Chris Nerney

I saw another column elsewhere in cyberspace Wednesday that asked this provocative question: “Is The Internet Revolution Over?” Without saying so, the author seems to suggest as much, citing as evidence the large number of Internet companies losing money, market capitalization and, possibly, any hope of surviving. But the market always has expected there to […]

Most reports about the deal announced Wednesday between Amazon.com (AMZN) and NextCard (NXCD) to market a co-branded credit card have focused on its benefits to the online retail giant. Granted, the five-year agreement represents a bold move by Amazon.com to allow other companies to “monetize” its 13 million customers. And the $150 million in fees […]

The Internet IPO market is hotter than it’s been since last April, as numbers from the latest IPODEX and September public offerings show. More than 70 percent of the stocks listed in the current IPODEX – 32 out of 45 – have gained in value from their respective closing prices in September and October. But […]

Up until last Tuesday, shares of business-to-business Internet procurement software vendor PurchasePro.com (PPRO) were performing reasonably well, if not spectacularly. PPRO closed Nov. 1 at 40 1/8, or 54% higher than its closing price of 26 1/8 on Sept. 14, when the company went public. By last Friday, thanks to a couple of well-received deals […]

While Microsoft Corp.’s big day in court may be Friday — when a U.S. District Court judge is expected to issue a finding of fact in the Department of Justice’s anti-trust suit against the software giant – Internet investors could render a verdict next week on the company’s ability to spin off a successful consumer […]

It bills itself as the company that will knock Amazon.com (AMZN) off the top of the Internet e-tail food chain. A brash claim, but you’ve got to be impressed with Buy.com’s growth in the past year. With third-quarter revenues of $160 million, up 357% from Q3 ’98, the company generates more online sales than Egghead.com […]

Thanks in part to its pre-Internet brand strength and the high visibility of entertainment industry mogul and owner Barry Diller, Ticketmaster Online-CitySearch has captured most of the attention in the fast-growing market for online events tickets. But another Internet ticket vendor is preparing to challenge Ticketmaster (TMCS) with a multimillion-dollar advertising campaign and an initial […]

If you were building the perfect Internet IPO, what components would you use? Well, infrastructure plays are hot on Wall Street, so something that addresses bandwidth or storage constraints would be good. E-commerce software and services also are a current favorite among investors. And don’t forget Linux, the operating system that has become wildly popular […]

So far this year only six Internet IPOs out of more than 200 have finished their first day of trading at least 300% above their respective offer prices. Three of those came in October, helping to make the month the best since April in terms of IPO debuts, with an average first-day price jump of […]

You’d think revenue growth of more than 1,500% would impress investors, but the initial reaction to priceline.com’s Q3 report released late Thursday indicates otherwise. Shares of the “name-your-price” e-tailer’s stock were down more than 8% to 62 5/16 early Friday afternoon. In the quarter ended Sept. 30, priceline.com’s (PCLN) revenue skyrocketed to $152 million from […]

It’s become a familiar scenario: Amazon.com announces record quarterly revenues but warns of heavier future losses. And once again the market reacted with dismay, as (AMZN) shares fell in after-hours trading Wednesday to 72-3/4 from the 75 15/16 closing price. The stock was trading Thursday afternoon at 70 7/8, and had traded as low as […]

eBay sent a message to investors Tuesday that was unmistakable: The online auction leader is serious about solving the troublesome technological snafus that have led to numerous outages on its Web site. Investors reacted in predictably short-sighted fashion, focusing on the up-front costs of eBay’s infrastructure investment and thus sending shares of (EBAY) down from […]