Internets Get Off to Slow Start
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After getting stained with a lot of red ink last week, Internet issues Monday were trying to mount a comeback but weren't having much luck.
Just before noon, internet.com's Internet Stock Index was up only 0.19, or .05 percent, to 420.85, the Dow Jones industrial average had climbed 31.67 to 10,745.70 and the Nasdaq Composite had added 5.45 to 2,553.42.
Shares of America Online Inc. (AOL) had jumped 3-5/8 to 88-3/8. The online service and AT&T Corp. are reportedly considering a deal that would allow AOL to offer its members high-speed Internet access over AT&T's cable lines.
Net2Phone Inc. (NTOP) had soared 4-7/16 to 20-15/16. General Electric's NBC broadcasing unit has agreed to market Net2Phone services. As part of the deal, NBC and Snap.com will acquire stakes in the company.
Juno Online Services Inc. (JWEB) gained 2-1/8 to 16-3/4. The Internet and e-mail provider has sealed a deal with Mail.com that will allow Juno members to send and receive e-mail through any computer connected to the 'Net.
Company managers plan to meet with analysts Monday to discuss the recent string of outages.
Up until now, Juno e-mail customers have been forced to use proprietary software.
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