RealTime IT News

Internet Scorecard Tells Grim Story

Last Friday we looked at the recent average performance of the 12 Internet sectors tracked by internet.com's Internet Stock Report, concluding that the market appears close to finding a bottom.

Today we'll look at the report cards for the best- and worst-performing Internet stocks since the beginning of the year.

First, some big-picture numbers. Heres a rough breakdown of how the 302 Internet companies we track have fared since Jan. 3:

Gained 50% or more 8 companies
Gained 20%-50% 16
Gained up to 20% 10
Lost up to 20% 30
Lost 20%-50% 93
Lost 50% or more 145

The above numbers tell a grim story: Only 11% of Internet stocks trading all year were up through April, while nearly half have lost more than 50% of their value.

Worse, 10 Net stocks have dropped more than 80% so far this year. Those are listed at the bottom of this column. First, though, lets look at the top gainers through the first four months of 2000.

GENIGenesisIntermedia.com 180%
JNPRJuniper Networks 88%
TIBXTibco Software 75%
CHKPCheck Point Software 75%
INKTInktomi 74%
IDTCIDT Corp. 68%
CAVNCavion Technologies 62%
WGRDWatchGuard Technologies 60%
TERNTerayon Communications 48%
PRFTPerficient 45%

The top gainers lean heavily toward network performance companies and security vendors. What you dont see are e-commerce software companies, among the hottest bets last year.

Now lets look at the investor nightmares: Companies that are returning less than 20 cents on the dollar so far this year:

INSWInsWeb -88%
TCTYTalk City -87%
INSOInso -86%
NCNTNetcentives -84%
SQSTSciQuest.com -84%
LOISLoislaw.com -82%
BLSWBluestone Software -82%
LUMTLuminant Worldwide -81%
FSHPFreeShop.com -80%
ESTME-Stamp -80%

Not surprisingly, the list of big losers contains a number of companies from troubled sectors, including content and e-tailers. You can count on many companies in the above lost disappearing before the end of the year.

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