Let's Throw A Party
Granted, it's the equivalent of breaking up a no-hitter when your team is losing 10-0, but at least our long streak of weeks with no Internet sectors gaining ends at five.
Even with last Friday's huge recovery, though, only two 'Net groups - Wireless and Consultants/Designers - avoided losses for the week. We're still in the middle of a punishing earnings season, with any number of 'Net players expected to report red ink for the third quarter.
On the upside, there were some impressive earnings reports from a number of Internet powerhouses this week - America Online, Check Point Software and eBay, among others - so the bottom may finally be in sight.
*Market Cap figure is in millions unless otherwise noted.
PERFORMANCE BY SECTOR Ave. 7-Day % Change Wireless 3.1% Consultants/Designers 0.1% Internet Services -1.2% Performance Software -3.3% E-commerce Enablers -6.1% E-tailers -6.3% Security -7.2% Financial Services -8.6% Speed/Bandwidth -10.0% Search/Portals -10.6% Content/Communities -10.9% ISPs/Access Providers -11.0% Advertising/Marketing -24.6% TOP 10 GAINERS 7-Day % Gain Category BWAY Breakaway Solutions 102.2% Internet Services EQIX Equinix 95.5% Internet Services CVGP Convergent Group 61.9% Consultants/Designers GOAM GoAmerica 47.8% Wireless SFTY eSAFETYWORLD 43.8% E-tailers MPPP MP3.com 40.7% Content/Communities PASW PASW 35.0% Performance Software AVGO AvantGo 34.9% Wireless HAND Handspring 34.2% Wireless AHWY audiohighway.com 33.3% E-tailers TOP 10 LOSERS 7-Day % Loss Category PILT Pilot Network -80.2% Security COVD Covad Communications -62.5% Speed/Bandwidth IPIX Internet Pictures -62.4% Performance Software SGNT Sagent Tech. -55.6% Performance Software MYPT MyPoints.com -55.4% Advertising/Marketing APLN @Plan.Inc -55.4% Advertising/Marketing ACRU Accrue Software -54.5% Internet Services IVIL iVillage -50.0% Content/Communities SNOW Snowball.com -47.1% Content/Communities TERN Terayon -44.9% Speed/Bandwidth NTCR NetCreations -44.9% Advertising/Marketing ******************************************************************** WIRELESS PRODUCTS/SERVICES 10/18 7-Day 7-Day 1-Month YTD Market Company $Close $Change %Change %Change Cap GOAM GoAmerica 8.50 2.75 47.8% 6.7% N/A 436.7 AVGO AvantGo 14.50 3.75 34.9% N/A N/A 483.5 HAND Handspring 91.56 23.31 34.2% 69.3% N/A 11.5B PRTH Parthus 43.13 8.63 25.0% -8.7% N/A 2.2B PALM Palm 57.44 10.50 22.4% 6.6% N/A 32.5B OMNY OmniSky 15.69 2.00 14.6% N/A N/A 1.0B VYYO Vyyo 21.88 0.88 4.2% -27.3% N/A 821.2 PUMA Puma Tech. 12.88 -0.25 -1.9% -32.3% -76.7% 544.7 AETH Aether Systems 77.94 -5.25 -6.3% -38.0% 24.6% 3.0B PHCM Phone.com 83.69 -7.