Despite a fall in the Nasdaq, Internet shares were able to pull-off gains
by the end of trading Thursday.
internet.com’s Internet Stock Index jumped 7.49, or 1.77 percent, to
430.67, the Nasdaq Composite was down 15.92 to 2,549.06 and the Dow Jones
industrial average was up 3.17 to 10,790.97.
America Online Inc. (AOL)
climbed 5/8 to 93. On Wednesday, the company told analysts it is on track
to meet earnings estimates for the current quarter. AOL also signed a deal
with Novell Inc. to put its Instant
Messenger software into Novell’s directory software.
All of the other sector leaders were higher as well, with Amazon.com Inc. (AMZN)
up 13/16 to 91-3/4, Ariba Inc. (ARBA)
gaining 7-1/2 to 115-3/8, [email protected] Corp. (ATHM)
jumping 3-13/16 to 39-1/4, eBay Inc.
adding 3-11/16 to 91-3/8, Verisign
jumping 5-5/8 to 78-3/4 and Yahoo!
Inc. moving up 5/16 to 128-3/8.
Modem Media Poppe Tyson (MMPT)
soared 3 to 23-1/2. The company Thursday won an $11 million contract
from General Electric Co. Modem Media will provide Internet and intranet
planning and marketing services to several GE units.
24/7 Media Inc. (TFSM)
had gained 2-1/4 to 29 after Merrill Lynch upgraded the stock to
near-term “buy” from near-term “accumulate.”
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