Just before noon, internet.com’s Internet Stock Index was up 2.58, or .51 percent, to 507.80, the Nasdaq Composite was off 2.78 to 2,577.48 and the Dow Jones industrial average had shed 53.50 to 10,668.13.
Earthlink (ELNK) was up 4-1/2 to 61-3/4 amid continuing reports that Gateway Inc. is considering buying the Internet service provider. Both companies have refused to comment on the speculation, which caused EarthLink shares to climb 20 percent Tuesday.
CMGI Inc. (CMGI) was up 1-3/8 to 96-5/16. The Wall Street Journal reported Wednesday the company may buy Compaq Computer Corp.’s Internet assets for $2 billion to $3 billion. Those include the AltaVista search engine as well as e-commerce site Shopping.com and local directory Zip2.
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