VA Linux Soars on Roller Coaster Day

Internet issues rebounded from a mid-day sell off Thursday. Helping the
rebound was linux play, VA Linux. The stock opened at $30 and finished up
733% to 250.’s Internet Stock Index finished up 22.49, or 2.82 percent, to
819.10, the Nasdaq Composite climbed 7.63 to 3593.71 and the Dow Jones
industrial average gained 66.67 to 11134.79.

soared shortly after its debut, gaining 220 to 250. Shares were priced at
$30 late Wednesday, ahead of the initial range of $11 to $13. Inc. (AMZN)
jumped 14-7/16 to 103. The online retailer was rated a “buy” by J.P.
Morgan’s Thomas Wyman who initiated coverage Thursday. Wyman set a $160
price target.

Online sports retailer, Fogdog Inc. (FOGD)
added 2-1/8 to 13-1/8. The company offered 6 million shares at $11 each,
raising $66 million.

24/7 Media (TFSM), gained 6 to 58-1/8, Real Networks Inc.
surged 6-1/6 to 158-7/8, CMGI Inc. (CMGI)
advanced 8-11/16 to 197-3/4, and Internet Capital Group (ICGE)
flew 28-3/16 higher to 241-1/2.

Digital Island (ISLD)
surged again on Thursday, 29-11/16 to 144-5/8. E*Offering initiated coverage
with a “buy” rating.

“We believe that the company is an emerging sector leader and represents an
attractive investment opportunity. . .,” wrote Christine Nairne in a note to investors. “In our opinion, no other company currently provides the integrated, high-end, global e-business network services that Digital Island offers.”

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