'Net Tickers Sink In Sync With Reports Of Q2 Losses
Well, we've got another big week of Internet quarterly reports to come in this, the most important earnings season ever for Internet companies. And while some 'Net players have wowed the street with record revenue growth and profits, the vast majority continue to turn in net losses, most notably Amazon.com.
As expected, the market has reacted with extreme ire, driving down all sectors but one this week. Since most of the few dozen 'Net companies expected to release quarterlies in the next 10 days also will show losses, the gloom should carry well into August. That's what summer vacations are for.
PERFORMANCE BY SECTOR Ave. 7-Day % Change Wireless 0.8% Search/Portals -1.5% Content/Communities -2.1% ISPs/Access Providers -3.5% Speed/Bandwidth -4.6% Internet Services -5.6% Financial Services -5.8% Consultants/Designers -6.5% Security -7.1% E-commerce Enablers -7.6% E-tailers -7.7% Performance Software -9.9% Advertising/Marketing -11.3% TOP 10 GAINERS 7-Day % Gain Category KOOP drkoop.com 64.7% Content/Communities TPN TownPagesNet 34.8% Content/Communities EMUS EMusic.com 34.6% E-tailers PLRX PlanetRx.com 34.4% E-tailers FUSN Fusion Networks 34.1% Internet Services TANN Tanning Technology 33.9% E-Commerce Enablers LOIS Loislaw.com 33.1% Content/Communities MCOM Metricom 31.8% Wireless IZAP ZapME! 29.9% ISPs/Access Providers ILIF ilife.com 29.4% Content/Communities MRBA Marimba 29.4% Internet Services TOP 10 LOSERS 7-Day % Loss Category MPLX Mediaplex -55.4% Advertising/Marketing NTCR NetCreations -37.2% Advertising/Marketing GIGM GigaMedia -35.2% ISPs/Access Providers BFLY Bluefly -33.9% E-tailers CTCH CommTouch -32.4% Internet Services EFAX eFax.com -32.0% Internet Services CLIC Calico Commerce -30.6% E-Commerce Enablers AKAM Akamai Technologies -30.0% Speed/Bandwidth INSW InsWeb -29.4% E-tailers RAMP Ramp Networks -28.4% Speed/Bandwidth ******************************************************************** WIRELESS PRODUCTS/SERVICES 7/26 7-Day 7-Day 1-Month Market Company $Close $Change %Change %Change YTD Cap MCOM Metricom 39.13 9.44 31.8% 31.5% -50.4% 1.5B DLK Datalink.net 22.50 3.50 18.4% 73.9% 312.3% 315.2 AETH Aether Systems 181.13 14.13 8.5% -7.6% 152.0% 6.4B PHCM Phone.com 89.75 5.06 6.0% 32.0% -22.9% 7.9B PALM Palm 36.69 1.81 5.2% 36.5% N/A 20.7B PRTH Parthus Tech. 34.13 0.69 2.1% 33.5% N/A 1.7B HAND Handspring 38.69 -0.31 -0.8% 55.5% N/A 4.7B INSP InfoSpace 47.75 -0.50 -1.0% -19.4% -11.1% 10.3B VYYO Vyyo 35.38 -0.63 -1.7% 15.0% N/A 1.3B IWAV interWAVE 17.38 -0.56 -3.1% 50.3% N/A 779.9 GOAM GoAmerica 13.38 -0.56 -4.0% -16.7% N/A 601.9 SVNX 724 Solutions 40.25 -3.50 -8.0% -15.0% N/A 1.5B PUMA Puma Technology 22.19 -1.97 -8.1% -22.5% -66.1% 948.6 GWRX Geoworks 13.63 -1.81 -11.7% -14.