Q2 Reports Could Make Or Break Many ‘Net Players

Until Wednesday, it wasn’t shaping up as a very good week for Internet
stocks. But Wednesday arrived in a big way, bringing with it huge one-day
gains for a number of stocks that otherwise had been down since July 5.

The main catalyst for the sharp upturn was 1) Indications that interest
rates won’t be raised later this month; 2) Yahoo’s stellar earnings; 3)
General optimism over upcoming quarterly reports; 4) All or some of the
above. A colleague of mine thinks Yahoo set up the market by downplaying Q2
expectations, thus getting a bounce of relief when it beat analysts’
earnings estimates and doubled revenue. He also thinks most ad-supported
sites will exceed projected numbers for Q2, perhaps sparking a summer run-up
for stocks many investors have been left for dead.

Some of these companies better hope that’s what happens, because I believe
this is an especially critical earnings season. A number of ‘Net stocks have
seen rallies that began in mid-April fizzle out, leaving them back or even
below the lows they reached when the market melted down in March.

With investors in the middle of a serious period of sorting winners from
losers, it behooves battered ‘Net tickers to show signs of life now.
Otherwise, they may find themselves permanently placed in the loser pile. Of
course, many of them fully deserve that assignation, but for those on the
cusp, the window of opportunity is now. The next three weeks will be
extremely important.

(I’ll be on vacation next week, so there will be no StockTracker Daily
column online or Internet StockTracker
weekly newsletter. See you in late July.)

NOTE: Market Cap figures are in millions of dollars unless otherwise
indicated. Float figures are in millions of shares, also unless otherwise
indicated.

PERFORMANCE BY SECTOR
                          Ave. 7-Day
                           % Change

Speed/Bandwidth              +7.7%
Consultants/Designers        +6.1%
Content/Communities          +4.1%
Security                     +3.3%
Wireless                     +3.2%
Performance Software         +3.2%
E-commerce Enablers          +2.3%
Internet Services            +1.5%
E-tailers                    -1.1%
Search/Portals               -1.7%
Financial Services           -2.0%
ISPs/Access Providers        -2.2%
Advertising/Marketing        -3.5%


TOP 10 GAINERS                 7-Day % Gain         Category

VMDC   VantageMed              80.0%        Performance Software
NTVN   Netivation.Com          75.0%        Content/Communities
IWAV   interWAVE               71.5%        Wireless
CKCM   Click Commerce          55.2%        E-commerce Enablers
AHWY   audiohighway.com        50.0%        E-tailers
SONS   Sonus Networks          41.8%        Speed/Bandwidth
DTHK   DigitalThink            41.4%        Content/Communities
ATON   Alteon WebSystems       39.6%        Speed/Bandwidth
ZDZ    ZDNet                   37.7%        Content/Communities
INFT   Inforte                 37.5%        Consultants/Designers


TOP 10 LOSERS                  7-Day % Loss          Category

EBKR   Ebookers.com           -35.3%        E-tailers
PLRX   PlanetRx.com           -30.4%        E-tailers
HCEN   HealthCentral.com      -28.6%        Content/Communities
FUSN   Fusion Networks        -27.4%        Internet Services
BVSN   BroadVision            -27.1%        E-commerce Enablers
EGGS   Egghead.com            -25.0%        E-tailers
MDLI   MedicaLogic            -23.8%        Internet Services
WAVO   WAVO Corporation       -23.1%        Performance Software
FAIM   FairMarket             -22.2%        E-commerce Enablers
ENTU   Entrust Technologies   -22.2%        Security

********************************************************************

                                   WIRELESS

                       7/12    7-Day   7-Day  1-Month  Market  Float
       Company        $Close  $Change %Change %Ch

ange  Cap. $

IWAV   interWAVE       22.94    9.56   71.5%   -4.4%     1.1B    8.5
VYYO   Vyyo            38.00    7.00   22.6%   35.1%     1.4B    6.8
PALM   Palm            36.75    4.31   13.3%   -4.5%    20.8B   23.0
PHCM   Phone.com       76.56    6.06    8.6%  -31.6%     6.0B   51.9
HAND   Handspring      29.13    2.00    7.4%    N/A      3.6B   10.0
PUMA   Puma Technology 25.94    1.25    5.1%  -35.6%     1.1B   31.9
GOAM   GoAmerica       14.44    0.19    1.3%   19.1%   681.5    10.0
MCOM   Metricom        27.81    0.00    0.0%  -34.6%   851.7    10.4
DLK    Datalink.net    13.94   -0.19   -1.3%  -31.0%   195.3     6.4
GWRX   Geoworks        14.00   -0.56   -3.9%  -33.5%   260.6    11.0
PRTH   Parthus Tech.   26.38   -1.62   -5.8%    N/A      1.4B   13.0
IIIM   i3 Mobile       16.13   -2.12  -11.6%   -9.2%   366.2     5.1
SVNX   724 Solutions   36.13   -8.44  -18.9%  -61.1%     1.3B    6.0
AETH   Aether Systems 152.63  -35.75  -19.0%   10.2%     5.8B    8.0
INSP   InfoSpace       46.13  -12.06  -20.7%  -25.9%    10.6B  112.5
--------------------------------------------------------------------
       Wireless Ave.                   +3.2%

Aether Systems, the top-performing Internet stock in the first half of the
year, finally cools off, dropping nearly 20% this week. Since closing at
$205 per share on June 30, AETH dropped for seven straight trading days. The
slump was short-lived, however, for the stock shot up $27.31 on Thursday.
Wireless systems provider interWAVE is this week’s sector leader and No. 3
gainer among all ‘Net stocks. IWAV announced this week the purchase of
Ireland’s Microcellular Systems in a $12.5 million deal. Insider selling
helps push Infospace to the bottom of the pack.

                                SEARCH/PORTALS

                       7/12   7-Day   7-Day  1-Month  Market   Float
       Company        $Close $Change %Change %Change  Cap. $

CHINA  Chinadotcom    21.63    2.69   14.2%    -7.5%    1.8B   16.80
GOTO   GoTo.com       15.56    1.19    8.3%    -6.0%  763.4    17.70
LOOK   LookSmart      21.19    1.06    5.3%    22.8%    1.9B   16.90
AOL    America Online 57.00    2.44    4.5%    11.4%  131.0B    2.30B
YHOO   Yahoo!        124.94    4.13    3.4%   -10.4%   67.9B  249.90
STRM   StarMedia      17.69   -0.50   -2.7%     2.5%    1.2B   31.30
BOUT   About.com      28.75   -1.83   -6.0%   -13.9%  509.5    10.60
SINA   SINA.com       28.81   -2.19   -7.1%   -24.4%    1.1B    4.00
LCOS   Lycos          44.25   -4.63   -9.5%   -32.5%    4.9B   77.30
ASKJ   Ask Jeeves     15.44   -2.63  -14.5%   -23.8%  550.0    17.80
GO     Go.com          9.88   -1.69  -14.6%   -21.0%    1.5B   42.20
--------------------------------------------------------------------
       Search/Portals Ave.            -1.7%

Judging by the flat debut Wednesday of Sohu.com and the recent buzz on the
street, Chinese portal IPOs these days are DOA. That may explain the surge
that took Chinadotcom to the top of this sector. After all, why bet on a
newbie when you can buy shares of a Chinese portal stock that has
demonstrated a strong upside? CHINA’s announcement that it is starting a
venture unit also may have boosted investor interest. I had this weird dream
that I had put Go.com on my HotWatch 2000 list of 10 “stocks to watch.” Even
news that the next installment of ABCNEWS.com’s monthly Webcast is an
investigation of online prostitution and escort services failed to move the
stock north. When sex doesn’t help you sell, you’ve got a real problem.
Remember when I wrote that many ‘Net stocks saw April rallies fizzle? Ask
Jeeves is one of them. ASKJ shares hit a new low closing price of $14 per
share on Tuesday. Maybe investors should try asking Jeeves for their money
back.

                              CONTENT/COMMUNITIES

                        7/12    7-Day   7-Day  1-Month Market  Float
Company         $Close$C

hange %Change %Change Cap. $

NTVN   Netivation.Com    2.63    1.13   75.0%   -4.5%   28.6    8.20
DTHK   DigitalThink     49.50   14.50   41.4%   70.7%    1.7B   4.40
ZDZ    ZDNet            13.25    3.63   37.7%    2.9%  997.6    9.80
NETR   NetRadio Corp.    2.31    0.63   37.0%  -24.5%   23.2    3.20
TGLO   theglobe.com      2.06    0.53   34.7%  -12.0%   62.9   16.80
VERT   VerticalNet      46.56   10.94   30.7%   12.7%    3.8B  47.90
CNET   CNET s           29.19    6.06   26.2%   -7.0%    2.5B  56.60
WOMN   Women.com         5.56    1.06   23.6%   39.1%  260.1   15.90
MKTW   MarketWatch.com  21.00    3.13   17.5%  -11.8%  296.4    8.50
STAD   Student Advantage 8.06    0.94   13.2%   30.3%  288.3    8.90
INTM   internet.com     21.63    2.50   13.1%   21.0%  542.5    9.00
ONES   OneSource         9.88    1.00   11.3%   31.7%  114.4    4.10
HOOV   Hoover's          7.88    0.44    5.9%    2.4%  102.3    4.90
LOIS   Loislaw.com       9.13    0.50    5.8%   43.1%  191.5    7.80
QKKA   Quokka Sports     8.75    0.38    4.5%   25.0%  389.6   14.20
TPN    TownPagesNet      1.63    0.07    4.5%  -13.3%   15.6    3.20
HOMS   Homestore.com    28.69    1.06    3.8%    5.0%    2.3B  46.30
NBCI   NBC Internet     12.25    0.44    3.7%  -30.5%  746.0   20.70
MLTX   Multex.com       26.00    0.75    3.0%   41.5%  787.7   20.30
KOOP   drkoop.com        1.81    0.03    1.8%   -7.9%   62.9   14.60
IVIL   iVillage          8.50    0.06    0.7%   17.2%  252.3   16.60
GNET   Go2Net           47.13    0.19    0.4%    7.1%    1.5B  22.20
SALN   Salon.com         1.25    0.00    0.0%  -28.6%   17.3    4.70
PASA   quepasa.com       1.44    0.00    0.0%  -30.3%   27.1   11.90
TSCM   TheStreet.com     6.13   -0.03   -0.5%  -10.9%  155.4   12.20
HSTM   HealthStream      5.38   -0.03   -0.6%  -10.4%  104.8    5.00
EWBX   EarthWeb         13.31   -0.13   -0.9%  -11.6%  140.3    6.80
MPPP   MP3.com          12.31   -0.44   -3.4%  -31.6%  838.0   20.40
EDGR   EDGAR Online      3.25   -0.13   -3.7%  -14.8%   40.5    4.00
VDAT   Visual Data       3.94   -0.19   -4.5%  -25.0%   33.4    6.30
SWBD   Switchboard       8.88   -0.44   -4.7%  -29.4%  218.7    5.50
LAUN   Launch Media      7.69   -0.50   -6.1%  -15.7%  103.9    8.00
SPLN   SportsLine.com   14.88   -1.25   -7.8%   -9.5%  392.2   13.20
KNOT   Knot              3.38   -0.31   -8.5%  -15.6%   49.2    3.50
SNOW   Snowball.com      4.31   -0.44   -9.2%    6.2%  162.0    6.30
ILIF   ilife.com         1.13   -0.13  -10.0%  -35.7%   15.7    4.60
TURF   iTurf             2.63   -0.31  -10.6%  -31.2%   55.4    8.70
TCTY   Talk City         1.38   -0.19  -12.0%  -26.7%   34.4   11.20
CBDR   CareerBuilder     3.63   -0.50  -12.1%    5.4%   86.3    5.70
IASIA  Asiacontent.com   2.94   -0.44  -13.0%  -35.6%  100.9    5.00
ARTD   Artistdirect      2.50   -0.50  -16.7%  -25.9%   92.4   11.80
IMPV   ImproveNet        2.19   -0.44  -16.7%  -41.7%   36.6    2.80
INFO   Infonautics       3.75   -0.88  -18.9%   -5.5%   45.7    9.30
HGAT   HealthGate Data   1.56   -0.41  -20.6%  -19.4%   27.9    0.90
HCEN   HealthCentral.com 2.50   -1.00  -28.6%  -39.4%  112.8   28.90
--------------------------------------------------------------------
       Content/Comm. Ave.               +4.1%

The good news for healthcare e-commerce/political software provider
Netivation.com (gee, I wonder why there’s a problem) is that its stock was
the No. 2 gainer across the board. The bad news is that NTVN is coming off
all-time lows and is struggling to stay above $2 per share. I would say the
bad outweighs the good here. “E-learning” products and services player
DigitalThink has been hot lately, gaining 71% in the past month. This week
shares get a nice bump from a key strategic alliance with global information
technology services giant EDS, which has agreed to buy $50 million in DTHK
software and services over the next five years for its own employees and
(separately) a

lso promised to deliver $100 million in revenue to
DigitalThink. As someone who has always been skeptical about the revenue
potential of “distance learning” on the ‘Net, I’m impressed.
HealthCentral.com and HealthGate Data are looking, well, unhealthy.

                                  E-TAILERS

                          7/12   7-Day   7-Day  1-Month  Market  Float
       Company           $Close $Change %Change %Change  Cap. $

AHWY   audiohighway.com   3.19    1.06   50.0%    37.8%   20.5    5.30
BFLY   Bluefly            2.91    0.66   29.2%    -8.8%   14.3    3.50
VSHP   VitaminShoppe.com  1.88    0.38   25.0%   -11.8%   38.2    4.40
ROOM   Hotel Network     37.25    6.06   19.4%     7.2%    2.1B   6.20
SKDS   SmarterKids.com    1.91    0.25   15.1%    12.9%   39.0    9.80
DSCM   Drugstore.com      7.69    0.69    9.8%    -8.5%  401.1   14.60
SQST   SciQuest.com      11.50    1.00    9.5%    -2.1%  326.4   13.60
CTIX   Cheap Tickets     13.13    0.97    8.0%    -9.9%  317.7    9.40
HOMG   HomeGrocer.com     6.63    0.44    7.1%    10.4%  849.6   56.40
EXPE   Expedia           19.94    1.31    7.0%    -0.9%  883.8    5.80
INSW   InsWeb Corp.       2.25    0.13    5.9%   -20.0%   79.1    9.50
EBAY   eBay              52.63    2.06    4.1%   -22.6%   13.8B 120.70
AMEN   Crosswalk.com      2.44    0.06    2.6%     1.3%   18.8    5.80
ASFD   Ashford.com        2.94    0.06    2.2%    -9.6%  132.1    8.50
FATB   Fatbrain.com       6.88    0.06    0.9%   -29.0%   89.4    5.50
ADBL   Audible            4.19    0.00    0.0%   -16.2%  114.6    9.90
LMIN   Lastminute.com    15.25    0.00    0.0%    29.8%  458.5   15.34
VSTY   Varsity Group      1.44    0.00    0.0%    -4.1%   22.6    1.90
BYND   Beyond.com         1.42   -0.02   -1.1%   -28.9%   54.1   14.80
ALOY   Alloy Online      10.94   -0.13   -1.1%   -23.9%  192.8    8.30
TMCS   Ticketmaster      16.00   -0.25   -1.5%   -13.8%    1.4B  34.60
HITS   Musicmaker.com     1.69   -0.03   -1.8%   -15.6%   55.9   12.90
BNBN   Barnes & Noble.com 6.44   -0.13   -1.9%   -23.4%  938.8   22.50
FASH   Fashionmall.com    2.20   -0.05   -2.1%    -7.2%   16.5    3.70
ETYS   eToys              5.69   -0.13   -2.2%    -9.0%  691.5   42.60
BUYX   BUY.COM            5.00   -0.13   -2.4%     N/A   658.1   21.10
ESTM   E-Stamp            1.72   -0.06   -3.5%   -36.0%   67.3   23.50
AMZN   Amazon.com        35.06   -1.44   -3.9%   -28.4%   12.3B 137.20
PCLN   priceline.com     35.63   -1.50   -4.0%   -18.1%    6.1B  53.00
PPOD   Peapod             3.19   -0.19   -5.6%    43.7%   57.2    8.30
COOL   Cyberian Outpost   4.69   -0.31   -6.3%     1.7%  133.5   14.00
EFTD   FTD.COM            2.25   -0.19   -7.7%   -22.6%  106.4    6.30
BGST   BigStar            1.06   -0.13  -10.5%   -33.9%   10.8    3.00
CDNW   CDnow              2.53   -0.34  -12.0%   -42.1%   83.0   10.80
GDEN   Garden.com         2.06   -0.38  -15.4%   -25.0%   36.3    5.50
EMUS   EMusic.com         1.88   -0.34  -15.5%   -30.2%   80.4   27.40
TIXX   Tickets.com        2.97   -0.59  -16.7%   -19.5%  172.9   29.70
VUSA   Value America      0.84   -0.19  -18.2%   -50.0%   38.4   13.60
IPET   Pets.com           1.75   -0.41  -18.8%   -15.2%   51.8    7.50
EGGS   Egghead.com        2.16   -0.72  -25.0%   -34.9%   86.9   31.00
PLRX   PlanetRx.com       1.00   -0.44  -30.4%   -64.0%   51.8   21.20
EBKR   Ebookers.com       6.06   -3.31  -35.3%   -57.5%  103.2    5.30
----------------------------------------------------------------------
       E-tailers Ave.                    -1.1%

When Internet StockTracker was launched in April 1999, it included a feature
called “Pennies From Hell,” a motley collection of stocks selling below $5
per share. Perhaps it’s time to revive that feature. This time, though, we
could call it “E-tailers.” Sector leader audiohighway.com buys some time by
forming a strategic alliance with Warner Music Group. AHWY must pay Warner
for t

he right to stream Warner music videos from its site; in return the
music industry giant will buy an equity stake in audiohighway.com, giving it
some much-needed cash. European online travel site ebookers.com on Monday
reassured investors that it is not running out of money and is close to
securing additional funding. The company was responding to reports that it
was going broke. We’ll know more next week, when EBKR releases Q2 earnings.

                               FINANCIAL SERVICES

                         7/12   7-Day   7-Day   1-Month  Market   Float
       Company          $Close $Change %Change  %Change  Cap. $

NXCD   NextCard          10.00   1.00   11.1%    -9.6%   528.1    20.60
AMTD   Ameritrade        12.44   0.88    7.6%     0.5%     2.2B   42.70
TREE   LendingTree        8.00   0.13    1.6%    19.6%   144.2     3.70
NTBK   [email protected]          12.00   0.19    1.6%   -14.7%   359.7    24.30
EGRP   E*TRADE           16.50   0.19    1.1%    -4.0%     4.8B  160.40
WEBS   Web Street         2.53   0.00    0.0%     3.8%    65.1    10.30
EELN   E-LOAN             4.56  -0.06   -1.4%   -22.3%   192.2    10.50
ICGE   Internet Capital  32.38  -0.63   -1.9%    -4.8%     8.6B  169.40
MDCM   Mortgage.com       1.47  -0.03   -2.1%   -26.6%    65.0    14.60
CMGI   CMGI              43.44  -0.94   -2.1%   -23.3%    12.8B  206.70
WITC   Wit Soundview     11.06  -0.38   -3.3%    23.8%   996.5    51.00
DIR    DLJdirect          7.19  -0.31   -4.2%   -16.7%   737.8    15.40
ECMV   E Com Ventures     2.25  -0.50  -18.2%   -25.0%    22.0     2.80
LINE   onlinetrading.com  5.00  -1.13  -18.4%   -13.0%    57.4     2.30
-----------------------------------------------------------------------
       Financial Services Ave.          -2.2%

The market is down on online brokers. The market is down on Internet
incubators. No wonder the Financial Services sector is down. Like a
light-hitting baseball team that scratches out the winning run with two
singles and a stolen base, online Visa card distributor NextCard strings
together some smallish daily gains to top the sector this week. E Com
Ventures and onlinetradinginc.com, in contrast, go down swinging. ECMV has
hit new low closing prices for three straight trading sessions through
Thursday.

                               E-COMMERCE ENABLERS

                        7/12   7-Day   7-Day  1-Month  Market   Float
      Company          $Close $Change %Change %Change  Cap. $

CKCM  Click Commerce    31.81   11.31   55.2%    N/A     1.2B    5.00
INTW  InterWorld        26.69    6.19   30.2%   45.2%  754.1    12.20
ARTG  Art Technology   122.00   25.38   26.3%   75.5%    8.1B   34.60
ITWO  i2 Technologies  123.19   21.94   21.7%   -1.0%   19.7B   71.80
APNT  AppNet            40.81    6.63   19.4%   28.8%    1.4B   21.70
EPNY  E.piphany        119.69   18.69   18.5%   22.1%    5.3B   30.50
CMRC  Commerce One      51.88    8.00   18.2%   -8.0%    8.1B  121.40
CYBS  CyberSource       17.00    2.38   16.2%   -3.5%  440.9    15.30
CYSV  Cysive            26.13    3.25   14.2%   -2.8%  724.2     8.00
WEBM  webMethods       169.06   18.69   12.4%   19.7%    5.5B    4.10
PRTS  PartsBase.com      6.88    0.75   12.2%    3.8%  101.8     3.50
QSFT  Quest Software    57.56    5.81   11.2%   30.8%    4.9B   26.60
BBSW  Broadbase         34.00    3.13   10.1%   21.4%    1.6B   29.30
DRIV  Digital River      8.06    0.69    9.3%  -38.6%  176.1    16.20
ABTL  Autobytel.com      6.69    0.56    9.2%   -6.1%  135.2     8.90
BRNC  Braun Consulting  23.63    1.75    8.0%    1.6%  471.5     8.60
ASWX  Active Software   83.00    6.13    8.0%   35.2%    2.1B   14.20
CYCH  CyberCash          5.94    0.44    8.0%   -8.6%  147.2    13.90
OPUS  Opus360            4.00    0.25    6.7%    1.6%  200.3     7.70
ARBA  Ariba            103.50    6.25    6.4%   36.2%   24.4B  132.00
STCS  Software Tech.    30.50    1.75    6.1%    5.2%

   2.1B    4.00
PPRO  PurchasePro.com   41.25    2.31    5.9%    5.8%    1.4B   22.10
RETK  Retek             31.06    1.50    5.1%   38.1%    1.5B    6.10
SLTC  Selectica         75.00    3.56    5.0%   27.8%    2.7B    4.00
AGIL  Agile Software    75.00    3.25    4.5%   28.6%    3.5B   24.90
PFSW  PFSweb             4.50    0.13    2.9%  -41.5%   80.4     3.00
ROWE  Rowecom            5.63    0.16    2.9%  -15.9%   58.2     6.80
PRVW  Preview Systems   11.50    0.06    0.5%   -8.9%  194.6    10.20
ELCO  Elcom Int.         6.75    0.00    0.0%    9.1%  207.3    20.00
FIRE  FirePond          37.00    0.00    0.0%   80.5%    1.3B    5.00
QUOT  Quotesmith.com     2.06    0.00    0.0%   -8.3%   39.7     8.30
PRSW  Persistence       19.25   -0.16   -0.8%   10.0%  375.6    10.70
LQID  Liquid Audio       8.31   -0.19   -2.2%  -19.9%  183.4    14.30
GSPT  Global Sports      7.75   -0.25   -3.1%   59.0%  168.2     5.20
DGIN  Digital Insight   29.50   -1.50   -4.8%  -27.2%  686.1    12.60
OMKT  Open Market       11.94   -0.63   -5.0%  -32.3%  552.3    37.90
AWEB  Autoweb.com        2.00   -0.13   -5.9%  -20.0%   58.8     8.50
ORCC  Online Resources   6.00   -0.38   -5.9%  -16.5%   71.2     5.80
CLIC  Calico Commerce   14.88   -0.94   -5.9%   -7.0%  520.2    16.80
NETP  Net Perceptions   14.75   -0.95   -6.1%  -21.3%  393.1    16.30
USIT  U.S. Interactive  13.69   -0.94   -6.4%   -2.7%  363.0    17.20
SABA  Saba Software     17.75   -1.25   -6.6%  -19.8%  773.7     4.00
EPAY  Bottomline Tech.  28.88   -2.06   -6.7%   -8.2%  313.8     7.00
SNHK  Sunhawk.com       14.00   -1.00   -6.7%  -19.4%   42.1     1.50
PCOR  pcOrder.com        6.75   -0.52   -7.1%  -30.8%  113.6     3.30
CORI  Corillian Corp.   15.75   -1.25   -7.4%  -10.6%  465.0     4.00
XCAR  XCare.net          5.38   -0.53   -9.0%  -25.2%   87.3     5.00
TANN  Tanning Tech.     13.00   -1.38   -9.6%  -21.2%  268.9     4.60
NEOF  Neoforma.com       6.31   -0.69   -9.8%  -22.3%  436.1     7.00
ITRA  Intraware         13.34   -1.53  -10.3%  -16.6%  349.8    16.80
ONVI  Onvia.com          7.09   -0.87  -11.0%  -22.0%  571.2     8.00
HCOM  HomeCom            0.94   -0.13  -11.8%  -14.3%    7.7     4.50
IMPV  ImproveNet         2.19   -0.44  -16.7%  -41.7%   36.6     2.80
BTBC  b2bstores.com      1.94   -0.41  -17.3%  -42.0%   16.7     4.00
FAIM  FairMarket         5.25   -1.50  -22.2%  -48.8%  147.8     5.00
BVSN  BroadVision       39.75  -14.81  -27.1%  -23.6%    9.9B  152.40
---------------------------------------------------------------------
      E-commerce Enablers Ave.          +2.3%

B2B channel management product and services provider Click Commerce has
lived a charmed life since going public on June 27, when it closed at
$17.63. Since then shares have more than doubled in price through Thursday,
finishing at $36.50. B2B software company InterWorld, which targets
manufacturers, retailers and distributors, grabs the runner-up slot this
week, thanks in part to news that it landed clothing retailer AnnTaylor.com
as a customer. Art Technology Group benefits from news that it wooed
American Airlines away from competitor BroadVision, which lands in the
basement. ATG will manage the airline’s Web site.

                                 SECURITY

                      7/12   7-Day   7-Day  1-Month  Market   Float
        Company      $Close $Change %Change %Change  Cap. $

WGRD   WatchGuard     66.00   17.00   34.7%   45.5%    1.5B   11.20
PILT   Pilot Network  16.06    2.19   15.8%   19.0%  242.2    10.00
CHKP   Check Point   231.69   21.13   10.0%    1.3%   17.8B   55.30
ITRU   InterTrust     20.50    1.50    7.9%   -9.6%    1.7B   56.50
RSAS   RSA Security   74.06    5.19    7.5%   22.5%    2.9B   30.40
AXNT   AXENT          23.75    1.13    5.0%   12.1%  684.1    26.50
ISSX   ISS Group      99.00    2.00    2.1%   26.3%    4.1B 19.30
NSSI   Network-1       5.31   -0.13   -2.3%   -4.5%   32.7  2.6

0
VONE   V-ONE Corp.     4.41   -0.53  -10.8%   -4.7%   91.0    11.60
LTNX   Litronic        8.00   -1.00  -11.1%  -15.8%   79.0     5.50
ENTU   Entrust        28.50   -8.13  -22.2%  -53.7%    1.5B   11.30
-------------------------------------------------------------------
       Security Ave.                  +3.3%

No news behind firewall vendor WatchGuard Technologies big week. There’s
also no news behind WGRD’s 139% increase since May 31. But there it is.
WatchGuard easily outdistances second-place finisher Pilot Network Services,
which has recovered from a hit it took in mid-June when it was mentioned in
a Barron’s article as one of the Internet companies in danger of running out
of cash in the next few months. Bear Stearns cuts its rating of Entrust
Technologies to “attractive” from “buy” following the company’s merger with
enCommerce, citing (among other things) higher perceived integration risks.
A question: If a stock is rated below “buy,”
how can it be “attractive”?

                             PERFORMANCE SOFTWARE

                         7/12   7-Day   7-Day  1-Month  Market  Float
       Company          $Close $Change %Change %Change  Cap. $

VMDC   VantageMed         3.38   1.50   80.0%   80.0%    29.0    3.00
IWOV   Interwoven       149.19  30.88   26.1%   97.9%     3.6B  14.70
EMBT   Embarcadero       29.25   5.25   21.9%   67.7%   769.9    4.00
RWAV   Rogue Wave         5.63   0.88   18.4%    9.8%    60.8    7.80
IMAN   iManage           11.38   1.75   18.2%    8.3%   249.9    8.80
WEBT   WebTrends         38.94   5.44   16.2%    5.4%     1.0B  12.80
PKSI   Primus Knowledge  52.00   7.13   15.9%    7.8%   918.0   10.40
EPRS   Eprise            18.44   2.44   15.2%   36.6%   463.1    4.00
CLRN   Clarent           82.75  10.94   15.2%   40.1%     2.7B   9.10
VATA   Versata           38.75   3.88   11.1%  -15.3%     1.5B   3.90
INSO   Inso               5.88   0.50    9.3%    3.9%    99.2   12.30
PRSF   Portal Software   67.38   5.50    8.9%   31.1%    10.9B  92.10
WBSN   Websense          28.13   2.25    8.7%   -4.3%   548.7    4.00
OTGS   OTG Software      39.06   2.94    8.1%   43.7%   995.7    5.00
TIBX   Tibco Software   117.31   7.81    7.1%   57.7%    22.1B  22.70
COBT   Cobalt Networks   54.00   3.56    7.1%   33.3%     1.5B  13.60
VIAD   Viador            16.56   1.06    6.9%   12.3%   276.8    6.00
VOCL   VocalTec          23.75   1.38    6.1%    3.5%   287.2    6.20
MONE   MatrixOne         43.50   2.50    6.1%   67.3%     1.8B   5.00
GTHR   GetThere          10.88   0.56    5.5%    2.4%   363.5    6.40
SONE   S1 Corp.          22.50   0.94    4.3%  -37.7%     1.2B  36.80
BLSW   Bluestone         25.75   0.81    3.3%    3.0%   525.5   10.80
SPYG   Spyglass          36.38   0.88    2.5%   -8.8%   633.0   15.80
NSPK   NetSpeak           9.44   0.13    1.3%  -11.2%   130.4    6.10
SSSW   SilverStream      55.00   0.63    1.1%   56.9%     1.1B  11.70
BWEB   BackWeb           23.72   0.16    0.7%   28.2%   881.2   24.10
CTRA   Centra Software    9.38  -0.06   -0.7%  -17.7%   226.3    5.00
DTEC   Delano Tech.      11.88  -0.13   -1.0%   -5.9%   356.0    5.00
SWCM   Software.com     123.00  -2.63   -2.1%   35.2%     5.9B  30.90
ALLR   Allaire           38.13  -0.88   -2.2%  -29.6%     1.0B  17.60
PASW   Pacific Softworks  2.44  -0.06   -2.5%  -26.4%    11.0    1.20
LBRT   Liberate Tech.    24.75  -0.88   -3.4%   -0.8%     2.2B  36.90
IPIX   Internet Pictures 15.63  -0.56   -3.5%   -6.0%   923.1   46.70
DGV    Digital Lava       5.88  -0.25   -4.1%  -13.0%    27.5    3.80
RHAT   Red Hat           23.06  -1.00   -4.2%    5.7%     3.6B  87.60
RNWK   RealNetworks      46.75  -2.38   -4.8%    6.7%     7.3B  83.80
LOUD   Loudeye Tech.     18.06  -1.06   -5.6%   -9.1%   664.6    4.50
NTGX   net.Genesis       17.69  -1.06   -5.7%   -9.9%   372.5    4.30
NESY   NEON Systems      17.19  -1.31   -7.1%  -22.1%   162.0    4.20
SGNT  Sage

nt Tech.      12.00  -1.00   -7.7%   68.4%   338.6    9.00
VIGN   Vignette Corp.    46.13  -3.94   -7.9%   19.8%     8.9B 140.70
EXTN   Extensity         31.44  -3.94  -11.1%   22.1%   742.6    4.00
OTEX   Open Text         18.19  -2.63  -12.6%  -32.6%   367.0    9.90
FVCX   FVC.com            6.91  -1.22  -15.0%  -31.8%   118.8    8.60
SQSW   Sequoia Software  16.00  -2.88  -15.2%   73.0%   476.0    5.00
TMNT   Telemate.Net       2.75  -0.50  -15.4%  -15.4%    21.3    2.90
NTOP   Net2Phone         31.94  -6.06  -16.0%  -11.3%     1.8B  16.00
WAVO   WAVO Corp.         0.63  -0.19  -23.1%  -51.2%    18.5   23.70
---------------------------------------------------------------------
       Performance Software Ave.        +3.2%

You don’t usually see the market taking a long view when a company announces
short-term restructuring costs, but investors seem to love VantageMed’s
plans to reduce operating expenses. So much so that VMDC was the top gainer
among all ‘Net stocks this week. The healthcare information software and
services company last week said it would take a restructuring charge of $2
million to $3 million in Q2, write down some intangible assets and reduce
operating expenses. Content management software provider Interwoven is the
top gainer in the past month of all Internet stocks, nearly doubling in
price. This week’s advance can be credited in large part to its planned
purchase of Neonyoyo (no, I’m not making that name up), a private company
that makes software that enables the delivery of targeted XML content via
wireless.

                                INTERNET SERVICES

                        7/12   7-Day   7-Day  1-Month   Market   Float
      Company          $Close $Change %Change %Change   Cap. $

MAIL  Mail.com           8.56    2.31   37.0%   42.7%   486.4    12.20
NETZ  Netzee             7.63    1.81   31.2%   13.0%   165.5    10.00
KEYN  Keynote Systems   80.00   16.19   25.4%   52.7%     2.1B   12.00
DRTN  Data Return       36.13    7.13   24.6%   72.5%     1.3B   10.30
SRCH  US SEARCH.com      2.94    0.53   22.1%   62.1%    52.7     4.70
EGAN  eGain             14.50    2.00   16.0%   22.1%   429.2    15.40
EGRT  Egreetings         1.69    0.19   12.5%  -15.6%    59.0     6.00
HOTJ  HotJobs.com       14.69    1.44   10.8%    1.3%   468.0     8.30
HLTH  Healtheon/WebMD   15.81    1.50   10.5%  -13.1%     2.9B  120.20
VCNT  Vicinity          19.50    1.63    9.1%  -10.1%   547.7     7.00
DIGX  Digex             75.69    6.25    9.0%   19.5%     4.8B   23.90
RCOM  Register.com      35.63    2.94    9.0%   22.3%     1.1B    5.00
SAPE  Sapient          105.94    7.75    7.9%   -7.9%     6.2B   28.20
VRSN  VeriSign         177.69   11.19    6.7%    6.4%    20.5B   87.70
NTWO  N2H2               4.50    0.25    5.9%  -17.7%   101.0     9.20
LPSN  LivePerson         8.75    0.44    5.3%   10.2%   256.9     4.00
LIOX  Lionbridge         9.19    0.44    5.0%   -4.5%   231.9     7.10
JPTR  Jupiter           26.00    1.13    4.5%    7.2%   401.9     8.30
WNET  WHEREVER.net       3.94    0.16    4.1%    5.0%   100.5     2.30
CPTH  Critical Path     59.50    2.13    3.7%   30.9%     3.7B   44.20
CRFH  Crayfish           6.31    0.22    3.6%  -59.3%   321.1     4.00
EXDS  Exodus            41.94    1.25    3.1%   -6.4%    17.3B  354.60
ITXC  ITXC Corp.        36.44    0.44    1.2%   -3.8%     1.4B   13.10
SKIL  SkillSoft         13.50    0.13    0.9%   52.1%   178.7     4.10
ECRU  E-Cruiter.com      4.00    0.00    0.0%   -3.0%    29.5     2.50
NAVI  NaviSite          41.50    0.00    0.0%   -7.8%     2.3B   11.30
WQNI  WorldQuest         6.00    0.00    0.0%  -28.4%    38.3     2.80
IPRT  iPrint.com         4.75    0.00    0.0%   -5.0%   142.2     4.50
ACRU  Accrue Software   32.06   -0.44   -1.3%    5.6%   880.5    15.40
MRBA  Marimba           17.19   -0.25   -1.4%   -5.8%   400.6    14.50
JFAX  JFAX.COM           1.72   -0.03   -1

.8%   10.0%    62.1     9.40
IBAS  iBasis            38.38   -0.88   -2.2%   32.3%     1.3B   16.30
KANA  Kana Comm.        65.31   -1.56   -2.3%   23.2%     5.9B   32.40
CONV  Convergent         7.19   -0.19   -2.5%   -8.7%   209.5    15.20
EFAX  eFax.com           1.06   -0.03   -2.9%  -15.0%    14.0     7.40
NVDC  Navidec            8.63   -0.31   -3.5%  -19.8%    95.4     7.90
USIX  USinternetworking 17.38   -0.81   -4.5%   -9.7%     1.7B    4.80
CAVN  Cavion Tech.       9.19   -0.44   -4.5%  -16.0%    45.6     2.60
CLAI  Claimsnet.com      2.94   -0.19   -6.0%   -9.6%    23.0     5.10
CHRD  Chordiant         15.13   -1.06   -6.6%   21.0%   554.8     4.50
CTCH  CommTouch         31.19   -2.31   -6.9%   -0.4%   474.0     3.00
BWAY  Breakaway Sol.    27.50   -2.75   -9.1%  -26.9%   970.2    10.20
HHNT  HeadHunter.NET     7.94   -1.06  -11.8%    N/A     86.6     3.20
SVVS  Savvis            10.94   -1.56  -12.5%  -27.1%     1.0B   18.60
STMP  Stamps.com         6.02   -0.86  -12.5%  -44.0%   293.9    17.60
INIT  Interliant        19.25   -3.50  -15.4%  -22.6%   914.8    10.90
ETIN  Etinuum            4.25   -0.78  -15.5%  -28.4%    76.4     6.70
LFMN  Lifeminders       22.00   -5.13  -18.9%  -44.3%   520.3    11.10
MDLI  MedicaLogic        6.69   -2.09  -23.8%    1.9%   267.0    23.60
FUSN  Fusion Networks    1.41   -0.53  -27.4%  -40.8%    38.6     4.40
----------------------------------------------------------------------
      Internet Services Ave.            +1.5%

Messaging services provider Mail.com rises on Tuesday and Wednesday on heavy
volume triggered by call buying from a single options trader, according to
someone at the Chicago Board Options Exchange. MAIL also announced a
partnership with BulletIN.net, a wireless products and services vendor, that
will enable Mail.com customers in the United Kingdom to send and receive
e-mail using wireless handsets. Internet banking services provider Netzee is
another company on Barron’s latest list of expected cash-burn victims. After
a couple of weeks of threatening to fall below $5 per share – and thus
qualifying as an e-tailer – Netzee rallies for no particular reason.
Internet portal software maker Fusion Network Holdings has lost 41% of its
value in the past month, leaving it with an anemic market cap of $38.6
million. But that’s still more than twice as much as eFax.com’s $14 million
cap.

                             ADVERTISING/MARKETING

                        7/12    7-Day   7-Day   1-Month  Market  Float
       Company         $Close  $Change %Change  %Change  Cap. $

PRME  Prime Response     8.31    0.81   10.8%    44.6%   171.6    4.10
NTRT  NetRatings        28.88    2.00    7.4%     0.4%   930.4    6.10
MPLX  Mediaplex         18.75    1.13    6.4%    -1.3%   618.5   10.90
AVEA  Avenue A           8.50    0.50    6.3%   -39.6%   494.0   29.60
MMXI  Media Metrix      28.06    0.81    3.0%   -15.6%   556.8   12.70
HPOL  Harris Interactive 4.50    0.13    2.9%   -25.0%   145.3    9.00
MYPT  MyPoints.com      16.50    0.44    2.7%     6.9%   480.6   14.00
CGLD  CyberGold          7.81    0.13    1.6%    10.6%   169.7    7.80
NCNT  Netcentives       18.38    0.13    0.7%    38.7%   762.9   21.20
TFSM  24/7 Media        13.88   -0.19   -1.3%   -18.4%   366.4   19.30
FSHP  FreeShop.com       5.81   -0.09   -1.6%   -18.4%    91.0    6.60
DIGI  Digital Impact    13.31   -0.31   -2.3%    -8.6%   328.3    7.40
APLN  @Plan.Inc          6.13   -0.25   -3.9%    -4.9%    68.8    2.60
CBLT  Cobalt Group       6.13   -0.31   -4.9%   -10.9%   105.6    6.60
LNTY  L90                9.38   -0.69   -6.8%    -0.7%   206.1    6.50
BFRE  Be Free            8.22   -1.12  -12.0%   -31.5%   532.1   26.50
ENGA  Engage            12.25   -1.88  -13.3%   -21.0%     2.1B  10.40
VCLK  ValueClick         8.03   -1.34  -14.3%   -31.7%   224.6    4.00
DCLK  DoubleClick       31.50   -6.00  -16.0%   -26.9% 3.9B  90.

60
CSAV  coolsavings.com    4.88   -1.13  -18.8%   -20.4%   188.6    3.30
NTCR  NetCreations      42.25   -9.95  -19.1%    -3.4%   654.7    3.30
----------------------------------------------------------------------
      Advertising/Marketing Ave.        -3.5%

The big loser this week among all sectors, Advertising/Marketing sees only
one stock register double-digit gains, while a half-dozen turn the reverse
trick on the south side. On a monthly basis, only two companies here – this
week’s sector leader, Prime Response, and Netcentives – have done much of
anything. Prime, which sells customer relationship marketing software, gets
its first payoff from a recent alliance with Anderson Consulting, signing up
three clients, including Chase Insurance. E-mail marketing services company
NetCreations falls after departure of its CFO.

                              CONSULTANTS/DESIGNERS

                         7/12    7-Day   7-Day  1-Month   Market  Float
      Company           $Close   Change %Change %Change   Cap. $

INFT  Inforte            55.00   15.00   37.5%    50.7%   678.8    2.00
VIAN  Viant              35.13    7.38   26.6%     2.9%     1.7B  24.10
MRCH  MarchFirst         21.38    3.81   21.7%    -5.3%     3.1B 130.70
PXCM  Proxicom           53.69    7.19   15.5%    17.0%     3.0B  18.40
RAZF  Razorfish          18.31    2.44   15.4%   -10.4%     1.7B  57.70
DTAS  Digitas            20.38    2.00   10.9%    11.6%     1.2B   9.30
PECS  PEC Solutions       9.25    0.81    9.6%   -17.8%   205.5    3.00
SCNT  Scient Corp.       44.38    3.63    8.9%   -22.6%     3.2B  30.70
MMPT  Modem Media        13.00    0.81    6.7%   -12.6%   316.4    8.80
IISX  Integrated Info.    8.06    0.19    2.4%    -3.0%   165.0    4.60
OGNC  Organic            10.13    0.13    1.3%   -10.5%   888.6    8.10
IIXL  iXL Enterprises    15.25    0.00    0.0%   -19.2%     1.1B  20.20
GENI  GenesisIntermedia  15.50   -0.56   -3.5%     2.5%    83.9    2.30
ACOM  AGENCY.COM         15.81   -1.56   -9.0%   -25.6%   558.1    9.50
LNTE  Lante              21.00   -2.50  -10.6%   -27.0%   827.4    4.00
PRFT  Perficient         12.13   -1.69  -12.2%   -13.4%    73.6    3.10
LUMT  Luminant            7.06   -1.44  -16.9%   -35.8%   186.4   15.30
-----------------------------------------------------------------------
      Consultants/Designers Ave.         +6.1%

This week’s top gainer is also this month’s top gainer. Last week Inforte
was added to the Russell 2000 Index, good for a nice bump. The company
climbed from $44 to $55 per share on Wednesday alone, riding the wave of
Internet gainers. Viant catches the same wave, getting a little less
distance. MarchFirst has rolled out a national advertising campaign with
some nice television spots. Luminant Worldwide is making a run at its
all-time low close of $6.38 set on May 31.

                                 SPEED/BANDWIDTH

                          7/12   7-Day   7-Day  1-Month  Market   Float
        Company          $Close $Change %Change %Change  Cap. $

SONS  Sonus Networks     201.75  59.44   41.8%    95.9%   12.2B    5.00
ATON  Alteon WebSystems  129.13  36.63   39.6%    77.2%    5.3B   30.60
CFLO  CacheFlow          73.50   12.69   20.9%    28.4%    2.6B    5.00
TUTS  Tut Systems        66.19   10.75   19.4%    11.4%    1.0B   10.40
TERN  Terayon            73.75   11.50   18.5%    11.1%    4.6B   33.40
WGAT  WorldGate          20.25    2.88   16.5%    13.7%  436.3    12.50
RDWR  Radware            28.63    2.94   11.4%     4.1%  442.8     8.00
SCMR  Sycamore Networks 123.13   10.19    9.0%    20.5%   30.1B   49.00
INKT  Inktomi Corp.     127.56   10.06    8.6%     6.1%   14.1B   83.90
JNPR  Juniper Networks  151.94   10.56    7.5%    28.2%   47.7B  153.90
BRCM  Broadcom Corp.    236.69   15.00    6.8%    55.3%   50.9B  137.60
COVD  Covad              19.50    1.00    5.4%   -26.6%   2.9B   4

1.40
PKTR  Packeteer          31.00    1.44    4.9%    20.4%  840.3    10.60
CSCO  Cisco Systems      63.88    2.00    3.2%    -1.7%  448.6B    6.88B
AKAM  Akamai            113.50   -1.69   -1.5%    15.8%   11.8B   37.50
HSAC  High Speed Access   6.03   -0.25   -4.0%   -18.2%  335.8    31.70
ATHM  At Home Corp.      18.38   -0.81   -4.2%   -10.1%    7.3B  166.80
FFIV  F5 Networks        45.69   -2.44   -5.1%    -2.0%  973.5     8.90
RAMP  Ramp Networks      11.06   -0.63   -5.3%   -20.3%  235.3     7.90
CAIS  CAIS Internet      12.13   -0.86   -6.6%   -21.4%  278.9     9.00
INAP  InterNAP           38.00   -3.56   -8.6%    14.9%    5.1B   60.40
IBEM  iBEAM              17.88   -1.81   -9.2%   -24.1%    1.9B   11.00
-----------------------------------------------------------------------
      Speed/Bandwidth Ave.               +7.7%

Like Click Commerce, IP voice infrastructure provider Sonus Networks has
avoided the Internet IPO market meltdown. SONS went public on May 25,
closing at $50.50. On Wednesday it closed above $200 per share for the first
time, after soaring 42% since last Friday (though the stock gave back nearly
$10 on Thursday). Joining SONS on the list of 10 top gainers is Alteon
WebSystems, which announced this week that it reached operating
profitability in the quarter ended June 30, three quarters ahead of
schedule. ATON makes Web switches and other traffic management products.
With several other double-digit gainers and no big losers, this sector
easily leads all others for the week.

                             ISPs/ACCESS PROVIDERS

                        7/12    7-Day   7-Day  1-Month  Market  Float
          Company      $Close  $Change %Change %Change  Cap. $

PCNTF Pacific Internet  19.88    4.31   27.7%    -2.8%  251.3    2.50
IGLD  Internet Gold      9.63    1.38   16.7%     4.1%  177.4    4.50
KOREA Korea Thrunet     15.19    1.31    9.5%   -19.0%    1.0B  10.10
GIGM  GigaMedia         12.44    0.81    7.0%   -30.9%  607.3    8.80
IZAP  ZapME!             3.06    0.19    6.5%     N/A   134.7   18.90
JWEB  Juno Online       11.25    0.41    3.7%    11.1%  435.5   17.80
LOAX  Log On America     5.50    0.19    3.5%   -12.0%   45.8    5.30
IDTC  IDT Corp.         37.38    0.94    2.6%    27.8%    1.4B  24.50
RMII  RMI.Net            3.13    0.03    1.0%   -22.5%   65.2   14.60
NZRO  NetZero            5.50    0.00    0.0%   -22.5%  576.6   23.10
DDDC  Deltathree.com    12.69   -0.19   -1.5%     6.3%  364.3    1.80
ATHY  AppliedTheory     13.00   -0.25   -1.9%   -23.2%  303.7    5.10
VNWI  VIA NET.WORKS     15.31   -0.31   -2.0%   -11.2%  913.2   16.40
DSLN  DSL.net            9.06   -0.31   -3.3%   -12.6%  591.2   24.10
TRRA  Terra Networks    33.06   -1.19   -3.5%   -23.8%    9.1B  22.30
BIZZ  Biznessonline.com  4.94   -0.19   -3.7%   -13.2%   44.6    4.70
FREE  Freeserve         47.00   -2.00   -4.1%   -38.2%    5.4B  19.64
VRIO  Verio             53.39   -2.48   -4.4%    -6.3%    4.3B  48.60
PNVN  PNV                1.31   -0.06   -4.5%   -34.4%   20.9    9.40
ONEM  OneMain.com       10.44   -0.56   -5.1%    -8.2%  261.7   19.60
VOYN  Voyager.net        9.23   -0.52   -5.3%   -11.5%  292.3   10.10
PSIX  PSINet            22.38   -1.25   -5.3%   -30.1%    3.5B  91.30
HANA  Hanaro Telecom     6.56   -0.44   -6.3%   -18.0%    1.7B  24.00
IIJI  Internet/Japan    55.00   -3.88   -6.6%   -10.9%    2.5B  26.10
ZIPL  Ziplink            5.13   -0.38   -6.8%   -19.6%   66.3    3.90
GEEK  Internet America   4.63   -0.38   -7.5%   -14.0%   44.9    7.20
QSCG  QS Comm. AG       16.88   -1.63   -8.8%   -32.5%  860.2   10.10
FSST  FASTNET            3.00   -0.31   -9.4%   -27.3%   45.0    4.30
PRGY  Prodigy            9.06   -1.31  -12.7%   -21.2%  586.3   22.60
ISLD  Digital Island    41.81   -6.56  -13.6%    10.4%    2.8B  61.50
TLCT  Telocity Delaware  4.22   -0.72  -14.6%   -45.1%  360.6   14.50
NPLI  Netpliance   5.92   -1.33

-18.3%   -12.3%  357.4    8.00
---------------------------------------------------------------------
      ISP/Access Provider Ave.          -2.2%

An attempted rally by Pacific Internet in June lost steam; now it’s trying
again, with a sector-leading surge that wipes out most of the past month’s
losses. Nearly all of this week’s gains, however, came on Wednesday, when
the entire market was lifted. With nothing specific to prop it up, PCNTF on
Thursday gave back half of the previous day’s gains. Deutsche Bank assigns a
“buy” rating and $13.20 per share price target to Israeli access provider
Internet Gold. I keep hearing about how hot Internet appliances will be, but
that heat hasn’t done much for shares of Netpliance since the company went
public on March 17, closing at $22.06. NPLI shares are down 73% from their
first-day close.

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