The Nasdaq Composite ended its worst week in history Friday with another bruising session that was particularly tough on Internet stocks.
internet.com’s Internet Stock Index lost 74.24, or 10.60 percent, to 626.28,
the Nasdaq Composite was off 354.99 to 3,321.79 and the Dow Jones industrial
average plunged 616.23 lower to 10,307.32.
PeaPod (PPOD)
announced a strategic partnership with International food provider, Royal
Ahold. Ahold will invest approximately $73 million in the online grocer and
own 51 percent of PeaPod’s total outstanding stock. In addition, Ahold will
supply Peapod with goods, services and fast pick fulfillment centers. Shares
of PeaPod finished 11/16 higher to 3-3/16.
E.piphany (EPNY)
dropped 32-19/64 to 47-1/2 following news it has partnered with Digital Think (DTHK)
to create Web-based course content for DTHK’s software.
ZipLink (ZIPL)
was 7/16 lower to 9-7/16 despite positive news. The wholesale Internet
connectivity provider announced it has signed a national connectivity
agreement with GoAmerica Communications
Corp’s. (GOAM)
wireless division. GoAmerica gains access to ZipLink’s ISP channels and
allows it to now offer its customer base a full range of connectivity
solutions.
Scient (SCNT)
was down 2-3/4 to 39-1/2 after DLJ initiated coverage on the Internet
services with a “buy” rating. The stock now trades…
Ariba Inc. (ARBA)
lost 5-9/16 to 59-1/2, eBay Inc. (EBAY)
matured 3/4 to 139-9/16, Exodus
Communications (EXDS)
finished 12-5/8 lower to 85-9/16, and Inktomi Corp. (INKT)
dropped 9-3/4 to 100-13/16.
Shares of National Information Consortium
(EGOV)
were off 4-33/64 to 12-63/64 after the governement Internet solutions
provider announced it was pulling plans for a follow-on public offering of
stock.
Internet Capital Group (ICGE)
continued to fall, down 2-53/64 to 38-63/64. The B2B holding company is now
trading 83 percent off its 52-week high.
