ISDEX closes at 622.18, up 2.55% on focused optimism in Internet stocks. Today’s snapshot:
Cisco (NASDAQ:CSCO) breaks out of a buying dry spell and plops $445 million stock on the table for two ATM startups that could bolster its packet technology. The buys are not material to earnings yet.
@Home (NASDAQ:ATHM) gets a cash infusion of $20 million from 3Com, Motorola and Cisco to start @Home Solutions, a service for smaller cable operators.
Inktomi (NASDAQ:INKT) adds 350 merchants to its shopping search engine service that’s used by more than 20 sites. This shopping service could be a threat to Amazon.com (NASDAQ:AMZN) I believe, especially since it has a feature for easy buying. Inktomi to me looks like it’s becoming the replacement to the mall concept and the etail concept. Shop bots.