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 Net.B@nk 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.
