Stocking Stuffers They're Not
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Though a brief post-Thanksgiving slump took some of the steam out of the recent Internet stocks, many are trading at highs not seen since last April and May.
And how high is high? A look at the latest numbers from internet.com's Internet StockTracker newsletter shows that 38 'Net companies are trading above $100 per share (the list is below), compared to 10 valued in triple digits on Sept. 1, and 12 on July 1.
The priciest shares belong to e-commerce software vendor Commerce One (CMRC) and infrastructure player Juniper Networks (JNPR). Commerce One was trading early Friday afternoon at 340, after having closed Thursday at 345. Juniper was up to 308-1/4 Friday after finishing Thursday at an even 300.
Back in early September and July, no 'Net stock was trading even close to $200 per share.
Not surprisingly, the number of companies now valued in excess of $1 billion is up dramatically. Currently 123 'Net companies carry a billion-plus valuation, compared 77 in September and 66 in July.
Here's a list of the highest-priced Internet stocks, with early Friday afternoon prices:
Commerce One $340.00 Juniper Networks $308.25 Yahoo! $253.88 Sycamore Networks $239.25 VeriSign $207.25 Ariba $206.88 Broadcom $206.63 Red Hat $205.50 Network Solutions $186.25 eBay $179.44 Allaire $174.00 Liberate Technologies $173.88 DoubleClick $171.69 Kana Communications $167.00 E.piphany $166.13 Phone.com $165.00 Internet Capital Group $164.88 Check Point Software $164.06 CMGI $160.25 RealNetworks $154.00 PurchasePro.com $149.75 Scient $146.75 Agile Software $143.00 Inktomi $141.75 Interwoven $138.00 Ask Jeeves $134.25 InfoSpace.com $129.25 F5 Networks $118.50 China.com $118.25 Exodus Communications $117.75 I2Technologies $116.06 Portal Software $114.50 Internet Initiative Japan $111.06 Broadvision $108.94 Software.com $107.00 InterNAP Network Services $106.25 Vignette $105.75 TIBCO $105.75
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