The average technology fund we track, excluding the funds that short the sector, climbed 3.85% this week as the media consolidation of Internet stocks continues.
The biggest news in this area is the CBS(CBS Quote) purchase of CNET Networks(CNET Quote) for about $1.8 billion. The ProFunds Internet UltraSector(INPIX Quote) was prepositioned to benefit from the 48.18% skyrocketing of CNET shares.
The B2B Internet HOLDRs Trust(BHH Quote), which does not replace companies in its portfolio once they are no longer traded, is down to just two holdings.
However, since the fund is 85.2% Ariba(ARBA Quote) and 14.8% Internet Capital Group(ICGE Quote), and those shares rose 14.40% and 4.47% in the five trading days ending Thursday, May 15, this fund tops our best-performing list. ...
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