email protected] Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge Home Page: opportunity to exploit the internet further http://www.stanford.edu/~binain/mexico/ Telecom Infrastructure: Mexico has some Download presentation source modern telecom infrastructure but still trails other Latin American countries in scale Government Policies: All of Latin America is underdeveloped in terms of Internet regulations. Education: Mexico’s education system is adapting faster than most countries to the demands of the internet economy Financing Sources: Proximity to the US and NAFTA membership give Mexico a financing edge over other Latin American countries E-commerce: Still, E-commerce has been very slow to take off in Mexico

http://www.stanford.edu/~binain/mexico/conclusions/comparison/index.htm [12/16/1999 11:39:26 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico Reasons Favoring Internet and Ecommerce development in Mexico and Latin America

I. Growth in E-commerce revenue for the region II. Proliferation of PCs, laptops and peripherals. III. Internet growth and Internet application development. IV. Growth in demand for corporate IT solutions. V. Growth in data communications services. VI. Potential to target a larger market because of common language. VII. IT experts expect business to business E-commerce to take off soon VIII. Latin American Internet projects are beginning to attract investment.

I. Growth in E-commerce revenue for the region.

Spending on Web commerce in Latin America reached $167 million in 1998, an increase of over 361% from the prior year. As the region begins to show signs of economic recovery, IDC expects Latin America to have an average compound annual growth rate of 117% in Web spending between 1998 and 2003. Total E-commerce revenue is expected to surpass the $8 billion mark by 2003 for the region. Further according to Forrester Research, Internet advertising in Latin America was $20 million in 1998 and is expected to reach $230 million by 2001, showing the anticipated growth potential in E-commerce for the region as businesses try to reach new target markets. Mexican E-commerce revenue is expected to have aggressive growth as well, growing from $6 million in 1997 to $2 billion in 2003 (IDC).

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (1 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico

The boom in Internet usage in Latin America led this surge in Web commerce as Internet users have experimented with online purchasing of books, CDs and travel and financial services, most of which were purchased from foreign web sites. IDC estimates that nearly 75% of all money spent over the Web in Latin America went overseas, primarily to the U.S. There are four primary reasons for this. First, few local companies offer opportunities to purchase over the Web and those that do offer limited selection. Second, executing a credit card transaction in Latin America is difficult given bank reluctance to authorize online purchases. Third, users recognize that they can often purchase goods more cheaply through North America than locally. Finally, the delivery system in Latin America is generally unreliable and slow.

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (2 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico II. Proliferation of PCs, laptops and peripherals.

The proliferation of PCs and laptops within Latin America, a key component in developing the Internet, influences demand for E-commerce. IDC estimates that unit growth for 1998 reached 1.5% despite the economic troubles in the region and projects that PC and laptop unit growth will be 8.5% in 1999 for all of Latin America and 21.0% in Mexico. The growth will be driven by corporate IT deployments and the Internet.

III. Internet growth and Internet application development.

Latin America has become the fastest growing Internet region in the world, outpacing the global pace by a factor of 4 to 1. However, at present, fewer than 3.5% of the world’s Internet users are located in the region, which had approximately 2.5 million active accounts and an overall penetration rate of .56% at the end of 1998 (Yankee Group, December 1998).The region, however, accounts for 6.6% of global GDP The Yankee Group projects a CAGR of 87.4% in active Internet accounts through 2002, bringing the total number of accounts in Latin America to 26 million with a penetration rate of 5.0% by the end of the period. Assuming that the region maintains its existing ratio of users per account of 2.5:1, total users will grow to 65 million with an actual user penetration rate of 15.0%. Though tariffs are expected to decline over the next few years, with Mexico taking a step in this direction with COFETEL limiting the Telmex’s local calling rate increases. Internet access revenues are forecasted to reach $6 billion by the end of 2002 the region.

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (3 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico 1997 1998 1999 2000 2001 2002 Total Accounts Latin 1.14 2.51 3.77 6.55 13.19 23.38 America (in millions) Penetration Rate .26% .56% .82% 1.45% 2.76% 5.41%

Source: The Yankee Group, December 1998

IV. Growth in demand for corporate IT solutions.

The overall IT services market in Latin America grew by a healthy 14.8% between 1997-1998 to reach U.S. $8.45 billion. According to a study published by IDC, this market will grow to over $13.9 billion by 2002. The most significant area of growth is in systems integration which is expected to grow from US$1.3 billion in 1998 to US$2.6 billion in 2002. This is followed by processing services, hardware support and installation, IS outsourcing, and packaged software support and installation. IDC suggests that services spending increases reflect the overall maturation of Latin America's IT market and users increasing demands for total solutions. Further, IT vendors are developing highly specialized services divisions to cater to users' varied technological and vertical market needs. At this point, however IT services spending is heavily concentrated in two vertical markets: banking/financial services and manufacturing. Together they represent nearly half of total IT services spending. ● Enterprise resource planning solutions (ERP). In general, ERP solutions allow companies to better manage, track and run their businesses. This market in Mexico has been growing significantly. Three components will drive short-term ERP implementations in Latin America: ● Companies will want these solutions as a result of continued PC proliferation, which facilitates the automation of tasks and encourages information sharing across corporate functional groups. ● Those that develop and implement ERP strategies are beginning to offer lower priced solutions

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (4 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico targeting small and medium sized businesses. ● The influence of the US on Mexico’s economy drives ERP demand as many subsidiaries of foreign companies deploy these systems to communicate with headquarters and local Mexican companies find ERP solutions useful when doing business with foreign customers and suppliers. ● Use of the Internet Protocol as a medium through which to develop Internet applications for corporate enterprises and deliver new data communications services to customers. As ERP and enterprise software markets continue to evolve, there will be a growing requirement for software vendors and integrators to adapt products to the Internet and use them as a development platform for customization. This platform will enable an IT manager to easily tailor a desktop specifically to an employee with the applications and information available to accomplish daily objectives. The Internet facilitates the maintenance and deployment of these solutions. V. Growth in data communications services.

The 1990s have been a period of significant growth and technical evolution in the Latin American data communications markets. Though growth was still impressive during 1998, the impact of the financial crises that began in Asia and spread to Latin America slowed network infrastructure deployments during the year, but many expect a resurgence of network buildouts as the region’s economy recovers. As a result of these new IT implementations, Dataquest forecasts that revenue for data communications services in Latin America will grow 30% annually to a level of nearly US$9 billion by 2003 (80% probability). Value-added services will continue to evolve to become a key element of the Latin American telecommunications market, however, acceptance of newer technologies will lag the acceptance rate in developed countries by two to three years (90% probability). Mexican telecommunication deregulation will further spur demand for data communications services domestically through increased competition and lower prices. Increased competition will require service providers to offer more advanced and bundled data communications products at a lower cost to remain competitive and hopefully spark demand for IT services. As demand continues to grow for IT services, service providers will begin to offer new and more sophisticated services, such as virtual private networks (VPNs), web hosting, e-commerce site outsourcing and Voice over IP. These public services deliver advanced IT solutions with many of the capabilities and benefits of a dedicated private network without encumbering the customer with the technical management of their operation. Thus, many customers in Latin America that prefer to have solutions tailored to their special needs could take the route of the public network to achieve their goals. Dataquest predicts that Latin American demand for outsourced network services will emerge in the next few years because it is cost-effective, especially when a company needs to link many worldwide sites together, and permits the outsourcing of network management.

Table 1. Revenue for Data Communications Service Providers, 1996-2002 (Millions of US$)

CAGR (%) CAGR (%) 1996 1997 1998 1999 2000 2001 2002 1996-97 1998-02 Argentina 109.2 150.0 198.0 263.3 352.9 476.4 643.1 37 34

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (5 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico

Brazil 1,114.9 1,101.1 1,376.4 1,720.5 2,150.6 2,688.2 3,360.3 -1 25 Chile 65.0 75.0 93.8 117.2 146.5 183.1 228.9 15 25 Colombia 182.0 203.0 227.4 261.5 300.7 345.8 397.7 12 15 Mexico 258.5 349.6 472.0 637.1 860.1 1,161.2 1,567.6 35 35 Total Latin 1,888.6 2,073.3 2,603.9 3,288.9 4,167.2 5,296.7 6,748.4 10 27 America

Source: Dataquest (April 1998) VI. Potential to target a larger market because of common language.

Though many criticize the business models of the Spanish language Internet portals such as StarMedia, Terra Networks, UOL and El Sitio for not having enough local content for each Latin American country, there is significant upside to their current approach to the business in the short term. While we do recognize that substantial differences exist between citizens of Spanish speaking nations and that viewing these countries as a homogenous market is impractical, first to market ideas can take advantage of the lack of Spanish product offerings and have the opportunity to establish a brand name for themselves in the Spanish speaking community. As its middle class develops and begins to access the Web, few of these potential customers speak or read in English, however, they are beginning to have disposable income and spending patterns suggesting that they are less conservative with their purchasing decisions than many wealthy Mexicans. At this time, these Mexicans have little incentive to overcome the technological and financial issues that accompany Web access because they will have difficulty researching topics and making purchases. VII. Systems integrators and service providers expect business to business E-commerce to enter lift off phase within the next 6 to 12 months and B2C within 12 to 18 months.

The most rapid growth opportunities in Mexican E-commerce are in the B2B sector. Systems integrators such as believe that demand for these types of solutions will enter the lift off phase in the next 6 to 12 months while the retail market is between one and two years away. Many foreign multinationals and large Mexican corporates are beginning to extend their existing B2B E-commerce strategies to Latin America, especially those companies that need to communicate with the home office abroad or those companies that do significant business with the U.S. These companies are working on solutions to improve customer relations by developing E-commerce sites and then connecting these sites to legacy systems, which will permit online sales and provide up to date information on product availability and delivery status. Overall, service providers, systems integrators, entrepreneurs and foreign MNCs are

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (6 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico creating demand for E-commerce solutions by educating other companies on the benefits of developing an Internet strategy.

VIII. Latin American Internet projects are beginning to attract investment.

Over the course of the last year, many foreign investors, both financial and strategic, have identified and invested in Internet opportunities in Latin America, thus helping to proliferate the Internet in the region and legitimize many of the E-commerce business models emanating from it. StarMedia led the pack and its success launched a wave of private equity investing in Latin America at impressive valuations. Many of these investors who focus exclusively on Latin America missed the enormous profit making opportunities in the U.S. Internet market. However, these funds are hoping to get their piece of the action as many believe Internet development in Latin America is similar to the level of U.S. development 3 or 4 years ago. New funds, such as the $15 million Explorador Capital fund, focus exclusively on Internet opportunities in Latin America in an effort to capitalize on this potential. We are just at the beginning of this frenzy and we predict that investors will continue to find this space attractive for the next couple of years. Strategic investors are also very interested in the region. StarMedia has already made four acquisitions to strengthen its local presence in individual countries, Further, Terra Networks created a joint venture with Spanish portal Ole! and purchased Mexican portal Infosel, Euromoney purchased an 80% stake in Internet Securities for $43 million in January 1999, Thomson Financial Group purchased Porvenir, AOL Latin America swapped shares with Big Entertainment, and Sony Entertainment took an equity stake in Yupi.com. We can expect more industry leaders to begin looking for opportunities in Latin America to gain a presence in the region, expand their target market, complement their existing business model and leverage the expertise they have acquired. Local companies such as TV Azteca have also been active in investing in Internet projects and earlier this year launched the Mexican portal Todito.com.

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (7 of 8) [12/16/1999 11:39:29 AM] Reasons for Optimism for Internet and Ecommerce development in Mexico Back to the Overview

http://www.stanford.edu/~binain/mexico/conclusions/mexicopos.html (8 of 8) [12/16/1999 11:39:29 AM] Risks to Continued Development Risks to Continued Development

I. Still lacking local content II. Expensive services and telecommunications infrastructure III. Consumer culture issues IV. Business Culture issues V. Few local investors to provide funding for entrepreneurs VI. A disconnect between entrepreneurs and sources of foreign financing VII. Lack of credit card clearing system VIII. Unfavorable Economic Demographics I. Still lacking local content.

Emarketer estimates that 72% of total web sites are in English and that 92% of all e-commerce is generated through U.S. web sites, which implies there is a significant void of Spanish language content. As a result, middle-class, non-English speaking Mexicans are eliminated from becoming potential Web purchasers. The lack of local content is a major reason why Internet proliferation has been slow in Mexico and Latin America. To demonstrate the demand for Spanish language content, Latin Trade magazine noted that some vendors in the U.S. like Charlesschwab.com and CDnow.com have as much traffic in Spanish as they do in English, indicating a severe void in Spanish content. StarMedia, El Sitio, Terra Networks, Yahoo! and other portals that focus on Latin America are beginning to change the situation, however, many critics of these blanket approaches to the region argue that offering services to the generic Spanish speaking community does not meet local content requirements addressing the differences in language and interests between Spanish speaking countries. Further, when using any one of these portals, one realizes just how little Spanish language content is available. Searches often turn up a very limited amount of information. II. Expensive services and telecommunications infrastructure.

As mentioned previously, the cost of using the Internet in Mexico is very expensive relative to industrialized nation standards. In Mexico, not only does a user pay a monthly rate to an ISP, customers also pay a per minute cost to the local phone company for connection time. While the monthly connection fee is very comparable to U.S. standards, the per minute charges can be twice as much the monthly fee. BCG estimates the total cost for a user in the United States who connects to the Internet 20 times per week is approximately US$42 per month. In Mexico the corresponding amount is US$54, while Brazilian users pay US$83, and Argentine users US$112. In Brazil, 7% of the households are connected to the Internet, but BCG estimates this figure would rise by 10% if Internet connection costs decreased to US levels. Argentina’s connected households would increase to 23% from 16% and in Chile 32% of the households would be connected instead of the current 20%.

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (1 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development Besides the cost, the process of provisioning private data communications lines and other services is fraught with frustration because of the problems with capacity and infrastructure in the last mile. Customers in Latin America will have to realize that there will be delays in getting permits and in the provisioning of data lines. However, even if the service provider was to solve the last mile issues, there is another factor that effects Internet performance. Because most Latin American ISPs are connected to the Internet backbone via satellite uplink, a customer with a dedicated digital high-speed line connecting directly to a service provider could still experience poor performance during peak traffic hours, as all the users must share the satellite’s bandwidth. Additionally, although many service providers project offering value added services such as web hosting, maintenance of the back end of an e-commerce site, VPNs and VoIP services, which are solutions that enable the customer to implement a sophisticated IT and Web commerce strategy without having to maintain an internal network, no service providers actually offer these types of products. Mexico is trying to address its access cost issues by limiting the amount of annual price increases per year for Telmex to 95.5% of the inflation rate and also by encouraging other telecommunications competitors to enter the Internet market, although Telmex controls nearly 75% of the Internet user market. III. Consumer culture issues

In interviews with consumers, one theme continued to surface, there is an extreme and inherent distrust of the general commerce system. Poor levels of customer service in Mexico fuel this distrust. Most retailers, for example, have very inflexible merchandise return policies, if they have them at all. Because of the distrust of the system and lack of customer service, consumers prefer paying for purchases in person to insure satisfaction with product selection and delivery. As a result, customers are highly skeptical of the security of online payment systems. The inability to return unseen merchandise purchased over the Internet and the lack of consumer protection against fraud or non-delivery means Mexicans consider purchasing via the Internet an inherently risky business. With respect to security for online transactions we believe it is primarily a marketing issue that needs to be addressed and will be overtime. In addition to distrust issues, the country is still very entertained by the whole mall experience. Visiting any major Mexican shopping mall on any weekend and it is easy to understand the value of the mall as a social experience. For example, market research firms estimate that during the weekend one in six visitors to the mall in Latin America will be holding a shopping bag. The remaining "mall rats" meet up with friends, enjoy their families, eat and window shop. IV. Business Culture issues

The ability to capitalize on an E-commerce business model requires new management and organizational skills within the firm and an appropriate regulatory regime and technological infrastructure in the firm’s trading environment. Further, implementing an E-commerce strategy requires a more complex vertical value added chain of relationships for companies. This new system needs to support not only commercial transactions, but also a new level of customer service, as pre-and post-sale relationships become more important under this business model. These new forms of doing business require a transformation in

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (2 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development traditional operations, which includes redefining products, processes, and customer and supplier relationships. The management skills required for this new E-commerce business culture include a strong knowledge of one’s industry, target market and competition, the ability to align IT strategies with the firm’s overall strategy, and the ability and creativity to coordinate an e-commerce program with the company´s sales and marketing strategy. Additionally, the company needs the technological base to handle online inquiries and transactions and a clear understanding of legal impact of E-commerce on the vender and consumer. Currently, most Mexican companies are not prepared to implement the changes required for a successful E-commerce strategy. In general, Mexico has a traditional business culture that does not place a high value on market responsiveness or customer service, thus they have been reluctant to change their business model and embrace advanced technological solutions. Additionally, companies have not been proactive about considering how technological change will effect their business. Frequently, they do not see the competitive connection between a foreign company selling a similar product on the Web and their local company in Mexico City. BCG consulting just released a report highlighting this point and estimated that Latin American retailers would sell $77 million over the Web to local customers in 1999 while U.S. retailers will sell over $90 million to Latin Americans. BCG also said that U.S. sites frequently offer a wider selection of goods at a lower price, which threatens the business potential of E-commerce opportunities in Latin America. Besides lacking a strong customer service orientation, many companies have been slow to adopt IT infrastructures to automate business procedures because many Mexican companies are still extremely price sensitive and feel the costs associated with a network buildout are too high given the perceived benefits. Overall, networking technology and solutions are still relatively new to Mexico and Latin America in general and many organizations do not understand the impact a sophisticated IT and E-commerce strategy will have on their business. To date most Mexican companies use the web to inexpensively and effectively introduce themselves to potential clients, answer customer inquiries and attract new business opportunities. As a result, very few sites have transaction processing capabilities. Because many firms simply use the Internet to communicate with clients and continue to do business with customers in traditional ways, the full benefits of E-commerce are not realized. Additionally, Mexico is divided in terms of its Internet development because its northern states in Mexico, whose business practices are heavily influenced by US, are more sophisticated in terms of ecommerce and the Internet that many other businesses in the south. V. Few local investors to provide funding for entrepreneurs.

At present, there are very few sources of local capital willing to bet on entrepreneurs in the early adopter phase of Internet development mainly because these investors do not understand the investment model for Internet companies, the technology or the valuations. Further, because of Mexico’s institutional investor base and lack of capital markets instruments available to the private sector, few if any of these dollars finance start up companies. What pension funds do exist, for example, are generally very conservative in terms investment vehicles and in many cases are legally constrained from taking direct

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (3 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development positions in private companies. Further, the return requirements for institutional investors tend to promote a homogenous asset base. Capital market instruments are also completely inaccessible for Mexican start-ups as the market for IPOs has about dried up because of the economic difficulties and the equities market lacks the infrastructure to develop a U.S. type IPO model for technology and Internet opportunities. Mexico is beginning to see the emergence of private equity funds that pool resources from local investors, however, much of this capital funds later stage companies outside of the telecommunications sector. At this point the majority of dollars spent on either the Internet infrastructure or Internet businesses comes from large Mexican corporations in the telecom and media space, such as Telmex, Avantel or TV Azteca (Todito.com). VI. A disconnect between entrepreneurs and sources of foreign financing.

Besides a shortage of local investment capital, technology and Internet opportunities in Mexico have not attracted the attention of foreign financial or strategic investors until very recently. Further, these new ventures and sources of foreign funding have difficulty finding each other and many Internet start-ups in Latin America do not understand how to package themselves to attract foreign capital. When interviewing entrepreneurs we found that few if any had formal business plans, did not understand the financial forecasting process and did not realize the importance building out an infrastructure and management team had on the investment decision process. Additionally, most of these firms did not know where to obtain this type of advice. Although we were able to find three companies in varying stages of the financing process that have been able to attract the attention of credible U.S. Latin American private equity funds, these companies are the exception rather than the rule. These companies had consultants who understood the U.S. financing model and who helped them prepare solid business plans and management for the marketing process. VII. Lack of credit card clearing system

Many argue that the bank clearing issues are the major stumbling block prohibiting the take off of E-commerce in Mexico and Latin America. While it will be important and will become a larger issue as the volume of E-commerce transactions grows, we do not believe that it is the primary reason for Mexico’s lack of E-commerce activity. Further, the Mexican credit card clearing house is working hard to solve the issue. Currently, there are no legal restrictions that prevent the banks from authorizing payments on line. The main problem is that the member banks of the credit card clearing house, are very consumed with fraud prevention and these banks do not have a set policy on credit card fraud. In cases where the merchant committed an error, which could mean not checking the ID of the customer, the signature on the card or that the customer put its ID number on the receipt, the clearing house is then authorized to withhold payment from the merchant and therefore the merchant bares much of the transaction risk. In cases where the merchant has not committed an error, the bank decides whether it will pay the charge or make the customer responsible. The importance of the customer relationship to the bank has a significant

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (4 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development correlation with which fraudulent charges get paid. In an effort to limit online transaction fraud many Latin American banks are evaluating two different types of payment methods, each which uses a different encryption protocol. The first solution, the SSL protocol, is widely used in the U.S. and provides point to point channel encryption, but in no way validates the people on either end of a transaction are who they sat they are, thus allowing for fraud. The second, the SET protocol is based on the emission of a digital certificate, which the bank will issue to cardholders for installation on their PC. The clearinghouse handles the distribution to and setting up of the merchants with their digital certificates. SET permits the consumer and the vender to exchange all information necessary for a transaction except for credit card numbers. At the time of purchase, the customer’s digital certificate forwards its credit card information to the clearing house and the merchant’s certificate forwards the payment instructions. At that point the clearinghouse authorizes the credit card purchase and forwards these authorizations to the merchant. With the infrastructure in place, all the customer needs to do to initiate a transaction is open its "wallet", select the items it wants to purchase from a web page and wait for authorization.

Though SET offers better security it is difficult to implement and more expensive than an SSL solution. There also are significant logistical issues with distributing digital signatures to all parties of an Internet transaction. Further, because the digital certificate software is installed on a PC, the purchaser can not buy from anywhere, only from the PC with its certificate. Recently, Visa International initiated Secure Electronic Transaction (SET) pilot programs in Brazil, Mexico, Peru and Venezuela. In Mexico, Visa is implementing the SET protocol with banks such as Citibank, Banamex, Bancomer, Bital and SBanorte and the Mexican credit card clearing house. Many had expected a solution to the Internet payment issues before the end of 1999, but given the recent release of Visa’s online program in Brazil, Mexico will have to wait at least until the first quarter of 2000 for a solution. VIII. Unfavorable Economic Demographics

Internet user demographics in Mexico are no different than other Latin American countries. For example, the typical user is a university graduate between that ages of 21 and 40. Further, the concentration of income in the upper classes and the relatively low per capita wages for the remainder of the population

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (5 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development put the average Mexican at a disadvantage in terms of Internet access. The distribution of income in Mexico and Latin America is a major issue leading to the slow adoption of the Internet to date and these same issues pose a threat to future Internet and ecommerce development.

Comparing Mexican demographics to those of other LAC countries shows why Mexico has lagged its regional counterparts when many would expect it to be leading Internet development, given its proximity to the US and US impact on Mexican business. Mexico has the second largest population in Latin America and other than Brazil it is the only country who could capitalize on the economy of scale benefits of ecommerce for the domestic market, however, it only has 50 retail sites, according to BCG. Other LAC countries have to go after the pan regional business model to achieve these benefits, which means penetrating foreign markets.

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (6 of 7) [12/16/1999 11:39:31 AM] Risks to Continued Development

The distribution of income is another factor has and will continue to hamper the growth of the Internet in Latin America. Mexico has a smaller percentage of its population in the A class and a disproportionate percentage of the population in the D class relative to other LAC nations. Further the population of A class (1.6%) had 71% of the purchasing power in 1998 while the B,C and D classes earned 19%, 8% and 2%, respectively. In the case of Mexico almost 90% of the population can not afford and Internet connection.

Back to the Overview

http://www.stanford.edu/~binain/mexico/conclusions/mexiconeg.html (7 of 7) [12/16/1999 11:39:31 AM] Concluding Remarks on Mexico The internet in Mexico is poised to take off, but the government should work to make it happen:

People:

Mexico has comparatively very good education and, as a result, a large supply of talent that happens to be relatively inexpensive. THEREFORE It needs to make better use of this resource, and to accelerate IT investment for schools and universities. Laws and Policies:

Mexico's federal legal system is not yet well equipped to effectively foster internet usage and e-commerce. However, there are some "bright spots" in particular states, and Mexico's membership of NAFTA and its recent agreements with the European Community (EC) enables it to easily adopt many international practices as the standard. THEREFORE Mexico must move fast to develop policies at a national level, and accelerate deregulation to encourage competition, especially in the telecommunications sector. It should do more to leverage its NAFTA membership and EC agreements to implement NAFTA and EC rules at home. Capital:

NAFTA membership and proximity to the US mean that Mexico is better placed than other Latin American countries to benefit from access to US capital. However the high interest rates in Mexico have often discouraged major capital investment in recent years. THEREFORE Mexico should focus on policies to control interest rates in order to encourage more capital investment. It should also more actively promote schemes to link Mexican entrepreneurs with US capital. Infrastructure:

There is a big gap here for Mexico — Mexico has some good infrastructure but has fallen behind many other Latin American countries in establishing a robust telecommunications infrastructure on an appropriate scale. THEREFORE

http://www.stanford.edu/~binain/mexico/conclusions/conclusion.html (1 of 2) [12/16/1999 11:39:32 AM] Concluding Remarks on Mexico Mexico should encourage more investment in telecommunications infrastructure, either directly, or (better) indirectly through deregulating competition in the telecomms sector, and controlling interest rates, and encouraging more Joint Ventures between Mexican companies and large US companies. Back to the Overview

http://www.stanford.edu/~binain/mexico/conclusions/conclusion.html (2 of 2) [12/16/1999 11:39:32 AM] Table of Contents Special Section: E-Commerce in Mexico and Latin America

E-commerce Overview Presentation: E-commerce Industry Study: Service Providers and systems Integrators Industry Study: Retailing Industry Study: Financial Services Industry Study: Portals Presentation: Infosel

return to main menu

http://www.stanford.edu/~binain/mexico/menuec.html [12/16/1999 11:39:32 AM] Mexico & Technology Links Links to other Internet resources

General Mexico Information: ● CONSULATE GENERAL OF MEXICO in Sacramento, CA PORTAL SITE ADDRESS LANGUAGE Adnet http://www.adnet.com.mx S

Blomberg Negocios http://www.bloomberg.com/negocios E,S

Cadê? http://www.cade.com.br P

Ciudad Futura http://www.ciudadfutura.com S

Consejero http://consejero.com S

EHOLA http://ehola.com E,S,P

El Sitio http://www.elsitio.com S,P

Infosel http://www.infosel.com S

Internetcom http://internetcom.com.br P

LatinoBeat http://www.latinobeat.com

Latino Link http://www.latinolink.com E, S

Latino Web http://www.latinoweb.com E

Mandic http://www.mandic.com.br P

NETBrasil http://server.netbrasil.com.br P

¡Olé! http://www.ole.es S

Overne! http://www.overne.com E,S

Picosito http://www.picosito.com/main_en.html E,S

Portal Network http://www.portalecuador.com S

QuePasa http://www.quepasa.com E,S

Starmedia http://www.starmedia.com S,P

http://www.stanford.edu/~binain/mexico/links.html (1 of 2) [12/16/1999 11:39:33 AM] Mexico & Technology Links

Universo Online http://www.uol.com.br P

Yahoo! En Español http://espanol.yahoo.com S

Yupi http://www.yupi.com

Zaz http://www.zaz.com.br P

Zeek! http://www.zeek.com.br P

Zip Net http://zipnet.com.br P

Source: Merrill Lynch Back to the Overview

http://www.stanford.edu/~binain/mexico/links.html (2 of 2) [12/16/1999 11:39:33 AM] Visitor's Page Please leave your feedback and insights

Your name:

E-mail:

Organization: Comments:

The visitors' comments.

http://www.stanford.edu/~binain/mexico/visitors.fft [12/16/1999 11:39:33 AM] Consumer portals in Mexico - the case of Infosel Consumer portals in Mexico - the case of Infosel

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld002.htm [12/16/1999 11:39:34 AM] The Information Revolution in Latin America The Information Revolution in Latin America

Mexico Team II CS377c / CLAS194 Will Budreau, Bernardo Naranjo, Simon Morris, Lisa Marino 1st December 1999

Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld001.htm [12/16/1999 11:39:34 AM] This story highlights some important lessons about success on the internet in Mexico This story highlights some important lessons about success on the internet in Mexico

● Those who get there early are well placed for the future

❍ Especially if you can invest in many different areas without losing focus

● There are many many competitors emerging in the space, and a large percentage of them won’t stay intact

❍ The ones that are both smart and lucky will probably go the way of Infosel ❍ There are likely to be many failed businesses

● The Latin internet is quickly becoming dominated by major emerging conglomerates (far faster than this happened in the US)

❍ Terra Networks / Yahoo! / StarMedia / Yupi ❍ The window of opportunity for Latin American entrepreneurs may be closing rapidly

● We expect business stragegies based on a multi-domestic approach to conserve cultural identities, at least to a point

❍ There will always be a local media industry (whether local TV/Radio/Newspaper) which will support local content ❍ Internet users will always demand this content which in turn will perpetuate the culture it represents PORTALS IN MEXICO - INFOSEL

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld009.htm (1 of 2) [12/16/1999 11:39:35 AM] This story highlights some important lessons about success on the internet in Mexico

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld009.htm (2 of 2) [12/16/1999 11:39:35 AM] Infosel raced into pole position as Mexico’s leading consumer internet company Infosel raced into pole position as Mexico’s leading consumer internet company

● Dial-up internet access

● Search engine

● Community features - e-mail, chat-rooms, discussion forums, classifieds

● Content through Grupo Reforma family of newspapers

❍ 7 national and regional papers ❍ Mexico’s “most influential media group”

● Grouped around traditional categories:

❍ News / Sport / Entertainment / Health

● Business-to-consumer e-commerce

❍ Online financial services ❍ Company store-fronts

● By various accounts Mexico’s #1 or #2 ISP (vs. Telmex/Prodigy)

PORTALS IN MEXICO - INFOSEL And this was just the consumer side of the business... THE CONSUMER-FOCUSED SERVICES:

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld004.htm (1 of 2) [12/16/1999 11:39:36 AM] Infosel raced into pole position as Mexico’s leading consumer internet company

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld004.htm (2 of 2) [12/16/1999 11:39:36 AM] In July 1999, Infosel formed a major joint venture with Telefonica Interactiva In July 1999, Infosel formed a major joint venture with Telefonica Interactiva

● The objective was to combine the international content of Telefonica Interactiva with the products and services (and client base) of Infosel

● This was part of a wider strategy being executed by Telefonica Interactiva

❍ Build links with internet services throughout the Latin world: ❍ Ole in Spain; ZAZ in Brazil; GauchoNet and Donde in Argentina ❍ Infosel in Mexico! ❍ Network would be based on family similarities in the service, but fully local content ❍ Rather than pan-regional, it would build a multi-local confederation of services

● Infosel’s internet business had experienced accelerating growth . . .

● . . . but also accelerating losses, to compete with the new incumbents

Partnership with a powerful competitor was Infosel’s response to an increasingly competitive market PORTALS IN MEXICO - INFOSEL

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld005.htm [12/16/1999 11:39:36 AM] Numerous other portals competed with Infosel for the Mexican consumer internet market Numerous other portals competed with Infosel for the Mexican consumer internet market

Each competitor had an “angle”, each had money, and each was chasing the same group as Infosel StarMedia Yahoo! Mexico Yupi.com El Sitio ehola.com UOL todito.com Adnet To2.com The Americans: The Latins: The Mexicans: PORTALS IN MEXICO - INFOSEL

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld006.htm [12/16/1999 11:39:37 AM] Perhaps it seems obvious in retrospect that Infosel would be swallowed by its larger partner . . . Perhaps it seems obvious in retrospect that Infosel would be swallowed by its larger partner . . .

. . . although Grupo Reforma made a very tidy profit - $60 million in cash and around $440 million in Terra Networks stock! TELEFONICA DE ESPANA PORTALS IN MEXICO - INFOSEL The partner turned predator: Terra Networks (previously Telefonica Interactiva) acquired 100% of Infosel in October 1999

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld007.htm [12/16/1999 11:39:37 AM] Infosel will remain as a subsidiary within the wider Terra Networks internet conglomerate Infosel will remain as a subsidiary within the wider Terra Networks internet conglomerate

● Terra Networks is aiming to develop a major portfolio of internet services and sites

❍ Internet Access via major ISPs in Mexico, Brazil, Spain, Argentina and Chile ❍ Portal sites serving each of these countries separately ❍ Local content arrangements ❍ Local branding ❍ Global technology management and development

● The multi-domestic approach may be the best one to combine the scale of the internet with the local demands of national populations

● The deep pockets of Telefonica de Espana and Terra’s broad portfolio make Terra Networks a formidable competitor

What’s more, the market agrees - Terra’s market value trebled to $9.7 billion on its market debut! PORTALS IN MEXICO - INFOSEL

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/ecommerce/infosel/tsld008.htm [12/16/1999 11:39:38 AM] Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge opportunity to exploit the internet further

Slide 1 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld001.htm [12/16/1999 11:39:43 AM] Telecom Infrastructure: Mexico has some modern telecom infrastructure but still trails other Latin American countries in scale

Slide 2 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld002.htm [12/16/1999 11:39:49 AM] Government Policies: All of Latin America is underdeveloped in terms of Internet regulations.

Slide 3 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld003.htm [12/16/1999 11:39:55 AM] Education: Mexico’s education system is adapting faster than most countries to the demands of the internet economy

Slide 4 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld004.htm [12/16/1999 11:39:56 AM] Financing Sources: Proximity to the US and NAFTA membership give Mexico a financing edge over other Latin American countries

Slide 5 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld005.htm [12/16/1999 11:39:57 AM] E-commerce: Still, E-commerce has been very slow to take off in Mexico

Slide 6 of 6

http://www.stanford.edu/~binain/mexico/conclusions/comparison/sld006.htm [12/16/1999 11:40:03 AM] Ecommerce Overview Ecommerce Overview

● Mexico has the second largest Internet user base in Latin America at close to 500,000 Internet accounts (June 1999) and the largest Base of credit card holders in the region at 21.6 million people. ● Much of the estimated $83 million of US ecommerce transactions in 1998 by Latin Americans was completed by Mexicans, where the NAFTA agreement provides US based sites with free barriers to trade. ● In a study completed by IDC in 1997, researchers concluded that of the large Mexican companies, 73% had web sites and 100% intended to have sites by 1999. Further, many of these companies also offered employees access to an intranet site and 10% of these companies had plans to offer the ability to execute online transactions by 1999. ● Mexico is part of the NAFTA agreement and has better access to technology than many other Latin American nations and by having open borders with the US, Mexican businesses are encouraged to develop electronic transaction processing capabilities, particularly on the B2B side in an attempt to increase efficiency and competitiveness. Given the above positive factors one would expect the level of ecommerce development in Mexico to be much more developed than it is. Though Mexico represents 18% of total online users, it accounts for about 6% of online spending. Lehman Brothers analysts argue that Mexico has not been able to reach a critical mass of Internet users who support a sufficient domestic ecommerce market. This coupled with the proximity with the US and subject to NAFTA regulations and the open trade borders make development of local e-tailing a challenge. Though online spending is expected to grow from $89 million in 1999 to $2 billion by 2003, much of this growth will come from purchasing from US websites.

● Grupo Telelink, SA de CV identified the key impediments to the proliferation of ecommerce in Mexico. ❍ Security of online payment ❍ Lack of Spanish content for Latin Americans/Mexicans ❍ Detailed product information ❍ Site ease of use

http://www.stanford.edu/~binain/mexico/ecommerce/overview.html (1 of 2) [12/16/1999 11:41:05 AM] Ecommerce Overview ❍ Ease of payment ❍ Delivery time ❍ Speed of connection speed ❍ Customer service post sale

http://www.stanford.edu/~binain/mexico/ecommerce/overview.html (2 of 2) [12/16/1999 11:41:05 AM] Telmex, IBM Sign Agreement - MexicoNovember, 9 1999Mexico’s telec...: IBM) have signed an agreement where IBM will begin participatin History of Electronic Transactions ● Electronic transactions in Mexico started with the implementation of NAFTA to allow Mexican businesses to increase competitiveness in their businesses. ● Adoption of these practices is in the early stages for small and medium sized companies in Mexico because of the high prices for the installation and development of electronic systems. ● In July 1999 pilot testing began to prove the effectiveness of EDI in Mexico. ● Currently over 3,000 companies are carrying out their non-payment transactions through EDI. ● Currently EDI system is not used for payments and only being used for coordination between the purchasing operations of a company and its suppliers in non-payment business to business transactions.

Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec1.html [12/16/1999 11:41:06 AM] Industry Study: Service Providers and Systems Integrators Industry Study: Service Providers and Systems Integrators

Service Providers Systems Integrators Service providers and systems integrators are the leaders of E-commerce development in Mexico and Latin America. Every major Mexican service provider is promoting Internet proliferation and the development of services that permit companies to outsource much of the back end operations of an E-commerce solution to make implementing this strategy more cost effective. From the network equipment side, large U.S. players are leading the charge. The "Value Chain Alliance", a $300 million joint venture set up to offer complete E-commerce solutions to Latin America, includes Cisco Systems network and infrastructure expertise, Compaq PCs and servers, Microsoft’s software infrastructure, Interchange’s Internet transmission expertise and Modulo’s security system. Many of the smaller and independent integrators are using equipment offered by these major vendors, while other large integrators such as IBM and Oracle are deploying their own. All of these players are working hard to keep E-commerce in the media in an effort to promote awareness and educate both businesses and consumers about the benefits of the Internet and Web commerce. When talking about an E-commerce solution one wants to discuss the whole process of integrating a company’s existing IT system with a web site. Currently, most Mexican IT systems are very back office oriented and focus on facilitating the day to day data processing tasks for a business. These systems are not able to support an open, client-oriented architecture that accompanies an E-commerce model. For example, many of the internal ERP systems are not able to process orders over the Web automatically. The information must still be entered by hand. Further, internal logistical and inventory systems frequently do not have the capacity to automatically update a web site for product availability or shipment information. In order to change the existing ways of doing business and promote E-commerce, systems integrators and service providers have embarked on an education campaign. As a result, service providers and integrators need to work on changing the culture of their customers with regards to IT and customer service. Additionally, because many of these executives are not IT savvy, they view the start up costs for an E-commerce site to be very prohibitive. Teaching executives to look past the initial start up fees, which can run anywhere from $10,000 for the most simple equipment plus the cost of establishing a dedicated line to a service provider and the cost of the monthly web hosting service is the most difficult part of the process at this point. Few companies feel using the Web as a new distribution channel is worth the effort. All interviewees agree that once the education process is successful, demand will come from customers seeking solutions rather than having to create the demand, which is the case today. Service Providers

In terms of business over the Web, service providers would like to become a portal for Web commerce by offering small and medium sized companies the opportunity to outsource their E-commerce sites. They envision offering a platform where the service provider aids the customer in developing and

http://www.stanford.edu/~binain/mexico/ecommerce/services.html (1 of 2) [12/16/1999 11:41:06 AM] Industry Study: Service Providers and Systems Integrators implementing an E-commerce strategy and to develop an interactive solution that includes web-hosting services, back end transaction processing and customer database functionality all in a secure environment. These services remove the cost to maintain a network and allow the customer to focus on its core business. Analysts estimate that many small and medium sized businesses with an E-commerce channel will opt to outsource the maintenance of their site. Though this service is a lower cost alternative for customers, it is not yet available as most service providers only have web-hosting capabilities at this time. In order to offer this new solution service providers must have 24 hour a day service with network monitoring for increased reliability and install a secure dedicated line to each customer. Systems Integrators

Systems integrators in Mexico estimate that E-commerce in the business to business sector will begin to grow substantially over the next 6 to 12 months while the retail sector will develop over the next two years. As a result, the integrators we interviewed that focus on Latin America are concentrating on the nearer term business to business opportunities. At present, there are two types of customers deploying business to business solutions. The first group is large Mexican corporations (greater than 1000 employees) and foreign multinationals that want to develop E-commerce sites and then connect these sites to legacy systems. Integrators are working on connecting sites to inventory systems to provide E-customers with product availability, to delivery systems to provide shipment tracking information and to sales systems to process purchase orders and automatically update inventory and accounting systems. The second group of E-commerce customers is made up of the medium sized companies (between 100 and 500 employees). Frequently, these companies have very limited legacy systems or no system at all and the integrators will aid in the development of an overall IT strategy that will include an E-commerce component. The education process is most important with the medium sized customers. These integrators are also looking to establish highly flexible turnkey solutions that are cost effective and easy to install and maintain. The simple solution takes between two and three months to implement, while the more sophisticated alternative can take up to six months depending on how prepared the customer is in terms of legacy systems and web content. Even the simplest solution can be fully integrated with legacy systems, monitor traffic and report the detail of customer purchases. In an effort to successfully promote E-commerce solutions systems integrators need to keep important customer issues in mind: ● Work on interoperability and development of an open networking architecture for customers as they build out with new technologies. ● Offer a migration path to more sophisticated technologies as networking requirements grow. ● Develop and promote solutions that allow customers to take advantage of the cost benefits of public networks such as VPNs, VoIP and service provider maintained e-commerce solutions. Because of the lower quality of service expectations among some Latin America companies, these low cost alternatives could find early adopters in the region despite quality deficiencie

http://www.stanford.edu/~binain/mexico/ecommerce/services.html (2 of 2) [12/16/1999 11:41:06 AM] Industry Studies: Online Retailing Industry Studies: Online Retailing

Boston Consulting Group performed a recent study on retail E-commerce opportunities in Latin America and concluded that Latin American retailers must improve their online stores before retailers from outside the region absorb their market share. BCG says that regional retailers are expected to make $77 million in online sales in 1999 while U.S. retailers will sell $90 million worth of Internet products and services to Latin America. Price and speed differences combined with the fact that U.S. companies offer wider selections, encourage Latin Americans to buy from the U.S. Below are worldwide projections of the major retail business segments that sell through the Internet. At present, Mexico and Latin America lack content in all of these categories.

According to BCG, the challenge for retailers is to move fast and establish an early and dominant market presence. Further, Latin American retailers need to provide a more compelling consumer value proposition relative to their U.S. competitors. At this point in time, the retail market is highly fragmented with no one retailer able to dominate a product category, which enables first movers to market offering convenience, selection, service and competitive pricing, the opportunity to establish a strong market position. BCG projects that total Latin American online retailing could reach $3.8 billion by 2003. Currently, most domestic online purchases in the region are concentrated in the books, computer equipment, electronics and groceries categories, which account for 77% of total online domestic sales.

http://www.stanford.edu/~binain/mexico/ecommerce/b2cmex.html (1 of 4) [12/16/1999 11:41:07 AM] Industry Studies: Online Retailing

In terms of Mexican B2C development, IDC projects that total online spending will reach over to $400 million by 2003. We found a study completed by Grupo Telelink that summarized the online spending patterns of consumers during 1998. The study concluded that 48% of respondents purchased between $50 and $200 over the Internet in 1998, with almost 20% of the users spending more than $200. Further, men have made most online purchases. Over 57.6% of women using the Internet have not made online purchase, while only 32.6% of men have not, but on average female aggregate purchases are larger. Reasons for purchasing over the Web Reason % Total

Convenience 46.2%

Variety/Selection 28.0%

Price 20.0%

Entertainment 5.8%

Source: Grupo Telelink, SA de CV What and from where are Mexican buying? Product % Total Site % Total

Amazon.com 27.8% Books 29.8% CDNow.com 2.7% Computer Equipment 28.5% Barnes&Noble.com 1.8% Music 11.8%

http://www.stanford.edu/~binain/mexico/ecommerce/b2cmex.html (2 of 4) [12/16/1999 11:41:07 AM] Industry Studies: Online Retailing

Travel 10.3% Ghandi.com.mx 1.5%

Other 19.6% Microsoft 1.2%

Other 65.0%

Source: Grupo Telelink, SA de CV To date, there are four main reasons why E-commerce via the retail channel has not been successful in Mexico. There really is nothing to buy locally. Mexican consumer content over the Internet is incredibly scarce, and BCG estimated as of July 1999, that the country had about 50 online retailers compared to over 300 for Brazil. There are the handful of companies selling basic items such as books, CDs and flowers via the Web, but prices are no less expensive than shopping in person. Retailers have not changed their business models to reflect a new customer orientation. This includes establishing policies that increase customer responsiveness such as easy customer return procedures and methods for better responding to customer inquiries, either on or offline. Retailers have also not embraced the discount retail model. There are no stores that focus on high volume, low cost products such as the outlet businesses in the U.S. Further, customer demand and orders are driven by the look, functionality and performance of the retailer´s web site. At present, most consumer-oriented web sites are very simple, not attractive or sophisticated and generally do not have the service provider connections and back office equipment needed to provide easy transaction processing. Transaction processing continues to be a problem because of credit card clearing issues. The Mexicans need to develop an online shopping culture, which has been hampered by two issues. First, there are few successful catalog business models in Mexico. Many retailers have tried and failed to offer products via this channel. Second, the Internet in general has not taken off in Mexico, although we believe that it will begin significant market penetration within the next twelve months because of changes in the pricing of services, continued PC growth and increased local content. The retail situation is a typical chicken and egg scenario, much more so than business to business E-commerce. Users will have no incentive to buy through the Web if there is nothing to buy. This fact becomes especially important in the case of consumers that only speak Spanish. Their incentive to purchase over the Internet is even less given the scarcity of local content. Without demand for products, businesses take a large risk by trying to create this demand with a pull through model, especially the entrepreneur who may have the idea and customer service orientation, but lacks the resources to develop a sophisticated site with high quality performance that will attract consumers. Additionally, without content or a push from the consumer segment, the banking industry does not have a reason to address its online payment issues because the existing method for executing online transactions, while cumbersome, is functional given the volume of transactions generated to date. Of all these issues, the lack of content is probably the most important. We believe that there is demand for online transactions in Mexico and Latin America given the existing Web purchasing statistics for the region. B2C start-ups will begin to take sales away from the larger players and start revolutionizing the retail sector in general, once these enterprises secure the financing to develop their ideas.

http://www.stanford.edu/~binain/mexico/ecommerce/b2cmex.html (3 of 4) [12/16/1999 11:41:07 AM] Industry Studies: Online Retailing

Large chain stores in Mexico and Latin America are the best positioned to capitalize on Web commerce opportunities because they have household brand names, can establish their own delivery systems and can execute transactions via the Web as long as the customer uses a store card. However, in general, it does not appear that the large retailers have fully addressed the customer service issues, which will negatively effect potential revenues and these stores are still focused on expanding their physical presence. Further, though most retailers have web sites, they are used for marketing purposes and not very sophisticated. Few have online purchasing capabilities. Systems integrators suggest that retailing will develop a critical mass over the next two years and as service providers and Internet portals take a leading role in developing local content and E-commerce solutions. For example, StarMedia for example, with its acquisition of Servicios Interactivos, is beginning to help its customers develop turnkey E-commerce solutions with low cost access through its ISP service. We believe that retail E-commerce in Mexico will begin to take off with the sale of small items such as CDs and books because they are high in demand, customers know what they want and these goods are relatively cheap for the consumer so involve little delivery risk. In Mexico, however, very little money exists to help companies develop the Internet market place, which has significantly slowed retail development as no well-known local name, such as an Amazon.com, exists to make consumers aware of the value of online purchasing. Further, in the U.S. for example, the venture capital world recognized the value of the Internet before Internet markets were developed. The U.S. was successful because investors were willing to bet on ideas before markets "existed", which in turn unleashed the demand for Internet purchasing and allowed these markets to grow.

http://www.stanford.edu/~binain/mexico/ecommerce/b2cmex.html (4 of 4) [12/16/1999 11:41:07 AM] Industry Studies: Commercial Banking/Online Trading Industry Studies: Financial Services

Commercial Banking Online Trading Insurance In the U.S., the financial services sector has been very proactive in using the Web as a means of directly doing business with clients. Additionally, in terms of the asset management industry, companies have financed the growth of the Internet and E-commerce companies. In Mexico, the system is very underdeveloped. The retail banking and trading sectors have realized the value of the Web in terms of lower expenses, customer ease of use and improved information channels and are just beginning to implement online strategies. Overall, however, there are many areas where the financial services sector has not taken the lead to cultivate E-commerce. Commercial Banking

Commercial banks influence three very important areas of E-commerce. First there is the retail/small business banking model. Most of the leading banks in Mexico have recognized the benefits of electronic banking and online banking sites are up and running. The goals of the online banking program are to reduce costs in two ways. First, Internet banking keeps customers out of the branches while still allowing them to do basic transactions such as account transfers, views of account balances and credit card payments on a 24 hour a day basis. Analysts estimate that an online transaction costs a bank between 10% and 20% as much as a transaction executed in the branch. Second, an online banking program is a low cost and efficient way to inform customers of products and services. Online banking was also an area where the banks proactively addressed customer service issues, which is promoting the use of this product. For example, each executed transaction receives a confirmation number when it is complete, the sites are very user friendly and self-explanatory and there is an email system to respond to questions and take suggestions. Over time many retail banks plan to offer investment vehicles such as online trading accounts and mutual funds through this channel as well. A second area of E-commerce where banks are important is in lending to entrepreneurs developing E-commerce businesses. At this point, banks generally are not aggressive about lending money to small businesses in general, and the recent economic downturn has made the credit crunch in Chile even worse. The third area of banking related to E-commerce is definitely the most widely discussed. The association of credit card issuing banks that run the clearinghouse for all credit card transactions, is blamed for not facilitating the development of E-commerce due to its reluctance to approve online credit card transactions. Recently, Visa International initiated Secure Electronic Transaction (SET) pilot programs in Brazil, Mexico, Peru and Venezuela. In Mexico, Visa is implementing the SET protocol with banks such as Citibank, Banamex, Bancomer, Bital and SBanorte and the Mexican credit card clearing house. Many had expected a solution to the Internet payment issues before the end of 1999, but given the recent

http://www.stanford.edu/~binain/mexico/ecommerce/financialsvc.html (1 of 3) [12/16/1999 11:41:08 AM] Industry Studies: Commercial Banking/Online Trading release of Visa’s online program in Brazil, Mexico will have to wait at least until the first quarter of 2000 for a solution. Online Trading

Online trading services have revolutionized investing in the U.S. and now many Latin American countries are looking to capitalize on this low cost business model in their domestic markets. The leading Latin American online trading company is Patagon.com, an Argentine service that hopes to replicate its business model throughout Latin America. During the first week of August, Patagon also purchased a seat on the Chilean stock exchange from Tanner Corredora, a Chilean on line brokerage firm. This license allows Patagon to establish online trading services in Chile and is the company’s first attempt to move into other Latin American markets. Aggressively entering Chile is important for Patagon because the market leader, CB.cl, is growing and consolidating its first mover advantage. Currently, Mexico's Central Bank is working with the Mexican financial sector to create an online brokerage regulatory scheme. Online stock brokering will kick off in Mexico by April 2000, according to Mexico’s national banking and securities commission CNBV, the Mexican stock exchange and national brokerage firms. The scheme will regulate security issues surrounding online financial service transactions in Mexico and will use digital signatures and certificates to enhance security in online securities transactions. The release of the program will be made in three steps. ● Ability to find security information and analysis on the Internet. ● Ability to request account balance statements. ● Ability to buy and sell stocks online. There were many challenges in developing an online brokerage system. Those working to create the framework had many issues to resolve such as: ● CNBV had to define what constitutes a legal exchange of publicly traded shares between two parties. ● Under existing legislation, the initiation of a transaction could be verbal, for instance if a customer called a broker to purchase a stock, but at settlement of the trade, the customer needs to receive a written confirmation. ● The Internet presented many different problems for the CNBV because order initiation and confirmation is neither verbal nor written. ● Ultimately, the agency allowed emails to act as a form of confirmation. ● Insurance issues. ● All broker dealers have insurance policies in case of fraud, but these policies covered transactions executed through traditional channels. ● Because most of the banks had U.S. insurers, this quickly became a non-issue as the insurers cover U.S. online trading services.

http://www.stanford.edu/~binain/mexico/ecommerce/financialsvc.html (2 of 3) [12/16/1999 11:41:08 AM] Industry Studies: Commercial Banking/Online Trading Insurance

In general, insurance companies are behind other financial service sectors in terms of online offerings. Most life insurance companies use the Web as a way to inform their customers about products, but the actual selling of policies still occurs in person. Overall, insurance company strategies focus on building sales and support capacity for agents. However, one Mexican insurance company, Seguros Inbursa, a wholly-owned subsidiary of Mexican financial group Grupo Financiero Inbursa de Mexico, launched this past September a web site to sell its insurance plans online. Through the web page (www.segurosinbursa.com.mx), clients can buy a wide range of insurance plans including life, property and car coverage, and access Inbursa's consulting services.

http://www.stanford.edu/~binain/mexico/ecommerce/financialsvc.html (3 of 3) [12/16/1999 11:41:08 AM] Table of Contents Overview

Guide to this Site Who we are

Introduction

An introduction to Mexico The Information Revolution

Background

Communications Labour Markets Education Nature and Access of Opportunity Financing Private Sector Government Policies

Analysis

Ministry of Public Education Infosel Mexico in Latin America

Conclusions

Positive Outlook Future Roadblocks Concluding Remarks

Special Section: E-Commerce

Resources

Useful links Feedback/Discussion Contact us

http://www.stanford.edu/~binain/mexico/menu.html [12/16/1999 11:41:09 AM] Mexico Discussion Free discussion on Information Technology in Mexico

Click here to add your own comment Most recent post: Will Budreau from Stanford University on Mon Oct 25 04:12:13 1999 says: "This discussion forum is now open!" ------Return to the main page

http://www.stanford.edu/~binain/mexico/visitors.shtml [12/16/1999 11:41:09 AM] Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge opportunity to exploit the internet further Nature of Access: Mexico lags behind the rest of Latin America - Leaving open a huge opportunity to exploit the internet further

● Mexico has the second most Internet users in Latin America but Internet Penetration Rates

● well below other Latin American countries.

● Computer Penetration: equivalent to Brazil:

❍ Mexico:4.1% - Brazil: ~5%

● Relative to other Latin American countries, Mexico offers the cheapest monthly cost to access the internet

❍ BCG compared PC amortization costs, ISP fixed fees and per minute charges across Mexico, Brazil, Argentina ❍ Average monthly Internet costs totaled $47, $52 and $71 per month, respectively.

Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld001.htm [12/16/1999 11:41:10 AM] Telecom Infrastructure: Mexico has some modern telecom infrastructure but still trails other Latin American countries in scale Telecom Infrastructure: Mexico has some modern telecom infrastructure but still trails other Latin American countries in scale

● Main obstacles: the lack of phone lines and outdated computer equipment, where Mexico lags behind other Latin American nations

❍ Phone lines/100 people - 9.2%, 10.5%, 20.1% and 17.3% for Mexico, Brazil, Argentina and Chile, respectively ❍ Mexico has land-line access at rates not even half those of Chile and Argentina ❍ Mobile phones (2/5 Argentina’s penetration)

● Online Transactions - Not yet handled for most Latin American countries

❍ Battle over encryption technology - SET (More secure) or SSL (US standard). Visa just introduced its SET system in Brazil and will roll out to the rest of Latin America ❍ Chile at least has digital signatures recognized. ❍ Mexico still requires written document or proof of delivery ❍ EDI infrastructure weak as it is for the rest of Latin America and does not permit online purchases through the system Before the internet can take off, the infrastructure issue will have to be addressed

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld002.htm [12/16/1999 11:41:11 AM] Government Policies: All of Latin America is underdeveloped in terms of Internet regulations. Government Policies: All of Latin America is underdeveloped in terms of Internet regulations.

● Governments are taking a wait and see approach with on issues such as jurisdiction, taxation, and consumer protection

● Latin American Internet leaders are all addressing the electronic signature issue

❍ we expect most countries to adopt legislation in the coming months. ❍ This is the single most important law influencing ecommerce that will come out of Latin America on the near future.

● Deregulation and encouraging competition is a continuing project that will take most countries years to complete.

● NAFTA membership encapsulates many US commercial policies and supercedes domestic Mexican law.

● NAFTA eliminates trade barriers so that technology and ecommerce goods can flow freely

❍ free flow of capital to facilitate investments in start ups and Internet infrastructure, ❍ US-influenced IP policies encourage proper protection. NAFTA is Mexico’s unique competitive advantage

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld003.htm (1 of 2) [12/16/1999 11:41:11 AM] Government Policies: All of Latin America is underdeveloped in terms of Internet regulations.

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld003.htm (2 of 2) [12/16/1999 11:41:11 AM] Education: Mexico’s education system is adapting faster than most countries to the demands of the internet economy Education: Mexico’s education system is adapting faster than most countries to the demands of the internet economy

● High Literacy rate

❍ 90% in adults. (Brazil: 80%, Chile 95%)

● Basic literacy programs on television and 200 Celatis

❍ Short-term programs for anyone

● Over 1,000 high schools with IT-related programs

● Higher Ed - 4th,5th, and 6th highest fields of new enrollment IT

● The online arm of Mexico's Monterrey Institute of Technology & Advanced Studies (ITESM) will start a correspondence Masters Degree in E-commerce in 2000.

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld004.htm [12/16/1999 11:41:12 AM] Financing Sources: Proximity to the US and NAFTA membership give Mexico a financing edge over other Latin American countries Financing Sources: Proximity to the US and NAFTA membership give Mexico a financing edge over other Latin American countries

● Mexico suffers the same problems as most other Latin American nations

❍ No institutional investor base, weak capital markets infrastructure ❍ conservative investment attitudes (not willing to take risks in Internet ventures because they do not understand the Internet business model or valuations)

● US venture capital becoming important for financing entrepreneurs.

❍ However, these entrepreneurs have to compete for VC dollars regionally as well as with the growing number of US based businesses focused on Latin America and started by Latin American ex-patriots.

● Internet start-ups in Mexico often do not understand how to package themselves to attract foreign capital.

❍ Few entrepreneurs have formal business plans ❍ Many do not understand the financial forecasting process

● Proximity to US investors enables better mutual understanding and ties

❍ Over 20 million Spanish-speaking Americans of Mexican origin

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld005.htm (1 of 2) [12/16/1999 11:41:12 AM] Financing Sources: Proximity to the US and NAFTA membership give Mexico a financing edge over other Latin American countries

● NAFTA membership gives Mexico many advantages in financing

❍ US VCs can benefit more easily from investments ❍ Telecom and Internet projects have easier access to US corporate investment

Previous slide Next slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld005.htm (2 of 2) [12/16/1999 11:41:12 AM] E-commerce: Still, E-commerce has been very slow to take off in Mexico E-commerce: Still, E-commerce has been very slow to take off in Mexico

● Proximity to US & NAFTA may be a con as well as a pro

❍ Products are often available more cheaply across the border ❍ Easier access to products of US online retailers (I.e. shipping)

● Mexico has 18% of Latin American internet users, but only 6% of the e-commerce revenue

● Lags other Latin American countries in number of commerce sites per capita

Previous slide Back to first slide View graphic version

http://www.stanford.edu/~binain/mexico/conclusions/comparison/tsld006.htm [12/16/1999 11:41:12 AM] E-Commerce Slide 2 Legal Impediments to Electronic Transactions ● The standardization of electronic transactions between businesses has become a priority of Mexican firms. ● Electronic transactions are a safe way to reach modernization and cost reductions, but there is not set standard as of yet. ● Currently the online payment of a transaction among businesses is not allowed. Invoices and signatures need to be on paper according to the Treasury Ministry regulations. ● Internet regulation and the law are not predictable which creates concerns that the Mexican government will overtax the Internet. ● EDI regulations are expected later this year. Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec2.html (1 of 2) [12/16/1999 11:41:13 AM] E-Commerce Slide 2

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec2.html (2 of 2) [12/16/1999 11:41:13 AM] E-Commerce Slide 3 Mexico to Approve Ecommerce Law in 1999 ● Mexico's legislators have agreed to approve a law regulating ecommerce before year-end ● Mexico needs to pass the legislation to reduce the risk to businesses and increase competitiveness because ecommerce development in Mexico is falling behind other LAC countries ● Law will be based on recommendations from the United Nations Commission on International Trade Law, Uncitral. ● Main points of the proposal deal with electronic contracts and digital signatures. ● Mexico’s Banking Association (ABM) is planning to send to congress a proposal to strengthen Ecommerce legislation. Source: El Financiero (Mexico), BNA

Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec3.html [12/16/1999 11:41:14 AM] E-Commerce Slide 4 Provisions/Importance of the Ecommerce Law ● All electronic documents will be equal to paper copies in terms of legality. ● Law guarantees that those documents meeting all the requirements for a valid electronic signature will be equivalent to paper documents. ● Addresses many of the transaction security concerns of banks as both buyers and sellers will have there own electronic signatures, ● Also help change consumer confidence about doing business over the Web.

Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec4.html [12/16/1999 11:41:14 AM] E-Commerce Slide 5 Financial Sector Seeks Online Transaction Solution

● Mexico's Central Bank is working with the Mexican financial sector to create an online transaction regulatory scheme ● Online stock brokering will kick off in Mexico by April 2000, according to Mexico’s national banking and securities commission CNBV, the Mexican stock exchange BMV and national brokerage firms. ● The scheme would regulate security issues surrounding online financial service transactions in Mexico. ● The group will focus first on digital signatures and certificates. ● The transfer will be made in three steps. ❍ Clients will first be able to find information and analysis on the Internet ❍ Clients will be able to request balance statements ❍ Clients will be able to buy and sell stocks online. Source: El Economista (Mexico)

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec5.html (1 of 2) [12/16/1999 11:41:15 AM] E-Commerce Slide 5 Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec5.html (2 of 2) [12/16/1999 11:41:15 AM] E-Commerce Slide 6 Main Challenges in Developing Online Regulations

● CNBV has to define what constitutes a legal exchange of publicly traded shares between two parties. ❍ The initiation of a transaction could be verbal, for instance if a customer called a broker to purchase a stock, but at settlement of the trade, the customer needed to receive a written confirmation. ❍ The Internet presented many different problems for the CNBV because order initiation and confirmation is neither verbal nor written. ❍ Ultimately, the agency allowed emails to act as a form of confirmation. ● Insurance issues. ❍ All broker dealers have insurance policies in case of fraud, but these policies covered transactions executed through traditional channels. ❍ Because most of the banks had U.S. insurers, this quickly became a non-issue as the insurers cover U.S. online trading services.

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec6.html (1 of 2) [12/16/1999 11:41:16 AM] E-Commerce Slide 6 Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec6.html (2 of 2) [12/16/1999 11:41:16 AM] E-Commerce Slide 7 TELMEX Gaining Control of the Mexican Internet Market as in other Telecom Markets

● Telmex has 75% of the country's Internet user market

● Telmex has sold an average of 1,000 Internet connections per month as a result of a credit deal by which new Internet clients also receive the computer itself, paying for it over two years ● Demand for the deal is so great that Telmex continues to add new computer manufacturers to its list of partners. (Apple, Acer, IBM, Prodigy and Compaq) ● As a result of the credit deal, Telmex is Mexico's leading vendor of PCs. ● Though permitting competition from other ISPs, no other service provider has the resources to underwrite a plan such as this. ● Telmex actions foreshadow some sort of backlash from Cofetel as a result of this market dominance and anti-competitive practices. Source: El Financiero (Mexico)

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec7.html (1 of 2) [12/16/1999 11:41:16 AM] E-Commerce Slide 7 Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec7.html (2 of 2) [12/16/1999 11:41:16 AM] E-Commerce Slide 8 Local Access

● In March 1999, Cofetel required that Telmex’s annual price hikes be less than 95.5% of the inflation rate. ● Cofetel allows Telmex to raise basic telephony prices every quarter, and long distance prices once a year. ● Local calls now cost about US$0.14 per minute ● Local access charges are an important variable in the proliferation of the Internet in Mexico. With Prices coming down this new regulation continue to spur demand. Source: El Economista (Mexico), El Finanaciero (Mexico)

Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec8.html [12/16/1999 11:41:17 AM] E-Commerce Slide 9 Telmex is an "Agent With Considerable Power"

● Mexico's federal antitrust commission has Telmex "an agent with considerable power,", but the possibility of officially designating Telmex a dominant operator has been technically quashed. ● Telmex will likely face restrictions to loosen its grip on Mexican telecommunications markets. ● As a result of the ruling, Cofetel will regulate Telmex in terms of pricing strategy, service quality and access to financial information Next Page

http://www.stanford.edu/~binain/mexico/ecommerce/presentation/ec9.html [12/16/1999 11:41:18 AM]



© 2022 Docslib.org