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RealTime IT News

Florida Fiasco Takes Toll On 'Net Tickers

They may still be fighting over the presidential vote count in the Sunshine State, but for Internet investors, the election results are in - and everybody lost.

All 13 'Net sectors were down this week as the turmoil in Florida forces the market into a defensive shell. Some more bad earnings reports and the Fed's continued anti-inflation stance, which leaves open the threat of interest-rate hikes, don't help.

At least the freefall that ensued in the first few days after the nation voted has abated. If a victor emerges over the weekend in Florida - or, more precisely, if a candidate finally concedes - then the market could shift into gear. However, if there is no firm resolution, look for more wheel-spinning. Unless, of course, the presidential battle drags on and on, in which case the market may finally ignore the whole depressing thing and get on with its business.

*Market Cap figure is in millions unless otherwise noted.

  
PERFORMANCE BY SECTOR

                           Ave. 7-Day
                            % Change

Security                      -2.6%
Wireless                      -6.1%
Performance Software          -7.3% 
E-commerce Enablers           -7.6%
Content/Communities           -9.5%
Search/Portals               -10.0%
Financial Services           -10.6%
Consultants/Designers        -11.7%
E-tailers                    -11.8%
Internet Services            -11.9%
Speed/Bandwidth              -12.1%
ISPs/Access Providers        -12.9%  
Advertising/Marketing        -13.7% 
 
TOP 10 GAINERS              7-Day % Gain     Category

MPPP    MP3.com                 65.0%        Content/Communities
MDCM    Mortgage.com            50.1%        Financial Services
USIX    USinternetworking       39.0%        Internet Services
EMUS    EMusic.com              37.5%        E-tailers
EPRS    Eprise                  34.5%        Performance Software
ECRU    E-Cruiter.com           34.0%        Internet Services
PPOD    Peapod                  33.3%        E-tailers
SCRM    ScreamingMedia          26.0%        Content/Communities
XCAR    XCare.net               24.1%        E-Commerce Enablers
LQID    Liquid Audio            22.5%        E-Commerce Enablers
OMNY    OmniSky                 22.4%        Wireless

TOP 10 LOSERS               7-Day % Loss     Category
 
VCIX    Virtual Communities    -83.3%        Performance Software
GDEN    Garden.com             -70.0%        E-tailers
NENG    Network Engines        -61.5%        Speed/Bandwidth
ICGE    Internet Capital       -45.4%        Financial Services
FUSN    Fusion Networks        -44.4%        Internet Services
TFSM    24/7 Media             -44.1%        Advertising/Marketing
PASA    quepasa.com            -40.0%        Content/Communities
DSLN    DSL.net                -38.6%        ISPs/Access Providers
VCNT    Vicinity Corp.         -38.0%        Internet Services
IBEM    iBEAM                  -37.9%        Speed/Bandwidth
 
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                           WIRELESS PRODUCTS/SERVICES

                       11/15  7-Day   7-Day  1-Month   YTD   Market
      Company         $Close $Change %Change %Change           Cap
                     
OMNY  OmniSky          12.13   2.22   22.4%    N/A     N/A   790.0
MCOM  Metricom         15.81   1.44   10.0%  -45.5%  -75.8%  485.7
WFII  Wireless Facil.  51.13   3.13    6.5%  -24.7%   35.1%    2.2B
PRTH  Parthus Tech.    29.38  -0.63   -2.1%   -8.7%    N/A     1.5B
IWAV  interWAVE         4.19  -0.13   -2.9%  -49.0%    N/A   202.9
ULCM  Ulticom          49.00  -2.31   -4.5%  -18.1%    N/A     1.8B
GOAM  GoAmerica         9.69  -0.50   -4.9%    6.7%    N/A   497.7
IIIM  i3 Mobile         6.31  -0.44   -6.5%  -21.2%    N/A   144.0
PHCM  Phone.com        90.31  -6.56   -6.8%    1.1%  -11.7%    7.5B
AETH  Aether Systems  106.75  -8.69   -7.5%  -38.0%   24.6%    4.2B
HAND  Hands