The damage varies depending on the sector, but details don’t much matter
during a freefall. The bottom line is that Internet stocks once again
can’t find a bottom, with all 13 sectors posting losses this week, though
some weren’t egregious.
However, it’s actually worse than it looks (if you can believe that), since
many of the big gainers this week are from the ranks of the Living Dead,
those stocks that HAVE hit bottom, usually somewhere south of $2 per share.
Make no mistake, a little bouncing around in the basement can really skew
the numbers. Example No. 1: This week’s top percentage gainer, soaring
51.6%, is online lender Mortgage.com, which a month ago announced it would
wind down its lending operations and lay off 84% of its staff. Shares are
down 99.2% this year, and MDCM’s Internet-leading gain this week results
from the stock rising to nearly 5 cents from 3 cents. Not exactly a feel-good
comeback story.
Then there’s data management software provider PASW, the runner-up this week
with a 41.2% gain. Even with that big jump, shares are only at 75 cents,
leaving the stock down 86.8% for the year.
Stepping back a bit, the mini-rally that began in late October and gave
investors visions of a belated fall run-up is now ancient history, as only
21 ‘Net tickers, or about 5%, have posted gains in the past month.
When will things turn around? Not anytime soon, I fear, given the growing
list of factors – contested election results, earnings warnings, fears about
interest-rate hikes, heavy margin calls and, perhaps most significantly,
concerns about a slowing economy – exerting tremendous downward pressure on
the market.
Maybe if the Fed later this month changes its stand on interest rates, or
even lowers them, that will help. Until there is a clear bottom, investors
should focus on some of the profitable big players that have taken hits this
fall. Companies such as America Online and eBay are at or near 52-week lows,
while Inktomi is at its cheapest price in nearly two years. There are many
other companies that stand to survive the shakeout and prosper. The real
money over the long-term comes from betting on the winners, not hoping for
miracles.
PERSONAL NOTE: This will be the final edition of Internet StockTracker.
Beginning Monday I will be writing
The Morning Report.
*Market Cap figure is in millions unless otherwise noted.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
Financial Services -1.9%
Advertising/Marketing -3.7%
Search/Portals -5.1%
Performance Software -7.1%
E-tailers -8.1%
Consultants/Designers -8.9%
Content/Communities -9.6%
Internet Services -9.6%
Speed/Bandwidth -9.7%
E-commerce Enablers -10.1%
Security -10.7%
ISPs/Access Providers -12.9%
Wireless -13.8%
TOP 10 GAINERS 7-Day % Gain Category
MDCM Mortgage.com 50.1% Financial Services
PASW PASW 41.2% Performance Software
RAMP Ramp Networks 36.7% Speed/Bandwidth
CSAV coolsavings.com 34.4% Advertising/Marketing
VCLK ValueClick 32.2% Advertising/Marketing
VCNT Vicinity 27.8% Internet Services
CFLO CacheFlow 23.0% Speed/Bandwidth
PPRO PurchasePro.com 22.7% E-Commerce Enablers
SFTY eSAFETYWORLD 22.2% E-tailers
SPLN SportsLine.com 22.2% Content/Communities
TOP 10 LOSERS 7-Day % Loss Category
VCIX Virtual Communities -75.0% Performance Software
RSNT Resonate -60.5% Speed/Ban
dwidth
ATHY AppliedTheory -60.4% ISPs/Access Providers
TUTS Tut Systems -51.8% Speed/Bandwidth
PNVN PNV -50.0% ISPs/Access Providers
HGAT HealthGate Data -45.5% Content/Communities
BYND Beyond.com -41.2% E-tailers
HCOM HomeCom -40.0% E-Commerce Enablers
VLCT ValiCert -39.8% Security
BGST BigStar Entertainment -37.5% E-tailers
********************************************************************
WIRELESS PRODUCTS/SERVICES
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
SVNX 724 Solutions 17.88 1.63 10.0% -38.0% N/A 671.3
AVGO AvantGo 5.75 0.00 0.0% N/A N/A 191.8
INSP InfoSpace 12.38 -0.25 -2.0% -50.1% -62.1% 3.6B
OPWV Openwave Systems 50.00 -2.31 -4.4% N/A N/A 8.3B
PUMA Puma Technology 7.19 -0.38 -5.0% -32.3% -76.7% 304.1
HAND Handspring 50.88 -3.13 -5.8% 69.3% N/A 6.4B
PRTH Parthus Tech. 24.00 -1.88 -7.2% -8.7% N/A 1.2B
ULCM Ulticom 30.27 -5.36 -15.0% -18.1% N/A 1.1B
PALM Palm 34.50 -6.25 -15.3% 6.6% N/A 19.5B
AETH Aether Systems 54.25 -11.63 -17.6% -38.0% 24.6% 2.1B
WFII Wireless Facil. 35.00 -7.69 -18.0% -24.7% 35.1% 1.5B
OMNY OmniSky 8.16 -1.91 -18.9% N/A N/A 531.4
IIIM i3 Mobile 3.88 -0.91 -19.0% -21.2% N/A 88.4
RIMM Research/Motion 58.25 -13.69 -19.0% 46.5% 171.0% 4.2B
IWAV interWAVE 2.91 -0.72 -19.8% -49.0% N/A 140.8
VYYO Vyyo 11.13 -3.13 -21.9% -27.3% N/A 417.6
GOAM GoAmerica 5.34 -1.66 -23.7% 6.7% N/A 274.6
GWRX Geoworks 2.25 -0.75 -25.0% -52.7% -68.3% 48.7
MCOM Metricom 7.06 -3.56 -33.5% -45.5% -75.8% 216.9
-------------------------------------------------------------------
Wireless Ave. -13.8%
Wireless online banking software provider 724 Solutions buys mobile
transaction software maker TANTAU Software for $375 million. Access
provider Metricom falls below $10 for the first time since June '99.
After dropping another $1.50 on Thursday, wireless content provider
InfoSpace is close behind.
SEARCH/PORTALS
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
GOTO GoTo.com 12.38 1.48 13.6% -52.3% -84.0% 645.9
AOL America Online 43.36 2.28 5.6% -22.1% -37.0% 100.8B
AOLA AOL/Latin Am. 5.34 0.22 4.3% -39.3% N/A 1.4B
YHOO Yahoo! 39.06 0.88 2.3% -54.7% -75.4% 21.5B
DIG Disney-Internet 5.06 0.06 1.3% -50.2% -67.6% 788.7
CHINA Chinadotcom 7.00 0.00 0.0% -63.0% -81.1% 611.6
SOHU Sohu.com 2.25 -0.19 -7.7% -44.0% N/A 70.3
ASKJ Ask Jeeves 10.19 -1.00 -8.9% -51.7% -88.6% 363.4
STRM StarMedia 4.19 -0.53 -11.3% -42.3% -85.4% 275.6
SINA SINA.com 4.88 -0.63 -11.4% -71.0% N/A 199.6
NTES Netease.com 3.75 -0.63 -14.3% -46.4% N/A 112.9
BOUT About.com 18.06 -4.06 -18.4% -50.9% -77.6% 326.1
LOOK LookSmart 4.44 -1.19 -21.1% -55.2% -75.1% 397.7
--------------------------------------------------------------------
Search/Portals Ave. -5.1%
After hitting an all-time low closing price of $10.89 on Thanksgiving
Eve, GoTo.com rebounds as high as $13.81 on Monday, but has since
drifted down to $11.38. New lows lay ahead - but the same could be
said fo
r dozens, even hundreds of 'Net stocks. America Online was
trading below $40 for a time on Thursday. AOL shares face all the
same pressures as other Internet stocks, plus the ongoing battle
with federal regulators over its planned merger with Time Warner.
CONTENT/COMMUNITIES
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
SPLN SportsLine.com 8.44 1.53 22.2% -48.6% -82.2% 222.9
QKKA Quokka Sports 1.75 0.22 14.3% -36.8% -72.0% 81.1
CNET CNET Networks 22.25 2.25 11.3% -28.6% -62.3% 1.9B
HSTM HealthStream 1.25 0.13 11.1% -5.6% N/A 25.0
HOOV Hoover's 2.75 0.25 10.0% -27.3% -44.0% 38.0
TCTY Talk City 0.38 0.03 9.1% -46.0% -96.5% 9.4
MKTW MarketWatch.com 4.63 0.38 8.8% -64.2% -88.4% 76.0
SCRM ScreamingMedia 3.38 0.19 5.9% -39.2% N/A 126.3
MPPP MP3.com 6.00 0.00 0.0% -45.7% -90.6% 409.1
WOMN Women.com 0.44 0.00 0.0% -37.5% -85.7% 20.5
KOOP drkoop.com 0.69 0.00 0.0% -28.9% -90.8% 24.0
NBCI NBC Internet 4.75 -0.06 -1.3% -31.9% -93.2% 297.0
STAD Student Advantage 3.69 -0.06 -1.7% -42.9% -80.4% 133.2
MLTX Multex.com 9.16 -0.19 -2.0% -38.1% -62.9% 278.3
HOMS Homestore.com 25.13 -0.56 -2.2% -30.6% -49.0% 2.1B
ONES OneSource 10.50 -0.25 -2.3% -18.4% -17.0% 122.7
EDGR EDGAR Online 2.38 -0.06 -2.6% -28.8% -52.0% 29.6
ARTD Artistdirect 0.59 -0.03 -5.0% -61.9% N/A 21.9
LOIS Loislaw.com 1.00 -0.06 -5.9% -70.1% -93.4% 21.0
TSCM TheStreet.com 2.50 -0.16 -5.9% -39.8% -79.1% 67.0
SWBD Switchboard 4.25 -0.50 -10.5% -17.4% N/A 104.8
VDAT Visual Data 2.06 -0.28 -12.0% -41.2% -76.3% 17.3
TGLO theglobe.com 0.38 -0.06 -14.3% -56.4% -93.1% 11.6
EWBX EarthWeb 13.00 -2.50 -16.1% -8.3% -79.2% 135.3
KNOT Knot 0.94 -0.19 -16.7% -2.3% -65.3% 13.7
INFO Infonautics 0.72 -0.16 -17.9% -41.3% -73.8% 8.8
SALN Salon.com 1.00 -0.25 -20.0% -46.7% -78.2% 13.9
IVIL iVillage 1.25 -0.31 -20.0% -72.1% -91.9% 37.1
PASA quepasa.com 0.13 -0.03 -20.0% -57.1% -96.0% 2.3
VERT VerticalNet 9.50 -2.50 -20.8% -45.0% -70.8% 817.9
DTHK DigitalThink 11.75 -3.31 -22.0% 15.0% N/A 401.2
HCEN HealthCentral.com 0.44 -0.13 -22.2% -52.2% -80.0% 19.8
IASIA Asiacontent.com 1.13 -0.38 -25.0% -59.6% N/A 38.6
LAUN Launch Media 2.81 -1.06 -27.4% -36.0% -74.5% 38.1
NETR NetRadio 0.44 -0.19 -30.0% -44.0% -88.5% 4.4
SNOW Snowball.com 0.69 -0.31 -31.3% -54.4% N/A 25.8
IMPV ImproveNet 0.42 -0.20 -32.5% -51.5% N/A 7.1
INTM internet.com 7.38 -3.75 -33.7% -35.5% -61.7% 185.1
HGAT HealthGate Data 0.38 -0.31 -45.5% -25.6% N/A 6.7
---------------------------------------------------------------------
Content/Comm. Ave. -9.6%
SportsLine.com, the CBS-owned sports news and information Web site,
is one of the oldest 'Net stocks on the board, going public in
November 1997. For the first time since those early days, SPLN is
trading below $10. The ever-idiotic Drudge Report acts as if Salon.com
is the only Internet company going down the tubes because shares are
nearly below $1. Hey Drudge, take a look at the rest of this sector.
E-TAILERS
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
S
FTY eSAFETYWORLD 1.38 0.25 22.2% -18.2% N/A 4.1
TIXX Tickets.com 0.53 0.09 21.4% N/A -90.3% 31.4
BUYX BUY.COM 1.16 0.16 15.6% -46.0% N/A 151.7
EBAY eBay 37.13 4.25 12.9% -19.7% -8.3% 10.0B
ETYS eToys 1.38 0.16 12.8% -38.6% -85.0% 167.8
PCLN priceline.com 2.56 0.28 12.3% -79.5% -88.2% 427.0
EBKR Ebookers.com 4.00 0.38 10.3% -17.8% -68.2% 68.1
AMZN Amazon.com 26.94 1.75 6.9% -46.2% -68.6% 9.6B
TMCS Ticketmaster 11.03 0.66 6.3% -46.5% -68.5% 975.0
BNBN barnesandnoble.com 2.66 0.09 3.7% -40.0% -72.7% 388.2
ROOM Hotel Network 26.63 0.88 3.4% -29.5% N/A 1.5B
LMIN Lastminute.com 5.06 0.03 0.6% -13.1% N/A 152.2
EXPE Expedia 13.44 -0.13 -0.9% -33.2% -66.8% 647.9
PPOD Peapod 2.16 -0.03 -1.4% -44.4% -88.2% 38.7
ASFD Ashford.com 1.50 -0.09 -5.9% -27.0% -77.4% 67.9
FASH Fashionmall.com 1.47 -0.09 -6.0% -14.1% -48.6% 11.0
SQST SciQuest.com 2.16 -0.16 -6.8% -61.2% -95.6% 62.5
AMEN Crosswalk.com 1.00 -0.09 -8.6% -23.1% -73.5% 7.8
INSW InsWeb 1.63 -0.16 -8.8% -1.7% -92.3% 57.2
ESTM E-Stamp 0.31 -0.03 -9.1% -52.4% -96.9% 12.5
ALOY Alloy Online 7.00 -0.75 -9.7% -9.8% -50.1% 146.3
EFTD FTD.COM 2.13 -0.25 -10.5% -25.8% -68.3% 103.4
SKDS SmarterKids.com 1.38 -0.19 -12.0% -3.5% -73.7% 28.3
CTIX Cheap Tickets 7.94 -1.25 -13.6% -27.3% -36.4% 192.4
EGGS Egghead.com 1.19 -0.19 -13.6% -32.2% -87.6% 50.3
BFLY Bluefly 1.28 -0.22 -14.6% -21.4% -71.0% 6.3
PLRX PlanetRx.com 0.16 -0.03 -16.6% -34.4% -97.5% 8.1
WBVN Webvan Group 0.81 -0.19 -18.8% -53.8% -89.9% 281.7
COOL Cyberian Outpost 1.27 -0.30 -19.0% -30.0% -66.5% 40.1
IPET Pets.com 0.25 -0.06 -20.0% -46.9% N/A 7.3
DSCM Drugstore.com 1.84 -0.48 -20.8% -44.0% -92.1% 97.9
ADBL Audible 0.47 -0.12 -21.0% -43.9% -92.7% 12.9
GDEN Garden.com 0.09 -0.03 -25.0% -75.0% -95.3% 1.7
VSHP VitaminShoppe.com 0.28 -0.09 -25.0% -41.2% -92.5% 5.7
AHWY audiohighway.com 0.19 -0.06 -25.0% -41.9% -92.8% 1.2
EMUS EMusic.com 0.69 -0.31 -31.3% -58.6% -92.0% 29.6
VSTY Varsity Group 0.22 -0.12 -36.3% -28.6% N/A 3.4
BGST BigStar Entertain 0.16 -0.09 -37.5% -59.2% -96.1% 1.6
BYND Beyond.com 0.31 -0.22 -41.2% -20.6% -88.2% 11.9
---------------------------------------------------------------------
E-tailers Ave. -8.1%
Alright, so here's the plan. We try to survive until the fourth
quarter. Then, with the excitement generated by the holiday shopping
season, our shares will soar. With a higher market cap, we can raise
more cash for marketing and branding. Take a note: Let's get that dog
Sock Puppet. He's not doing anything now. Once we can rebuild our buzz,
we'll totally own mindshare in our space. Plus, with the extra money,
we can attract future customers by once again selling our products
below cost. This could be the beginning of our great comeba-- hey, who
turned out the lights?
FINANCIAL SERVICES
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
MDCM Mortgage.com 0.05 0.02 50.1% -39.5% -86.5% 2.1
CMGI CMGI 10.88 0.81 8.1% -59.0% -87.9% 3.2B
ICGE Internet Capital 6.50 0.44 7.2% -60.7% -93.4% 1.8B
DIR DLJdirect 4.00 0.25 6.7% -33.3% -62.9%
410.6
NTBK Net.B@nk 6.81 0.38 5.8% -32.4% -48.5% 202.1
NXCD NextCard 7.94 0.19 2.4% -11.8% -70.1% 421.1
ECMV E Com Ventures 0.97 -0.03 -3.1% -13.9% -68.7% 9.6
TREE LendingTree 2.84 -0.19 -6.2% -48.3% N/A 51.3
EGRP E*TRADE 9.47 -0.66 -6.5% -35.7% -49.7% 2.8B
WITC Wit Soundview 5.38 -0.38 -6.5% -42.3% -65.6% 486.6
WEBS Web Street 1.03 -0.09 -8.3% -38.1% -85.7% 26.6
AMTD Ameritrade 8.50 -1.06 -11.1% -31.4% -34.8% 1.5B
LINE onlinetradinginc. 2.94 -0.38 -11.3% -43.0% -72.2% 33.7
DVIN divine Interventures 1.31 -0.38 -22.2% -49.5% N/A 180.4
EELN E-Loan 1.19 -0.59 -33.3% -3.6% -77.8% 62.8
----------------------------------------------------------------------
Financial Services Ave. -1.9%
We've already covered the amazing exploits of Mortgage.com at the top
of this newsletter. Then there's rival E-Loan, which announced on
Nov. 15 it would offer "no lending fee" mortgage loans. Yes, I know
what that means, and so does the market, which has since pushed EELN
shares down more than 50%.
E-COMMERCE ENABLERS
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PPRO PurchasePro.com 14.88 2.75 22.7% 30.4% -36.3% 957.9
TANN Tanning Technology 4.88 0.88 21.9% -57.7% -88.2% 102.6
BRNC Braun Consulting 5.88 0.88 17.5% -27.2% -79.6% 118.2
INTW InterWorld 1.38 0.13 10.0% -80.8% -96.8% 40.1
NETP Net Perceptions 3.03 0.25 9.0% -63.9% -88.2% 81.0
SNHK Sunhawk.com 10.25 0.63 6.5% -31.3% N/A 30.8
PRTS PartsBase.com 2.75 0.13 4.8% -2.2% N/A 38.7
ARTG Art Technology 33.94 1.50 4.6% -16.5% 32.5% 2.3B
DDDC Deltathree.com 1.88 0.06 3.4% -46.0% -86.5% 54.0
DGIN Digital Insight 16.00 0.38 2.4% -14.5% -25.9% 462.3
CYSV Cysive 6.63 0.06 1.0% -3.6% -79.8% 185.4
PCOR pcOrder.com 6.25 0.00 0.0% -36.2% -93.2% 105.5
CKCM Click Commerce 26.75 -0.06 -0.2% 0.8% N/A 1.0B
QUOT Quotesmith.com 0.84 -0.03 -3.6% -12.5% -83.3% 16.2
NEOF Neoforma.com 1.69 -0.06 -3.6% -50.3% N/A 214.1
CMRC Commerce One 31.00 -1.31 -4.1% -6.2% -28.3% 5.9B
EPNY E.piphany 39.00 -2.06 -5.0% -16.0% -66.3% 1.8B
CYCH CyberCash 1.66 -0.09 -5.4% -52.5% -75.7% 42.8
ELCO Elcom Int. 2.00 -0.13 -5.9% -24.7% -87.5% 61.4
AWEB Autoweb.com 0.41 -0.03 -7.1% -38.2% -89.4% 12.0
FIRE FirePond 7.39 -0.61 -7.6% -48.0% N/A 262.8
BTBC b2bstores.com 1.50 -0.13 -7.7% -16.7% N/A 12.9
RETK Retek 23.31 -2.31 -9.0% -4.8% -39.4% 1.1B
PRSW Persistence 7.13 -0.75 -9.5% -39.3% -56.2% 139.3
CLIC Calico Commerce 1.63 -0.19 -10.3% -52.5% -94.0% 57.0
GSPT Global Sports 8.84 -1.09 -11.0% -17.2% -39.9% 191.9
NVDC Navidec 2.38 -0.31 -11.6% -14.5% -46.7% 26.2
BVSN BroadVision 24.31 -3.31 -12.0% -19.2% -50.0% 6.5B
FAIM FairMarket 1.25 -0.19 -13.0% -42.9% N/A 35.4
WEBM webMethods 66.78 -10.09 -13.1% -31.4% N/A 3.1B
PFSW PFSweb 0.81 -0.13 -13.3% -44.2% -95.6% 14.5
CYBS CyberSource 3.44 -0.53 -13.4% -37.8% -84.9% 119.6
LQID Liquid Audio 4.31 -0.69 -13.8% -36.3% -83.2% 96.5
CORI Corillian 10.94 -1.75 -13.8% 12.3% N/A 349.2
ONVI Onvia.com 1.56 -0.25 -13.8% -52.9% N/A 126.2
ARBA Ariba 57.88 -10.25 -15.0% -18.1% 55.9% 13.9B
ITWO i2 Technologies 90.44 -16.19 -15.2% -1.2% 101.0% 17.9B
ITRA Intraware 3.38 -0.63 -15.6% -45.6% -93.1% 88.5
DRIV Digital River 3.84 -0.72 -15.8% -41.4% -88.2% 84.2
OMKT Open Market 1.66 -0.31 -15.9% -63.4% -93.6% 77.2
PRVW Preview Systems 3.13 -0.63 -16.7% -57.2% -93.5% 53.5
SLTC Selectica 21.13 -4.25 -16.7% -20.3% N/A 759.1
ABTL Autobytel.com 2.88 -0.63 -17.9% 32.4% -57.0% 58.4
AGIL Agile Software 39.56 -8.94 -18.4% -18.9% -35.8% 1.8B
BBSW Broadbase Software 5.94 -1.44 -19.5% -34.5% -78.2% 282.1
ROWE Rowecom 1.16 -0.28 -19.6% -46.2% -93.7% 14.3
XCAR XCare.net 7.00 -1.75 -20.0% -18.4% N/A 113.8
EPAY Bottomline 20.31 -5.50 -21.3% -1.8% 4.7% 261.2
ORCC Online Resources 2.88 -0.78 -21.4% 4.7% -73.0% 33.3
QSFT Quest Software 28.81 -9.00 -23.8% 7.2% 14.6% 2.5B
IMNY I-Many 14.00 -4.44 -24.1% 23.3% N/A 447.6
ZNGN Zengine 8.13 -3.00 -27.0% N/A N/A 133.8
USIT U.S. Interactive 0.41 -0.16 -27.8% -71.9% -97.2% 10.5
IMPV ImproveNet 0.42 -0.20 -32.5% -51.5% N/A 7.1
OPUS Opus360 0.59 -0.34 -36.7% -49.0% N/A 29.8
HCOM HomeCom 0.09 -0.06 -40.0% -40.0% -87.2% 0.8
---------------------------------------------------------------------
E-commerce Enablers Ave. -10.1%
E-marketplace operator PurchasePro.com rides a one-day spike to the
top of the sector, edging out e-commerce integration software and
services provider Tanning Technology, which is coming off an all-time
low close of $4 per share on Nov. 22. Homecom, a provider of Web
services and software for the financial services industry, announces
it will cut 28% of its workforce and "explore strategic options"
(pray for a buyer).
SECURITY
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ALDN Aladdin Knowledge 4.88 0.38 8.3% -36.9% -55.6% 55.2
LTNX Litronic 4.63 0.13 2.8% -21.1% -49.0% 45.7
VONE V-ONE 1.25 0.00 0.0% -46.4% -74.5% 27.6
CHKP Check Point Software 103.00 -1.44 -1.4% -6.0% 107.2% 15.8B
WGRD WatchGuard 25.75 -0.63 -2.4% -24.6% 29.3% 620.3
AXNT AXENT Technologies 16.88 -0.81 -4.6% -5.4% 7.2% 488.3
RSAS RSA Security 40.50 -2.94 -6.8% 10.4% -22.8% 1.7B
NSSI Network-1 Security 3.00 -0.25 -7.7% -34.0% -61.0% 18.8
CYLK Cylink 3.31 -0.31 -8.6% -41.9% -45.6% 102.1
ISSX Internet Security 72.13 -8.38 -10.4% 8.4% 31.9% 3.0B
ENTU Entrust Technologies 16.25 -3.19 -16.4% -20.0% -61.0% 1.0B
PILT Pilot Network 1.50 -0.38 -20.0% -45.6% -72.2% 22.6
NETE Netegrity 40.00 -10.81 -21.3% 0.8% 59.9% 1.2B
ITRU InterTrust 5.38 -2.56 -32.3% -62.6% -88.7% 463.2
VLCT ValiCert 6.63 -4.38 -39.8% -19.3% N/A 146.7
--------------------------------------------------------------------------
Security Ave. -10.7%
It didn't do much this week, but the Security sector continues to have the
highest percentage of gainers among all 'Net groups, with five tickers
above water for the year. ValiCert is down 44% from its July 28 opening-day
close, and 74% from its high close of $25.25 set on Sept. 21.
PERFORMANCE SOFTWARE
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PASW PA
SW 0.75 0.22 41.2% -45.6% -70.7% 3.4
FVCX FVC.com 1.75 0.28 19.1% -62.2% -80.2% 30.2
SVCW ServiceWare 3.50 0.50 16.7% -45.7% N/A 82.4
NTOP Net2Phone 13.63 1.50 12.4% -27.6% -56.9% 755.5
PKSI Primus Knowledge 7.00 0.50 7.7% -73.9% -87.4% 125.4
WEBT WebTrends 27.38 1.81 7.1% -33.3% -31.5% 717.1
OTGS OTG Software 18.13 1.13 6.6% 32.2% N/A 467.0
BWEB BackWeb 7.66 0.34 4.7% -55.7% -83.5% 287.5
IMAN iManage 3.25 0.13 4.0% -61.3% -86.9% 75.6
RNWK RealNetworks 13.94 0.38 2.8% -48.4% -60.8% 2.2B
BLSW Bluestone 16.50 0.44 2.7% -19.5% -85.2% 342.8
SGNT Sagent Technology 2.88 0.06 2.2% -70.9% -90.7% 82.1
SSSW SilverStream 18.38 0.31 1.7% -5.2% -78.3% 376.4
NESY NEON Systems 6.13 0.00 0.0% -39.5% -79.0% 57.8
TMNT Telemate.Net 1.13 0.00 0.0% -44.1% -91.0% 8.9
MONE MatrixOne 11.88 -0.06 -0.5% -16.5% N/A 505.9
COBT Cobalt Networks 39.69 -0.25 -0.6% -3.7% -44.7% 1.2B
NSPK NetSpeak 5.50 -0.06 -1.1% -42.9% -66.4% 78.0
CLRN Clarent 13.69 -0.19 -1.4% -15.1% -54.3% 456.2
AVSR Avistar 5.63 -0.13 -2.2% -16.5% N/A 141.2
ALLR Allaire 5.50 -0.16 -2.8% -31.3% -89.6% 149.9
NTGX net.Genesis 3.13 -0.09 -2.9% -3.8% N/A 66.1
RHAT Red Hat 6.53 -0.25 -3.7% -35.7% -86.1% 1.0B
PRSF Portal Software 6.50 -0.25 -3.7% -28.8% -35.6% 1.1B
VOCL VocalTec 5.50 -0.31 -5.4% -33.2% -43.5% 66.6
VIGN Vignette 16.94 -1.00 -5.6% -13.8% -43.7% 3.9B
IPIX Internet Pictures 2.00 -0.13 -5.9% -74.4% -86.0% 120.7
DTEC Delano Technology 9.75 -0.75 -7.1% 11.4% N/A 293.9
MNDO Mind C.T.I. 8.00 -0.63 -7.2% -27.3% N/A 160.9
TIBX Tibco Software 40.88 -3.25 -7.4% -2.0% 47.0% 7.9B
OBAS Optibase 10.94 -0.88 -7.4% -28.1% -58.1% 116.3
SABA Saba Software 16.75 -1.38 -7.6% 7.0% N/A 735.8
VMDC VantageMed 1.44 -0.13 -8.0% -4.4% N/A 12.4
SONE S1 Corp. 5.97 -0.59 -9.0% -39.7% -87.0% 329.5
BLUE Blue Martini 17.13 -1.88 -9.9% -10.5% N/A 1.2B
RWAV Rogue Wave 4.13 -0.50 -10.8% -10.8% -29.4% 44.9
EXTN Extensity 8.94 -1.19 -11.7% -32.8% N/A 213.2
EPRS Eprise 3.50 -0.50 -12.5% -73.3% N/A 88.0
WBSN Websense 13.00 -2.00 -13.3% 3.9% N/A 253.8
LBRT Liberate Tech. 11.00 -1.75 -13.7% -14.4% -80.7% 1.1B
SMPL SimPlayer.com 1.13 -0.19 -14.3% -47.5% 24.4% 10.2
WAVO WAVO 0.25 -0.05 -15.8% -31.8% -86.8% 11.1
CTRA Centra Software 5.63 -1.13 -16.7% -28.9% N/A 135.9
OTEX Open Text 19.50 -3.94 -16.8% -20.5% 14.1% 394.5
EMBT Embarcadero 28.31 -6.81 -19.4% 17.9% N/A 745.9
IWOV Interwoven 48.19 -11.81 -19.7% 1.5% 91.5% 2.4B
EVLV Evolve Software 7.56 -1.94 -20.4% -33.2% N/A 276.4
CWLD CrossWorlds 4.50 -1.44 -24.2% -30.7% N/A 116.7
SQSW Sequoia Software 2.50 -0.84 -25.2% -37.3% N/A 76.8
VIAD Viador 1.88 -0.69 -26.8% -46.3% -87.3% 33.4
LOUD Loudeye 2.25 -1.00 -30.8% -54.9% N/A 83.3
VSTY Varsity Group 0.22 -0.12 -36.3% -28.6% N/A 3.4
VCIX VCIX 0.02 -0.05 -75.0% -49.9% -85.3% 0.3
----------------------------------------------------------------------
Performance Software Ave. -7.1%
VCIX, formerly known as Virtual Communities, is close
to being really
virtual. The company has failed to secure financing, resulting in
the layoff of more than half its staff. The good news is that shares
rise 50% on Thursday to 3 cents. Among the big caps, RealNetworks
posts a slight gain, but the departure of its COO may not bolter
the confidence of investors.
INTERNET SERVICES
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VCNT Vicinity 2.88 0.63 27.8% -14.4% N/A 80.7
LPSN LivePerson 1.25 0.22 21.2% -68.1% N/A 36.8
MAIL Mail.com 1.25 0.16 14.3% -32.4% -77.0% 74.7
IBAS iBasis 4.94 0.56 12.9% -50.3% -64.7% 168.3
CTCH CommTouch 8.69 0.50 6.1% -26.7% -69.2% 132.6
EGAN eGain 3.09 0.13 4.2% -34.3% -80.4% 110.5
EXDS Exodus 23.69 0.25 1.1% -43.5% -14.7% 9.9B
KANA Kana 14.88 0.13 0.8% -45.0% -81.5% 1.4B
ACRU Accrue Software 2.31 0.00 0.0% -48.7% -83.0% 67.6
CLAI Claimsnet.com 3.13 0.00 0.0% -43.3% -76.9% 28.7
DRTN Data Return 5.94 0.00 0.0% -35.6% -70.1% 211.1
DIGX Digex 23.25 -0.06 -0.3% -15.6% -24.5% 1.5B
INIT Interliant 6.17 -0.11 -1.7% -45.4% -79.1% 295.2
IPRT iPrint.com 1.44 -0.03 -2.1% -36.0% N/A 43.1
WQNI WorldQuest 2.63 -0.06 -2.3% -1.7% N/A 16.7
CRIO Corio 3.56 -0.13 -3.4% -57.8% N/A 172.7
USIX USinternetworking 2.94 -0.13 -4.1% -50.0% -90.7% 284.5
HHNT HeadHunter.NET 7.25 -0.38 -4.9% -8.2% -51.8% 134.8
VRSN VeriSign 80.75 -4.31 -5.1% -15.8% -9.7% 15.7B
HLTH WebMD 7.75 -0.44 -5.3% -27.7% -72.1% 1.7B
EVOK Evoke 2.00 -0.13 -5.9% -37.5% N/A 93.6
SKIL SkillSoft 15.00 -1.00 -6.3% -9.2% N/A 198.8
RCOM Register.com 6.00 -0.50 -7.7% -23.8% N/A 191.9
ITXC ITXC Corp. 6.91 -0.66 -8.7% -34.4% -66.0% 266.1
SAPE Sapient 18.25 -1.81 -9.0% -14.5% -42.9% 2.2B
STMP Stamps.com 2.56 -0.31 -10.9% -50.0% -92.2% 125.8
EGRT Egreetings 0.25 -0.03 -11.1% -45.7% -93.6% 8.8
HOTJ HotJobs.com 11.94 -1.56 -11.6% -24.6% -67.6% 431.4
FUSN Fusion Networks 0.44 -0.06 -12.5% -21.0% N/A 16.2
LFMN Lifeminders 6.50 -0.94 -12.6% -63.1% -82.0% 155.0
KEYN Keynote Systems 18.00 -2.75 -13.3% -26.3% -71.0% 498.2
WNET WHEREVER.net 1.69 -0.28 -14.3% -40.4% N/A 41.7
MRBA Marimba 5.38 -0.94 -14.9% -63.3% -87.0% 126.0
CHRD Chordiant Software 2.94 -0.56 -16.1% -32.9% N/A 108.1
MDLI MedicaLogic 2.31 -0.50 -17.8% -31.9% -84.8% 127.7
CLKS click2learn.com 11.69 -2.69 -18.7% 1.5% 22.9% 197.1
EQIX Equinix 4.88 -1.13 -18.8% -30.6% N/A 359.6
BWAY Breakaway Sol. 2.50 -0.63 -20.0% -51.8% -82.9% 112.5
NTWO N2H2 0.50 -0.13 -20.0% -31.8% -91.3% 11.2
CONV Convergent 1.78 -0.47 -20.8% -13.6% -75.6% 52.7
SRCH US SEARCH.com 0.44 -0.13 -22.2% -44.7% -88.2% 8.0
ILND Interland 2.88 -0.88 -23.3% -26.3% N/A 134.3
CPTH Critical Path 21.44 -6.75 -23.9% -34.1% -45.4% 1.4B
CAVN Cavion Tech. 1.38 -0.44 -24.1% -35.6% -58.7% 6.8
NAVI NaviSite 2.97 -1.03 -25.8% -75.2% -79.0% 167.8
NETZ Netzee 1.00 -0.38 -27.3% -16.2% -74.6% 22.0
WEBX WebEx 20.31 -8.13 -28.6% 29.2% N/A 733.8
LIOX Lionbridge Tech. 5.44 -2.56 -32.0% -13.2% -56.0% 148.5
ECRU E-Cruiter.com 2.06 -1.06 -34.0% -24.6% -56.1% 15.9
SVVS Savvis 1.31 -0.69 -34.4% -50.0% N/A 122.0
--------
------------------------------------------------------------
Internet Services Ave. -9.6%
Marketing infrastructure services provider Vicinity bounces off a
new bottom of $2.25 on Nov. 22, but it's headed below that soon
enough. (Hey, didn't I just write the same thing about another
company? Oh, the monotony of it all!) The big dog of this group,
VeriSign, announces a deal with Microsoft and WebMethods to develop
software for simplifying digital signatures. Also, Credit Suisse
First Boston said VRSN could top performance estimates for the
current quarter.
ADVERTISING/MARKETING
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
CSAV coolsavings.com 1.34 0.34 34.4% -37.8% N/A 52.5
VCLK ValueClick 4.88 1.19 32.2% -56.2% N/A 136.5
DCLK DoubleClick 13.56 1.44 11.9% -74.8% -91.2% 1.7B
ENGA Engage 1.97 0.19 10.5% -53.7% -85.7% 354.0
MPLX Mediaplex 1.28 0.06 5.1% -54.5% -95.0% 43.1
APLN @Plan.Inc 7.38 0.00 0.0% -38.2% -56.6% 83.4
NTRT NetRatings 15.00 0.00 0.0% 8.0% -61.7% 487.3
BFRE Be Free 2.63 -0.09 -3.4% -36.5% -91.1% 171.2
NTCR NetCreations 5.81 -0.25 -4.1% -57.3% -89.6% 90.1
HPOL Harris Interactive 3.00 -0.25 -7.7% -18.9% -68.8% 102.6
TFSM 24/7 Media 1.38 -0.13 -8.3% -56.1% -90.4% 48.9
MYPT MyPoints.com 1.50 -0.19 -11.1% -71.1% -96.8% 44.1
CBLT Cobalt Group 2.75 -0.38 -12.0% -38.6% -68.8% 48.6
LNTY L90 3.88 -0.63 -13.9% -22.9% N/A 86.7
NCNT Netcentives 3.50 -0.59 -14.5% -3.3% -85.8% 149.1
PRME Prime Response 2.19 -0.56 -20.5% -38.5% N/A 45.2
AVEA Avenue A 1.97 -0.91 -31.5% -57.1% N/A 114.3
DIGI Digital Impact 2.38 -1.16 -32.7% -39.7% -88.9% 58.9
----------------------------------------------------------------------
Advertising/Marketing Ave. -3.7%
First, the Sock Puppet. The next animal branding symbol to get a pink
slip could be that coolsavings.com pig with the shades. Ad services
market leader DoubleClick shows a rare advance, but the fun may not
last. On Friday, CNBC reported that SG Cowen is cutting 2001 revenue
estimates for the company to $660 million from $704 million.
CONSULTANTS/DESIGNERS
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close Change %Change %Change Cap
PECS PEC Solutions 7.00 0.63 9.8% -6.8% N/A 155.9
IIXL iXL Enterprises 1.16 0.09 8.8% -49.4% -95.1% 87.5
LNTE Lante Corp. 2.00 0.06 3.2% -40.6% N/A 79.0
ACOM AGENCY.COM 5.91 0.06 1.1% -39.5% -76.3% 210.3
GENI GenesisIntermedia 18.19 0.19 1.0% 0.4% 182.0% 117.5
PXCM Proxicom 6.34 0.06 1.0% -51.0% -80.8% 358.0
VIAN Viant 3.94 0.00 0.0% -10.8% -86.9% 188.8
CVGP Convergent Group 7.88 -0.06 -0.8% 76.7% N/A 341.9
INFT Inforte Corp. 21.00 -1.19 -5.4% -26.4% N/A 264.0
PRFT Perficient 9.75 -0.75 -7.1% 9.5% 11.0% 59.2
SCNT Scient Corp. 7.00 -0.69 -8.9% -40.1% -79.9% 512.7
LUMT Luminant Worldwide 1.00 -0.13 -11.1% -66.7% -95.7% 27.1
DTAS Digitas 5.88 -0.88 -13.0% -18.0% N/A 338.0
XPDR Xpedior 1.03 -0.16 -13.2% -57.8% -92.7% 52.1
MRCH marchFIRST 1.44 -0.31 -17.9% -42.2% -78.8% 215.9
RAZF Razorfish 2.64 -0.61 -18.8% -61.6% -89.1% 250.9
MSPR Mainspring 3.13 -0.75 -19.4% -41.9% N/A 58.8
MMPT Modem
Media 4.31 -1.44 -25.0% -38.5% -87.6% 105.7
IISX Integrated Info. 1.09 -0.47 -30.0% -49.0% N/A 22.4
OGNC Organic 2.25 -1.13 -33.3% -38.7% N/A 197.9
---------------------------------------------------------------------
Consultants/Designers Ave. -8.9%
This sector once boasted a number of billion-dollar caps. No more.
Among the main shrinkage victims is marchFIRST, which warns this
week that it will miss Q4 revenue and earnings estimates. Prudential
Securities reiterates a "strong buy" for both Scient and AGENCY.COM,
while putting "holds" on MRCH and Razorfish.
SPEED/BANDWIDTH
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
RAMP Ramp Networks 4.19 1.13 36.7% 91.0% -86.6% 90.7
CFLO CacheFlow 46.52 8.70 23.0% -3.0% 3.3% 1.8B
FFIV F5 Networks 27.25 2.00 7.9% -30.9% -73.7% 586.2
INAP InterNAP 11.38 0.63 5.8% -45.3% -78.3% 1.7B
SONS Sonus Networks 24.00 0.59 2.5% -29.1% N/A 4.4B
CSCO Cisco Systems 51.69 1.13 2.2% -12.0% 10.9% 364.0B
COSN Cosine 13.31 0.19 1.4% N/A N/A 1.3B
PKTR Packeteer 13.50 0.13 0.9% -56.8% -67.8% 367.3
NENG Network Engines 7.00 0.06 0.9% -17.3% N/A 239.2
JNPR Juniper Networks 115.75 -3.88 -3.2% 9.2% 340.2% 36.5B
AKAM Akamai 30.94 -1.19 -3.7% -20.7% -83.7% 3.3B
INKT Inktomi 27.19 -1.19 -4.2% -34.3% -0.9% 3.1B
HSAC High Speed Access 1.94 -0.19 -8.8% -46.5% -85.3% 107.9
AVCI Avici Systems 19.75 -2.00 -9.2% -23.0% N/A 948.2
RDWR Radware 16.94 -1.88 -10.0% -20.1% -39.9% 268.5
TERN Terayon 12.75 -2.00 -13.6% -9.3% 42.1% 792.2
SCMR Sycamore Networks 46.75 -7.69 -14.1% -25.9% -16.2% 11.4B
BRCM Broadcom 95.00 -16.13 -14.5% -4.7% 79.2% 21.1B
ATHM At Home 6.06 -1.06 -14.9% -43.1% -76.6% 2.4B
IBEM iBEAM 2.31 -0.81 -26.0% -29.1% N/A 250.5
WGAT WorldGate 7.34 -2.66 -26.6% -29.2% -59.1% 159.1
COVD Covad 2.00 -0.75 -27.3% -42.0% -74.9% 309.7
CAIS CAIS Internet 1.03 -0.59 -36.5% -12.8% -81.8% 23.8
TUTS Tut Systems 10.69 -11.50 -51.8% -35.8% 5.3% 167.0
RSNT Resonate 13.00 -19.88 -60.5% 24.0% N/A 350.5
---------------------------------------------------------------------
Speed/Bandwidth Ave. -9.7%
After spending a good part of October below $2 per share, Ramp
Networks has clawed its way back over $4 (though it slipped to $3.75
on Thursday). CacheFlow bounces back after being punished last week
for failing to meet Q2 sales growth forecasts. Competing caching
server software provider Inktomi tries to halt share slide by
announcing on Tuesday that it expects to meet quarterly forecasts.
ISPs/ACCESS PROVIDERS
11/29 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PSIX PSINet 1.25 0.09 8.1% -42.2% -79.5% 237.6
QSCG QS Comm. AG 6.38 0.38 6.3% -30.4% N/A 325.0
NZRO NetZero 1.38 0.06 4.8% -45.5% -92.4% 168.3
KOREA Korea Thrunet 4.38 0.19 4.5% -36.2% -92.6% 314.8
VNWI VIA NET.WORKS 6.50 0.13 2.0% -30.6% N/A 387.9
AGCX Asia Global 4.50 0.00 0.0% N/A N/A 2.4B
JWEB Juno Online 2.31 -0.03 -1.3% -48.3% -91.2% 89.9
LOAX Log On America 1.03 -0.03 -2.9% -26.0% -88.1% 9.1
RMII RMI.Net 1.00 -0.03 -3.0% -46.8% -86.5% 21.9
ELNK EarthLink 6.81 -0.28 -4.0% -37.0% -83.4% 851.1
FREE Freeserve 20.00 -1.00 -4.8% -35.9% -70.1% 2.0B
GEEK Internet America 1.09 -0.09 -7.9% -54.5% -85.6% 10.6
NPLI Netpliance 1.00 -0.09 -8.6% -48.7% N/A 60.4
IDTC IDT Corp. 25.88 -2.63 -9.2% -17.8% 80.2% 954.1
TLCT Telocity Delaware 1.94 -0.22 -10.1% -54.4% N/A 164.4
ISLD Digital Island 5.06 -0.84 -14.3% -46.2% -84.9% 352.8
HANA Hanaro Telecom 3.00 -0.50 -14.3% 11.0% N/A 792.0
IGLD Internet Gold 2.25 -0.44 -16.3% -46.9% -84.4% 41.5
DSLN DSL.net 1.00 -0.20 -16.9% -35.7% -78.8% 65.9
GIGM GigaMedia 3.06 -0.69 -18.3% -29.9% N/A 149.5
IZAP ZapME! 1.16 -0.28 -19.6% N/A -75.5% 52.2
PRGY Prodigy 2.50 -0.63 -20.0% -45.6% -74.0% 174.6
PCNTF Pacific Internet 3.00 -0.91 -23.2% -61.1% -88.3% 37.9
IIJI Internet-Japan 11.00 -3.50 -24.1% -21.0% -65.3% 494.6
FSST FASTNET 0.34 -0.19 -35.3% -16.0% N/A 5.2
IAWK Iasiaworks 4.38 -2.50 -36.4% -28.1% N/A 171.9
PNVN PNV 0.13 -0.13 -50.0% -44.4% -91.7% 2.0
ATHY AppliedTheory 1.19 -1.81 -60.4% -36.8% -82.3% 29.5
---------------------------------------------------------------------
ISP/Access Provider Ave. -12.9%
Am I glad this is the end. Just as it is the end (or near, anyway)
for truck-stop 'Net access provider PNV, which now sports a market
cap of $2 million. Meanwhile, PSINet floats to the top of the group
this week, even as if fights off shareholder class-action lawsuits.
DSL.net says it will lay off 28% of its employees to cut costs. An
appropriate way to wrap up and sign off. See you Monday morning at
The Morning Report.
