Chris Nerney

With little more than one quarter of trading left in the year, it’s now clear that even the strongest of fall rallies will leave the vast majority of Internet stocks in the red. Only 27 of 293 ‘Net stocks, or a paltry 9.2%, that have been trading since last Dec. 31 are up through Tuesday’s […]

I’ve never seriously thought the $143 billion merger of America Online and Time Warner could be derailed – and I still believe the deal will go through – but it’s clear that European regulators may pose a genuine threat to the proposed marriage of old and new media giants. Perhaps the European Commission merely is […]

For investors in e-commerce application development software vendor Allaire , September has been a schizophrenic month. It has featured several votes of confidence from Wall Street. Hoak Breedlove Wesneski raised its rating of ALLR to “strong buy” from “buy” on Sept. 1; Legg Mason Wood Walker reiterated a “buy” rating a week later; last Monday, […]

First of all, I’d like to note that there’s almost a week left to the summer, so those of you awaiting a fall rally should remain calm. Having said that, this week’s results are exactly what I warned about last Friday. (“One bad week alone could undue the past three weeks of advances.”) After starting […]

After building momentum in August for a widely predicted fall rally, Internet stocks have sputtered so far this month amid general investor anxiety over Q3 earnings. internet.com’s Internet Stock Index, or ISDEX, has slipped 6.9% in September, faring only slightly better than the Nasdaq, which is off 7.4%. September’s performance represents a sharp reversal from […]

When it launched in late July, the initial public offering of high-speed router maker Avici Systems looked like a throwback to last year’s red-hot Internet IPO market. A challenger to Cisco Systems , Juniper Networks and Lucent Technologies in the booming high-end Internet router market, Avici soared 212% on its opening day of trading on […]

On Monday I wrote about the largest Internet companies in terms of market capitalization, and how this group has evolved over the past year. The current crop of largest ‘Net players is dominated by infrastructure, B2B e-commerce and Web services providers, a marked change from a year ago, when consumer-oriented companies such as Amazon.com , […]

Over the past two years, the Internet stock universe has experienced unprecedented change and growth, with the number of publicly traded ‘Net companies increasing fivefold to more than 400. Yet during this time, through exhilarating run-ups and stomach-churning crashes, one fact has shone as bright and constant as the North Star: Cisco Systems , America […]

Far be it from me to prematurely declare a rally in progress, but I couldn’t help noticing that, after an August of solid gains, Internet stocks continue to rise through the first week of trading in September. On a percentage basis, evidence of a rally is clear: 60% of Internet stocks are up in the […]

Anybody still harboring delusions regarding the outcome of the battle over online distribution of music is advised to consider the following news items: A New York judge on Wednesday ruled that MP3.com should pay up to $250 million to Universal Music Group for willfully violating copyright laws by digitally copying songs from UMG artists for […]

Amazon.com last week made clear what many customers already knew to be true: The Internet retailing giant considers the personal information it gathers from members to be its own property, and thus will do whatever it wants with the data, including selling it. While that wasn’t Amazon.com’s intended message, it is the bottom line. The […]

Last quarter, online auction giant eBay saw registered users nearly triple to 15.8 million from Q2 ’99, while hosted auctions rose 113% to 62.5 million and revenues climbed 97% doubled to $97.4 million. Last week, online auction technology provider FairMarket announced that founder, president and CEO Scott Randall will step down, to be replaced by […]