Internets Lag Behind Techs

Internet stocks were up only slightly in midday trading Friday, amid new economic figures indicating a faster-than-expected increase in wages during January. The increase perpetuated speculation the Federal Reserve will again hike interest rates to slow down the economy.

At noon Eastern, internet.com’s Internet Stock Index had climbed 7.43, or .83 percent, to 906.28, the Nasdaq Composite was up 59.04 to 4,270.02 and the Dow Jones industrial average had added 12.72 to 11,026.16.

eBay Inc. (EBAY) had gained 4-3/8 to 169-3/8. The Justice Department is looking at eBay’s actions designed to limit access to its site from competitors, such as bots and crawlers.

Viant Corp. (VIAN) was up 6-7/8 to 106-7/8. The Internet professional services provider Thursday reported $23.7 million in sales during its latest quarter. Also, CS First Boston reiterated its “strong buy.”

Doubleclick Inc. (DCLK) was off 4-1/4 to 102-1/4. The Internet ad company Friday filed to sell another 7.5 million shares.

CNET Inc. (CNET) had gained 1/4 to 52-1/4. The Web site operator reported a loss of 40-cents a share in its latest quarter, 4 cents better than expectations.

Netcentives (NCNT) had lost 2-1/4 to 62-1/8. The company, which provides tools to Internet marketers, was giving back gains from Thursday that were the result of better-than-expected earnings.

NBC Internet Inc. (NBCI) was off 5-7/8 to 75-1/2. The company priced 4.6 million shares late Thursday that will be floated in a secondary offering.


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