AOL, YHOO, EBAY, INKT, EXDS, DCLK The internet cream to watch....
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Here's a tall order for an analyst to fill: pick just 3 Internet stocks to recommend. The challenge was put to Goldman Sachs analyst Michael Parekh by Multex Investor's Lauren Keyson. The answer? He names six. Parekh picks three which he says have the biggest wide-open market opportunities. And he picks three he says cater to the portals themselves. In what he calls the "Internet Troika," the three companies that lead the big revenue areas, he gives his nod to America Online (AOL) on the subscription side, Yahoo (YHOO) on the search engine side and eBay (EBAY) on the consumer side. Parekh tells Multex that no one company can do everything itself so he has three favorite outsourcing companies too. Inktomi (INKT), Exodus (EXDS) and DoubleClick (DCLK).
And here's one encouraging bit from Multex's interview with Parekh for investors starting to lose sleep about all their overblown Internet stocks. He thinks the Internet has actually been "under hyped." He says high valuations are only the result of an increasing realization that the Internet "fad" is not a fad at all, but real, and that the impact the Internet will have in the years ahead still hasn't been quite appreciated. [snip]
More: cbs.marketwatch.com.
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