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
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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
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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
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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
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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 Net.B@nk 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
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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
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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
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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
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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
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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
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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
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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
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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.
