Far be it from me to prematurely declare a rally in progress,
but I couldn’t help noticing that, after an August of solid
gains, Internet stocks continue to rise through the first week
of trading in September. On a percentage basis, evidence of a
rally is clear: 60% of Internet stocks are up in the past
month. Given the beating ‘Net tickers have been taking since
March, this northward trend is welcome indeed. However, before
we veer toward irrational (or even sober) exuberance, it is
my duty to point out that sector gains over the past two weeks
have been, for the most part, rather slight. One bad week alone
could undue the past three weeks of advances. Worse, the
top-performing sector – and the only one to post consecutive
double-digit gains – in the past two weeks has been the
E-tailers. Maybe it’s just me, but it’s hard to get overly
enthused when the walking dead are leading the charge. Here’s
some perspective: The closing stock prices of the top five
gainers this week add up to $8.64.
*Market Cap figure is in millions unless otherwise noted.
PERFORMANCE BY SECTOR
Ave. 7-Day
% Change
E-tailers +13.4%
Search/Portals +8.1%
Content/Communities +5.1%
Financial Services +3.7%
Performance Software +3.3%
Internet Services +2.6%
Wireless +2.2%
Security +1.9%
ISPs/Access Providers +1.8%
E-commerce Enablers +1.2%
Speed/Bandwidth +1.1%
Advertising/Marketing -3.9%
Consultants/Designers -11.3%
TOP 10 GAINERS 7-Day % Gain Category
BYND Beyond.com 71.0% E-tailers
KOOP drkoop.com 68.6% Content/Communities
HITS Musicmaker.com 57.1% E-tailers
EMUS EMusic.com 56.0% E-tailers
BGST BigStar 50.0% E-tailers
BUYX BUY.COM 48.8% E-tailers
IASIA Asiacontent.com 46.7% Content/Communities
NEOF Neoforma.com 46.4% E-Commerce Enabler
VSHP VitaminShoppe.com 45.5% E-tailers
STRM StarMedia 43.5% Search/Portals
TOP 10 LOSERS 7-Day % Loss Category
VIAN Viant -44.0% Consultants/Designers
IIXL iXL Enterprises -36.2% Consultants/Designers
OGNC Organic -28.6% Consultants/Designers
TANN Tanning Tech. -27.2% E-Commerce Enablers
SCNT Scient -26.4% Consultants/Designers
USIT U.S. Interactive -26.1% E-Commerce Enablers
XCAR XCare.net -25.6% E-Commerce Enablers
PASW PASW -24.4% Performance Software
RCOM Register.com -22.3% Internet Services
IZAP ZapME! -22.0% ISPs/Access Providers
********************************************************************
WIRELESS PRODUCTS/SERVICES
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
PRTH Parthus Tech. 51.75 10.75 26.2% 84.8% N/A 2.7B
IWAV interWAVE 12.63 1.50 13.5% 1.0% N/A 587.8
GWRX Geoworks 12.25 1.19 10.7% 4.3% -28.0% 265.2
INSP InfoSpace 40.06 3.44 9.4% 27.7% -26.3% 9.4B
PHCM Phone.com 94.44 7.88 9.1% 3.6% -19.8% 7.8B
MCOM Metricom 38.50 -0.38 -1.0% 12.6% -51.8% 1.2B
PALM Palm 41.44 -0.50 -1.2% 10.1% N/A 23.4B
AETH Aether Systems 137.38 -2.38 -1.7% 1.0% 88.9% 5.3B
GOAM GoAmerica 11.06 -0.38 -3.3% 26.4% N/A 568.4
PUMA Puma Technology 24.63 -0.88 -3.4
% 28.3% -62.9% 1.0B
SVNX 724 Solutions 45.13 -1.75 -3.7% 51.4% N/A 1.6B
VYYO Vyyo 31.25 -1.75 -5.3% 19.0% N/A 1.1B
IIIM i3 Mobile 8.38 -0.50 -5.6% -6.9% N/A 191.0
HAND Handspring 30.13 -4.25 -12.4% -14.7% N/A 3.8B
-------------------------------------------------------------------
Wireless Ave. +2.2%
This sector gains for the week, even though most of its members
lose ground. The top slot goes to Parthus Technologies, which climbs
on the launch of its NavStream global positioning system platform
for mobile ‘Net devices. PRTH retains (and widens) its lead in the
group for the past month. The leading ‘Net stock through the first
half of the year, Aether Systems in past weeks has been treading
water.
SEARCH/PORTALS
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
STRM StarMedia 11.44 3.47 43.5% -12.9% -71.9% 752.8
GOTO GoTo.com 22.13 4.63 26.4% 51.9% -62.9% 1.2B
CHINA Chinadotcom 17.94 2.44 15.7% 10.4% -55.1% 1.6B
SINA SINA.com 22.63 1.75 8.4% 21.1% N/A 920.5
SOHU Sohu.com 6.94 0.50 7.8% 22.0% N/A 216.6
AOLA AOL/Latin Am. 8.38 0.50 6.3% N/A N/A 2.2B
BOUT About.com 40.19 2.17 5.7% 37.9% -55.9% 725.5
DIG Disney-Internet 15.44 0.38 2.5% 22.3% -36.0% 2.4B
LCOS Lycos 71.81 1.69 2.4% 25.7% -11.1% 7.9B
ASKJ Ask Jeeves 28.38 0.38 1.3% 49.8% -75.3% 1.0B
LOOK LookSmart 16.75 -0.06 -0.4% -1.1% -38.9% 1.5B
AOL America Online 56.00 -3.13 -5.3% 5.9% -27.2% 128.7B
YHOO Yahoo! 112.06 -11.19 -9.1% -15.5% -49.0% 61.6B
-------------------------------------------------------------------
Search/Portals Ave. +8.1%
It will take a few more weeks like this for Latin American portal
StarMedia Networks to climb out of its year-to-date hole of 72%,
but at least that number sounds a lot better than the 81% YTD
deficit STRM was facing through last week. This week’s climb is due
to rumors that Mexico’s Grupo Televisa SA may buy a stake in the
portal player. For as long as I can remember, Yahoo has had the
third-largest market cap of all ‘Net stocks, trailing only
Cisco Systems and AOL. Now, thanks to this week’s sector-worst
decline of 9.1% Yahoo drops to No. 4, surpassed by bandwidth player
Juniper Networks, valued at $66.1 billion. Look for hot high-speed
chipmaker Broadcom to challenge Yahoo next. After gaining Thursday
while YHOO was falling, BRCM now has a market cap of $53 billion,
versus Yahoo’s $58.7 billion. I see more downside for Yahoo; it
was overvalued to begin with, and market concerns about a decline
in advertising revenue, which triggered YHOO’s slump this week,
aren’t going away.
CONTENT/COMMUNITIES
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
KOOP drkoop.com 2.27 0.92 68.6% 178.7% -81.2% 78.7
IASIA Asiacontent.com 4.13 1.31 46.7% 40.4% N/A 141.6
VDAT Visual Data 4.75 1.38 40.7% 72.7% -59.3% 39.9
HSTM HealthStream 2.75 0.63 29.4% 7.3% N/A 55.0
HGAT HealthGate 1.56 0.31 25.0% 25.0% N/A 27.9
TPN TownPagesNet 2.00 0.37 22.7% -3.1% -61.6% 19.2
DTHK DigitalThink 38.44 6.06 18.7% -2.4% N/A 1.3B
MLTX Multex.com 23.69 3.56 17.7% 7.1% -38.0% 719.8
PASA quepasa.com 1.16 0.16 15.6% 23.2% -91.0% 21.6
TCTY Talk City 1.63 0.19 13.0% 18.2% -93.
9% 40.6
NBCI NBC Internet 10.75 1.06 11.0% 3.0% -86.3% 672.2
GNET Go2Net 72.25 6.75 10.3% 30.0% -18.2% 2.3B
EDGR EDGAR Online 5.25 0.38 7.7% 35.5% -29.9% 65.4
STAD Student Advantage 8.50 0.50 6.3% -5.6% -62.3% 307.0
TGLO theglobe.com 1.44 0.06 4.5% 2.3% -83.1% 44.6
WOMN Women.com 3.25 0.13 4.0% -14.8% -77.5% 152.1
SALN Salon.com 2.00 0.06 3.2% N/A -60.6% 27.7
IMPV ImproveNet 2.06 0.06 3.1% 17.9% N/A 34.5
MKTW MarketWatch.com 11.88 0.31 2.7% -17.4% -68.0% 195.0
LOIS Loislaw.com 7.88 0.13 1.6% -7.0% -80.2% 165.7
TURF iTurf 1.70 0.02 0.9% -47.6% -86.5% 36.0
SPLN SportsLine.com 18.06 0.00 0.0% -1.7% -64.5% 477.1
TSCM TheStreet.com 8.50 0.00 0.0% 38.8% -56.4% 227.9
SNOW Snowball.com 2.63 -0.03 -1.2% -8.7% N/A 98.4
IVIL iVillage 6.94 -0.13 -1.8% 7.8% -66.3% 206.1
LAUN Launch Media 7.13 -0.19 -2.6% 16.3% -63.0% 96.6
SWBD Switchboard 8.56 -0.25 -2.8% 9.2% N/A 211.1
NETR NetRadio 1.75 -0.06 -3.4% -6.7% -79.1% 17.5
INFO Infonautics 3.25 -0.13 -3.7% -19.4% -54.3% 39.7
INTM internet.com 28.69 -1.19 -4.0% 37.8% -45.9% 719.9
QKKA Quokka Sports 6.56 -0.31 -4.5% -2.8% -50.8% 304.1
ONES OneSource 10.88 -0.56 -4.9% 3.6% -20.3% 127.1
ILIF ilife.com 1.78 -0.09 -5.0% 18.7% -61.0% 24.9
SCRM ScreamingMedia 11.19 -0.63 -5.3% -7.7% N/A 418.7
EWBX EarthWeb 12.19 -0.75 -5.8% -13.7% -76.1% 126.8
VERT VerticalNet 52.75 -3.38 -6.0% 19.5% -36.7% 4.5B
HOMS Homestore.com 50.75 -3.25 -6.0% 43.0% -32.7% 4.2B
HOOV Hoover's 6.69 -0.44 -6.1% N/A -24.7% 87.1
HCEN HealthCentral.com 3.94 -0.28 -6.7% 21.2% -47.0% 177.8
MPPP MP3.com 7.88 -0.56 -6.7% -4.5% -75.5% 537.0
KNOT Knot 3.13 -0.38 -10.7% -15.3% -63.5% 45.7
ZDZ ZDNet 17.50 -2.75 -13.6% 15.9% -17.9% 1.3B
CNET CNET Networks 29.91 -4.72 -13.6% 14.2% -48.1% 2.6B
ARTD Artistdirect 2.28 -0.41 -15.1% -29.1% N/A 84.1
--------------------------------------------------------------------
Content/Comm. Ave. +5.1%
If someone wants to get excited that drkoop.com leads all ‘Net stocks
for the week and the month, nearly tripling in price, be my guest.
The upward move is due to a combination of the company slashing
one-third of its workforce in a desperate bid to stay alive, and an
investment of $27.5 million by a group of investors. In return,
the group gets 19.7% of an almost-dead Web company. Yeah, there’s a
new management team, but it’s too late. Of course, compared to
HealthGate Data, KOOP is looking positively Olympian. Since going
public in late January, HGAT is down 87% and has a market cap of
$27.9 million.
E-TAILERS
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
BYND Beyond.com 1.66 0.69 71.0% 60.6% -79.1% 63.0
HITS musicmaker.com 1.38 0.50 57.1% 37.5% -77.0% 45.6
EMUS EMusic.com 2.44 0.88 56.0% 36.9% -76.6% 104.5
BGST BigStar 0.89 0.30 50.0% 23.9% -88.7% 9.0
BUYX BUY.COM 4.00 1.31 48.8% 30.6% N/A 524.7
VSHP VitaminShoppe.com 1.50 0.47 45.5% 41.1% -83.8% 30.5
COOL Cyberian Outpost 4.75 1.31 38.2% 18.8% -52.9% 135.3
ETYS eToys 6.38 1.63 34.2% 58.1% -76.1% 777.8
ASFD Ashford.com 3.50 0.63 21.7% 19.1% -68.7% 158.4
INSW InsWeb 2.50 0.44 21.2%
59.9% -90.4% 88.0
ADBL Audible 2.25 0.38 20.0% 16.1% -85.2% 62.0
BNBN barnesandnoble.com 4.50 0.72 19.0% N/A -68.8% 657.7
SQST SciQuest.com 10.94 1.56 16.7% 17.4% -86.5% 317.2
EGGS Egghead.com 3.13 0.44 16.3% 35.1% -81.0% 132.3
BFLY Bluefly 3.69 0.50 15.7% 43.9% -64.8% 18.2
FASH Fashionmall.com 2.44 0.31 14.6% 25.8% -45.9% 18.3
EFTD FTD.COM 2.56 0.31 13.9% 17.1% -51.9% 124.7
ROOM Hotel Network 37.88 3.75 11.0% 17.9% N/A 2.1B
EBKR Ebookers.com 6.88 0.63 10.0% -25.7% -60.9% 117.0
SFTY eSAFETYWORLD 1.75 0.13 7.7% -9.7% N/A 5.3
EBAY eBay 65.63 4.56 7.5% 31.4% 3.2% 17.6B
LMIN Lastminute.com 13.13 0.88 7.1% 11.7% N/A 394.6
AMZN Amazon.com 45.88 2.94 6.8% 48.6% -40.7% 16.3B
IPET Pets.com 0.97 0.03 3.3% -8.8% N/A 28.7
TMCS Ticketmaster 23.19 0.19 0.8% 1.9% -40.6% 2.0B
TIXX Tickets.com 1.72 5.00 0.0% -19.1% -88.2% 101.6
GDEN Garden.com 1.63 0.00 0.0% -35.0% -81.6% 28.6
PPOD Peapod 2.00 0.00 0.0% -1.5% -77.2% 35.9
AHWY audiohighway.com 1.19 0.00 0.0% -34.5% -86.3% 7.6
EXPE Expedia 16.00 -0.06 -0.4% -0.4% -55.0% 709.3
PCLN priceline.com 27.50 -0.25 -0.9% 7.3% -42.8% 4.6B
WBVN Webvan Group 4.06 -0.06 -1.5% -14.8% -75.8% 1.4B
VSTY Varsity Group 1.03 -0.03 -2.9% 13.8% N/A 16.3
ALOY Alloy Online 8.63 -0.31 -3.5% -17.9% -46.1% 152.0
PLRX PlanetRx.com 0.69 -0.03 -4.3% -4.3% -95.3% 35.4
CTIX Cheap Tickets 10.06 -0.63 -5.8% -12.0% -27.6% 243.9
AMEN Crosswalk.com 2.00 -0.13 -5.9% N/A -61.6% 15.4
DSCM Drugstore.com 5.44 -0.56 -9.4% -7.9% -85.2% 288.6
FATB Fatbrain.com 3.63 -0.38 -9.4% -9.4% -85.8% 47.2
SKDS SmarterKids.com 1.63 -0.19 -10.3% 15.6% -77.9% 33.5
ESTM E-Stamp 1.66 -0.22 -11.7% 55.8% -92.7% 66.0
---------------------------------------------------------------------
E-tailers Ave. +13.4%
New CEO Ron Smith is breathing faint life into shares of Beyond.com,
vowing to hasten the company’s path to profitability. BYND has bombed
as a software and computer e-tailer, and is attempting to reposition
itself as provider of e-commerce services, building, managing and
marketing online stores for businesses. musicmaker.com and EMusic.com
gain by not being MP3.com, which may have to pay Universal Music
Group as much as $250 million for copyright violations. From the
It Was Fun While It Lasted Dept.: After snagging the top two slots
in the sector last week – and the No. 1 and No. 3 positions among
all ‘Net stocks – E-Stamp and SmarterKids.com find themselves back
in more familiar terrain.
FINANCIAL SERVICES
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
NXCD NextCard 9.75 1.56 19.1% 30.0% -66.8% 517.3
LINE onlinetrading.com 5.69 0.69 13.8% 33.8% -48.5% 65.3
NTBK Net.B@nk 12.94 1.44 12.5% 13.1% -31.1% 383.9
AMTD Ameritrade 20.81 2.28 12.3% 52.8% -5.5% 3.6B
ECMV E Com Ventures 1.38 0.13 10.0% 10.0% -59.9% 13.5
WEBS Web Street 2.75 0.19 7.3% 23.9% -78.1% 70.9
ICGE Internet Capital 37.58 1.58 4.4% 9.1% -78.2% 10.5B
EGRP E*TRADE 18.38 0.38 2.1% 19.0% -30.7% 5.5B
CMGI CMGI 46.69 0.88 1.9% 27.3% -66.8% 13.8B
EELN E-LOAN 3.50 0.06 1.8% 0.9% -78.8% 185.1
WITC Wit Soundvi
ew 9.28 0.13 1.4% 16.0% -46.2% 840.2
TREE LendingTree 4.94 -0.13 -2.5% -29.5% N/A 89.0
DVIN divine Interventures 7.94 -0.56 -6.6% 13.4% N/A 1.1B
DIR DLJdirect 7.88 -0.81 -9.4% 13.5% -42.8% 808.4
MDCM Mortgage.com 0.88 -0.13 -12.5% -12.5% -85.2% 38.8
----------------------------------------------------------------------
Financial Services Ave. +3.7%
The YTD numbers here still look dismal – no gainers at all – but the
monthly and weekly stats are encouraging. Well, not for Mortgage.com
and competitor LendingTree, which aren’t exactly picking up steam
from the summer house-buying season. A sizzling month puts Ameritrade
within striking distance of becoming the only stock in the group to
gain for the year. CMGI hopes to build on its best month since 1999
and an announcement this week of a reorganization designed to dispense
with the deadwood in its portfolio and re-convince investors that the
company understands where the Internet economy.
E-COMMERCE ENABLERS
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
NEOF Neoforma.com 4.44 1.41 46.4% 36.6% N/A 563.0
CYBS CyberSource 13.31 3.75 39.2% 90.2% -74.7% 346.2
LQID Liquid Audio 8.50 1.75 25.9% 32.0% -68.1% 190.3
CKCM Click Commerce 33.88 5.25 18.3% 38.3% N/A 1.3B
NETP Net Perceptions 15.00 2.31 18.2% 33.3% -64.8% 400.7
ITRA Intraware 12.13 1.75 16.9% 104.2% -85.1% 318.0
QSFT Quest Software 59.00 7.88 15.4% 12.5% 13.9% 5.1B
PCOR pcOrder.com 6.00 0.70 13.3% 25.5% -88.4% 101.3
IMNY I-Many 13.63 1.38 11.2% 7.4% N/A 435.6
ELCO Elcom Int. 6.38 0.63 10.9% N/A -81.5% 195.9
PRSW Persistence 17.69 1.69 10.5% 11.4% -22.6% 345.8
EPNY E.piphany 104.88 8.88 9.2% 7.0% -53.7% 4.7B
EPAY Bottomline Tech. 32.88 2.75 9.1% 15.1% -10.1% 357.3
WEBM webMethods 106.06 8.75 9.0% 12.1% N/A 3.5B
PPRO PurchasePro.com 63.63 4.44 7.5% 60.1% -54.4% 2.0B
CORI Corillian 8.50 0.56 7.1% -22.6% N/A 271.4
INTW InterWorld 20.19 1.06 5.6% 12.2% -76.7% 589.1
AGIL Agile Software 73.00 3.31 4.8% 15.6% -33.8% 3.4B
SNHK Sunhawk.com 16.00 0.63 4.1% 19.6% N/A 48.1
ONVI Onvia.com 6.88 0.25 3.8% -2.7% N/A 555.1
GSPT Global Sports 8.00 0.28 3.6% 8.5% -37.3% 173.6
AWEB Autoweb.com 1.81 0.06 3.6% -7.9% -83.6% 53.5
IMPV ImproveNet 2.06 0.06 3.1% 17.9% N/A 34.5
BVSN BroadVision 35.56 1.06 3.1% 10.5% -38.2% 9.5B
ARBA Ariba 156.31 3.81 2.5% 15.5% 73.6% 37.6B
STCS Software Tech. 20.25 0.44 2.2% -8.0% N/A 1.4B
PRTS PartsBase.com 3.75 0.06 1.7% -33.3% N/A 52.8
QUOT Quotesmith.com 2.13 0.00 0.0% -12.8% -81.6% 40.9
CMRC Commerce One 62.69 -0.56 -0.9% 32.1% -37.2% 10.2B
DGIN Digital Insight 25.50 -0.38 -1.4% N/A -31.0% 736.8
FAIM FairMarket 4.00 -0.06 -1.5% -4.5% N/A 113.2
BBSW Broadbase 21.63 -0.38 -1.7% -6.5% -62.1% 1.0B
CYCH CyberCash 5.50 -0.13 -2.2% 39.7% -41.5% 142.3
FIRE FirePond 19.63 -0.50 -2.5% 19.4% N/A 696.5
APNT AppNet 48.69 -1.38 -2.7% 29.8% 9.6% 1.7B
ORCC Online Resources 5.88 -0.19 -3.1% 2.2% -65.2% 68.1
NVDC Navidec 7.88 -0.31 -3.8% 8.6% -35.4% 86.7
CLIC Calico Commerce 9.31 -0.38 -3.9% 33.0% -82.7% 326.7
DRIV Digital River 6.69 -0.31 -4.5% 21.6% -80.2% 1
46.5
ARTG Art Technology 97.06 -4.81 -4.7% 4.0% 49.2% 6.5B
ITWO i2 Technologies 160.00 -8.75 -5.2% 14.9% 61.6% 31.7B
RETK Retek 32.13 -1.88 -5.5% 21.5% -58.0% 1.5B
ABTL Autobytel.com 4.75 -0.31 -6.2% 4.1% -69.2% 96.5
ROWE Rowecom 6.06 -0.47 -7.2% 49.2% -86.8% 62.7
BTBC b2bstores.com 1.84 -0.16 -7.8% 22.9% N/A 15.9
PFSW PFSweb 2.91 -0.25 -7.9% 20.8% -92.4% 51.9
OPUS Opus360 3.69 -0.38 -9.2% 18.0% N/A 185.1
CYSV Cysive 7.63 -0.88 -10.3% -61.5% -79.2% 213.4
HCOM HomeCom 0.72 -0.09 -11.5% -17.8% -77.8% 5.9
PRVW Preview Systems 7.63 -1.03 -11.9% -22.8% -88.4% 130.5
OMKT Open Market 8.19 -1.31 -13.8% 8.3% -82.1% 381.4
SLTC Selectica 38.44 -7.13 -15.6% -26.3% N/A 1.4B
BRNC Braun Consulting 14.13 -2.94 -17.2% -13.7% -80.5% 284.2
XCAR XCare.net 3.81 -1.31 -25.6% 8.0% N/A 61.9
USIT U.S. Interactive 6.38 -2.25 -26.1% -36.3% -85.4% 165.4
TANN Tanning Tech. 13.38 -5.00 -27.2% -21.3% -77.7% 281.6
--------------------------------------------------------------------
E-commerce Enablers Ave. +1.2%
Could it be that online B2B software marketplace Intraware, like
faux dinosaur rock band Spinal Tap, is mounting a comeback? The
company isn’t as sickly as, say, your average failing e-tailer or
content player, and miracles do happen, but this one is a long-shot.
Sector leader Neoforma.com rises after the online medical-goods
marketplace signs up a bunch of new hospitals as customers.
You’d think that U.S. Interactive’s naming of a new “Chief Creative
Officer” last month would have lit a fire under the company’s
stock. I guess investors just don’t get it.
SECURITY
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
VLCT ValiCert 14.88 2.13 16.7% 20.8% N/A 325.0
ITRU InterTrust 18.19 1.81 11.1% 18.3% -69.5% 1.6B
VONE V-ONE 3.16 0.28 9.8% 1.0% -47.1% 69.8
ENTU Entrust Tech. 28.94 2.38 8.9% 12.4% -52.5% 1.8B
WGRD WatchGuard 51.69 1.75 3.5% -8.5% 68.3% 1.2B
CHKP Check Point 146.03 3.41 2.4% 13.4% 189.4% 22.4B
NETE Netegrity 57.50 0.83 1.5% 3.4% 49.2% 1.7B
PILT Pilot Network 14.06 0.06 0.4% 14.8% -42.3% 212.1
ISSX Internet Security 79.06 -0.19 -0.2% 22.1% 9.5% 3.3B
AXNT AXENT 23.38 -0.38 -1.6% -7.4% 9.6% 676.3
NSSI Network-1 6.69 -0.19 -2.7% -21.9% -39.1% 41.8
LTNX Litronic 5.13 -0.25 -4.7% -6.8% -36.9% 50.6
RSAS RSA Security 54.00 -4.25 -7.3% -15.8% -31.4% 2.2B
CYLK Cylink 12.27 -1.61 -11.6% -5.6% -10.5% 378.2
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Security Ave. +1.9%
E-transaction security infrastructure provider ValiCert gets a boost
from “buy” rating from Donaldson, Lufkin & Jenrette. InterTrust
still has the worst YTD mark in the group, but announcement that
it has been granted a patent for its digital rights management
technology could keep it climbing. Try to say this five times in
a row, real fast: See Cylink shares sink by the sea shore. It has
stumbled lately, but WatchGuard Technologies has quietly become
one of the 10 biggest gainers this year among all ‘Net stocks.
PERFORMANCE SOFTWARE
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
EVLV Evolve Software 27.25 7.88 40.6% N/A N/A
996.1
VATA Versata 27.25 6.38 30.5% 18.8% N/A 1.1B
LOUD Loudeye Tech. 13.50 2.69 24.9% 3.3% N/A 499.7
IMAN iManage 13.13 2.50 23.5% 32.9% -59.8% 305.5
MONE MatrixOne 36.56 5.56 17.9% -21.4% N/A 1.5B
BLUE Blue Martini 60.88 7.38 13.8% -12.7% N/A 4.2B
PKSI Primus Knowledge 27.25 3.00 12.4% -3.1% -40.8% 488.2
LBRT Liberate Tech. 31.38 3.06 10.8% 59.9% -76.0% 2.9B
WEBT WebTrends 43.75 4.25 10.8% 40.0% 6.4% 1.1B
SWCM Software.com 149.50 14.50 10.7% 5.0% 53.3% 7.3B
EMBT Embarcadero 45.95 4.39 10.6% 24.2% N/A 1.2B
PRSF Portal Software 55.94 5.06 10.0% -6.9% 7.1% 9.0B
COBT Cobalt Networks 52.13 4.63 9.7% 30.5% -52.6% 1.5B
CWLD CrossWorlds 23.88 2.00 9.1% 37.4% N/A 619.4
DTEC Delano Tech. 11.19 0.88 8.5% 11.9% N/A 337.2
WAVO WAVO 0.81 0.06 8.3% 30.1% -79.3% 36.0
CLRN Clarent 52.88 4.00 8.2% 65.2% -33.0% 1.8B
IPIX Internet Pict. 8.00 0.56 7.6% -12.9% -52.4% 482.7
SONE S1 Corp. 18.69 1.31 7.6% 9.1% -76.4% 1.0B
VIGN Vignette 36.44 2.44 7.2% 1.6% -34.0% 8.4B
NTOP Net2Phone 30.94 1.94 6.7% 16.2% -33.7% 1.7B
RNWK RealNetworks 51.50 2.19 4.4% 27.0% -15.7% 8.0B
NSPK NetSpeak 11.88 0.38 3.3% 35.7% -45.0% 168.4
TIBX Tibco Software 102.06 3.19 3.2% -12.3% 97.1% 19.4B
VOCL VocalTec 16.00 0.38 2.4% -21.0% -5.9% 193.8
DGV Digital Lava 6.56 0.12 1.9% 4.0% -7.7% 47.2
BLSW Bluestone 22.50 0.25 1.1% 12.5% -80.7% 467.4
RHAT Red Hat 25.69 0.25 1.0% 28.0% -76.1% 4.0B
VMDC VantageMed 1.69 0.00 0.0% -23.9% N/A 14.5
GTHR GetThere 17.34 -0.03 -0.2% 92.7% -57.6% 579.7
EPRS Eprise 15.63 -0.06 -0.4% -19.6% N/A 392.9
SSSW SilverStream 31.25 -0.13 -0.4% 9.6% -74.1% 640.2
OTGS OTG Software 25.19 -0.25 -1.0% -25.9% N/A 649.0
EXTN Extensity 22.88 -0.38 -1.6% -5.7% N/A 545.8
FVCX FVC.com 7.13 -0.13 -1.7% 29.5% -40.0% 123.0
NTGX net.Genesis 8.38 -0.16 -1.8% -32.3% N/A 177.1
SABA Saba Software 28.00 -0.63 -2.2% 8.2% N/A 1.2B
OTEX Open Text 25.13 -0.63 -2.4% 15.8% 37.4% 508.3
BWEB BackWeb 18.75 -0.50 -2.6% 7.1% -56.2% 704.1
NESY NEON Systems 16.81 -0.63 -3.6% 40.1% -57.8% 158.5
RWAV Rogue Wave 6.63 -0.31 -4.5% 3.9% -18.5% 72.2
RDWR Radware 31.00 -1.94 -5.9% 6.4% -29.2% 479.6
IWOV Interwoven 89.25 -6.81 -7.1% 22.3% 44.5% 4.4B
TMNT Telemate.Net 2.25 -0.19 -7.7% 4.4% -86.4% 17.7
SQSW Sequoia Software 10.06 -0.88 -8.0% -12.5% N/A 309.0
WBSN Websense 17.38 -1.56 -8.3% 21.9% N/A 339.2
SGNT Sagent Tech. 9.97 -0.91 -8.3% -20.2% -67.2% 284.8
VIAD Viador 9.03 -0.84 -8.5% 4.7% -79.0% 160.8
SPRT Support.com 29.50 -3.00 -9.2% -9.2% N/A 991.9
ALLR Allaire 31.17 -4.27 -12.0% -2.8% -58.0% 849.3
CTRA Centra Software 8.75 -1.25 -12.5% 18.6% N/A 211.5
PASW PASW 3.00 -0.97 -24.4% -13.5% -48.1% 13.5
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Performance Software Ave. +3.3%
Internet “service chain” software provider Evolve Software is up
51% since going public on Aug. 10. EVLV picks up a “buy” rating
and 12-month price target of $38 per share from Credit Suisse
First Boston. Buried in the middle, with a slight loss, is this
month’s sector leader, GetThere, which reported higher revenues
and gross margin in Q2, along with a healthy reduction in net loss.
PASW, formerly Pacific Softworks, sells the assets of subsidiary
PSI Softworks Technology to NETSilicon. The market is unenthused.
INTERNET SERVICES
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
EGRT Egreetings 1.50 0.38 33.3% 9.1% -85.4% 52.5
STMP Stamps.com 7.38 1.69 29.7% 47.5% -82.6% 362.2
CRFH Crayfish Co. 7.03 1.53 27.8% 30.8% N/A 357.7
DRTN Data Return 23.69 4.38 22.7% 26.3% -56.4% 842.2
SKIL SkillSoft 20.19 3.56 21.4% 63.1% N/A 267.2
NTWO N2H2 3.38 0.50 17.4% -0.9% -85.9% 75.9
SRCH US SEARCH.com 1.97 0.28 16.7% 8.6% -74.1% 35.3
FUSN Fusion Networks 1.34 0.19 16.2% -8.5% N/A 36.9
CHRD Chordiant 14.63 2.00 15.8% 23.8% N/A 538.4
IPRT iPrint.com 3.94 0.50 14.5% -9.3% N/A 118.0
ECRU E-Cruiter.com 4.00 0.44 12.3% 10.3% -44.7% 29.5
IBAS iBasis 24.50 2.50 11.4% 16.7% -16.1% 835.1
CTCH CommTouch 22.63 2.06 10.0% 27.9% -54.1% 345.3
LFMN Lifeminders 29.50 2.56 9.5% 61.6% -49.7% 703.6
EQIX Equinix 15.50 1.31 9.3% N/A N/A 1.1B
ACRU Accrue Software 22.88 1.88 8.9% 10.2% -58.4% 669.0
WEBX WebEx 42.94 3.00 7.5% 16.4% N/A 1.6B
MRBA Marimba 17.88 1.00 5.9% -6.2% -61.8% 418.9
CAVN Cavion 4.88 0.25 5.4% -4.9% -38.1% 24.2
WNET WHEREVER.net 3.25 0.16 5.1% 26.8% N/A 83.0
HLTH Healtheon/WebMD 18.25 0.88 5.0% 53.7% -52.1% 4.0B
LPSN LivePerson 7.06 0.31 4.6% -16.3% N/A 208.0
ITXC ITXC 21.75 0.69 3.3% -7.4% -36.3% 838.1
LIOX Lionbridge 9.44 0.19 2.0% 21.8% -49.1% 257.8
HOTJ HotJobs.com 19.50 0.38 2.0% 20.9% -56.0% 704.8
INIT Interliant 12.70 0.14 1.1% -12.4% -51.9% 607.6
MAIL Mail.com 6.34 0.03 0.5% -14.0% -66.7% 379.1
EGAN eGain 11.50 0.00 0.0% 59.3% -70.0% 340.4
SAPE Sapient 46.25 -0.31 -0.7% -32.7% -35.4% 5.5B
CONV Convergent 3.97 -0.03 -0.8% -3.8% -75.4% 117.4
NETZ Netzee 5.44 -0.06 -1.1% -3.3% -67.8% 119.8
VCNT Vicinity 10.56 -0.13 -1.2% -27.5% N/A 296.6
WQNI WorldQuest 5.00 -0.06 -1.2% -0.6% N/A 31.9
SVVS Savvis Comm. 8.88 -0.13 -1.4% -9.0% N/A 825.0
NAVI NaviSite 46.06 -0.69 -1.5% 8.1% -9.3% 2.6B
HHNT HeadHunter.NET 5.94 -0.09 -1.6% -5.9% -53.5% 110.4
KANA Kana 37.13 -1.50 -3.9% 12.7% -64.3% 3.5B
USIX USinternetworking 9.75 -0.56 -5.5% -27.1% -79.4% 944.4
ILND Interland 6.88 -0.44 -6.0% -14.7% N/A 321.1
MDLI MedicaLogic 6.00 -0.41 -6.3% 2.1% -71.9% 331.5
CRIO Corio 12.25 -0.88 -6.7% -18.3% N/A 593.9
CLAI Claimsnet.com 4.06 -0.31 -7.1% 96.9% -60.0% 37.4
EVOK Evoke Comm. 9.63 -0.81 -7.8% 37.5% N/A 449.8
EXDS Exodus Comm. 62.44 -5.44 -8.0% 15.5% 38.5% 26.1B
BWAY Breakaway Sol. 14.56 -1.50 -9.3% -45.2% -60.7% 655.6
KEYN Keynote Systems 27.00 -3.00 -10.0% -25.3% -64.0% 747.4
VRSN VeriSign 170.19 -23.56 -12.2% 16.8% -12.2% 33.1B
CPTH Critical Path 68.25 -9.50 -12.2% 21.9% -28.8% 4.4B
JPTR Jupiter 19.75 -4.00 -16.8% -21.8% -35.7% 307.9
ETIN Etinuum 4.38 -1.00 -18.6% 6.1% N/A 80.4
DIGX Digex 68.75 -17.31 -20.1% -3.1% -1.5% 4.4
B
RCOM Register.com 10.00 -2.88 -22.3% -42.4% N/A 319.9
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Internet Services Ave. +2.6%
Two real dogs lead the pack here. Don’t plan a ticker-tape parade
yet, though; both Egreetings and Stamps.com remain near their all-time
lows. Same goes for N2H2, which gains 17% but is down 86% for the year.
Register.com touted itself as the main challenger to leading Internet
domain registrar Network Solutions, which was purchased by VeriSign
during the summer. Now the company’s stock is struggling. Digex slides
in the wake of news that WorldCom will buy Intermedia Communications,
the parent company of the Web-hosting firm. PaineWebber cuts its
rating of DIGX to “attractive” from “buy”.
ADVERTISING/MARKETING
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
MPLX Mediaplex 12.50 1.81 17.0% 81.8% -80.4% 420.7
NTCR NetCreations 20.75 1.63 8.5% -21.6% -53.6% 321.5
AVEA Avenue A 8.25 0.06 0.8% 2.3% N/A 479.1
MYPT MyPoints.com 12.63 0.00 0.0% -3.1% -83.2% 371.1
NCNT Netcentives 9.41 -0.03 -0.3% -19.9% -85.1% 400.8
PRME Prime Response 5.91 -0.09 -1.6% -14.1% N/A 122.1
ENGA Engage 12.56 -0.31 -2.4% 54.6% -58.8% 2.3B
LNTY L90 7.19 -0.25 -3.4% 6.5% N/A 160.7
CSAV coolsavings.com 3.19 -0.13 -3.8% -12.1% N/A 124.6
HPOL Harris Inter. 3.88 -0.16 -3.9% -3.1% -70.8% 125.2
FSHP FreeShop.com 3.88 -0.19 -4.6% -4.6% -92.1% 60.8
BFRE Be Free 5.56 -0.31 -5.3% 8.5% -84.8% 362.7
NTRT NetRatings 17.00 -1.00 -5.6% -7.5% -65.2% 552.2
CBLT Cobalt Group 5.00 -0.31 -5.9% -4.8% -47.5% 88.3
DIGI Digital Impact 9.63 -0.63 -6.1% -20.0% -81.1% 238.6
VCLK ValueClick 11.00 -1.00 -8.3% 7.3% N/A 308.1
APLN @Plan.Inc 5.38 -0.63 -10.4% -6.5% -46.4% 60.6
DCLK DoubleClick 37.44 -4.63 -11.0% 9.1% -70.9% 4.6B
TFSM 24/7 Media 12.44 -2.19 -15.0% 10.6% -78.2% 442.8
MMXI Media Metrix 21.06 -4.19 -16.6% -21.6% -42.0% 418.5
---------------------------------------------------------------------
Advertising/Marketing Ave. -3.9%
One of only two sectors to falter, though this group’s decline was
slight compared to what’s on deck. Mediaplex is tops for the week
and month. It still seems to be getting upward momentum from a nice
plug in the Washington Post late last month. Internet audience
measurer Media Metrix is awarded a patent for its tracking-meter
technology. Shares respond by hitting a new low closing price
of $21.06.
CONSULTANTS/DESIGNERS
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close Change %Change %Change Cap
MSPR Mainspring 12.38 2.38 23.8% -16.5% N/A 232.7
LUMT Luminant 8.94 1.06 13.5% 7.5% -80.7% 242.2
CVGP Convergent Group 5.00 0.14 2.9% -27.9% N/A 217.1
GENI GenesisIntermedia 15.13 0.13 0.8% 0.4% 156.2% 97.8
PRFT Perficient 12.75 -0.25 -1.9% 3.0% -1.5% 77.4
RAZF Razorfish 12.44 -0.31 -2.5% -25.2% -74.3% 1.2B
MRCH marchFIRST 19.50 -1.06 -5.2% -1.6% -64.2% 2.9B
LNTE Lante 8.38 -0.56 -6.3% -34.3% N/A 330.9
PECS PEC Solutions 6.38 -0.56 -8.1% -23.3% N/A 142.0
DTAS Digitas 12.75 -1.75 -12.1% -31.8% N/A 733.6
INFT Inforte 31.44 -6.06 -16.2% -22.6% N/A 389.8
PXCM Proxicom
18.94 -3.69 -16.3% -55.7% -70.0% 1.1B
ACOM AGENCY.COM 20.50 -4.06 -16.5% -3.2% -60.4% 729.9
MMPT Modem Media 8.69 -1.75 -16.8% -30.2% -75.7% 212.9
IISX Integrated Info. 5.75 -1.25 -17.9% -17.9% N/A 117.7
SCNT Scient 22.50 -8.06 -26.4% -47.7% -74.4% 1.6B
OGNC Organic 5.31 -2.13 -28.6% -33.6% N/A 467.3
IIXL iXL Enterprises 6.94 -3.94 -36.2% -45.3% -87.7% 525.2
VIAN Viant 8.13 -6.38 -44.0% -73.8% -83.8% 389.6
----------------------------------------------------------------------
Consultants/Designers Ave. -11.3%
The bottom has fallen out of this sector in the past month. And it’s
not just Viant and iXL Enterprises dragging down the average. Only
three stocks here have gained in the past month, and those just barely.
The Internet consulting market is oversaturated; nearly half of the
companies above went public this year, even as a wave of bearish
sentiment (and growing losses) slowed spending by prospective customers.
Only GenesisIntermedia.com has gained for the year, and GENI’s price
has barely budged since April.
SPEED/BANDWIDTH
9/6 7-Day 7-Day 1-Month YTD Market
Company $Close $Change %Change %Change Cap
IBEM iBEAM 12.25 2.25 22.5% 16.7% N/A 1.3B
ATHM At Home 17.56 2.94 20.1% 24.3% -59.7% 7.1B
WGAT WorldGate 21.19 2.56 13.8% 2.7% -56.1% 459.1
NENG Network Engines 37.81 2.75 7.8% 43.4% N/A 1.3B
COVD Covad Comm. 17.25 1.13 7.0% 7.0% -54.5% 2.7B
RSNT Resonate 41.00 2.56 6.7% 7.9% N/A 1.1B
RAMP Ramp Networks 5.38 0.25 4.9% -18.9% -65.3% 116.4
FFIV F5 Networks 54.50 1.75 3.3% 19.8% -52.9% 1.2B
JNPR Juniper 209.69 5.81 2.9% 26.6% 264.4% 66.1B
CFLO CacheFlow 107.44 2.44 2.3% 48.2% -19.1% 4.2B
INAP InterNAP 33.70 0.70 2.1% 14.7% -61.6% 4.9B
INKT Inktomi 123.81 -2.19 -1.7% 18.4% 37.4% 14.1B
HSAC High Speed Access 5.38 -0.13 -2.3% 7.5% -70.0% 299.3
CAIS CAIS Internet 7.94 -0.19 -2.3% -17.0% -78.0% 183.4
AVCI Avici Systems 130.38 -4.13 -3.1% -5.8% N/A 6.3B
CSCO Cisco Systems 64.25 -2.31 -3.5% -5.3% 18.1% 451.3B
ATON Alteon WebSystems 140.25 -5.63 -3.9% -1.1% 57.4% 6.1B
TERN Terayon 50.50 -2.38 -4.5% -10.2% 58.3% 3.1B
AKAM Akamai 69.13 -3.38 -4.7% -3.2% -79.2% 7.4B
PKTR Packeteer 46.63 -2.50 -5.1% 3.2% -35.3% 1.3B
BRCM Broadcom 225.88 -12.56 -5.3% -3.7% 63.3% 50.2B
SCMR Sycamore Networks 131.63 -7.94 -5.7% -1.8% 26.2% 32.2B
RDWR Radware 31.00 -1.94 -5.9% 6.4% -29.2% 479.6
SONS Sonus Networks 154.50 -10.94 -6.6% -32.2% N/A 9.4B
TUTS Tut Systems 101.81 -13.69 -11.9% 0.6% 87.0% 1.6B
----------------------------------------------------------------------
Speed/Bandwidth Ave. 1.1%
The top-performing sector this year (with eight gainers of 31 among
all ‘Net stocks) treads water for the week. Juniper Networks, as
mentioned earlier, has become the brightest star in the Internet
galaxy. A just-published rave about the company in Business Week
could help keep the upward momentum going. Since hitting an all-time
low close of $7.06 on Aug. 24, this week’s sector leader, iBEAM, has
gained 74%. The second-biggest YTD gainer in the group, Tut Systems,
cools off.
ISPs/ACCESS PROVIDERS
9/6 7-Day 7-Day 1-Month YTD Market
C
ompany $Close $Change %Change %Change
Cap
FREE Freeserve 46.00 9.38 25.6% 6.4% -50.8% 4.6B
PCNTF Pacific Internet 15.69 2.56 19.5% 7.7% -67.1% 198.4
KOREA Korea Thrunet 8.83 1.39 18.7% -9.5% -87.2% 635.3
FSST FASTNET 2.38 0.34 16.9% 18.8% N/A 35.6
IGLD Internet Gold 6.47 0.84 15.0% -4.2% -71.4% 119.2
IIJI Internet/Japan 42.50 4.44 11.7% 4.9% -56.9% 1.9B
ELNK EarthLink 12.63 1.13 9.8% 14.1% -70.7% 1.6B
GEEK Internet America 4.06 0.31 8.3% 1.6% -66.1% 39.4
BIZZ Biznessonline 3.00 0.22 7.9% -15.8% -57.8% 27.1
DDDC Deltathree.com 6.81 0.38 5.8% -17.4% -73.9% 196.4
ONEM OneMain.com 10.25 0.56 5.8% 6.5% -32.7% 257.9
ZIPL Ziplink 5.81 0.31 5.7% 10.7% -54.2% 75.5
TRRA Terra Networks 40.25 2.13 5.6% 19.9% -27.6% 11.1B
RMII RMI.Net 2.44 0.13 5.4% -13.3% -71.1% 53.4
NZRO NetZero 4.13 0.06 1.5% -19.5% -84.9% 432.5
IDTC IDT Corp. 40.63 0.38 0.9% 4.2% 111.9% 1.5B
ATHY AppliedTheory 7.63 0.03 0.4% -9.0% -72.9% 189.2
HANA Hanaro Telecom 5.19 0.00 0.0% -7.3% N/A 1.4B
PRGY Prodigy 7.88 0.00 0.0% 15.6% -60.0% 550.1
VRIO Verio 59.81 -0.13 -0.2% 11.8% 27.5% 4.9B
GIGM GigaMedia 10.75 -0.06 -0.6% 16.2% N/A 524.9
PSIX PSINet 17.75 -0.19 -1.0% 2.1% -43.4% 3.4B
JWEB Juno Online 6.00 -0.13 -2.0% 1.0% -83.4% 233.2
ISLD Digital Island 29.25 -1.06 -3.5% 8.8% -69.7% 2.0B
PNVN PNV 1.50 -0.06 -4.0% -28.4% -82.0% 23.9
VOYN Voyager.net 6.56 -0.31 -4.5% -4.5% -29.7% 207.7
QSCG QS Communications 17.75 -1.00 -5.3% -13.4% N/A 904.8
VNWI VIA NET.WORKS 13.13 -1.00 -7.1% 1.0% N/A 783.3
NPLI Netpliance 4.69 -0.56 -10.7% -32.7% N/A 283.2
LOAX Log On America 3.06 -0.38 -10.9% -15.5% -85.1% 25.5
DSLN DSL.net 5.66 -1.00 -15.0% 54.7% -61.4% 372.6
TLCT Telocity Delaware 4.38 -0.88 -16.7% 34.6% N/A 371.3
IZAP ZapME! 2.00 -0.56 -22.0% -31.2% -77.2% 88.0
---------------------------------------------------------------------
ISP/Access Provider Ave. +1.8%
Another sector with “consolidation” written all over it; too many
little fiefdoms, not enough customers to sustain revenue growth
for everyone. British access provider Freeserve leads the way after
rumored acquisition by European telecom giant Deutsche Telekom
falls through. IZAP, YOUZAP, HEZAPS, SHEZAPS – whatever the personal
pronoun, ZapME!, the access provider to schools and marketers trying
to sell stuff to students, continues to hit new lows.
