E-guide to Salomon's treasures

Salomon Smith Barney says growth rates and multiples are passT in the electronic valuation game.

Evaluating intangibles and anticipating earnings from loss-making companies are near-impossible tasks. But help is on the way in the form of a publication launched this week that offers institutional investors some guidance in the fast-changing e-world.

Asia eGuide Research Report, produced by investment bank Salomon Smith Barney, reports fortnightly on the internet economy and industry trends. It also tracks the performance of the bankÆs new Asian Internet Index, which covers 36 stocks in the region excluding Japan, Australia and New Zealand.

Pure internet plays that source most of their revenue from internet-related businesses dominate the index. But Pratik Gupta, head of Asia internet equity research at Salomon, says traditional...

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