Many ISP's these days are running Cache servers, to
speed up the transfer of commonly accessed sites by their users. In
addition to this, there are several national and international caching
servers set up now that many ISP's are using in order to speed transfer
across the world of common sites.
The advantage, obviously, is speed, the disadvantage,
is that the tracking software has absolutely no way of seeing hits
from a cache server.
For example, the big ones in North America, AOL, Prodigy,
MSN, Earthlink, etc., all use caching servers. So, If I used AOL and
visited www.xyz.com, then any of the other ten million AOL users who
visited that site after me would load it from the AOL cache, and NOT
from www.xzy.com.
Thus, even if www.xyz.com had ten million visitors,
but they were all AOL users within whatever period of time their caching
server uses to refresh, the administrator of www.xyz.com would see
only a single hit...