Steve Harmon

AOL, eBay, Mindspring all beat the Street’s expectations with a few of the toppers finding their way to the pole position of ISDEX performers. As a group the 50-stock bellwether ends up 9% since April 21. However, under the surface the number of new issues clamoring to get out the IPO gate may dilute the […]

internet.com’s ISDEX falls as profit takers move over to blue chips. Of the 50 stocks more than 75% lose ground today, sending ISDEX dropping 2.8% to 636.99. eBay’s (NASDAQ:EBAY) better-than-expected results yesterday are not enough to fuel a rise today in the sector. The snapshot: AOL (NYSE:AOL) beats the Street with better-than-expected results, posting $0.11 […]

The upcoming IPO of Web uber-design firm Razorfish may not have as much room to run as many Net stocks have lately if we compare it to already-public stablemates USWeb/CKS (NASDAQ:USWB) and Modem Media (NASDAQ:MMPT). The upstart company wants to sell 3 million shares at $11 or so through First Boston, valuing the company at […]

internet.com’s ISDEX continues its rebound, adding 27.37 points or 4.36% today as the brand leaders start posting better-than-expected results and some thought dead revived on deals. The snapshot: VocalTec (NASDAQ:VOCL) jumps 24% to $12 11/16 per share as the IP telephony pioneer inks a deal with Chinese telecom giant China Telecom for a 14-city trial […]

First reader up writes: “Steve, first of all thank you for putting the recent Internet stock downturn April 19 in perspective. Virtually all the news organizations on the Web and TV (print also) paraded out the ‘I told you so’ about Internet stocks and the bubble bursting theory. While these so-called ‘analysts’ spouted off I […]

internet.com’s ISDEX closes up 4% at 628.02 with a heavy dose of market leaders/brandshare buying across the 50-stock index. The snapshot: eBay (NASDAQ:EBAY) adds e-mail alerts for its trading customers that notify them when an item they seek becomes available. While I’m not a fan of eBay’s valuation (which seems a little frothy) I’ve always […]

Anybody who would have bought an Internet IPO in this table shown at the low would be up at least 13%. Some would have enjoyed as much as a 303% pop from the depths. As a group these stocks gained a blended 94% off their lows and as of yesterday’s close were off the highs […]

ISDEX edges higher today in trading, up 3.46% to 603.95, slightly outpacing the Dow and NASDAQ indices on an overall market upswing. Buoying Internet stocks are the series of positive first-quarter related news from the segment that reverses the correction experienced late last week and early this week. The snapshot: Sprint (NASDAQ:FON) plans to sell […]

Now that AOL has absorbed Netscape what on Earth does it mean? If rock singer John Cougar Mellencamp can forgive a little paraphrasing consider “the little ditty from Case and Pittman, two American’s online doing the best they can…Case said hey Bob let’s get Netscape for a moment; Bob says Steve let’s do the best […]

Overall ISDEX is half way back to its pre-correction levels with some strength in the sector based on guess? fundamentals. E*TRADE, Lycos, Infospace, Go2Net, Exodus, CNET, etc. report results and many announce stock splits. The snapshot: Spyglass (NASDAQ:SPYG) shows signs of life again with positive earnings for its $6.3 million revenue for its fiscal second […]

They huffed and puffed and blew the house down but it rebounded back. Internet stocks that is. ISDEX gains back half the losses from yesterday as investors can’t seem to keep a good thing down. Between Thursday of last week through Monday the correction was about 30% across the board making this a “true” correction […]

When the market moves in mysterious ways it’s important to keep the spotlight on performance. Yesterday we highlighted the drop from top and today I back out for a weekly review of where ISDEX is now vs. then. Off 10.6% is the short answer. Even after April 20’s buying binge in a majority of the […]