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Whether one views Merrill Lynch's Henry Blodget as a top-notch analyst or simply a cheerleader for arguably overvalued companies, one has to admit that he is powerful. Obviously, Blodget did not single-handedly account for Wednesday's sharp gains in the Internet sector, but he played a big part in t...
Shares of Exodus Communications (Nasdaq: EXDS), which provides hosting services for online businesses, gained 10-15/16 to 132-1/2 Wednesday after the company announced an alliance with e-commerce applications provider OpenSales. Under the terms of the deal, OpenSales will refer its customers to Exod...
Like Exodus, applications service provider NaviSite (Nasdaq: NAVI) has seen its stock rocket recently as investors have piled into Internet hosting companies. Shares of NaviSite climbed more than 6.3 percent on Wednesday, gaining 8-5/8 to 144-7/8 after the company had a grand opening ceremony for it...
Shares of Chemdex (Nasdaq: CMDX), which operates an online marketplace for the life sciences industry, gained 35-14 to 155-1/4 Tuesday after the company announced that it is expanding into other business-to-business (B2B) vertical markets. Chemdex has formed Ventro, a new company that will operate m...
Shares of e-business infrastructure company Portal Software (Nasdaq: PRSF) gained more than 8.8 percent in early trading today, rising 6-1/2 to 80-1/16 one day after the company reported record fourth quarter revenue of $39 million. The $39 million represents a 252 percent increase over the $11.1 mi...
Shares of Watchguard Technologies (Nasdaq: WGRD), an Internet security solutions provider that serves small and medium-sized businesses, soared 15.7 percent on Tuesday, gaining 9-1/2 to 70. The rise came after Credit Suisse First Boston initiated coverage on Watchguard with a strong buy rating and a...
The Internet initial public offering market is expected to stay hot this week, with a handful of offerings expected to do well. One of the week's top performers is expected to be Internet marketing firm Avenue A, whose customers include Microsoft and Gateway Computer. Avenue A is in a crowded field,...
The Nasdaq plummeted more than three percent on Friday, but the broad sell off could not slow down the shares of E.piphany (Nasdaq: EPNY), which develops customer-relationship management (CRM) software. Shares of E.piphany rocketed 13.5 percent on Friday, gaining 20-1/4 to 170-1/4, after the company...
Shares of Inforte (Nasdaq: INFT), an Internet services firm that competes with companies such as Razorfish and the recently public Organic, got off to a strong start on Friday. The company went public at $32 a share, the top of its revised range of $30 to $32 and well above its previous range of $23...
Shares of online technology network CNET (Nasdaq: CNET), which is expanding its e-commerce presence with the acquisition of comparison-shopping service mySimon, gained 3-1/12 to 66-5/16 in early trading today. The rise came after CS First Boston raised its rating on CNET to strong buy and gave the s...
The initial public offering of Apropos Technology (Nasdaq: APRS), which provides customer interaction management for online businesses, got off to a strong start on Thursday. The stock climbed 24 to 47, a gain of about 109 percent.
Eloquent (Nasdaq: ELOQ), which provides business-to-business Web-based, rich-media communications solutions, also had a successful initial public offering on Thursday. Eloquent's stock doubled on Thursday, gaining 16 to 32.
Shares of e-commerce solutions company Commerce One (Nasdaq: CMRC) gained nearly five percent in early trading today, rising 8-13/16 to 193-1/16 after the company announced that it is teaming up with Citigroup to launch an Internet marketplace. The companies will create a business-to-business (B2B) ...
Shares of Akamai Technologies (Nasdaq: AKAM), which provides content-delivery services for online businesses, soared about nine percent on Wednesday, gaining 19-1/2 to 242 after the company announced an alliance with America Online (Nasdaq: AOL). Akamai's servers will be deployed within the AOL netw...
Shares of online broker TD Waterhouse (Nasdaq: TWE) gained more than 12 percent on Wednesday, rising 1-15/16 to 17-1/2 after the company announced record profits that far surpassed analysts' expectations. TD Waterhouse reported a fiscal first quarter profit of $57 million, or 15 cents per share -- r...
To no one's surprise, another business-to-business (B2B) initial public offering got off to a strong start on Tuesday.
Shares of U.S. Interactive (Nasdaq: USIT), an Internet professional services firm that offers consulting, marketing and technology services for online businesses, gained 4-1/4 to 49-3/16 Tuesday after the stock was upgraded to strong buy from buy by Deutsche Banc Alex. Brown.
The initial public offering of business-to-business (B2B) e-commerce software company webMethods (Nasdaq: WEBM) got off to a scorching start on Friday, recording one of the top first-day performances in history by closing up a stunning 177-5/8 to 212-5/8. The 507.5 percentage gain was the best first...
The initial public offering of business-to-business (B2B) e-commerce software company webMethods (Nasdaq: WEBM) got off to a scorching start on Friday, recording one of the top first-day performances in history by closing up a stunning 177-5/8 to 212-5/8. The 507.5 percentage gain was the best first...
As expected, the initial public offering of online pet supplies retailer Pets.com (Nasdaq: IPET) got a lukewarm response on Friday. Pets.com stock closed its first day of trading unchanged at $11 a share. While Pets.com does have some advantages like having Amazon.com as an investor, the online pet ...
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