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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
