| After posting solid gains over the past few sessions, Internet stocks ended mixed Tuesday as investors took some money off the table and shifted it to blue chips.
Business News for IT Managers::
Stocks Take Breather. By Cyrus Afzali. November 19, 1999. Internet stocks were pausing Friday after taking in several recent run-ups that
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Internet.com's Internet Stock Index closed off 18.40, or 2.81 percent, to 636.99, the Nasdaq Composite shed 49.84 to 2,602.13 and the Dow Jones industrial average jumped 113.12 to 10,831.71 to set a new record.
Disappointing earnings caused shares of DoubleClick Inc. (DCLK) to tumble 23-1/8 to 148-1/2. The company reported a operating loss of 13 cents a share. Although that was in line with expectations, many investors had hoped for a better performance.
Internet auctioneer eBay Inc. (EBAY) gained 1/4 to 209-1/4 after reporting earnings increased to 5 cents a share, up from a penny a share last year. Those numbers were ahead of analysts' expectations for a 2-cent profit.
Influential Internet analyst Mary Meeker of Morgan Stanley Dean Witter said eBay could end up beating her earnings forecasts for 1999. She said although eBay's current valuation is high, the company has proven it has a solid business model and will likely benefit from positive momentum.
Bulls take breather after two-week rally | Latest News::
New Delhi, Oct 8 (IANS) After rising by over 2,000 points in just two weeks and almost scaling the 18,000-point mark, the Bombay Stock Exchange (BSE) took
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One of the most active Internet stocks Tuesday was auctioneer Bid.com International Inc. (BIDS). The Canadian company is partnering with American Interactive Media to broadcast its first auction live over the Internet later Tuesday.
Shares of Priceline.com Inc. (PCLN) gained 8-15/16 to 129-11/16 after trading as high as 140. On Monday, the company said more than 1 million customers had bid on airline tickets and hotel rooms on its Web site over the past year.
Stocks take breather after leap - The Denver Post::
Theres room for a rally if third-quarter earnings come in stronger than Internet Marketing Firm. Credit Card Consolidation. Washington DC New Toyota
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InternetNews Realtime IT News - Technical Analysis: Stocks Take a Breather::
internet.com/Storage. bITa Planet. CIO Update. Database Journal. Datamation. Enterprise IT Planet Technical Analysis: Stocks Take a Breather. And now for
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America Online Inc. (AOL) lost 7 to 155. After the closing bell, the company reported earnings of 11 cents a share compared to the 9 cents forecast. Revenues approached $1.3 billion compared to $757 million a year ago. Advertising and e-commerce revenues came in at $275 million, well above the $190 million analysts were expecting.
CNN Transcript - Moneyweek: Tech Stocks Take Another Trashing - October ::
that the overvaluation in the Internet stocks and the bubble that was created You know, it really is a boom thats taking a little bit of a breather here.
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InternetNews Realtime IT News - Famous Names Minimize Internet Declines ::
Positive news from a number of Internet leaders sent shares of those companies higher on a day that saw the markets overall take a breather from Mondays hectic pace.
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Internet bellwether Amazon.com Inc. (AMZN), which was off 1-5/16 to 205-7/8. The company is expected to lose 29 cents a share compared to a 7-cent loss a year ago when it reports its earnings on Wednesday.
Shares of PSINet Inc. (PSIX) lost 4-9/16 to 58-7/16. The company Tuesday reported a first-quarter loss of $1.11 a share which beat analysts' forecasts of a $1.20 loss.
Recent IPO Cheap Tickets Inc. (CTIX) jumped 3 to 44-3/4. The company's first quarter operating profit was 5 cents a share, up from a penny last year.
Investors reacted favorably to Tuesday's Internet IPO. Razorfish Inc. (RAZF) soared 17-1/2 to 33-1/2. The company, which designs Web sites for electronic commerce companies, debuted at $16 a share. The IPO raised $48 million for the company, which sold a 12 percent stake to the public.
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