Internet stocks were having their best day in recent weeks due to strong
first quarter earnings from Yahoo! and investor optimism spreading back into
the business-to-business e-commerce sector. Analyst activity was playing a
major role in the resurgence.
By noon Eastern, internet.com's Internet Stock Index was up 34.60, or 4.03
percent, to 892.14, the NASDAQ composite had jumped 128.73 to 4,297.95, and
the Dow Jones industrial average was up 109.21 to 11,143.13.
Yahoo earnings may impact takeover bid::
Aggarwal believes Microsoft will boost its Yahoo bid to $33.50 per share, or and Yahoo would hold about 31 percent of the search market -- still well
http://thehour.com/story/68030HOME |
Wall Street Beat: Mixed earnings, M&A news hit IT::
The Microsoft-Yahoo saga depressed the market at the start of the week. Big deals usually boost tech stocks on the market, since they call for vendor
http://news.idg.no/cw/art.cfm?id=CA71D56F-17A4-0F78-31C4ED211DE5E330HOME |
Shares of Yahoo! (YHOO)
were down 5-15/16 to 159-5/8, despite reporting better than expected earings
for its first quarter of the year. Yahoo's earnings before unusual items
amounted to $63.3 million, or $0.10 per diluted share, beating analyst
earnings-per-share (EPS) estimates by a penny. The company reported revenues
of $228.4 million, beating the consensus estimate of $205 million. It's
interesting to note that Yahoo! has now beaten consensus EPS estimates for 16
straight quarters. In addition to the earnings call, Yahoo also named Susan
Decker, the former global head of research at Donald, Lufkin & Jenrette, as
its new chief financial officer. Decker replaces Gary Valenzuela, who will
retire this summer.
Commodities, financials boost TSX; NY moves lower ahead of earns ::
news coverage. Get the latest headlines, news stories and current events from Yahoo! Canada News destroyed the housing market and crippled banking,
http://ca.news.yahoo.com/s/capress/080721/business/dollar_markets_8HOME |
WebTrends Corp. (WEBT)
was up 2-1/2 to 68-3/4. Merrill Lynch initiated coverage with a "near-term
accumulate" and "long-term buy" rating. In addition, internet.com analyst
Tom Taulli featured WebTrends in his Morning Report.
Internet Capital Group (ICGE)
had gained 4-63/64 to 78-11/16, VerticalNet (VERT)
, +7 to 62, Onvia.com (ONVI)
was up 3 to 16-1/16, and Commerce
One (CMRC)
had jumped 11-3/4 to 124-1/4.
Investors eye more earnings, including BofA, Apple, Yahoo - Netscape ::
(AP) - The stock market has reacted well to the recent stream of glum earnings. Energy Boost. • Party Planning. • Photo Sharing. • Work From Home
http://channels.netscape.com/pf/story.jsp?floc=FF-APO-1310%2F1422940480.htm&sc=1310HOME |
Salomon Smith Barney initiated coverage of Priceline.com (PCLN)
with a "buy" rating and $130 price target, eBay (EBAY)
with a "buy," $225 target, and Amazon.com (AMZN)
, "buy," $130 price target. Shares of PCLN were up 3-21/64 to 75-17/64, EBAY
+ 6-1/16 to 172, and AMZN +13/16 to 63.
Jupiter Communications (JPTR)
was rocketing 8-15/16 higher to 31-3/16. The online research firm announced
that it expects revenues of $16.5 million for its fist quarter, representing
a 175 percent increase from the same period a year ago. Jupiter attributes
the growth to increases in contract value and strong revenues from its
conferences.
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