‘Net Tickers Sink In Sync With Reports Of Q2 Losses

Well, we’ve got another big week of Internet quarterly reports to come in this, the most
important earnings season ever for Internet companies. And while some ‘Net players have
wowed the street with record revenue growth and profits, the vast majority continue to
turn in net losses, most notably Amazon.com.

As expected, the market has reacted with extreme ire, driving down all sectors but one
this week. Since most of the few dozen ‘Net companies expected to release quarterlies
in the next 10 days also will show losses, the gloom should carry well into August.
That’s what summer vacations are for.

PERFORMANCE BY SECTOR

                           Ave. 7-Day
                            % Change

Wireless                      0.8%
Search/Portals               -1.5%
Content/Communities          -2.1%
ISPs/Access Providers        -3.5%  
Speed/Bandwidth              -4.6%
Internet Services            -5.6%
Financial Services           -5.8%
Consultants/Designers        -6.5%
Security                     -7.1%
E-commerce Enablers          -7.6%
E-tailers                    -7.7%
Performance Software         -9.9% 
Advertising/Marketing       -11.3% 

 
TOP 10 GAINERS               7-Day % Gain        Category

KOOP   drkoop.com               64.7%            Content/Communities
TPN    TownPagesNet             34.8%            Content/Communities
EMUS   EMusic.com               34.6%            E-tailers
PLRX   PlanetRx.com             34.4%            E-tailers
FUSN   Fusion Networks          34.1%            Internet Services
TANN   Tanning Technology       33.9%            E-Commerce Enablers
LOIS   Loislaw.com              33.1%            Content/Communities
MCOM   Metricom                 31.8%            Wireless
IZAP   ZapME!                   29.9%            ISPs/Access Providers
ILIF   ilife.com                29.4%            Content/Communities
MRBA   Marimba                  29.4%            Internet Services

TOP 10 LOSERS                7-Day % Loss         Category
 
MPLX   Mediaplex               -55.4%             Advertising/Marketing
NTCR   NetCreations            -37.2%             Advertising/Marketing
GIGM   GigaMedia               -35.2%             ISPs/Access Providers
BFLY   Bluefly                 -33.9%             E-tailers
CTCH   CommTouch               -32.4%             Internet Services
EFAX   eFax.com                -32.0%             Internet Services
CLIC   Calico Commerce         -30.6%             E-Commerce Enablers
AKAM   Akamai Technologies     -30.0%             Speed/Bandwidth
INSW   InsWeb                  -29.4%             E-tailers
RAMP   Ramp Networks           -28.4%             Speed/Bandwidth
 
********************************************************************

                             WIRELESS PRODUCTS/SERVICES

                       7/26   7-Day   7-Day  1-Month         Market
       Company        $Close $Change %Change %Change   YTD     Cap
                     
MCOM   Metricom        39.13   9.44   31.8%   31.5%  -50.4%    1.5B
DLK    Datalink.net    22.50   3.50   18.4%   73.9%  312.3%  315.2
AETH   Aether Systems 181.13  14.13    8.5%   -7.6%  152.0%    6.4B
PHCM   Phone.com       89.75   5.06    6.0%   32.0%  -22.9%    7.9B
PALM   Palm            36.69   1.81    5.2%   36.5%    N/A    20.7B
PRTH   Parthus Tech.   34.13   0.69    2.1%   33.5%    N/A     1.7B
HAND   Handspring      38.69  -0.31   -0.8%   55.5%    N/A     4.7B
INSP   InfoSpace       47.75  -0.50   -1.0%  -19.4%  -11.1%   10.3B
VYYO   Vyyo            35.38  -0.63   -1.7%   15.0%    N/A     1.3B
IWAV   interWAVE       17.38  -0.56   -3.1%   50.3%    N/A   779.9
GOAM   GoAmerica       13.38  -0.56   -4.0%  -16.7%    N/A   601.9
SVNX   724 Solutions   40.25  -3.50   -8.0%  -15.0%    N/A     1.5B
PUMA   Puma Technology 22.19  -1.97   -8.1%  -22.5%  -66.1%  948.6
GWRX   Geoworks        13.63  -1.81  -11.7%  -14.

8%  -18.9%261.8
IIIM   i3 Mobile       12.44  -3.44  -21.7%  -29.7%    N/A   325.0
-------------------------------------------------------------------
       Wireless Ave.                  +0.8%         

It wasn’t Metricom’s strong earnings report that got it to the top
of the only sector to gain ground this week. In fact, the wireless
access provider’s Q2 shows declining revenue and increasing losses.
But wireless investors are playing with last year’s rules: Huge
potential revenue outweighs current losses. Call it Early Market
Euphoria. It won’t last, any more than it did for other Internet
sectors. (Remember the brief but torrid Linux stocks romance?)
Metricom rose despite unimpressive Q2 numbers because it began
rolling out its high-speed wireless service. Wireless application
service provider Datalink.net climbs on news that it will move
from AMEX to the Nasdaq exchange. i3 Mobile falls in anticipation
of Thursday’s Q2 report, which shows $1.1 million in revenue and
a net loss of $3.4 million. InfoSpace finishes in the middle of
the pack, but it won’t be there next week; shares fell 28%
Thursday after the wireless infrastructure provider announced it
would buy Go2Net for $4 billion. Many investors think INSP is
paying too much for GNET, which InfoSpace says will provide
much-needed payment-processing technology for high-speed
connections.

                               SEARCH/PORTALS

                       7/26   7-Day   7-Day  1-Month         Market
       Company        $Close $Change %Change %Change   YTD    Cap
                     
LCOS   Lycos          65.75   12.81   24.2%   17.4%  -17.6%    6.3B
BOUT   About.com      31.94    3.69   13.1%    6.0%  -64.5%  536.1
ASKJ   Ask Jeeves     21.44    2.31   12.1%   27.5%  -81.1%  585.6
YHOO   Yahoo!        135.94    1.94    1.4%    7.9%  -37.4%   72.0B
GO     Go.com         11.06    0.00    0.0%   -7.3%  -53.6%    1.7B
LOOK   LookSmart      21.05   -1.70   -7.5%   23.8%  -22.3%    2.1B
SINA   SINA.com       24.50   -2.06   -7.8%  -14.0%    N/A     1.1B
CHINA  Chinadotcom    18.13   -1.88   -9.4%  -13.9%  -54.1%    1.6B
AOL    America Online 53.56   -5.81   -9.8%    3.3%  -29.2%  122.9B
STRM   StarMedia      15.44   -2.62  -14.5%   -9.2%  -61.6%    1.0B
GOTO   GoTo.com       15.38   -3.38  -18.0%    0.8%  -73.9%  987.2
-------------------------------------------------------------------
       Search/Portals Ave.            -1.5%         

Departure of Telefonica chief Juan Villalonga amid allegations of insider trading boosts
Lycos to the sector lead. Why? Investors believe it removes a cloud hanging over the $12.5
billion purchase of Lycos by Terra Networks, a subsidiary of the Spanish telco giant.
About.com loses $5.9 million, or 33 cents per share, in Q2, but that’s down from losses
of $20.4 million ($1.69 per share) in last year’s second quarter and $7.5 million in Q1.
Ask Jeeves gets a brief bounce from Tuesday’s Q2, as investors focus initially on the
company’s 817% revenue growth. By Thursday, however, they noticed the net loss had
jumped to $1.20 per share from 50 cents per share in Q2 ’99, sending ASKJ shares down
13%. GoTo.com’s net loss nearly triples.

                               CONTENT/COMMUNITIES 

                        7/26   7-Day   7-Day  1-Month         Market
       Company         $Close $Change %Change %Change   YTD    Cap 

KOOP   drkoop.com        1.75   0.69   64.7%   -9.7%  -85.3%   51.0
TPN    TownPagesNet      2.44   0.63   34.8%   50.0%  -52.6%   23.4
LOIS   Loislaw.com      12.31   3.06   33.1%   33.1%  -68.6%  215.1
ILIF   ilife.com         1.38   0.31   29.4%    4.7%  -69.6%   23.2
HOMS   Homestore.com    38.19   7.44   24.2%   47.6%  -48.7%    3.3B
GNET   Go2Net           60.56  10.19   20.2%   30.2%  -30.6%    1.7B
SALN   Salon.com         1.50   0.19   14.3%   20.0%  -70.1%   20.7
VERT   VerticalNet      56.75 5

.94   11.7%   50.8%  -31.0%    4.6B
HCEN   HealthCentral.com 3.25   0.22    7.2%    4.0%  -55.7%  136.8
IASIA  Asiacontent.com   3.19   0.19    6.3%  -17.7%    N/A   107.3
MLTX   Multex.com       24.75   1.31    5.6%    4.8%  -34.4%  820.5
TURF   iTurf             3.69   0.13    3.5%    5.4%  -70.5%   77.9
ZDZ    ZDNet            17.44   0.56    3.3%   76.6%  -17.2%    1.3B
STAD   Student Advantage 8.88   0.19    2.2%   18.8%  -60.1%  303.9
CNET   CNET Networks    30.25   0.56    1.9%   24.7%  -46.9%    2.7B
SPLN   SportsLine.com   16.56   0.19    1.1%   12.3%  -67.1%  421.9
CBDR   CareerBuilder     7.84   0.03    0.4%  109.2%   21.4%  186.0
INTM   internet.com     24.00   0.00    0.0%   20.0%  -54.2%  522.1
IMPV   ImproveNet        2.06  -0.03   -1.5%  -25.0%    N/A    39.7
HOOV   Hoover's          7.88  -0.13   -1.6%   11.5%  -10.3%  102.3
IVIL   iVillage          7.41  -0.22   -2.9%   -3.7%  -63.6%  215.2
NBCI   NBC Internet     11.52  -0.48   -4.0%    2.4%  -85.1%  738.4
SWBD   Switchboard       8.28  -0.41   -4.7%   -3.3%    N/A   194.0
INFO   Infonautics       3.75  -0.25   -6.3%  -21.1%  -46.6%   46.4
ARTD   Artistdirect      3.25  -0.22   -6.3%   -3.7%    N/A   120.1
ONES   OneSource        10.94  -0.81   -6.9%   56.3%  -18.9%  126.0
SNOW   Snowball.com      3.63  -0.38   -9.4%  -23.7%    N/A   138.6
PASA   quepasa.com       1.28  -0.16  -10.9%  -21.2%  -89.9%   23.5
TSCM   TheStreet.com     6.00  -0.75  -11.1%   -5.9%  -68.8%  157.0
HGAT   HealthGate Data   1.63  -0.22  -11.9%   -3.7%    N/A    31.2
QKKA   Quokka Sports     7.75  -1.19  -13.3%   11.7%  -41.2%  339.5
KNOT   Knot              4.00  -0.63  -13.5%    4.9%  -52.8%   61.6
MPPP   MP3.com          10.38  -1.63  -13.5%  -31.4%  -67.4%  820.9
EDGR   EDGAR Online      3.44  -0.56  -14.1%   -1.8%  -53.5%   43.6
WOMN   Women.com         4.31  -0.72  -14.3%   20.0%  -69.8%  204.5
NTVN   Netivation.Com    2.00  -0.41  -16.9%   33.3%  -65.3%   25.9
LAUN   Launch Media      7.56  -1.56  -17.1%   -9.7%  -60.2%  105.5
DTHK   DigitalThink     45.00  -9.38  -17.2%   35.3%    N/A     1.8B
EWBX   EarthWeb         13.63  -2.88  -17.4%   -4.8%  -73.0%  142.7
TGLO   theglobe.com      1.69  -0.44  -20.6%  -18.2%  -79.9%   60.1
TCTY   Talk City         1.56  -0.47  -23.1%    4.2%  -94.0%   41.4
NETR   NetRadio          2.06  -0.69  -25.0%  -10.8%  -75.1%   24.4
HSTM   HealthStream      3.75  -1.25  -25.0%  -28.6%    N/A    85.3
MKTW   MarketWatch.com  16.38  -5.63  -25.6%  -27.4%  -55.3%  282.3
VDAT   Visual Data       2.88  -1.00  -25.8%  -28.1%  -75.1%   29.7
--------------------------------------------------------------------
       Content/Comm. Ave.              -2.1%         

Welcome to our Theater of the Absurd, where things that look significant really aren’t.
Take drkoop.com. Please. KOOP grabs the top slot among all ‘Net stocks this week, gaining
nearly 65% amid a pair of takeover bids. Perhaps a quote from one of the interested companies
will put things in perspective: “We need to resuscitate drkoop.com and save the wonderful
brand,” a source told Bloomberg news. “It’s a rudderless ship right now, and we have a
rudder.” Hey, I have a wagon! Let’s put on a show! The biggest news in the sector is the
proposed acquisition of Go2Net by wireless information infrastructure provider Infospace,
though shares of GNET barely budged Thursday. It’s a photo-finish for bottom honors this
week, with four companies crowding the cellar. MarketWatch.com beats the street but still
posts a loss of 64 cents per share. NetRadio’s losses widen to $4.1 million from $2.6 million,
while revenues for Q2 were only $616,000.

 
                                  E-TAILERS 

                          7/26   7-Day   7-Day  1-Month         Market
      Company           $ Close $Change %Change %Change   YTD     Cap  
                     
EMUS  EMusic.com          2.19    0.56   34.6%   -6.7%  -78.7%  103.1
PLRX

  PlanetRx.com        1.34    0.34   34.4%-10.4%  -90.8%   46.9
TMCS  Ticketmaster       21.38    1.44    7.2%   25.7%  -44.6%    1.7B
GDEN  Garden.com          1.84    0.09    5.4%  -29.8%  -78.8%   29.7
ROOM  Hotel Reservations 35.00    1.63    4.9%    8.9%    N/A     1.8B
ASFD  Ashford.com         4.06    0.19    4.9%   54.8%  -63.2%  179.9
CDNW  CDnow               2.92    0.05    1.6%   -2.6%  -70.5%   95.3
AMEN  Crosswalk.com       2.38    0.00    0.0%   -1.3%  -53.8%   17.3
VSHP  VitaminShoppe.com   1.63    0.00    0.0%   13.0%  -82.3%   31.2
FASH  Fashionmall.com     2.22   -0.02   -0.7%    4.4%  -50.2%   17.8
SKDS  SmarterKids.com     2.19   -0.06   -2.8%   25.0%  -69.9%   46.1
BGST  BigStar             1.06   -0.03   -2.8%  -15.0%  -86.3%   10.2
EXPE  Expedia            18.88   -0.75   -3.8%   20.8%  -46.3%  836.7
PPOD  Peapod              3.00   -0.13   -4.0%    2.1%  -65.3%   53.9
EGGS  Egghead.com         2.66   -0.13   -4.5%   -6.6%  -83.6%  117.2
IPET  Pets.com            1.69   -0.09   -5.2%  -21.7%    N/A    53.6
FATB  Fatbrain.com        6.69   -0.37   -5.3%  -14.4%  -73.4%   84.6
ETYS  eToys               5.38   -0.31   -5.5%    6.2%  -79.6%  630.7
BUYX  BUY.COM             4.72   -0.28   -5.6%   -6.2%    N/A   641.6
EBAY  eBay               52.69   -4.19   -7.4%    0.5%  -16.1%   14.5B
TIXX  Tickets.com         3.13   -0.25   -7.4%  -10.7%  -78.2%  189.3
VUSA  Value America       0.78   -0.06   -7.4%  -37.5%  -84.6%   34.1
BNBN  Barnes&Noble.com    5.63   -0.50   -8.2%  -14.3%  -60.5%  875.0
BYND  Beyond.com          1.41   -0.13   -8.2%  -18.2%  -82.1%   55.9
HOMG  HomeGrocer.com      6.00   -0.56   -8.6%   -1.0%    N/A   769.4
SQST  SciQuest.com       11.25   -1.31  -10.4%   14.3%  -85.9%  310.4
COOL  Cyberian Outpost    4.41   -0.53  -10.8%  -12.4%  -55.8%  135.3
AMZN  Amazon.com         36.06   -4.81  -11.8%   -1.2%  -52.8%   13.6B
CTIX  Cheap Tickets      12.13   -1.75  -12.6%  -13.4%  -11.7%  320.7
ALOY  Alloy Online       11.19   -1.75  -13.5%   -6.3%  -29.2%  224.8
ADBL  Audible             3.00   -0.50  -14.3%  -32.4%  -80.1%   89.0
HITS  Musicmaker.com      1.30   -0.27  -17.0%  -30.8%  -78.0%   51.8
EFTD  FTD.COM             1.97   -0.41  -17.1%   -7.3%  -62.6%  100.5
ESTM  E-Stamp             1.44   -0.34  -19.3%  -20.7%  -93.6%   56.3
LMIN  Lastminute.com     12.06   -3.00  -19.9%  -14.2%    N/A   419.1
EBKR  Ebookers.com        9.25   -2.63  -22.1%   -5.1%  -46.8%  193.6
DSCM  Drugstore.com       5.50   -1.56  -22.1%  -21.4%  -84.9%  313.0
AHWY  audiohighway.com    2.38   -0.69  -22.4%   -2.6%  -72.4%   17.2
VSTY  Varsity Group       1.06   -0.37  -26.1%  -27.6%    N/A    20.1
PCLN  priceline.com      28.63  -11.13  -28.0%  -28.4%  -39.8%    5.3B
INSW  InsWeb              1.50   -0.63  -29.4%  -38.5%  -94.2%   69.2
BFLY  Bluefly             2.31   -1.19  -33.9%   15.7%  -77.6%   15.1
---------------------------------------------------------------------
      E-tailers Ave.                     -7.7%         

E-Music chooses to play ball with the big music publishers and gets rewarded by
investors. The online seller of recorded songs is in talks with all five major
record labels over possible licensing deals. EMUS also announced a monthly fee
service for users, in which revenue will be shared with record companies and song
publishers. Online drugstore PlanetRx.com shows net loss of $43.9 million in Q2,
up from $13.7 million in the year-ago quarter, but investors take more notice of
the $50 million investment in PLRX by Alpha Venture Capital. Bluefly loses
momentum from marketing deal announced with Microsoft on July 11. InsWeb
reports declining revenues for the second quarter. Look near the basement
next week for Amazon.com. After showing increasing losses over Q1, the stock
was savaged by analysts and investors, falling below $30 for the first time
since 1998.

      FINANCIAL SERVICES

                   7/26   7-Day   7-Day  1-Month         Market
       Company         $Close $Change %Change %Change   YTD    Cap
 
NXCD  NextCard          10.50   0.56    5.7%   20.0%  -63.8%  506.6
AMTD  Ameritrade        13.25   0.50    3.9%   10.4%  -39.1%    2.1B
EELN  E-LOAN             4.38  -0.06   -1.4%   -9.1%  -73.2%  185.6
LINE  onlinetrading.com  4.88  -0.13   -2.5%   -4.9%  -55.3%   56.3
MDCM  Mortgage.com       1.19  -0.06   -5.0%  -26.9%  -79.6%   56.7
ECMV  E Com Ventures     1.94  -0.12   -6.0%  -26.2%  -42.8%   20.2
TREE  LendingTree        8.69  -0.69   -7.3%   13.9%    N/A   160.0
DIR   DLJdirect          6.50  -0.63   -8.8%  -20.0%  -52.2%  667.2
WEBS  Web Street         2.84  -0.28   -9.0%   16.7%  -77.1%   80.3
EGRP  E*TRADE           16.13  -1.63   -9.2%    0.8%  -38.5%    4.8B
ICGE  Internet Capital  36.50  -3.69   -9.2%   13.4%  -78.6%    9.9B
CMGI  CMGI              38.88  -4.25   -9.9%  -13.1%  -72.0%   11.5B
WITC  Wit Soundview      9.22  -1.03  -10.1%   16.1%  -46.0%  813.5
NTBK  [email protected]          10.44  -1.44  -12.1%  -13.9%  -43.8%  329.8
--------------------------------------------------------------------
      Financial Services Ave.          -5.8%         

[email protected] reports its ninth consecutive profitable quarter, but falls every day
since July 20, when the numbers came out. The problem is that profit was down
from Q1: $2.2 million (or 7 cents per share) versus $4.6 million (or 15 cents
per share) in the first quarter. Increased advertising spending leads to fall
in profits for Ameritrade, which hangs onto enough pre-quarterly share advances
to end as one of only two gainers in this group. Online Visa card distributor
NextCard moves up timetable for profitability from 2002 to late next year,
resulting in a one-day, double-digit gain that sweeps it to the top of the sector.

                               E-COMMERCE ENABLERS
              
                        7/26    7-Day   7-Day  1-Month         Market
      Company          $ Close $Change %Change %Change   YTD    Cap 

TANN  Tanning Tech.     20.19    5.11   33.9%   12.5%  -65.9%  395.6
PPRO  PurchasePro.com   46.13    3.63    8.5%   18.3%  -66.6%    1.5B
ORCC  Online Resources   7.44    0.56    8.2%   12.3%  -55.4%   78.6
QUOT  Quotesmith.com     2.56    0.19    7.9%   20.6%  -77.5%   45.7
BTBC  b2bstores.com      2.19    0.13    6.1%  -14.6%    N/A    16.2
INTW  InterWorld        23.38    1.13    5.1%   25.5%  -72.7%  715.5
CYCH  CyberCash          5.56    0.25    4.7%  -11.0%  -40.1%  137.9
PRSW  Persistence       19.30    0.80    4.3%   13.5%  -14.5%  351.2
USIT  U.S. Interactive  16.38    0.63    4.0%   25.4%  -62.1%  401.1
SNHK  Sunhawk.com       15.50    0.25    1.6%   -8.1%    N/A    46.6
PCOR  pcOrder.com        8.00    0.13    1.6%    6.7%  -84.4%  130.4
PFSW  PFSweb             4.31    0.06    1.5%   -2.8%  -88.5%   84.0
FIRE  FirePond          28.00    0.00    0.0%   -4.3%    N/A   922.8
GSPT  Global Sports      8.00    0.00    0.0%   42.2%  -36.5%  177.7
ROWE  Rowecom            6.25    0.00    0.0%   25.0%  -86.3%   72.4
DGIN  Digital Insight   40.94   -0.31   -0.8%   20.9%   12.2%    1.0B
ITWO  i2 Technologies  130.44   -1.19   -0.9%   22.7%   33.3%   26.2B
IMPV  ImproveNet         2.06   -0.03   -1.5%  -25.0%    N/A    39.7
ARTG  Art Technology   108.81   -1.62   -1.5%   25.3%   69.3%    7.0B
EPAY  Bottomline Tech.  26.75   -0.63   -2.3%  -16.1%  -26.0%  296.2
ARBA  Ariba            122.25   -3.31   -2.6%   35.7%   37.4%   27.5B
RETK  Retek             30.13   -1.25   -4.0%   12.1%  -60.1%    1.5B
AWEB  Autoweb.com        2.19   -0.12   -5.4%   -2.8%  -80.0%   65.3
BRNC  Braun Consulting  22.88   -1.63   -6.6%    8.9%  -68.1%  449.1
BVSN  BroadVision       37.63   -3.19   -7.8%  -28.8%  -33.9%    9.5B
ELCO  Elcom Int.         6.13   -0.56   -8.4%    6.0%  -82.0%  201.5
STCS  Software Tech.    27.75   -2.75  -9.0

%  -13.1%    N/A     2.2B
ITRA  Intraware         11.64   -1.17   -9.1%  -43.2%  -85.5%  291.8
PRVW  Preview Systems   11.81   -1.22   -9.3%  -11.7%  -81.9%  203.1
XCAR  XCare.net          5.09   -0.53   -9.4%   -8.4%    N/A    91.3
FAIM  FairMarket         5.50   -0.63  -10.2%  -21.4%    N/A   156.5
CYSV  Cysive            23.31   -2.69  -10.3%   -0.3%  -35.5%  776.1
EPNY  E.piphany        108.63  -12.88  -10.6%    8.6%  -51.5%    4.7B
AGIL  Agile Software    53.88   -7.00  -11.5%  -12.2%  -50.6%    2.7B
CORI  Corillian         11.50   -1.50  -11.5%  -38.7%    N/A   354.3
SABA  Saba Software     19.13   -2.63  -12.1%  -15.9%    N/A   849.9
QSFT  Quest Software    50.50   -7.38  -12.7%   -3.6%   -1.3%    5.3B
LQID  Liquid Audio      11.00   -1.63  -12.9%   28.5%  -58.2%  273.1
DRIV  Digital River      7.25   -1.13  -13.4%   -2.1%  -78.3%  165.2
PRTS  PartsBase.com      6.88   -1.13  -14.1%   29.4%    N/A   105.5
OMKT  Open Market        7.23   -1.27  -14.9%  -43.3%  -84.0%  384.6
CKCM  Click Commerce    24.25   -4.25  -14.9%    N/A     N/A   834.2
ABTL  Autobytel.com      5.47   -0.97  -15.0%  -13.4%  -64.1%  113.7
CMRC  Commerce One      46.88   -8.44  -15.3%   13.0%  -52.5%    7.9B
APNT  AppNet            36.63   -6.88  -15.8%   11.4%  -16.6%    1.3B
ONVI  Onvia.com          8.63   -1.69  -16.4%   15.0%    N/A   885.8
CYBS  CyberSource       11.25   -2.50  -18.2%  -20.0%  -78.3%  291.7
HCOM  HomeCom            0.81   -0.19  -18.7%  -23.5%  -74.6%    7.2
ASWX  Active Software   62.00  -15.00  -19.5%  -17.9%  -32.8%    1.7B
WEBM  webMethods       133.13  -34.81  -20.7%  -11.8%    N/A     4.5B
BBSW  Broadbase         22.63   -6.13  -21.3%  -14.2%  -59.9%    1.3B
OPUS  Opus360            3.81   -1.06  -21.8%  -18.7%    N/A   212.9
NEOF  Neoforma.com       5.06   -1.44  -22.1%  -29.6%    N/A   382.2
SLTC  Selectica         52.25  -16.75  -24.3%  -30.4%    N/A     2.1B
NETP  Net Perceptions   13.50   -5.00  -27.0%  -21.2%  -68.0%  403.1
CLIC  Calico Commerce   11.50   -5.06  -30.6%  -27.0%  -78.4%  489.6
---------------------------------------------------------------------
      E-commerce Enablers Ave.          -7.6%         

Only Tanning Technology posts a decent gain in this sector, following upgrading of
company by Salomon Smith Barney. After that, the story here is the more than
half-dozen stocks losing at least 20%. Calico Commerce earns its way onto the
list of top 10 losers with a quarterly showing no reduction of net losses, which
remain at 16 cents per share. This led to Goldman Sachs cutting its rating of CLIC
to “market outperformer” from “trading buy.” Personalization software maker Net
Perceptions loses 15 cents per share in Q2, down from 18 cents per share in the
year-ago quarter. But on a dollar basis, the net loss increased to $4 million
from $2.8 million. Art Technology Group shows a slight loss for the week, but
shares had been sliding down from recent all-time highs until Tuesday, when the
company reported its first profitable quarter, ahead of schedule.

   
                                 SECURITY

                        7/26    7-Day   7-Day  1-Month         Market
        Company        $Close  $Change %Change %Change   YTD     Cap  
  
CHKP  Check Point      121.75    9.31    8.3%   10.8%  144.2%   18.4B
RSAS  RSA Security      66.88    2.38    3.7%   -2.2%  -14.0%    2.6B
NSSI  Network-1          5.06    0.06    1.3%   -5.8%  -53.3%   28.4
ENTU  Entrust Tech.     29.00   -1.69   -5.5%  -57.3%  -51.8%    1.6B
ITRU  InterTrust        18.44   -1.19   -6.0%  -16.2%  -68.8%    1.6B
VONE  V-ONE              3.63   -0.28   -7.2%  -25.2%  -38.5%   80.0
LTNX  Litronic           6.56   -0.69   -9.5%  -23.1%  -18.2%   70.1
PILT  Pilot Network     14.38   -2.25  -13.5%   -3.0%  -40.3%  229.0
ISSX  Internet Security 75.31  -12.69  -14.4%  -15.3%    5.5%    3.2B
AXNT  AXENT         19.06   -3.56  -15.7%  -19.7%

  -9.5%  570.7
WGRD  WatchGuard        53.00  -12.75  -19.4%  -10.0%   74.6%    1.4B
---------------------------------------------------------------------
      Security Ave.                     -7.1%         

Already one of the year’s high-flyers, firewall market leader Check Point Software
climbs further on Q2 report showing a doubling of earnings. After closing at $70
per share on July 17, WatchGuard Technologies has dropped 29% through Thursday,
despite a recent Q2 showing the company fast closing in on profitability, with
a quarterly net loss of only $378,000.

                             PERFORMANCE SOFTWARE

                         7/26   7-Day   7-Day  1-Month         Market
       Company          $Close $Change %Change %Change   YTD     Cap  

RWAV  Rogue Wave         6.73    1.11   19.7%   36.4%  -16.1%   72.9
WAVO  WAVO               0.78    0.12   19.0%  -13.8%  -79.9%   20.3
DGV   Digital Lava       6.69    0.25    3.9%    1.9%   -4.8%   31.3
VATA  Versata           39.13    1.00    2.6%  -13.1%    N/A     1.6B
EMBT  Embarcadero       37.50   -0.13   -0.3%   44.2%    N/A   832.4
LOUD  Loudeye           17.13   -0.13   -0.7%    0.7%    N/A   653.1
IWOV  Interwoven        69.44   -0.69   -1.0%   52.1%   13.8%    3.4B
PRSF  Portal Software   60.75   -0.94   -1.5%   10.0%   17.7%    9.8B
OTEX  Open Text         19.63   -0.38   -1.9%  -10.8%    8.7%  396.1
SWCM  Software.com     119.63   -3.00   -2.4%   14.5%   24.2%    6.1B
EPRS  Eprise            17.75   -0.69   -3.7%   21.4%    N/A   452.1
CLRN  Clarent           78.44   -3.31   -4.1%   14.3%    0.5%    2.7B
NTGX  net.Genesis       15.31   -0.81   -5.0%  -14.9%    N/A   315.9
GTHR  GetThere          10.69   -0.69   -6.0%  -17.4%  -73.5%  369.8
MONE  MatrixOne         44.75   -3.13   -6.5%   10.8%    N/A     1.7B
COBT  Cobalt Networks   49.75   -3.69   -6.9%    7.1%  -54.3%    1.4B
OTGS  OTG Software      33.56   -2.75   -7.6%  -14.5%    N/A   930.4
NTOP  Net2Phone         35.31   -3.06   -8.0%   -3.6%  -23.4%    1.9B
BWEB  BackWeb           19.25   -2.00   -9.4%   -9.7%  -54.5%  738.4
TIBX  Tibco Software   102.36  -11.08   -9.8%    3.5%  100.0%   19.9B
IMAN  iManage           10.19   -1.19  -10.4%    1.2%  -68.4%  233.0
VOCL  VocalTec          20.44   -2.44  -10.7%   -8.1%   21.6%  263.8
SONE  S1 Corp.          25.94   -3.12  -10.8%   30.1%  -66.9%    1.4B
WBSN  Websense          24.63   -3.00  -10.9%   -1.5%    N/A   492.6
NSPK  NetSpeak           9.00   -1.13  -11.1%   -7.7%  -57.8%  131.3
WEBT  WebTrends         33.06   -4.44  -11.8%   -4.9%  -18.6%  937.4
LBRT  Liberate Tech.    27.00   -3.75  -12.2%    7.2%  -79.1%    2.5B
DTEC  Delano Tech.      13.94   -1.94  -12.2%   15.5%    N/A   370.9
INSO  Inso               6.84   -0.97  -12.4%   48.0%  -78.9%  112.9
CTRA  Centra Software   11.94   -1.81  -13.2%   32.6%    N/A   307.7
RNWK  RealNetworks      42.50   -6.50  -13.3%   -3.8%  -29.6%    7.2B
EXTN  Extensity         33.00   -5.25  -13.7%  -10.2%    N/A   803.1
TMNT  Telemate.Net       2.41   -0.41  -14.5%  -30.0%  -85.2%   19.8
VIAD  Viador            12.00   -2.06  -14.7%  -20.0%  -71.8%  219.3
IPIX  Internet Pictures 12.31   -2.19  -15.1%  -15.8%  -25.9%  764.3
NESY  NEON Systems      12.63   -2.25  -15.1%  -30.1%  -67.9%  122.6
VIGN  Vignette          38.75   -7.63  -16.4%  -14.6%  -28.9%    8.3B
ALLR  Allaire           34.13   -7.13  -17.3%    0.4%  -53.5%    1.0B
SQSW  Sequoia Software  13.06   -3.25  -19.9%  -14.3%    N/A   416.5
RHAT  Red Hat           20.06   -5.31  -20.9%  -27.4%  -81.1%    3.7B
SGNT  Sagent Technology  9.13   -2.75  -23.2%    N/A   -69.6%  280.4
VMDC  VantageMed         2.25   -0.69  -23.4%   44.0%    N/A    22.6
BLSW  Bluestone         24.00   -7.63  -24.1%    1.3%  -79.2%  580.3
FVCX  FVC.com            5.81   -1.94  -25.0%  -27.3%  -50.4%  112.9
PKSI  Primus Knowledge  29.50  -10.56-26.4%  -34.4%  -35.1%  538.4
SSSW  Silv

erStream      39.44  -14.56  -27.0%  -11.7%  -67.0%  934.2
---------------------------------------------------------------------
       Performance Software Ave.        -9.9%         

B2B e-commerce application software and services provider Rogue Wave is up 61%
through Wednesday since bottoming out at a $41.17 closing price on May 26.
Earlier this month the company reported razor-thin net profits of $266,000
for its third quarter, down from the $434,000 net profit in Q3 ’99. Looks
like bargain-hunters at work. Widening losses send application development
tools vendor SilverStream Software to the bottom of the sector. Customer
relationship management software maker Primus Knowledge Solutions is headed
for new lows for the year after tumbling to $26.38 on Thursday as part of
a marketwide downturn. Broadband video networking provider FVC.com shows
slight revenue gains and growing losses in the second quarter.

                             INTERNET SERVICES 

                         7/26    7-Day   7-Day  1-Month         Market
      Company           $Close  $Change %Change %Change   YTD    Cap
                    
FUSN   Fusion Networks    1.84    0.47   34.1%   -7.8%    N/A    37.7
MRBA   Marimba           24.75    5.63   29.4%   98.0%  -46.5%  504.1
SVVS   Savvis Comm.      14.63    2.13   17.0%   -0.8%    N/A     1.2B
DRTN   Data Return       30.94    3.13   11.2%   21.3%  -42.4%  980.6
EGRT   Egreetings         1.88    0.19   11.1%   27.6%  -81.5%   67.8
EXDS   Exodus Comm.      54.06    3.25    6.4%    6.0%   21.3%   21.6B
MAIL   Mail.com           9.03    0.53    6.2%   63.3%  -52.0%  454.4
VCNT   Vicinity          25.44    1.31    5.4%   14.3%    N/A   695.1
CPTH   Critical Path     66.31    3.06    4.8%   21.1%  -30.0%    4.1B
HOTJ   HotJobs.com       18.31    0.81    4.6%   45.8%  -58.2%  527.7
VRSN   VeriSign         179.19    7.19    4.2%   14.2%   -6.5%   21.3B
SAPE   Sapient          125.19    4.88    4.1%   31.8%  -11.5%    7.6B
CAVN   Cavion Tech.       8.75    0.31    3.7%  -12.5%   12.5%   47.8
HHNT   HeadHunter.NET     8.06    0.13    1.6%  -22.3%  -36.0%   88.0
SKIL   SkillSoft         18.50    0.25    1.4%   57.4%    N/A   242.4
CLAI   Claimsnet.com      2.88    0.00    0.0%   -2.1%  -71.3%   23.5
NAVI   NaviSite          42.69   -0.06   -0.1%   -0.7%  -14.9%    2.3B
JPTR   Jupiter Comm.     25.00   -0.06   -0.2%   18.7%  -17.6%  396.1
LFMN   Lifeminders       29.00   -0.44   -1.5%   -5.3%  -50.0%  684.3
ACRU   Accrue Software   25.75   -0.88   -3.3%  -29.7%  -52.6%  744.2
LPSN   LivePerson         8.81   -0.37   -4.1%   -2.1%    N/A   266.1
SRCH   US SEARCH.com      3.09   -0.16   -4.8%   59.6%  -58.9%   53.8
STMP   Stamps.com         6.09   -0.41   -6.2%  -22.6%  -85.4%  305.3
DIGX   Digex             76.13   -5.50   -6.7%   13.6%   10.3%    5.4B
JFAX   JFAX.COM           2.72   -0.22   -7.4%   61.1%  -59.7%   92.5
WNET   WHEREVER.net       3.22   -0.28   -8.0%   -3.3%    N/A    83.0
MDLI   MedicaLogic        6.06   -0.56   -8.5%  -31.7%  -71.2%  272.0
CHRD   Chordiant         16.38   -1.61   -8.9%   41.6%    N/A   590.9
CONV   Convergent         5.50   -0.63  -10.2%  -31.3%  -65.5%  168.5
HLTH   Healtheon/WebMD   14.25   -1.63  -10.2%    2.2%  -62.1%    2.6B
ETIN   Etinuum            4.59   -0.53  -10.4%  -21.8%    N/A    76.4
LIOX   Lionbridge         8.06   -0.94  -10.4%   -9.8%  -56.0%  211.4
INIT   Interliant        16.69   -2.00  -10.7%  -18.3%  -36.0%  804.9
RCOM   Register.com      30.75   -3.75  -10.9%  -14.9%    N/A     1.0B
KEYN   Keynote Systems   44.50   -5.44  -10.9%  -24.7%  -39.9%    1.2B
NTWO   N2H2               3.88   -0.50  -11.4%  -16.2%  -83.6%   92.6
BWAY   Breakaway Sol.    29.83   -3.92  -11.6%    9.8%  -18.6%    1.1B
EGAN   eGain             11.38   -1.88  -14.2%    2.8%  -70.0%  364.4
NVDC   Navidec            7.63   -1.38  -15.3%  -11.6%  -36.7%   98.1
USIX   USinternetworking 16.38 -3.00

-15.5%   -9.0%  -65.0%    1.8B 
ECRU   E-Cruiter.com      3.50   -0.69  -16.4%  -17.6%  -51.0%   27.7
ITXC   ITXC              26.88   -5.44  -16.8%  -14.9%  -20.4%    1.2B
WQNI   WorldQuest         5.13   -1.06  -17.2%  -26.8%    N/A    38.3
NETZ   Netzee             7.38   -1.56  -17.5%   34.1%  -55.8%  173.6
IBAS   iBasis            24.69   -6.31  -20.4%  -34.8%  -14.4%  854.5
CRFH   Crayfish           6.56   -1.87  -22.2%  -30.9%    N/A   352.9
KANA   Kana Comm.        43.94  -12.69  -22.4%  -19.4%  -57.3%    4.9B
IPRT   iPrint.com         5.25   -1.88  -26.3%    7.7%    N/A   190.8
EFAX   eFax.com           0.53   -0.25  -32.0%  -59.6%  -92.7%    7.0
CTCH   CommTouch         22.25  -10.69  -32.4%  -37.2%  -54.3%  371.4
----------------------------------------------------------------------
       Internet Services Ave.            -5.6%         

Portal design software and services provider Fusion Networks sheds its
subsidiary IDM Environmental, getting a one-day boost that propels it to
the sector lead and onto the list of top 10 gainers. It doesn’t take much
to move this lightly traded stock, which has been coasting along near record
lows for almost two months. Application service and delivery specialist Marimba
shows an unexpected quarterly profit (it’s first ever) and announces that
CEO Kim Polese will step aside, but will remain chairman. Losses widen for
e-mail and messaging services outsourcer CommTouch, while eFax.com is headed
for a Nasdaq delisting.

                           ADVERTISING/MARKETING 

                       7/26    7-Day   7-Day  1-Month         Market
       Company        $Close  $Change %Change %Change   YTD     Cap   

AVEA   Avenue A         9.94    1.69   20.5%   13.2%    N/A    530.3
VCLK   ValueClick      11.75    1.00    9.3%   16.8%    N/A    286.6
DCLK   DoubleClick     35.44    2.63    8.0%  -11.3%  -72.1%     4.3B
APLN   @Plan.Inc        6.88    0.50    7.8%  -11.3%  -30.6%    78.6
HPOL   Harris Inter.    4.38    0.00    0.0%  -24.3%  -66.6%   144.8
MMXI   Media Metrix    27.06   -0.12   -0.5%   15.8%  -24.6%   551.8
NCNT   Netcentives     14.50   -0.44   -2.9%   -9.7%  -76.8%   578.7
CBLT   Cobalt Group     6.25   -0.31   -4.8%   -4.8%  -33.6%   117.8
TFSM   24/7 Media      12.31   -1.06   -7.9%   -6.2%  -78.2%   353.2
LNTY   L90              8.81   -0.87   -9.0%  -14.5%    N/A    214.3
BFRE   Be Free          6.63   -0.69   -9.4%  -20.4%  -81.6%   493.6
DIGI   Digital Impact  16.38   -2.38  -12.7%    9.6%  -67.4%   406.9
PRME   Prime Response   8.00   -1.38  -14.7%   33.3%    N/A    175.5
ENGA   Engage          10.25   -1.81  -15.0%  -20.4%  -66.0%     1.9B
MYPT   MyPoints.com    15.13   -4.06  -21.2%  -11.4%  -79.6%   495.2
NTRT   NetRatings      19.13   -5.38  -21.9%  -32.0%  -60.4%   741.1
FSHP   FreeShop.com     4.50   -1.31  -22.6%  -12.2%  -90.7%    82.7
CGLD   CyberGold        7.00   -2.06  -22.8%  -11.1%  -60.6%   175.1
CSAV   coolsavings.com  3.13   -1.00  -24.2%  -50.0%    N/A    130.5
NTCR   NetCreations    29.69  -17.56  -37.2%  -35.1%  -32.8%   557.8
MPLX   Mediaplex        8.53  -10.59  -55.4%  -48.1%  -86.5%   342.3
---------------------------------------------------------------------
       Advertising/Marketing Ave.     -11.3%         

This may be the single most volatile Internet stocks sector, subject to
extreme gains and losses. Lately, though, it’s mostly been losses, as a
look at the YTD figures shows. This week the big loser is Mediaplex,
which reported a net loss of $5.1 million, up from a loss of $1 million
in last year’s Q2. A deal announced Thursday with eBay, under which the
online auction giant will use Mediaplex’s software to manage banner ads
on other Web sites, stops the slide for now. For the year, FreeShop.com
is down almost 91%. Maybe we should move it to the e-tail sector.
Strong Q2 revenue growth carries AvenueA to the

top of the group.

 
   CONSULTANTS/DESIGNERS  7/26   7-Day   7-Day  1-Month         Market
       Company          $Close  Change %Change %Change   YTD     Cap
                     
DTAS  Digitas            24.63   1.94    8.5%   42.8%    N/A     1.4B
MRCH  MarchFirst         23.88   0.44    1.9%   26.1%  -55.6%    3.5B
PXCM  Proxicom           44.75   0.38    0.8%   14.7%  -28.3%    2.4B
IIXL  iXL Enterprises    18.75  -0.02   -0.1%    9.9%  -66.3%    1.3B
LUMT  Luminant Worldwide  8.63  -0.06   -0.7%    1.5%  -81.1%  224.3
GENI  GenesisIntermedia  15.50  -0.38   -2.4%   -5.0%  165.7%   81.9
VIAN  Viant              34.75  -0.94   -2.6%   32.4%  -30.0%    1.6B
RAZF  Razorfish          19.50  -1.13   -5.5%   19.1%  -59.1%    1.8B
INFT  Inforte            49.06  -3.44   -6.5%   34.4%    N/A   614.4
OGNC  Organic            11.00  -1.06   -8.8%    N/A     N/A   943.4
ACOM  AGENCY.COM         22.13  -2.63  -10.6%   22.5%  -56.8%  769.9
IISX  Integrated Info.    7.56  -0.94  -11.0%   22.2%    N/A   149.6
LNTE  Lante              20.56  -2.69  -11.6%   -2.1%    N/A   945.6
PRFT  Perficient         10.75  -1.63  -13.1%  -26.5%  -16.0%   67.9
MMPT  Modem Media        13.88  -2.25  -14.0%   16.2%  -60.7%  425.1
PECS  PEC Solutions       8.50  -1.56  -15.5%  -22.3%    N/A   202.7
SCNT  Scient             48.50 -11.88  -19.7%   20.3%  -44.1%    3.7B
---------------------------------------------------------------------
      Consultants/Designers Ave.        -6.5%     

Digitas, which helps non-Internet companies develop Web strategies and networks,
reports pro forma cash earnings of 7 cents per share and a net loss of $5.3 million,
considerably lower than the net loss of $12.3 million in the year-ago quarter. The
market gets it wrong with consultant Scient, which reports a quarterly profit of 7
cents per share, up from a loss in the year-ago quarter, and revenue of $91.4 million,
up from $16.4 million. Prudential, however, gets it right, starting coverage of SCNT
with a “strong buy” rating and
an $88 target price.

 
                               SPEED/BANDWIDTH 

                         7/26    7-Day   7-Day  1-Month         Market
      Company           $Close  $Change %Change %Change   YTD     Cap 

ATON  Alteon WebSystems 151.13   34.00   29.0%   64.7%   71.6%    6.5B
TUTS  Tut Systems        87.81   19.56   28.7%   65.9%   63.2%    1.4B
SONS  Sonus Networks    237.00   52.19   28.2%   62.3%    N/A    14.5B
WGAT  WorldGate          28.38    3.56   14.4%   51.8%  -40.5%  602.0
JNPR  Juniper Networks  160.31    4.25    2.7%   26.8%  181.9%   47.0B
CSCO  Cisco Systems      68.56    1.75    2.6%   10.1%   27.6%  464.0B
SCMR  Sycamore Networks 137.00    1.94    1.4%   15.4%   33.0%   32.7B
BRCM  Broadcom          238.44    1.31    0.6%   30.1%   74.5%   48.3B
PKTR  Packeteer          39.25   -0.13   -0.3%   35.9%  -44.9%    1.1B
FFIV  F5 Networks        47.75   -1.38   -2.8%   -4.4%  -58.3%  906.9
INKT  Inktomi           112.00  -11.06   -9.0%   -7.2%   25.8%   13.3B
CAIS  CAIS Internet      11.69   -1.25   -9.7%  -17.3%  -67.2%  267.4
TERN  Terayon            61.13   -6.56   -9.7%  -12.8%   94.0%    3.7B
COVD  Covad              17.69   -2.31  -11.6%    4.4%  -52.7%    2.8B
HSAC  High Speed Access   5.56   -0.81  -12.7%   -6.3%  -68.5%  330.5
RDWR  Radware            31.88   -5.00  -13.6%   13.8%  -26.3%  482.5
INAP  InterNAP           40.63   -7.56  -15.7%    9.6%  -53.2%    6.5B
CFLO  CacheFlow          65.88  -17.13  -20.6%   26.7%  -49.8%    2.6B
ATHM  At Home            15.06   -3.94  -20.7%  -21.5%  -65.0%    6.4B
IBEM  iBEAM              13.63   -4.44  -24.6%  -27.8%    N/A     1.8B
RAMP  Ramp Networks       8.81   -3.50  -28.4%  -23.0%  -42.4%  226.0
AKAM  Akamai Tech.       84.69  -36.31  -30.0%  -27.2%  -74.2%   11.3B
----------------------------------------------------------------------
      Speed/Bandwidth Ave.          -4.6

%         

Among this group you will find four of the 13 Internet stocks that have gained
at least 60% this year — Juniper Networks (No. 2 behind wireless access provider
Datalink.net), Broadcom, Alteon WebSystems and Tut Systems. Alteon, which soared
on a quarterly report showing operating profitability, sinks on Friday after Nortel
Networks announced it was buying the switching vendor for $7.8 billion. Shares of
ATON were trading at $129 by noon. Tut shows operating profitability, while Sonus
Networks benefits from a reported sales decline for competitor Lucent Technologies.
Insider selling and warning of increased spending spooks investors of Akamai Technologies.

                             ISPs/ACCESS PROVIDERS

                        7/26   7-Day   7-Day  1-Month        Market
          Company      $Close $Change %Change %Change   YTD    Cap
                     
IZAP   ZapME!            3.94   0.91   29.9%   40.0%  -54.5%  162.2
QSCG   QS Comm.         21.25   3.88   22.3%   14.9%    N/A   898.5
PNVN   PNV               1.44   0.25   21.1%   -4.1%  -82.5%   23.9
TRRA   Terra Networks   43.31   2.63    6.5%   11.8%  -21.2%   11.0B
JWEB   Juno Online      10.00   0.59    6.3%    1.3%  -71.9%  356.8
ZIPL   Ziplink           5.50   0.31    6.0%   10.7%  -56.2%   58.2
NPLI   Netpliance        7.50   0.22    3.0%   25.0%    N/A   441.4
FSST   FASTNET           2.63   0.06    2.4%  -32.3%    N/A    40.3
GEEK   Internet America  4.88   0.06    1.3%   -3.7%  -58.9%   46.7
VNWI   VIA NET.WORKS    17.00   0.13    0.7%   -8.7%    N/A   939.3
PCNTF  Pacific Internet 15.63  -0.19   -1.2%  -12.0%  -66.8%  190.5
ATHY   AppliedTheory    12.25  -0.19   -1.5%   -5.8%  -56.0%  283.3
VRIO   Verio            54.94  -0.87   -1.6%   -6.6%   18.5%    4.3B
IDTC   IDT              38.63  -1.13   -2.8%   12.2%  103.9%    1.5B
VOYN   Voyager.net       8.63  -0.50   -5.5%  -14.0%   -6.5%  284.9
ONEM   OneMain.com      10.56  -0.62   -5.6%   -1.7%  -29.8%  266.4
FREE   Freeserve        48.00  -3.25   -6.3%   -2.4%  -48.0%    5.6B
RMII   RMI.Net           3.03  -0.22   -6.7%    N/A   -63.7%   63.9
LOAX   Log On America    5.03  -0.38   -6.9%  -14.4%  -75.2%   45.3
DSLN   DSL.net           7.77  -0.73   -8.6%  -15.5%  -46.4%  456.6
PRGY   Prodigy           8.03  -0.81   -9.2%  -24.4%  -58.7%  533.7
IIJI   Internet/Japan   53.25  -5.44   -9.3%  -14.1%  -45.4%    2.4B
NZRO   NetZero           5.81  -0.62   -9.7%    8.1%  -78.5%  596.3
BIZZ   Biznessonline.com 4.00  -0.47  -10.5%  -27.3%  -43.1%   40.7
KOREA  Korea Thrunet    12.25  -1.50  -10.9%  -20.0%  -82.0%    1.1B
ISLD   Digital Island   31.25  -4.00  -11.3%  -28.1%  -67.3%    2.0B
HANA   Hanaro Telecom    5.25  -0.75  -12.5%  -30.6%    N/A     1.5B
DDDC   Deltathree.com   10.00  -1.63  -14.0%    5.3%  -61.3%  305.1
PSIX   PSINet           19.88  -3.25  -14.1%  -21.7%  -35.8%    3.1B
TLCT   Telocity Delaware 4.50  -0.75  -14.3%  -11.1%    N/A   404.7
IGLD   Internet Gold     7.44  -1.31  -15.0%  -11.9%  -66.7%  146.3
GIGM   GigaMedia         7.13  -3.88  -35.2%  -44.1%    N/A   421.2
--------------------------------------------------------------------
       ISP/Access Provider Ave.        -3.5%    

ZapME!, the controversial provider of in-school Internet access (in return
for marketing data) has crawled up from a low close of $2 per share on May
31 to nearly double that by Wednesday. No catalyst, just slow-motion bottom-bouncing.
Taiwan access provider GigaMedia suffers from investor China jitters. Vying for
biggest YTD loser are truck-stop access provider PNV and Korea ThruNet, while
IDT is up 104% for the year, sixth-best among all ‘Net stocks.

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