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RealTime IT News

Upward Drift Continues

Far be it from me to prematurely declare a rally in progress, but I couldn't help noticing that, after an August of solid gains, Internet stocks continue to rise through the first week of trading in September. On a percentage basis, evidence of a rally is clear: 60% of Internet stocks are up in the past month. Given the beating 'Net tickers have been taking since March, this northward trend is welcome indeed. However, before we veer toward irrational (or even sober) exuberance, it is my duty to point out that sector gains over the past two weeks have been, for the most part, rather slight. One bad week alone could undue the past three weeks of advances. Worse, the top-performing sector - and the only one to post consecutive double-digit gains - in the past two weeks has been the E-tailers. Maybe it's just me, but it's hard to get overly enthused when the walking dead are leading the charge. Here's some perspective: The closing stock prices of the top five gainers this week add up to $8.64.

*Market Cap figure is in millions unless otherwise noted.

PERFORMANCE BY SECTOR
                         Ave. 7-Day
                          % Change

E-tailers                   +13.4%
Search/Portals               +8.1%
Content/Communities          +5.1%
Financial Services           +3.7%
Performance Software         +3.3%
Internet Services            +2.6%
Wireless                     +2.2%
Security                     +1.9%
ISPs/Access Providers        +1.8%
E-commerce Enablers          +1.2%
Speed/Bandwidth              +1.1%
Advertising/Marketing        -3.9%
Consultants/Designers       -11.3%


TOP 10 GAINERS           7-Day % Gain        Category

BYND   Beyond.com            71.0%           E-tailers
KOOP   drkoop.com            68.6%           Content/Communities
HITS   Musicmaker.com        57.1%           E-tailers
EMUS   EMusic.com            56.0%           E-tailers
BGST   BigStar               50.0%           E-tailers
BUYX   BUY.COM               48.8%           E-tailers
IASIA  Asiacontent.com       46.7%           Content/Communities
NEOF   Neoforma.com          46.4%           E-Commerce Enabler
VSHP   VitaminShoppe.com     45.5%           E-tailers
STRM   StarMedia             43.5%           Search/Portals

TOP 10 LOSERS            7-Day % Loss        Category

VIAN   Viant                -44.0%           Consultants/Designers
IIXL   iXL Enterprises      -36.2%           Consultants/Designers
OGNC   Organic              -28.6%           Consultants/Designers
TANN   Tanning Tech.        -27.2%           E-Commerce Enablers
SCNT   Scient               -26.4%           Consultants/Designers
USIT   U.S. Interactive     -26.1%           E-Commerce Enablers
XCAR   XCare.net            -25.6%           E-Commerce Enablers
PASW   PASW                 -24.4%           Performance Software
RCOM   Register.com         -22.3%           Internet Services
IZAP   ZapME!               -22.0%           ISPs/Access Providers

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                            WIRELESS PRODUCTS/SERVICES

                       9/6    7-Day   7-Day  1-Month   YTD   Market
      Company        $Close  $Change %Change %Change          Cap

PRTH   Parthus Tech.   51.75   10.75   26.2%   84.8%    N/A     2.7B
IWAV   interWAVE       12.63    1.50   13.5%    1.0%    N/A   587.8
GWRX   Geoworks        12.25    1.19   10.7%    4.3%  -28.0%  265.2
INSP   InfoSpace       40.06    3.44    9.4%   27.7%  -26.3%    9.4B
PHCM   Phone.com       94.44    7.88    9.1%    3.6%  -19.8%    7.8B
MCOM   Metricom        38.50   -0.38   -1.0%   12.6%  -51.8%    1.2B
PALM   Palm            41.44   -0.50   -1.2%   10.1%    N/A    23.4B
AETH   Aether Systems 137.38   -2.38   -1.7%    1.0%   88.9%    5.3B
GOAM   GoAmerica       11.06   -0.38   -3.3%   26.4%    N/A   568.4
PUMA   Puma Technology 24.63   -0.88   -3.4		



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