It posts, but it didn't clean up the tables.
212 And Counting
18-Aug-99 00:05 ET
Remember the good ole days when pure play Internet stocks could be counted on one hand: Netscape, Spyglass (SPYG), Netcom, UUNet, and America Online (AOL)? Three of those five have since been folded into other companies, but plenty more have risen to take their place. By our tally, there are now 212 pure play Internet companies. And an astonishing 113 of those companies have come public in 1999. Now more than ever, it is important to make sense of this mess.
Most attempts to sort out the Internet sector have ended in illogical groupings. Briefing.com has therefore taken a stab at designating Internet industries, and then placing all 212 companies into one of these industries. After much debate, we ended up with six Internet industries. Those selections, and their brief definitions are as follows:
Ecommerce-consumer: companies that sell goods/services to consumers over the Internet.
Ecommerce-business: companies that sell goods/services to businesses over the Internet.
Content: companies that provide information or community services via the Internet to consumers and/or businesses.
Connectivity: Internet service providers (ISPs), application service providers (ASPs), hosting/co-location, backbone providers.
Software: companies that design and sell software for use on the Internet, intranets, or extranets.
Services: companies that provide services to businesses operating on the Internet, including consulting, advertising, and marketing.
After much experimenting, we found that it was relatively simple to place all 212 companies into one of these six industries. There were of course a few category-busters, most notably AOL and CMGI, but we felt comfortable with judging the former to be primarily a means of connecting to the Net, and the latter a financial service company managing Net assets. There were some other close calls, particularly with companies that combines content and commerce. In these cases, we chose the industry that best reflected the company's strategic goals.
And finally, we did not include any hardware companies such as Cisco (CSCO), Juniper (JNPR), or Redback (RBAK), because once you opened the door to any hardware companies, you had to open the door to virtually all of them. These companies are excellent investment plays on the Internet, but we will not define them as pure plays.
Keep in mind that our decisions were based the product being sold and the target market. We were not concerned with what sorts of activities the companies made possible. For example, Ariba (ARBA) is a software company rather than a business-to-business ecommerce company because it designs software that makes B2B transactions possible, but it does not sell its product to businesses over the Net. Or take Doubleclick (DCLK); though the company sells a service to businesses and delivers the product (ads) over the Net, it is not using the Net to make the sale, it only uses the Net to deliver the final product.
You will of course not agree with all of our choices, but we hope that the tables below help in sorting through the increasingly diverse Internet sector. Next week, we will look at these industries in conjunction with the business models that these companies employ. In so doing, identication of solid investing opportunities will become much easier. For example, you can identify industries that you like, and then define business models you like, perhaps advertising, or a slice of transactions, or the sale of a physical good. By looking at the market in which the company is operating and the manner in which it generates revenue, we will attempt to construct a valuable framework for analyzing Net companies.
The industry and company listings appear below, ranked by market cap using Tuesday's closing prices. Feel free to send feedback regarding companies we missed or companies that we placed in the wrong industry. We can't promise return emails given the likely volume of feedback, but we do promise to consider all suggestions.
Greg Jones - gjones@briefing.com
Ecommerce - Consumer: 52 Companies, $87.8 bln Market Cap
Company Symbol Market Cap
AMAZON COM AMZN 17650.4
EBAY INC EBAY 15145.3
PRICELINE.COM PCLN 9971.0
E*TRADE GROUP EGRP 7055.1
TD WATERHOUSE TWE 6327.8
AMERITRAD HLD A AMTD 4448.3
ETOYS INC ETYS 4092.1
MP3.COM INC MPPP 2322.1
DRUGSTORE.COM DSCM 2281.5
DLJ DIRECT DIR 2058.3
TICKETMASTER B TMCS 2039.6
NEXTCARD INC NXCD 1146.0
TELEBANC FINCL TBFC 988.9
E-LOAN INC EELN 962.2
XOOM.COM INC XMCM 781.8
INSWEB CORP INSW 716.6
NETBANK INC NTBK 628.1
BARNESANDNOBLE BNBN 598.7
NATL DISCOUNT BK NDB 597.5
BID.COM INTL BIDS 590.8
VALUE AMERICA VUSA 518.2
DIGITAL RIVER DRIV 463.5
CDNOW INC CDNW 442.2
LIQUID AUDIO LQID 418.9
AUDIBLE INC ADBL 412.5
1800FLOWERS.COM FLWS 364.7
MORTGAGE.COM MDCM 334.6
MUSICMAKER.COM HITS 298.9
AUTOBYTEL.COM ABTL 292.7
ONSALE INC ONSL 285.1
AUTOWEB.COM AWEB 281.3
BIGSTAR ENTERMT BGST 270.6
EMUSIC.COM INC EMUS 257.9
PREVIEW TRAVEL PTVL 236.5
EXECUTONE INFO ELOT 227.8
ITURF INC TURF 227.5
EGGHEAD.COM EGGS 220.9
CYBERIAN OUTPST COOL 198.7
QUOTESMITH.COM QUOT 188.6
UBID INC UBID 177.2
FATBRAIN.COM FATB 151.9
ONLINETRADING LINE 151.7
STREAMLINE.COM SLNE 143.9
US SEARCH.COM SRCH 140.4
ALLOY ONLINE ALOY 140.1
YOUBET.COM INC UBET 121.8
PEAPOD INC PPOD 121.3
INTERNET FINL IFSX 88.3
BEYOND.COM CORP BYND 82.7
BLUEFLY INC BFLY 77.4
CYBERSHOP INTL CYSP 48.0
FASHIONMALL.COM FASH 45.0
Ecommerce - Business: 11 Companies, $8.5 bln Market Cap
Company Symbol Market Cap
CAREINSITE INC CARI 2782.1
HEALTHEON CORP HLTH 2489.1
STAMPS.COM INC STMP 1118.7
CHEMDEX CORP CMDX 701.0
INTRAWARE INC ITRA 415.0
HOTJOBS.COM INC HOTJ 313.7
ALLSCRIPTS INC MDRX 296.0
FINET.COM INC FNCM 158.7
ELCOM INTL ELCO 131.4
TOPJOBS.NET TJOB 41.3
CLAIMSNET.COM CLAI 35.2
Content: 39 Companies, $60.1 bln Market Cap
Company Symbol Market Cap
YAHOO INC YHOO 28382.0
LYCOS INC LCOS 3691.7
CNET INC CNET 2795.5
STARMEDIA NETWK STRM 2790.1
HOMESTORE.COM HOMS 2564.7
INFOSPACE.COM INSP 2042.9
INFOSEEK CP SEEK 2042.4
GOTO.COM INC GOTO 1959.2
GO2NET INC GNET 1786.5
VERTICALNET INC VERT 1359.8
IVILLAGE INC IVIL 1255.9
ZIFF-DVS ZDNET ZDZ 1242.8
ASK JEEVES INC ASKJ 876.6
CHINA.COM CP A CHINA 784.9
DRKOOP.COM INC KOOP 598.5
THESTREET.COM TSCM 448.5
SPORTSLINE USA SPLN 447.9
MULTEX.COM INC MLTX 420.7
MAPQUEST.COM MQST 412.1
MARKETWATCH.COM MKTW 401.4
QUOKKA SPORTS QKKA 384.7
STUDENT ADVTGE STAD 379.3
EARTHWEB INC EWBX 366.1
THEGLOBE.COM TGLO 315.3
ABOUT.COM INC BOUT 312.8
INTERNET.COM INTM 310.0
TALK CITY INC TCTY 282.5
QUEPASA.COM INC PASA 194.6
MEDICONSULT.COM MCNS 190.9
CAREERBUILDER CBDR 176.1
HOOVERS INC HOOV 155.7
LAUNCH MEDIA LAUN 126.4
NEWSEDGE CORP NEWZ 125.7
EDGAR ONLINE EDGR 105.3
INFONAUTICS A INFO 75.2
SALON.COM SALN 67.7
NETIVATION.COM NTVN 62.8
AUDIOHIGHWAY AHWY 62.2
CROSSWALK.COM AMEN 52.7
Connectivity: 37 Companies, $156.5 bln Market Cap
Company Symbol Market Cap
AMERICA ONLINE AOL 105592.5
AT HOME ATHM 9958.7
COVAD COMMS GP COVD 3533.8
FREESERVE PLC FREE 3349.3
NORTHPOINT COMM NPNT 3297.1
EXODUS COMMS EXDS 3210.5
PSINET INC PSIX 3007.9
RHYTHMS NETCONN RTHM 2900.5
VERIO INC VRIO 2533.3
MINDSPRING MSPG 1967.0
HIGH SPEED ACC HSAC 1665.0
DIGEX INC DIGX 1564.3
EARTHLINK NET ELNK 1552.9
CRITICAL PATH CPTH 1260.4
ABOVENET COMMS ABOV 1057.1
PRODIGY COMMS PRGY 1044.4
CONCENT NETW CNCX 1020.6
DIGITAL ISLAND ISLD 862.3
USINTERNETWORKG USIX 795.4
WORLDGATE COMMS WGAT 737.9
MAIL.COM INC A MAIL 673.3
INTERLIANT INC INIT 623.5
JUNO ONLINE JWEB 566.3
SPLITROCK SVCS SPLT 550.3
ONEMAIN.COM INC ONEM 419.9
IDT CORP IDTC 407.4
GLOBIX CORP GBIX 371.1
VOYAGER.NET INC VOYN 330.8
SOFTNET SYSTEMS SOFN 304.7
APPLIEDTHEORY ATHY 280.2
JFAX.COM INC JFAX 240.0
CAIS INTERNET CAIS 227.8
FLASHNET COMMS FLAS 221.1
ZIPLINK INC ZIPL 121.0
LOG ON AMERICA LOAX 109.8
INTERNET AMER GEEK 93.5
RMI.NET RMII 93.3
Software: 40 Companies, $48.5 bln Market Cap
Company Symbol Market Cap
REALNETWORKS RNWK 6012.0
INKTOMI INKT 5985.6
ARIBA INC ARBA 4910.1
VERISIGN INC VRSN 4473.3
PORTAL SOFTWARE PRSF 3376.8
PHONE.COM INC PHCM 2991.4
BROADVISION BVSN 2629.0
SOFTWARE.COM SWCM 1586.2
MACROMEDIA INC MACR 1525.7
VIGNETTE CORP VIGN 1484.7
TIBCO SOFTWARE TIBX 1355.2
NET2PHONE INC NTOP 1226.7
COMMERCE ONE CMRC 1108.9
SECURITY FIRST SONE 931.3
BACKWEB TECH BWEB 827.9
LIBERATE TECH LBRT 796.0
ART TECH GROUP ARTG 676.1
MARIMBA INC MRBA 585.0
ALLAIRE CORP ALLR 561.2
SILK SOFTWR.COM SILK 517.4
OPEN TEXT CO OTEX 512.6
PCORDER.COM INC PCOR 506.7
INTERVU ITVU 447.4
OPEN MARKET INC OMKT 436.3
MPATH INTERACT MPTH 364.2
WEBTRENDS CORP WEBT 339.6
PRIMUS KNOWLEDGE PKSI 302.9
TUMBLEWEED COMM TMWD 293.4
ACCRUE SOFTWARE ACRU 254.9
WATCHGUARD TECH WGRD 228.3
N2H2 INC NTWO 208.5
CYBERCASH INC CYCH 183.2
COMMTOUCH SFTWR CTCH 172.0
ROWECOM INC ROWE 168.4
NETOBJECTS INC NETO 156.4
NETSPEAK CORP NSPK 123.2
VOCALTEC COMM VOCL 102.0
ONLINE SYSTEM WEBB 52.7
WORLDTALK COMM WTLK 36.8
CONNECT INC CNKT 33.8
Services: 33 Companies, $38.7 bln Market Cap
Company Symbol Market Cap
CMGI INC CMGI 7976.5
INTERNET CAP ICGE 5176.2
DOUBLECLICK DCLK 3640.9
NETWORK SOLUT NSOL 1975.2
SAPIENT CORP SAPE 1849.9
SCIENT CORP SCNT 1729.6
IXL ENTERPRISES IIXL 1636.8
ENGAGE TECH INC ENGA 1547.9
WIT CAPITAL GP WITC 1409.0
USWEB CP USWB 1400.7
ENTRUST TECH ENTU 1239.4
PROXICOM INC PXCM 912.9
NATL INFO CNSRT EGOV 829.8
MEDIA METRIX MMXI 763.2
RAZORFISH INC RAZF 684.3
VIANT CORP VIAN 655.0
24/7 MEDIA INC TFSM 640.4
MESSAGEMEDIA MESG 631.0
CYBERSOURCE CYBS 495.6
APPNET SYSTEMS APNT 462.8
INTERWORLD INTW 442.2
NETGRAVITY INC NETG 439.6
FLYCAST FCST 320.9
ADFORCE INC ADFC 297.2
NET PERCEPTIONS NETP 277.2
MODEM MEDIA MMPT 262.0
US INTERACTIVE USIT 228.1
ONLINE RSCS COM ORCC 189.4
NFRONT INC NFNT 173.9
COBALT GROUP CBLT 152.2
@PLAN INC APLN 138.2
BRAUN CONSULT BRNC 114.5
PRIMIX SOLUT PMIX 37.9 |
