Internet stocks were just barely treading water in mid-day trading.
Incubators and business-to-business issues remained hot as a number of
acquisitions were announced.
At 12:00 p.m. Eastern, internet.com’s Internet Stock Index was up 2.62, or
0.28 percent, to 930.69, the Nasdaq Composite had gained 6.38 to 4401.83,
and the Dow Jones industrial average was up 108.90 to 10534.11.
Among the leaders, Cisco Systems Inc. (CSCO)
was off 1 to 129-15/16, Doubleclick
was up 2 to 113-1/8, eBay Inc. (EBAY)
was inching 1/8 higher to 153-1/2 and Yahoo!
had lost 2-3/4 to 168-5/8.
Internet Capital Group (ICGE)
announced it has acquired a $33 million stake in TALPX Inc, a company that
offers electronic trading to the North American lumber and panel industry.
Shares of ICGE were gaining 1/8 to 122.
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