Last week, the Speed/Bandwidth sector was the worst-performing
of our 13 Internet groups, losing 8.8%. This week, Speed/Bandwidth
bounces back to lead all ‘Net sectors – and still finishes in
the red. That’s how the month has gone for Internet stocks. For
the second consecutive week, all sectors lose ground, despite
Wednesday’s rally. How long can this go on? I hate to say it,
but it could be for quite awhile. Investors are still flinching
over earnings warnings, while high-profile flameouts such as
Amazon.com and CMGI continue to provoke investor anxiety and
despair. One thing is for sure: Fall rally or no fall rally,
it’s now clear that the majority of Internet stocks will finish
the year down. (Of course, some won’t even finish the year.)
Roughly 80% of the stocks that have been trading all year are
down at least 30%, and only 30 of 293, or 10%, are up. Four
of our sectors have no year-to-date gainers, while another four
have only one each. If an autumn ascent is to begin in September,
which I’ve been expecting, it had better start soon. Today,
the first official day of fall, would be a swell time, but
it’s not likely this bearish market will turn bullish before
the Q3 numbers start rolling in.
*Market Cap figure is in millions unless otherwise noted.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
Speed/Bandwidth -0.2%
Security -2.4%
Wireless -3.2%
E-commerce Enablers -4.4%
Search/Portals -4.4%
Financial Services -5.2%
Advertising/Marketing -6.2%
Internet Services -6.4%
Content/Communities -7.5%
E-tailers -7.6%
Performance Software -7.9%
Consultants/Designers -8.1%
ISPs/Access Providers -9.7%
TOP 10 GAINERS 7-Day % Gain Category
HAND Handspring 38.7% Wireless
BNBN barnesandnoble.com 31.4% E-tailers
VLCT ValiCert 28.5% Security
COBT Cobalt Networks 26.6% Performance Software
MNDO Mind C.T.I. 25.6% Performance Software
IWOV Interwoven 24.5% Performance Software
APLN @Plan.Inc 23.4% Advertising/Marketing
EBAY eBay 22.5% E-tailers
IMNY I-Many 22.3% E-Commerce Enablers
BRNC Braun Consulting 21.1% E-Commerce Enablers
TOP 10 LOSERS 7-Day % Loss Category
ALLR Allaire -54.0% Performance Software
USIT U.S. Interactive -51.1% E-Commerce Enablers
MPLX Mediaplex -48.1% Advertising/Marketing
NPLI Netpliance -39.1% ISPs/Access Providers
MYPT MyPoints.com -38.8% Advertising/Marketing
QKKA Quokka Sports -35.7% Content/Communities
ZIPL Ziplink -33.3% ISPs/Access Providers
PSIX PSINet -33.1% ISPs/Access Providers
INTW InterWorld -30.0% E-Commerce Enablers
BWAY Breakaway Solutions -28.8% Internet Services
********************************************************************
WIRELESS PRODUCTS/SERVICES
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
HAND Handspring 51.56 14.38 38.7% 51.1% N/A 6.5B
PHCM Phone.com 101.38 13.25 15.0% 18.6% -11.5% 8.4B
PALM Palm 54.50 6.00 12.4% 43.7% N/A 30.8B
SVNX 724 Solutions 51.00 3.88 8.2% 46.8% N/A 1.9B
VYYO Vyyo 31.38 -0.25 -0.8% 30.7% N/A 1.2B
AETH Aether Systems 129.88 -6.00 -4.4%
-0.1% 83.6% 5.0B
GWRX Geoworks 10.06 -0.88 -8.0% -10.1% -39.2% 217.9
PRTH Parthus Tech. 41.25 -4.75 -10.3% 38.7% N/A 2.1B
PUMA Puma Tech. 20.44 -2.44 -10.7% -0.6% -68.3% 864.6
MCOM Metricom 31.06 -3.88 -11.1% -16.2% -60.0% 954.1
INSP InfoSpace 34.75 -4.50 -11.5% 18.8% -34.2% 8.1B
IWAV interWAVE 9.50 -1.25 -11.6% -8.4% N/A 442.3
IIIM i3 Mobile 6.44 -1.06 -14.2% 9.6% N/A 146.8
WFII Wireless Facil. 64.00 -10.88 -14.5% -13.7% 48.5% 2.7B
GOAM GoAmerica 7.19 -2.44 -25.3% -23.3% N/A 369.3
-------------------------------------------------------------------
Wireless Ave. -3.2%
Another huge week for wireless device manufacturer Handspring,
which retains the top spot in the sector. HAND is up 91.4% over
the past three months, a performance eclipsed by only four other
‘Net stocks, including rival Palm, which has gained 96.4% during
that period. This week Handspring unveils plans for an expansion
pack for its Visor handheld electronic organizers that will
provide users with mobile phone functions. Wireless phone software
provider Phone.com continues to get a lift from its proposed
merger with messaging software vendor Software.com. PHCM shares
are up 30% since the deal was announced in early August.
SEARCH/PORTALS
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
SOHU Sohu.com 7.50 0.50 7.1% 17.6% N/A 234.2
AOLA AOL/Latin Am. 9.00 0.56 6.7% 21.0% N/A 2.3B
YHOO Yahoo! 109.69 3.31 3.1% -18.0% -48.7% 60.3B
LOOK LookSmart 15.25 0.13 0.8% -5.4% -42.8% 1.4B
CHINA Chinadotcom 16.19 -0.06 -0.4% 4.0% -58.3% 1.4B
AOL America Online 54.94 -1.06 -1.9% -6.5% -26.2% 126.2B
LCOS Lycos 67.38 -1.75 -2.5% 9.7% -14.3% 7.4B
DIG Disney-Internet 13.69 -0.75 -5.2% -5.2% -41.6% 2.1B
ASKJ Ask Jeeves 23.63 -2.25 -8.7% 8.6% -78.8% 842.8
BOUT About.com 37.06 -3.94 -9.6% 14.4% -58.2% 669.1
SINA SINA.com 18.88 -2.06 -9.9% -5.6% N/A 768.0
GOTO GoTo.com 17.44 -2.13 -10.9% 16.3% -69.9% 910.1
STRM StarMedia 8.47 -3.03 -26.4% 9.3% -78.6% 557.4
-------------------------------------------------------------------
Search/Portals Ave. -4.4%
Latin American portal StarMedia Network cuts 15% of its workforce
in a bid to hasten profitability. The move gets a thumbs-up from
Credit Suisse First Boston, which reiterates its “buy” rating,
but the market has a different perspective, driving shares to
the bottom of the sector. I always get hate mail when I write
anything critical about GoTo.com, so let me just say that this
week’s 10.9% loss is a clear sign the company is turning things
around. Further, no Internet stock has lost 70% this year with
more style and panache than GOTO. Chinese portal Sohu.com gets
an ever-so-slight boost from its plan to buy rival ChinaRen.com
for $30 million. The merged entity will be China’s largest portal.
CONTENT/COMMUNITIES
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
KNOT Knot 3.63 0.56 18.4% 11.5% -56.5% 53.0
VDAT Visual Data 4.75 0.63 15.2% 17.8% -58.2% 39.9
INTM internet.com 28.88 3.13 12.1% 17.9% -44.1% 724.6
EDGR EDGAR Online 5.03 0.28 5.9% 51.9% -30.9% 62.7
ONES OneSource 12.13 0.63 5.4% 10.2% -8.6% 141.7
SCRM ScreamingMedia 10.25 0.31 3.1% -16.3% N/A 383.6
HOMS Ho
mestore.com 48.50 1.38 2.9% 18.1% -33.9% 4.0B
ZDZ ZDNet 17.44 0.06 0.4% -5.1% -15.9% 1.3B
CNET CNET Networks 29.75 0.00 0.0% -6.3% -46.9% 2.6B
TCTY Talk City 1.50 0.00 0.0% 4.3% -94.2% 37.5
KOOP drkoop.com 1.50 0.00 0.0% 33.3% -87.2% 52.4
LAUN Launch Media 6.81 -0.06 -0.9% 0.9% -63.6% 92.4
VERT VerticalNet 43.44 -0.44 -1.0% -9.3% -46.4% 3.7B
INFO Infonautics 2.97 -0.03 -1.0% -8.6% -57.1% 36.3
IASIA Asiacontent.com 2.94 -0.06 -2.1% -6.0% N/A 100.9
HSTM HealthStream 2.44 -0.06 -2.5% 21.9% N/A 48.7
WOMN Women.com 3.00 -0.13 -4.0% -14.3% -78.7% 140.4
ARTD Artistdirect 2.16 -0.09 -4.2% -11.6% N/A 79.5
DTHK DigitalThink 37.38 -1.63 -4.2% 1.0% N/A 1.3B
EWBX EarthWeb 10.25 -0.50 -4.7% -18.0% -79.4% 106.7
SPLN SportsLine.com 15.50 -1.19 -7.1% -15.6% -68.7% 409.4
HGAT HealthGate Data 1.22 -0.09 -7.1% -4.8% N/A 21.8
HOOV Hoover's 6.25 -0.50 -7.4% -14.5% -27.7% 81.4
TGLO theglobe.com 1.16 -0.09 -7.5% -22.9% -86.0% 35.9
LOIS Loislaw.com 7.88 -0.69 -8.0% -0.8% -79.6% 165.7
SNOW Snowball.com 2.06 -0.19 -8.3% -19.5% N/A 77.3
SWBD Switchboard 6.84 -0.66 -8.7% -3.1% N/A 168.7
MPPP MP3.com 4.81 -0.56 -10.5% -49.2% -84.6% 328.1
NETR NetRadio 1.56 -0.19 -10.7% -13.8% -80.8% 15.6
TPN TownPagesNet 1.50 -0.19 -11.2% -29.4% -70.4% 14.4
GNET Go2Net 62.88 -8.11 -11.4% 21.1% -26.8% 2.0B
MKTW MarketWatch.com 9.94 -1.56 -13.6% -15.4% -72.4% 163.2
IMPV ImproveNet 2.13 -0.41 -16.0% 7.9% N/A 35.5
PASA quepasa.com 1.09 -0.22 -16.7% 12.9% -91.3% 20.4
STAD Student Advantage 6.50 -1.31 -16.8% -8.0% -70.3% 234.7
TURF iTurf 1.34 -0.28 -17.3% -23.2% -89.1% 28.4
MLTX Multex.com 20.56 -4.56 -18.2% 2.2% -44.7% 624.9
IVIL iVillage 4.69 -1.06 -18.5% -34.2% -76.6% 139.2
SALN Salon.com 1.81 -0.44 -19.4% -7.9% -63.3% 25.1
HCEN HealthCentral.com 2.63 -0.75 -22.2% -27.6% -63.7% 118.5
ILIF ilife.com 1.53 -0.47 -23.4% -15.6% -65.6% 21.4
NBCI NBC Internet 6.25 -2.31 -27.0% -29.1% -91.8% 390.8
TSCM TheStreet.com 5.00 -1.88 -27.3% -37.5% -73.6% 134.0
QKKA Quokka Sports 5.47 -3.03 -35.7% -32.7% -57.8% 253.4
--------------------------------------------------------------------
Content/Comm. Ave. -7.5%
Quokka Sports raises $76 million in debt financing after being
unable to attract support for a secondary offering. The online
sports content company says the money will allow it to function
through the second quarter of 2002, when it expects to become
profitable. Online financial site TheStreet.com issues Q3
revenue warning and says it’s looking to make deals with other
companies. Translation: Someone save us! NBC Internet has been
virtually flatlining, with a slight downward drift, since its
Q2 earnings warning in mid-June. Wednesday’s close of $6.25 is
a new low.
E-TAILERS
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
BNBN barnesandnoble.com 5.75 1.38 31.4% 41.5% -59.0% 840.3
EBAY eBay 76.56 14.06 22.5% 32.4% 23.8% 20.6B
CTIX Cheap Tickets 10.88 0.81 8.1% -1.1% -19.6% 263.6
ETYS eToys 6.13 0.31 5.4% 45.2% -76.4% 747.3
COOL Cyberian Outpost 4.58 0.17 3.9% 30.8% -53.4% 130.4
AMEN Crosswalk.com 1.81 0.06 3.6% 3.6% -64.2% 14.1
SKDS SmarterKids
.com 1.88 0.06 3.4% 62.2% -73.8% 38.6
IPET Pets.com 0.97 0.03 3.3% 29.2% N/A 28.3
EFTD FTD.COM 2.19 0.03 1.4% -7.9% -57.8% 106.4
ROOM Hotel Network 40.00 0.38 0.9% 57.6% N/A 2.2B
FASH Fashionmall.com 2.31 0.00 0.0% 5.7% -47.2% 17.3
SFTY eSAFETYWORLD 1.38 0.00 0.0% -21.4% N/A 4.1
EGGS Egghead.com 3.06 -0.06 -2.0% 36.1% -80.8% 129.7
EXPE Expedia 15.88 -0.50 -3.1% 0.4% -54.1% 703.8
INSW InsWeb 1.94 -0.06 -3.1% 29.2% -92.3% 68.2
ADBL Audible 1.72 -0.09 -5.2% -14.1% -88.4% 47.3
ALOY Alloy Online 7.75 -0.63 -7.5% 24.0% -50.2% 162.0
PPOD Peapod 1.75 -0.16 -8.2% -3.5% -79.5% 31.4
GDEN Garden.com 1.38 -0.13 -8.3% -31.3% -84.0% 24.2
BUYX BUY.COM 3.63 -0.34 -8.7% 30.3% N/A 475.5
VSTY Varsity Group 0.91 -0.09 -9.4% N/A N/A 14.3
DSCM Drugstore.com 4.50 -0.50 -10.0% -28.7% -87.4% 238.9
FATB Fatbrain.com 3.91 -0.48 -11.0% 13.6% -84.2% 50.8
SQST SciQuest.com 8.16 -1.03 -11.2% -4.8% -89.6% 236.5
EBKR Ebookers.com 5.75 -0.75 -11.5% -19.3% -66.4% 97.9
AMZN Amazon.com 37.50 -4.94 -11.6% -3.4% -50.1% 13.3B
AHWY audiohighway.com 0.88 -0.13 -12.5% -33.4% -89.7% 5.6
BFLY Bluefly 3.50 -0.59 -14.5% 64.7% -65.6% 17.2
VSHP VitaminShoppe.com 1.06 -0.19 -15.0% -5.5% -88.2% 21.6
LMIN Lastminute.com 9.88 -1.75 -15.1% -19.4% N/A 296.9
PCLN priceline.com 23.44 -4.50 -16.1% -7.9% -49.9% 3.9B
EMUS EMusic.com 1.78 -0.34 -16.2% 9.6% -82.4% 76.4
TMCS Ticketmaster 17.50 -3.63 -17.2% -16.7% -53.9% 1.5B
WBVN Webvan Group 3.06 -0.69 -18.3% -25.7% -81.2% 1.0B
ASFD Ashford.com 3.13 -0.70 -18.4% 11.1% -71.2% 141.4
PLRX PlanetRx.com 0.53 -0.12 -19.0% -5.7% -96.3% 27.4
HITS Musicmaker.com 0.66 -0.16 -19.2% -12.5% -88.7% 21.7
TIXX Tickets.com 1.19 -0.36 -23.2% -15.5% -91.6% 70.2
BGST BigStar 0.66 -0.22 -25.0% 5.0% -91.4% 6.7
ESTM E-Stamp 1.16 -0.41 -26.0% 27.6% -94.7% 46.1
BYND Beyond.com 1.09 -0.44 -28.6% 16.6% -85.8% 41.7
---------------------------------------------------------------------
E-tailers Ave. -7.6%
It hardly ever finishes near the bottom of the pack – how could
it with so many “dead tickers walking” to compete with? – but
Amazon.com’s performance this year is perhaps the biggest disaster
in the e-tail realm. The Internet’s largest online store has lost
50% of its value this year, including nearly 12% this week.
Company meeting with analysts fails to reassure investors that
the company will ever be profitable. And for good reason: Unlike
many times in the past, company officials declined to predict
when AMZN would emerge from the red. Online auction giant eBay,
in contrast, already is profitable and surges after issuing a
bullish revenue projection. Topping the group is Barnes & Noble.com,
which benefits from deal with Yahoo that would displace Amazon.com
as the premiere online merchant on the Yahoo network.
FINANCIAL SERVICES
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
MDCM Mortgage.com 1.13 0.19 20.0% 24.2% -80.4% 49.9
WITC Wit Soundview 9.19 1.19 14.8% 2.1% -45.3% 831.7
EELN E-LOAN 3.56 0.31 9.6% -5.0% -77.8% 188.4
TREE LendingTree 5.63 0.06 1.1% 7.1% N/A 101.4
EGRP E*TRADE 18.88 -0.44 -2.3% 12.7% -26.9% 5.7B
NTBK Net.B@nk
12.13 -0.31 -2.5% 11.5% -33.6% 359.8
ECMV E Com Ventures 1.03 -0.06 -5.7% -34.0% -69.1% 10.2
NXCD NextCard 9.31 -0.69 -6.9% 55.2% -67.3% 494.1
CMGI CMGI 36.44 -4.44 -10.9% -17.1% -73.4% 10.8B
AMTD Ameritrade 18.38 -2.25 -10.9% 10.5% -14.2% 3.2B
LINE onlinetrading.com 4.88 -0.63 -11.4% N/A -54.6% 55.9
DIR DLJdirect 6.75 -0.94 -12.2% -13.6% -49.6% 692.9
WEBS Web Street 2.50 -0.38 -13.0% 17.6% -79.5% 64.5
DVIN divineInterventures 5.00 -1.53 -23.4% -28.6% N/A 687.2
ICGE Internet Capital 23.88 -8.00 -25.1% -30.5% -85.8% 6.7B
----------------------------------------------------------------------
Financial Services Ave. -5.2%
After spending the first half of September in a seeming state
of suspended animation – closing at 94 cents per share six out
of 10 days – Mortgage.com comes back to life (or at least above
$1). No catalyst, unless someone shocked MDCM’s heart without
us knowing it. Internet Capital Group is threatening to fall
below $20 per share for the first time in over a year after
IBM files to dump 750,000 shares of ICGE. More turmoil at
another incubator: divine interVentures sees its president and
COO resign. CMGI beats expectations with narrower-than-expected
Q4 loss announced Thursday. It will be interesting to see how
the street reacts in the coming week. The company also said it
would take AltaVista public by the end of October. When have
I heard that before?
E-COMMERCE ENABLERS
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
IMNY I-Many 15.75 2.88 22.3% 55.6% N/A 503.6
BRNC Braun Consulting 20.44 3.56 21.1% 22.5% -71.1% 411.2
PPRO PurchasePro.com 73.13 12.50 20.6% 91.8% -46.2% 2.4B
DGIN Digital Insight 29.13 4.50 18.3% 10.4% -18.9% 841.5
RETK Retek 43.00 5.69 15.2% 77.8% -42.1% 2.0B
BTBC b2bstores.com 1.81 0.23 14.9% 11.6% N/A 15.6
AGIL Agile Software 81.06 10.06 14.2% 29.6% -24.4% 3.8B
STCS Software Tech. 23.75 2.88 13.8% 23.0% N/A 1.6B
ITWO i2 Technologies 185.88 13.88 8.1% 22.3% 93.0% 36.8B
ARTG Art Technology 96.13 5.81 6.4% 13.1% 51.9% 6.4B
ARBA Ariba 156.13 9.13 6.2% 7.8% 78.2% 37.6B
CMRC Commerce One 70.69 3.19 4.7% 40.1% -27.2% 11.5B
EPAY Bottomline Tech. 36.25 1.56 4.5% 13.3% 1.9% 394.0
QSFT Quest Software 59.75 2.38 4.1% 9.4% 18.6% 5.1B
XCAR XCare.net 5.88 0.19 3.3% 67.9% N/A 95.4
WEBM webMethods 101.25 3.19 3.3% 10.0% N/A 4.7B
CYBS CyberSource 11.69 0.13 1.1% 65.5% -77.1% 303.9
SNHK Sunhawk.com 16.50 0.06 0.4% 22.2% N/A 49.6
DRIV Digital River 6.00 -0.03 -0.5% -0.5% -81.8% 131.4
CYCH CyberCash 4.38 -0.13 -2.8% -2.7% -52.1% 113.2
QUOT Quotesmith.com 2.00 -0.06 -3.0% -15.8% -82.2% 38.5
SLTC Selectica 39.13 -1.38 -3.4% -0.9% N/A 1.4B
ELCO Elcom Inter. 5.25 -0.25 -4.5% -4.5% -84.4% 161.3
PRVW Preview Systems 9.13 -0.44 -4.6% 0.7% -85.8% 156.2
LQID Liquid Audio 6.25 -0.31 -4.8% -3.8% -75.9% 139.9
ORCC Online Resources 4.31 -0.25 -5.5% -33.6% -73.7% 50.0
PRSW Persistence 14.50 -0.88 -5.7% -7.9% -34.8% 283.5
NETP Net Perceptions 12.75 -0.88 -6.4% 15.9% -69.3% 340.6
BVSN BroadVision 31.94 -2.56 -7.4% 2.6% -43.0% 8.5B
NVDC Navidec 6.75 -0.56 -7.7% -20.6% -43.1% 74.3
ONVI Onvia.com 5.25 -0.44 -7.7
% N/A N/A 423.9
AWEB Autoweb.com 1.81 -0.16 -7.9% 1.8% -83.1% 53.5
FAIM FairMarket 3.56 -0.31 -8.1% -9.5% N/A 100.8
GSPT Global Sports 8.19 -0.72 -8.1% 2.4% -34.0% 177.7
FIRE FirePond 16.00 -1.50 -8.6% -19.5% N/A 568.9
ABTL Autobytel.com 4.44 -0.44 -9.0% -21.1% -70.4% 90.2
CYSV Cysive 6.88 -0.69 -9.1% -50.9% -80.7% 192.4
HCOM HomeCom 0.59 -0.06 -9.5% -20.8% -81.1% 5.3
TANN Tanning Tech. 15.00 -1.75 -10.4% -10.4% -74.2% 315.8
BBSW Broadbase 17.94 -2.25 -11.1% -12.8% -67.7% 852.3
ITRA Intraware 8.69 -1.13 -11.5% 17.8% -89.0% 227.9
OPUS Opus360 3.06 -0.47 -13.3% -27.9% N/A 153.7
ROWE Rowecom 4.66 -0.75 -13.9% -19.0% -89.6% 57.7
CKCM Click Commerce 29.81 -4.81 -13.9% 10.4% N/A 1.1B
CORI Corillian 9.75 -1.63 -14.3% 9.1% N/A 311.3
PRTS PartsBase.com 3.00 -0.50 -14.3% -32.4% N/A 42.3
CLIC Calico Commerce 5.88 -1.00 -14.5% -33.8% -88.8% 206.1
OMKT Open Market 6.72 -1.22 -15.4% -4.9% -84.9% 313.0
IMPV ImproveNet 2.13 -0.41 -16.0% 7.9% N/A 35.5
EPNY E.piphany 79.38 -15.56 -16.4% -9.8% -64.0% 3.6B
NEOF Neoforma.com 4.56 -0.94 -17.0% 52.1% N/A 578.9
PFSW PFSweb 2.38 -0.50 -17.4% 5.6% -93.6% 42.4
PCOR pcOrder.com 4.56 -1.00 -18.0% -12.0% -90.9% 77.0
INTW InterWorld 11.50 -4.94 -30.0% -34.3% -86.4% 335.6
USIT U.S. Interactive 2.66 -2.78 -51.1% -69.4% -93.7% 68.9
---------------------------------------------------------------------
E-commerce Enablers Ave. -4.4%
I-many, a provider of contract and trade-promotion automation
software, has been up and down and up since going public in
mid-July. This week it finishes at the top of the group with
its highest-ever closing price. IMNY has gained 26% from its
July 13 first-day close of $12.48. PurchasePro.com climbs after
Lehman Brothers upgrades its stock to “buy” from “outperform,”
and jumps again after announcing a 2-for-1 split. PPRO shares are
down 46% for the year, but up 92% over the past month and 210%
over the past year.
SECURITY
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VLCT ValiCert 24.25 5.38 28.5% 52.8% N/A 537.1
CHKP Check Point 160.25 8.38 5.5% 21.8% 226.5% 24.6B
CYLK Cylink 12.94 0.44 3.5% -10.4% -3.0% 399.0
WGRD WatchGuard 47.13 0.19 0.4% -10.5% 57.7% 1.1B
NETE Netegrity 55.88 -1.44 -2.5% -2.5% 49.0% 1.6B
LTNX Litronic 4.63 -0.13 -2.6% -21.3% -41.5% 45.7
VONE V-ONE 2.81 -0.09 -3.2% -7.2% -51.5% 62.2
RSAS RSA Security 47.00 -2.00 -4.1% -23.9% -38.6% 1.9B
ISSX Internet Security 77.25 -6.75 -8.0% 12.7% 10.0% 3.2B
ITRU InterTrust 15.31 -1.56 -9.3% -1.2% -73.6% 1.3B
ENTU Entrust Tech. 25.50 -2.63 -9.3% -1.2% -56.9% 1.6B
PILT Pilot Network 11.13 -1.25 -10.1% -23.9% -53.1% 167.8
NSSI Network-1 5.56 -0.69 -11.0% -9.6% -47.9% 34.8
AXNT AXENT 20.56 -2.69 -11.6% -13.6% -0.9% 595.0
--------------------------------------------------------------------
Security Ave. -2.4%
Since closing on its first day of trading July 28 at $11.88,
ValiCert has more than doubled in price, thanks in large part
to Wednesday’s 17% jump. The e-transaction infrastructure
provider is the only big gainer in this group and lands the
No. 3 slot across all secto
rs. Check Point Software Technologies
adds a bit more to its second-best YTD gain among all ‘Net
tickers. In the past 12 months, CHKP is up 617%. Only ITWO
has done better in that time.
PERFORMANCE SOFTWARE
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
COBT Cobalt Networks 58.31 12.25 26.6% 21.8% -45.5% 1.7B
MNDO MIND C.T.I. 13.81 2.81 25.6% 43.5% N/A 277.9
IWOV Interwoven 108.13 21.25 24.5% 30.3% 80.0% 5.3B
SVCW ServiceWare 9.25 1.50 19.4% N/A N/A 217.7
SWCM Software.com 159.69 19.88 14.2% 19.6% 68.4% 7.8B
BLSW Bluestone 20.44 1.31 6.9% 2.8% -82.0% 424.6
SQSW Sequoia 10.56 0.38 3.7% 14.2% N/A 324.4
TMNT Telemate.Net 2.44 0.06 2.6% 18.2% -84.8% 19.2
WBSN Websense 19.63 0.13 0.6% 14.6% N/A 383.2
EVLV Evolve Software 24.88 0.00 0.0% 62.9% N/A 909.3
GTHR GetThere 17.63 0.00 0.0% 56.7% -55.7% 619.0
EMBT Embarcadero 41.63 -0.25 -0.6% 7.8% N/A 1.1B
NSPK NetSpeak 11.78 -0.16 -1.3% 5.9% -43.9% 167.1
PRSF Portal Software 45.25 -0.81 -1.8% -14.4% -10.9% 7.4B
NESY NEON Systems 13.00 -0.38 -2.8% -24.6% -66.5% 122.7
RWAV Rogue Wave 5.69 -0.19 -3.2% -17.3% -28.0% 61.9
OTEX Open Text 23.00 -0.88 -3.7% -21.0% 29.4% 465.3
SPRT Support.com 28.25 -1.13 -3.8% 19.9% N/A 949.9
VIAD Viador 9.19 -0.38 -3.9% -4.5% -78.0% 163.6
DTEC Delano Tech. 11.75 -0.75 -6.0% 10.6% N/A 354.2
VATA Versata 25.50 -1.75 -6.4% 7.4% N/A 1.0B
CTRA Centra Software 7.25 -0.56 -7.2% 2.6% N/A 175.2
IPIX Internet Pict. 7.88 -0.63 -7.4% -4.5% -51.9% 475.2
DGV Digital Lava 5.38 -0.50 -8.5% -18.9% -22.3% 38.7
SGNT Sagent Tech. 8.25 -0.88 -9.6% -31.6% -72.1% 235.7
IMAN iManage 9.94 -1.06 -9.7% 4.6% -68.7% 231.3
OTGS OTG Software 29.00 -3.19 -9.9% 3.6% N/A 747.2
SABA Saba Software 25.38 -2.88 -10.2% -22.5% N/A 1.1B
RDWR Radware 28.13 -3.31 -10.5% -17.1% -34.0% 435.1
EXTN Extensity 20.69 -2.44 -10.5% -12.0% N/A 493.6
NTOP Net2Phone 25.89 -3.11 -10.7% -9.8% -42.9% 1.4B
MONE MatrixOne 35.25 -4.38 -11.0% 8.0% N/A 1.5B
LOUD Loudeye 8.38 -1.06 -11.3% -6.3% N/A 310.0
EPRS Eprise 14.25 -2.06 -12.6% -12.0% N/A 358.3
SONE S1 Corp. 14.63 -2.13 -12.7% -9.0% -81.0% 807.3
LBRT Liberate 28.69 -4.25 -12.9% 69.4% -77.4% 2.6B
RNWK RealNetworks 41.50 -6.38 -13.3% -16.2% -30.2% 6.5B
TIBX Tibco Software 77.00 -12.81 -14.3% -14.8% 52.9% 14.6B
CWLD CrossWorlds 22.50 -3.75 -14.3% 40.6% N/A 583.7
WEBT WebTrends 35.00 -5.84 -14.3% -7.4% -12.5% 916.9
VIGN Vignette 31.19 -5.25 -14.4% -16.4% -41.9% 7.2B
VMDC VantageMed 1.38 -0.25 -15.4% -21.4% N/A 11.8
RHAT Red Hat 20.13 -4.00 -16.6% -11.8% -80.7% 3.2B
FVCX FVC.com 5.56 -1.13 -16.8% 10.6% -51.8% 96.0
BLUE Blue Martini 39.81 -8.19 -17.1% -30.5% N/A 2.7B
BWEB BackWeb 13.75 -2.94 -17.6% -19.4% -67.0% 516.3
WAVO WAVO 0.69 -0.16 -18.5% 15.8% -82.0% 30.5
CLRN Clarent 36.88 -8.50 -18.7% -25.1% -52.0% 1.2B
PKSI Primus Knowledge 20.50 -5.00 -19.6% -20.8% -54.2% 367.3
NTGX net.Genesis 6.38 -1.56 -19.7% -41.0% N/A 134.8
AVSR Avistar 8.50 -2.13 -20.0% -20.0% N/A 214.3
PASW PASW
2.50 -0.63 -20.0% -14.9% -55.5% 11.3
VOCL VocalTec 11.94 -3.06 -20.4% -28.7% -27.8% 144.6
SSSW SilverStream 24.50 -7.75 -24.0% -18.0% -79.2% 501.9
ALLR Allaire 9.94 -11.69 -54.0% -72.7% -86.2% 270.8
---------------------------------------------------------------------
Performance Software Ave. -7.9%
No mystery why server appliance vendor Cobalt Networks leads
this sector: Sun Microsystems announced this week that it would
by CBLT for $2 billion, a price that values shares at 43%
above Monday’s closing price of $41.13. MIND C.T.I., which
makes real-time billing and customer care software for
voice over IP service providers, continues to gain in the wake
of Q2 results announced in early September. Revenues doubled
to $3.6 million, while net income rose 115% to $879,000.
Allaire plummets after issuing Q3 earnings warning that
shocked some investors. Analysts expected a 7 cents per share
profit in Q3, but ALLR says it will instead post losses of
5 cents to 20 cents per share.
INTERNET SERVICES
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ILND Interland 8.06 1.28 18.9% 15.2% N/A 376.6
VRSN VeriSign 194.00 21.00 12.1% 11.4% 2.9% 37.7B
INIT Interliant 11.56 1.13 10.8% -11.9% -55.0% 553.1
CPTH Critical Path 72.06 6.94 10.7% 29.7% -22.7% 4.6B
IPRT iPrint.com 3.50 0.25 7.7% -0.9% N/A 104.9
NETZ Netzee 4.88 0.31 6.8% 0.6% -70.3% 107.4
VCNT Vicinity 12.00 0.69 6.1% -14.3% N/A 337.0
LFMN Lifeminders 25.00 1.31 5.5% 9.0% -56.2% 596.3
CTCH CommTouch 20.38 1.06 5.5% -6.3% -57.5% 310.9
LIOX Lionbridge 8.44 0.38 4.7% -12.3% -53.2% 230.5
CONV Convergent 3.94 0.13 3.3% -1.6% -74.9% 116.5
EXDS Exodus 62.50 1.25 2.0% -2.7% 42.5% 26.0B
CAVN Cavion Tech. 4.50 0.00 0.0% -2.7% -41.2% 22.4
HHNT HeadHunter.NET 5.94 -0.06 -1.0% N/A -52.1% 110.4
EVOK Evoke Comm. 7.91 -0.09 -1.2% -23.8% N/A 370.0
CLAI Claimsnet.com 3.69 -0.06 -1.7% 5.4% -62.7% 33.9
CRIO Corio 10.03 -0.22 -2.1% 0.3% N/A 486.4
USIX USinternetworking 7.31 -0.19 -2.5% -32.0% -84.1% 708.3
DRTN Data Return 22.38 -0.75 -3.2% 14.0% -57.7% 795.5
ECRU E-Cruiter.com 3.63 -0.13 -3.3% N/A -48.5% 27.9
MRBA Marimba 14.63 -0.63 -4.1% -9.0% -67.9% 342.7
DIGX Digex 60.38 -3.63 -5.7% -29.0% -11.1% 3.8B
WNET WHEREVER.net 2.88 -0.19 -6.1% -6.1% N/A 71.1
RCOM Register.com 8.50 -0.56 -6.2% -41.4% N/A 271.9
CHRD Chordiant 10.38 -0.75 -6.7% -19.8% N/A 381.9
SKIL SkillSoft 18.50 -1.50 -7.5% 23.8% N/A 245.1
JPTR Jupiter Comm. 16.75 -1.56 -8.5% -32.0% -43.9% 261.1
KANA Kana Comm. 29.88 -2.88 -8.8% -23.0% -70.5% 2.8B
KEYN Keynote Systems 25.06 -2.56 -9.3% -16.1% -65.6% 693.7
EGRT Egreetings 1.19 -0.13 -9.5% -2.5% -88.1% 42.0
NAVI NaviSite 37.69 -4.00 -9.6% -12.9% -23.7% 2.1B
IBAS iBasis 18.23 -2.20 -10.8% 0.3% -35.8% 621.6
SAPE Sapient 42.06 -5.44 -11.4% -21.7% -39.6% 5.0B
MAIL Mail.com 5.75 -0.78 -12.0% -12.4% -69.0% 343.6
HLTH WebMD 13.19 -1.81 -12.1% -0.5% -64.4% 2.9B
EGAN eGain 9.75 -1.38 -12.4% 6.1% -73.9% 288.6
HOTJ HotJobs.com 16.38 -2.50 -13.2% 0.4% -62.1% 591.8
NTWO N2H2 2.69 -0.44 -14.0% -10.4% -88.4% 60.4
SRCH US
SEARCH.com 1.50 -0.25 -14.3% -4.0% -79.8% 27.4
SVVS Savvis Comm. 8.56 -1.44 -14.4% 8.7% N/A 796.0
STMP Stamps.com 5.38 -1.00 -15.7% 13.2% -86.9% 264.0
FUSN Fusion Networks 1.16 -0.22 -15.9% 19.3% N/A 42.8
WQNI WorldQuest 3.75 -0.75 -16.7% -28.6% N/A 23.9
LPSN LivePerson 5.88 -1.18 -16.7% -22.3% N/A 173.1
EQIX Equinix 10.38 -2.13 -17.0% -20.2% N/A 765.4
ITXC ITXC Corp. 15.13 -3.31 -18.0% -30.5% -54.5% 582.8
MDLI MedicaLogic 4.50 -1.00 -18.2% -16.8% -78.3% 248.6
ACRU Accrue Software 16.25 -3.94 -19.5% -14.5% -69.6% 475.2
WEBX WebEx 34.75 -9.81 -22.0% -0.7% N/A 1.3B
CRFH Crayfish Co. 4.13 -1.19 -22.4% -7.1% N/A 209.9
BWAY Breakaway Sol. 10.50 -4.25 -28.8% -48.3% -70.9% 472.7
---------------------------------------------------------------------
Internet Services Ave. -6.4%
Web hosting services provider Interland went public on July 25,
closing at $8.94, and has since been on a roller-coaster ride,
falling as low as $6.50 on Sept. 8 before climbing 24% through
Wednesday’s trading. This week the company announced an expanded
U.S. distribution strategy. VeriSign, the former security company
moved to this sector after its purchase of ‘Net domain registrar
Network Solutions, joins the small number of companies to gain
in share price this year with a 12% surge this week. VRSN shot up
this week after company officials predicted it would be “the
Internet’s first utility.”
ADVERTISING/MARKETING
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
APLN @plan 7.25 1.38 23.4% 20.8% -25.7% 82.0
FSHP FreeShop.com 5.00 0.75 17.6% 8.8% -89.5% 78.5
LNTY L90 8.38 0.47 5.9% 11.7% N/A 187.3
DCLK DoubleClick 40.25 2.25 5.9% 6.3% -67.8% 4.9B
CBLT Cobalt Group 4.38 0.22 5.3% -27.1% -52.8% 77.3
CSAV coolsavings.com 2.69 0.06 2.4% -14.0% N/A 105.1
HPOL Harris Interactive 4.63 0.00 0.0% 27.6% -64.2% 149.4
AVEA Avenue A 7.66 -0.09 -1.2% -10.6% N/A 444.6
NTRT NetRatings 16.19 -0.31 -1.9% -17.0% -65.9% 525.9
DIGI Digital Impact 7.75 -0.25 -3.1% -18.4% -84.3% 192.1
MMXI Media Metrix 18.25 -0.75 -3.9% -30.1% -48.3% 362.6
VCLK ValueClick 9.56 -0.81 -7.8% -5.6% N/A 267.8
TFSM 24/7 Media 11.81 -1.19 -9.1% -11.7% -78.7% 420.5
NTCR NetCreations 10.13 -1.13 -10.0% -47.1% -76.7% 156.9
PRME Prime Response 5.00 -0.63 -11.1% -9.1% N/A 103.4
NCNT Netcentives 8.00 -1.25 -13.5% -21.5% -87.0% 340.9
ENGA Engage 8.06 -1.72 -17.6% -23.2% -72.8% 1.4B
BFRE Be Free 4.25 -0.94 -18.1% -28.8% -88.0% 277.1
MYPT MyPoints.com 7.19 -4.56 -38.8% -36.1% -90.2% 211.2
MPLX Mediaplex 5.06 -4.69 -48.1% -34.1% -91.8% 170.4
----------------------------------------------------------------------
Advertising/Marketing Ave. -6.2%
Online consumer behavior research firm @plan dipped below $5 per share
on Sept. 11, and has since rebounded strongly. APLN leads this battered
sector for the week and for the year. Don’t bet the farm on a surge
by FreeShop.com: The direct marketing network rallies this week after
falling below $4 per share, but it’s down 11% since Tuesday. Mediaplex
issues Q3 revenue warning and gets downgraded by Credit Suisse First
Boston. Direct marketing firm MyPoints.com also falls on a Q3 warning,
but this one comes not from the company, but from Me
rrill Lynch.
CONSULTANTS/DESIGNERS
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close Change %Change %Change Cap
INFT Inforte 40.31 2.88 7.7% 3.2% N/A 499.9
DTAS Digitas 17.50 0.38 2.2% 0.7% N/A 1.0B
PRFT Perficient 12.00 0.25 2.1% N/A -4.7% 72.9
GENI GenesisIntermedia 15.25 0.25 1.7% N/A 165.6% 98.6
RAZF Razorfish 12.13 -0.13 -1.0% -21.8% -74.2% 1.2B
PXCM Proxicom 20.50 -0.69 -3.2% -31.4% -66.6% 1.2B
XPDR Xpedior 4.69 -0.19 -3.8% -60.5% -83.5% 236.9
MRCH marchFIRST 18.44 -0.81 -4.2% -14.5% -65.2% 2.8B
OGNC Organic 4.75 -0.25 -5.0% -37.7% N/A 417.8
CVGP Convergent Group 4.19 -0.31 -6.9% -40.7% N/A 181.8
IIXL iXL Enterprises 4.41 -0.34 -7.2% -62.3% -92.0% 333.6
SCNT Scient Corp. 25.75 -2.44 -8.6% -31.7% -69.8% 1.9B
LNTE Lante Corp. 6.38 -0.69 -9.7% -42.0% N/A 251.9
PECS PEC Solutions 5.13 -0.75 -12.8% -24.1% N/A 114.1
MSPR Mainspring 8.50 -1.25 -12.8% -33.3% N/A 159.8
IISX Integrated Info. 5.50 -0.88 -13.7% -15.4% N/A 112.6
MMPT Modem Media 5.75 -1.38 -19.3% -51.3% -83.5% 140.9
ACOM AGENCY.COM 16.81 -4.31 -20.4% -29.6% -66.6% 598.6
VIAN Viant 6.38 -1.84 -22.4% -76.6% -87.0% 305.7
LUMT Luminant Worldwide 5.31 -1.75 -24.8% -32.5% -88.2% 143.9
----------------------------------------------------------------------
Consultants/Designers Ave. -8.1%
Luminant Worldwide had been expecting a third-quarter profit. Investors
must have been too, because after the company warned it would instead
post a loss, LUMT shares were pounded by the market. Sensing a bargain,
investors bumped up shares of Viant on Sept. 11 after the stock hit
a new low in the days following (what else?) a Q3 revenue warning.
Their reward? A newer all-time low closing price of $6.31 by Thursday!
GenesisIntermedia.com continues its phenomenal impression of an
inanimate object. In 27 days of trading since Aug. 15, GENI has
closed at $15 per share an astounding 18 times.
SPEED/BANDWIDTH
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
INKT Inktomi 128.88 20.13 18.5% 6.7% 47.0% 14.7B
CFLO CacheFlow 132.00 16.88 14.7% 38.9% 2.3% 5.2B
BRCM Broadcom 242.38 23.88 10.9% -10.2% 80.2% 53.8B
JNPR Juniper Networks 220.06 21.44 10.8% 17.8% 293.2% 69.4B
AVCI Avici Systems 112.06 10.44 10.3% -18.7% N/A 5.4B
WGAT WorldGate 24.19 1.94 8.7% 29.9% -48.5% 524.1
SONS Sonus Networks 142.00 10.75 8.2% -5.8% N/A 8.7B
PKTR Packeteer 47.50 3.50 8.0% -3.4% -32.3% 1.3B
NENG Network Engines 36.38 2.50 7.4% 33.2% N/A 1.2B
CSCO Cisco Systems 63.13 1.81 3.0% -6.0% 19.3% 443.4B
TERN Terayon 43.50 1.13 2.7% -13.2% 40.2% 2.7B
ATON Alteon WebSystems 123.56 2.33 1.9% -15.5% 42.6% 5.3B
IBEM iBEAM Broadcasting 9.44 -0.19 -1.9% 16.2% N/A 1.0B
FFIV F5 Networks 42.94 -1.06 -2.4% -14.1% -61.9% 923.7
AKAM Akamai 60.63 -2.69 -4.2% -12.5% -81.3% 6.5B
CAIS CAIS Internet 6.69 -0.31 -4.5% -29.1% -80.9% 154.5
ATHM At Home 15.38 -0.81 -5.0% 7.9% -63.7% 6.2B
SCMR Sycamore Networks 105.50 -7.19 -6.4% -34.0% 4.0% 25.8B
INAP InterNAP 29.94 -2.06 -6.4% 13.8% -65.0% 4.4B
RSNT Resona
te 30.19 -3.44 -10.2% -23.6% N/A 813.9
RDWR Radware 28.13 -3.31 -10.5% -17.1% -34.0% 435.1
RAMP Ramp Networks 4.84 -0.59 -10.9% -14.8% -67.8% 104.9
TUTS Tut Systems 74.38 -10.63 -12.5% -33.0% 40.4% 1.2B
HSAC High Speed Access 4.31 -0.78 -15.3% -28.1% -75.2% 240.2
COVD Covad 14.31 -3.25 -18.5% -9.1% -61.1% 2.2B
----------------------------------------------------------------------
Speed/Bandwidth Ave. -0.2%
The top-performing sector of the year leads all other groups this
week. Inktomi takes the No. 1 slot thanks to its announced plans to
buy online broadcasting company FastForward Networks for $1.3 billion,
sending shares up 12% last Thursday. Shares rose another 5% on Wednesday
after Inktomi announced an initiative to deliver a set of integrated
search tools designed to allow Internet, corporate and wireless
customers to search across the Web, intranets and extranets, which should give
the company strong inroads into the enterprise market. This week’s
sector runner-up (and Inktomi competitor), CacheFlow, has gained 333%
since closing at $30.50 on April 17. CFLO beat street estimates for
Q3 in August (though it still posted a loss) and has been getting
good buzz in the press.
ISPs/ACCESS PROVIDERS
9/20 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
IZAP ZapME! 2.00 0.19 10.3% -15.8% -76.5% 90.3
IIJI Internet/Japan 39.63 1.44 3.8% 15.7% -58.7% 1.8B
DSLN DSL.net 4.44 0.16 3.6% -49.2% -68.9% 292.3
IGLD Internet Gold 5.88 0.13 2.2% -7.8% -73.3% 108.3
PRGY Prodigy 8.00 0.13 1.6% 3.2% -58.2% 558.8
FSST FASTNET 2.50 0.00 0.0% 23.1% N/A 37.5
ATHY AppliedTheory 7.06 0.00 0.0% -9.6% -74.2% 175.3
TRRA Terra Networks 36.75 -0.81 -2.2% 9.5% -32.0% 10.1B
IAWK Iasiaworks 10.83 -0.36 -3.2% -7.8% N/A 425.5
LOAX Log On America 3.00 -0.13 -4.0% -20.7% -85.0% 26.4
ELNK EarthLink 10.19 -0.63 -5.8% 0.6% -75.7% 1.3B
GEEK Internet America 3.56 -0.25 -6.6% -1.7% -69.5% 34.6
IDTC IDT Corp. 36.94 -2.69 -6.8% -9.4% 98.1% 1.4B
FREE Freeserve 39.13 -2.88 -6.8% -2.2% -56.9% 3.9B
BIZZ Biznessonline.com 2.56 -0.22 -7.9% -2.4% -62.9% 24.2
PCNTF Pacific Internet 12.75 -1.13 -8.1% 2.5% -72.5% 161.2
PNVN PNV 1.25 -0.13 -9.1% -16.7% -84.5% 19.9
DDDC Deltathree.com 5.75 -0.66 -10.2% -12.4% -77.4% 165.7
KOREA Korea Thrunet 6.88 -0.81 -10.6% -13.4% -89.7% 494.7
VNWI VIA NET.WORKS 10.00 -1.25 -11.1% -24.5% N/A 596.8
QSCG QS Comm. 16.75 -2.13 -11.3% -17.8% N/A 853.8
JWEB Juno Online 5.25 -0.69 -11.6% 3.7% -85.0% 204.1
RMII RMI.Net 1.88 -0.25 -11.8% -25.0% -77.2% 41.1
ISLD Digital Island 22.81 -3.19 -12.3% -14.5% -75.7% 1.6B
VOYN Voyager.net 5.63 -0.94 -14.3% -19.6% -38.0% 178.1
HANA Hanaro Telecom 3.94 -0.81 -17.1% -26.7% N/A 1.0B
GIGM GigaMedia 8.63 -1.81 -17.4% -6.8% N/A 421.2
NZRO NetZero 3.25 -0.69 -17.5% -14.0% -87.8% 340.7
TLCT Telocity Delaware 3.44 -0.88 -20.3% -16.7% N/A 291.7
PSIX PSINet 10.63 -5.25 -33.1% -43.3% -65.2% 2.0B
ZIPL Ziplink 3.75 -1.88 -33.3% -31.0% -69.6% 48.7
NPLI Netpliance 2.44 -1.56 -39.1% -57.1% N/A 147.3
---------------------------------------------------------------------
ISP/Access Provider Ave. -9.7%
ZapMe! subsidiary r)Star Broadba
nd Networks snags a five-year pact
to install and manage a broadband network for Crown American Realty
Trust’s two dozen enclosed shopping malls in the U.S. Investors
in Web device vendor Netpliance are getting an eye-opener (and gouge)
as shares sink to the $2 mark. Since going public in March, NPLI
is down more than 90%. Faced with lagging sales of its I-Opener
Web device, the company last month slashed the product’s price to
$299 from $399.
