Java works the same way Perl does, except you might pre-compile Java source into Perl to reduce a bit of overhead on start time.
Performance-wise, Java is roughly the same speed as Perl. But, but, I would prefer Perl's powerful regexp, flexibility and clever idioms.
ASP? I can't see the comparison here. ASP vs CGI, not Perl. To compare ASP with Perl is like compare an apple to an orange. There is CGI mod_perl and there is also ASP Perl. You can do ASP in VB, VC, Perl etc. And the ASP syntaxing is ugly (my personal opinion and taste), the IIS has too many security holes.
Perl is not inferior to Java or ASP.
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