Morgan Stanley and Internet Trends

Total Deck can be found here (pdf):

• Strong Internet user growth – fastest in non-US markets
• Strong broadband growth – with more upside
• Search continues to improve as content access tool
• Ongoing share gains to online from offline – large markets to tap
• Turf wars increasing – core / emerging businesses + M&A
• High level Web 2.0 trends are compelling
• Software as a service (SaaS) momentum = strong + broad-based
• Emerging Internet-enabled devices gaining traction