BusinessWeek takes a look at internet stocks, finding that some may actually be worth some of the very high prices recently paid for acquisitions like those of Ask Jeeves, About.com and MarketWatch. Some, like ValueClick, are even trading at price-to-earnings ratios below their growth rates. Typically, when these PEG ratios go lower than 1.0, a stock is considered cheap. Prices have been wildly variable. About.com went for 23 times forward-looking revenues. Ask Jeeves went for roughly that multiple against actual profits.