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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 ******************************************************************** 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