internet.com's Internet Stock Index fell 40.38, or 4.51 percent, to 854.24, the Nasdaq Composite lost 139.32 to 4096.08 and the Dow Jones industrial average dropped 243.54 to 11008.17. Monday's losses erased almost all of last week's gains.
Neoforma.com (NEOF) zoomed up 39-3/8 to 52-3/8 in its first day of trading. The online B2B medical supplier priced 7 million shares at $13 each. Underwriters were Merrill Lynch, Bear Stearns, Robertson Stephens, Volpe Brown Whelan and William Blair.
Software.com (SWCM) added 2-7/16 to 95-1/2. Piper Jaffray initiated coverage with a "strong buy" rating and $112 price target.
Broadcom Corp. (BRCM) fell 24-13/16 to 287-5/8, eBay Inc. (EBAY) gave up 14-1/8 to 136-3/8, Network Solutions Inc. (NSOL) slipped 34-15/16 points lower to 236-11/16 and Verisign Inc. (VRSN) lost 12-13/16 to 195-1/8.
E-tail giant Amazon.com Inc. (AMZN) jumped 8-1/6 to 70-1/8. The company Monday invested another $30 million in drugstore.com (DSCM), bringing its total stake to almost 28 percent. Drugstore.com added 5-7/8 to 35.
MP3.com Inc. (MPPP) lost 1/2 to 29-1/8. Over the weekend, the company confirmed the Recording Industry Association of America had hit it with a infringement lawsuit. The suit centers around its personalization initiative.
Liquid Audio Inc. (LQID) matured 8-3/16 to 34-1/16 on news the company will add support for Microsoft Corp.'s (MSFT) Windows Media format in its flagship audio player.
Quintiles Transnational Corp. (QTRN) added 3-1/6 to 27-1/2 and Healtheon/WebMD Corp. (HLTH) gained 5-9/16 to 65-1/8. Healtheon is paying $2.5 billion in stock and cash to pay Quintiles, which conducts clinical drug trials.
Ask Jeeves Inc. (ASKJ) lost 9/16 to 99. Daimler Chrysler Monday agreed to use Ask Jeeves' corporate search tool on its Web site.
Autobytel.com Inc. (ABTL) slipped 1/2 to 12-1/16. The online car site plans to offer vehicles to consumers directly, bypassing dealers.
Juniper Networks Inc. (JNPR) fell 8-9/16 to 141-3/8 and Extreme Networks Inc. (EXTR) added 9/16 to 89-7/16. The companies are working together to give Internet providers faster-performing equipment and better network results.
Subscribe to internet.com's HotWatch, a monthly e-mail newsletter featuring Internet Stock Report's top 10 noteworthy Internet stocks for the month. Each month you will receive in-depth analysis on the top 10 Internet stocks to watch with the information you need to assess the fast-paced nature of Internet stocks. Staying on top of market changes in the Internet Stock market is what counts. You receive 12 timely issues sent to you by e-mail. Don't wait, our next issue will be out before you know it with a whole new perspective on the market. Sign up today at: e-newsletters
For advertising information, e-mail Frank Fazio.
#If you have any other info about this subject , Please add it free.# |
