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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 ******************************************************************** 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.