For most of the summer, investors watched anxiously as Internet
stocks struggled to recover from the twin body blows dealt in March
and April, when the large bubble clouding market clarity regarding
overvalued ‘Net companies finally burst, in spectacular and painful
fashion. Many, including myself, expected this summer’s shakeout
to be followed by a rally beginning in the fall. The theory was
that investors would start betting on obvious winners, while the
losers would fade away. Now it looks as though the market isn’t
quite done shaking, and the long-awaited fall rally may be more
fervent hope than foregone conclusion. For the fourth consecutive
week, all 13 Internet sectors finish down, a losing streak that
equals any from the dark days of March and April. Does this mean
there won’t be a fall rally, an autumn ascent? No, but if things
don’t turn around soon, any run-up at the end of the year may merely
get us back to where we are now, peering up at the heights from
which ‘Net stocks fell this year and wondering if we’ll ever get
anywhere close to that point again. The good news (as if there
really is any) is that this week’s losses aren’t nearly as bad
as last week’s, indicating the freefall may be ending. If so, that
may be because the market already has reacted to Q3 earnings, many
of which have been preceded by warnings that have driven down
shares across all ‘Net sectors.
* Market Cap figures are in millions.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
Advertising/Marketing -0.3%
Security -0.9%
Consultants/Designers -1.8%
Content/Communities -4.5%
ISPs/Access Providers -4.7%
Financial Services -4.9%
Speed/Bandwidth -7.0%
Performance Software -7.1%
Wireless -8.2%
Internet Services -8.4%
E-commerce Enablers -8.6%
Search/Portals -8.8%
E-tailers -10.8%
TOP 10 GAINERS 7-Day % Gain Category
NCNT Netcentives 79.7% Advertising/Marketing
EELN E-LOAN 41.8% Financial Services
SWBD Switchboard 35.2% Content/Communities
VMDC VantageMed 33.3% Performance Software
AWEB Autoweb.com 31.4% E-Commerce Enablers
MMPT Modem Media 27.3% Consultants/Designers
HSTM HealthStream 27.3% Content/Communities
LOAX Log On America 27.3% ISPs/Access Providers
HOTJ HotJobs.com 24.3% Internet Services
STAD Student Advantage 22.8% Content/Communities
TOP 10 LOSERS 7-Day % Loss Category
NETP Net Perceptions -63.1% E-Commerce Enablers
PKSI Primus Knowledge -60.4% Performance Software
GDEN Garden.com -54.5% E-tailers
PRVW Preview Systems -52.8% E-Commerce Enablers
LPSN LivePerson -52.0% Internet Services
ACRU Accrue Software -50.7% Internet Services
CLIC Calico Commerce -43.0% E-Commerce Enablers
RAMP Ramp Networks -42.9% Speed/Bandwidth
CAVN Cavion -42.4% Internet Services
AHWY audiohighway.com -41.7% E-tailers
********************************************************************
WIRELESS PRODUCTS/SERVICES
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
IWAV interWAVE 9.25 0.75 8.8% -26.7% N/A 448.2
PRTH Parthus Tech. 41.50 2.44 6.2% -19.8% N/A 2,139.9
WFII Wireless Facil. 59.44 -1.63 -2.7% -19.1% 39.6%
2,509.8
INSP InfoSpace 27.50 -1.06 -3.7% -31.4% -47.3% 6,428.8
PUMA Puma Technology 18.69 -0.94 -4.8% -24.1% -70.7% 790.6
SVNX 724 Solutions 45.25 -2.75 -5.7% 0.3% N/A 1,699.4
PHCM Phone.com 112.06 -8.31 -6.9% 18.7% -1.0% 9,280.6
PALM Palm 45.44 -3.44 -7.0% 9.7% N/A 25,687.9
IIIM i3 Mobile 6.00 -0.50 -7.7% -28.4% N/A 136.8
VYYO Vyyo 28.13 -2.38 -7.8% -10.0% N/A 1,055.8
HAND Handspring 60.00 -7.31 -10.9% 99.2% N/A 7,526.2
MCOM Metricom 22.44 -3.06 -12.0% -41.7% -70.8% 689.2
AETH Aether Systems 90.00 -15.00 -14.3% -34.5% 28.7% 3,517.1
OMNY OmniSky 15.50 -3.00 -16.2% N/A N/A 1,009.9
AVGO Avantgo 16.56 -3.44 -17.2% N/A N/A 552.3
GOAM GoAmerica 6.75 -1.50 -18.2% -39.0% N/A 346.8
GWRX Geoworks 6.19 -1.47 -19.2% -49.5% -62.2% 134.0
---------------------------------------------------------------------
Wireless Ave. -8.2%
A bad week for the top-performing Internet sector during the entire
third quarter, with only two gainers. Wireless network products
maker interWAVE Communications International lands a three-year,
$15 million contract with U.S. PCS operator Blue Sky Communications.
Two companies that went public in late September, OmniSky and Avantgo,
have come crashing back to earth after a pair of quick starts.
Despite losing nearly 11% this week, wireless device seller Handspring
has virtually doubled in price over the past month, making it the
top ‘Net stock during that period.
SEARCH/PORTALS
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
AOL America Online 58.65 5.15 9.6% 4.7% -20.3% 136,309.2
ASKJ Ask Jeeves 17.50 0.44 2.6% -38.3% -84.1% 624.3
AOLA AOL/Latin Amer. 7.94 0.13 1.6% -5.2% N/A 2,083.7
DIG Disney-Internet 9.94 0.13 1.3% -35.6% -57.1% 1,548.1
YHOO Yahoo! 87.94 -2.44 -2.7% -21.5% -58.4% 48,307.3
STRM StarMedia 6.44 -0.38 -5.5% -43.7% -83.5% 423.7
LCOS Lycos 63.63 -3.80 -5.6% -11.4% -18.1% 7,024.5
NTES Netease 5.00 -0.50 -9.1% -21.6% N/A 71.5
SOHU Sohu.com 5.44 -0.59 -9.8% -21.6% N/A 169.8
GOTO GoTo.com 13.19 -1.81 -12.1% -40.4% -77.0% 688.3
CHINA Chinadotcom 11.75 -1.75 -13.0% -34.5% -69.4% 1,026.6
BOUT About.com 31.31 -6.19 -16.5% -22.1% -64.3% 565.3
LOOK LookSmart 8.94 -3.25 -26.7% -46.6% -66.1% 801.1
SINA SINA.com 9.94 -6.06 -37.9% -56.1% N/A 406.8
---------------------------------------------------------------------
Search/Portals Ave. -8.8%
America Online finally caught a break in its bid to merge with
Time Warner on Thursday when the entertainment giant called off
another proposed merger, this one between its Warner Music Group
and EMI. The potential of those two music publishers dominating
the market for online music distribution has been causing European
regulators great stress. Now it’s likely that they will give the
green light to AOL-Time Warner, eliminating a major obstacle. AOL
shares reacted by rising nearly 5% on Thursday to close at $61.50,
the first time shares have finished above $60 since July 20.
Several China stocks take the plunge after the Chinese government
issued tough new regulations for Internet companies, including
limits on foreign investment and chilling hints of reprisals against
companies allowing “subversive” content.
CONTENT/COMMUNITIES
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
SWBD Switchboard 7.56 1.97 35.2% -11.7% N/A 186.5
HSTM HealthStream 2.63 0.56 27.3% -4.5% N/A 52.5
STAD Student Advantage 7.75 1.44 22.8% -8.8% -64.2% 279.9
IVIL iVillage 3.50 0.44 14.3% -49.6% -82.3% 104.0
EWBX EarthWeb 10.25 1.25 13.9% -15.9% -79.1% 106.7
NBCI NBC Internet 6.94 0.75 12.1% -35.5% -90.8% 433.8
DTHK DigitalThink 43.63 3.38 8.4% 13.5% N/A 1,489.4
EDGR EDGAR Online 4.69 0.25 5.6% -10.7% -34.9% 58.4
TURF iTurf 1.19 0.06 5.6% -30.2% -90.2% 25.1
MLTX Multex.com 17.75 0.75 4.4% -25.1% -51.7% 539.4
SALN Salon.com 1.56 0.06 4.2% -21.9% -68.0% 21.7
ONES OneSource 11.38 0.38 3.4% 4.6% -13.3% 132.9
HGAT HealthGate Data 1.06 0.03 3.0% -32.0% N/A 19.0
VERT VerticalNet 32.44 -0.19 -0.6% -38.5% -59.5% 2,792.8
HOMS Homestore.com 42.50 -0.75 -1.7% -16.3% -41.4% 3,483.9
CNET CNET Networks 25.56 -0.56 -2.2% -14.5% -53.9% 2,223.6
MPPP MP3.com 4.00 -0.09 -2.3% -49.2% -87.1% 272.7
ZDZ ZDNet 15.00 -0.38 -2.4% -14.3% -26.8% 1,129.3
GNET Go2Net 49.63 -1.75 -3.4% -31.3% -41.6% 1,557.2
HOOV Hoover's 6.50 -0.25 -3.7% -2.8% -23.9% 84.6
LAUN Launch Media 6.50 -0.25 -3.7% -8.8% -64.8% 88.2
NETR NetRadio 1.38 -0.06 -4.3% -21.4% -82.9% 13.8
INTM internet.com 27.06 -2.25 -7.7% -5.7% -46.9% 679.1
SCRM ScreamingMedia 9.00 -0.75 -7.7% -19.6% N/A 336.8
SPLN SportsLine.com 13.13 -1.31 -9.1% -27.3% -73.2% 346.7
PASA quepasa.com 0.88 -0.09 -9.7% -24.3% -92.9% 16.4
ARTD Artistdirect 1.13 -0.13 -10.0% -50.7% N/A 41.5
VDAT Visual Data 3.09 -0.34 -10.0% -34.9% -72.4% 26.0
TSCM TheStreet.com 4.00 -0.56 -12.3% -52.9% -78.6% 107.2
QKKA Quokka Sports 3.44 -0.50 -12.7% -47.6% -73.2% 159.3
TPN TownPagesNet 1.25 -0.19 -13.2% -37.5% -75.0% 12.0
KOOP drkoop.com 1.13 -0.17 -13.3% -50.4% -90.3% 39.3
MKTW MarketWatch.com 6.88 -1.13 -14.1% -42.1% -80.7% 112.9
INFO Infonautics 2.19 -0.38 -14.6% -32.7% -68.0% 26.7
IASIA Asiacontent.com 2.39 -0.42 -15.0% -42.0% N/A 82.1
KNOT Knot 3.06 -0.56 -15.5% -2.0% -62.8% 44.8
TGLO theglobe.com 0.84 -0.16 -15.6% -41.3% -89.7% 26.2
IMPV ImproveNet 1.63 -0.34 -17.5% -21.2% N/A 27.2
WOMN Women.com 2.25 -0.50 -18.2% -30.8% -83.8% 105.3
HCEN HealthCentral.co 1.91 -0.47 -19.7% -51.6% -73.3% 86.1
TCTY Talk City 1.00 -0.38 -27.3% -38.5% -96.1% 25.0
LOIS Loislaw.com 3.81 -1.81 -32.2% -51.6% -90.0% 80.2
SNOW Snowball.com 1.25 -0.69 -35.5% -52.4% N/A 46.9
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Content/Comm. Ave. -4.5%
Internet directory and local merchant network provider Switchboard
bounces of last Wednesday’s all-time low closing price of $5.59 to
top this group. “Gen i” content network Snowball.com warns that
Q3 revenue will be lower than expected, but that net loss will
be lower than last quarter’s. Shares of SNOW are trading at all-time
low prices. Loislaw.com loses its president, CFO and a member of
the board all in one fell swoop. That’s because they all were the
same guy, Mark Beyland.
E-TAILERS
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Ch
ange %Change %Change Cap
BFLY Bluefly 2.88 0.38 15.0% -22.0% -71.4% 14.2
ALOY Alloy Online 8.50 0.94 12.4% -1.4% -44.7% 177.7
CTIX Cheap Tickets 10.63 1.13 11.8% 5.6% -20.5% 257.5
AMEN Crosswalk.com 1.56 0.13 8.7% -21.9% -68.8% 12.2
TIXX Tickets.com 1.22 0.03 2.6% -29.1% -91.3% 72.1
EBAY eBay 64.63 1.13 1.8% -1.5% 5.8% 17,346.3
FASH Fashionmall.com 2.22 0.03 1.4% -9.0% -48.8% 16.6
LMIN Lastminute.com 10.00 0.00 0.0% -23.8% N/A 300.7
VSHP VitaminShoppe.com 1.00 0.00 0.0% -33.3% -88.8% 20.4
ETYS eToys 4.91 -0.03 -0.6% -23.0% -80.9% 598.6
FATB Fatbrain.com 3.84 -0.03 -0.8% 6.0% -84.3% 50.1
SKDS SmarterKids.com 1.72 -0.03 -1.8% 5.8% -75.7% 35.4
TMCS Ticketmaster 15.44 -0.31 -2.0% -33.4% -58.9% 1,364.5
BYND Beyond.com 0.97 -0.03 -3.1% -41.5% -87.3% 36.9
BUYX BUY.COM 2.91 -0.09 -3.1% -27.4% N/A 381.3
COOL Cyberian Outpost 3.88 -0.13 -3.1% -18.4% -60.1% 110.3
SFTY eSAFETYWORLD 1.25 -0.06 -4.8% -28.6% N/A 3.8
AMZN Amazon.com 36.00 -1.88 -5.0% -21.5% -51.6% 12,811.1
ROOM Hotel Network 35.00 -1.88 -5.1% -7.6% N/A 1,932.3
EFTD FTD.COM 2.00 -0.13 -5.9% -22.0% -61.0% 97.3
ESTM E-Stamp 0.97 -0.06 -6.1% -41.5% -95.5% 38.6
PPOD Peapod 1.19 -0.09 -7.3% -40.6% -85.9% 21.3
EBKR Ebookers.com 5.13 -0.63 -10.9% -25.5% -69.7% 87.2
ADBL Audible 1.09 -0.16 -12.5% -51.4% -92.5% 30.1
PLRX PlanetRx.com 0.44 -0.06 -12.5% -36.3% -96.9% 22.6
EGGS Egghead.com 2.16 -0.31 -12.7% -31.0% -86.4% 91.3
PCLN priceline.com 9.38 -1.38 -12.8% -65.9% -79.7% 1,562.2
IPET Pets.com 0.66 -0.12 -16.0% -32.3% N/A 19.2
HITS Musicmaker.com 0.47 -0.09 -16.7% -65.9% -91.8% 15.5
INSW InsWeb 1.94 -0.44 -18.4% -22.5% -92.2% 68.2
BNBN barnesandnoble.com 4.38 -1.00 -18.6% -2.8% -68.4% 639.4
EMUS EMusic.com 1.31 -0.31 -19.2% -46.1% -86.9% 56.6
ASFD Ashford.com 2.75 -0.69 -20.0% -21.4% -74.4% 124.4
WBVN Webvan 2.00 -0.63 -23.8% -50.8% -87.6% 665.9
BGST BigStar 0.47 -0.16 -25.0% -47.4% -93.8% 4.8
VSTY Varsity Group 0.66 -0.25 -27.6% -36.4% N/A 10.3
DSCM Drugstore.com 2.91 -1.34 -31.6% -46.6% -91.8% 154.3
EXPE Expedia 9.63 -5.13 -34.7% -39.8% -71.8% 464.1
SQST SciQuest.com 4.50 -2.63 -36.8% -58.9% -94.2% 130.5
AHWY audiohighway.com 0.44 -0.31 -41.7% -63.1% -94.8% 2.8
GDEN Garden.com 0.63 -0.75 -54.5% -61.5% -92.6% 11.0
-----------------------------------------------------------------------
E-tailers Ave. -10.8%
Bluefly may lead the sector this week, but the excitement generated
in late August by news that it had expanded its relationship with
AOL has dissipated. Since peaking at $4.69 on Sept. 12, BFLY shares
are down 38.6%. Garden.com announces layoffs and informs the SEC that
it will be late in filing its fiscal year-end. Maybe GDEN’s share price
of 63 cents and market cap of $11 million are coloring my judgment,
but I would venture to say that these things do not bode well for
current investors. Speaking of small market caps, check out
audiohighway.com ($2.8 million), eSAFETYWORLD ($3.8 million) and
the ironically named BigStar Entertainment ($4.8 million). BGST has
hired a “financial advisor” to “evaluate strategic opportunities.”
FINANCIAL SERVICES
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
EELN E-Loan 4.88 1.44 41.8% 39.3% -69.3% 257.9
ECMV E Com Ventures 1.06 0.06 6.3% -22.7% -67.7% 10.6
DIR DLJdirect 6.56 0.25 4.0% -16.7% -50.4% 673.6
NXCD NextCard 8.97 0.03 0.4% -8.0% -68.2% 475.9
NTBK Net.B@nk 11.38 0.00 0.0% -12.1% -37.0% 337.5
ICGE Internet Capital 15.69 -0.09 -0.6% -58.3% -90.5% 4,394.9
EGRP E*TRADE 15.25 -0.75 -4.7% -17.0% -40.2% 4,573.6
DVIN divineInterventures 3.81 -0.19 -4.7% -52.0% N/A 524.0
CMGI CMGI 24.31 -2.31 -8.7% -47.9% -82.0% 7,177.9
LINE onlinetrading.com 3.81 -0.38 -9.0% -33.0% -64.1% 43.8
AMTD Ameritrade 15.31 -1.63 -9.6% -26.4% -27.7% 2,682.6
WEBS Web Street 1.94 -0.25 -11.4% -29.5% -84.0% 50.0
MDCM Mortgage.com 0.75 -0.19 -20.0% -14.3% -86.8% 33.2
WITC Wit Soundview 7.19 -2.69 -27.2% -22.6% -56.7% 650.6
TREE LendingTree 3.50 -1.50 -30.0% -29.1% N/A 63.1
-----------------------------------------------------------------------
Financial Services Ave. -4.9%
Good news for online brokers: A Jupiter Research study shows that,
despite a current downturn in online trading activity, assets in
online investing accounts are expected to grow from $1.5 trillion this
year to $5.4 trillion by 2005. None of which explains online lender
E-Loan’s sector-leading week, second only to Netcentives across all
sectors. E-Loan gets a bump from its announcement that it has expanded
the number of auto lenders that can provide loans to to its customers.
Meanwhile, competitor LendingTree comes out a press release with this
headline: “Consumers Overwhelmingly Think ‘LendingTree’ When They
Search for Loans Online”. Apparently investors don’t.
E-COMMERCE ENABLERS
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
AWEB Autoweb.com 1.44 0.34 31.4% -20.7% -86.5% 42.4
ABTL Autobytel.com 5.06 0.78 18.2% 6.6% -65.8% 102.9
PRSW Persistence 11.56 1.59 16.0% -34.6% -47.4% 226.1
DGIN Digital Insight 35.00 3.75 12.0% 37.3% -1.4% 1,011.3
CYBS CyberSource 10.75 1.13 11.7% -19.3% -78.7% 279.5
RETK Retek 47.13 4.81 11.4% 46.7% -35.8% 2,231.7
EPAY Bottomline 40.75 3.75 10.1% 24.0% 16.0% 524.0
CYSV Cysive 7.13 0.44 6.5% -6.6% -79.7% 199.4
DRIV Digital River 5.94 0.31 5.6% -11.2% -81.7% 130.0
PRTS PartsBase.com 3.59 0.16 4.5% -4.2% N/A 50.6
ELCO Elcom Int. 4.75 0.19 4.1% -25.5% -85.7% 145.9
QSFT Quest Software 63.94 2.44 4.0% 8.4% 28.4% 5,480.4
PCOR pcOrder.com 4.25 0.16 3.8% -29.2% -91.5% 71.8
PPRO PurchasePro.com 84.81 2.38 2.9% 33.3% -36.8% 2,730.9
GSPT Global Sports 8.09 0.22 2.8% 1.2% -34.0% 175.7
BTBC b2bstores.com 1.91 0.03 1.7% 3.4% N/A 16.4
LQID Liquid Audio 4.31 0.06 1.5% -49.3% -83.2% 96.5
BBSW Broadbase 13.13 0.13 1.0% -39.3% -76.1% 623.6
QUOT Quotesmith.com 2.00 0.00 0.0% -5.9% -82.0% 38.5
ROWE Rowecom 3.97 -0.03 -0.8% -34.5% -91.0% 49.2
CORI Corillian 9.75 -0.13 -1.3% 14.7% N/A 311.3
SNHK Sunhawk.com 14.50 -0.25 -1.7% -9.4% N/A 43.6
WEBM webMethods 105.00 -3.00 -2.8% -1.0%
N/A 4,887.1
SLTC Selectica 38.88 -1.25 -3.1% 1.1% N/A 1,397.0
BRNC Braun Consulting 14.63 -0.50 -3.3% 3.5% -79.0% 294.2
NVDC Navidec 6.44 -0.28 -4.2% -18.2% -45.0% 70.9
CYCH CyberCash 3.00 -0.16 -5.0% -45.5% -66.8% 77.6
FAIM FairMarket 2.88 -0.19 -6.1% -28.1% N/A 81.4
AGIL Agile Software 76.50 -5.31 -6.5% 4.8% -27.8% 3,560.9
PFSW PFSweb 1.94 -0.16 -7.5% -33.3% -94.7% 34.6
ZNGN Zengine 13.63 -1.13 -7.6% N/A N/A 224.4
IMNY I-Many 18.94 -2.31 -10.9% 39.0% N/A 605.5
ITWO i2 Technologies 159.38 -21.38 -11.8% -0.4% 67.5% 31,575.5
ITRA Intraware 7.31 -1.06 -12.7% -39.7% -90.6% 191.8
CMRC Commerce One 66.25 -9.69 -12.8% 5.7% -30.9% 10,732.6
ONVI Onvia.com 4.13 -0.63 -13.2% -40.0% N/A 333.0
ARBA Ariba 129.78 -22.28 -14.7% -17.0% 49.9% 31,227.3
ORCC Online Resources 3.19 -0.56 -15.0% -45.7% -80.4% 37.0
INTW InterWorld 3.56 -0.75 -17.4% -82.4% -95.7% 104.0
IMPV ImproveNet 1.63 -0.34 -17.5% -21.2 % N/A 27.2
EPNY E.piphany 64.25 -14.25 -18.2% -38.7% -70.5% 2,901.9
XCAR XCare.net 4.25 -1.00 -19.0% 11.5% N/A 69.0
FIRE FirePond 12.06 -2.88 -19.2% -38.5% N/A 428.9
STCS Software Tech. 18.50 -4.50 -19.6% -8.6% N/A 1,278.7
HCOM HomeCom 0.38 -0.09 -20.0% -47.8% -88.0% 3.3
OMKT Open Market 4.25 -1.16 -21.4% -48.1% -90.4% 198.0
BVSN BroadVision 21.38 -6.19 -22.4% -39.7% -61.3% 5,710.4
ARTG Art Technology 67.70 -20.30 -23.1% -30.2% 8.3% 4,538.5
USIT U.S. Interactive 2.00 -0.69 -25.6% -68.6% -95.2% 51.9
TANN Tanning Tech. 11.00 -3.81 -25.7% -17.8% -80.9% 231.6
OPUS Opus360 2.06 -0.75 -26.7% -44.1% N/A 103.5
NEOF Neoforma.com 2.88 -1.06 -27.0% -35.2% N/A 364.8
CKCM Click Commerce 29.00 -12.50 -30.1% -14.4% N/A 1,108.7
CLIC Calico Commerce 3.56 -2.69 -43.0% -61.7% -93.1% 125.0
PRVW Preview Systems 4.25 -4.75 -52.8% -44.3% -93.3% 72.8
NETP Net Perceptions 4.75 -8.13 -63.1% -68.3% -88.4% 126.9
----------------------------------------------------------------------
E-commerce Enablers Ave. -8.6%
Automobile research and shopping sites Autoweb.com and Autobytel.com
rebound off all-time lows to land the top two sector slots this week.
However, 31% gain or no 31% gain, AWEB is headed below $1. Marketing
and personalization software maker Net Perceptions suffers the wrath
of investors after issuing a warning that Q3 sales will be lower
than expected and Q3 net loss higher. Internet music distribution
infrastructure provider Preview Systems also gets taken to task for
a Q3 warning. Not so Calico Commerce: CLIC shares plunge after a
Q2 warning.
SECURITY
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ENTU Entrust 29.13 4.50 18.3% 0.6% -50.2% 1,819.1
CYLK Cylink 10.00 1.16 13.1% -18.5% -24.1% 308.4
VLCT ValiCert 20.25 1.94 10.6% 36.1% N/A 448.5
ISSX Internet Security 70.63 4.94 7.5% -10.7% 1.7% 2,962.6
CHKP Check Point 154.25 10.44 7.3% 5.6% 218.0% 23,678.0
LTNX Litronic 4.38 0.00 0.0% -14.6% -44.0% 43.2
AXNT AXENT 21.06 -0.31 -1.5% -9.9% 2.8% 609.4
PILT Pilot Network 9.63 -0.25 -2.5% -31.6% -58.9% 145.2
NETE Netegrity 64.94 -1.81 -2.7% 12.9% 75.3% 1,913.6
NSSI Net
work-1 5.00 -0.33 -6.2% -25.2% -52.6% 31.3
RSAS RSA Security 39.50 -2.69 -6.4% -26.9% -47.8% 1,577.4
WGRD WatchGuard 50.00 -4.19 -7.7% -3.3% 69.3% 1,204.5
ITRU InterTrust 11.00 -0.94 -7.9% -39.5% -80.8% 948.0
VONE V-ONE 1.63 -0.88 -35.0% -48.5% -71.7% 35.9
----------------------------------------------------------------------
Security Ave. -0.9%
E-transaction security software provider Entrust Technologies is still
getting altitude from a strategic alliance announced late last month
with Motorola. The companies are collaborating on developing a system
that will allow wireless device users to conduct secure transactions.
Like nearly every other Internet stock, firewall market leader
Check Point Software Technologies took a big hit in March. Since then,
however, CHKP has been on a relentless drive north, avoiding any
other prolonged slump. VPN provider V-ONE gets the usual Q3 earnings
warning treatment.
PERFORMANCE SOFTWARE
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VMDC VantageMed 1.50 0.38 33.3% -11.1% N/A 12.9
BLUE Blue Martini 34.88 4.75 15.8% -42.7% N/A 2,404.9
EMBT Embarcadero 47.75 5.00 11.7% 3.9% N/A 1,257.9
AVSR Avistar 6.50 0.63 10.6% -43.8% N/A 163.9
IPIX Internet Pict. 5.63 0.50 9.8% -29.7% -65.2% 339.4
DGV Digital Lava 5.13 0.38 8.0% -21.9% -25.0% 36.9
BLSW Bluestone 17.69 1.13 6.8% -21.4% -84.2% 367.5
EVLV Evolve Software 22.88 1.13 5.2% -16.1% N/A 836.2
NTOP Net2Phone 23.69 0.94 4.1% -23.4% -47.2% 1,313.4
OTGS OTG Software 41.00 1.50 3.8% 62.8% N/A 1,056.4
SGNT Sagent Technology 7.63 0.19 2.5% -23.5% -73.9% 217.9
VOCL VocalTec 9.91 0.16 1.6% -38.1% -39.4% 120.0
RNWK RealNetworks 36.81 0.56 1.6% -28.5% -37.3% 5,753.8
GTHR GetThere 17.69 0.00 0.0% 2.0% -55.0% 621.1
MONE MatrixOne 34.00 0.00 0.0% -7.0% N/A 1,448.4
SQSW Sequoia Software 6.06 0.00 0.0% -39.8% N/A 186.2
IWOV Interwoven 108.88 -0.50 -0.5% 22.0% 83.4% 5,376.0
SABA Saba Software 25.95 -0.17 -0.7% -7.3% N/A 1,135.6
WBSN Websense 21.63 -0.25 -1.1% 24.5% N/A 422.2
SVCW ServiceWare 7.13 -0.13 -1.7% -11.6% N/A 167.7
PRSF Portal Software 35.19 -0.63 -1.7% -37.1% -29.9% 5,725.1
BWEB BackWeb 10.06 -0.19 -1.8% -46.3% -75.5% 377.9
DTEC Delano Tech. 14.63 -0.38 -2.5% 30.7% N/A 440.8
NTGX net.Genesis 8.56 -0.25 -2.8% 2.2% N/A 181.1
RWAV Rogue Wave 5.00 -0.25 -4.8% -24.5% -36.0% 54.5
RDWR Radware 27.00 -1.38 -4.8% -12.9% -35.9% 417.7
COBT Cobalt Networks 54.69 -3.00 -5.2% 4.9% -48.3% 1,616.6
VATA Versata 24.50 -1.56 -6.0% -10.1% N/A 994.0
CLRN Clarent 36.63 -2.38 -6.1% -30.7% -51.7% 1,220.8
SWCM Software.com 178.00 -13.06 -6.8% 19.1% 90.0% 8,722.2
SPRT Support.com 27.00 -2.00 -6.9% -8.5% N/A 907.9
SONE S1 Corp. 10.50 -0.81 -7.2% -43.8% -86.2% 579.6
OTEX Open Text 18.81 -1.75 -8.5% -25.1% 7.1% 380.6
EPRS Eprise 7.19 -0.69 -8.7% -54.0% N/A 180.7
ALLR Allaire 7.34 -0.72 -8.9% -76.4% -89.7% 200.1
NESY NEON Systems 10.63 -1.13 -9.6% -36.8% -72.3% 100.3
LBRT Liberate 25.69 -2.81 -9.9% -18.1% -79.5% 2,640.8
CTRA Centra Software 6.06 -0.69 -10.2% -30.7% N/A 146.5
MNDO Min
d C.T.I. 11.69 -1.69 -12.6% 16.9% N/A 235.1
EXTN Extensity 18.13 -2.88 -13.7% -20.8% N/A 432.4
RHAT Red Hat 15.31 -2.50 -14.0% -40.4% -85.1% 2,404.0
FVCX FVC.com 4.38 -0.72 -14.1% -38.6% -61.7% 75.5
VIGN Vignette 22.81 -4.19 -15.5% -37.4% -57.0% 5,284.6
WAVO WAVO 0.63 -0.13 -16.7% -23.1% -83.5% 27.7
SSSW SilverStream 25.75 -5.44 -17.4% -17.6% -77.8% 527.5
NSPK NetSpeak 8.31 -2.13 -20.4% -30.0% -59.9% 117.9
TIBX TIBCO Software 69.63 -19.63 -22.0% -31.8% 39.9% 13,217.1
PASW PASW 1.94 -0.56 -22.5% -35.4% -65.1% 8.7
IMAN iManage 6.06 -1.81 -23.0% -53.8% -80.7% 141.1
WEBT WebTrends 28.19 -8.81 -23.8% -35.6% -28.7% 738.4
TMNT Telemate.Net 1.88 -0.63 -25.0% -16.7% -88.2% 14.8
LOUD Loudeye 5.38 -2.19 -28.9% -60.2% N/A 199.0
VIAD Viador 6.25 -2.56 -29.1% -30.8% -84.9% 111.3
CWLD CrossWorlds 13.88 -6.63 -32.3% -41.9% N/A 360.0
PKSI Primus Knowledge 6.63 -10.13 -60.4% -75.7% -85.0% 118.7
---------------------------------------------------------------------
Performance Software Ave. -7.1%
Healthcare software provider VantageMed bounces back after threatening
to dip below the $1 per share mark. That’s all that explains its
perch atop this group. Primus Knowledge Solutions pays the price for
a Q3 earnings warning that leads to a slew of analysts’ downgrades
and a drop of 56% on Tuesday alone. Since closing at $26.38 on
Sept. 14, e-business integration platform provider CrossWorlds Software
has fallen 47%. OTG Software, a developer of online storage, data
access and e-mail management products, is the top monthly gainer here
with a 63% advance.
INTERNET SERVICES
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
HOTJ HotJobs.com 17.25 3.38 24.3% -11.5% -59.6% 623.4
HHNT HeadHunter.NET 5.88 1.06 22.1% -1.1% -52.1% 109.2
ILND Interland 8.56 1.16 15.6% 14.9% N/A 399.9
RCOM Register.com 8.88 1.19 15.4% -11.3% N/A 283.9
NTWO N2H2 2.38 0.31 15.2% -29.6% -89.6% 53.4
WEBX WebEx Inc 35.75 3.88 12.2% -16.7% N/A 1,291.5
EGAN eGain 8.00 0.75 10.3% -30.4% -78.3% 285.6
BWAY Breakaway Sol. 7.50 0.63 9.1% -48.5% -79.0% 337.6
HLTH WebMD 12.06 0.81 7.2% -33.9% -67.0% 2,642.6
DRTN Data Return 17.00 1.00 6.3% -28.2% -67.4% 604.4
CLKS click2learn.com 14.88 0.88 6.3% -8.5% 37.0% 250.8
CLAI Claimsnet.com 3.44 0.16 4.8% -15.4% -64.8% 31.6
SVVS Savvis 8.00 0.31 4.1% -9.9% N/A 743.7
ECRU E-Cruiter.com 3.38 0.00 0.0% -15.6% -51.5% 26.0
FUSN Fusion Networks 1.13 0.00 0.0% -16.3% N/A 41.7
NETZ Netzee 4.00 0.00 0.0% -26.4% -75.4% 88.1
SKIL SkillSoft 18.63 0.00 0.0% -7.7% N/A 246.8
MRBA Marimba 11.81 -0.13 -1.0% -33.9% -73.7% 276.8
LIOX Lionbridge 8.50 -0.13 -1.4% -9.9% -52.3% 232.2
VCNT Vicinity 10.75 -0.25 -2.3% 1.8% N/A 301.9
SRCH US SEARCH.com 1.00 -0.03 -3.0% -49.2% -86.3% 18.3
EVOK Evoke 5.69 -0.19 -3.2% -40.9% N/A 266.1
WQNI WorldQuest 4.56 -0.19 -3.9% -8.7% N/A 29.1
VRSN VeriSign 183.56 -10.88 -5.6% 7.9% -1.5% 35,694.6
CPTH Critical Path 58.00 -3.81 -6.2% -15.0% -37.
0% 3,704.9
KEYN Keynote Systems 22.25 -2.06 -8.5% -17.6% -69.1% 615.9
CTCH CommTouch Softwa 18.94 -1.81 -8.7% -16.3% -60.1% 289.0
STMP Stamps.com 3.72 -0.37 -9.2% -49.6% -90.8% 182.6
ITXC ITXC Corp. 12.81 -1.50 -10.5% -41.1% -61.0% 493.7
SAPE Sapient 36.63 -4.63 -11.2% -20.8% -46.8% 4,347.2
KANA Kana 19.50 -2.50 -11.4% -47.5% -80.5% 1,819.5
MDLI MedicaLogic 4.06 -0.56 -12.2% -32.3% -80.2% 224.4
NAVI NaviSite 24.44 -3.44 -12.3% -46.9% -49.9% 1,381.3
IPRT iPrint.com 3.00 -0.50 -14.3% -23.8% N/A 89.9
EXDS Exodus 45.00 -8.25 -15.5% -27.9% 3.8% 18,751.8
CHRD Chordiant Software 7.13 -1.38 -16.2% -51.3% N/A 262.3
MAIL Mail.com 4.50 -0.88 -16.3% -29.1% -75.4% 268.9
IBAS iBasis 12.31 -2.50 -16.9% -49.7% -56.1% 419.7
LFMN Lifeminders 18.00 -4.69 -20.7% -39.0% -68.1% 429.3
USIX USinternetworking 5.13 -1.38 -21.2% -47.4% -88.7% 496.4
EGRT Egreetings 0.81 -0.22 -21.2% -45.8% -91.8% 28.7
WNET WHEREVER.net 2.00 -0.56 -22.0% -38.5% N/A 49.4
CONV Convergent 2.81 -0.81 -22.4% -29.1% -81.8% 83.2
EQIX Equinix 7.13 -2.22 -23.7% -54.0% N/A 525.6
CRIO Corio 6.44 -2.38 -27.0% -47.4% N/A 312.1
DIGX Digex Inc. 39.50 -15.25 -27.9% -42.5% -41.1% 2,509.2
INIT Interliant 6.34 -2.66 -29.5% -50.1% -75.0% 303.4
CRFH Crayfish 2.38 -1.13 -32.1% -66.2% N/A 120.8
CAVN Cavion 2.38 -1.75 -42.4% -51.3% -68.6% 11.8
ACRU Accrue Software 6.88 -7.06 -50.7% -69.9% -87.0% 201.1
LPSN LivePerson 2.25 -2.44 -52.0% -68.1% N/A 66.3
------------------------------------------------------------------------
Internet Services Ave. -8.4%
As ridiculous as this may sound, the reason there are two online job
sites at the top of this sector is because they were mentioned in a
Business Week article on, well, online job sites. Online customer
relationship management technology vendor LivePerson may have been
saved from falling below $2 per share by bargain hunters on Thursday.
Trading volume was at its highest level since the company’s IPO in
early April. SG Cowen downgrades Accrue Software on Monday, and the
market follows suit. There are only three monthly gainers in this group.
Can you find them?
ADVERTISING/MARKETING
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
NCNT Netcentives 11.06 4.91 79.7% 17.6% -81.8% 471.4
ENGA Engage 7.81 1.19 17.9% -37.8% -73.3% 1,404.8
MYPT MyPoints.com 6.19 0.88 16.5% -51.0% -91.4% 181.9
NTRT NetRatings 19.13 2.19 12.9% 12.5% -59.3% 621.3
NTCR NetCreations 10.50 0.63 6.3% -49.4% -75.6% 162.7
HPOL Harris Interactive 4.63 0.13 2.8% 19.4% -63.7% 158.2
APLN @Plan.Inc 8.69 -0.06 -0.7% 61.6% -9.9% 98.3
LNTY L90 7.56 -0.25 -3.2% 5.2% N/A 169.1
TFSM 24/7 Media 8.72 -0.59 -6.4% -29.9% -84.1% 310.4
CSAV coolsavings.com 2.56 -0.19 -6.8% -19.6% N/A 100.2
AVEA Avenue A 4.81 -0.44 -8.3% -41.7% N/A 279.5
VCLK ValueClick 6.41 -0.59 -8.5% -41.8% N/A 179.4
DIGI Digital Impact 6.13 -0.69 -10.1% -36.4% -87.5% 151.8
MPLX Mediaplex 3.75 -0.50 -11.8% -70.0% -93.9% 126.2
BFRE Be Free 3.94 -0.56 -12.5% -29.2% -88.8% 256.7
CBLT Cobalt 3.3
8 -0.63 -15.6% -32.5% -63.1% 59.6
FSHP FreeShop.com 3.44 -0.69 -16.7% -11.3% -92.7% 53.9
PRME Prime Response 3.50 -0.81 -18.8% -40.7% N/A 72.3
DCLK DoubleClick 26.06 -7.81 -23.1% -30.4% -78.9% 3,198.0
----------------------------------------------------------------------
Advertising/Marketing Ave. -0.3%
Internet advertising services market leader DoubleClick announces
it will buy e-mail marketing services provider NetCreations for
$191 million. Though it shows a 6.3% gain for the week, NetCreations
shares actually fell slightly after the news, while DoubleClick’s
fell more than slightly. Netcentives, a Web-based marketing firm
specializing in online frequent-buyer programs, is still flying
high in wake of report that it will exceed revenue estimates for
the third quarter. This week it tops all ‘Net stocks with a gain of
nearly 80%. Of course, it’s still down 82% for the year.
CONSULTANTS/DESIGNERS
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
MMPT Modem Media 4.81 1.03 27.3% -44.6% -86.0% 117.9
PRFT Perficient 16.25 2.44 17.6% 27.5% 30.6% 98.7
RAZF Razorfish 9.81 1.19 13.8% -21.1% -78.9% 932.2
PECS PEC Solutions 5.56 0.56 11.3% -12.7% N/A 123.9
IISX Integrated Info. 4.88 0.25 5.4% -15.2% N/A 99.8
GENI GenesisIntermedia 15.75 0.69 4.6% 4.1% 177.6% 101.8
VIAN Viant 5.53 0.16 2.9% -31.9% -88.6% 265.2
MSPR Mainspring 6.34 -0.03 -0.5% -48.7% N/A 119.3
LUMT Luminant 3.00 -0.06 -2.0% -66.4% -93.2% 81.3
IIXL iXL Enterprises 4.06 -0.19 -4.4% -41.4% -92.5% 307.6
MRCH marchFIRST 13.25 -0.88 -6.2% -32.1% -74.7% 1,990.3
OGNC Organic 4.25 -0.31 -6.8% -20.0% N/A 373.8
CVGP Convergent 4.34 -0.34 -7.3% -13.1% N/A 188.6
DTAS Digitas 16.19 -1.31 -7.5% 27.0% N/A 931.4
INFT Inforte 35.63 -3.00 -7.8% 13.3% N/A 441.8
XPDR Xpedior 3.13 -0.47 -13.0% -54.5% -88.9% 158.0
ACOM AGENCY.COM 13.13 -2.25 -14.6% -36.0% -73.6% 467.3
LNTE Lante 3.63 -0.69 -15.9% -56.7% N/A 143.2
PXCM Proxicom 16.56 -3.19 -16.1% -12.5% -72.7% 934.6
SCNT Scient 18.44 -3.94 -17.6% -18.1% -78.1% 1,350.5
--------------------------------------------------------------------
Consultants/Designers Ave. -1.8%
Modem Media hits a new all-time low close of $3.78 on Sept. 27,
then “soars” back over $5 on the next day. By Thursday it was at
$4.69 and sinking fast. This is a troubled sector, with many
companies in recent weeks reporting layoffs and lower-than-expected
quarterly earnings. Luminant Worldwide and iXL Enterprises are
neck-and-neck for the biggest YTD loss. GenesisIntermedia.com
shares have closed every day since April 19 no lower than $15 and
no higher than $16.88.
SPEED/BANDWIDTH
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
WGAT WorldGate 25.00 3.81 18.0% 18.0% -46.2% 541.7
NENG Network Engines 44.00 6.25 16.6% 16.4% N/A 1,503.5
SONS Sonus Networks 135.50 13.25 10.8% -12.3% N/A 8,267.4
ATON Alteon WebSystems 115.94 7.13 6.5% -17.3% 35.4% 5,012.9
TERN Terayon 33.25 1.44 4.5% -34.2% 8.5% 2,065.8
CSCO Cisco Systems 58.56 1.25 2.2% -8.9% 12.0% 412,396.7
RSNT Resonate 39.19 0.75 2.0% -4.4
% N/A 1,056.5
HSAC High Speed Acces 3.63 0.00 0.0% -32.6% -78.9% 201.9
BRCM Broadcom 241.94 -5.81 -2.3% 7.1% 82.0% 53,719.1
SCMR Sycamore Network 104.00 -3.00 -2.8% -21.0% 3.8% 25,460.7
FFIV F5 Networks 33.19 -1.13 -3.3% -39.1% -70.2% 714.0
RDWR Radware 27.00 -1.38 -4.8% -12.9% -35.9% 417.7
JNPR Juniper Networks 207.97 -17.03 -7.6% -0.8% 275.9% 65,584.4
ATHM At Home 12.25 -1.06 -8.0% -30.3% -70.7% 4,927.9
TUTS Tut Systems 68.25 -6.63 -8.8% -33.0% 30.4% 1,066.2
CAIS CAIS Internet 4.91 -0.50 -9.2% -38.2% -85.8% 113.4
INKT Inktomi 108.94 -11.81 -9.8% -12.0% 25.7% 12,421.6
AKAM Akamai 45.50 -5.00 -9.9% -34.2% -85.8% 4,840.8
IBEM iBEAM 6.19 -0.97 -13.5% -49.5% N/A 670.2
PKTR Packeteer 31.94 -6.06 -16.0% -31.5% -53.9% 869.0
INAP InterNAP 22.75 -4.75 -17.3% -32.5% -73.1% 3,305.8
COSN Cosine 43.59 -10.66 -19.6% N/A N/A 4,365.0
AVCI Avici Systems 80.52 -21.05 -20.7% -38.2% N/A 3,865.7
CFLO CacheFlow 121.75 -33.75 -21.7% 13.3% -4.6% 4,821.7
COVD Covad Group 10.31 -3.13 -23.3% -40.2% -71.7% 1,596.7
RAMP Ramp Networks 2.00 -1.50 -42.9% -62.8% -86.6% 43.3
-----------------------------------------------------------------------
Speed/Bandwidth Ave. -7.0%
Interactive cable TV platform provider WorldGate Communications shot up
16% on Wednesday, two days after announcing it has deployed service
to cable subscribers in the Dominican Republic. On Thursday, though,
WGAT gave back those gains. As it did exactly one year ago, Ramp
Networks issues a Q3 earnings warning. Last year shares fell more than
50% in one day after the news. This year the fall only 42%. Now that’s
progress. The maker of high-speed routers for small offices had better
hope it gets acquired before it disappears.
ISPs/ACCESS PROVIDERS
10/4 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
LOAX Log On America 3.06 0.66 27.3% N/A -84.5% 26.9
IZAP ZapME! 1.97 0.34 21.2% -1.6% -76.6% 88.9
IIJI Internet/Japan 42.13 3.63 9.4% -0.9% -55.6% 1,893.9
IDTC IDT Corporation 38.94 1.81 4.9% -4.2% 111.3% 1,435.8
VNWI VIA NET.WORKS 8.63 0.06 0.7% -34.3% N/A 514.7
ATHY AppliedTheory 6.13 0.06 1.0% -19.7% N/A 152.0
HANA Hanaro Telecom 4.25 0.00 0.0% -18.1% N/A 1,122.0
ISLD Digital Island 18.94 -0.06 -0.3% -35.3% -79.6% 1,319.6
DDDC Deltathree.com 4.09 -0.03 -0.8% -39.9% -83.7% 118.0
ZIPL Ziplink 3.22 -0.03 -1.0% -44.6% -73.6% 41.8
GIGM GigaMedia 7.97 -0.16 -1.9% -25.9% N/A 389.1
IGLD Internet Gold 5.38 -0.13 -2.3% -16.9% -75.3% 99.1
QSCG QS Comm. 15.75 -0.50 -3.1% -11.3% N/A 802.9
PNVN PNV 0.97 -0.03 -3.1% -35.4% -87.9% 15.5
FSST FASTNET 1.94 -0.06 -3.1% -18.4% N/A 29.0
IAWK Iasiaworks 9.00 -0.50 -5.3% -12.7% N/A 353.6
NPLI Netpliance 1.88 -0.13 -6.3% -60.0% N/A 113.3
DSLN DSL.net 3.19 -0.25 -7.3% -43.6% -77.4% 210.0
PRGY Prodigy 5.78 -0.47 -7.5% -26.6% -69.4% 403.9
FREE Freeserve 32.94 -3.06 -8.5% -28.4% -63.3% 3,301.2
TRRA Terra Networks 33.25 -3.13 -8.6% -17.4% -37.8% 9,160.4
NZRO NetZero 2.47 -0.28 -10.2% -40.1% -90.6% 302.1
KOREA Korea Thrunet 5.00 -0.63 -11.1% -43.4% -92.5% 359.8
PSIX PSINet 7.91 -1.06 -11.8% -55.5
% -73.8% 1,502.8
TLCT Telocity Delaware 2.75 -0.38 -12.0% -37.1% N/A 233.4
PCNTF Pacific Internet 8.75 -1.75 -16.7% -44.2% -80.9% 110.6
RMII RMI.Net 1.25 -0.27 -17.5% -48.7% -84.6% 27.4
ELNK EarthLink 8.03 -1.72 -17.6% -36.4% -80.6% 1,003.4
GEEK Internet America 2.13 -0.72 -25.3% -47.7% -81.6% 20.7
JWEB Juno Online 3.25 -1.25 -27.8% -45.8% -90.6% 126.3
---------------------------------------------------------------------
ISP/Access Provider Ave. -4.7%
After nearly closing below $2 per share for the first time ever on
Tuesday, Rhode Island-based access provider Log On America climbs more
than 50% on Wednesday alone to lead the sector and crack the list of
top 10 gainers. School access and marketing services provider ZapME!
gains on news that Israeli satellite communications developer Gilat
Satellite Networks will make a tender offer for 51% of outstanding
shares at $2.32 per share. The excitement was short-lived, however,
as IZAP shares dip back below $2 on Thursday. Free access provider
Juno Online Services continues to break new low ground, falling
below $4 per share for the first time.
