With so many Internet stocks hitting new lows every day, it was
only a matter of time before the entire market followed suit. On
Thursday, the Nasdaq ended trading at 3074.68, beating its previous
low close for the year of 3164.29 on May 23. Meanwhile, internet.com’s
Internet Stock Index, or ISDEX, finished at 595.79, barely above
its May 26 price of 592.61, the current yearly low. And the numbers
you see below mark the fifth consecutive week that all 13 Internet
sectors are down. That hasn’t happened in the 18 months since
StockTracker debuted in April ’99. It’s also only the second time
that percentage losses for all sectors were in double digits. The
last time that occurred was right before Memorial Day in late May.
And after that? Well, most sectors gained (slightly) in the next
week, and the week after that saw a phenomenal bounceback in which
all groups posted double-digit gains, with two advancing an
astounding 31%. Don’t count on a repeat performance, though.
We have a long way to go before the earnings season from hell is
over. At best, we could see a few sectors gain next week; at worst,
another across-the-board nosedive. Keep those safety belts fastened.
NOTE: Regarding the presidential election, the first candidate to
offer psychological therapy tax credits for Internet investors
gets my vote.
*Market cap figures are in millions.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
E-commerce Enablers -11.5%
E-tailers -12.6%
Speed/Bandwidth -12.6%
Security -13.5%
Financial Services -14.2%
Advertising/Marketing -14.4%
Wireless -15.1%
Performance Software -15.7%
ISPs/Access Providers -15.9%
Consultants/Designers -16.1%
Content/Communities -17.1%
Internet Services -18.3%
Search/Portals -23.5%
TOP 10 GAINERS 7-Day % Gain Category
RSAS RSA Security 25.2% Security
ABTL Autobytel.com 24.1% E-Commerce Enablers
CORI Corillian 23.7% E-Commerce Enablers
VIGN Vignette 18.6% Performance Software
LQID Liquid Audio 17.4% E-Commerce Enablers
IMNY I-Many 14.9% E-Commerce Enablers
LNTE Lante 13.8% Consultants/Designers
HAND Handspring 13.8% Wireless
IBEM iBEAM 12.1% Speed/Bandwidth
CVGP Convergent Group 11.5% Consultants/Designers
TOP 10 LOSERS 7-Day % Loss Category
BWAY Breakaway Sol. -62.5% Internet Services
RAZF Razorfish -53.5% Consultants/Designers
ITRU InterTrust -51.1% Security
MRBA Marimba -50.3% Internet Services
NAVI NaviSite -46.8% Internet Services
SINA SINA.com -44.0% Portals
EQIX Equinix -42.1% Internet Services
PCLN priceline.com -42.0% E-tailers
ILND Interland -41.6% Internet Services
TFSM 24/7 Media -41.2% Advertising/Marketing
********************************************************************
WIRELESS PRODUCTS/SERVICES
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
HAND Handspring 68.25 8.25 13.8% 83.5% N/A 8,561.1
PALM Palm 46.94 1.50 3.3% -3.2% N/A 26,535.9
WFII Wireless Facilit 60.81 1.38 2.3% -18.8% 50.1% 2,567.9
IIIM i3 Mobile 6.00 0.00 0.0% -20.0% N/A 136.8
AETH Aether Systems 83.19 -6.81 -7.6% -38.8% 25.1% 3,250.9
MCOM Metrico
m 20.25 -2.19 -9.7% -42.0% -72.3% 622.0
OMNY OmniSky 13.69 -1.81 -11.7% N/A N/A 891.8
GOAM GoAmerica 5.75 -1.00 -14.8% -40.3% N/A 295.4
PRTH Parthus 34.50 -7.00 -16.9% -25.0% N/A 1,779.0
PHCM Phone.com 91.56 -20.50 -18.3% 3.9% -15.0% 7,582.8
GWRX Geoworks 5.00 -1.19 -19.2% -54.3% -67.9% 108.3
SVNX 724 Solutions 35.50 -9.75 -21.5% -24.7% N/A 1,333.2
VYYO Vyyo 21.00 -7.13 -25.3% -33.6% N/A 788.3
INSP InfoSpace 19.75 -7.75 -28.2% -49.7% -60.2% 4,617.1
PUMA Puma Tech. 13.13 -5.56 -29.8% -42.6% -78.4% 555.3
AVGO Avantgo 10.75 -5.81 -35.1% N/A N/A 358.5
IWAV interWAVE 5.81 -3.44 -37.2% -45.9% N/A 281.6
--------------------------------------------------------------------
Wireless Ave. -15.1%
The two wireless device competitors lead the sector this week.
Handspring pulls out of a tailspin that began in late September,
after a strong run-up. The only non-hardware company to gain is
Wireless Facilities, a provider of wireless systems development
and services, which climbs on a deal with Nokia in which WFII will
provide network design and services in Europe, the Middle East
and Africa. Its modest rally in late August long forgotten, IWAV
tumbles to new lows.
SEARCH/PORTALS
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
AOL America Online 54.50 -4.15 -7.1% -2.7% -22.1% 126,664.1
LOOK LookSmart 7.88 -1.06 -11.9% -47.9% -68.6% 705.9
AOLA AOL/Latin Am. 6.81 -1.13 -14.2% -19.3% N/A 1,788.3
ASKJ Ask Jeeves 14.56 -2.94 -16.8% -43.7% -86.1% 519.5
STRM StarMedia 5.31 -1.13 -17.5% -53.8% -85.7% 349.7
DIG Disney-Internet 8.19 -1.75 -17.6% -43.3% -62.9% 1,275.5
NTES Netease.com 4.03 -0.97 -19.4% -34.9% N/A 121.4
GOTO GoTo.com 9.94 -3.25 -24.6% -49.2% -81.8% 518.6
YHOO Yahoo! 65.38 -22.56 -25.7% -38.5% -67.5% 35,912.9
SOHU Sohu.com 4.00 -1.44 -26.4% -42.9% N/A 124.9
CHINA Chinadotcom 8.06 -3.69 -31.4% -50.4% -77.9% 704.5
BOUT About.com 20.38 -10.94 -34.9% -50.3% -75.6% 367.8
LCOS Lycos 39.88 -23.75 -37.3% -42.3% -46.0% 4,402.4
SINA SINA.com 5.56 -4.38 -44.0% -73.4% N/A 227.7
--------------------------------------------------------------------
Search/Portals Ave. -23.5%
Every company in this sector is down for the week. Every company
in this sector is down for the month. Every company in this sector
is down…I think you know where this is going. At least AOL had
some good news this week with the approval of its proposed merger
with Time Warner by the European Commission. Now it’s on to U.S.
regulators and their concerns about cable access for competitors.
The Chinese portals – SINA.com, Chinadotcom and Sohu.com – continue
to suffer in wake of new regulations unveiled earlier this month
by the Chinese government.
CONTENT/COMMUNITIES
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VDAT Visual Data 3.25 0.16 5.1% -21.2% -69.6% 27.3
HGAT HealthGate 1.06 0.00 0.0% -19.0% N/A 19.0
KNOT Knot 3.00 -0.06 -2.0% -2.1% -61.7% 43.8
INFO Infonautics 2.13 -0.06 -2.9% -29.2% -67.3% 26.0
EWBX EarthWeb 9.94 -0.31 -3.0% -7.6% -78.7% 103.4
ARTD Artistdirect 1.06 -0.06 -5.6% -52.8% N/A 39.2
PASA quepasa.com 0.81 -0.06 -7.1% -38.1% -93.1% 15.2
MLTX
Multex.com 16.25 -1.50 -8.5% -35.3% -53.5% 493.8
DTHK DigitalThink 39.94 -3.69 -8.5% 2.4% N/A 1,363.5
ONES OneSource 10.38 -1.00 -8.8% -9.8% -16.9% 121.2
QKKA Quokka Sports 3.13 -0.31 -9.1% -63.2% -74.4% 144.8
CNET CNET Networks 23.06 -2.50 -9.8% -22.5% -56.2% 2,006.1
ZDZ ZDNet 13.50 -1.50 -10.0% -22.3% -30.8% 1,016.4
TURF iTurf 1.06 -0.13 -10.5% -34.6% -90.8% 22.4
HCEN HealthCentral.com 1.69 -0.22 -11.5% -50.0% -75.1% 76.2
HOMS Homestore.com 37.50 -5.00 -11.8% -20.4% -45.6% 3,074.1
HOOV Hoover's 5.69 -0.81 -12.5% -15.7% -30.0% 78.6
TCTY Talk City 0.88 -0.13 -12.5% -41.7% -96.4% 21.9
KOOP drkoop.com 0.97 -0.16 -13.9% -35.4% -91.2% 33.8
SNOW Snowball.com 1.06 -0.19 -15.0% -52.8% N/A 39.8
IASIA Asiacontent.com 2.00 -0.39 -16.3% -33.3% N/A 68.7
LAUN Launch Media 5.38 -1.13 -17.3% -21.8% -69.4% 72.9
SWBD Switchboard 6.13 -1.44 -19.0% -18.3% N/A 151.0
INTM internet.com 21.75 -5.31 -19.6% -15.5% -55.2% 545.8
EDGR EDGAR Online 3.75 -0.94 -20.0% -21.1% -45.2% 46.7
IVIL iVillage 2.75 -0.75 -21.4% -52.2% -85.4% 81.7
TSCM TheStreet.com 3.13 -0.88 -21.9% -54.5% -82.5% 83.8
SALN Salon.com 1.22 -0.34 -22.0% -45.8% -73.7% 16.9
WOMN Women.com 1.75 -0.50 -22.2% -44.0% -86.8% 81.9
NETR NetRadio 1.06 -0.31 -22.7% -39.3% -86.1% 10.6
NBCI NBC Internet 5.31 -1.63 -23.4% -38.0% -92.6% 332.2
HSTM HealthStream 2.00 -0.63 -23.8% -20.0% N/A 40.0
SPLN SportsLine.com 9.88 -3.25 -24.8% -40.8% -78.8% 260.8
STAD Student Advantage 5.81 -1.94 -25.0% -25.6% -71.8% 209.9
TPN TownPagesNet 0.94 -0.31 -25.0% -44.4% -80.3% 9.0
SCRM ScreamingMedia 6.69 -2.31 -25.7% -32.7% N/A 250.3
GNET Go2Net 36.13 -13.50 -27.2% -49.1% -55.3% 1,133.6
MPPP MP3.com 2.84 -1.16 -28.9% -47.1% -90.3% 193.9
VERT VerticalNet 22.25 -10.19 -31.4% -49.3% -70.8% 1,915.7
TGLO theglobe.com 0.56 -0.28 -33.3% -55.0% -92.8% 17.5
MKTW MarketWatch.com 4.50 -2.38 -34.5% -60.9% -86.7% 73.9
IMPV ImproveNet 1.06 -0.56 -34.6% -58.0% N/A 17.8
LOIS Loislaw.com 2.38 -1.44 -37.7% -72.3% -93.5% 50.0
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Content/Comm. Ave. -17.1%
Investors continue to throw the book at legal content provider
Loislaw.com after the departure early this month of the company’s
president, Mark Beyland. Isn’t this double jeopardy or something?
Web-based home improvement services player ImproveNet announces
lower-than-expected Q3 losses after the market closes on Wednesday.
Since July, it’s been a long, steady slide for financial news site
MarketWatch.com. Remember when theglobe.com had the best opening-day
gain of all time among Internet stocks? I don’t either.
E-TAILERS
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
SKDS SmarterKids.com 1.88 0.16 9.1% 3.4% -72.2% 38.6
EBKR Ebookers.com 5.44 0.31 6.1% -16.3% -66.2% 92.6
TIXX Tickets.com 1.28 0.06 5.1% -17.2% -90.4% 75.8
BYND Beyond.com 1.00 0.03 3.2% -34.7% -86.2% 38.1
PPOD Peapod 1.22 0.03 2.6% -36.0% -84.8% 21.9
BFLY Bluefly 2.94 0.06 2.2% -28.2% -69.3% 14.5
EFTD FTD.COM 2.00 0.00 0.0% -7.2% -59.0% 97.3
FASH Fashionmall.com 2.19 -0.03 -1.4% -5.4% -46.9% 16.4
FATB Fatbrain.com
3.78 -0.06 -1.6% -13.9% -83.8% 49.3
EXPE Expedia 9.44 -0.19 -1.9% -42.4% -71.0% 455.0
DSCM Drugstore.com 2.75 -0.16 -5.4% -45.0% -91.8% 146.0
EGGS Egghead.com 2.03 -0.12 -5.8% -35.0% -86.5% 86.0
ALOY Alloy Online 8.00 -0.50 -5.9% -4.5% -45.3% 167.2
BGST BigStar 0.44 -0.03 -6.7% -49.9% -93.9% 4.5
WBVN Webvan Group 1.81 -0.19 -9.4% -51.7% -88.2% 628.5
INSW InsWeb 1.75 -0.19 -9.7% -12.5% -92.6% 61.6
LMIN Lastminute.com 8.88 -1.13 -11.3% -23.7% N/A 266.8
COOL Cyberian Outpost 3.44 -0.44 -11.3% -22.0% -62.7% 97.9
ADBL Audible 0.97 -0.12 -11.4% -46.6% -93.0% 26.7
BNBN barnesandnoble.com 3.88 -0.50 -11.4% -11.4% -70.6% 566.3
BUYX BUY.COM 2.56 -0.34 -11.8% -35.4% N/A 336.2
VSHP VitaminShoppe.com 0.88 -0.13 -12.5% -30.0% -89.7% 17.8
IPET Pets.com 0.56 -0.09 -14.3% -40.0% N/A 16.4
PLRX PlanetRx.com 0.38 -0.06 -14.3% -42.8% -97.2% 19.3
VSTY Varsity Group 0.56 -0.09 -14.3% -43.7% N/A 8.9
AHWY audiohighway.com 0.38 -0.06 -14.3% -62.5% -95.3% 2.4
AMEN Crosswalk.com 1.31 -0.25 -16.0% -25.0% -72.4% 10.2
CTIX Cheap Tickets 8.88 -1.75 -16.5% -11.8% -30.2% 215.1
ETYS eToys 4.06 -0.84 -17.2% -30.1% -83.3% 495.6
EBAY eBay 53.00 -11.63 -18.0% -15.2% -8.8% 14,225.9
GDEN Garden.com 0.50 -0.13 -20.0% -66.7% -93.8% 8.8
SFTY eSAFETYWORLD 1.00 -0.25 -20.0% -27.3% N/A 3.0
ESTM E-Stamp 0.75 -0.22 -22.6% -52.0% -96.4% 29.9
AMZN Amazon.com 27.81 -8.19 -22.7% -34.5% -60.7% 9,897.5
TMCS Ticketmaster 11.63 -3.81 -24.7% -45.0% -67.4% 1,027.5
ROOM Hotel Network 26.13 -8.88 -25.4% -34.1% N/A 1,442.3
SQST SciQuest.com 3.31 -1.19 -26.4% -63.9% -95.5% 96.1
ASFD Ashford.com 1.97 -0.78 -28.4% -48.6% -80.7% 89.1
EMUS EMusic.com 0.91 -0.41 -30.9% -57.4% -90.5% 39.1
HITS Musicmaker.com 0.28 -0.19 -40.0% -65.4% -94.9% 9.3
PCLN priceline.com 5.44 -3.94 -42.0% -80.5% -87.6% 906.1
----------------------------------------------------------------------
E-tailers Ave. -12.6%
Hey, I just noticed that the top four gainers here all have names
ending in “.com”. The long-awaited comeback of the dot.coms is here!
OK, that’s as much false enthusiasm as I can muster. Not that a
combined weekly gain of 56 cents isn’t a strong indicator. Yesterday’s
priceline.com slogan: Name your price. Today’s: Name your poison.
If I have to keep writing about this stuff, make mine hemlock with
a beer chaser.
FINANCIAL SERVICES
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
MDCM Mortgage.com 0.75 0.00 0.0% -20.0% -86.1% 33.2
NXCD NextCard 8.81 -0.16 -1.7% -11.9% -67.1% 467.6
ECMV E Com Ventures 1.00 -0.06 -5.9% -8.6% -68.1% 9.9
WEBS Web Street 1.81 -0.13 -6.5% -36.9% -84.2% 46.7
DIR DLJdirect 5.88 -0.69 -10.5% -23.6% -53.4% 603.1
LINE onlinetrading.com 3.38 -0.44 -11.5% -38.6% -66.6% 38.7
AMTD Ameritrade 13.50 -1.81 -11.8% -34.5% -33.0% 2,365.1
TREE LendingTree 3.03 -0.47 -13.4% -45.5% N/A 54.6
EGRP E*TRADE 13.06 -2.19 -14.3% -32.4% -46.2% 3,917.5
NTBK Net.B@nk 9.44 -1.94 -17.0% -24.1% -45.1% 280.0
ICGE Internet Capital 12.50 -3.19 -20.3% -60.8% -92.1% 3,501.9
CMGI CMGI 19.25 -5.06 -20.8% -52.9% -85.0% 5,683.3
EELN E-Loan 3.75
-1.13 -23.1% 15.4% -75.2% 198.4
DVIN divineInterventures 2.75 -1.06 -27.9% -57.9% N/A 378.0
WITC Wit Soundview 5.13 -2.06 -28.7% -35.9% -67.5% 463.9
----------------------------------------------------------------------
Financial Services Ave. -14.2%
Leading an Internet sector with no gain is like getting into the
NFL playoffs with an 8-8 record. Speaking of which, if ‘Net stocks
continue to self-destruct, I may begin morphing StockTracker into
an NFL tout sheet by Thanksgiving. Oh heck, why wait? Take the
Patriots minus 3 in New England against the Jets, and Arizona plus 3
at home against the Eagles. From the “The Glass is 1/32 Full Dept.”:
E-Loan has gained 15.4% in the past month.
E-COMMERCE ENABLERS
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ABTL Autobytel.com 6.28 1.22 24.1% 28.8% -55.5% 127.6
CORI Corillian 12.06 2.31 23.7% 6.0% N/A 385.1
LQID Liquid Audio 5.06 0.75 17.4% -22.9% -79.2% 113.3
IMNY I-Many 21.75 2.81 14.9% 68.9% N/A 695.4
BVSN BroadVision 23.69 2.31 10.8% -31.3% -55.0% 6,328.1
ITWO i2 Tech. 176.00 16.63 10.4% 2.3% 94.4% 34,869.3
ORCC Online Resources 3.38 0.19 5.9% -26.0% -78.1% 39.1
PRVW Preview Systems 4.31 0.06 1.5% -54.9% -92.8% 73.8
HCOM HomeCom 0.38 0.00 0.0% -42.8% -87.3% 3.3
XCAR XCare.net 4.19 -0.06 -1.5% -26.4% N/A 68.0
OPUS Opus360 2.00 -0.06 -3.0% -43.4% N/A 100.4
ZNGN Zengine 13.06 -0.56 -4.1% N/A N/A 215.2
ELCO Elcom Int. 4.50 -0.25 -5.3% -18.2% -85.7% 138.3
INTW InterWorld 3.38 -0.19 -5.3% -79.5% -95.7% 98.5
NETP Net Perceptions 4.50 -0.25 -5.3% -67.0% -88.5% 120.2
SLTC Selectica 36.75 -2.13 -5.5% -9.3% N/A 1,320.6
ARTG Art Technology 63.69 -4.02 -5.9% -29.5% 7.1% 4,269.4
AGIL Agile Software 71.25 -5.25 -6.9% 0.4% -29.4% 3,316.5
EPNY E.piphany 59.63 -4.63 -7.2% -37.2% -71.2% 2,693.0
CMRC Commerce One 61.00 -5.25 -7.9% -9.6% -33.1% 9,882.1
QUOT Quotesmith.com 1.81 -0.19 -9.4% -12.1% -82.8% 34.8
PRSW Persistence 10.44 -1.13 -9.7% -32.1% -50.0% 204.1
CYCH CyberCash 2.69 -0.31 -10.4% -40.3% -68.7% 69.5
STCS Software Tech. 16.44 -2.06 -11.1% -21.3% N/A 1,136.1
PRTS PartsBase.com 3.19 -0.41 -11.3% -8.9% N/A 44.9
BRNC Braun Consulting 12.75 -1.88 -12.8% -24.4% -80.8% 256.5
AWEB Autoweb.com 1.25 -0.19 -13.0% -36.5% -87.6% 36.9
ARBA Ariba 111.19 -18.59 -14.3% -24.4% 35.0% 26,753.4
GSPT Global Sports 6.88 -1.22 -15.1% -22.8% -41.1% 149.2
RETK Retek 39.94 -7.19 -15.3% 7.0% -42.9% 1,891.3
EPAY Bottomline 34.44 -6.31 -15.5% -0.7% 3.0% 442.9
CKCM Click Commerce 24.50 -4.50 -15.5% -29.2% N/A 936.6
CYBS CyberSource 9.08 -1.67 -15.6% -21.5% -81.1% 316.0
CLIC Calico Commerce 3.00 -0.56 -15.8% -56.4% -93.9% 105.2
NVDC Navidec 5.38 -1.06 -16.5% -26.5% -51.8% 59.2
SNHK Sunhawk.com 12.00 -2.50 -17.2% -27.0% N/A 36.1
NEOF Neoforma.com 2.38 -0.50 -17.4% -56.8% N/A 301.3
DGIN Digital Insight 28.88 -6.13 -17.5% 17.3% -14.5% 834.3
WEBM webMethods 84.88 -20.13 -19.2% -13.4% N/A 3,950.4
CYSV Cysive 5.75 -1.38 -19.3% -24.0% -82.8% 160.9
PCOR pcOrder.com 3.38 -0.88 -20.6% -39.3% -92.9% 57.0
BBSW Broadbase 10.38 -2.75 -21.0% -48.6% -80.1% 493.0
USIT U.S. Interactive 1.56 -0.44 -21.9% -71.3%
-96.1% 40.6
DRIV Digital River 4.63 -1.31 -22.1% -23.3% -85.1% 101.3
QSFT Quest Software 49.38 -14.56 -22.8% -13.9% 4.2% 4,232.2
FAIM FairMarket 2.19 -0.69 -23.9% -43.5% N/A 61.9
ITRA Intraware 5.56 -1.75 -23.9% -43.3% -92.5% 145.9
BTBC b2bstores.com 1.44 -0.47 -24.6% -8.9% N/A 12.4
TANN Tanning Tech. 8.28 -2.72 -24.7% -50.6% -84.9% 174.3
FIRE FirePond 9.00 -3.06 -25.4% -48.6% N/A 320.0
PFSW PFSweb 1.44 -0.50 -25.8% -50.0% -95.9% 25.7
PPRO PurchasePro.com 61.94 -22.88 -27.0% 2.2% -51.5% 1,994.3
ONVI Onvia.com 3.00 -1.13 -27.3% -47.3% N/A 242.2
ROWE Rowecom 2.81 -1.16 -29.1% -48.0% -93.3% 34.9
OMKT Open Market 3.00 -1.25 -29.4% -62.2% -92.8% 139.8
IMPV ImproveNet 1.06 -0.56 -34.6% -58.0% N/A 17.8
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E-commerce Enablers Ave. -11.5%
Automobile research and shopping site Autobytel.com posts another
strong week after hitting a new low of $4.06 on Sept. 26, grabbing
the No. 2 slot among all ‘Net tickers. But shares began drifting back
down after General Motors announced it would set up a Web site to
sell non-GM vehicles. Since announcing a Baltimore bank would use
its software for Web-based retail banking, Corillian has managed
a slight monthly gain. Home improvement Internet site ImproveNet
says Q3 net loss will be less than expected, but that revenues will
fall short of projections.
SECURITY
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
RSAS RSA Security 49.44 9.94 25.2% 0.9% -31.3% 1,974.2
AXNT AXENT 22.56 1.50 7.1% -3.0% 15.7% 652.8
ISSX Internet Security 71.00 0.38 0.5% -15.5% 7.5% 2,978.4
CHKP Check Point 147.75 -6.50 -4.2% -2.7% 220.2% 22,680.2
VONE V-ONE 1.50 -0.13 -7.7% -48.4% -72.5% 33.2
LTNX Litronic 4.00 -0.38 -8.6% -15.8% -46.2% 39.5
PILT Pilot Network 8.19 -1.44 -14.9% -33.8% -63.3% 123.5
NSSI Network-1 4.13 -0.88 -17.5% -34.0% -58.9% 25.8
WGRD WatchGuard 39.94 -10.06 -20.1% -14.9% 42.2% 962.1
NETE Netegrity 51.75 -13.19 -20.3% -9.7% 46.8% 1,525.0
ENTU Entrust 22.63 -6.50 -22.3% -19.6% -59.4% 1,413.1
CYLK Cylink 7.31 -2.69 -26.9% -41.5% -41.7% 225.5
VLCT ValiCert 14.63 -5.63 -27.8% -22.5% N/A 323.9
ITRU InterTrust 5.38 -5.63 -51.1% -68.1% -90.2% 463.2
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Security Ave. -13.5%
RSA Security leads all ‘Net stocks this week, gaining 25.2% after
bouncing off its lowest closing price of the year on Oct. 4 and
announcing, on the same day, that Q3 results would beat street
estimates for earnings and revenue. RSA, which makes authentication,
encryption and digital certificate management software, also said
it would repurchase up to 4 million shares of its common stock over
the next 12 months. Earnings warning by strategic partner Pitney-Bowes
helps make digital rights management technology vendor InterTrust
the week’s second-biggest loser among ‘Nets.
PERFORMANCE SOFTWARE
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VIGN Vignette 27.06 4.25 18.6% -25.7% -46.4% 6,269.1
CWLD CrossWorlds 15.25 1.38 9.9% -41.9% N/A 395.6
WBSN Websense 23.38 1.75 8.1% 19.9% N/A 456.4
VMDC VantageMed 1.56 0.06 4.2% -3.8%
N/A 13.4
SSSW SilverStream 26.00 0.25 1.0% -19.4% -76.5% 532.6
GTHR GetThere 17.69 0.00 0.0% 0.4% -52.7% 621.1
TIBX Tibco Software 68.63 -1.00 -1.4% -23.6% 44.9% 13,027.3
OTEX Open Text 18.13 -0.69 -3.7% -24.1% 8.4% 366.7
DGV Digital Lava 4.94 -0.19 -4.0% -15.9% -24.0% 35.5
WAVO WAVO 0.59 -0.03 -5.0% -29.6% -83.5% 26.3
OTGS OTG Software 38.63 -2.38 -5.8% 20.0% N/A 995.2
NTGX net.Genesis 8.00 -0.56 -6.6% 0.8% N/A 169.2
EMBT Embarcadero 44.00 -3.75 -7.9% 5.1% N/A 1,159.1
NTOP Net2Phone 21.81 -1.88 -7.9% -24.8% -48.9% 1,209.5
COBT Cobalt Networks 50.06 -4.63 -8.5% 8.7% -50.3% 1,479.9
RWAV Rogue Wave 4.52 -0.48 -9.7% -23.1% -39.2% 49.2
VOCL VocalTec 8.83 -1.08 -10.9% -41.1% -43.2% 106.9
PRSF Portal Software 30.94 -4.25 -12.1% -32.8% -35.2% 5,033.6
ALLR Allaire 6.41 -0.94 -12.8% -70.4% -90.6% 174.6
LBRT Liberate 22.31 -3.38 -13.1% -32.3% -81.3% 2,293.9
LOUD Loudeye 4.63 -0.75 -14.0% -51.0% N/A 171.2
BLUE Blue Martini 30.00 -4.88 -14.0% -37.5% N/A 2,068.7
NSPK NetSpeak 7.13 -1.19 -14.3% -40.3% -63.9% 101.1
MONE MatrixOne 29.00 -5.00 -14.7% -26.8% N/A 1,235.4
SABA Saba Software 22.00 -3.95 -15.2% -22.1% N/A 962.7
AVSR Avistar 5.50 -1.00 -15.4% -48.2% N/A 138.7
CTRA Centra Software 5.13 -0.94 -15.5% -34.4% N/A 123.9
BLSW Bluestone 14.75 -2.94 -16.6% -22.9% -86.2% 306.4
TMNT Telemate.Net 1.56 -0.31 -16.7% -34.2% -89.6% 12.3
PKSI Primus Knowledge 5.50 -1.13 -17.0% -78.4% -86.9% 98.5
RHAT Red Hat 12.69 -2.63 -17.1% -47.4% -87.1% 1,991.9
SWCM Software.com 146.81 -31.19 -17.5% 5.0% 64.7% 7,194.0
VATA Versata 20.13 -4.38 -17.9% -26.1% N/A 816.4
RDWR Radware 22.13 -4.88 -18.1% -29.6% -44.8% 350.8
DTEC Delano Tech. 11.81 -2.81 -19.2% -5.5% N/A 356.1
EVLV Evolve Software 18.13 -4.75 -20.8% -27.1% N/A 662.6
CLRN Clarent 28.81 -7.81 -21.3% -36.5% -60.1% 960.4
SQSW Sequoia Software 4.75 -1.31 -21.6% -53.4% N/A 145.9
IPIX Internet Picture 4.41 -1.22 -21.7% -48.2% -71.4% 265.9
SONE S1 Corp. 8.06 -2.44 -23.2% -51.9% -88.9% 445.1
MNDO Mind C.T.I. 8.88 -2.81 -24.1% -19.3% N/A 178.5
SPRT Support.com 20.38 -6.63 -24.5% -30.6% N/A 685.1
SVCW ServiceWare 5.38 -1.75 -24.6% -30.6% N/A 126.5
SGNT Sagent Tech. 5.63 -2.00 -26.2% -38.4% -79.8% 160.7
IWOV Interwoven 79.31 -29.56 -27.2% -8.7% 40.4% 3,916.3
EXTN Extensity 13.19 -4.94 -27.2% -43.0% N/A 314.6
BWEB BackWeb 7.25 -2.81 -28.0% -56.6% -81.5% 272.2
WEBT WebTrends 19.88 -8.31 -29.5% -51.3% -47.2% 520.6
EPRS Eprise 5.06 -2.13 -29.6% -69.0% N/A 127.3
NESY NEON Systems 7.31 -3.31 -31.2% -45.3% -79.9% 69.0
FVCX FVC.com 3.00 -1.38 -31.4% -55.1% -72.4% 51.8
RNWK RealNetworks 25.00 -11.81 -32.1% -47.8% -55.3% 3,907.5
IMAN iManage 3.94 -2.13 -35.1% -64.2% -86.8% 91.6
PASW PASW 1.25 -0.69 -35.5% -60.0% -76.3% 5.6
VIAD Viador 4.00 -2.25 -36.0% -58.2% -89.8% 71.2
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Performance Software Ave. -15.7%
E-business software company Vignette regains most of the ground it
lost from a steep slide that began in mid-September. VIGN climbed
nearly 40% on Monday alone after announcing many of the sites its
software powers were among the be
st-performing on the Web according
to three recent surveys. Enterprise portal technology provider Viador
loses its CFO, but gets a new president and CEO, Jonathan Harding,
who replaces founder Stan Wang, who will stay on as chairman. VIAD
also got something else: A downgrading to “neutral” from “strong buy”
from USB Piper Jaffray. That’s quite a downgrading, if you ask me.
INTERNET SERVICES
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ACRU Accrue Software 7.55 0.67 9.8% -62.6% -85.0% 220.7
WEBX WebEx 36.63 0.88 2.4% -17.8% N/A 1,323.1
CONV Convergent 2.78 -0.03 -1.1% -27.1% -81.1% 82.3
CLKS click2learn.com 14.69 -0.19 -1.3% 3.5% 42.2% 247.7
EGAN eGain 7.88 -0.13 -1.6% -29.2% -77.5% 281.2
HHNT HeadHunter.NET 5.75 -0.13 -2.1% -4.2% -50.7% 106.9
CAVN Cavion 2.31 -0.06 -2.6% -48.6% -67.9% 11.5
DIGX Digex 37.63 -1.88 -4.7% -41.2% -41.1% 2,390.1
CHRD Chordiant 6.72 -0.41 -5.7% -39.6% N/A 247.3
NETZ Netzee 3.77 -0.23 -5.9% -17.5% -75.6% 82.9
KEYN Keynote Systems 20.88 -1.38 -6.2% -24.4% -69.5% 577.8
SKIL SkillSoft 17.25 -1.38 -7.4% -13.8% N/A 228.6
IBAS iBasis 11.38 -0.94 -7.6% -44.3% -57.4% 387.7
LIOX Lionbridge 7.81 -0.69 -8.1% -3.1% -53.9% 213.4
SRCH US SEARCH.com 0.91 -0.09 -9.4% -48.2% -87.0% 16.5
DRTN Data Return 15.25 -1.75 -10.3% -34.1% -69.3% 542.2
WQNI WorldQuest 4.06 -0.50 -11.0% -9.7% N/A 25.9
ECRU E-Cruiter.com 3.00 -0.38 -11.1% -20.0% -54.7% 23.1
FUSN Fusion Networks 1.00 -0.13 -11.1% -27.3% N/A 37.0
MAIL Mail.com 4.00 -0.50 -11.1% -38.8% -77.0% 239.0
VCNT Vicinity 9.31 -1.44 -13.4% -17.7% N/A 261.5
LPSN LivePerson 1.94 -0.31 -13.9% -72.6% N/A 57.1
VRSN VeriSign 157.63 -25.94 -14.1% -8.9% -11.1% 30,651.0
CPTH Critical Path 49.38 -8.63 -14.9% -24.2% -43.7% 3,154.0
EGRT Egreetings 0.69 -0.13 -15.4% -47.6% -92.7% 24.3
WNET WHEREVER.net 1.69 -0.31 -15.6% -44.9% N/A 41.7
EXDS Exodus 37.50 -7.50 -16.7% -38.8% -9.1% 15,626.5
SAPE Sapient 29.94 -6.69 -18.3% -37.0% -54.3% 3,553.4
RCOM Register.com 7.25 -1.63 -18.3% -20.0% N/A 231.9
HLTH WebMD 9.69 -2.38 -19.7% -35.4% -72.2% 2,122.3
INIT Interliant 5.03 -1.31 -20.7% -51.8% -79.2% 240.7
EVOK Evoke 4.50 -1.19 -20.9% -43.8% N/A 210.6
STMP Stamps.com 2.94 -0.78 -21.0% -53.9% -92.4% 144.3
ITXC ITXC 9.88 -2.94 -22.9% -46.4% -68.4% 380.5
KANA Kana 15.00 -4.50 -23.1% -54.2% -84.2% 1,399.6
IPRT iPrint.com 2.25 -0.75 -25.0% -30.8% N/A 67.4
HOTJ HotJobs.com 12.88 -4.38 -25.4% -31.8% -68.3% 465.3
SVVS Savvis 5.94 -2.06 -25.8% -40.6% N/A 552.0
MDLI MedicaLogic 3.00 -1.06 -26.2% -45.5% -84.6% 165.7
CRFH Crayfish Co. 1.75 -0.63 -26.3% -67.1% N/A 89.0
LFMN Lifeminders 13.13 -4.88 -27.1% -44.6% -75.5% 313.0
CRIO Corio 4.56 -1.88 -29.1% -55.5% N/A 221.2
CTCH CommTouch 13.38 -5.56 -29.4% -30.7% -70.3% 204.1
NTWO N2H2 1.63 -0.75 -31.6% -48.0% -92.6% 36.5
USIX USinternetworking 3.41 -1.72 -33.5% -54.6% -92.1% 329.9
CLAI Claimsnet.com 2.19 -1.25 -36.4% -41.7% -76.4% 20.1
ILND Interland 5.00 -3.56 -41.6% -26.3% N/A 233.5
EQIX Equinix 4.13 -3.00 -42.1% -67.0% N/A 304.3
NAVI Na
viSite 13.00 -11.44 -46.8% -68.8% -72.0% 734.8
MRBA Marimba 5.88 -5.94 -50.3% -61.5% -86.3% 137.7
BWAY Breakaway Sol. 2.81 -4.69 -62.5% -80.9% -91.7% 126.6
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Internet Services Ave. -18.3%
Five companies in this sector – count ’em, five – make the list of
10 biggest losers this week. Breakaway Solutions, an application
services provider, almost falls off the face of the earth after a
Q3 earnings warning. BWAY cited delayed or canceled projects and a
general lack of dot.com business. I wonder why. Another application
services player, Marimba, gets the same treatment for the same
reason. Accrue Software takes the top slot by bouncing off an all-time
low close of $6.88 on Oct. 4, but by Thursday was already below that,
closing at $6.38. So even the gainers are down.
ADVERTISING/MARKETING
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
LNTY L90 7.94 0.38 5.0% 0.4% N/A 177.5
BFRE Be Free 3.75 -0.19 -4.8% -27.7% -88.8% 244.5
APLN @Plan.Inc 8.13 -0.56 -6.5% 38.3% -11.4% 91.9
PRME Prime Response 3.13 -0.38 -10.7% -44.4% N/A 64.6
MYPT MyPoints.com 5.47 -0.72 -11.6% -53.5% -92.0% 160.7
AVEA Avenue A 4.25 -0.56 -11.7% -45.2% N/A 246.8
CSAV coolsavings.com 2.19 -0.38 -14.6% -16.6% N/A 85.5
CBLT Cobalt Group 2.88 -0.50 -14.8% -30.8% -67.0% 50.8
HPOL Harris Interact. 3.91 -0.72 -15.5% -15.5% -67.8% 133.6
NTRT NetRatings 16.13 -3.00 -15.7% -2.3% -63.9% 523.8
VCLK ValueClick 5.25 -1.16 -18.0% -49.4% N/A 147.0
DCLK DoubleClick 21.19 -4.88 -18.7% -44.2% -82.0% 2,599.8
NTCR NetCreations 8.50 -2.00 -19.0% -24.4% -79.2% 131.7
DIGI Digital Impact 4.88 -1.25 -20.4% -39.1% -89.5% 120.9
MPLX Mediaplex 2.97 -0.78 -20.8% -69.5% -94.9% 99.9
FSHP FreeShop.com 2.59 -0.84 -24.5% -39.0% -94.2% 40.7
ENGA Engage 5.88 -1.94 -24.8% -39.9% -78.9% 1,056.4
NCNT Netcentives 8.06 -3.00 -27.1% -12.8% -86.1% 343.6
TFSM 24/7 Media 5.13 -3.59 -41.2% -60.6% -90.2% 182.4
----------------------------------------------------------------------
Advertising/Marketing Ave. -14.4%
Like a wall clock’s second hand that’s stuck in place, L90 has spent
the past two weeks ticking forward, then back, forward, then back:
7.56, 7.93, 7.75, 7.81, 7.75. It ends the week on a slight uptick.
Like a wall clock that fell to the floor and smashed into pieces,
24/7 Media drops more than 41% this week on no news other than shares
continue to probe new lows.
CONSULTANTS/DESIGNERS
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close Change %Change %Change Cap
LNTE Lante 4.13 0.50 13.8% -41.6% N/A 163.0
CVGP Convergent Group 4.84 0.50 11.5% 7.6% N/A 210.3
MMPT Modem Media 5.00 0.19 3.9% -29.8% -84.7% 122.5
GENI GenesisIntermedia 15.31 -0.44 -2.8% 2.1% 183.7% 99.0
MSPR Mainspring 6.13 -0.22 -3.4% -37.2% N/A 115.2
PECS PEC Solutions 5.25 -0.31 -5.6% -10.6% N/A 116.9
VIAN Viant 5.19 -0.34 -6.2% -36.9% -88.7% 248.8
XPDR Xpedior 2.88 -0.25 -8.0% -41.0% -89.2% 145.3
PRFT Perficient 14.00 -2.25 -13.8% 19.1% 18.2% 85.0
MRCH marchFIRST 11.25 -2.00 -15.1% -41.6% -77.4% 1,689.9
DTAS Digitas 13.13 -3.06 -18.9% -23.4% N/A 755.2
ACOM AGENCY.COM 10.56
-2.56 -19.5% -50.0% -77.7% 376.1
INFT Inforte 26.88 -8.75 -24.6% -28.2% N/A 333.3
PXCM Proxicom 12.44 -4.13 -24.9% -41.3% -78.5% 701.8
IIXL iXL Enterprises 3.00 -1.06 -26.2% -36.8% -94.2% 227.1
OGNC Organic 3.00 -1.25 -29.4% -40.0% N/A 263.9
IISX Integrated Info. 3.44 -1.44 -29.5% -46.1% N/A 70.4
LUMT Luminant 2.00 -1.00 -33.3% -71.7% -95.3% 54.2
SCNT Scient 11.63 -6.81 -36.9% -58.8% -85.5% 851.5
RAZF Razorfish 4.56 -5.25 -53.5% -62.8% -89.7% 433.5
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Consultants/Designers Ave. -16.1%
Razorfish is this sector’s leading Q3 earnings warning victim this
week. Lante also issues a Q3 warning, but after falling on Oct. 4,
shares struggle back slightly, hence LNTE’s perch atop this group.
Ten of the 12 stocks in the sector that have been trading since
Dec. 31 are down more than 77% for the year. GenesisIntermedia.com
is a freak of nature.
SPEED/BANDWIDTH
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
IBEM iBEAM 6.94 0.75 12.1% -27.9% N/A 751.5
CAIS CAIS Internet 5.38 0.47 9.6% -23.2% -83.7% 124.2
TERN Terayon 36.06 2.81 8.5% -14.9% 23.6% 2,240.6
RSNT Resonate 40.50 1.31 3.3% 20.4% N/A 1,091.9
AKAM Akamai 45.56 0.06 0.1% -28.0% -85.0% 4,847.5
JNPR Juniper Networks 206.00 -1.97 -0.9% 3.7% 291.4% 64,963.5
AVCI Avici Systems 78.81 -1.70 -2.1% -22.4% N/A 3,783.9
FFIV F5 Networks 30.81 -2.38 -7.2% -30.0% -70.9% 662.9
SONS Sonus Networks 41.75 -3.42 -7.6% -4.6% N/A 7,642.0
COVD Covad 9.50 -0.81 -7.9% -45.9% -72.6% 1,470.9
RAMP Ramp Networks 1.81 -0.19 -9.4% -66.7% -87.2% 39.3
CFLO CacheFlow 108.13 -13.63 -11.2% -6.1% -10.9% 4,282.1
BRCM Broadcom 211.56 -30.38 -12.6% -3.2% 67.3% 46,974.7
CSCO Cisco Systems 51.19 -7.38 -12.6% -16.5% 2.9% 360,462.0
RDWR Radware 22.13 -4.88 -18.1% -29.6% -44.8% 350.8
HSAC High Speed Access 2.88 -0.75 -20.7% -43.6% -82.4% 160.1
NENG Network Engines 34.56 -9.44 -21.4% 2.0% N/A 1,181.0
PKTR Packeteer 25.06 -6.88 -21.5% -43.0% -62.0% 681.9
WGAT WorldGate 18.95 -6.05 -24.2% -14.8% -57.1% 410.7
ATHM At Home 9.19 -3.06 -25.0% -43.2% -76.9% 3,695.9
INAP InterNAP 17.00 -5.75 -25.3% -46.9% -78.8% 2,470.3
TUTS Tut Systems 49.69 -18.56 -27.2% -41.5% -0.2% 776.2
INKT Inktomi 78.31 -30.63 -28.1% -28.0% -5.0% 8,929.6
SCMR Sycamore 72.69 -31.31 -30.1% -35.5% -23.8% 17,794.9
COSN CoSine 28.44 -15.16 -34.8% N/A N/A 2,847.4
----------------------------------------------------------------------
Speed/Bandwidth Ave. -12.6%
Streaming media network provider iBEAM Broadcasting gets a boost from
completion of its buyout of NextVenue, which provides streaming media
services to investment banks and corporations, but by Thursday had
lost most of those modest gains. CoSine Communications goes public
on Sept. 26, posting an impressive 174% gain in its debut. Then COSN
got right into the spirit of things, quickly zeroing in on its $23
per share offer price.
ISPs/ACCESS PROVIDERS
10/11 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
RMII RMI.Net 1.25 0.00 0.0% -41.2% -83.8% 27.4
IAWK Iasiaworks 8.88 -0.13 -1.4% -20.7% N/A 348.7
HAN
A Hanaro Telecom 4.19 -0.06 -1.5% -11.8% N/A 1,105.5
IZAP ZapME! 1.91 -0.06 -3.2% 5.1% -76.2% 86.1
GIGM GigaMedia 7.50 -0.47 -5.9% -28.1% N/A 366.2
PRGY Prodigy 5.28 -0.50 -8.6% -32.9% -70.7% 368.9
DSLN DSL.net 2.88 -0.31 -9.8% -32.8% -78.6% 189.4
IDTC IDT Corp. 35.00 -3.94 -10.1% -11.7% 99.7% 1,290.6
ELNK EarthLink 7.19 -0.84 -10.5% -33.5% -81.8% 898.0
NZRO NetZero 2.19 -0.28 -11.4% -44.4% -91.3% 267.7
DDDC Deltathree.com 3.63 -0.47 -11.5% -43.4% -84.8% 104.5
QSCG QS Comm. 13.88 -1.88 -11.9% -26.5% N/A 707.3
FREE Freeserve 29.00 -3.94 -12.0% -31.0% -66.1% 2,906.6
PNVN PNV 0.84 -0.12 -12.9% -38.6% -88.9% 13.5
IIJI Internet/Japan 35.31 -6.81 -16.2% -7.5% -60.9% 1,587.7
LOAX Log On America 2.56 -0.50 -16.3% -18.0% -86.4% 22.5
VNWI VIA NET.WORKS 7.13 -1.50 -17.4% -36.7% N/A 425.2
ATHY AppliedTheory 5.00 -1.13 -18.4% -29.2% -80.6% 124.1
NPLI Netpliance 1.50 -0.38 -20.0% -62.5% N/A 90.6
ZIPL Ziplink 2.56 -0.66 -20.4% -54.4% -77.9% 33.3
PSIX PSINet 6.28 -1.62 -20.6% -60.4% -78.1% 1,193.9
JWEB Juno Online 2.53 -0.72 -22.1% -57.4% -92.3% 98.4
FSST FASTNET 1.50 -0.44 -22.6% -40.0% N/A 22.5
TLCT Telocity Delaware 2.13 -0.63 -22.7% -50.7% N/A 180.3
GEEK Internet America 1.63 -0.50 -23.5% -57.4% -85.2% 15.8
KOREA Korea Thrunet 3.72 -1.28 -25.6% -51.6% -94.1% 267.6
ISLD Digital Island 14.06 -4.88 -25.7% -45.9% -84.1% 979.9
PCNTF Pacific Internet 6.38 -2.38 -27.1% -54.1% -85.4% 80.6
IGLD Internet Gold 3.63 -1.75 -32.6% -37.0% -82.5% 66.8
TRRA Terra Networks 21.38 -11.88 -35.7% -43.1% -58.0% 5,888.8
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ISP/Access Provider Ave. -15.9%
Another sector led by a zero-gainer. Spanish ISP Terra Networks gets
a hefty 1.8% boost on news that CMGI has decided to support TRRA’s
merger with U.S. portal Lycos. Unfortunately, Terra shares tumble
every other day of the week. Hey, I just noticed the bottom of this
list has a heavy international flavor. There’s Internet Gold, which
saw Lehman Bros. reduce revenue forecasts for the Israel-based ISP;
Pacific Internet Limited, setting new lows every day; global player
Digital Island and Korea Thrunet, down 94% for the year.
