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Internet Stocks Update: May 2005

The Internet Stock Index was up a blistering 15.6% in May compared to the NASDAQ's 7.6% gain.  The average stock was up only 6.6% which means that big cap stocks carried the day.  Which big cap stock you say?  Why none other than the single largest pure play internet stock on the planet, that of Google.  GOOG was up an impressive 31% this month which is all the more impressive given that it was up 22% in April.  The stock is, quite simply, "en fuego".   The big question now is with an $80BN market cap, does Google have much more steam left in it?   At $80BN it is now just a few hundred million dollars short of media giant Time Warner and once it surpasses TWX it will be not just the largest internet company, but the largest media company in the US period.  Bigger than Walt Disney, Vivendi or Time Warner.  About the only company left to overtake will be Microsoft ($275BN Market cap), and that's a company with 10X the revenues and profits of GOOG.

For a detailed breakdown of all the stock statistics including a record of all of the M&A in the space, click here click to download an Excel spreadsheet with the data and click here to get Microsoft's automatic stock quote downloading plug-in for Excel if you don't already have it.

June 4, 2005 in Internet, Stocks | Permalink


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The thoughts and opinions on this blog are mine and mine alone and not affiliated in any way with Inductive Capital LP, San Andreas Capital LLC, or any other company I am involved with. Nothing written in this blog should be considered investment, tax, legal,financial or any other kind of advice. These writings, misinformed as they may be, are just my personal opinions.