RealTime IT News

Internets Caught in Downward Spiral

Shares of Internet companies were lower across the board Monday as investors eagerly await a crucial open-access vote in San Francisco.

internet.com's Internet Stock Index was off 15.55, or 3.09 percent, to 487.45, the Nasdaq Composite had fallen 29.99 to 2,662.41 and the Dow Jones industrial average was up 11.40 to 10,922.36.

Excite@Home (ATHM) was down 1/16 to 46 and AT&T Corp. (T) was up 11/16 to 54-11/16.

San Francisco officials are expected to vote later Monday on whether AT&T-controlled @Home will be forced to open its cable lines to competitors.

America Online Inc. (AOL) was off 5-3/4 to 102-3/16. The company Monday launched a new shopping service. It is also in the midst of a battle with Microsoft over its instant messaging product.

Amazon.com Corp. (AMZN) was off 4-11/16 to 109-7/8. The company reports earnings later this week.

Network Solutions Inc. (NSOL) had slumped 2-1/8 to 71-1/8. The company Monday launched its new Internet business directory which is drawing more antitrust scrutiny from the federal government.

Mail.com (MAIL) was up 2-1/16 to 22-1/16. The company on Monday signed a deal with AT&T to provide e-mail services to corporate customers. Also, Mail.com entered into a deal with Salomon Smith Barney to seek partnerships for 16 of its domains, including Asia.com, Europe.com, USA.com and India.com

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