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American Information Technology Corporation company history timeline

1996

Ameritech was quick to capitalize on the 1996 Act, signing a five-year contract with WorldCom Inc., the fourth largest long-distance carrier in the United States, to provide them with long-distance capacity.

1998

In 1998 the DOJ and the attorneys general of twenty states filed an antitrust suit against Microsoft Corporation.

2001

By 2001 several of the dot-coms were out of business, and many established IT companies began posting losses.

2002

In 2002 e-commerce represented 1.4% ($44.3 billion) of retail sales.

2003

By June 2003 this percentage had doubled, and roughly one-third (34%) of Internet users had conducted banking online.

In the first nine months of 2003 IT spending by the private sector as a whole rose an estimated 2.3% on average.

The GDP in the IT-producing industries grew by an estimated 4.6% to $871.9 billion in 2003 as business spending on IT equipment began to accelerate.

2004

Murphy estimates that in 2004 there were more than 1.2 billion credit cards in the United States.

About three-quarters (74.4%) of those under age thirty used a debit card in 2004, compared to fewer than one-third (32.5%) of those aged sixty-one or older.

2005

Approximately 64.8 million (64%) travelers with access to the Internet had booked their own reservations online in 2005.

Seventy percent of online Americans with a household income of $75,000 or more shopped online with some frequency in 2005, versus 30% of those with less than a $30,000 annual income.

2007

However, the BLS (December 2007, http://www.bls.gov/oco/ocos145.htm) notes that job opportunities for brokerage clerks, who generally assist securities brokers in their jobs, are projected to increase at a somewhat slower pace (20%) during the same period.

2008

The future looked more positive as of 2008, when the BLS (March 12, 2008, http://www.bls.gov/oco/cg/cgs033.htm) forecast long-term job growth in the IT industry segment.

The Internal Revenue Service (IRS; July 5, 2008, http://www.irs.gov/pub/irs-soi/07ifss24.xls) states that during the 2008 tax filing season 87.3 million tax returns were filed over the Internet either from home or through a tax preparer such as H&R Block.

2022

"Ameritech Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/ameritech-corporation

"Information Technology and United States Business ." Electronic America. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/reference/encyclopedias-almanacs-transcripts-and-maps/information-technology-and-us-business

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Founded
1995
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Headquarters
Addison, TX
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