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News Burst: Web outages cost UK millions

Will Knight ZDNet.co.uk

Published: 12 Feb 2001 11:18 GMT

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Web site downtime cost UK businesses £128m last year and this figure is expected to double for 2001, according to a study released by Web services firm Hostmark on Monday.

The report indicates that Web site outages hurt retail Internet firms the most because customers are likely to turn to online competitors.

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