The major indices all ended lower on Tuesday although stocks staged a comeback late in the day which helped the ISDEX end in positive territory.
internet.com’s Internet Stock Index was up 6.09, or 1.19 percent, to
519.12, the Nasdaq Composite had fallen 6.00 to 2,755.75 and the Dow Jones industrial average had lost 28.81 to 10,274.58.
was up 5 to 98-1/8. The company announced its fourth quarter results
yesterday, as it earned $4.74 a share. The analysts’ consensus was $4.08.
Also, CMGI announced it will take its AltaVista search engine public and purchased free-ISP 1stUp.com.
Domain registrar Network
Solutions Inc. (NSOL)
had jumped 12-11/16 to 85-1/2 on news the company, the Department of
Commerce and the Internet Corp. for Assigned Names and Numbers had resolved
the issues in their ongoing domain dispute.
(PPRO) was up 1-1/8 to 38-1/4. The company is a business-to-business
provider in the hotel industry. The company signed a deal to use Ariba’s
(ARBA) software for its community. As for Ariba, it was down 7-5/8 to
had fallen 4-1/8 to 55-3/4 despite reporting better-than-expected
earnings. Net2Phone reported a fiscal fourth-quarter loss of 10 cents a
share, excluding one-time items. Analysts had predicted a 13-cent loss.
As for other IPOs, shares of
AirGate PCS Inc. (PCSA)
soared 9-7/8 to 26-7/8. The lead underwriter was Donaldson Lufkin
Jenrette. AirGate provides digital products for the Sprint PCS Group.
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