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Aug. 4, 2000 – Last week only one Internet sector posted a (razor-thin) gain. The rest lost ground, with one group turning in double-digit losses.
This week there are no sectors in the black, while eight of 13 plunged more than 10%. That’s because investors continue to see too much red in the quarterly reports bombarding Wall Street this earnings season.
The flow of Q2’s soon will dwindle to a trickle, but the bad aftertaste could linger through Labor Day. Next week won’t be as bad – we might even see a couple of sectors gain – but don’t count on anything resembling a sustained rally. In this summer of uncertainty and gloom, the market just isn’t ready.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
Security -1.3%
Search/Portals -8.6%
Content/Communities -8.6%
Financial Services -9.3%
Consultants/Designers -9.6%
Advertising/Marketing -11.6%
ISPs/Access Providers -12.6%
E-tailers -14.0%
Performance Software -14.5%
Speed/Bandwidth -14.9%
Wireless -15.2%
E-commerce Enablers -15.3%
Internet Services -17.5%
TOP 10 GAINERS 7-Day % Gain Category
NSSI Network-1 34.6% Security
AXNT AXENT 33.1% Security
DTHK DigitalThink 17.8% Content/Communities
SLTC Selectica 10.4% E-Commerce Enablers
NTBK Net.B@nk 9.6% Financial Services
EPRS Eprise 8.8% Performance Software
SALN Salon.com 8.3% Content/Communities
SGNT Sagent Technology 8.2% Performance Software
JPTR Jupiter Comm. 8.0% Internet Services
CSAV coolsavings.com 8.0% Advertising/Marketing
TOP 10 LOSERS 7-Day % Loss Category
DSLN DSL.net -50.1% ISPs/Access Providers
CLRN Clarent -49.0% Performance Software
RAMP Ramp Networks -46.1% Speed/Bandwidth
LQID Liquid Audio -44.3% E-Commerce Enablers
SNOW Snowball.com -43.1% Content/Communities
NTGX net.Genesis -41.2% Performance Software
VCNT Vicinity -40.3% Internet Services
SONE S1 Corp. -40.2% Performance Software
EXTN Extensity -40.2% Performance Software
CONV Convergent Comm. -39.8% Internet Services
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WIRELESS PRODUCTS/SERVICES
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PALM Palm 39.13 2.44 6.6% 22.5% N/A 22.1B
GWRX Geoworks 12.50 -1.13 -8.3% -19.4% -23.7% 232.7
PHCM Phone.com 81.25 -8.50 -9.5% 13.6% -28.4% 6.4B
PUMA Puma Tech. 20.00 -2.19 -9.9% -22.9% -68.7% 838.5
IIIM i3 Mobile 11.13 -1.31 -10.6% -40.5% N/A 252.6
DLK Datalink.net 19.13 -3.37 -15.0% 43.7% 259.3% 267.9
AETH Aether Systems 152.28 -28.84 -15.9% -23.2% 117.2% 5.8B
MCOM Metricom 32.75 -6.38 -16.3% 15.2% -57.4% 1.0B
IWAV interWAVE 14.25 -3.13
-18.0% 4.1% N/A 663.5
PRTH Parthus Tech. 26.63 -7.50 -22.0% -8.5% N/A 1.4B
HAND Handspring 29.56 -9.13 -23.6% 12.1% N/A 3.7B
SVNX 724 Solutions 30.63 -9.63 -23.9% -33.7% N/A 1.1B
VYYO Vyyo 26.50 -8.88 -25.1% -16.5% N/A 943.7
GOAM GoAmerica 9.88 -3.50 -26.2% -34.4% N/A 466.1
INSP InfoSpace 31.44 -16.31 -34.2% -44.4% -40.0% 7.2B
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Wireless Ave. -15.2%
In its first week of trading since being spun off from network equipment vendor 3Com, handheld Internet device manufacturer Palm becomes the only member of this sector to gain share price. Everyone else took a bath, including several of this year’s highest Internet flyers, wireless applications services provider Datalink.net and content and transaction services provider Aether Systems. Still reeling from adverse market reaction to its proposed purchase of content network Go2Net, InfoSpace loses more than one-third of its value (yet, amazingly, doesn’t crack the list of top 10 decliners).
SEARCH/PORTALS
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
GOTO GoTo.com 15.38 0.00 0.0% 1.7% -73.3% 754.2
AOL America Online 52.25 -1.25 -2.3% -2.7% -29.3% 120.0B
BOUT About.com 31.06 -0.88 -2.7% 7.1% -64.6% 550.5
GO Go.com 10.63 -0.44 -4.0% -10.1% -54.3% 1.7B
STRM StarMedia 14.69 -0.75 -4.9% -21.1% -62.5% 956.3
YHOO Yahoo! 127.13 -8.81 -6.5% -0.6% -40.0% 69.8B
SINA SINA.com 22.13 -2.38 -9.7% -20.8% N/A 881.9
LCOS Lycos 58.06 -7.69 -11.7% 8.9% -25.4% 6.4B
CHINA Chinadotcom 15.50 -2.63 -14.5% -22.7% -59.7% 1.4B
LOOK LookSmart 17.00 -4.05 -19.2% -12.0% -35.7% 1.5B
ASKJ Ask Jeeves 17.31 -4.13 -19.2% -1.4% -84.3% 616.8
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Search/Portals Ave. -8.6%
This sector doesn’t even have a gainer. At least GoTo.com has stabilized since dropping below $20 per share after reporting wider quarterly losses on July 24. But with a loss of 73% in the YTD, the pay-for-position search engine is in jeopardy. As is Ask Jeeves, which shares the cellar this week with LookSmart. For the year, though, ASKJ is in a category by itself, with a mind-numbing loss of 84%. It’s hard to imagine any company doing worse than that, but I count 26 other ‘Net tickers that have lost even more of their value. ASKJ rallied briefly last week after beating street estimates of a 56 cents per share Q2 loss. This week investors put ASKJ’s actual loss of 51 cents per share in better perspective.
CONTENT/COMMUNITIES
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
ARTD Artistdirect 3.31 0.06 1.9% N/A N/A 122.5
DTHK DigitalThink 53.00 8.00 17.8% 49.0% N/A 1.8B
SALN Salon.com 1.63 0.13 8.3% 36.8% -66.8% 22.5
EDGR EDGAR Online 3.69 0.25 7.3% 0.9% -48.9% 45.9
INFO Infonautics 3.97 0.22 5.8% -16.4% -42.1% 48.3
VDAT Visual Data 3.00 0.13 4.3% -27.3% -73.3% 25.4
SPLN SportsLine.com 17.00 0.44 2.6% 0.9% -65.3% 448.3
MKTW MarketWatch.com 16.75 0.38 2.3% -13.0% -53.1% 236.4
CBDR CareerBuilder 8.00 0.16 2.0% 120.7% 27.0% 190.5
ONES OneSource 11.13 0.19 1.7% 50.8% -15.4% 128.9
WOMN Women.com 4.38 0.06 1.4% 14.7% -68.6% 204.5
ILIF ilife.com 1.38 0.00
0.0% 10.0% -68.8% 19.2
SWBD Switchboard 8.03 -0.25 -3.0% -17.6% N/A 197.9
HCEN HealthCentral.com 3.13 -0.13 -3.8% N/A -56.3% 141.1
ZDZ ZDNet 16.75 -0.69 -3.9% 75.2% -18.5% 1.3B
TCTY Talk City 1.50 -0.06 -4.0% -4.0% -94.1% 37.5
IASIA Asiacontent.com 3.03 -0.16 -4.9% -21.8% N/A 104.1
MPPP MP3.com 9.81 -0.56 -5.4% -29.0% -68.4% 669.1
CNET CNET Networks 28.56 -1.69 -5.6% 15.1% -48.6% 2.5B
MLTX Multex.com 23.25 -1.50 -6.1% -9.0% -36.9% 706.5
NETR NetRadio 1.94 -0.13 -6.1% N/A -76.0% 19.4
HSTM HealthStream 3.50 -0.25 -6.7% -36.4% N/A 68.2
TGLO theglobe.com 1.56 -0.13 -7.4% -10.7% -80.9% 47.7
KNOT Knot 3.69 -0.31 -7.8% -1.7% -55.3% 53.8
GNET Go2Net 55.69 -4.88 -8.0% 14.1% -34.6% 1.7B
HOMS Homestore.com 35.00 -3.19 -8.3% 21.7% -51.8% 2.8B
HOOV Hoover's 7.19 -0.69 -8.7% N/A -16.1% 93.4
NBCI NBC Internet 10.38 -1.14 -9.9% -18.2% -86.3% 631.8
TURF iTurf 3.31 -0.38 -10.2% N/A -72.8% 70.0
EWBX EarthWeb 12.19 -1.44 -10.6% -12.6% -75.2% 128.4
LAUN Launch Media 6.75 -0.81 -10.7% -22.9% -63.6% 91.5
IVIL iVillage 6.50 -0.91 -12.2% -20.0% -67.2% 192.9
TPN TownPagesNet 2.13 -0.31 -12.7% 21.4% -57.6% 20.4
STAD Student Advantag 7.44 -1.44 -16.2% 4.4% -65.7% 265.9
TSCM TheStreet.com 5.00 -1.00 -16.7% -18.4% -73.4% 126.8
PASA quepasa.com 1.06 -0.22 -17.1% -37.0% -91.4% 20.0
VERT VerticalNet 46.13 -10.63 -18.7% 27.4% -42.5% 3.7B
QKKA Quokka Sports 6.19 -1.56 -20.2% -19.5% -51.8% 275.5
INTM internet.com 19.16 -4.84 -20.2% -1.1% -62.5% 480.7
IMPV ImproveNet 1.56 -0.50 -24.2% -34.2% N/A 26.1
HGAT HealthGate Data 1.13 -0.50 -30.8% -40.0% N/A 20.1
LOIS Loislaw.com 8.38 -3.94 -32.0% N/A -78.1% 175.8
KOOP drkoop.com 1.09 -0.66 -37.5% -38.6% -90.6% 38.0
SNOW Snowball.com 2.06 -1.56 -43.1% -55.4% N/A 77.5
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Content/Comm. Ave. -8.6%
Online e-learning company DigitalThink is emerging as a star in this sector, though there’s not a lot of competition. DTHK is one of only six content players with a billion-dollar market cap, and it has gained 49% in the past month and 94% from its Feb. 25 first-day closing price of $29. Salon.com gets a boost after reporting quarterly losses of 36 cents per share, beating estimates of 41 cents per share. Revenues nearly doubled to $1.8 million from $1 million. It doesn’t matter; SALN is going away, along with any other company sporting rapidly shrinking market caps. “Gen i” content network Snowball.com
last week reported 459% revenue growth over the year-ago quarter and reduced losses from the previous quarter, but investors focus on the bottom line ($14.3 million net loss). Last week’s top Internet gainer, drkoop.com, returns to form after merger talks with a prospective savior fall through and a large corporate shareholder announces it will unload 2.75 million shares of KOOP, which is like trying to sell Confederate currency in 1866.
E-TAILERS
8/2 7-Day 7-Day 1-Month YTD Market
Company $ Close $Change %Change %Change Cap
EFTD FTD.COM 2.13 0.16 7.9% -11.7% -58.6% 100.5
DSCM Drugstore.com 5.81 0.31 5.7% -19.1% -83.6% 303.2
CDNW CDnow 2.92 0.00 0.0% -2.6% -69.8% 95.9
VUSA Value America 0.78 0.00 0.0% -24.2% -84.2% 35.5
GDEN Garden.comIn
c 1.81 -0.03 -1.7% -27.5% -78.7% 31.9
ALOY Alloy Online 10.88 -0.31 -2.8% -1.7% -29.5% 191.7
ROOM Hotel Reservations 33.88 -1.13 -3.2% 5.0% N/A 1.9B
CTIX Cheap Tickets 11.69 -0.44 -3.6% 1.1% -12.8% 282.9
TMCS Ticketmaster 20.56 -0.81 -3.8% 25.6% -45.3% 1.8B
AMEN Crosswalk.com 2.25 -0.13 -5.3% 1.4% -55.1% 17.3
INSW InsWeb 1.41 -0.09 -6.2% -37.5% -94.4% 49.4
ESTM E-Stamp 1.34 -0.09 -6.5% -23.2% -93.8% 52.6
FASH Fashionmall.com 2.06 -0.16 -7.0% N/A -52.5% 15.5
EBAY eBay 48.88 -3.81 -7.2% -7.5% -20.2% 12.8B
LMIN Lastminute.com 11.06 -1.00 -8.3% -28.6% N/A 332.6
HITS Musicmaker.com 1.19 -0.11 -8.4% -29.6% -79.3% 39.4
VSTY Varsity Group 0.97 -0.09 -8.8% -32.6% N/A 15.2
EXPE Expedia 16.75 -2.13 -11.3% -2.9% -51.1% 742.5
WBVN Webvan Group 5.19 -0.72 -12.2% -21.1% -64.2% 1.7B
PCLN priceline.com 24.81 -3.81 -13.3% -38.0% -46.5% 4.2B
BFLY Bluefly 2.00 -0.31 -13.5% -8.6% -80.2% 9.9
SQST SciQuest.com 9.63 -1.63 -14.4% -12.5% -87.6% 273.1
AMZN Amazon.com 30.81 -5.25 -14.6% -16.7% -58.6% 10.8B
HOMG HomeGrocer.com 5.13 -0.88 -14.6% -15.5% N/A 657.2
IPET Pets.com 1.44 -0.25 -14.8% -36.1% N/A 42.5
EGGS Egghead.com 2.25 -0.41 -15.3% -18.2% -85.8% 90.7
EMUS EMusic.com 1.84 -0.34 -15.7% -22.4% -81.6% 79.0
AHWY audiohighway.com 2.00 -0.38 -15.8% -8.6% -76.1% 12.8
SKDS SmarterKids.com 1.81 -0.38 -17.1% -3.3% -74.4% 37.1
BUYX BUY.COM 3.88 -0.84 -17.9% -25.3% N/A 510.0
ASFD Ashford.com 3.31 -0.75 -18.5% 29.3% -69.2% 149.0
EBKR Ebookers.com 7.50 -1.75 -18.9% -10.4% -55.7% 127.7
PPOD Peapod 2.38 -0.63 -20.8% -32.1% -71.9% 42.6
ETYS eToys 4.19 -1.19 -22.1% -29.5% -83.7% 509.1
COOL Cyberian Outpost 3.31 -1.09 -24.8% -30.3% -65.9% 94.3
FATB Fatbrain.com 5.00 -1.69 -25.2% -30.7% -79.6% 65.0
BYND Beyond.com 1.03 -0.37 -26.7% -31.3% -86.5% 39.2
TIXX Tickets.com 2.28 -0.84 -27.0% -37.1% -83.7% 132.9
ADBL Audible 2.09 -0.91 -30.2% -50.0% -85.7% 57.3
BNBN Barnes&Noble.com 3.84 -1.78 -31.7% -42.0% -72.3% 560.6
VSHP VitaminShoppe.com 1.06 -0.56 -34.6% -15.0% -88.1% 21.6
PLRX PlanetRx.com 0.88 -0.47 -34.9% -41.7% -93.8% 45.3
BGST BigStar 0.69 -0.38 -35.3% -45.0% -90.9% 7.0
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E-tailers Ave. -14.0%
Members of the e-tail sector are like actors in a slasher movie – nearly all of them are doomed; it’s just a matter of when their time comes. This week, five victims fall at least 30%. Four stocks in the group now trade for less than $1 per share, and another nine are under $2 per share. Two e-tailers have market caps below $10 million, which, under SEC guidelines, qualifies them for food stamps. And the top performer for the year among this group is Cheap Tickets, which is down nearly 13%. Want more disaster stats? Of the 36 e-tailers that have been trading all year, 22 have lost at least 70% of their
value. But to me, the most amazing E-tail Fun Fact is this: Underwriters managed to take a half-dozen online merchants public this year.
FINANCIAL SERVICES
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
NTBK Net.B@nk 11.44 1.00 9.6% -6.6% -36.8% 342.9
DIR DLJdirect 6.88 0.38 5.8%
-8.3% -48.2% 705.7
AMTD Ameritrade 12.94 -0.31 -2.4% 11.9% -39.0% 2.3B
MDCM Mortgage.com 1.16 -0.03 -2.6% -19.6% -79.7% 51.2
LINE onlinetrading.com 4.63 -0.25 -5.1% -14.0% -56.5% 53.1
CMGI CMGI 35.19 -3.69 -9.5% -24.0% -74.0% 10.4B
WITC Wit Soundview 8.19 -1.03 -11.2% -25.1% -50.8% 737.5
ICGE Internet Capital 32.25 -4.25 -11.6% -8.0% -80.6% 8.5B
DVIN divineInterventures 7.94 -1.06 -11.8% N/A N/A 1.1B
EGRP E*TRADE 13.94 -2.19 -13.6% -15.8% -45.5% 4.1B
EELN E-Loan 3.75 -0.63 -14.3% -16.7% -76.4% 158.0
ECMV E Com Ventures 1.63 -0.31 -16.1% -45.3% -50.8% 15.9
WEBS Web Street 2.31 -0.53 -18.7% -10.8% -80.9% 59.4
TREE LendingTree 7.06 -1.63 -18.7% -7.4% N/A 127.3
NXCD NextCard 8.47 -2.03 -19.3% -5.6% -70.0% 447.2
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Financial Services Ave. -9.3%
Even one of the smallest Internet herds is not impervious from the brutal thinning-out process. Mortgage.com, onlinetradinginc.com, E Com Ventures, Web Street – all soon to become memories. For the year, this sector is down 61%. Don’t expect things to improve soon, either; the big online brokers are fighting lower trading volumes, while CMGI and Internet Capital Group are fighting the market’s sudden lack of confidence in ‘Net incubators. In fact, on Thursday CMGI said it will change the way it reports revenue in order to reposition itself to investors and kickstart moribund shares. The company intends to emphasize its operating businesses and downplay its role as a venture capital firm.
E-COMMERCE ENABLERS
8/2 7-Day 7-Day 1-Month YTD Market
Company $ Close $Change %Change %Change Cap
SLTC Selectica 57.69 5.44 10.4% -23.1% N/A 2.1B
SABA Saba Software 20.50 1.38 7.2% 2.2% N/A 893.5
RETK Retek 31.88 1.75 5.8% 1.0% -56.7% 1.5B
CKCM Click Commerce 25.44 1.19 4.9% 17.0% N/A 948.3
ELCO Elcom Int. 6.13 0.00 0.0% -12.5% -81.6% 188.1
GSPT Global Sports 8.00 0.00 0.0% 17.4% -34.9% 173.6
QUOT Quotesmith.com 2.50 -0.06 -2.4% 14.3% -77.5% 48.1
BBSW Broadbase 22.06 -0.56 -2.5% -26.3% -59.9% 1.0B
AGIL Agile Software 51.00 -2.88 -5.3% -31.2% -52.0% 2.4B
QSFT Quest Software 47.75 -2.75 -5.4% -12.0% -4.3% 4.1B
APNT AppNet 34.63 -2.00 -5.5% -1.8% -19.1% 1.2B
ARBA Ariba 114.81 -7.44 -6.1% 16.1% 32.3% 27.1B
CMRC Commerce One 43.63 -3.25 -6.9% -2.0% -54.6% 6.8B
SNHK Sunhawk.com 14.38 -1.13 -7.3% -10.2% N/A 43.3
ITWO i2 Technologies 119.56 -10.88 -8.3% 16.1% 25.3% 23.4B
ONVI Onvia.com 7.88 -0.75 -8.7% -3.1% N/A 634.1
OMKT Open Market 6.56 -0.67 -9.3% -51.2% -85.1% 303.6
CYSV Cysive 21.13 -2.19 -9.4% -11.5% -40.1% 585.6
BVSN BroadVision 34.06 -3.56 -9.5% -34.6% -38.6% 8.5B
ASWX Active Software 55.69 -6.31 -10.2% -30.1% -38.2% 1.4B
ABTL Autobytel.com 4.88 -0.59 -10.9% -22.4% -67.2% 98.5
TANN Tanning Tech. 17.88 -2.31 -11.5% 10.9% -69.0% 376.3
PRSW Persistence 17.00 -2.30 -11.9% -11.1% -22.8% 331.7
DRIV Digital River 6.38 -0.88 -12.1% -15.0% -80.4% 139.2
INTW InterWorld 20.50 -2.88 -12.3% 0.9% -75.5% 583.8
PPRO PurchasePro.com 40.38 -5.75 -12.5% 2.4% -70.0% 1.3B
BRNC Braun Consulting 19.94 -2.94 -12.8% -9.6% -71.5% 397.9
NETP Net Perceptions 11.69 -1.81 -13.4% -27.8% -71.6% 311.5
FAIM
FairMarket 4.72 -0.78 -14.2% -34.9% N/A 132.8
CORI Corillian 9.75 -1.75 -15.2% -42.6% N/A 287.9
PRVW Preview Systems 10.00 -1.81 -15.3% -20.8% -84.3% 169.2
HCOM HomeCom 0.69 -0.13 -15.4% -38.8% -78.0% 5.7
ORCC Online Resources 6.25 -1.19 -16.0% N/A -61.6% 74.1
BTBC b2bstores.com 1.81 -0.38 -17.1% -27.5% N/A 15.6
STCS Software Tech. 22.88 -4.88 -17.6% -27.7% N/A 1.6B
EPNY E.piphany 89.44 -19.19 -17.7% -13.8% -59.0% 4.0B
WEBM webMethods 109.00 -24.13 -18.1% -30.3% N/A 3.5B
OPUS Opus360 3.06 -0.75 -19.7% -18.3% N/A 153.4
AWEB Autoweb.com 1.75 -0.44 -20.0% -20.0% -83.6% 51.5
ARTG Art Technology 83.56 -25.25 -23.2% -14.3% 33.3% 5.6B
IMPV ImproveNet 1.56 -0.50 -24.2% -34.2% N/A 26.1
CYBS CyberSource 8.50 -2.75 -24.4% -43.1% -83.2% 221.0
PFSW PFSweb 3.25 -1.06 -24.6% -32.5% -91.1% 58.1
PRTS PartsBase.com 5.13 -1.75 -25.5% -18.0% N/A 75.9
USIT U.S. Interactive 12.19 -4.19 -25.6% -18.7% -71.0% 323.2
CYCH CyberCash 4.13 -1.44 -25.8% -30.9% -54.4% 102.3
CLIC Calico Commerce 8.50 -3.00 -26.1% -46.9% -83.6% 297.3
EPAY Bottomline Tech. 19.75 -7.00 -26.2% -34.2% -43.9% 214.6
XCAR XCare.net 3.56 -1.53 -30.1% -38.7% N/A 57.8
DGIN Digital Insight 28.50 -12.44 -30.4% -11.8% -19.9% 662.8
ITRA Intraware 7.88 -3.77 -32.3% -49.2% -89.9% 206.6
NEOF Neoforma.com 3.38 -1.69 -33.3% -51.8% N/A 233.2
ROWE Rowecom 4.03 -2.22 -35.5% -19.4% -90.9% 41.7
FIRE FirePond 17.81 -10.19 -36.4% -52.3% N/A 632.2
PCOR pcOrder.com 4.88 -3.13 -39.1% -35.8% -90.2% 82.1
LQID Liquid Audio 6.13 -4.88 -44.3% -29.0% -76.2% 135.2
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E-commerce Enablers Ave. -15.3%
After announced on July 18 a doubling of its net loss for its first quarter, Selectica dropped 40% over the next two weeks. It rebounds enough this week to lead the sector. Liquid Audio, which runs a global online music distribution network, gets hammered by investors (and downgraded by some analysts) for wider quarterly net losses. pcOrder.com cuts its losses, but revenue growth is in double-digits, not good in what is supposed to be an early-stage market. Intraware, Open Market, Neoforma and FirePond have lost about half their value in the past month. HomeCom Communications, which makes software
for financial business applications and owns the smallest market cap of all companies followed by Internet StockTracker, announces it will divest a marketing and insurance agency it bought just a year ago, and will hire a new CFO.
SECURITY
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
NSSI Network-1 6.81 1.75 34.6% 21.1% -35.6% 41.9
AXNT AXENT 25.38 6.31 33.1% 3.6% 23.5% 731.0
WGRD WatchGuard 53.13 0.13 0.2% 5.7% 79.4% 1.2B
ENTU Entrust Tech. 27.13 -1.88 -6.5% -64.8% -53.8% 1.5B
LTNX Litronic 6.13 -0.44 -6.7% -35.5% -21.8% 60.5
CHKP Check Point 113.19 -8.56 -7.0% 2.6% 132.8% 17.4B
RSAS RSA Security 61.81 -5.06 -7.6% -16.8% -18.5% 2.4B
VONE V-ONE 3.25 -0.38 -10.3% -35.0% -43.5% 67.1
ISSX Internet Security 65.88 -9.44 -12.5% -34.1% -5.4% 2.8B
ITRU InterTrust 15.75 -2.69 -14.6% -22.9% -72.6% 1.3B
PILT Pilot Network 12.00 -2.38 -16.5% -17.9% -48.9% 180.9
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Security Ave. -1.3%
The top two gainers in this sector also lead all ‘Net stocks this week and almost pull this sector into the black. There’s no catalyst in sight to explain NSSI’s rise. The last news from the company was a customer win on Aug. 1; since then the stock has declined slightly. AXENT Technologies performance is much easier to explain: Computer security software vendor Symantec announced it would buy AXENT in a deal that initially values shares of the network security firm at $31.84 each.
PERFORMANCE SOFTWARE
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
EPRS Eprise 19.31 1.56 8.8% 21.7% N/A 485.1
SGNT Sagent Tech. 9.88 0.75 8.2% -28.5% -66.3% 278.7
MONE MatrixOne 48.00 3.25 7.3% 17.1% N/A 2.0B
VMDC VantageMed 2.38 0.13 5.6% 28.8% N/A 20.4
OTEX Open Text 20.56 0.94 4.8% -4.4% 16.7% 415.0
OTGS OTG Software 33.00 -0.56 -1.7% -2.2% N/A 841.2
TIBX Tibco Software 100.50 -1.88 -1.8% -8.6% 101.3% 19.1B
BWEB BackWeb 18.75 -0.50 -2.6% -23.5% -54.5% 696.6
IWOV Interwoven 67.50 -1.94 -2.8% 14.3% 13.4% 3.3B
RHAT Red Hat 19.44 -0.63 -3.1% -25.1% -81.2% 3.1B
NSPK NetSpeak 8.50 -0.50 -5.6% -15.0% -59.1% 117.5
GTHR GetThere 10.00 -0.69 -6.4% -5.3% -74.6% 334.3
COBT Cobalt Networks 46.38 -3.38 -6.8% -16.4% -56.3% 1.3B
IMAN iManage 9.38 -0.81 -8.0% -10.7% -70.2% 205.9
LOUD Loudeye Tech. 15.75 -1.38 -8.0% -17.1% N/A 579.5
ALLR Allaire 31.31 -2.81 -8.2% -23.4% -56.3% 846.6
VOCL VocalTec 18.69 -1.75 -8.6% -19.8% 14.0% 226.0
VIGN Vignette 35.13 -3.63 -9.4% -32.1% -33.9% 6.8B
PASW PASW 2.88 -0.31 -9.8% 2.2% -48.4% 12.9
NESY NEON Systems 11.38 -1.25 -9.9% -48.3% -70.4% 107.2
TMNT Telemate.Net 2.16 -0.25 -10.4% -32.4% -86.4% 16.7
RWAV Rogue Wave 6.00 -0.73 -10.9% 28.0% -23.4% 64.8
RNWK RealNetworks 37.81 -4.69 -11.0% -28.0% -35.8% 5.9B
WEBT WebTrends 29.06 -4.00 -12.1% -21.8% -26.7% 756.8
SQSW Sequoia 11.44 -1.63 -12.4% -41.3% N/A 340.3
VIAD Viador 10.13 -1.88 -15.6% -37.5% -75.6% 169.2
INSO Inso Corp. 5.75 -1.09 -16.0% 4.5% -81.8% 97.0
WAVO WAVO 0.66 -0.12 -16.0% -16.0% -82.7% 19.4
LBRT Liberate Tech. 22.38 -4.63 -17.1% -20.1% -82.2% 2.0B
FVCX FVC.com 4.81 -1.00 -17.2% -37.4% -57.9% 82.8
SWCM Software.com 98.38 -21.25 -17.8% -25.5% 4.7% 4.7B
DTEC Delano Tech. 11.38 -2.56 -18.4% -8.8% N/A 341.0
IPIX Internet Pict. 10.00 -2.31 -18.8% -38.7% -38.3% 590.8
WBSN Websense 19.88 -4.75 -19.3% -21.1% N/A 387.7
BLSW Bluestone 18.94 -5.06 -21.1% -25.7% -83.2% 386.5
EMBT Embarcadero 29.50 -8.00 -21.3% 15.7% N/A 776.4
PRSF Portal Software 47.13 -13.63 -22.4% -25.1% -6.4% 7.6B
DGV Digital Lava 5.19 -1.51 -22.6% -15.3% -24.3% 24.3
CWLD CrossWorlds 16.81 -5.13 -23.4% -10.9% N/A 417.3
VATA Versata 29.88 -9.25 -23.6% -26.5% N/A 1.2B
NTOP Net2Phone 26.63 -8.69 -24.6% -27.2% -40.8% 1.5B
SSSW SilverStream 29.13 -10.31 -26.1% -48.8% -75.0% 589.9
PKSI Primus Knowledge 19.95 -9.55 -32.4% -55.8% -55.0% 352.2
CTRA Centra Software 7.41 -4.53 -38.0% -22.6% N/A 178.8
EXTN Extensity 19.75 -13.25 -40.2% -47.3% N/A 466.5
SONE S1 Corp. 15.50 -10.44 -40.2% -30.9% -79.7% 839.9
NTGX net.Ge
nesis 9.00 -6.31 -41.2% -53.7% N/A 189.5
CLRN Clarent 40.00 -38.44 -49.0% -45.1% -47.4% 1.3B
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Performance Software Ave. -14.5%
Four members of this sector earn their way onto the list of 10 biggest losers this week. Starting from the bottom: Clarent, which sells ‘Net voice and data systems to telcos, beats the street with a net profit of 1 cent per share (analysts expected a loss of 3 cents per share). CLRN also saw quarterly revenue triple to $28.3 million. But investors may be concerned about expected increases in spending for R&D, and a Lehman Brothers analyst slashed his forecast for 2001 earnings to 10 cents a share from 31 cents a share. Net loss for net.Genesis doubles to $5.8 million. Widening losses due to pricing pressures
send S-1 Corp. southward, while Extensity continues to fall in the wake of its July 17 quarterly, which showed growing losses from the year-ago quarter.
INTERNET SERVICES
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
JPTR Jupiter Comm. 27.00 2.00 8.0% 10.5% -8.8% 417.3
LPSN LivePerson 9.06 0.25 2.8% 6.6% N/A 266.1
EFAX eFax.com 0.53 0.00 0.0% -50.0% -92.5% 7.0
LIOX Lionbridge Tech. 8.00 -0.06 -0.8% -16.9% -55.2% 201.9
NAVI NaviSite 42.25 -0.44 -1.0% -1.5% -13.7% 2.4B
NVDC Navidec 7.50 -0.13 -1.6% -16.7% -36.1% 82.9
WQNI WorldQuest 5.00 -0.13 -2.4% -28.6% N/A 31.9
ACRU Accrue Software 25.00 -0.75 -2.9% -30.4% -52.8% 689.1
SAPE Sapient 120.81 -4.38 -3.5% 15.9% -12.4% 7.1B
HHNT HeadHunter.NET 7.50 -0.56 -7.0% -25.0% -39.0% 81.8
HLTH Healtheon/WebMD 13.19 -1.06 -7.5% -9.0% -64.1% 2.4B
INIT Interliant 15.31 -1.38 -8.2% -31.9% -39.8% 727.7
USIX USinternetworking 15.00 -1.38 -8.4% -24.1% -67.1% 1.5B
MAIL Mail.com 8.13 -0.91 -10.0% 41.3% -55.7% 461.5
CRFH Crayfish Co. 5.88 -0.69 -10.5% -17.5% N/A 298.9
DIGX Digex Inc. 67.75 -8.38 -11.0% -0.6% 0.7% 4.3B
IPRT iPrint.com 4.63 -0.63 -11.9% -2.6% N/A 138.4
BWAY Breakaway Sol. 26.25 -3.58 -12.0% -9.1% -26.5% 926.1
CTCH CommTouch 19.13 -3.13 -14.0% -41.2% -59.8% 289.2
ECRU E-Cruiter.com 3.00 -0.50 -14.3% -25.0% -57.0% 22.1
HOTJ HotJobs.com 15.63 -2.69 -14.7% 25.0% -63.5% 497.8
MDLI MedicaLogic 5.13 -0.94 -15.5% -43.1% -75.1% 204.6
EXDS Exodus Comm. 45.19 -8.88 -16.4% 2.7% 4.0% 18.6B
EGRT Egreetings 1.56 -0.31 -16.7% 4.2% -84.2% 54.7
JFAX JFAX.COM 2.22 -0.50 -18.4% 44.9% -66.3% 80.1
DRTN Data Return 24.88 -6.06 -19.6% -10.6% -52.5% 883.0
VRSN VeriSign 143.44 -35.75 -20.0% -21.8% -23.2% 27.9B
FUSN Fusion Networks 1.44 -0.41 -22.0% -28.1% N/A 39.5
NETZ Netzee 5.75 -1.63 -22.0% N/A -64.7% 124.8
WNET WHEREVER.net 2.50 -0.72 -22.3% -28.6% N/A 63.8
NTWO N2H2 3.00 -0.88 -22.6% -42.2% -87.0% 67.4
SVVS Savvis Comm. 11.25 -3.38 -23.1% -13.9% N/A 1.0B
CPTH Critical Path 50.50 -15.81 -23.8% -14.4% -45.3% 3.1B
IBAS iBasis 18.75 -5.94 -24.1% -54.5% -33.4% 636.1
KEYN Keynote Systems 33.75 -10.75 -24.2% -47.9% -53.2% 902.5
STMP Stamps.com 4.56 -1.53 -25.1% -39.7% -88.8% 222.9
SKIL SkillSoft 13.50 -5.00 -27.0% -1.8% N/A 178.7
KANA Kana Comm. 32.00 -11.94 -27.2% -50.7% -68.1% 2.9B
MRBA Marimba 18.00 -6.75 -27.3%
-4.6% -60.1% 419.6
SRCH US SEARCH.com 2.25 -0.84 -27.3% 7.5% -69.3% 40.4
RCOM Register.com 22.31 -8.44 -27.4% -33.5% N/A 698.0
CHRD Chordiant 11.88 -4.50 -27.5% -32.6% N/A 435.6
CLAI Claimsnet.com 2.06 -0.81 -28.3% -41.1% -78.9% 16.1
ITXC ITXC 19.00 -7.88 -29.3% -50.4% -42.3% 731.1
EGAN eGain 7.88 -3.50 -30.8% -37.3% -78.7% 233.1
LFMN Lifeminders 20.00 -9.00 -31.0% -32.5% -64.6% 473.0
ETIN Etinuum 3.13 -1.47 -32.0% -40.5% N/A 56.2
CAVN Cavion Tech. 5.69 -3.06 -35.0% -43.1% -25.0% 28.2
CONV Convergent 3.31 -2.19 -39.8% -56.9% -78.7% 96.6
VCNT Vicinity 15.19 -10.25 -40.3% -19.5% N/A 426.5
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Internet Services Ave. -17.5%
It was a tough contest, but this sector limps away with the worst numbers of the week. It took a team effort, though, as 24 of the 50 stocks in the group fell at least 20%. Leading the plunge is Vicinity, which is on the downside of a brief run-up triggered mid-month by news that Verizon Wireless will use VCNT’s Internet marketing infrastructure service in its new mobile Web service. Shares have been drifting down for some time now, but widening quarterly losses ($78 million from $23 million) announced Wednesday don’t help. CONV also says it will lay off 250 workers (or 15% of its employees) and already has closed its offices in Boise, Idaho. There’s an old saying on the Internet: Lose Boise, and you lose everything.
ADVERTISING/MARKETING
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
CSAV coolsavings.com 3.38 0.25 8.0% -44.0% N/A 130.5
MMXI Media Metrix 29.00 1.94 7.2% 6.9% -17.1% 575.4
NTRT NetRatings 20.13 1.00 5.2% -25.5% -57.3% 648.5
CBLT Cobalt Group 6.19 -0.06 -1.0% -6.6% -32.6% 106.7
DCLK DoubleClick 35.00 -0.44 -1.2% -12.0% -71.7% 4.3B
AVEA Avenue A 9.50 -0.44 -4.4% 9.3% N/A 552.1
NTCR NetCreations 27.44 -2.25 -7.6% -43.4% -36.3% 425.1
CGLD CyberGold 6.38 -0.63 -8.9% -26.1% -63.2% 138.5
LNTY L90 8.00 -0.81 -9.2% -20.5% N/A 175.9
VCLK ValueClick 10.63 -1.13 -9.6% 13.3% N/A 297.1
MYPT MyPoints.com 13.50 -1.63 -10.7% -25.3% -81.4% 393.3
HPOL Harris Interactive 3.56 -0.81 -18.6% -26.0% -72.1% 115.1
MPLX Mediaplex 6.94 -1.59 -18.7% -62.2% -88.7% 233.5
TFSM 24/7 Media 10.00 -2.31 -18.8% -34.4% -81.8% 264.1
ENGA Engage 8.31 -1.94 -18.9% -36.7% -71.7% 1.5B
APLN @Plan.Inc 5.56 -1.31 -19.1% -5.3% -42.4% 62.7
DIGI Digital Impact 13.13 -3.25 -19.8% -0.9% -73.2% 323.7
PRME Prime Response 6.25 -1.75 -21.9% -16.0% N/A 129.1
FSHP FreeShop.com 3.50 -1.00 -22.2% -36.4% -92.6% 54.8
NCNT Netcentives 11.06 -3.44 -23.7% -42.9% -81.9% 459.3
BFRE Be Free 4.59 -2.03 -30.7% -52.9% -86.9% 297.4
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Advertising/Marketing Ave. -11.6%
coolsavings.com reports strong revenue growth, but terrible losses ($25.6 million, up from $2.4 million) in its quarterly report released after trading ended July 26. It’s spared the market’s post-earnings wrath, however, thanks to a pre-earnings nosedive that saw shares fall 52% from July 10 through July 25. Media Metrix continues to claw back from the fall it took in late June after its planned merger with Jupiter Communications was announced. Be Free isn’t free yet, but with an 87% YTD, it’s headed fas
t in that direction. Six of the 16 stocks in this sector that have been trading all year are down at least 80%.
CONSULTANTS/DESIGNERS
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PECS PEC Solutions 9.06 0.56 6.6% 5.1% N/A 201.4
GENI GenesisIntermedia 15.44 -0.06 -0.4% -6.4% 171.4% 83.6
SCNT Scient 47.97 -0.53 -1.1% 10.3% -43.3% 3.5B
PRFT Perficient 10.38 -0.38 -3.5% -25.9% -16.9% 63.0
ACOM AGENCY.COM 21.00 -1.13 -5.1% 14.7% -57.9% 741.2
VIAN Viant Corp. 32.63 -2.13 -6.1% 16.8% -32.7% 1.5B
DTAS Digitas 22.75 -1.88 -7.6% 26.4% N/A 1.3B
PXCM Proxicom 40.38 -4.38 -9.8% -15.0% -33.6% 2.26B
IISX Integrated Info. 6.81 -0.75 -9.9% -14.8% N/A 139.4
RAZF Razorfish 17.44 -2.06 -10.6% 9.0% -62.5% 1.6B
MMPT Modem Media 12.25 -1.63 -11.7% -3.5% -64.4% 298.1
INFT Inforte Corp. 43.06 -6.00 -12.2% 14.8% N/A 534.0
MRCH MarchFirst 20.88 -3.00 -12.6% 16.0% -60.2% 3.1B
LUMT Luminant Worldwide 7.44 -1.19 -13.8% -15.6% -83.3% 196.3
IIXL iXL Enterprises 15.44 -3.31 -17.7% -2.0% -71.6% 1.2B
LNTE Lante Corp. 15.94 -4.63 -22.5% -16.1% N/A 628.0
OGNC Organic 8.25 -2.75 -25.0% -17.0% N/A 724.0
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Consultants/Designers Ave. -9.6%
PEC Solutions, which targets governmental organizations for its consulting services, reports net income of $1.7 million, up from $1.5 million in the year-ago quarter. Profitablity saved PECS from taking a hit for sluggish revenue growth ($16.6 million, up from $13.4 million in last year’s Q2). For the year, only GenesisIntermedia is up. Continuing to defy logic and odds, GENI – an underperformer all last year – retains the second-highest YTD gain among all ‘Net stocks.
SPEED/BANDWIDTH
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PKTR Packeteer 39.81 0.56 1.4% 33.3% -42.7% 1.1B
TUTS Tut Systems 86.63 -1.19 -1.4% 54.5% 65.1% 1.4B
CFLO CacheFlow 63.94 -1.94 -2.9% 6.7% -50.0% 2.5B
RDWR Radware 30.38 -1.50 -4.7% 12.5% -28.0% 469.9
COVD Covad Comm. 16.44 -1.25 -7.1% -5.4% -55.0% 2.5B
FFIV F5 Networks 43.69 -4.06 -8.5% -17.4% -60.8% 930.8
INKT Inktomi 102.00 -10.00 -8.9% -14.3% 17.4% 11.4B
BRCM Broadcom 215.44 -23.00 -9.6% -2.3% 61.6% 46.4B
ATHM At Home 13.56 -1.50 -10.0% -33.4% -67.7% 5.4B
CSCO Cisco Systems 60.94 -7.63 -11.1% -5.7% 16.2% 428.0B
TERN Terayon Comm. 53.31 -7.81 -12.8% -20.6% 73.4% 3.3B
HSAC High Speed Access 4.72 -0.84 -15.2% -28.1% -72.6% 262.7
ATON Alteon WebSystems 128.00 -23.13 -15.3% 28.6% 49.0% 5.3B
IBEM iBEAM 11.25 -2.38 -17.4% -40.8% N/A 1.2B
AKAM Akamai Tech. 68.63 -16.06 -19.0% -45.7% -78.6% 7.2B
SCMR Sycamore Networks 109.25 -27.75 -20.3% -4.9% 8.7% 26.7B
JNPR Juniper Networks 127.00 -33.31 -20.8% -12.4% 129.0% 39.9B
INAP InterNAP 31.63 -9.00 -22.2% -24.6% -62.6% 4.2B
WGAT WorldGate Comm. 21.50 -6.88 -24.2% 22.9% -53.8% 463.3
SONS Sonus Networks 178.00 -59.00 -24.9% 24.4% N/A 10.8B
CAIS CAIS Internet 8.63 -3.06 -26.2% -34.9% -75.2% 198.4
RAMP Ramp Networks 4.75 -4.06 -46.1% -60.4% -68.2% 101.0
---------------------------------
-------------------------------------
Speed/Bandwidth Ave. -14.9%
After months of avoiding the free-fall that has gripped so many ‘Net stocks, gravity – and a near-tripling of quarterly losses – catches up to Ramp Networks. RAMP, High Speed Access and CAIS Internet are the weak lambs in this group, which features eight of the 27 Internet tickers that have gained this year. After a scorching run that took it to $174.75 on July 14 from $76.50 on May 26, Juniper Networks has cooled off. JNPR remains, however, one of only seven ‘Net stocks to post triple-digit gains this year.
ISPs/ACCESS PROVIDERS
8/2 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
GIGM GigaMedia 7.52 0.39 5.5% -37.0% N/A 367.0
HANA Hanaro Telecom 5.50 0.25 4.8% -26.7% N/A 1.5B
NPLI Netpliance 7.69 0.19 2.5% -10.9% N/A 464.0
LOAX Log On America 5.06 0.03 0.6% -9.0% -74.5% 42.2
QSCG QS Comm. 21.00 -0.25 -1.2% 13.5% N/A 1.1B
IDTC IDT Corp. 37.88 -0.75 -1.9% 8.2% 105.0% 1.4B
PNVN PNV 1.38 -0.06 -4.3% N/A -82.8% 21.9
FREE Freeserve 45.50 -2.50 -5.2% -9.0% -49.5% N/A
PRGY Prodigy Comm. 7.56 -0.47 -5.8% -27.1% -60.1% 489.2
IGLD Internet Gold 7.00 -0.44 -5.9% -15.2% -67.9% 129.0
VRIO Verio 51.00 -3.94 -7.2% -8.5% 12.8% 4.1B
VNWI VIA NET.WORKS 15.44 -1.56 -9.2% 1.2% N/A 920.7
BIZZ Biznessonline.com 3.63 -0.38 -9.4% -30.1% -47.1% 32.8
ONEM OneMain.com 9.56 -1.00 -9.5% -13.6% -34.9% 239.8
IIJI Internet/Japan 47.38 -5.88 -11.0% -22.3% -50.2% 2.1B
GEEK Internet America 4.31 -0.56 -11.5% -13.7% -62.7% 41.9
NZRO NetZero 5.09 -0.72 -12.4% -9.4% -80.7% 534.0
RMII RMI.Net 2.63 -0.41 -13.4% -15.2% -67.7% 54.8
ISLD Digital Island 26.81 -4.44 -14.2% -52.5% -71.2% 1.8B
PCNTF Pacific Internet 13.38 -2.25 -14.4% -15.7% -70.9% 169.1
VOYN Voyager.net 7.38 -1.25 -14.5% -22.4% -18.0% 233.5
IZAP ZapME! 3.31 -0.63 -15.9% 15.2% -60.8% 145.7
ZIPL Ziplink 4.63 -0.88 -15.9% -21.3% -62.2% 59.8
FSST FASTNET 2.19 -0.44 -16.7% -41.7% N/A 32.8
KOREA Korea Thrunet 10.06 -2.19 -17.9% -31.2% -84.9% 724.1
TRRA Terra Networks 35.56 -7.75 -17.9% -1.7% -33.6% 9.8B
PSIX PSINet 16.00 -3.88 -19.5% -36.6% -47.1% 2.5B
TLCT Telocity Delaware 3.56 -0.94 -20.8% -18.6% N/A 304.5
ATHY AppliedTheory 9.47 -2.78 -22.7% -26.1% -65.1% 221.2
ELNK EarthLink 11.13 -3.56 -24.3% -27.6% -73.3% 1.3B
JWEB Juno Online 7.19 -2.81 -28.1% -32.3% -79.3% 278.2
DDDC Deltathree.com 7.13 -2.88 -28.8% -49.6% -71.7% 204.6
DSLN DSL.net 3.88 -3.89 -50.1% -62.0% -72.6% 252.8
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ISP/Access Provider Ave. -12.6%
This week’s big loser across all sectors is DSL.net, which reported losses of $27.3 million in Q2, up from $18.3 million in the first quarter. Put them together and what do you have? About $46 million in YTD losses and a 50% drop in the company’s share price. Rosy forecasts of Internet use in the Asia Pacific region boost Taiwan’s GigaMedia and South Korea’s Hanaro Telecom. HANA also secures a $130 million investment from Lucent Technologies.
