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<a href="http://msdn.microsoft.com/en-us/library/ms474356.aspx" rel="ugc">This</a> link should help clear things up.
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I will appreciate if someone can explain me what does sharepoint-80 mean. <br />
I know it refers to a port under inetpub/wwroot. But, I actually want to grasp the basic understand for this folder ?
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I will appreciate if someone can explain me what does sharepoint-80 mean. 
I know it refers to a port under inetpub/wwroot. But, I actually want to grasp the basic understand for this folder ?

What does 'sharepoint-80' mean ?

Microsoft applications include a variety of software programs, including development and digital authoring programs (Expression and Media Center), educational programs, Internet software, including Essentials, Skype and the Live family, anti-virus, productivity applications and suites like Office, Excel, Word, Outlook, Access and PowerPoint, video games and server applications such as Exchange, SharePoint, IIS and Virtual Server.

Microsoft Applications

Microsoft server applications are those applications developed specifically, but not necessarily exclusively, on the Windows Server platform. In addition to well-known products like SQL Server, Exchange, Internet Information Services (IIS), Microsoft Dynamics, Forefront, Lync and Sharepoint, they include applications like Skype, BizTalk, Hyper-V, Groove and Commerce Server. Server applications are managed with the Microsoft System Center.

Microsoft Server Apps

Most development for the Microsoft platform is done utilizing the technologies supported by the.NET framework. Other development is done using Visual Basic for Applications (VBA) for programs like Access, Excel, Word and Outlook, with PowerShell for scripting, or with SQL for large databases.