In a research note written Wednesday, Meeker said there are some compelling Internet stock values. However, she added that she estimates more than half the companies in the sector will never truly recover and the sector, as a whole, perhaps has not yet seen a bottom. In the note, Meeker said growth in Internet usage shows no signs of abating any time soon and new and financially rewarding companies will continue to grow in many sectors to drive and support that growth.
Internet infrastructure remains the strongest sector for financing.
The major flight to quality and selectivity among Internet companies is expected to continue, and early stage opportunities will see a large risk premium, Meeker added. Internet stocks have taken a beating in recent weeks amid the Nasdaq's gyrations. Privacy Policy Stock data provided by Stockpoint and its data suppliers.