Downward Drift Continues

This must be what it’s like to play on a cellar-dwelling baseball team in the dog days of August. Week after week brings yet more frustration, more setbacks, more mind-numbing, soul-deadening disappointment. Yet you trudge on, because that is all you can do.

Am I glad I have another vacation coming up.

It was a down week for almost all ‘Net sectors, with only Speed/Bandwidth showing a tiny sliver of a gain. This marks the second straight stay at the top for the infrastructure group, and its second consecutive weekly advance – pretty impressive considering the monthlong losing streak gripping Internet stocks as a whole.

How bad has it been? In the past four weeks, the 13 sectors have put together a paltry five gains. Which, if you’re not keeping score, leaves 47 losses. And just like that forlorn baseball team, the misery won’t end for Internet investors until sometime after Labor Day.

NOTE: I’m going off to cower in my bunker again, so StockTracker Daily will not publish next week. See you on Monday, Aug. 28.

PERFORMANCE BY SECTOR
                          Ave. 7-Day
                           % Change

Speed/Bandwidth               0.4%
Financial Services           -0.4%
Search/Portals               -0.4%
Internet Services            -0.5%
Content/Communities          -1.3%
Advertising/Marketing        -1.6%
E-commerce Enablers          -1.7%
Consultants/Designers        -2.5%
Wireless                     -2.8%
ISPs/Access Providers        -4.4%   
Performance Software         -6.1% 
Security                     -7.4%
E-tailers                    -8.4%
 
TOP 10 GAINERS             7-Day % Gain         Category

CLRN   Clarent                 64.3%         Performance Software
SABA   Saba Software           50.0%         E-commerce Enablers
HGAT   HealthGate              40.0%         Content/Communities
PCOR   pcOrder.com             30.7%         E-commerce Enablers
GIGM   GigaMedia               30.4%         ISPs/Access Providers
CFLO   CacheFlow               28.6%         Speed/Bandwidth
FASH   Fashionmall.com         27.4%         E-tailers
AMZN   Amazon.com              25.1%         E-tailers
LINE   onlinetrading.com       25.0%         Financial Services
RHAT   Red Hat                 24.3%         Performance Software

TOP 10 LOSERS              7-Day % Loss          Category
 
LOAX   Log On America         -44.0%         ISPs/Access Providers
IPET   Pets.com               -38.2%         E-tailers
ADBL   Audible                -33.9%         E-tailers
IMNY   I-Many                 -33.5%         E-commerce Enablers
PLRX   PlanetRx.com           -30.4%         E-tailers
EVOK   Evoke Communications   -26.8%         Internet Services
CYSV   Cysive                 -26.5%         E-commerce Enablers
ALOY   Alloy Online           -26.2%         E-tailers
QUOT   Quotesmith.com         -25.6%         E-commerce Enablers
HITS   Musicmaker.com         -25.0%         E-tailers
 
********************************************************************

                             WIRELESS PRODUCTS/SERVICES

                       8/16    7-Day   7-Day  1-Month   YTD   Market
      Company         $Close  $Change %Change %Change          Cap
                     
SVNX  724 Solutions    35.63    5.81   19.5%  -18.6%    N/A     1.3B
HAND  Handspring       41.00    5.69   16.1%    5.1%    N/A     5.1B
PRTH  Parthus Tech.    30.00    2.00    7.1%  -10.3%    N/A     1.5B
GOAM  GoAmerica         9.00    0.25    2.9%  -35.4%    N/A   462.4
GWRX  Geoworks         11.63   -0.13   -1.1%  -24.7%  -31.1%  216.4
MCOM  Metricom         33.13   -1.06   -3.1%   11.6%  -58.2%    1.0B
AETH  Aether Systems  129.50   -6.50   -4.8%  -22.5%   79.5%    5.0B
IIIM  i3 Mobile         8.50   -0.50   -5.6%  -46.5%    N/A   193.0
PHCM  Phone.com        84.94   -6.19   -6.8%    0.3%  -27.3%    6.7B
PALM  Palm             33.75   -3.88  -10.3%   -3.2%    N

/A    19.1B
PUMA  Puma Technology  17.13   -2.06  -10.7%  -29.1%  -74.0%  718.0
IWAV  interWAVE        10.88   -1.63  -13.0%  -39.4%    N/A   506.4
INSP  InfoSpace        26.88   -4.50  -14.3%  -44.3%  -50.1%    6.3B
VYYO  Vyyo             22.38   -3.88  -14.8%  -37.8%    N/A   796.8
-------------------------------------------------------------------
      Wireless Ave.                    -2.8%         

Judging by the logjam of N/A’s in the top four slots, this week clearly belongs to the newer wireless stocks. First, though, to the middle of the pack, where Aether Systems continues its fall from the top ranks of year-to-date gainers. The leading Internet stock at the end of June with a 186% YTD rise, AETH is down 38% since closing at $210.38 on June 21, and now ranks seventh among ‘Net tickers for the year. It may lead the group this week, but 724 Solutions, a maker of infrastructure software for banks, is down 50% from its Jan. 28 first-day close of $71.81. Since dipping below $30 on Aug. 2, shares of wireless handheld device maker
Handspring have climbed nearly 40%.

                                   SEARCH/PORTALS

                       8/16   7-Day   7-Day  1-Month   YTD   Market
       Company        $Close $Change %Change %Change          Cap
                     
GOTO   GoTo.com        15.75   1.19    8.2%  -16.0%  -73.4%  822.0
LCOS   Lycos           61.06   3.94    6.9%   15.3%  -23.8%    6.7B
BOUT   About.com       30.75   1.61    5.5%    8.9%  -66.0%  545.0
AOL    America Online  55.50   2.88    5.5%   -7.6%  -27.7%  127.5B
DIG    Disney-Internet 13.19   0.56    4.5%   19.2%  -44.9%  596.6
CHINA  Chinadotcom     16.75   0.50    3.1%  -16.3%  -57.7%    1.5B
YHOO   Yahoo!         134.00   1.31    1.0%    N/A   -38.5%   73.6B
ASKJ   Ask Jeeves      18.19  -0.75   -4.0%   -4.9%  -84.0%  647.9
SOHU   Sohu.com         5.38  -0.31   -5.5%  -41.1%    N/A   167.8
LOOK   LookSmart       16.00  -0.94   -5.5%  -29.7%  -41.2%    1.4B
SINA   SINA.com        17.00  -1.69   -9.0%  -36.0%    N/A   691.7
STRM   StarMedia       11.13  -2.00  -15.2%  -38.4%  -72.4%  724.3
-------------------------------------------------------------------
       Search/Portals Ave.            -0.4%         

Ignore whatever GoTo.com did this week; shares have been flatlining around $15 since late May. Lycos only gets a 5.4% boost from its quarterly and fiscal year report released Tuesday showing net profits ($13 million and $21 million, respectively) and exceeding Street estimates. LCOS is down nearly 24% for the year, which makes it the top YTD stock in this sector. Another week, another beating for the international portals. Almost every day brings a new low for Latin American portal StarMedia Network, which fell even further on
Thursday, closing at $10.13. Single digits, here we come. Top performer for the month here is newly renamed Walt Disney Internet Group.

                               CONTENT/COMMUNITIES 

                        8/19   7-Day   7-Day   1-Month   YTD   Market
       Company         $Close $Change %Change  %Change          Cap 

HGAT   HealthGate        1.75   0.50   40.0%    -5.1%    N/A    31.2
TSCM   TheStreet.com     7.00   0.88   14.3%     3.7%  -63.8%  177.6
DTHK   DigitalThink     43.25   3.88    9.8%   -20.5%    N/A     1.5B
HOOV   Hoover's          7.31   0.63    9.3%    -8.6%  -17.0%   95.0
TCTY   Talk City         1.47   0.09    6.8%   -27.7%  -94.4%   36.7
CNET   CNET Networks    27.50   1.31    5.0%    -7.4%  -51.9%    2.4B
INTM   internet.com     21.75   0.94    4.5%    -9.4%  -58.7%  545.8
ZDZ    ZDNet            15.69   0.60    4.0%    -7.0%  -25.8%    1.2B
IVIL   iVillage          6.69   0.25    3.9%   -12.3%  -67.2%  198.5
LAUN   Launch Media      6.25   0.13    2.0%   -31.5%  -67.2%   84.7
SALN   Salon.com         2.03   0.03    1.6%    54.7%  -59.7%   28.1
HOMS   Homestore.com    36.00   0.50    1.4%    17.1%  -51.9

%    3.0B
VDAT   Visual Data       2.78   0.03    1.1%   -28.2%  -76.0%   23.6
IASIA  Asiacontent.com   2.97   0.03    1.1%    -1.0%    N/A   101.9
ONES   OneSource        10.56   0.06    0.6%   -10.1%  -22.0%  122.4
CBDR   CareerBuilder     7.94   0.03    0.4%     1.6%   22.4%  189.0
EWBX   EarthWeb         14.13   0.00    0.0%   -14.4%  -72.1%  147.0
IMPV   ImproveNet        1.75   0.00    0.0%   -16.4%    N/A    29.3
ILIF   ilife.com         1.50   0.00    0.0%    41.1%  -66.9%   20.3
PASA   quepasa.com       0.94   0.00    0.0%   -34.8%  -92.7%   17.7
STAD   Student Advantage 8.97  -0.03   -0.3%     3.2%  -59.9%  320.7
SWBD   Switchboard       7.75  -0.09   -1.2%   -10.8%    N/A   191.0
KOOP   drkoop.com        0.80  -0.02   -1.9%   -25.0%  -93.3%   27.7
MPPP   MP3.com           8.06  -0.19   -2.3%   -32.8%  -74.7%  549.7
HSTM   HealthStream      2.50  -0.06   -2.4%   -50.0%    N/A    48.7
QKKA   Quokka Sports     6.56  -0.19   -2.8%   -26.6%  -50.4%  292.2
VERT   VerticalNet      42.75  -1.38   -3.1%   -15.9%  -48.2%    3.7B
NETR   NetRadio          1.81  -0.06   -3.3%   -34.1%  -78.2%   18.1
KNOT   Knot              3.56  -0.13   -3.4%   -23.0%  -58.1%   52.0
LOIS   Loislaw.com       8.13  -0.34   -4.1%   -12.2%  -79.4%  170.5
SNOW   Snowball.com      2.75  -0.13   -4.3%   -31.3%    N/A   103.3
EDGR   EDGAR Online      3.69  -0.19   -4.8%    -7.8%  -50.3%   45.9
HCEN   HealthCentral.com 3.03  -0.22   -6.7%     N/A   -58.8%  136.8
SPLN   SportsLine.com   17.00  -1.38   -7.5%     3.8%  -66.3%  448.3
TURF   iTurf             3.00  -0.25   -7.7%   -15.8%  -76.1%   63.4
MLTX   Multex.com       20.00  -2.13   -9.6%   -14.7%  -47.2%  607.8
WOMN   Women.com         3.44  -0.38   -9.8%   -31.7%  -76.0%  160.7
INFO   Infonautics       3.53  -0.50  -12.4%   -11.7%  -49.9%   43.0
GNET   Go2Net           48.06  -7.50  -13.5%    -4.6%  -45.1%    1.5B
TPN    TownPagesNet      1.75  -0.31  -15.0%    -3.5%  -66.1%   16.8
NBCI   NBC Internet      8.63  -1.81  -17.4%   -28.1%  -88.9%  539.3
ARTD   Artistdirect      2.66  -0.56  -17.5%   -23.4%    N/A    98.2
TGLO   theglobe.com      1.13  -0.28  -20.0%   -47.1%  -86.7%   34.9
MKTW   MarketWatch.com  11.38  -3.00  -20.9%   -48.3%  -69.1%  160.6
--------------------------------------------------------------------
       Content/Comm. Ave.              -1.3%         

Since reaching an all-time low of 94 cents per share on Aug. 3, HealthGate Data has bounced up 86%. Until the medical content provider can begin to cut losses, however, HGAT shares are going nowhere. Financial site TheStreet.com gets a $7.5 million investment from Paul Allen’s Vulcan Ventures and Go2Net. Given that TSCM lost $13.1 million in Q2, the new cash should last about seven weeks. Pardon me if I don’t go long. Like StarMedia, MarketWatch.com is headed below $10 per share. Does anyone remember when shares of theglobe.com, now selling at $1.13, set an IPO record with a 606% first-day gain? I didn’t think so.

   
                                E-TAILERS 

                         8/16   7-Day   7-Day  1-Month   YTD   Market
      Company           $Close $Change %Change %Change          Cap  
                     
FASH  fashionmall.com     2.47   0.53   27.4%   10.5%  -44.8%   18.5
AMZN  Amazon.com         38.63   7.75   25.1%   -5.5%  -49.6%   13.7B
VSHP  VitaminShoppe.com   1.25   0.19   17.6%  -23.1%  -86.4%   25.4
EFTD  FTD.COM             2.53   0.34   15.7%    6.6%  -52.1%  123.2
EBAY  eBay               57.50   7.56   15.1%    1.1%   -8.8%   15.4B
ETYS  eToys               4.41   0.38    9.3%  -22.5%  -83.3%  535.7
LMIN  Lastminute.com     12.75   1.00    8.5%  -15.4%    N/A   383.4
DSCM  Drugstore.com       6.38   0.47    7.9%   -9.7%  -82.5%  332.6
SQST  SciQuest.com        9.50   0.19    2.0%  -24.4%  -88.1%  275.5
COOL  Cyberian Outpost    4.06   0.06    1.6%  -17.7%  -59.4%  115.7
TMCS  Ticketmaster       22.94   0.19    0.8%   15.0%  -40.7

%    2.0B
CDNW  CDnow               2.91   0.00    0.0%    1.1%  -70.8%   95.3
ASFD  Ashford.com         2.94   0.00    0.0%  -24.2%  -73.5%  132.1
SFTY  eSAFETYWORLD        1.94   0.00    0.0%  -18.4%    N/A     5.8
ROOM  Hotel Reservations 31.88  -0.25   -0.8%   -4.5%    N/A     1.8B
EXPE  Expedia            15.88  -0.19   -1.2%  -19.1%  -55.0%  703.8
AMEN  Crosswalk.com       1.97  -0.03   -1.6%  -17.1%  -61.9%   15.2
PCLN  priceline.com      25.13  -0.50   -2.0%  -36.8%  -47.3%    4.2B
BUYX  BUY.COM             3.00  -0.06   -2.0%  -40.0%    N/A   394.8
TIXX  Tickets.com         2.06  -0.06   -2.9%  -38.9%  -85.7%  120.1
PPOD  Peapod              1.97  -0.06   -3.1%  -37.0%  -77.3%   35.3
FATB  Fatbrain.com        3.88  -0.13   -3.1%  -45.1%  -84.6%   50.4
EGGS  Egghead.com         2.19  -0.13   -5.4%  -21.3%  -86.6%   88.2
ESTM  E-Stamp             1.00  -0.06   -5.9%  -43.9%  -95.5%   39.2
CTIX  Cheap Tickets      10.69  -0.75   -6.6%  -23.0%  -22.5%  258.7
VSTY  Varsity Group       0.84  -0.06   -6.9%  -41.3%    N/A    13.3
EMUS  EMusic.com          1.63  -0.16   -8.8%    N/A   -84.3%   69.7
BNBN  Barnes&Noble.com    4.00  -0.50  -11.1%  -34.7%  -72.0%  583.4
HOMG  HomeGrocer.com      4.16  -0.53  -11.3%  -36.7%    N/A   532.2
AHWY  audiohighway.com    1.59  -0.22  -12.1%  -48.0%  -81.5%   10.2
BYND  Beyond.com          0.91  -0.12  -12.1%  -40.8%  -88.5%   34.5
EBKR  Ebookers.com        8.13  -1.13  -12.2%  -31.6%  -53.4%  138.3
SKDS  SmarterKids.com     1.22  -0.19  -13.3%  -45.8%  -83.3%   25.0
WBVN  Webvan Group        4.13  -0.64  -13.4%  -40.8%  -75.2%    1.4B
BFLY  Bluefly             2.13  -0.44  -17.1%  -39.3%  -79.5%   10.5
BGST  BigStar             0.59  -0.12  -17.4%  -45.7%  -92.4%    6.0
GDEN  Garden.com          2.00  -0.50  -20.0%   14.3%  -77.1%   35.2
INSW  InsWeb              1.25  -0.31  -20.0%  -41.2%  -95.1%   43.9
HITS  Musicmaker.com      0.75  -0.25  -25.0%  -52.0%  -87.3%   24.9
ALOY  Alloy Online        7.75  -2.75  -26.2%  -40.1%  -51.1%  136.6
PLRX  PlanetRx.com        0.50  -0.22  -30.4%  -50.0%  -96.6%   25.9
ADBL  Audible             1.28  -0.66  -33.9%  -63.4%  -91.5%   35.1
IPET  Pets.com            0.66  -0.41  -38.2%  -63.2%    N/A    19.4
---------------------------------------------------------------------
      E-tailers Ave.                    -8.4%         

Look at the market capitalization column on the far right. How many billion-dollar players do you see? A half-dozen out of 43. It could be 42 before you know it; Beyond.com has been threatened with a delisting by the Nasdaq. Shares need to get back to the $5 mark, something they haven’t done since March, and won’t do again.
fashionmall.com gets a 16% bump from a Q2 report showing drastically reduced losses. But FASH shares also are coming off an all-time low close of $1.88 on Monday. Shares of Pets.com are down 63.5% since announcing Q2 losses of $24.1 million, or 89 cents per share. That’s down considerably from Q1 losses of $39.1 million, or $2.54 per share. But revenue was up only 14.5% from the previous quarter.

                             FINANCIAL SERVICES 

                          8/16    7-Day   7-Day   1-Month   YTD   Market
      Company            $Close  $Change %Change  %Change          Cap

LINE  onlinetrading.com    5.31    1.06   25.0%     6.3%  -51.5%   61.0
WITC  Wit Soundview        8.75    0.75    9.4%   -14.6%  -48.9%  788.2
EELN  E-Loan               3.75    0.28    8.1%   -15.5%  -77.1%  158.0
AMTD  Ameritrade          14.56    0.94    6.9%    14.2%  -33.3%    2.5B
DIR   DLJdirect            7.25    0.31    4.5%     1.8%  -46.9%  744.2
CMGI  CMGI                37.44    0.75    2.0%   -13.2%  -73.1%   11.1B
EGRP  E*TRADE             15.69    0.25    1.6%   -11.6%  -40.4%    4.7B
DVIN  divine Interventures 6.97   -0.03   -0.4%   -23.6%    N/A   957.8
WEBS  Web Street           2.13   -0.09   -4.2%   -32.0%  -83.0%   54.6
ECMV  E

 Com Ventures       1.19   -0.06   -5.0%   -42.4%  -65.0%   11.6
NTBK  [email protected]            10.81   -0.63   -5.5%    -8.9%  -42.0%  324.1
MDCM  Mortgage.com         0.91   -0.09   -9.4%   -27.5%  -84.5%   40.1
TREE  LendingTree          6.25   -0.75  -10.7%   -33.3%    N/A   112.6
NXCD  NextCard             6.56   -0.94  -12.5%   -34.0%  -77.4%  346.6
ICGE  Internet Capital    29.25   -5.19  -15.1%   -27.2%  -82.9%    8.2B
------------------------------------------------------------------------
      Financial Services Ave.             -0.4%         

What’s the top-performing stock in this sector for the year? Ameritrade, which is down by a nice, round 33.3%. Meanwhile, three other companies (Mortgage.com, Web Street and Internet Capital Group) have lost more
than 80%, and another three (NextCard, E-Loan and CMGI) have fallen by more than 70%. ICGE last week reported a Q2 net loss of $186.9 million, or 70 cents per share, versus a loss of $11.2 million, or 6 cents, in the year-ago quarter.

                               E-COMMERCE ENABLERS
              
                          8/16   7-Day   7-Day  1-Month   YTD   Market
       Company          $ Close $Change %Change %Change           Cap 

SABA   Saba Software     38.81   12.94   50.0%   78.5%    N/A     1.7B
PCOR   pcOrder.com        6.25    1.47   30.7%  -20.6%  -87.8%  105.2
CYCH   CyberCash          4.88    0.94   23.8%   -8.2%  -47.7%  120.9
ITRA   Intraware          7.25    1.31   22.1%  -43.4%  -91.0%  190.2
CYBS   CyberSource        8.38    1.38   19.6%  -39.1%  -83.9%  217.8
ABTL   Autobytel.com      5.16    0.59   13.0%  -19.9%  -66.3%  104.2
BRNC   Braun Consulting  18.50    2.13   13.0%  -24.5%  -74.3%  372.2
WEBM   webMethods       105.50   10.88   11.5%  -37.2%    N/A     3.4B
INTW   InterWorld        20.00    2.00   11.1%  -10.1%  -76.7%  569.5
DGIN   Digital Insight   27.81    2.31    9.1%  -32.6%  -24.1%  745.4
EPAY   Bottomline        31.00    2.44    8.5%   13.2%  -14.5%  336.9
GSPT   Global Sports      8.00    0.63    8.5%    N/A   -36.8%  173.6
ROWE   Rowecom            4.38    0.31    7.7%  -30.0%  -90.4%   45.2
QSFT   Quest Software    55.69    3.25    6.2%   -3.8%   8.4%     4.8B
ITWO   i2 Technologies  146.56    7.31    5.3%   11.3%   49.3%   29.0B
ARTG   Art Technology    97.00    3.63    3.9%  -12.2%   50.3%    6.5B
FIRE   FirePond          16.94    0.50    3.0%  -39.5%    N/A   601.1
APNT   AppNet            38.63    1.13    3.0%  -11.2%  -12.3%    1.3B
CMRC   Commerce One      48.69    1.25    2.6%  -12.0%  -50.8%    7.9B
ASWX   Active Software   50.56    1.13    2.3%  -34.3%  -45.4%    1.3B
LQID   Liquid Audio       6.56    0.13    1.9%  -48.0%  -75.2%  144.8
ARBA   Ariba            137.44    2.13    1.6%    9.5%   53.9%   33.1B
CLIC   Calico Commerce    7.09    0.09    1.3%  -57.2%  -86.7%  248.1
DRIV   Digital River      5.56    0.06    1.1%  -33.6%  -83.4%  121.5
EPNY   E.piphany         98.00    0.00    0.0%  -19.3%  -56.4%    4.4B
IMPV   ImproveNet         1.75    0.00    0.0%  -16.4%    N/A    29.3
PRSW   Persistence       15.81   -0.06   -0.4%  -14.5%  -30.2%  308.5
BBSW   Broadbase         22.89   -0.23   -1.0%  -20.4%  -59.6%    1.1B
CKCM   Click Commerce    23.75   -0.75   -3.1%  -16.7%    N/A   885.4
TANN   Tanning Tech.     16.38   -0.63   -3.7%    8.6%  -72.4%  344.7
NETP   Net Perceptions   10.81   -0.44   -3.9%  -41.6%  -74.4%  288.8
PFSW   PFSweb             2.31   -0.09   -3.9%  -45.6%  -93.9%   41.3
RETK   Retek             25.38   -1.06   -4.0%  -19.1%  -66.5%    1.2B
BTBC   b2bstores.com      1.44   -0.06   -4.2%  -30.3%    N/A    12.4
XCAR   XCare.net          3.38   -0.16   -4.4%  -40.0%    N/A    54.8
PPRO   PurchasePro.com   37.94   -1.81   -4.6%  -10.7%  -72.6%    1.2B
STCS   Software Tech.    20.94   -1.06   -4.8%  -31.4%    N/A     1.4B
USIT   U.S. Interactive   9.50   -0.50   -5.0%  -39.7%  -78.1%  251.9
FAIM   FairMarket         3.94   -0.25

   -6.0%  -35.7%    N/A   110.8
SNHK   Sunhawk.com       12.50   -0.88   -6.5%  -18.0%    N/A    37.6
HCOM   HomeCom            0.81   -0.06   -7.1%  -18.7%  -74.7%    6.7
OMKT   Open Market        7.00   -0.56   -7.4%  -17.6%  -84.6%  323.9
SLTC   Selectica         48.13   -4.00   -7.7%  -30.3%    N/A     1.7B
AWEB   Autoweb.com        1.81   -0.16   -7.9%  -21.6%  -83.4%   53.3
PRTS   PartsBase.com      5.13   -0.50   -8.9%  -35.9%    N/A    75.9
AGIL   Agile Software    57.00   -6.13   -9.7%   -6.4%  -47.9%    2.7B
ORCC   Online Resources   5.13   -0.63  -10.9%  -25.5%  -69.4%   60.8
PRVW   Preview Systems    8.75   -1.13  -11.4%  -32.9%  -86.6%  148.1
NEOF   Neoforma.com       2.88   -0.38  -11.5%  -55.8%    N/A   198.6
BVSN   BroadVision       28.00   -4.19  -13.0%  -31.4%  -51.0%    7.5B
ELCO   Elcom Int.         5.44   -0.94  -14.7%  -18.7%  -84.1%  167.0
OPUS   Opus360            2.63   -0.50  -16.0%  -46.2%    N/A   131.5
CORI   Corillian          9.19   -1.80  -16.4%  -29.3%    N/A   271.3
ONVI   Onvia.com          5.41   -1.66  -23.5%  -47.6%    N/A   435.3
QUOT   Quotesmith.com     1.81   -0.63  -25.6%  -23.7%  -84.2%   34.9
CYSV   Cysive            14.56   -5.25  -26.5%  -44.0%  -59.9%  403.7
IMNY   I-Many             8.44   -4.25  -33.5%  -24.6%    N/A   259.8
---------------------------------------------------------------------
       E-commerce Enablers Ave.          -1.7%         

E-learning infrastructure provider Saba Software climbs 50% this week, making it the No. 2 Internet gainer across the board. SABA gets a boost out of deployment of its software by the Norwegian government, which plans to train 3.5 million workers using Saba’s network. pcOrder.com soars on news that the company is buying back up to 1 million of its outstanding shares, plus a licensing deal with America Online. Purchasing and e-commerce software vendor I-many has had a short post-IPO flight: It closed on its first day of trading on July 13 at $12.48, peaked at $14.69 on Aug. 2, and has since been moving south. Oh, and on Monday I-many reported widening losses for the second quarter, which was good for a 27.5% plunge over the next two days. Welcome to our world, IMNY.

 
                                 SECURITY

                        8/16    7-Day   7-Day  1-Month   YTD   Market
      Company          $Close  $Change %Change %Change          Cap  
  
LTNX  Litronic           5.56    0.06    1.1%  -23.3%  -31.0%   55.0
VLCT  ValiCert          12.44    0.13    1.0%    N/A     N/A   271.8
RSAS  RSA Security      63.44   -0.69   -1.1%   -1.6%  -18.7%    2.5B
ENTU  Entrust Tech.     25.13   -0.63   -2.4%  -18.1%  -58.4%    1.3B
CHKP  Check Point      124.88   -3.94   -3.1%   11.1%  149.5%   19.2B
AXNT  AXENT             23.56   -1.69   -6.7%    4.1%   11.4%  681.8
WGRD  WatchGuard        52.25   -4.25   -7.5%  -20.5%   71.5%    1.3B
ITRU  InterTrust        13.88   -1.50   -9.8%  -29.3%  -76.6%    1.2B
PILT  Pilot Network     11.00   -1.25  -10.2%  -33.8%  -54.5%  165.9
VONE  V-ONE              2.75   -0.38  -12.0%  -29.6%  -53.5%   56.8
ISSX  Internet Security 54.69  -10.06  -15.5%  -37.9%  -23.7%    2.3B
NSSI  Network-1          6.63   -1.94  -22.6%   32.5%  -39.2%   40.7
---------------------------------------------------------------------
      Security Ave.                     -7.4%         

An uncharacteristically bad week for this sector, with only two slight gainers. With the exception of a three-month period early this year, Litronic has spent all of its time since going public last July bouncing between $5 and $10 per share. LTNX’s second-quarter report issued on Monday showed revenues of $9.1 million and a net loss of $2.4 million, up from $1.5 million in the year-ago quarter. E-commerce transaction software provider ValiCert, which went public in late July, has had an erratic flight path, but still has managed
to stay above its first-day closing price of

$11.88. Internet Security Systems Group has plunged nearly 50% since announcing a Q2 net profit of 9 cents per share, beating estimates.

                             PERFORMANCE SOFTWARE

                         8/16   7-Day   7-Day  1-Month   YTD   Market
       Company          $Close $Change %Change %Change          Cap  

CLRN   Clarent          52.56   20.56   64.3%  -35.7%  -32.9%    1.7B
RHAT   Red Hat          24.94    4.88   24.3%   -1.7%  -76.6%    3.9B
NSPK   NetSpeak         10.69    1.94   22.1%    5.6%  -50.1%  151.6
COBT   Cobalt Networks  48.75    8.81   22.1%   -8.8%  -55.3%    1.4B
VIAD   Viador           10.13    1.50   17.4%  -28.0%  -76.3%  169.2
WEBT   WebTrends        36.56    5.31   17.0%   -2.5%  -10.4%  957.8
VIGN   Vignette         39.81    3.94   11.0%  -14.2%  -27.2%    9.2B
RNWK   RealNetworks     44.38    3.81    9.4%   -9.4%  -26.8%    6.9B
NESY   NEON Systems     13.00    1.00    8.3%  -12.6%  -67.1%  122.6
OTEX   Open Text        22.69    1.00    4.6%   13.4%   25.2%  457.9
IWOV   Interwoven       74.50    1.50    2.1%    6.2%   21.6%    3.7B
CTRA   Centra Software   7.50    0.13    1.7%  -45.5%    N/A   181.0
IMAN   iManage          10.00    0.13    1.3%  -12.1%  -69.1%  219.7
DTEC   Delano Tech.     10.13    0.13    1.3%  -36.2%    N/A   305.2
RWAV   Rogue Wave        6.44    0.06    1.0%   14.5%  -20.1%   69.6
VATA   Versata          23.00    0.06    0.3%  -39.7%    N/A   915.5
WAVO   WAVO              0.63    0.00    0.0%   -4.7%  -84.0%   18.5
SSSW   SilverStream     28.38   -0.13   -0.4%  -47.5%  -76.3%  581.3
ALLR   Allaire          31.88   -0.19   -0.6%  -22.7%  -56.7%  861.8
NTOP   Net2Phone        26.06   -0.56   -2.1%  -32.1%  -43.7%    1.4B
SONE   S1 Corp.         16.75   -0.38   -2.2%  -42.4%  -78.7%  907.7
GTHR   GetThere          8.75   -0.25   -2.8%  -23.1%  -78.4%  292.5
EMBT   Embarcadero      35.88   -1.13   -3.0%   -4.7%    N/A   944.2
FVCX   FVC.com           5.28   -0.22   -4.0%  -31.9%  -55.1%   90.9
EPRS   Eprise           18.63   -0.81   -4.2%    1.0%    N/A   467.8
WBSN   Websense         13.63   -0.63   -4.4%  -50.7%    N/A   265.8
DGV    Digital Lava      6.00   -0.31   -4.9%   -6.8%  -14.9%   28.1
BLSW   Bluestone        19.00   -1.00   -5.0%  -39.9%  -83.6%  387.7
PKSI   Primus Knowledge 26.63   -1.50   -5.3%  -33.5%  -41.7%  470.0
PRSF   Portal Software  56.13   -3.94   -6.6%   -9.0%    8.3%    9.1B
NTGX   net.Genesis      11.56   -0.81   -6.6%  -28.3%    N/A   243.5
SWCM   Software.com    132.25  -10.19   -7.2%    7.8%   36.8%    6.5B
EXTN   Extensity        22.50   -1.75   -7.2%  -41.2%    N/A   536.8
CWLD   CrossWorlds      16.00   -1.38   -7.9%  -28.9%    N/A   397.1
INSO   Inso Corp.        5.00   -0.44   -8.0%  -36.0%  -84.6%   84.4
OTGS   OTG Software     31.06   -2.94   -8.6%  -14.5%    N/A   800.4
BLUE   Blue Martini     63.50   -6.25   -9.0%    N/A     N/A     4.4B
BWEB   BackWeb          15.88   -1.63   -9.3%  -25.3%  -62.6%  589.8
TMNT   Telemate.Net      1.94   -0.22  -10.1%  -31.1%  -88.2%   15.0
IPIX   Internet Pictures 8.00   -1.19  -12.9%  -44.8%  -52.0%  472.6
LBRT   Liberate Tech.   17.06   -2.56  -13.1%  -44.5%  -86.8%    1.5B
SGNT   Sagent Tech.     10.75   -1.75  -14.0%   -9.5%  -64.3%  303.3
MONE   MatrixOne        38.88   -7.63  -16.4%  -18.8%    N/A     1.6B
PASW   PASW              2.88   -0.59  -17.1%   10.8%  -49.8%   12.9
TIBX   Tibco Software   95.88  -20.53  -17.6%  -15.5%   86.7%   18.2B
SQSW   Sequoia Software  9.44   -2.06  -17.9%  -42.1%    N/A   280.8
LOUD   Loudeye Tech.    10.50   -2.56  -19.6%  -39.1%    N/A   386.3
VMDC   VantageMed        1.78   -0.44  -19.7%  -39.4%    N/A    15.3
VOCL   VocalTec         16.00   -4.25  -21.0%  -30.1%   -5.2%  193.5
SPRT   Support.com      25.50   -7.00  -21.5%  -21.8%    N/A   852.1
---------------------------------------------------------------------
       Performance Software Ave.        -6.1%         

V

oice-over-IP networking player Clarent Communications attracted a lot of attention last week from analysts who said short-selling has driven down share price, creating a buying opportunity. CLRN shares fell 39% on July 28 alone after the company’s Q2 report, despite strong revenue growth and (slight) profitability. It bounces back this week all the way to the top of the charts. Linux software and services vendor Red Hat moves up on deals with IBM and Motorola. Despite a nasty fall this week, Tibco Software has the fifth-best YTD performance of all Internet stocks, with a gain of nearly 87%.

                                INTERNET SERVICES 

                           8/16   7-Day   7-Day   1-Month   YTD   Market
       Company            $Close $Change %Change  %Change          Cap
             
NVDC   Navidec             8.88    1.63   22.4%    -1.4%  -26.6%   98.1
NAVI   NaviSite           52.00    9.38   22.0%    21.6%    3.3%    2.9B
LFMN   Lifeminders        22.13    3.88   21.2%   -24.8%  -62.0%  523.2
SKIL   SkillSoft          14.75    2.38   19.2%   -19.2%    N/A   195.2
LIOX   Lionbridge Tech.    9.00    1.25   16.1%     N/A   -51.0%  227.2
WNET   WHEREVER.net        2.97    0.41   15.9%   -15.2%    N/A    75.8
NTWO   N2H2                3.94    0.53   15.6%   -10.0%  -83.4%   88.4
KANA   Kana Comm.         38.00    5.06   15.4%   -32.9%  -63.2%    3.5B
HOTJ   HotJobs.com        17.94    1.81   11.2%     2.5%  -59.2%  571.5
EGAN   eGain               7.88    0.66    9.1%   -40.6%  -79.3%  233.1
VCNT   Vicinity Corp.     15.75    1.17    8.0%   -34.7%    N/A   442.3
EXDS   Exodus Comm.       57.88    3.81    7.1%    13.9%   29.4%   24.1B
VRSN   VeriSign          155.13    9.38    6.4%    -9.8%  -19.3%   30.2B
ILND   Interland           8.47    0.41    5.0%     N/A    N/A    393.5
HLTH   Healtheon/WebMD    12.44    0.56    4.7%   -21.7%  -67.1%    2.7B
EGRT   Egreetings          1.44    0.06    4.5%   -14.8%  -85.9%   50.3
DIGX   Digex Inc.         73.81    2.88    4.1%    -9.6%    6.6%    4.7B
ACRU   Accrue Software    21.44    0.69    3.3%   -19.5%  -60.7%  590.9
ETIN   Etinuum             4.25    0.13    3.0%   -17.1%    N/A    78.1
CRFH   Crayfish Co.        5.50    0.13    2.3%   -34.8%    N/A   279.8
INIT   Interliant         14.81    0.31    2.2%   -20.7%  -43.4%  703.9
CLAI   Claimsnet.com       2.06    0.00    0.0%   -28.2%  -79.5%   16.1
SVVS   Savvis Comm.        9.75    0.00    0.0%   -22.0%    N/A   905.7
CTCH   CommTouch          17.56   -0.13   -0.7%   -46.7%  -64.1%  265.5
NETZ   Netzee              5.56   -0.06   -1.1%   -37.8%  -66.8%  120.7
IBAS   iBasis             20.75   -0.25   -1.2%   -33.1%  -28.3%  707.3
DRTN   Data Return        18.50   -0.25   -1.3%   -33.5%  -65.7%  656.7
HHNT   HeadHunter.NET      6.16   -0.16   -2.5%   -22.4%  -51.3%   67.2
JPTR   Jupiter Comm.      24.63   -0.63   -2.5%    -1.7%  -19.2%  383.9
KEYN   Keynote Systems    35.13   -1.00   -2.8%   -29.7%  -52.7%  939.3
ECRU   E-Cruiter.com       3.50   -0.13   -3.4%   -16.4%  -51.2%   25.8
CPTH   Critical Path      54.06   -1.94   -3.5%   -14.5%  -43.1%    3.2B
CONV   Convergent          3.97   -0.16   -3.8%   -35.2%  -75.2%  115.7
CHRD   Chordiant Software 11.25   -0.56   -4.8%   -37.4%    N/A   412.6
CAVN   Cavion Tech.        4.88   -0.25   -4.9%   -42.2%  -37.5%   24.2
MAIL   Mail.com            6.98   -0.39   -5.3%   -17.8%  -63.0%  396.7
SAPE   Sapient Corp.     129.69   -7.81   -5.7%     7.8%   -8.6%    7.7B
CRIO   Corio              14.00   -1.00   -6.7%     N/A     N/A   674.0
WQNI   WorldQuest          4.69   -0.34   -6.8%   -24.2%    N/A    29.9
SRCH   US SEARCH.com       1.69   -0.13   -6.9%   -48.1%  -77.7%   30.3
RCOM   Register.com       15.94   -1.44   -8.3%   -53.8%    N/A   498.5
MDLI   MedicaLogic         5.38   -0.50   -8.5%   -18.9%  -74.6%  214.6
MRBA   Marimba            17.44   -1.63   -8.5%    -8.8%  -62.4%  406.5
BWAY   Breakaway Sol.     2

3.88   -2.69  -10.1%   -29.3%  -35.1%    1.1B
FUSN   Fusion Networks     1.31   -0.16  -10.6%    -4.5%    N/A    36.0
USIX   USinternetworking  11.50   -1.88  -14.0%   -40.6%  -75.5%    1.1B
ITXC   ITXC Corp.         20.00   -3.50  -14.9%   -38.1%  -40.9%  769.6
WEBX   WebEx              30.25   -6.63  -18.0%     N/A     N/A     1.1B
IPRT   iPrint.com          3.53   -0.81  -18.7%   -50.4%    N/A   105.7
STMP   Stamps.com          4.06   -0.94  -18.8%   -37.5%  -90.3%  198.5
LPSN   LivePerson          6.63   -1.81  -21.5%   -27.9%    N/A   194.5
EVOK   Evoke Comm.         5.13   -1.88  -26.8%     N/A     N/A   239.5      
-----------------------------------------------------------------------
      Internet Services Ave.              -0.5%         

Navidec takes the top slot here on news that it has finalized the sale of its DriveOff.com site by Microsoft’s CarPoint, a Web site for auto purchasers and sellers. Application service provider NaviSite is
one of only a dozen Internet stocks to post gains for the week, month and year. eFax.com gets yanked from the ticker by the Nasdaq. It’s been almost straight downhill for Evoke Communications, a provider of streaming media and communications services, since going public on July 25, when shares closed at $8.13. Stamps.com finally cracks the 90% YTD loss barrier. It should be joined soon by Egreetings.

 
                             ADVERTISING/MARKETING 

                         8/16   7-Day   7-Day  1-Month   YTD    Market
      Company          $Close $Change %Change %Change            Cap   

FSHP  FreeShop.com       4.75    0.69   16.9%  -18.3%  -90.2%    74.5
ENGA  Engage             9.44    1.31   16.2%  -21.8%  -68.8%     1.7B
MPLX  Mediaplex          7.78    0.91   13.2%  -59.3%  -87.7%   261.9
TFSM  24/7 Media        12.13    0.88    7.8%   -9.3%  -78.6%   320.2
LNTY  L90                7.19    0.44    6.5%  -25.8%    N/A    158.0
HPOL  Harris Interactive 4.25    0.25    6.3%   -2.9%  -67.7%   137.3
NTRT  NetRatings        19.25    0.88    4.8%  -21.4%  -60.3%   620.3
MYPT  MyPoints.com      13.00   -0.03   -0.2%  -32.2%  -82.6%   378.7
MMXI  Media Metrix      26.25   -0.63   -2.3%   -3.5%  -27.1%   520.8
CBLT  Cobalt Group       5.13   -0.13   -2.4%  -21.9%  -45.7%    88.4
AVEA  Avenue A           7.81   -0.25   -3.1%   -5.3%    N/A    453.7
APLN  @Plan.Inc          5.56   -0.19   -3.3%  -12.7%  -44.1%    62.7
NCNT  Netcentives       11.31   -0.44   -3.7%  -24.3%  -82.0%   469.7
CSAV  coolsavings.com    3.38   -0.25   -6.9%  -18.2%    N/A    130.5
DIGI  Digital Impact    11.00   -1.03   -8.6%  -41.3%  -78.2%   271.3
VCLK  ValueClick         9.31   -0.94   -9.1%  -13.4%    N/A    260.4
DCLK  DoubleClick       31.06   -3.25   -9.5%   -5.3%  -75.6%     3.8B
NTCR  NetCreations      23.13   -3.34  -12.6%  -51.1%  -47.8%   358.3
PRME  Prime Response     5.56   -1.31  -19.1%  -40.7%    N/A    114.9
BFRE  Be Free            4.00   -1.13  -22.0%  -45.3%  -88.9%   259.0
---------------------------------------------------------------------
      Advertising/Marketing Ave.        -1.6%         

I suppose it’s possible FreeShop.com got a lift from the Aug. 8 announcement that it has hired two senior executives. Maybe investors interpret it as a sign that FSHP is about to embark upon a Golden Age. Or maybe the company, down more than 90% this year, is merely bouncing off new lows. MyPoints.com last week completed its acquisition of rival Cybergold, which comes off our list. Internet site traffic measurer Media Metrix is down 27.1% for the year, making it the class of this group.

                              CONSULTANTS/DESIGNERS

                          8/16   7-Day   7-Day  1-Month   YTD   Market
       Company           $Close  Change %Change %Change          Cap
                     
MRCH   marchFIRST         22.88   3.06   15.5%   -2.4%  -57.6%    3.4B
OGNC   Organi

c             8.94   0.94   11.7%  -25.9%    N/A   784.4
ACOM   AGENCY.COM         22.94   1.75    8.3%   -7.3%  -55.3%  809.6
SCNT   Scient Corp.       46.06   3.06    7.1%  -23.7%  -47.1%    3.4B
MMPT   Modem Media        12.88   0.44    3.5%  -20.2%  -63.7%  313.3
PRFT   Perficient         12.75   0.38    3.0%    3.0%   -0.7%   77.4
GENI   GenesisIntermedia  15.13   0.06    0.4%   -4.7%  158.4%   81.9
DTAS   Digitas            18.75   0.06    0.3%  -17.4%    N/A     1.1B
MSPR   Mainspring         14.50  -0.31   -2.1%    N/A     N/A   272.4
LUMT   Luminant Worldwide  7.81  -0.50   -6.0%  -10.1%  -83.0%  206.1
PECS   PEC Solutions       7.75  -0.56   -6.8%  -23.0%    N/A   172.6
IISX   Integrated Info.    6.44  -0.56   -8.0%  -24.3%    N/A   131.7
VIAN   Viant              28.38  -2.63   -8.5%  -20.5%  -43.1%    1.4B
LNTE   Lante Corp.        11.38  -1.38  -10.8%  -51.1%    N/A   448.2
RAZF   Razorfish          14.81  -1.81  -10.9%  -28.2%  -69.1%    1.4B
IIXL   iXL Enterprises    11.06  -1.63  -12.8%  -41.0%  -80.2%  827.4
INFT   Inforte Corp.      35.00  -5.63  -13.8%  -33.3%    N/A   434.0
PXCM   Proxicom           36.50  -6.25  -14.6%  -17.7%  -41.7%    2.0B
----------------------------------------------------------------------
       Consultants/Designers Ave.        -2.5%         

Internet consulting and services player marchFIRST climbs on rumors that it is engaged in serious merger talks with Australian ‘Net firm Sausage Software. This only five months after marchFIRST was formed when Whittman-Hart completed its acquisition of USWeb/CKS. While it rose only slightly this week, Perficient holds the distinction of being the only monthly gainer in this sector. GenesisIntermedia.com, still one of the top YTD ‘Net tickers despite going nowhere since mid-April, has hired Prudential Securities to raise $25 million for expansion of its Centerlinq network of shopping mall Internet kiosks.

                               SPEED/BANDWIDTH 

                          8/16   7-Day   7-Day  1-Month   YTD   Market
       Company           $Close $Change %Change %Change           Cap 

CFLO   CacheFlow          93.25  20.75   28.6%   12.3%  -29.2%    3.6B
BHSAC  High Speed Access   5.78   0.78   15.6%   -9.3%  -67.4%  321.8
RDWR   Radware            33.00   3.88   13.3%  -10.5%  -24.0%  510.5
SCMR   Sycamore Networks 148.88  14.81   11.0%   10.2%   44.0%   36.4B
FFIV   F5 Networks        48.38   2.88    6.3%   -1.5%  -57.9%    1.0B
AKAM   Akamai Tech.       75.19   3.81    5.3%  -37.9%  -77.2%    8.0B
BRCM   Broadcom          240.31   5.69    2.4%    1.3%   75.2%   53.4B
INKT   Inktomi           106.31   1.75    1.7%  -13.6%   18.9%   12.1B
ATON   Alteon WebSystems 143.69   1.94    1.4%   22.7%   62.6%    6.2B
PKTR   Packeteer          45.50   0.31    0.7%   15.6%  -36.4%    1.2B
JNPR   Juniper Networks  166.31   0.63    0.4%    6.6%  191.4%   52.4B
AVCI   Avici Systems     137.75  -0.63   -0.5%    N/A     N/A     6.3B
TUTS   Tut Systems       100.63  -0.63   -0.6%   47.4%   86.3%    1.6B
CAIS   CAIS Internet       9.50  -0.06   -0.7%  -26.6%  -73.4%  218.5
INAP   InterNAP           29.13  -0.25   -0.9%  -39.6%  -66.6%    4.2B
NENG   Network Engines    26.00  -0.38   -1.4%  -13.3%    N/A   856.0
IBEM   iBEAM              10.31  -0.19   -1.8%  -42.9%    N/A     1.1B
ATHM   At Home            13.56  -0.56   -4.0%  -28.6%  -68.6%    5.5B
TERN   Terayon            52.81  -3.44   -6.1%  -22.0%   67.0%    3.3B
CSCO   Cisco Systems      63.06  -4.75   -7.0%   -5.6%   16.9%  442.9B
COVD   Covad  Grp.        14.63  -1.50   -9.3%  -26.9%  -61.1%    2.2B
SONS   Sonus Networks    197.50 -30.50  -13.4%    6.9%    N/A    12.1B
RAMP   Ramp Networks       5.63  -1.00  -15.1%  -54.3%  -63.4%  119.6
WGAT   WorldGate          17.38  -3.25  -15.8%  -30.0%  -63.7%  374.4
----------------------------------------------------------------------
       Speed/Bandwidth Ave.               0.

4%         

Caching appliance vendor CacheFlow turns record quarterly revenue, lower-than-expected losses and positive press into a sector lead. It ran in place this week, but Juniper Networks remains the top Internet stock this year, almost tripling in price from its Dec. 31 close. However, since late May the largest gain among ‘Net tickers belongs to voice and data traffic switch maker Sonus Networks, which had no revenue last year and is losing money. But SONS cut losses in Q2 and is growing revenue rapidly.

                             ISPs/ACCESS PROVIDERS

                        8/16   7-Day   7-Day  1-Month   YTD    Market
      Company          $Close $Change %Change %Change           Cap                   

GIGM  GigaMedia         12.06   2.81   30.4%    9.7%    N/A    589.0
ZIPL  Ziplink            6.13   0.88   16.7%   18.1%  -51.3%    79.3
PRGY  Prodigy            7.63   0.81   11.9%  -13.8%  -60.9%   493.3
VRIO  Verio             59.56   6.06   11.3%    6.7%   28.0%     4.9B
IDTC  IDT Corp.         40.63   1.63    4.2%    2.2%  113.7%     1.5B
JWEB  Juno Online        6.13   0.19    3.2%  -34.9%  -82.9%   237.1
QSCG  QS Communications 21.00   0.50    2.4%   20.9%    N/A      1.1B
TRRA  Terra Networks    34.31   0.75    2.2%  -15.7%  -37.8%     9.4B
RMII  RMI.Net            2.88   0.06    2.2%  -11.5%  -65.7%    60.0
FSST  FASTNET            2.00   0.00    0.0%  -22.0%    N/A     30.0
VOYN  Voyager.net        6.81  -0.06   -0.9%  -25.3%  -26.4%   215.6
IGLD  Internet Gold      6.69  -0.06   -0.9%  -23.6%  -70.2%   123.3
VNWI  VIA NET.WORKS     12.88  -0.13   -1.0%  -23.7%    N/A    768.4
IIJI  Internet/Japan    40.00  -0.50   -1.2%  -31.8%  -59.1%     1.8B
HANA  Hanaro Telecom     5.50  -0.09   -1.7%   -8.3%    N/A      1.5B
TLCT  Telocity Delaware  3.19  -0.06   -1.9%  -39.3%    N/A    270.5
PCNTF Pacific Internet  13.94  -0.63   -4.3%  -11.9%  -70.5%   176.2
ISLD  Digital Island    25.63  -1.25   -4.7%  -27.3%  -73.3%     1.8B
ONEM  OneMain.com        9.17  -0.45   -4.7%  -18.0%  -39.3%   230.0
IZAP  ZapME!             2.75  -0.16   -5.4%   -9.3%  -68.3%   121.0
PSIX  PSINet            16.25  -1.14   -6.6%  -29.7%  -47.7%     2.6B
KOREA Korea Thrunet Co.  9.00  -0.75   -7.7%  -34.5%  -86.8%   647.6
GEEK  Internet America   3.69  -0.31   -7.8%  -23.4%  -69.0%    35.8
NZRO  NetZero            4.69  -0.44   -8.5%  -27.2%  -82.7%   491.4
FREE  Freeserve         39.50  -3.75   -8.7%  -22.9%  -57.4%     4.6B
BIZZ  Biznessonline.com  3.25  -0.31   -8.8%  -27.3%  -53.9%    29.4
ELNK  EarthLink          9.63  -1.44  -13.0%  -38.9%  -77.5%     1.2B
PNVN  PNV                1.75  -0.34  -16.4%   47.3%  -78.8%    27.9
ATHY  AppliedTheory      6.97  -1.41  -16.8%  -44.0%  -75.1%   162.8
DDDC  Deltathree.com     6.63  -1.63  -19.7%  -43.0%  -74.5%   190.2
NPLI  Netpliance         5.50  -1.47  -21.1%  -24.5%    N/A    332.0
DSLN  DSL.net            2.75  -0.91  -24.8%  -67.6%  -81.1%   179.4
LOAX  Log On America     2.03  -1.59  -44.0%  -62.4%  -90.0%    16.9
--------------------------------------------------------------------
      ISP/Access Provider Ave.         -4.4%         

For an ever-so-brief time last year, Rhode Island ISP Log On America was the architect of a feel-good story. In the face of an ice-cold IPO market in April 1999, LOAX defied the odds by posting a first-day gain of 250%, closing at $35. But like a former child cast member of “Diff’rent Strokes,” Log On America finds its former glory has rapidly given way to big problems. Shares are down 90% for the year – worst among ISPs – and 44% this week – worst among all ‘Net stocks. Last week’s quarterly report showed a doubling of losses from Q1, while shares continue to descend to new lows. Can a gig as a security guard be far behind? Since touching bottom at $7.13 on July 26, Taiwan ISP GigaMedia is up 69%. Since going public on Feb. 18, however, GIGM is down 86.3%. Hey, you can make

statistics say anything.

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