Chris Nerney

The damage varies depending on the sector, but details don’t much matter during a freefall. The bottom line is that Internet stocks once again can’t find a bottom, with all 13 sectors posting losses this week, though some weren’t egregious. However, it’s actually worse than it looks (if you can believe that), since many of […]

Not so long ago it took a bit of work to compile monthly and annual statistics for Internet IPOs. These days it’s a breeze. For the record, there were only five Internet-related IPOs in November – three fiber-optics plays and a pair of wireless offerings. Last month, the lone ‘Net ticker debut came from a […]

It has the highest burn rate among Internet companies, according to Barron’s. Its net loss for the third quarter was nearly double its loss in last year’s Q3. Its bizarre-looking stock chart shows that, from May through October, shares barely moved from $15. Yet, as noted in yesterday’s StockTracker, Internet marketing and mall kiosk network […]

For many months following the meltdown of Internet stocks that began in March, the number of ‘Net tickers hanging onto gains for the year held around 30 or so, occasionally bouncing up to three dozen. Now, as we slog toward December, the latest tech nosedive leaves us facing the sobering prospect that fewer than 10 […]

The presidential election, after nearly three weeks of delay and doubt, finally has been decided. Or maybe not. For while Florida’s secretary of state on Sunday certified the results and awarded 25 electoral votes to Texas Gov. George W. Bush, legal battles remain as Vice President Al Gore vows to fight in court to include […]

Exactly one year ago I wrote a column citing the many reasons why “Internet Investors Should Give Thanks.” This year’s column will be much shorter. At this point in 1999, internet.com’s Internet Stock Index was up 144.5% for the year. Through Tuesday’s trading, the ISDEX for 2000 is down a dismal 46.8%. Yet there are […]

Last week, in one of the more creative misuses of leading online trading community eBay , a presumably unauthorized seller put the U.S. presidency on the auction block, promising that the “high bidder will be flown in to Washington, D.C., to prepare for inauguration ceremonies and prepped for presidential duty.” After just a few hours […]

America Online and Time Warner can only look on with envy. Less than four months after announcing their $6.4 billion merger, wireless software developer Phone.com and Internet messaging software vendor Software.com on Monday became Openwave Systems. The new company began trading Monday under the Nasdaq symbol . AOL and Time Warner, in interminable contrast, have […]

They may still be fighting over the presidential vote count in the Sunshine State, but for Internet investors, the election results are in – and everybody lost. All 13 ‘Net sectors were down this week as the turmoil in Florida forces the market into a defensive shell. Some more bad earnings reports and the Fed’s […]

If it’s not earnings warnings, it’s the Florida presidential vote drama. If it’s not Florida, it’s the Fed’s policy on interest rates. Whatever the reason du jour, tech and Internet stocks continue to sputter and spin their wheels after showing signs of a comeback two weeks ago. The Nasdaq slipped 2% in the week of […]

Like virtually every other Internet company, its shares have been brutally beaten down this fall. But unlike those ‘Net players closing shop or issuing earnings warnings, optical networking company Sycamore Networks shows no sign of succumbing to the Great Internet Economy Implosion of 2000. Indeed, based on its Q1 revenues and upwardly revised forecasts, Sycamore […]

Last year, e-tailers found out there is no Santa Claus. This year they’re hoping there’s still a Christmas. As the fall ’99 shopping season approached, many e-tailers saw the projected record amount of online spending as a golden opportunity to capture permanent customers, vault into positions of market leadership and move boldly toward profitability. For […]