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Haircut 100? Internet Stocks Pause For Profit Taking

Published by: cfz 2009-01-07

The recent run in Internet stocks appears to have either paused for second wind or to wheeze a few minutes after a phenomenal jump beginning in early March.

Between the Lines | ZDNet.com::
Which means it will take hundreds of millions of dollars of new investment in Internet infrastructure, he says, to keep ahead of the need.
http://blogs.zdnet.com/BTL/?cat=6
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ISDEX, Internet Stock Index, is down slightly while even the broad market shows signs of flatness.

Our latest number crunching:

Internet Stock Index Since March 10

ISDEX ®   17-Mar-98 % change Point change % change
Internet Stock Index   close from from from
      10-Mar-98 10-Mar-98 31-Dec-97
       
Why bother buying? - Times Online::
Nov 18, 2007 Perhaps if the UK changed its bankruptcy laws to the US's take- we still Similarly, stocks & shares have always been better value than
http://property.timesonline.co.uk/tol/life_and_style/property/article2875417.ece
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Truthdig - Reports - Looking Beyond the Haircut::
Dec 16, 2007 With that in mind, maybe it’s not such a bad idea to get behind a hopeful, thoughtful leader who will be in a good position to take stock of
http://www.truthdig.com/report/item/20071216_looking_beyond_the_haircut/
HOME
   
ISDEX Geometric Average   145.43 -1.2% -1.73 45.6%
ISDEX Price Wtd. Composite   1,444.88 -4.4% -66.98 30.5%
NASDAQ   1,779.30 1.8% 30.79 13.3%
DJIA   8,749.99 1.2% 106.87 10.6%
           
Verisign VRSN $44.34 34% $11.28 217%
Broadband Technologies BBTK $7.94 27% $1.69 92%
CyberCash CYCH $17.88 23% $3.31 41%
Secure Computing SCUR $13.94 21% $2.44 18%
CheckPoint Software CHKPF $41.75 19% $6.75 2%
Network Solutions NSOL $27.50 19% $4.31 110%
Concentric CNCX $18.75 15% $2.50 111%
CheckFree CKFR $23.94 12% $2.63 -11%
Cyberguard CYBG $8.63 11% $0.88 53%
CKS Group CKSG
Business (kottke.org)::
Saying that the point of business is to produce profit is like saying that hit 100 by the end of the year and people start buying Microsoft stock,
http://kottke.org/order/business
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$23.00 10% $2.13 63%
PairGain PAIR $20.25 10% $1.81 5%
Security Dynamics SDTI $38.44 9% $3.31 8%
Doubleclick DCLK $35.00 9% $2.94 106%
PSINet PSIX $9.88 9% $0.81 93%
Versant Object Technologies VSNT $7.63 7% $0.50 -45%
Network Associates NETA $70.19 6% $4.25 33%
Open Market OMKT $18.91 5% $0.88 96%
America Online AOL $64.00 4% $2.50 41%
Axent AXNT $22.78 4% $0.81 32%
RealNetworks RNWK $18.75 3% $0.63 35%
Cylink CYLK $13.56 3% $0.44 39%
Broadvision BVSN $16.88 2% $0.38 160%
Spyglass SPYG $8.50 2% $0.19 72%
Open Text OTEXF $20.13 2% $0.38 50%
USWeb USWB $21.50 1% $0.28 129%
Mecklermedia MECK $24.88
Investors Welcome a Brave New Global Fund - Seeking Alpha::
Oct 16, 2007 Banks would be charged a yet-undertermined fee for selling their loan vehicles to the M-LEC, and they’ll also have to take a “haircut” in
http://seekingalpha.com/article/50097-investors-welcome-a-brave-new-global-fund
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Joho the Blog » 2003 » December::
____[suitably long pause]_____ have agreed to let me answer their phone because they’re busy on the Internet making new friends and building a grassroots
http://www.hyperorg.com/blogger/2003/12/
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1%
$0.13 0%
Netscape NSCP $19.25 0% -$0.06 -21%
IDT Corp IDTC $33.94 -2% -$0.66 68%
WavePhore WAVO $9.72 -2% -$0.22 4%
Intuit INTU $45.13 -3% -$1.25 9%
Metricom MCOM $9.69 -3% -$0.31 1%
N2K NTKI $24.44 -3% -$0.88 67%
CDnow CDNW $23.69 -4% -$0.88 48%
Earthlink Network ELNK $52.50 -4% -$2.00 104%
Yahoo! YHOO $83.84 -4% -$3.66 21%
NewsEdge NEWZ $12.88 -4% -$0.50 -4%
CMG Info CMGI $55.19 -9% -$5.56 82%
Onsale ONSL $31.63 -10% -$3.38 76%
Mindspring MSPG $57.56 -10% -$6.31 71%
Lycos LCOS $40.63 -10% -$4.69 -2%
Security First Net Bank SFNB $9.50 -11% -$1.13 31%
Infoseek SEEK $18.44 -11% -$2.31 72%
Sportsline USA SPLN $26.53 -11% -$3.41 147%
Excite XCIT $49.38 -12% -$6.50 65%
E*TRADE EGRP $22.25 -13% -$3.38 -3%
VocalTec VOCLF $20.50 -14% -$3.25 0%
Egghead.com EGGS $11.00 -15% -$1.88 69%
CNET CNWK $33.00 -16% -$6.06 12%
Amazon.Com AMZN $79.88 -35% -$43.13 -12%
@Home Network ATHM $35.44 -57% -$47.67 -41%
TOTAL   1,444.88 -6% -90.92 31%
SIMPLE AVERAGE   28.90 -6% -1.82 30.5%
           
new ISDEX stocks in red          

  • 03.17.98: Mecklermedia (NASDAQ:MECK) reports its fifth annual Spring Internet World '98 trade show held last week at the Los Angeles Convention Center drew about 50,000 Internet-focused professionals as 600 companies paid for and filled 300,000 square feet of exhibit and meeting space to showcase the latest Internet business solutions.

  • 03.16.98: Yahoo! (NASDAQ:YHOO) and MCI formally launch Yahoo! Online to compete with AOL. Basically this looks like InternetMCI only with a pretty face on it. Recall the MCI-News Corp disaster a few years ago. We'll see if MCI can speak the language here and if Yahoo! has enough bodies and time to do this.

    If it wants to be AOL, remember that AOL posted losses for a decade before finally turning about 6 million dues paying subscribers into positive earnings--and the company kept the access revenue for itself--which is still majority of AOL's revenue. Yahoo! Online sees MCI getting the access dollars, and Yahoo! getting ad sales on pages. Our take: not an AOL killer the way this is set up, at least not for Yahoo!

  • 03.13.98: CMG Information (NASDAQ:CMGI) reports net revenues up 13% to $17.8 million for its second quarter ended January 31. That doesn't include the impact of deconsolidating its position in Lycos (NASDAQ:LCOS). CMG bottom line sunk to a net loss of $5.8 million, or ($0.58) basic earnings per share vs. $0.28 EPS for the previous quarter ended October 31, 1997.

    In related news, CMG acquires Accipiter which does Internet advertising management solutions, for $35 million in CMG shares. We estimate the deal at 7x - 10x sales, although details were not disclosed.

  • 03.11.98: PSINet (NASDAQ:PSIX) agrees to lease undersea fiber-optic cable from Global Crossing Ltd., which connects the U.S. and Europe. Term: 25 years. Terms: undisclosed. PSI is slowly building a high-speed backbone. Perhaps Wall Street may slowly regain some enthusiasm for PSIX along the way.


    CyberCash to Acquire ICVERIFY
    Internet Market Close Report for 1998.03.18

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