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Election Anxiety Stalls 'Net Ticker Comeback - InternetNews.
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Election Anxiety Stalls 'Net Ticker Comeback

After two consecutive weeks in which most of our 13 Internet sectors gained, upward movement has stalled amid confusion and uncertainty surrounding this week's presidential election, with the Nasdaq falling 5.4% on Wednesday alone.

The real question is whether 'Net stocks will resume their comeback or begin looking for yet another bottom. Trouble is, we may not know that answer for some time, since legal challenges to Tuesday's vote loom in Florida and elsewhere.

Until we know who the next president will be, expect Internet stocks to be trapped in a lockbox of investor anxiety and doubt.

*Market Cap figure is in millions unless otherwise noted.

PERFORMANCE BY SECTOR Ave. 7-Day % Change Search/Portals +6.6% Financial Services +6.3% Wireless +3.3% Speed/Bandwidth +3.2% Content/Communities +1.9% Advertising/Marketing -0.5% E-commerce Enablers -0.7% Security -1.3% Internet Services -1.8% Performance Software -1.9% E-tailers -4.0% ISPs/Access Providers -6.3% Consultants/Designers -6.9% TOP 10 GAINERS 7-Day % Gain Category SGNT Sagent Tech. 59.5% Performance Software RAMP Ramp Networks 57.1% Speed/Bandwidth TPN TownPagesNet 54.0% Content/Communities GDEN Garden.com 53.8% E-tailers PKTR Packeteer 51.6% Speed/Bandwidth TREE LendingTree 46.9% Financial Services INIT Interliant 46.2% Internet Services AHWY audiohighway 37.5% E-tailers CLAI Claimsnet.com 37.5% Internet Services PPOD Peapod 36.4% E-tailers TOP 10 LOSERS 7-Day % Loss Category PSIX PSINet -68.4% ISPs/Access Providers XPDR Xpedior -59.0% Consultants/Designers ZIPL Ziplink -56.5% ISPs/Access Providers IPET Pets.com -52.9% E-tailers PCLN priceline.com -47.5% E-tailers SRCH US SEARCH.com -35.7% Internet Services MAIL Mail.com -34.5% Internet Services ETYS eToys -32.8% E-tailers NETZ Netzee -32.3% Internet Services ARTG Art Technology -31.4% E-Commerce Enablers KNOT The Knot -30.7% Content/Communities ******************************************************************** WIRELESS PRODUCTS/SERVICES 11/8 7-Day 7-Day 1-Month YTD Market Company $Close $Change %Change %Change Cap AETH Aether Systems 115.44 29.38 34.1% -38.0% 24.6% 4.5B IIIM i3 Mobile 6.75 1.13 20.0% -21.2% N/A 153.9 HAND Handspring 83.31 11.50 16.0% 69.3% N/A 10.5B GWRX Geoworks 5.19 0.69 15.3% -52.7% -68.3% 112.3 VYYO Vyyo 26.75 3.50 15.1% -27.3% N/A 1.0B RIMM Research/Motion 109.88 14.00 14.6% 46.5% 171.0% 7.9B PALM Palm 57.88 3.31 6.1% 6.6% N/A 32.8B PHCM Phone.com 96.88 5.00 5.4% 1.1% -11.7% 8.0B ULCM Ulticom 51.31 2.44 5.0% -18.1% N/A 1.9B PUMA Puma Technology 14.81 0.56 3.9% -32.3% -76.7% 626.7 IWAV interWAVE 4.31 0.13 3.0% -49.0% N/A 208.9 AVGO Avantgo 10.75 0.25 2.4% N/A N/A 358.5 INSP InfoSpace 23.06 0.13 0.5% -50.1% -62.1% 6.7B WFII Wireless Facil. 48.00 -3.44 -6.7% -24.7% 35.1% 2.0B GOAM GoAmerica 10.19