>> Only because April was the blowoff in the nets, most haven't recovered the their prior highs, and those highs were REALLY high.<<
Michelle the nets your referring to are the established ones, and they're done, that's why they've lost 1/2 of their value.
The place to be now is in b2b,or new Internet related IPO's.
Check this and next week it will be flowers. I have a small allotment of Flws and Ftd:-(
>>7. IPO Commentary
On Wednesday, Drugstore.com (Nasdaq:DSCM), an online drugstore, soared
almost 180% in its first day of trading. Investors snapped up shares
in this offering as Drugstore.com became the first opportunity to
invest in a pure online drugstore in the public equity markets. As a
testament to the importance of this sector, Amazon.com (Nasdaq:AMZN)
recently took a significant equity stake in the online pharmacy.
Looking ahead to next week, two Internet-based flower businesses make
their debut, 1-800-Flowers.com (Nasdaq:FLWS) and FTD.com
(Nasdaq:EFTD). The U.S. online market for flower sales is expected
to grow substantially over the next few years: Forrester Research
forecasts that it will increase from $212 million in 1998 to $906
million in 2003. Both companies utilize extensive networks of local
bricks-and-mortar flower shops to fulfill the online orders.
8. IPOs Trading Wednesday - Friday
American National Can Group (NYSE:CAN) - Priced at 17, opened at 17 on
Wednesday, reached a high of 17 1/8, closing at 17, unchanged. The
Company believes to be the second largest producer of two-piece
beverage cans and ends in the world, based on 1998 net sales.
Drugstore.com (Nasdaq:DSCM) - Priced at 18, opened at 65 on Wednesday,
reached a high of 70, closing at 50 1/4, up 32 1/4 (179.17%). A
leading online drugstore: a retail store and information site for
health, beauty, wellness, personal care and pharmacy products.
Focal Communications (Nasdaq:FCOM) - Priced at 13, opened at 16 1/4 on
Wednesday, reached a high of 20 3/8, closing at 19 1/2, up 6 1/2
(50%). A rapidly growing competitive local exchange carrier,
providing data, voice and colocation services to large,
communications-intensive users in major cities.
Liberate Technologies (Nasdaq:LBRT) - Priced at 16, opened at 20 on
Wednesday, reached a high of 22 9/16, closing at 20 3/8, up 4 3/8
(27.34%). Provider of standards-based software that serves as a
platform for the delivery of Internet-enhanced content and
applications to a broad range of information appliances, such as
television set-top boxes, game consoles, smart phones and personal
digital assistants.
Packeteer (Nasdaq:PKTR) - Priced at 15, opened at 25 1/4 on Wednesday,
reached a high of 32 3/4, closing at 29 3/4, up 14 3/4 (98.33%).
Provider of application-adaptive bandwidth management solutions that
enhance mission-critical application performance over enterprise wide
area networks, or WANs, and the Internet.
Quokka Sports (Nasdaq:QKKA) - Priced at 12, opened at 14 3/4 on
Wednesday, reached a high of 15 7/8, closing at 11 3/8, down 5/8
(5.21%). Provider of sports programming and coverage over the
Internet.
Lennox International (NYSE:LII) - Priced at 18 3/4, opened at 19 1/8
on Thursday, reached a high of 19 7/8, closing at 18 3/4, unchanged.
Designer, manufacturer and marketer of heating, ventilation, air
conditioning and refrigeration products and services.
NCRIC Group (Nasdaq:NCRI) - Priced at 7, opened at 7 3/8 on Thursday,
reached a high of 7.875, closing at 7 9/16, up 9/16 (8.04%). A
medical professional liability insurance company servicing healthcare
providers in the Mid-Atlantic region.
Net2Phone (Nasdaq:NTOP) - Priced at 15, opened at 20 3/4 on Thursday,
reached a high of 29.5, closing at 26 9/16, up 11 9/16 (77.08%).
Provider of voice-enhanced Internet communication services to
individuals and businesses worldwide.
Netia Holding (Nasdaq:NTIA) - Priced at 22, opened at 21 1/2 on
Thursday, reached a high of 22 5/8, closing at 21 15/16, down 1/16
(.28%). The largest alternative fixed-line telecommunications
operator in Poland.
Perficient (Nasdaq:PRFT) - Priced at 8, opened at 11 1/2 on Thursday,
reached a high of 12, closing at 9 3/8, up 1 3/8 (17.19%). Provides
virtual professional services organizations to Internet software
companies.
Accrue Software (Nasdaq:ACRU) - Priced at 10, opened at 12 3/4 on
Friday, reached a high of 14 1/2, closing at 12 3/16, up 2 3/16
(21.88%). Provider of Internet data collection and analysis software
which enables business decision makers to address critical marketing
and merchandising questions concerning the effectiveness of their Web
sites.
Aironet Wireless Communications (Nasdaq:AIRO) - Priced at 11, opened
at 12 1/2 on Friday, reached a high of 14 5/8, closing at 10 1/2, down
1/2 (4.55%). Provider of high speed, standards-based wireless local
area networking solutions designed to provide wireless network
connectivity and Internet access to personal computer users within a
building or campus environment.
Biopure (Nasdaq:BPUR) - Priced at 12, opened at 10 1/8 on Friday,
reached a high of 11 1/4, closing at 10 1/4, down 1 3/4 (14.58%).
Developer, manufacturer and marketer of oxygen therapeutics.
Digex (Nasdaq:DIGX) - Priced at 17, opened at 22 3/4 on Friday,
reached a high of 23 1/2, closing at 22 5/16, up 5 5/16 (31.25%).
Provider of Internet hosting services to businesses and institutions
implementing complex, interactive Web sites and Web-based
applications.
MIIX Group (NYSE:MHU) - Priced at 13 1/2, opened at 17 3/8 on Friday,
reached a high of 18 1/4, closing at 18, up 4 1/2 (33.33%). Provider
of medical professional liability insurance in New Jersey and is
ranked 10th among medical professional liability insurers in the
United States.
N2H2 (Nasdaq:NTWO) - Priced at 13, opened at 12 5/8 on Friday, reached
a high of 13 31/32, closing at 12 13/16, down 3/16 (1.44%). Provider
of Internet content filtering services to schools.
NetIQ (Nasdaq:NTIQ) - Priced at 13, opened at 15 1/2 on Friday,
reached a high of 18, closing at 16 3/4, up 3 3/4 (28.85%). Provider
of performance and availability management software for Microsoft
Windows NT-based systems and applications.
Pacific Softworks (Nasdaq:PASW) - Priced at 5 1/4, opened at 7 1/2 on
Friday, reached a high of 7 5/8, closing at 6 1/2, up 1/4 (23.81%).
Develops and licenses Internet and Web related software and software
development tools.
WatchGuard Technologies - (Nasdaq:WGRD) - Priced at 13, opened at 13
1/2 on Friday, reached a high of 15, closing at 12 1/8, down 7/8
(6.73%). Provider of Internet security solutions designed to protect
small- to medium-sized enterprises that use the Internet for
electronic commerce and communications.<<
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