only 3% of US market cap is pure-play Internets

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From: Rohit Khare (rohit@uci.edu)
Date: Fri Apr 28 2000 - 22:10:45 PDT

The total value of the U.S. equity markets - the stocks on the New
York Stock Exchange, the Nasdaq and the Amex - is about $20 trillion.
The pure-play Internet sector, therefore, accounts for approximately
3 percent of the total. Although this is a big percentage, especially
considering that we are only five years into the Internet boom, I
believe that long-term, Internet-driven companies could account for
10 percent to 15 percent of the total, or between $2 trillion and $3
trillion.

-- Henry Blodget, in the INDUSTRY STANDARD...

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