RealTime IT News

Nets, Techs Lag As Blue Chips Gain

Internet and technology stocks gave back some of Monday's gains on Tuesday. But blue chip issues rose despite a lackluster earnings report from Dow component Procter & Gamble.

The ISDEX slipped 12 to 704, and the Nasdaq declined 32 to 3734. The S&P 500 added 5 to 1436, and the Dow rose 47 to 10,569. Volume rose to 395 million on the NYSE, but declined to 575 million on the Nasdaq. Advancers led by 14 to 10 on the NYSE, but decliners led 20 to 15 on the Nasdaq. The purchasing manager's survey for July came in unchanged at 51.8, ending a four-month decline, and holding above the important level of 50 that signals economic expansion. But the prices paid component came in higher than expected, raising mild inflation concerns. The big economic report for the week is Friday's July employment data. For earnings reports, visit our earnings calendar and reported earnings.

S1 Corp. lost more than 25%, falling 7 1/8 to 18 5/16. The company released earnings around noon Eastern Time that missed analysts' estimates.

Ariba slipped 2 3/16 to 113 3/4 despite news of an alliance with Lucent . Technical note: Ariba, a leader in the ISDEX's recent gains, barely maintained its uptrend during last week's selling, piercing it on an intraday basis. Competitor Commerce One , which experienced a failed breakout recently, is sitting right on its uptrend line at 41. One stock that did break its uptrend, Vignette , continued to show weakness, slipping another 1 3/4 to 32 1/8.

Red Hat gained 3/4 to 19 1/2 on news of an alliance with Ericsson.

Priceline.com gained 1 15/16 to 25 9/16 on news of $190 million in investments from Liberty Media and Paul Allen's Vulcan Ventures. Technical note: The stock appeared to break down out of a descending triangle at 32 last week, and could have further downside ahead.

Stocks that released earnings after the bell Monday met with mixed results.

barnesandnoble.com fell 13/16 to 4 5/16 after missing estimates by 9 cents with a 27-cent loss. Several brokerage firms downgraded the stock.

Expedia blew away estimates with a fourth-quarter loss of 30 cents a share, 17 cents better than estimates. But the stock slipped 1/8 after to 17 after trading as high as 19 7/8. internet.com , parent of this Web site, beat estimates by 3 cents with second-quarter earnings of 3 cents a share. The stock rose 11/16 to 19 11/16.

Radware beat estimates by 3 cents with 7-cent earnings, but the stock slipped 1 13/16 to 30 1/4. Digex beat estimates by 2 cents with a 54-cent loss, and a bullish conference call lifted the stock by 7 7/16 to 70 1/2. Liquid Audio beat estimates by a nickel with a 35-cent loss, but slipped 1 13/16 to 7 7/16. EDGAR Online missed estimates by a penny with a second-quarter loss of 15 cents, but the stock gained 7/16 to 3 11/16.

Drugstore.com soared 1 1/32 to 5 31/32 on an 83-cent loss, 14 cents ahead of estimates, and news of $63 million in financing.

Lionbridge missed estimates by 16 cents with a 33-cent loss, but the stock rose 3/4 to 8 1/2. Genuity beat estimates by 3 cents with a 23-cent loss, and the stock gained 1/4 to 8 3/8.

Juno Online beat estimates by 12 cents with a $1.11 loss. The stock gained 3/8 to 9 7/16. For more on Juno's broadband access deal with Time Warner announced yesterday, click here.

drkoop.com slid 3/32 to 1 1/16 on news that m