RealTime IT News

Amid The Turbulence, Hopeful Signs

The Fall Internet World Trade Show is wrapping up this week in New York, and it has been a depressing experience. Attendance is down, and the general mood runs from subdued to dispirited to desperate, depending on your funding situation. There's a hangover feeling, which seems appropriate as this sobering year for 'Net investors staggers toward its finish.

Ironically, at the exact same time that an aura of gloom was enveloping the show, Internet stocks turned in their strongest performance in months, with 12 of sectors gaining this week. The bottom barely hinted at last week may finally be here. Indeed, the tremendous volatility seen even within one day's trading during the past week is another sign, since a market turnaround usually is a messy affair.

Be wary, however, for much of the upward thrust in some of this week's highest gaining sectors - yes, I mean Advertising/Marketing and E-tailers in particular - comes from stocks bouncing their way toward new lows. And when you bounce, sometimes you go up. Because of my Internet World schedule, my comments below are brief. But as usual, all the numbers are here.

*Market Cap figure is in millions unless otherwise noted.

                          Ave. 7-Day
                           % Change

Security                    +15.6%
Advertising/Marketing       +13.0% 
E-tailers                   +12.1%
Search/Portals               +9.3%
Financial Services           +9.0%
E-commerce Enablers          +8.2%
ISPs/Access Providers        +8.0%  
Wireless                     +7.4%
Performance Software         +5.1% 
Internet Services            +4.7%
Consultants/Designers        +3.9%
Speed/Bandwidth              +4.9%
Content/Communities          -2.5%

TOP 10 GAINERS              7-Day % Gain     Category

EFTD    FTD.COM                 104.0%       E-tailers
PCOR    pcOrder.com             100.0%       E-Commerce Enablers
TLCT    Telocity                 80.0%       ISPs/Access Providers
COVD    Covad                    78.1%       Speed/Bandwidth
SNOW    Snowball.com             72.2%       Content/Communities
HSAC    High Speed Access        68.8%       Speed/Bandwidth
BFRE    Be Free                  68.1%       Advertising/Marketing
WGRD    WatchGuard               61.7%       Security
KOREA   Korea Thrunet            58.3%       ISPs/Access Providers
KANA    Kana                     58.2%       Internet Services

TOP 10 LOSERS               7-Day % Loss     Category
MRCH    marchFIRST              -59.4%       Consultants/Designers
CYLK    Cylink                  -40.1%       Security
WBVN    Webvan Group            -36.0%       E-tailers
AVSR    Avistar                 -29.9%       Performance Software
USIX    USinternetworking       -28.6%       Internet Services
AVCI    Avici Systems           -28.1%       Speed/Bandwidth
TUTS    Tut Systems             -27.5%       Speed/Bandwidth
NEOF    Neoforma.com            -27.4%       E-Commerce Enablers
WAVO    WAVO                    -26.7%       Performance Software
OTGS    OTG Software            -25.7%       Performance Software

                             WIRELESS PRODUCTS/SERVICES

                       10/25  7-Day   7-Day  1-Month   YTD   Market
      Company         $Close $Change %Change %Change          Cap
AETH  Aether Systems  100.63  22.69   29.1%  -38.0%   24.6%    3.9B
INSP  InfoSpace        20.31   3.81   23.1%  -50.1%  -62.1%    5.9B
GWRX  Geoworks          4.97   0.84   20.5%  -52.7%  -68.3%  107.6
WFII  Wireless Facil.  60.75  10.25   20.3%  -24.7%   35.1%    2.6B
PHCM  Phone.com        98.31  14.63   17.5%    1.1%  -11.7%    8.1B
MCOM  Metricom         19.31   2.81   17.0%  -45.5%  -75.8%  593.2
GOAM  GoAmerica         9.81   1.31   15.4%    6.7%    N/A   504.2
IWAV  interWAVE         5.56   0.69   14.1%  -49