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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: DanielleC who wrote (27848)	8/3/1999 1:15:00 PM
From: Ed Forrest	Respond to of 41369

AOL is a backer: BigStar shares drop 19 pct in IPO biz.yahoo.com

To: DanielleC who wrote (27848)	8/3/1999 1:18:00 PM
From: Ed Forrest	Respond to of 41369

Aug 03, 1999 Midday Movers But some stocks managed to hold on to their upward trend a little longer than the market as a whole. Excite@Home (NASDAQ:ATHM - news) jumped $2.89 to $45.81 and traded as high as $49 after Business Week's online edition speculated that Yahoo! Inc. (NASDAQ:YHOO - news) may buy it for more than $17 billion. However, the companies denied the rumor. Meanwhile the rest of the Internet sector is taking a big beating. Yahoo! (NASDAQ:YHOO - news) led the Internet sector's downward plunge, falling $6.31 to $126. America Online (NYSE:AOL - news) was down $3 to $89.88, eBay (NASDAQ:EBAY - news) was off $6.06 to $85.18 and Doubleclick (NASDAQ:DCLK - news) was off $4.12 to $74 per share. E*Trade (NASDAQ:EGRP - news) fell $3.69 to $25.31 in heavy trading on worries that the third quarter could see a first-ever sequential decline in trading volume for the online brokerages. Jim Marks, a Deutsche Banc Alex. Brown analyst, notes in a report that in the second quarter, the leading online brokerages did 633,000 daily average transactions, up 9% from the 580,000 in the prior quarter. However, 'this is down from the 21.4% and 47.9% sequential growth in the December and March quarters, respectively,' he notes. 'The growth in those periods was fueled by the nearly unbroken upward progression in Internet stocks from October through April.' With recent pullbacks in Internet stocks, the concern for further damage has the market running scared. Other online brokerages on the slide today include Charles Schwab (NYSE:SCH - news) , down $3.88 to $38.56, and Knight/Trimark (NASDAQ:NITE - news) , off $4.75 to $36.50.