Asia to beat dotcom slump.(Internet stock slump will not stop Asian economic impetus)(Brief Article)

The Internet bubble might have burst, but Asia's "new economy" boom has only just begun and investors who ignore it do so at their peril, according to leading commentators.

In the wake of the Nasdaq-inspired slump in hi-tech shares, Asian investors are likely to seek refuge in "quality" new economy sectors with visible earnings, such as telecommunications.

Analysts are drawing a distinction between precocious dotcom upstarts and the new-economy players.

Royce Brennan, managing director of Investec Guinness Flight Asia Ltd, claims "Asia is right at the very early stages of the new economy".

"You've still got plenty of upside potential," said …