B2B Plays Lead Another Net Decline

The carnage continued for Internet stocks on Tuesday as investors pushed
tech-related indices and issues to their lowest levels in months.

Leading
the plunge again were business-to-business (B2B) e-commerce stocks; the
sector leader, Internet Capital Group is now trading 73 percent off its
52-week high of $212.

internet.com’s Internet Stock Index fell 46.90, or 5.49 percent, to 806.81,
the NASDAQ composite dropped 132.30 to 4,055.90, and the Dow Jones
industrial average gained 11,287.08.

Internet Capital Group (ICGE)
lost 6-7/16 to 57-9/16, Commerce
One
(CMRC)
fell 9-1/2 to 110, and Ariba (ARBA)
gave up 9-3/16 to 81-9/16.

In other B2B e-commerce action, Onvia.com
(ONVI)
announced today that the Detroit Regional Chamber of Commerce, the Florida
Chamber of Commerce, and the Greater Seattle Chamber of Commerce have all
selected Onvia to provide an online e-marketplace solution for their
respective members. Shares lost 1-9/16 to 13-15/16 despite the positive
news.

A number of sector leaders took it on the chin, Broadcom Corp. (BRCM)
was down 17-7/8 to 176-5/8 , Doubleclick Inc. (DCLK)
was off 4-15/16 to 76-9/16, Exodus
Communications
(EXDS)
lost 14-3/16 to 112-1/4, Inktomi Corp.
(INKT)
finished 26-3/16 lower at 135-1/16, and RealNetworks Inc. (RNWK)
stumbled 4-5/8 to 40-1/8.

Priceline.com Inc. (PCLN)
was down 7-13/16 to 65-1/16 and Travelocity (TVLY)
was off 2-1/4 to 27-1/2. Late Monday the two companies announced a marketing
alliance. The two companies plan to integrate their ticketing services on
both Web sites.

Stamps.com Inc. (STMP)
lost 2-3/16 to 13. The company reported a quarterly loss of 66 cents, 6
cents better than expected. The company doubled its customer base during the
period.

Vignette (VIGN)
fell 24-7/16 to 147-1/16. The company Tuesday unveiled a new customer
relationship management program. Also, CS First Boston initiated coverage
with a “buy” rating.

Opus360 Corp. (OPUS)
was down 3-13/16, or 31 percent, to 8-1/2. The Wall Street
Journal
reported Tuesday the SEC is considering an enforcement action
against the B2B Internet company.


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