To: RockyBalboa who wrote (8381 ) 10/29/2001 5:39:30 PM From: RockyBalboa Read Replies (1) | Respond to of 19428 Neuer Markt Stocks End Down; Nemax-50 -3.9% -Handelsblatt FRANKFURT (Handelsblatt)--Monday was a day for profit-taking on Germany's growth segment - unsurprisingly perhaps, given that the indexes gained over 10% last week. And given the scale of last week's advances, Monday's declines looked fairly modest. The Nemax all-share lost 2.% at 1,055 and the Nemax-50 of selected growth shares ceded 3.9% at 1,072. The chances of a stabilization at current levels are now seen to be looking good. One obvious candidate for profit-taking was Gauss Interprise. The multimedia agency last week announced that it is to be the subject of management buy-out. This news boosted its share price by 90%. It's not surprising, then, that it should on Monday have featured high on the selling lists of some investors with a more short-term orientation. The share price closed down 13.9% at EUR0.91. Monday's developments suggest that the surge in Pixelpark's share price has definitely come to an end. Before Friday, the Bertelsmann unit had seen its share price more than double since the start of the month, for no obvious reason. But it lost ground on Friday, and lost again on Monday, this time 12% at EUR8.80. Intershop shares rose 12% to EUR2.53 in anticipation of good quarterly results. The results conference is due on Friday. Broadvision, Intershop's Neuer Markt-listed U.S. competitor, last week announced better-than-expected results for the third quarter and raised the general outlook for the software sector. But Broadvision shares on Monday ceded 2% at EUR2.444. Meanwhile, matters are getting tense at Metabox, the Hildesheim-based producer of set-top boxes. The company has said that it will need to find EUR7 million before its annual general meeting on Tuesday if it is to secure its survival. As at Monday evening, the company had failed to raise the necessary funds, but still investors did not panic, and the share price closed unchanged at EUR0.59. Investors also failed to panic in the face of a sales warning from process financier Foris. The company revised down its full-year sales outlook by 10%, but its share price remained at EUR2.25. Software maker Tria also revised down its sales outlook by 10%, and also saw its share price close unchanged from Friday's level, this time at EUR1.55.