Internet stocks were trading slightly higher in mid-day trading after a
number of analyst upgrades and joint ventures were announced.
By 12:15 EST, internet.com’s Internet Stock Index (ISDEX) was up 6.91, or
0.75 percent, to 933.89, the Nasdaq composite was adding 55.10 to 4482.75
and the Dow Jones
Industrial average had fallen 59.56 to 10501.85.
was up 5-1/4 to 138-1/2. Robertson Stephens initiated coverage with a “buy”
rating and $300 price target. Yesterday, First Boston initiated coverage
with a “strong buy” rating and 12-month $205 price target.
announced a joint venture with NEC Japan to create eBay Japan. NEC will take
an equity stake in eBay Japan and promote the site through its BIGLOBE
Internet Service Provider (ISP), personal computer products and offline
marketing campaigns. Shares of EBAY were gaining 2-5/8 to 143-5/16.
Subscribe to Internet StockTracker,a weekly e-mail newsletter from
internet.com Corp. Every Friday internet.com will deliver to your e-mail
in-box the latest performance data on individual Internet companies and
their competitors. Internet StockTracker will deliver to you all the
statistics you need to assess the week’s activity.Sign up at: e-newsletters.