Critics of Internet IPOs say they pop and drop. Well, not quite. And fans
of those who didn’t get in at the IPO price should take note: IPODEX shows
that this group is up 120% from after-IPO lows.
This basket ended April 8
20% off all-time highs with MarketWatch (NASDAQ:MKTW – news) off the most from
highs, down 38%.
Since March 25 these stocks posted 18% gains led by
WebTrends (NASDAQ:WEBT – news) with a 60% rocketship.
Check the stats:
Company |
Stock |
8-Apr |
Percent |
Change from |
8-Apr |
High % |
8-Apr |
Low % |
name |
Symbol |
close |
change vs. 3/25 |
IPO |
% of high |
vs. IPO |
% difference/low |
vs. IPO |
MarketWatch |
MKTW |
$ 81.00 |
18% |
376% |
-38% |
665% |
45% |
229% |
Healtheon |
HLTH |
$ 52.13 |
40% |
552% |
-14% |
659% |
140% |
172% |
Verticalnet |
VERT |
$ 112.00 |
3% |
600% |
-13% |
706% |
222% |
117% |
Allaire |
ALLR |
$ 57.13 |
2% |
186% |
-20% |
256% |
68% |
70% |
Pacific Internet |
PCNTF |
$ 64.00 |
40% |
276% |
-27% |
418% |
144% |
54% |
Prodigy |
PRGY |
$ 38.75 |
3% |
158% |
-23% |
238% |
94% |
33% |
Vignette |
VIGN |
$ 78.00 |
9% |
311% |
-13% |
374% | 109% |
96% |
WebTrends |
WEBT |
$ 72.00 |
60% |
454% |
-1% |
461% |
227% |
69% |
TOTAL |
$ 555.00 |
18% |
344% |
-20% |
454% |
120% |
102% |
|
AVERAGE |
$ 69.38 |
18% |
344% |
-20% |
454% |
120% |
102% |
|
MEDIAN |
$ 68.00 |
33% |
312% |
-15% |
388% |
126% |
83% |
Moves behind the moves:
Network Computing magazine.
Net users. Says that Spanish speakers buy computers at twice the rate of
English speakers. I believe this market may be getting ripe for such a
service and applaud Prodigy’s efforts. No surprise though given its Mexican
majority ownership.
provider with 8,000 employees in the U.S. and in 26 countries, to use
Healtheon’s Web-based benefits management service.