Investor enthusiasm for Microsoft Corp. was driving technology stocks higher Monday, despite Friday’s setback in the government’s landmark antitrust trial. Money also continued to pour into several B2B Net stocks that were especially hit hard during recent bouts of selling.
At noon Eastern, internet.com’s Internet Stock Index was up 27.21, or 3.51 percent, to 801.78, the Nasdaq Composite had climbed 115.55 to 3,976.21 and the Dow Jones industrial average had climbed 94.01 to 10,827.92.
Leaders in positive territory included Ariba Inc. (ARBA), jumping 8-9/16 to 82-3/4, Broadcom Corp. (BRCM), up 8-1/4 to 180-5/8, CMGI Inc. (CMGI), adding 2-15/16 to 74-3/16, CNET Inc. (CNET), rising 4-7/16 to 39, Exodus Communications Inc. (EXDS), up 6-3/8 to 94-13/16 and Vignette Inc. (VIGN), rising 4-5/16 to 52-1/2.
MP3.com Inc. (MPPP) was up 1-5/32 to 8-5/32 after Friday’s steep losses. The company Monday teamed with LookSmart to provide content for the portal’s new MP3 section.
Safeguard Scientifics (SFE) had jumped 6-1/4 to 48-3/8. The incubator for Internet infrastructure companies Monday received another $100 million from IBM Corp. and Compaq Computer Corp.
About.com Inc. (BOUT) had soared 13-3/16 to 47-1/2. Shares continued to benefit from the company’s better than expected quarterly results.
Inktomi Corp. (INKT) was up 7-5/8 to 161-9/16. The company is hosting a briefing for investors Thursday.
Homestore.com (HOMS) had jumped 4-7/8 to 23-1/8. The online real estate portal Monday signed a five-year alliance with America Online Inc. (AOL).
Entrust Technologies Inc. (ENTU) was up 4-9/16 to 53-11/16.
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