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Technology Stocks : EDGAR Online, Inc. (EDGR) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (5)	5/26/1999 6:16:00 PM
From: Rob C.	Read Replies (1) \| Respond to of 53

News today...not good either...I got the IPO, big deal. NEW YORK, May 26 (Reuters) - Web companies Juno Online <JWEB.O>, ZipLink Inc <ZIPL.O> and EDGAR Online Inc <EDGR.O> fell below their initial public offering price on Wednesday, the latest sign that at least some Web stocks are not instant IPO stars, analysts said. Shares of EDGAR Online, a Web provider of corporate regulatory filings, opened down 1/2 from their IPO price and were trading up 7/16 at 9-7/16 by early afternoon. Free e-mail provider Juno Online opened up at its $13 offering price but was off 1-1/4 at 11-3/4. ZipLink, a wholesale Web service provider, followed a similar fate. Shares were off 2-5/16 at 11-11/16 after the company's public debut. "The Internet IPO market is losing a bit of its luster," said Steve Tekirian at Standard & Poor's earlier. In recent weeks, only the forerunners in a particular Internet niche have seen stunning IPO successes, rather than the second and third tier of offerings, analysts said. Barnesandnoble.com <BNBN.O> met only modest success in its public debut Tuesday, and its shares were trading at 25-13/16 up 2-14/16 by early afternoon. EDGAR Online had offered 3.6 million shares at $9.50 a piece in its IPO earlier, Juno Online, a direct competitor of Hotmail.com, priced 6.5 million shares at $13 each and ZipLink brought 3.5 million shares at $14 each to the market. ZipLink competes with companies such as PSINet Inc, providing wholesale Internet access services to Internet service providers and Internet appliance and tool vendors. The company generates a significant portion of its revenues from providing Internet connectivity to Microsoft Corp's WebTV Network subscribers. "ZipLink is totally dependent on WebTV but WebTV also uses other providers," Jennifer McBrien at Renaissance Capital Corp in Greenwich, Conn. said. "They are totally dependent on WebTV but WebTV is not totally dependent on them," McBrien clarified. "There are justnot many companies yet like WebTV that offer Internet access and e-mail and such services via TV. Once there will be more demand, ZipLink could be successful in the long-run." The Internet sector's downturn was fueled even further on Wednesday by unconfirmed reports that influential Morgan Stanley Dean Witter analyst Mary Meeker said she expected more weakness among online stocks. Meeker was not immediately reachable. The American Stock Exchange Internet Index was virtually flat, up a mere 0.12 at 279.59 midday Wednesday. 859 1896)) REUTERS Rtr 17:59 05-26-99 Copyright 1999, Reuters News Service Copyright © 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing.