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RealTime IT News

Feels Like A Bottom

For the second week in a row, most 'Net sectors post gains, though they aren't quite as robust as last week's.

Still, Internet investors have to feel a little less disoriented and dispirited as November gets under way. The freefall has ended (for now?) and there have been several strong trading sessions in recent days. Further, the Q3 earnings season, which has been brutal, is almost over.

I'm optimistic that we have a bottom and could see some decent gains between now and Christmas. But it's a lot closer to cautious optimism than irrational exuberance. In fact, it's not even cautious optimism; It's guarded relief. But these days, I can live with that.

*Market Cap figure is in millions unless otherwise noted.

  
PERFORMANCE BY SECTOR
                          Ave. 7-Day
                           % Change

Search/Portals              +14.2%
Security                     +9.0%
Advertising/Marketing        +7.6% 
Consultants/Designers        +4.2%
Internet Services            +3.8%
Speed/Bandwidth              +2.2%
Content/Communities          +2.1%
Performance Software         +0.9% 
ISPs/Access Providers        +0.9%  
E-tailers                    -0.8%
E-commerce Enablers          -1.0%
Financial Services           -3.4%
Wireless                     -6.6%
 
TOP 10 GAINERS             7-Day % Gain         Category

BWEB  BackWeb                65.6%        Performance Software
IVIL  iVillage               57.1%        Content/Communities
PILT  Pilot Network          50.0%        Security
NAVI  NaviSite               49.6%        Internet Services
MRCH  marchFIRST             47.8%        Consultants/Designers
WAVO  WAVO                   45.5%        Performance Software
NBCI  NBC Internet           45.0%        Content/Communities
IMNY  I-Many                 42.7%        E-Commerce Enablers
LTNX  Litronic               41.0%        Security
NTCR  NetCreations           40.7%        Advertising/Marketing

TOP 10 LOSERS              7-Day % Loss          Category
 
MDCM  Mortgage.com          -90.5%        Financial Services
TANN  Tanning Tech.         -38.1%        E-Commerce Enablers
NTGX  net.Genesis           -37.7%        Performance Software
TGLO  theglobe.com          -34.6%        Content/Communities
EPRS  Eprise                -34.0%        Performance Software
HGAT  HealthGate Data       -33.3%        Content/Communities
HCEN  HealthCentral.com     -30.4%        Content/Communities
ZIPL  Ziplink               -29.9%        ISPs/Access Providers
BRNC  Braun Consulting      -29.6%        E-Commerce Enablers
EGRT  Egreetings            -28.6%        Internet Services
 
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                             WIRELESS PRODUCTS/SERVICES

                         11/1   7-Day   7-Day  1-Month   YTD   Market
       Company          $Close $Change %Change %Change          Cap
                     
INSP  InfoSpace          22.94   2.63   12.9%  -50.1%  -62.1%    6.7B
GOAM  GoAmerica          11.06   1.25   12.7%    6.7%    N/A   568.4
PUMA  Puma               14.25   1.31   10.1%  -32.3%  -76.7%  602.9
VYYO  Vyyo               23.25   2.06    9.7%  -27.3%    N/A   872.8
IIIM  i3 Mobile           5.63   0.00    0.0%  -21.2%    N/A   128.3
PALM  Palm               54.56  -1.31   -2.3%    6.6%    N/A    30.9B
PHCM  Phone.com          91.88  -6.44   -6.5%    1.1%  -11.7%    7.6B
PRTH  Parthus            34.50  -3.00   -8.0%   -8.7%    N/A     1.8B
OMNY  OmniSky            13.38  -1.31   -8.9%    N/A     N/A   871.4
MCOM  Metricom           17.50  -1.81   -9.4%  -45.5%  -75.8%  537.5
GWRX  Geoworks            4.50  -0.47   -9.4%  -52.7%  -68.3%   97.4
RIMM  Research In Motion 95.88 -10.25   -9.7%   46.5%  171.0%    6.9B
SVNX  724 Solutions      29.13  -3.75  -11.4%  -38.0%    N/A     1.1B
AETH  Aether Systems     86.06 -14.56  -14.5%  -38.0%   24.6%    3.4B
WFII  Wireless Facil.