To: HO-MEE who wrote (21932 ) 10/25/2000 12:00:35 PM From: KLP Respond to of 28311 Four horsemen highlight Net action Amazon up 14% after report; InfoSpace, VeriSign on deck By Bambi Francisco, CBS.MarketWatch.com Last Update: 10:46 AM ET Oct 25, 2000 NewsWatch Latest headlinescbs.marketwatch.com NEW YORK (CBS.MW) -- The high-tech world may be under pressure, but an investor wouldn't know it by watching shares of the Internet's four horsemen -- America Online, Yahoo, EBay and Amazon.com. Shares of all four companies are bucking the trend in Wednesday's market action, with Amazon.com (AMZN: news, msgs) sprinting ahead, up 14 percent to $34, after the online retailer bested analysts' revenue and bottom-line projections. See full story. AOL (AOL: news, msgs) rose $1.20 to $49.23. Barry Schuler, president of AOL interactive services group, is the afternoon keynote at Internet World. Schuler is expected to give a preview of 6.0, AOL's latest software version that it's launching Wednesday. The new software includes a new music player as a platform for its music service. Yahoo (YHOO: news, msgs) gained $1.38 to $60.03. EBay (EBAY: news, msgs) added $2.06 to $56. As for the overall Net sector, the Goldman Sachs Internet Index edged up 0.8 percent; Merrill Lynch Internet Holdrs rose 3 percent. The Amex Internet Index fell 0.7 percent. Base hits, strikes CNet (CNET: news, msgs) more than doubled its online advertising revenue from the previous quarter and the company topped earnings estimates by 4 cents a share. Shares of CNet jumped $4.25, or 16 percent, to $29.81. See full story. ExciteAtHome (ATHM: news, msgs) added 38 cents, or 4 percent, to $10.50. After the close Tuesday, the high-speed Net access and portal company reported a loss of 10 cents a share, wider than last year's penny loss, but in line with analysts' expectations. Quarterly revenue grew 51 percent to $169.9 million. I-consultant Razorfish (RAZF: news, msgs) shares crumbled 11 percent to $4.75 after the company reported third-quarter pro forma net income of $900,000, or 1 cent a share, down from 5 cents in the same period a year ago, and a penny shy of estimates. The disappointing results are further evidence that the business of consulting and implementing Internet strategies is slowing down tremendously. On Tuesday, yet another I-builder MarchFirst (MRCH: news, msgs), saw shares plunge 59 percent after the company reported third-quarter results that were shockingly below expectations. Shares of MarchFirst continued their march lower, falling 14 percent to $4.51. After the close InfoSpace (INSP: news, msgs) lost $1.31, or 6 percent, to $20, after gaining ground in the past three trading sessions. The wireless Internet infrastructure company is expected to report third-quarter results after the close on Wednesday. Analysts surveyed by First Call expect the company to break even for the third quarter vs. a 2-cent-a-share profit in both the same period a year ago and in the previous quarter. CS First Boston analyst Todd Raker expects InfoSpace to post a loss of a penny a share on revenue of $53.5 million. These results include Go2Net, which was acquired by InfoSpace. VeriSign (VRSN: news, msgs) gave up $2.63 to $165.69, after declining $8.31 on Tuesday. The Internet security company is set to report third-quarter results after the close Wednesday. CS First Boston's Raker expects VeriSign to exceed his estimates of $160 million in revenue and the consensus estimate of a positive 6 cents a share. Bambi Francisco is Internet editor of CBS.MarketWatch.com.