I do agree with the notion that it's a wonderful time to be doing Internet stuff. With that said, the analysis below fails to consider the inflation we've seen in 2007, and makes no mention that the rate of inflation is only going to accelerate in 2008. Accordingly, I think 2008 might be a truly great year for non-US Internet companies. -- KM


JPMorgan’s Internet analyst Imran Khan and his team released a massive 312-page report this morning titled Nothing But Net that paints a bullish picture for the major Internet stocks (Google, Amazon, Yahoo, eBay, Expedia, Salesforce.com ...

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