Financial Valuation ofWeb Sites: How Much is Internet Property Worth When It is On-Sold? Dr. Howard H Frederick Professor of Innovation & Entrepreneurship Director, New Zealand Centre for Innovation & Entrepreneurship Faculty a/Business, UNITEC Institute a/Technology Private Bag 92025, Auckland, New Zealand (o) +64-9-849-4180x 7016 (f) +64-9-815-4562 (m) +64-25-899-285 (e) hfi:edericl@,imitec.ac.nz Submission to Theme 1: ''The Internet and the Economic F oimdations of Commimication Infrastructures" of the Communication Technology Policy Section of IAMCR