Downward Drift Continues
This must be what it's like to play on a cellar-dwelling baseball team in the dog days of August. Week after week brings yet more frustration, more setbacks, more mind-numbing, soul-deadening disappointment. Yet you trudge on, because that is all you can do.
Am I glad I have another vacation coming up.
It was a down week for almost all 'Net sectors, with only Speed/Bandwidth showing a tiny sliver of a gain. This marks the second straight stay at the top for the infrastructure group, and its second consecutive weekly advance - pretty impressive considering the monthlong losing streak gripping Internet stocks as a whole.
How bad has it been? In the past four weeks, the 13 sectors have put together a paltry five gains. Which, if you're not keeping score, leaves 47 losses. And just like that forlorn baseball team, the misery won't end for Internet investors until sometime after Labor Day.
PERFORMANCE BY SECTOR Ave. 7-Day % Change Speed/Bandwidth 0.4% Financial Services -0.4% Search/Portals -0.4% Internet Services -0.5% Content/Communities -1.3% Advertising/Marketing -1.6% E-commerce Enablers -1.7% Consultants/Designers -2.5% Wireless -2.8% ISPs/Access Providers -4.4% Performance Software -6.1% Security -7.4% E-tailers -8.4% TOP 10 GAINERS 7-Day % Gain Category CLRN Clarent 64.3% Performance Software SABA Saba Software 50.0% E-commerce Enablers HGAT HealthGate 40.0% Content/Communities PCOR pcOrder.com 30.7% E-commerce Enablers GIGM GigaMedia 30.4% ISPs/Access Providers CFLO CacheFlow 28.6% Speed/Bandwidth FASH Fashionmall.com 27.4% E-tailers AMZN Amazon.com 25.1% E-tailers LINE onlinetrading.com 25.0% Financial Services RHAT Red Hat 24.3% Performance Software TOP 10 LOSERS 7-Day % Loss Category LOAX Log On America -44.0% ISPs/Access Providers IPET Pets.com -38.2% E-tailers ADBL Audible -33.9% E-tailers IMNY I-Many -33.5% E-commerce Enablers PLRX PlanetRx.com -30.4% E-tailers EVOK Evoke Communications -26.8% Internet Services CYSV Cysive -26.5% E-commerce Enablers ALOY Alloy Online -26.2% E-tailers QUOT Quotesmith.com -25.6% E-commerce Enablers HITS Musicmaker.com -25.0% E-tailers ******************************************************************** WIRELESS PRODUCTS/SERVICES 8/16 7-Day 7-Day 1-Month YTD Market Company $Close $Change %Change %Change Cap SVNX 724 Solutions 35.63 5.81 19.5% -18.6% N/A 1.3B HAND Handspring 41.00 5.69 16.1% 5.1% N/A 5.1B PRTH Parthus Tech. 30.00 2.00 7.1% -10.3% N/A 1.5B GOAM GoAmerica 9.00 0.25 2.9% -35.4% N/A 462.4 GWRX Geoworks 11.63 -0.13 -1.1% -24.7% -31.1% 216.4 MCOM Metricom 33.13 -1.06 -3.1% 11.6% -58.2% 1.0B AETH Aether Systems 129.50 -6.50 -4.8% -22.5% 79.5% 5.0B IIIM i3 Mobile 8.50 -0.50 -5.6% -46.5% N/A 193.0 PHCM Phone.com 84.94 -6.19 -6.8% 0.3% -27.3% 6.7B PALM Palm 33.75 -3.88 -10.3% -3.2% N