Three hot Internet IPOs added fuel to the fire on Wednesday, as specific
Internet issues continued zooming ahead.
Andover.net, Agency.com, and
NetRatings contributed to the surge, despite Yahoo! putting somewhat of a
damper on the party. GoTo.com (GOTO)
was added to the ISDEX and saw its shares rally 5-1/2 higher to 92-3/16.
internet.com’s Internet Stock Index climbed 2.94, or 0.37 percent, to 796.61, the Nasdaq
Composite lost its record pace, closing down 0.84 to 3586.08 and the Dow
Jones industrial average gave up 38.53 to 11068.12.
a destination for products, news and online tools for Linux and Open Source
communities, raised $72 million after pricing 4 million shares at $18 per
share. In today’s trading, ANDN shares climbed 45-3/8, or 250 percent, to
In a note
to clients, the tandem wrote: “the $18 billion web hosting and content
delivery markets should create over $70 billion in market cap by 2003. We
expect Internet pure-plays to account for about $30 billion. Exodus is a
category killer in web hosting and network management solutions. We believe
the company is one of the best-positioned players to consolidate this market
and rapidly move upstream into value-added services.”
internet.com’s, Luke Fronefield, will host a two-part interview with VERT’s ALL NEW! internet.com’s HotWatch a monthly e-mail subscription for $99, to watch with the information you need to assess the fast-paced nature
In the business-to-business sector,
gained 43-5/16 to 213-5/16. The holding company is set to receive a $50
million investment from AT&T Corp. (T) and a
$20 million investment from Internet Assets. Shares of ICGE will split
2-for-1 on Monday.
CEO, Mark Walsh, beginning Thursday.
gave back yesterday’s gains, falling 28-3/8 to 319-5/8.
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internet.com’s, Luke Fronefield, will host a two-part interview with VERT’s
ALL NEW! internet.com’s HotWatch a monthly e-mail subscription for $99,
to watch with the information you need to assess the fast-paced nature