Internet Investors Look Increasingly Overseas
Forget about Yahoo! (YHOO), eBay (EBAY) and the rest of your Silicon Valley darlings. When it comes to making real money on the Internet, look overseas.
| See Also | |
| The Anglo File: Framlington's Global Internet Fund Revolves Mostly Around U.S. Holdings |
U.S. Isn't Finished Yet
Of course, not everyone's convinced that all the big money has already been made domestically in Net stocks. "We're still in the first minute of the first round" domestically, says James Punishell, an analyst with Forrester Research in Cambridge, Mass. "There's a ton of infrastructure that still needs to be built, and there's all kinds of businesses that are still incredibly inefficient that need to be completely redesigned." Ryan Jacob, president of Jacob Asset Management and the former manager of the (WWWFX)Internet fund, says he plans on staying in the U.S. when he launches his new fund, Jacob Internet, later this year. Whether people worldwide will embrace the Internet as quickly as Americans have is a large unknown, he says. Frits Moolhuizen, director of equities at ING Investment Management in the Hague, agrees. "It will be slower in Europe, because investors are not as familiar with technology as investors in the U.S.," Moolhuizen says. "I think it's very difficult to say yet that there's an entire [Internet] industry in Europe." That may very well be true. But it wasn't too long ago that there wasn't an Internet industry in the U.S., either. And until earlier this year, only four mutual funds invested specifically in Internet companies. Now, more than 20 do so or plan to. Analysts now put Europe about two years behind the U.S. in Internet development and Asia at three to four years behind. In Uding's view, the Internet and global business prospects go hand in hand. "You have to treat the Internet as a global thing," Uding says. "It's not only in the U.S. It's a global medium -- and a global network.">To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
|
|
UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
|
|
+0.05%
|
+0.15%
|
+0.39%
|
+3.65%
|
Data delayed 20 minutes |

Connect with TheStreet