RealTime IT News

Staggering To The First-Half Finish Line

Hey, no one said this comeback stuff would be easy. After pulling out of a two-month tailspin that began in mid-March, Internet stocks this week gave back some of June's gains.

It's been rough going, and I expect more of the same through the summer as the shakeout continues. There's an awful lot of deadwood that needs to be cleared - especially in the e-tail and content sectors - before a lot of sideline money gets back into the game.

This week Internet StockTracker introduces the Wireless Products/Services sector. Most of its inhabitants come from other sectors, though a couple of hardware vendors (Palm and Handspring) are new to the Internet Stock List. Next week we'll review the first-half performance of each Internet company and sector. Until then, please enjoy a safe July 4 holiday.

Sector % Change
Performance Software +2.8%
Security +2.1%
Speed/Bandwidth +0.4%
Financial Services +0.2%
Wireless Products/Services -2.3%
Internet Services -3.0%
E-commerce Enablers -3.2%
Advertising/Marketing -3.4%
Content/Communities -4.1%
ISPs/Access Providers -4.8%
E-tailers -6.2%
Search/Portals -8.4%
Consultants/Designers -8.5%
Symbol Company % Gain Sector
GOAM GoAmerica, Inc. 36.8% Wireless
DRTN Data Return 34.9% Internet Services
SQSW Sequoia Software 34.1% Internet Services
SKIL SkillSoft 28.9% Internet Services