Stocks rocketed today, as the government reported the non-farm payroll
numbers, which were better than expected.
internet.com’s Internet Stock Index climbed 26.95, or 5.68 percent, to
476.18, the Nasdaq Composite surged 103.17 to 2,837.41 and the Dow Jones
industrial average rose 229.54 to 11,072.75.
Amazon.com (AMZN)
rose 2-3/8 to 62-7/16. Jimmy Wright, the company’s VP of logistics,
retired today. There are concerns that there are problems with Amazon.com’s
warehouse expansion.
Internet stocks rose across the board, with America Online Inc. (AOL)
up 5-11/16 to 96-15/16, CMGI Inc. (CMGI)
gaining 6-1/8 to 86-1/4, Excite@Home (ATHM)
up 3-7/8 to 40-15/16 and eBay Inc.
(EBAY)
up 12-1/16 to 133-1/2.
Also moving higher were Broadcom
Corp. (BRCM)
, up 5-3/4 to 130-9/16, Inktomi (INKT)
climbing 7-29/32 to 115-3/4, Ariba
(ARBA)
gaining 6-1/8 to 137-1/8, Verisign (VRSN)
up 5-13/16 to 109-1/4, DoubleC
lick Inc. (DCLK)
climbing 4-3/8 to 97-7/8, Real Networks
Inc. (RNWK)
gained 7-13/16 to 85-15/16 and Yahoo!
Inc. (YHOO)
climbed 13-7/16 to 155.
But not every Net stock rose. Juniper
Networks (JNPR)
fell 5-3/8 to 193-1/4. Shares dropped earlier this week after the
company announced plans for a secondary offering, just months after going
public.
Another loser was National Discount Broker
Group Inc. (NDB),
plunging 5-1/2 to 25-3/4. Late Thursday the company announced fiscal
first-quarter earnings would come in below expectations. NDB expects
revenues to come in about 4 percent below analysts’ forecasts of $55
million for the quarter ended Aug. 31. That means NDB’s earnings will range
from a profit of 2 cents a share to a 1-cent loss. Analysts had forecast a
21-cent profit.
On the IPO front, NaviSite announced the terms of its upcoming IPO. The
company is an application service provider. The price range is $10-$12 and
the number of shares are 5.5 million. The lead underwriter is BancBoston
Robertson Stephens.
Also, Goracing.com announced the terms of its upcoming IPO. The company
plans to sell 6.25 million shares between $7-$9. The lead underwriter is
Banc of America Securities.
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