Hey, It’s Not Fall

First of all, I’d like to note that there’s almost a week left to the
summer, so those of you awaiting a fall rally should remain calm. Having
said that, this week’s results are exactly what I warned about last
Friday. (“One bad week alone could undue the past three weeks of
advances.”)

After starting on an up note, most Internet stocks are down in September
thanks to this week’s pummeling, which saw all 13 sectors lose ground.
Investors appear to be nervous about Q3 earnings reports after several
companies said they may miss projections. There’s an irony here:
The often myopic market, so given to fixating on daily and even hourly
trends, is freaking out about reports that for the most part aren’t
due for another month.

*Market Cap figure is in millions unless otherwise noted.

PERFORMANCE BY SECTOR
                          Ave. 7-Day
                           % Change

E-commerce Enablers          -1.3%
Security                     -1.7%
Wireless                     -2.9%
Consultants/Designers        -3.3%
Performance Software         -4.1% 
Financial Services           -4.3%
Search/Portals               -4.5%
Content/Communities          -6.0%
E-tailers                    -6.3%
Advertising/Marketing        -6.6% 
ISPs/Access Providers        -7.0%  
Internet Services            -8.2%
Speed/Bandwidth              -8.8%

TOP 10 GAINERS            7-Day % Gain      Category

XCAR   XCare.net             49.2%          E-Commerce Enablers
DTAS   Digitas               34.3%          Consultants/Designers
CORI   Corillian             33.8%          E-Commerce Enablers
QKKA   Quokka Sports         29.5%          Content/Communities
OTGS   OTG Software          27.8%          Performance Software
VLCT   ValiCert              26.9%          Security
PRVW   Preview Systems       25.4%          E-Commerce Enablers
SCNT   Scient                25.3%          Consultants/Designers
TANN   Tanning Tech.         25.2%          E-Commerce Enablers
NEOF   Neoforma.com          23.9%          E-Commerce Enablers


TOP 10 LOSERS             7-Day % Loss      Category
 
NTCR   NetCreations         -45.8%          Advertising/Marketing
HITS   Musicmaker.com       -40.9%          E-tailers
KOOP   drkoop.com           -33.8%          Content/Communities
MPPP   MP3.com              -31.7%          Content/Communities
IIXL   iXL Enterprises      -31.5%          Consultants/Designers
ALLR   Allaire              -30.6%          Performance Software
LOUD   Loudeye              -30.1%          Performance Software
XPDR   Xpedior              -29.1%          Consultants/Designers
IASIA  Asiacontent.com      -27.3%          Content/Communities
CLIC   Calico Commerce      -26.2%          E-Commerce Enablers

********************************************************************

                             WIRELESS PRODUCTS/SERVICES

                       9/15   7-Day   7-Day  1-Month   YTD   Market
       Company        $Close $Change %Change %Change          Cap
                     
HAND   Handspring      37.19   7.06   23.4%   -9.3%    N/A     4.7B
PALM   Palm            48.50   7.06   17.0%   43.7%    N/A    27.4B
SVNX   724 Solutions   47.13   2.00    4.4%   32.3%    N/A     1.8B
VYYO   Vyyo            31.63   0.38    1.2%   41.3%    N/A     1.1B
AETH   Aether Systems 135.88  -1.50   -1.1%    4.9%   87.7%    5.2B
INSP   InfoSpace       39.25  -0.81   -2.0%   46.0%  -27.4%    9.2B
PHCM   Phone.com       88.13  -6.31   -6.7%    3.8%  -24.8%    7.3B
PUMA   Puma Tech.      22.88  -1.75   -7.1%   33.6%  -65.3%  967.8
MCOM   Metricom        34.94  -3.56   -9.3%    5.5%  -56.0%    1.1B
IIIM   i3 Mobile        7.50  -0.88  -10.4%  -11.8%    N/A   171.0
GWRX   Geoworks        10.94  -1.31  -10.7%   -5.9%  -35.4%  236.8
PRTH   Parthus         46.00  -5.75  -11.1%   53.3%    N/A     2.4B
GOAM   GoAmerica        9.63  -1.44  -13.0%    6.9%    N/A   494.5
IWAV  

 interWAVE       10.75  -1.88  -14.9%   -1.1%    N/A   500.5
-------------------------------------------------------------------
       Wireless Ave.                 -2.9%         

This sector has shown the ability to bounce back in the past month,
with nearly half of its members gaining at least 30% in that time.
Leading this week are the two wireless device competitors, Handspring
and Palm. Both notch double-digit gains despite skeptical comments
from some industry analysts regarding how big and how soon the market
for wireless handheld devices will grow. Meanwhile, PALM announces a
$50 million fund to invest in wireless start-ups. Ireland-based
mobile wireless software developer Parthus Technologies retains the
top monthly mark here despite losing 11%.

                               SEARCH/PORTALS

                       9/15   7-Day   7-Day  1-Month  YTD    Market
       Company        $Close $Change %Change %Change          Cap
                     
BOUT   About.com       41.00   0.81    2.0%   33.3%  -54.8%  740.1
SOHU   Sohu.com         7.00   0.06    0.9%   30.2%    N/A   218.6
AOLA   AOL/Latin Am.    8.44   0.06    0.7%    8.4%    N/A     2.2B
STRM   StarMedia       11.50   0.06    0.5%    3.4%  -71.6%  756.9
AOL    America Online  56.00   0.00    0.0%    1.4%  -26.2%  128.7B
LCOS   Lycos           69.13  -2.69   -3.7%   13.2%  -14.0%    7.6B
YHOO   Yahoo!         106.38  -5.69   -5.1%  -20.6%  -51.3%   58.4B
DIG    Disney-Internet 14.44  -1.00   -6.5%    9.5%  -39.8%    2.2B
SINA   SINA.com        20.94  -1.69   -7.5%   23.2%    N/A   851.9
ASKJ   Ask Jeeves      25.88  -2.50   -8.8%   42.3%  -77.3%  923.1
CHINA  Chinadotcom     16.25  -1.69   -9.4%   -3.0%  -59.1%    1.4B
LOOK   LookSmart       15.13  -1.63   -9.7%   -5.5%  -44.6%    1.4B
GOTO   GoTo.com        19.56  -2.56  -11.6%   24.2%  -67.0%    1.0B
-------------------------------------------------------------------
       Search/Portals Ave.           -4.5%         

Very little movement from this group for the week, with even the
leaders just treading water. Pay-for-placement search service
GoTo.com gets a boost from news that it will pay AOL $50 million
in return for having its search listings featured by the portal/access
giant. GOTO’s gains evaporated, though, after investors realized this
was less a shrewd deal than a desperate move by a company short on
cash and deep in debt. The good news for Ask Jeeves is that it leads
the sector for the month with a 42% gain. The bad news is that it
remains the biggest YTD loser in the group, down 77%.

                               CONTENT/COMMUNITIES 

                        9/15   7-Day   7-Day  1-Month   YTD   Market
       Company         $Close $Change %Change %Change          Cap 

QKKA   Quokka Sports     8.50   1.94   29.5%   29.5%  -35.9%  393.9
IMPV   ImproveNet        2.53   0.47   22.7%   44.6%    N/A    42.3
PASA   quepasa.com       1.31   0.16   13.5%   40.0%  -89.8%   24.5
SALN   Salon.com         2.25   0.25   12.5%   10.8%  -55.5%   31.2
ILIF   ilife.com         2.00   0.22   12.3%   33.3%  -56.0%   28.0
LOIS   Loislaw.com       8.56   0.69    8.7%    5.4%  -78.3%  180.1
MLTX   Multex.com       25.13   1.44    6.1%   25.6%  -33.9%  763.5
ONES   OneSource        11.50   0.63    5.7%    8.9%  -15.3%  134.4
DTHK   DigitalThink     39.00   0.56    1.5%   -9.8%    N/A     1.3B
HOOV   Hoover's          6.75   0.06    0.9%   -7.7%  -23.7%   87.9
NETR   NetRadio          1.75   0.00    0.0%   -3.5%  -79.0%   17.5
CNET   CNET Networks    29.75  -0.16   -0.5%    8.2%  -48.1%    2.6B
ZDZ    ZDNet            17.38  -0.13   -0.7%   10.8%  -18.1%    1.3B
ARTD   Artistdirect      2.25  -0.03   -1.4%  -15.3%    N/A    82.9
GNET   Go2Net           70.98  -1.27   -1.8%   47.7%  -19.3%    2.2B
KNOT   Knot              3.06  -0.06   -2.0%  -14.0%  -64.1%   44.8
MKTW   MarketWatch.com  11.50  -0.38   -3.2%    1

.1%  -68.8%  188.9
LAUN   Launch Media      6.88  -0.25   -3.5%   10.0%  -64.1%   93.2
WOMN   Women.com         3.13  -0.13   -3.8%   -9.1%  -78.3%  146.2
TURF   iTurf             1.63  -0.08   -4.6%  -45.8%  -87.1%   34.3
HOMS   Homestore.com    47.13  -3.63   -7.1%   30.9%  -37.2%    3.9B
SPLN   SportsLine.com   16.69  -1.38   -7.6%   -1.8%  -67.1%  440.8
INFO   Infonautics       3.00  -0.25   -7.7%  -15.0%  -57.6%   36.7
TCTY   Talk City         1.50  -0.13   -7.7%    2.1%  -94.3%   37.5
STAD   Student Advantage 7.81  -0.69   -8.1%  -12.9%  -65.2%  282.1
HSTM   HealthStream      2.50  -0.25   -9.1%    N/A     N/A    50.0
EDGR   EDGAR Online      4.75  -0.50   -9.5%   28.8%  -36.3%   59.2
INTM   internet.com     25.75  -2.94  -10.2%   18.4%  -51.2%  646.2
SCRM   ScreamingMedia    9.94  -1.25  -11.2%  -17.2%    N/A   371.9
EWBX   EarthWeb         10.75  -1.44  -11.8%  -23.9%  -78.9%  111.9
SWBD   Switchboard       7.50  -1.06  -12.4%   -3.2%    N/A   184.9
TGLO   theglobe.com      1.25  -0.19  -13.0%   11.1%  -85.2%   38.8
VDAT   Visual Data       4.13  -0.63  -13.2%   48.3%  -64.5%   34.7
HCEN   HealthCentral.com 3.38  -0.56  -14.3%   11.3%  -54.3%  152.4
SNOW   Snowball.com      2.25  -0.38  -14.3%  -18.2%    N/A    84.3
TPN    TownPagesNet      1.69  -0.31  -15.5%   -3.5%  -67.4%   16.2
HGAT   HealthGate Data   1.31  -0.25  -16.0%  -25.0%    N/A    23.4
VERT   VerticalNet      43.88  -8.88  -16.8%    2.6%  -47.1%    3.8B
IVIL   iVillage          5.75  -1.19  -17.1%  -14.0%  -71.9%  170.8
TSCM   TheStreet.com     6.88  -1.63  -19.1%   -1.8%  -64.5%  184.3
NBCI   NBC Internet      8.56  -2.19  -20.3%   -0.7%  -89.0%  535.4
IASIA  Asiacontent.com   3.00  -1.13  -27.3%    1.0%    N/A   103.0
MPPP   MP3.com           5.38  -2.50  -31.7%  -33.3%  -83.2%  366.5
KOOP   drkoop.com        1.50  -0.77  -33.8%   88.2%  -87.5%   52.4
--------------------------------------------------------------------
       Content/Comm. Ave.              -6.0%         

Online adventure sport content provider Quokka Sports rises to the
top on a wave of interest in its coverage of the Olympics. And it
just misses qualifying for a medal, finishing fourth among all ‘Net
tickers. But the company faces a serious cash crunch and is trying
to negotiate $50 million in debt financing. Stay tuned. Home
improvement services site ImproveNet barely misses making the list
of top 10 gainers after unveiling partnerships with similar sites
in Australia and the United Kingdom. MP3.com and drkoop.com vie
for the basement.

                                  E-TAILERS 

                          9/15   7-Day   7-Day  1-Month   YTD   Market
       Company           $Close $Change %Change %Change          Cap  
                     
FATB   Fatbrain.com       4.39    0.77   21.1%   13.3%  -82.7%   57.1
SKDS   SmarterKids.com    1.81    0.19   11.5%   48.7%  -75.3%   37.3
BFLY   Bluefly            4.09    0.41   11.0%   92.7%  -60.7%   20.2
ASFD   Ashford.com        3.83    0.33    9.4%   30.3%  -65.6%  173.2
ROOM   Hotel Network     39.63    1.75    4.6%   24.3%    N/A     2.2B
EXPE   Expedia           16.38    0.38    2.3%    3.2%  -53.7%  725.9
PCLN   priceline.com     27.94    0.44    1.6%   11.2%  -41.6%    4.7B
CTIX   Cheap Tickets     10.06    0.00    0.0%   -5.8%  -27.3%  243.9
EGGS   Egghead.com        3.13    0.00    0.0%   42.8%  -80.9%  132.3
BUYX   BUY.COM            3.97   -0.03   -0.8%   32.3%    N/A   520.6
BGST   BigStar            0.88   -0.02   -1.8%   47.3%  -88.8%    8.9
BNBN   barnesandnoble.com 4.38   -0.13   -2.8%    9.4%  -69.5%  639.4
ALOY   Alloy Online       8.38   -0.25   -2.9%    8.1%  -47.4%  147.6
VSTY   Varsity Group      1.00   -0.03   -3.0%   18.5%    N/A    15.8
IPET   Pets.com           0.94   -0.03   -3.2%   43.0%    N/A    27.4
PLRX   PlanetRx.com       0.66   -0.03   -4.5%   31.2%  -95.5%   33.8
PPOD   Peapod             1.91   -0.09   -4.7%   -3.2%  

-78.1%   34.2
EBAY   eBay              62.50   -3.13   -4.8%    8.7%   -1.2%   16.8B
FASH   Fashionmall.com    2.31   -0.13   -5.1%   -6.3%  -48.4%   17.3
EBKR   Ebookers.com       6.50   -0.38   -5.5%  -20.0%  -62.8%  110.6
ESTM   E-Stamp            1.56   -0.09   -5.7%   56.3%  -93.0%   62.3
COOL   Cyberian Outpost   4.41   -0.34   -7.2%    8.4%  -56.1%  125.5
AMZN   Amazon.com        42.44   -3.44   -7.5%    9.9%  -44.8%   15.1B
BYND   Beyond.com         1.53   -0.12   -7.5%   69.0%  -80.6%   58.4
GDEN   Garden.com         1.50   -0.13   -7.7%  -25.0%  -82.9%   26.4
WBVN   Webvan Group       3.75   -0.31   -7.7%   -9.1%  -77.5%    1.2B
DSCM   Drugstore.com      5.00   -0.44   -8.0%  -21.6%  -86.3%  265.4
ETYS   eToys              5.81   -0.56   -8.8%   31.9%  -78.1%  709.1
TMCS   Ticketmaster      21.13   -2.06   -8.9%   -7.9%  -45.6%    1.9B
TIXX   Tickets.com        1.55   -0.17  -10.0%  -25.0%  -89.3%   91.5
LMIN   Lastminute.com    11.63   -1.50  -11.4%   -8.8%    N/A   349.5
AMEN   Crosswalk.com      1.75   -0.25  -12.5%  -11.1%  -66.2%   13.5
EMUS   EMusic.com         2.13   -0.31  -12.8%   30.8%  -79.5%   91.1
AHWY   audiohighway.com   1.00   -0.19  -15.8%  -37.3%  -88.4%    6.4
EFTD   FTD.COM            2.16   -0.41  -15.9%  -14.8%  -59.4%  104.9
SQST   SciQuest.com       9.19   -1.75  -16.0%   -3.3%  -88.6%  266.4
VSHP   VitaminShoppe.com  1.25   -0.25  -16.7%    N/A   -86.4%   25.4
ADBL   Audible            1.81   -0.44  -19.4%   41.5%  -88.0%   49.9
INSW   InsWeb             2.00   -0.50  -20.0%   60.0%  -92.3%   70.4
SFTY   eSAFETYWORLD       1.38   -0.38  -21.4%  -29.1%    N/A     4.1
HITS   Musicmaker.com     0.81   -0.56  -40.9%    8.4%  -86.3%   26.9
---------------------------------------------------------------------
       E-tailers Ave.                    -6.3%         

From the Buy On the Rumor, Sell On the News Dept.: Fatbrain grabs the
sector lead on rumors that it is being purchased. On Thursday, shares
dropped 10% after it was announced that Barnes & Noble.com would buy
the online seller of professional and technical books for $64 million,
or $4.25 per share. FATB shares closed Thursday at $3.94. BNBN climbs
4% on the deal. Beyond.com was staring at a 36% loss for the week
until it announced Wednesday that it would retain its Nasdaq listing,
sending it up 44% in one day. The joy was short-lived, however; BYND
dropped 14% on Thursday. Quick quiz: What music-related site fell
more than 40% this week? Nope, not MP3.com. It’s musicmaker.com, which
saw former CEO Robert Bernardi resign his position as chairman of the
board on Monday. The company announced on Thursday a one for 10
reverse stock split, which I’m pretty sure is the name of a play run
by the St. Louis Rams in last year’s Super Bowl.

                             FINANCIAL SERVICES 

                           9/15   7-Day   7-Day  1-Month   YTD   Market
       Company            $Close $Change %Change %Change          Cap

TREE   LendingTree         5.56    0.63   12.7%  -11.0%    N/A   100.3
MDCM   Mortgage.com        0.94    0.06    7.1%    3.5%  -84.0%   41.6
EGRP   E*TRADE            19.31    0.94    5.1%   23.1%  -26.8%    5.8B
WEBS   Web Street          2.88    0.13    4.5%   35.3%  -77.0%   74.1
NXCD   NextCard           10.00    0.25    2.6%   52.4%  -65.7%  530.6
AMTD   Ameritrade         20.63   -0.19   -0.9%   41.6%   -5.9%    3.6B
DIR    DLJdirect           7.69   -0.19   -2.4%    6.0%  -43.9%  789.1
LINE   onlinetrading.com   5.50   -0.19   -3.3%    3.5%  -50.0%   63.1
NTBK   [email protected]           12.44   -0.50   -3.9%   15.0%  -33.5%  369.0
EELN   E-LOAN              3.25   -0.25   -7.1%  -13.3%  -80.2%  171.9
CMGI   CMGI               40.88   -5.81  -12.4%    9.2%  -70.8%   12.1B
WITC   Wit Soundview       8.00   -1.28  -13.8%   -8.6%  -53.4%  724.2
ICGE   Internet Capital   31.88   -5.70  -15.2%    9.0%  -81.4%    8.9B
DV

IN   divineInterventures 6.53   -1.41  -17.7%   -6.3%    N/A   897.7
ECMV   E Com Ventures      1.09   -0.28  -20.5%   -7.9%  -67.9%   10.9
----------------------------------------------------------------------
       Financial Services Ave.            -4.3%         

Ameritrade remains the only member of this group within shouting
distance of a YTD gain, despite trailing E*Trade Group in market share.
It must be the Stuart factor. Lending Tree rebounds from second-lowest
all-time closing price of $4.91 on Sept. 7. E Com Ventures reports Q2
net profit of $939,000, but exclude the $5.5 million gain on the sale
of shares in affiliate Envision Development Corp., and we’re looking
at a loss. At least that’s how the market sees it, for ECMV finishes
at the bottom this week.

                               E-COMMERCE ENABLERS
              
                         9/15   7-Day  7-Day   1-Month   YTD   Market
       Company          $Close $Change %Change %Change          Cap 

XCAR   XCare.net         5.69    1.88   49.2%   68.5%    N/A     92.4
CORI   Corillian        11.38    2.88   33.8%   23.8%    N/A    363.2
PRVW   Preview Systems   9.56    1.94   25.4%    9.3%  -85.4%   163.7
TANN   Tanning Tech.    16.75    3.38   25.2%    2.3%  -71.9%   352.6
NEOF   Neoforma.com      5.50    1.06   23.9%   91.3%    N/A    697.8
IMPV   ImproveNet        2.53    0.47   22.7%   44.6%    N/A     42.3
BRNC   Braun Consulting 16.88    2.75   19.5%   -8.8%  -76.6%   339.5
RETK   Retek            37.31    5.19   16.1%   47.0%  -50.9%     1.8B
GSPT   Global Sports     8.91    0.91   11.3%   11.3%  -29.9%   193.3
APNT   AppNet           54.11    5.42   11.1%   40.1%   22.4%     1.8B
AWEB   Autoweb.com       1.97    0.16    8.6%    8.6%  -82.1%    58.1
CMRC   Commerce One     67.50    4.81    7.7%   38.6%  -32.0%    10.9B
ITWO   i2 Tech.        172.00   12.00    7.5%   17.4%   74.6%    34.1B
EPAY   Bottomline       34.69    1.81    5.5%   11.9%   -4.7%   377.0
SLTC   Selectica        40.50    2.06    5.4%  -15.8%    N/A      1.5B
STCS   Software Tech.   20.88    0.63    3.1%   -0.3%    N/A      1.4B
SNHK   Sunhawk.com      16.44    0.44    2.7%   31.5%    N/A     49.5
ABTL   Autobytel.com     4.88    0.13    2.6%   -5.5%  -68.2%    99.1
CKCM   Click Commerce   34.63    0.75    2.2%   45.8%    N/A      1.3B
CYSV   Cysive            7.56   -0.06   -0.8%  -48.1%  -79.2%   211.6
PFSW   PFSweb            2.88   -0.03   -1.1%   24.3%  -92.4%    51.4
AGIL   Agile Software   71.00   -2.00   -2.7%   24.6%  -35.3%     3.3B
QSFT   Quest            57.38   -1.63   -2.8%    3.0%   11.3%     4.9B
QUOT   Quotesmith.com    2.06   -0.06   -2.9%   13.8%  -82.1%    39.7
BVSN   BroadVision      34.50   -1.06   -3.0%   23.2%  -39.8%     9.2B
OMKT   Open Market       7.94   -0.25   -3.1%   13.4%  -82.6%   369.8
FAIM   FairMarket        3.88   -0.13   -3.1%   -1.6%    N/A    109.7
DGIN   Digital Insight  24.63   -0.88   -3.4%  -11.5%  -33.0%   711.5
OPUS   Opus360           3.53   -0.16   -4.2%   34.5%    N/A    177.3
PPRO   PurchasePro.com  60.63   -3.00   -4.7%   59.8%  -56.4%     2.0B
IMNY   I-Many           12.88   -0.75   -5.5%   52.6%    N/A    411.7
ARBA   Ariba           147.00   -9.31   -6.0%    7.0%   64.0%    35.4B
BBSW   Broadbase        20.19   -1.44   -6.6%  -11.8%  -64.5%   959.2
PRTS   PartsBase.com     3.50   -0.25   -6.7%  -31.7%    N/A     49.3
ARTG   Art Technology   90.31   -6.75   -7.0%   -6.9%   39.5%     6.1B
NVDC   Navidec           7.31   -0.56   -7.1%  -17.6%  -39.7%    80.5
PCOR   pcOrder.com       5.56   -0.44   -7.3%  -11.0%  -89.2%    93.9
WEBM   webMethods       98.06   -8.00   -7.5%   -7.0%    N/A      3.2B
HCOM   HomeCom           0.66   -0.06   -8.7%  -19.3%  -79.6%     5.9
NETP   Net Perceptions  13.63   -1.38   -9.2%   26.0%  -67.9%   364.0
EPNY   E.piphany        94.94   -9.94   -9.5%   -3.1%  -57.9%     4.3B
DRIV   Digital River     6.03

   -0.66   -9.8%    8.4%  -82.1%   132.1
ROWE   Rowecom           5.41   -0.66  -10.8%   23.6%  -88.2%    55.9
FIRE   FirePond         17.50   -2.13  -10.8%    3.3%    N/A    621.1
PRSW   Persistence      15.38   -2.31  -13.1%   -2.8%  -32.4%   300.6
CYBS   CyberSource      11.56   -1.75  -13.1%   38.1%  -77.9%   300.7
ELCO   Elcom Int.        5.50   -0.88  -13.7%    1.1%  -84.0%   169.0
BTBC   b2bstores.com     1.58   -0.27  -14.4%    9.7%    N/A     13.6
USIT   U.S. Interactive  5.44   -0.94  -14.7%  -42.8%  -87.5%   141.1
ONVI   Onvia.com         5.69   -1.19  -17.3%    5.2%    N/A    459.2
CYCH   CyberCash         4.50   -1.00  -18.2%   -7.7%  -51.9%   116.4
INTW   InterWorld       16.44   -3.75  -18.6%  -17.8%  -80.9%   479.7
ITRA   Intraware         9.81   -2.31  -19.1%   35.4%  -87.9%   257.4
ORCC   Online Resources  4.56   -1.31  -22.3%  -11.0%  -72.8%    52.9
LQID   Liquid Audio      6.56   -1.94  -22.8%    N/A   -75.3%   146.9
CLIC   Calico Commerce   6.88   -2.44  -26.2%   -3.1%  -87.2%   241.2
---------------------------------------------------------------------
       E-commerce Enablers Ave.         -1.3%         

You know it’s a bad week when a sector places five stocks on the list
of 10 biggest gainers, yet finishes in the red. Customer win boosts
XCare.net to the top position among all ‘Net stocks this week. The
company announced that Advica Health Resources would use its e-commerce
software for its network of provider organization clients. Corillian,
a maker of banking and finance e-commerce software, soars in wake of a
pair of new customer wins. Digital online music distribution agreement
between Warner Music and RealNetworks benefits Preview Systems, which
will provide retail integration for the new service.

                                 SECURITY

                         9/15   7-Day   7-Day  1-Month   YTD   Market
      Company           $Close $Change %Change %Change          Cap  
  
VLCT  ValiCert           18.88   4.00   26.9%   51.8%    N/A   412.4
ISSX  Internet Security  84.00   4.94    6.2%   53.6%   16.9%    3.5B
CHKP  Check Point       151.88   5.84    4.0%   21.6%  202.5%   23.3B
CYLK  Cylink             12.50   0.23    1.9%   -4.8%   -8.4%  385.5
NETE  Netegrity          57.31  -0.19   -0.3%   -4.3%   49.4%    1.7B
AXNT  AXENT              23.25  -0.13   -0.5%   -1.3%    9.6%  672.7
ENTU  Entrust            28.13  -0.81   -2.8%   11.9%  -53.6%    1.8B
NSSI  Network-1           6.25  -0.44   -6.5%   -5.7%  -42.8%   39.1
ITRU  InterTrust         16.88  -1.31   -7.2%   21.6%  -71.6%    1.4B
LTNX  Litronic            4.75  -0.38   -7.3%  -14.6%  -41.2%   47.0
VONE  V-ONE Corp.         2.91  -0.25   -7.9%    5.7%  -51.1%   64.3
WGRD  WatchGuard         46.94  -4.75   -9.2%  -10.2%   53.5%    1.1B
RSAS  RSA Security       49.00  -5.00   -9.3%  -22.8%  -37.4%    2.0B
PILT  Pilot Network      12.38  -1.69  -12.0%   12.5%  -49.0%  186.6
--------------------------------------------------------------------
      Security Ave.                     -1.7%         

New kid on the block ValiCert leads the sector for the second straight
week. The provider of “E-transaction” security infrastructure software
is up 59% from its July 28 first-day close of $11.88. This week’s
runner-up, Internet Security Systems Group, tops the sector for the
month. A small advance puts firewall market leader Check Point
Software Technologies over the 200% mark for the year, trailing only
Juniper Networks at 247%. Pilot Network Services, a provider of
subscription-based e-business security, has been trading between
$10 and $15 per share for most of the past five months.

                             PERFORMANCE SOFTWARE

                         9/15   7-Day   7-Day  1-Month   YTD   Market
       Company          $Close $Change %Change %Change          Cap  

OTGS   OTG Software     32.19  

  7.00   27.8%    3.6%    N/A   829.3
WBSN   Websense         19.50    2.13   12.2%   43.1%    N/A   380.7
DTEC   Delano Tech.     12.50    1.31   11.7%   23.5%    N/A   376.8
CWLD   CrossWorlds      26.25    2.38    9.9%   64.1%    N/A   681.0
MONE   MatrixOne        39.63    3.06    8.4%    1.9%    N/A     1.7B
IPIX   Internet Pictures 8.50    0.50    6.3%    6.3%  -49.2%  512.9
VIAD   Viador            9.56    0.53    5.9%   -5.6%  -77.7%  170.3
TMNT   Telemate.Net      2.38    0.13    5.6%   22.5%  -85.5%   18.7
LBRT   Liberate         32.94    1.56    5.0%   93.0%  -74.6%    3.0B
EPRS   Eprise           16.31    0.69    4.4%  -12.4%    N/A   410.2
PASW   PASW              3.13    0.13    4.2%    8.7%  -45.6%   14.1
WAVO   WAVO              0.84    0.03    3.9%   35.0%  -78.4%   37.4
SSSW   SilverStream     32.25    1.00    3.2%   13.7%  -73.2%  660.6
GTHR   GetThere         17.63    0.28    1.6%  101.4%  -56.7%  589.1
RDWR   Radware          31.44    0.44    1.4%   -4.7%  -27.9%  486.3
SQSW   Sequoia Software 10.19    0.13    1.2%    7.9%    N/A   312.8
EXTN   Extensity        23.13    0.25    1.1%    2.8%    N/A   551.7
SABA   Saba Software    28.25    0.25    0.9%  -27.2%    N/A     1.2B
NSPK   NetSpeak         11.94    0.06    0.5%   11.7%  -44.4%  169.3
VATA   Versata          27.25    0.00    0.0%   18.5%    N/A     1.1B
VIGN   Vignette         36.44    0.00    0.0%   -8.5%  -33.6%    8.4B
SPRT   Support.com      29.38   -0.13   -0.4%   15.2%    N/A   987.7
IWOV   Interwoven       86.88   -2.38   -2.7%   16.6%   41.4%    4.3B
VMDC   VantageMed        1.63   -0.06   -3.7%   -8.8%    N/A    14.0
OTEX   Open Text        23.88   -1.25   -5.0%    5.2%   31.3%  483.0
NTGX   net.Genesis       7.94   -0.44   -5.2%  -31.4%    N/A   167.9
RHAT   Red Hat          24.13   -1.56   -6.1%   -3.3%  -77.4%    3.8B
FVCX   FVC.com           6.69   -0.44   -6.1%   26.6%  -43.4%  115.4
VOCL   VocalTec         15.00   -1.00   -6.3%   -6.3%  -11.4%  181.7
NTOP   Net2Phone        29.00   -1.94   -6.3%   11.3%  -37.5%    1.6B
PKSI   Primus Knowledge 25.50   -1.75   -6.4%   -4.2%  -44.3%  456.8
SWCM   Software.com    139.81   -9.69   -6.5%    5.7%   44.1%    6.9B
WEBT   WebTrends        40.84   -2.91   -6.6%   11.7%   -0.2%    1.1B
RNWK   RealNetworks     47.88   -3.63   -7.0%    7.9%  -21.2%    7.5B
SGNT   Sagent Tech.      9.13   -0.84   -8.5%  -15.1%  -69.8%  260.7
EVLV   Evolve Software  24.88   -2.38   -8.7%   55.5%    N/A   909.3
EMBT   Embarcadero      41.88   -4.08   -8.9%   16.7%    N/A     1.1B
DGV    Digital Lava      5.88   -0.68  -10.4%   -2.1%  -16.9%   42.3
SONE   S1 Corp.         16.75   -1.94  -10.4%    N/A   -78.8%  924.6
CTRA   Centra            7.81   -0.94  -10.7%    4.2%    N/A   188.8
BWEB   BackWeb          16.69   -2.06  -11.0%    5.1%  -60.8%  626.6
RWAV   Rogue Wave        5.88   -0.75  -11.3%   -8.7%  -27.3%   64.0
COBT   Cobalt Networks  46.06   -6.06  -11.6%   -5.5%  -57.9%    1.4B
TIBX   Tibco Software   89.81  -12.25  -12.0%   -6.3%   74.3%   17.0B
CLRN   Clarent          45.38   -7.50  -14.2%  -13.7%  -42.3%    1.5B
BLSW   Bluestone        19.13   -3.38  -15.0%    0.7%  -83.5%  397.3
IMAN   iManage          11.00   -2.13  -16.2%   10.0%  -66.1%  256.0
PRSF   Portal Software  46.06   -9.88  -17.7%  -17.9%  -11.4%    7.4B
NESY   NEON Systems     13.38   -3.44  -20.4%    2.9%  -66.3%  126.2
BLUE   Blue Martini     48.00  -12.88  -21.1%  -24.4%    N/A     3.3B
LOUD   Loudeye           9.44   -4.06  -30.1%  -10.1%    N/A   349.3
ALLR   Allaire          21.63   -9.55  -30.6%  -32.2%  -70.7%  589.2
---------------------------------------------------------------------
       Performance Software Ave.        -4.1%         

Lots of new blood in this group, with 18 companies having gone public
this year. Five of them head this week’s list, led by OTG Software,
a provider of online storage management and access systems. OTGS
advanced for five straight days

beginning Sept. 2 before dropping
for three consecutive days (and counting) through Thursday. Employee
Internet usage monitoring software vendor Websense picks up a
“strong buy” rating and 12-month price target of $30 per share by
First Security Van Kasper.

 
                                INTERNET SERVICES 

                        9/15    7-Day   7-Day  1-Month   YTD   Market
       Company         $Close  $Change %Change %Change          Cap
                    
SVVS   Savvis Comm.     10.00    1.13   12.7%    2.6%    N/A   929.6
VCNT   Vicinity         11.31    0.75    7.1%  -28.2%    N/A   317.7
WEBX   WebEx            44.56    1.63    3.8%   47.3%    N/A     1.6B
MAIL   Mail.com          6.53    0.19    3.0%   -6.5%  -65.5%  390.3
SAPE   Sapient          47.50    1.25    2.7%  -26.7%  -33.3%    5.6B
FUSN   Fusion Networks   1.38    0.03    2.3%    4.7%   N/A     50.9
KEYN   Keynote Systems  27.63    0.63    2.3%  -21.4%  -62.9%  764.7
VRSN   VeriSign        173.00    2.81    1.7%   11.5%  -10.3%   33.6B
BWAY   Breakaway Sol.   14.75    0.19    1.3%  -38.2%  -60.0%  664.0
HHNT   HeadHunter.NET    6.00    0.06    1.1%   -2.5%  -52.7%  111.6
LPSN   LivePerson        7.06    0.00    0.0%    6.6%    N/A    N/A
SKIL   SkillSoft        20.00   -0.19   -0.9%   35.6%    N/A   264.7
ILND   Interland         6.78   -0.09   -1.4%  -19.9%    N/A   316.7
EXDS   Exodus Comm.     61.25   -1.19   -1.9%    5.8%   36.5%   25.5B
DRTN   Data Return      23.13   -0.56   -2.4%   25.0%  -57.2%  822.2
HOTJ   HotJobs.com      18.88   -0.63   -3.2%    5.2%  -57.2%  682.2
EGAN   eGain            11.13   -0.38   -3.3%   41.3%  -70.8%  329.3
CONV   Convergent        3.81   -0.16   -3.9%   -3.9%  -76.2%  112.8
CPTH   Critical Path    65.13   -3.13   -4.6%   20.5%  -31.7%    4.2B
WNET   WHEREVER.net      3.06   -0.19   -5.8%    3.2%    N/A    78.2
ECRU   E-Cruiter.com     3.75   -0.25   -6.3%    7.1%  -47.9%   28.9
DIGX   Digex.           64.00   -4.75   -6.9%  -13.3%   -7.9%    4.1B
JPTR   Jupiter Comm.    18.31   -1.44   -7.3%  -25.6%  -40.1%  285.5
NTWO   N2H2              3.13   -0.25   -7.4%  -20.6%  -86.8%   70.3
CAVN   Cavion            4.50   -0.38   -7.7%   -7.7%  -42.5%   22.4
CLAI   Claimsnet.com     3.75   -0.31   -7.7%   81.8%  -62.9%   34.5
MDLI   MedicaLogic       5.50   -0.50   -8.3%    2.3%  -74.1%  303.8
RCOM   Register.com      9.06   -0.94   -9.4%  -43.1%    N/A   289.9
NAVI   NaviSite         41.69   -4.38   -9.5%  -19.8%  -17.5%    2.4B
WQNI   WorldQuest        4.50   -0.50  -10.0%   -4.0%    N/A    28.7
SRCH   US SEARCH.com     1.75   -0.22  -11.1%    3.7%  -76.9%   32.0
ACRU   Accrue Software  20.19   -2.69  -11.7%   -5.8%  -63.1%  590.4
KANA   Kana Comm.       32.75   -4.38  -11.8%  -13.8%  -68.4%    3.1B
EGRT   Egreetings        1.31   -0.19  -12.5%   -8.7%  -87.2%   45.9
STMP   Stamps.com        6.38   -1.00  -13.6%   56.9%  -84.8%  313.1
LIOX   Lionbridge        8.06   -1.38  -14.6%  -10.4%  -56.3%  220.2
CTCH   CommTouch        19.31   -3.31  -14.6%   10.0%  -60.6%  294.7
MRBA   Marimba          15.25   -2.63  -14.7%  -12.5%  -67.2%  357.4
ITXC   ITXC             18.44   -3.31  -15.2%   -7.8%  -45.7%  710.5
NETZ   Netzee            4.56   -0.88  -16.1%  -18.0%  -72.8%  100.5
CRIO   Corio            10.25   -2.00  -16.3%  -26.8%    N/A   497.0
IBAS   iBasis           20.44   -4.06  -16.6%   -1.5%  -29.7%  696.7
EVOK   Evoke Comm.       8.00   -1.63  -16.9%   56.1%    N/A   374.3
IPRT   iPrint.com        3.25   -0.69  -17.5%   -8.0%    N/A    97.4
HLTH   Healtheon/WebMD  15.00   -3.25  -17.8%   20.6%  -60.4%    3.3B
INIT   Interliant       10.44   -2.27  -17.8%  -29.5%  -60.3%  499.3
EQIX   Equinix          12.50   -3.00  -19.4%    1.0%    N/A   922.2
LFMN   Lifeminders      23.69   -5.81  -19.7%    7.1%  -59.4%  564.9
USIX   USinternetworking 7.50   -2.25  -23.1%  -34.8%  -84.1%  726.5
CHRD   Chordiant        11.13   -3.50  -23.9%   -1.1%    N/A   409.6
CRFH

   Crayfish          5.31   -1.72  -24.4%   -3.4%    N/A   270.3
----------------------------------------------------------------------
       Internet Services Ave.           -8.2%         

Things get really ugly from here on out, with four of the remaining
five sectors filling out the bottom slots this week. Savvis
Communications, a provider of private Internet-based network systems
and services, climbs after announcing it would build its own
fiber-optic network. Insurance industry e-marketing services provider
Vicinity lands a deal with Nationwide in which VCNT software will
be used to help direct customers to an agent. Japanese e-mail
services provider Crayfish sinks in response to stockholder
class-action lawsuit alleging the company misrepresented its
financial condition. CRFH shares closed at $132 on March 9, the day
after the company went public; since then they’re down 96%. This
baby’s been flatlining for almost three months.

 
                             ADVERTISING/MARKETING 

                          9/15  7-Day   7-Day  1-Month   YTD    Market
      Company           $Close $Change %Change %Change           Cap   

HPOL  Harris Interactive  4.63   0.75   19.4%    8.8%   -65.0%   149.4
LNTY  L90                 7.91   0.72   10.0%   10.0%     N/A    176.8
FSHP  FreeShop.com        4.25   0.38    9.7%  -10.5%   -91.2%    66.7
APLN  @Plan.Inc           5.88   0.50    9.3%    5.6%   -41.1%    66.5
TFSM  24/7 Media         13.00   0.56    4.5%    7.2%   -77.1%   462.8
DCLK  DoubleClick        38.00   0.56    1.5%   22.3%   -70.3%     4.7B
NCNT  Netcentives         9.25  -0.16   -1.7%  -18.2%   -85.3%   394.2
NTRT  NetRatings         16.50  -0.50   -2.9%  -14.3%   -66.1%   536.0
PRME  Prime Response      5.63  -0.28   -4.8%    1.1%     N/A    116.3
VCLK  ValueClick         10.38  -0.63   -5.7%   11.4%     N/A    290.6
AVEA  Avenue A            7.75  -0.50   -6.1%   -0.8%     N/A    450.1
BFRE  Be Free             5.19  -0.38   -6.7%   29.7%   -85.7%   338.3
MYPT  MyPoints.com       11.75  -0.88   -6.9%   -9.6%   -84.3%   345.3
MMXI  Media Metrix       19.00  -2.06   -9.8%  -27.6%   -47.4%   377.5
CBLT  Cobalt              4.16  -0.84  -16.9%  -18.9%   -56.1%    73.4
DIGI  Digital Impact      8.00  -1.63  -16.9%  -27.3%   -84.2%   198.3
CSAV  coolsavings.com     2.63  -0.56  -17.6%  -22.2%     N/A    102.6
MPLX  Mediaplex           9.75  -2.75  -22.0%   25.3%   -84.6%   328.1
ENGA  Engage              9.78  -2.78  -22.1%    3.6%   -67.7%     1.8B
NTCR  NetCreations       11.25  -9.50  -45.8%  -51.4%   -74.7%   174.3
-----------------------------------------------------------------------
      Advertising/Marketing Ave.        -6.6%         

Internet polling firm Harris Interactive rises on legal news: Microsoft
settles a lawsuit filed by HPOL, which alleged that Microsoft and others
were blocking access to its e-mail surveys. Now the Redmond giant will
let the surveys go through its Hotmail service. Also, Harris drops
lawsuits against other access providers, including AOL. This week’s
biggest loser across all sectors is NetCreations, which gets pounded
after the company issued a revenue warning for Q3. The culprit?
Declining spending on Internet advertising. Even some of the hardest-hit
Internet companies have had some hope since this year’s meltdown – a
mini-rally here, a surge there. Not so for Engage Technologies, whose
stock chart resembles a one-humped camel. Since the height of its hump
($92.50 on March 1), ENGA shares are down 89%. Even beleaguered
parent company CMGI has fared better.

                              CONSULTANTS/DESIGNERS

                          9/15   7-Day   7-Day  1-Month   YTD   Market
       Company           $Close Change  %Change %Change          Cap
                     
DTAS   Digitas            17.13   4.38   34.3%   -8.7%    N/A    985.3
SCNT   Scient             28.

19   5.69   25.3%  -38.8%  -67.7%     2.1B
INFT   Inforte            37.44   6.00   19.1%    7.0%    N/A    464.2
PXCM   Proxicom           21.19   2.25   11.9%  -42.0%  -66.3%     1.2B
IISX   Integrated Info.    6.38   0.63   10.9%   -1.0%    N/A    130.5
ACOM   AGENCY.COM         21.13   0.63    3.0%   -7.9%  -59.0%   752.1
VIAN   Viant               8.22   0.09    1.2%  -71.0%  -83.6%   394.1
GENI   GenesisIntermedia  15.00  -0.13   -0.8%   -0.8%  155.3%    96.9
MRCH   marchFIRST         19.25  -0.25   -1.3%  -15.8%  -64.5%     2.9B
RAZF   Razorfish          12.25  -0.19   -1.5%  -17.3%  -74.5%     1.2B
OGNC   Organic             5.00  -0.31   -5.9%  -44.1%    N/A    439.8
PECS   PEC Solutions       5.88  -0.50   -7.8%  -24.2%    N/A    130.8
PRFT   Perficient         11.75  -1.00   -7.8%   -7.8%   -8.8%    71.3
CVGP   Convergent          4.50  -0.50  -10.0%  -34.5%    N/A    195.4
LNTE   Lante Corp.         7.06  -1.31  -15.7%  -37.9%    N/A    279.0
MMPT   Modem Media         7.13  -1.56  -18.0%  -44.7%  -80.0%   174.6
LUMT   Luminant            7.06  -1.88  -21.0%   -9.6%  -84.6%   191.4
MSPR   Mainspring          9.75  -2.63  -21.2%  -32.8%    N/A    183.3
XPDR   Xpedior             4.88  -2.00  -29.1%  -56.2%    N/A    246.4
IIXL   iXL Enterprises     4.75  -2.19  -31.5%  -57.1%  -91.5%   359.6
----------------------------------------------------------------------
       Consultants/Designers Ave.        -3.3%         

Digitas, which focuses on helping bricks ‘n’ mortar companies develop
a Web presence, posts the second-best gain of all ‘Net companies this
week. Why? No idea; there are no catalysts to be seen, not even a
press release from the company in more than a month. DGAS shares
aren’t even bouncing off a new low, though last Thursday’s $12.38
close was its lowest in three months. Scient rides a forecast from
William Blair & Co. that the company will beat Q3 earnings estimates
by one cent. Xpedior and iXL Enterprises continue to pay for earnings
warnings and, in iXL’s case the departure of its CEO and a layoff of
10% of its workforce.

                                 SPEED/BANDWIDTH 

                         9/15    7-Day   7-Day  1-Month   YTD    Market
        Company         $Close  $Change %Change %Change           Cap 

CFLO  CacheFlow         115.13    7.69    7.2%   23.5%  -12.8%    4.6B
WGAT  WorldGate          22.25    1.06    5.0%   28.1%  -53.7%  482.1
COVD  Covad  Grp.        17.56    0.31    1.8%   20.1%  -53.4%    2.7B
RDWR  Radware            31.44    0.44    1.4%   -4.7%  -27.9%  486.3
RAMP  Ramp Networks       5.44    0.06    1.2%   -3.3%  -64.7%  117.8
BRCM  Broadcom          218.50   -7.38   -3.3%   -9.1%   58.8%   48.5B
CSCO  Cisco Systems      61.31   -2.94   -4.6%   -2.8%   13.3%  430.6B
INAP  InterNAP           32.00   -1.70   -5.1%    9.9%  -63.4%    4.7B
HSAC  High Speed Access   5.09   -0.28   -5.2%  -11.9%  -71.4%  283.7
JNPR  Juniper Networks  198.63  -11.06   -5.3%   19.4%  246.8%   62.6B
PKTR  Packeteer          44.00   -2.63   -5.6%   -3.3%  -38.7%    1.2B
ATHM  At Home            16.19   -1.38   -7.8%   19.4%  -62.6%    6.5B
AKAM  Akamai             63.31   -5.81   -8.4%  -15.8%  -80.9%    6.7B
NENG  Network Engines    33.88   -3.94  -10.4%   30.3%    N/A     1.2B
CAIS  CAIS Internet       7.00   -0.94  -11.8%  -26.3%  -80.5%  161.8
INKT  Inktomi           108.75  -15.06  -12.2%    2.3%   21.3%   12.4B
ATON  Alteon WebSystems 121.23  -19.02  -13.6%  -15.6%   36.7%    5.2B
SCMR  Sycamore Networks 112.69  -18.94  -14.4%  -24.3%    8.6%   27.6B
SONS  Sonus Networks    131.25  -23.25  -15.0%  -33.5%    N/A     8.0B
TERN  Terayon            42.38   -8.13  -16.1%  -19.8%   33.5%    2.6B
TUTS  Tut Systems        85.00  -16.81  -16.5%  -15.5%   56.9%    1.3B
RSNT  Resonate           33.63   -7.38  -18.0%  -12.7%    N/A   906.6
FFIV  F5 Networks        44.00  -10.50  -19.3%   -9.0%  -61.8%  946.6
IBEM  iBEAM        

       9.63   -2.63  -21.4%   -6.7%    N/A     1.0B
AVCI  Avici Systems     101.63  -28.75  -22.1%  -26.2%    N/A     4.9B
----------------------------------------------------------------------
      Speed/Bandwidth Ave.               -8.8%         

It may be, arguably, the most successful Internet sector this year,
but for the week the infrastructure group is a cellar-dwellar. And
leading the descent is fiber-optic network router vendor Avici Systems,
which went public in late July with one of the year’s most successful
IPOs. But investors have since figured out that the company is losing
money, has only two quarters of revenue behind it (for a total of
$2.7 million) and is competing against giants such as Cisco Systems,
Juniper Networks and Lucent Technologies. After bouncing off an
all-time low of $7.06 on Aug. 24, Webcasting technology provider
iBEAM Broadcasting mounted a nice two-week rally that peaked on
Sept. 5. Now it’s on the downside.

                             ISPs/ACCESS PROVIDERS

                         9/15   7-Day   7-Day  1-Month  YTD   Market
          Company       $Close $Change %Change %Change         Cap
                     
QSCG   QS Comm.         18.88    1.13    6.3%  -10.1%    N/A   962.2
FSST   FASTNET           2.50    0.13    5.3%   25.0%    N/A    37.5
LOAX   Log On America    3.13    0.06    2.0%   53.9%  -84.7%   27.5
PRGY   Prodigy           7.88    0.00    0.0%    3.3%  -59.8%  550.1
VOYN   Voyager.net       6.56    0.00    0.0%   -3.7%  -29.3%  207.7
JWEB   Juno Online       5.94   -0.06   -1.0%   -3.1%  -83.4%  230.8
TLCT   Telocity Delaware 4.31   -0.06   -1.4%   35.3%    N/A   366.0
IDTC   IDT Corp.        39.63   -1.00   -2.5%   -2.5%  107.7%    1.5B
GIGM   GigaMedia        10.44   -0.31   -2.9%  -13.5%    N/A   509.7
ZIPL   Ziplink           5.63   -0.19   -3.2%   -8.2%  -55.5%   73.0
NZRO   NetZero           3.94   -0.19   -4.5%  -16.0%  -85.5%  412.8
DDDC   Deltathree.com    6.41   -0.41   -6.0%   -3.3%  -75.4%  184.7
GEEK   Internet America  3.81   -0.25   -6.2%    3.4%  -68.1%   37.0
TRRA   Terra Networks   37.56   -2.69   -6.7%    9.5%  -32.1%   10.3B
BIZZ   Biznessonline.com 2.78   -0.22   -7.3%  -14.4%  -60.7%   25.1
ATHY   AppliedTheory     7.06   -0.56   -7.4%    1.3%  -74.8%  175.3
PNVN   PNV               1.38   -0.13   -8.3%  -21.4%  -83.4%   21.9
HANA   Hanaro Telecom    4.75   -0.44   -8.4%  -13.6%    N/A     1.3B
FREE   Freeserve        42.00   -4.00   -8.7%    6.3%  -54.8%    4.2B
IZAP   ZapME!            1.81   -0.19   -9.4%  -34.1%  -79.2%   79.7
IIJI   Internet/Japan   38.19   -4.31  -10.1%   -4.5%  -61.1%    1.7B
PSIX   PSINet           15.88   -1.88  -10.6%   -2.3%  -49.1%    3.0B
ISLD   Digital Island   26.00   -3.25  -11.1%    1.5%  -73.0%    1.8B
IGLD   Internet Gold     5.75   -0.72  -11.1%  -14.0%  -74.4%  106.0
PCNTF  Pacific Internet 13.88   -1.81  -11.6%   -0.5%  -70.7%  175.4
RMII   RMI.Net           2.13   -0.31  -12.8%  -26.1%  -74.7%   46.5
KOREA  Korea Thrunet     7.69   -1.14  -12.9%  -14.6%  -88.8%  553.2
VNWI   VIA NET.WORKS    11.25   -1.88  -14.3%  -12.6%    N/A   671.4
ELNK   EarthLink        10.81   -1.81  -14.4%   12.3%  -74.8%    1.4B
NPLI   Netpliance        4.00   -0.69  -14.7%  -27.3%    N/A   241.7
DSLN   DSL.net           4.28   -1.37  -24.3%   55.7%  -70.7%  282.0
---------------------------------------------------------------------
       ISP/Access Provider Ave.         -7.0%         

A deal to provide bandwidth to small-business customers of IBM caused
DSL.net shares to double on Aug. 22, just a week after shares hit
an all-time low closing price of $2.50. However, the euphoria was
short-lived, and shares have been sliding down steadily since. Still,
DSLN retains the top monthly gain in the group. Which probably doesn’t
mean much, since the No. 2 monthly gainer is Log On America, the
Rhode Island-based ISP headed for the discount bin. Every stock

in this group is down for the year, save one. And what an exception
it is: IDT, which has more than doubled in price this year, giving
it the fourth-best performance among all ‘Net stocks this year.
In late August, AT&T announced it would invest $75 million in IDT.

News Around the Web