Critics of Internet IPOs say they pop and drop. Well, not quite. And fans
of those who didn’t get in at the IPO price should take note: IPODEX shows
that this group is up 120% from after-IPO lows.
This basket ended April 8
20% off all-time highs with MarketWatch (NASDAQ:MKTW – news) off the most from
highs, down 38%.
Since March 25 these stocks posted 18% gains led by
WebTrends (NASDAQ:WEBT – news) with a 60% rocketship.
Check the stats:
Company | Stock | 8-Apr | Percent | Change from | 8-Apr | High % | 8-Apr | Low % |
name | Symbol | close | change vs. 3/25 | IPO | % of high | vs. IPO | % difference/low | vs. IPO |
MarketWatch | MKTW | $ 81.00 | 18% | 376% | -38% | 665% | 45% | 229% |
Healtheon | HLTH | $ 52.13 | 40% | 552% | -14% | 659% | 140% | 172% |
Verticalnet | VERT | $ 112.00 | 3% | 600% | -13% | 706% | 222% | 117% |
Allaire | ALLR | $ 57.13 | 2% | 186% | -20% | 256% | 68% | 70% |
Pacific Internet | PCNTF | $ 64.00 | 40% | 276% | -27% | 418% | 144% | 54% |
Prodigy | PRGY | $ 38.75 | 3% | 158% | -23% | 238% | 94% | 33% |
Vignette | VIGN | $ 78.00 | 9% | 311% | -13% | 374% | 109% | 96% |
WebTrends | WEBT | $ 72.00 | 60% | 454% | -1% | 461% | 227% | 69% |
TOTAL | $ 555.00 | 18% | 344% | -20% | 454% | 120% | 102% | |
AVERAGE | $ 69.38 | 18% | 344% | -20% | 454% | 120% | 102% | |
MEDIAN | $ 68.00 | 33% | 312% | -15% | 388% | 126% | 83% |
Moves behind the moves:
Network Computing magazine.
Net users. Says that Spanish speakers buy computers at twice the rate of
English speakers. I believe this market may be getting ripe for such a
service and applaud Prodigy’s efforts. No surprise though given its Mexican
majority ownership.
provider with 8,000 employees in the U.S. and in 26 countries, to use
Healtheon’s Web-based benefits management service.
