Red Menace Continues To Plague 'Net Tickers

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Aug. 4, 2000 - Last week only one Internet sector posted a (razor-thin) gain. The rest lost ground, with one group turning in double-digit losses.

This week there are no sectors in the black, while eight of 13 plunged more than 10%. That's because investors continue to see too much red in the quarterly reports bombarding Wall Street this earnings season.

The flow of Q2's soon will dwindle to a trickle, but the bad aftertaste could linger through Labor Day. Next week won't be as bad - we might even see a couple of sectors gain - but don't count on anything resembling a sustained rally. In this summer of uncertainty and gloom, the market just isn't ready.

  
PERFORMANCE BY SECTOR
                           Ave. 7-Day
                            % Change

Security                      -1.3%
Search/Portals                -8.6%
Content/Communities           -8.6%
Financial Services            -9.3%
Consultants/Designers         -9.6%
Advertising/Marketing        -11.6% 
ISPs/Access Providers        -12.6%  
E-tailers                    -14.0%
Performance Software         -14.5% 
Speed/Bandwidth              -14.9%
Wireless                     -15.2%
E-commerce Enablers          -15.3%
Internet Services            -17.5%

 
TOP 10 GAINERS                 7-Day % Gain     Category

NSSI   Network-1                  34.6%         Security
AXNT   AXENT                      33.1%         Security
DTHK   DigitalThink               17.8%         Content/Communities
SLTC   Selectica                  10.4%         E-Commerce Enablers
NTBK   Net.B@nk                    9.6%         Financial Services
EPRS   Eprise                      8.8%         Performance Software
SALN   Salon.com                   8.3%         Content/Communities
SGNT   Sagent Technology           8.2%         Performance Software
JPTR   Jupiter Comm.               8.0%         Internet Services
CSAV   coolsavings.com             8.0%         Advertising/Marketing

TOP 10 LOSERS                  7-Day % Loss     Category

DSLN   DSL.net                   -50.1%         ISPs/Access Providers
CLRN   Clarent                   -49.0%         Performance Software
RAMP   Ramp Networks             -46.1%         Speed/Bandwidth
LQID   Liquid Audio              -44.3%         E-Commerce Enablers
SNOW   Snowball.com              -43.1%         Content/Communities
NTGX   net.Genesis               -41.2%         Performance Software
VCNT   Vicinity                  -40.3%         Internet Services
SONE   S1 Corp.                  -40.2%         Performance Software
EXTN   Extensity                 -40.2%         Performance Software
CONV   Convergent Comm.          -39.8%         Internet Services

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                           WIRELESS PRODUCTS/SERVICES

                      8/2     7-Day   7-Day  1-Month   YTD   Market
      Company        $Close  $Change %Change %Change           Cap
                     
PALM  Palm            39.13    2.44    6.6%   22.5%    N/A    22.1B
GWRX  Geoworks        12.50   -1.13   -8.3%  -19.4%  -23.7%  232.7
PHCM  Phone.com       81.25   -8.50   -9.5%   13.6%  -28.4%    6.4B
PUMA  Puma Tech.      20.00   -2.19   -9.9%  -22.9%  -68.7%  838.5
IIIM  i3 Mobile       11.13   -1.31  -10.6%  -40.5%    N/A   252.6
DLK   Datalink.net    19.13   -3.37  -15.0%   43.7%  259.3%  267.9
AETH  Aether Systems 152.28  -28.84  -15.9%  -23.2%  117.2%    5.8B
MCOM  Metricom        32.75   -6.38  -16.3%   15.2%  -57.4%    1.0B
IWAV  interWAVE       14.25   -3.13