Internet stocks fared better than techs and blue chips Thursday, moved
forward by several better-than-expected earnings reports.
internet.com's Internet Stock Index rose 6.60 to 861.82, the Nasdaq
Composite fell 30.35 to 4039.56 and the Dow Jones industrial average slipped
4.97 to 11028.02.
added 1-1/4 to 112-1/4. Lazard Freres initiated coverage of the incubator
with a "buy" rating and $170 price target.
matured 1-5/8 to 32-7/8. The Linux hub announced the acquisition of of
QuestionExchange.com, a support site for Linux and Open Source.
Etoys Inc. (ETYS)
lost 4-3/8 to 16-7/8. The online toy retailer reported a quarterly loss of
52 cents a share, matching analyst estimates. Investors are concerned
following the announcement that competitor, KBKids.com has filed for an IPO.
Gainers included Exodus Communications Inc. (EXDS)
, up 9-15/16 to 129-15/16 after Paine Webber's John Hodulik came out with a
175 price target. Salomon Brothers also hiked its target by $15 to $155 and
Jefferies & Co. raised its price target to $160.
Sycamore Networks Inc. (SCMR)
rose 13-3/16 to 313-1/4. The fiber-optic equipment company late Wednesday
announced a 3-for-1 stock split.
Real Networks Inc. (RNWK)
gained 4-15/16 to 174-13/16. The streaming media giant Tuesday reported
better-than-expected quarterly results.
Healtheon/WebMD Corp. (HLTH)
jumped up 4-3/4 to 71-1/16. The company Thursday announced mutual fund
manager Janus Capital Corp. is investing $930 million and will receive 15
Women.com Networks Inc. (WOMN)
added 2-1/8 to 14-1/8. The Web site for women reported a
lower-than-expected loss and said its revenue tripled in the quarter.
Commerce One (CMRC)
fell 3-13/16 to 181-13/16 after falling big on Wednesday. The electronic
commerce company reported a quarterly loss of 16 cents a share, 1 cent lower
Broadvision Inc. (BVSN)
lost 5-15/16 to 146-1/8. The company reported a fourth-quarter income of 9
cents a share, 3 cents better than forecasts.
Allaire Corp. (ALLR)
plunged 18-3/8 to 153-1/2. The maker of Web development software announced a
2-for-1 stock split.