This Is Not Your Father's ISDEX
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The beginning of the new year has brought some significant changes to internet.com's Internet Stock Index, or ISDEX. To meet our goal of making the 50-member ISDEX reflective of the larger Internet economy, we've removed 11 companies from the list and replaced them with 11 others.
Coming off the ISDEX are:
24/7 MediaAether SystemsAllaireAribaeToysmarchFIRSTpriceline.comPSINetSportsLine.comStarMedia NetworkWebMD
Here is a list of the newest ISDEX members, followed by short descriptions of each company:
Art Technology GroupArt Technology GroupAsia Global CrossingCacheFlowCommerce OneHotel Reservations NetworkMultex.comPalmRazorfishRed HatResearch In MotionSapient
Based in Cambridge, Mass., Art Technology Group sells e-commerce software, focusing on 1) Java-based application server software and 2) personalization and customer relationship management products for delivering targeted e-mails and advertisements, The company also offers Web design, consulting and support services. Competitors include BEA Systems and BroadVision. ARTG reported revenue of $46.3 million in Q3 and has been profitable for the past two quarters.
Asia Global Crossing
A provider of broadband IP-based data and voice communications, Asia Global Crossing is located in Beverly Hills, Calif., though it sells to corporations and telcos in the Asia and Pacific markets. Among its competitors are Japan's Nippon Telegraph and Telephone and Pacific Century CyberWorks of Hong Kong. AGCX lost $23.3 million, or 5 cents per share, in Q3.
An emerging contender in the caching market, CacheFlow makes "caching appliances" that store Internet data, thus saving users from having to access it through the original server. Customers include corporations (which use the devices for their intranets), ISPs and e-commerce Web sites. CFLO is challenging Inktomi in the caching market. CacheFlow had $32.5 million in revenues in the quarter ended in October - quadruple the year-ago quarter - but lost $25.6 million, or 75 cents per share. The company is located in Sunnyvale, Calif.
Headquartered in Pleasanton, Calif., Commerce One last year pushed itself onto the short list of prominent e-commerce software vendors. CMRC specializes in software that connects corporate buyers with suppliers around the world and has landed contracts to help build vertical trading communities in several industries. Top competitors include Oracle and Ariba. Sales in Q3 hit $112.7 million, though losses totaled $60.6 million, or 37 cents per share.
Hotel Reservations Network
Dallas-based Hotel Reservations Network is doing battle with companies such as priceline.com and Expedia in the war to sell hotel rooms to consumers in Europe and North America. Third-quarter revenues were $94.6 million, while net income was $1.9 million.
With scores of online and offline competitors, Multex has managed to build a business providing investment research reports that enabled it to turn a slight profit (1 cent per share) in Q3, its first time in the black. MLTX offers subscription and pay-per-view services to investment professionals, as well as free information on its Web sites and free newsletters for individual investors. Multex is based in New York.