RealTime IT News

Internets Slip Past Indices

Internet stocks fared better than techs and blue chips Thursday, moved forward by several better-than-expected earnings reports.'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.

CMGI (CMGI) added 1-1/4 to 112-1/4. Lazard Freres initiated coverage of the incubator with a "buy" rating and $170 price target. (ANDN) matured 1-5/8 to 32-7/8. The Linux hub announced the acquisition of of, 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, 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 million shares. 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 than expectations.

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.