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Internet stocks rode a wave of momentum that provided solid gains for the sector and the tech-laden

Nasdaq Composite Index

, which ended the day up 137 points, or 3.4%, at 4210.

Strength in a broad sampling of Net stocks pushed Internet Sector

to a strong finish as well, as the DOT closed the day up 62.4, or 5.6%, to 1171.9 -- not too shabby when compared with the index's record high of 1218.5. Bellwether



made a noticeable splash in the DOT with a leap of 32 3/16, or 10%, to 360 1/4.

Check Point Software Technologies


also turned in a strong performance, ringing up a gain of 14 3/4, or 11%, to a record 146 1/2.


could rightly claim a good deal of credit for the upswing. The online bookseller threw investors a bone in the form of a promise it will curb some of the red ink in future quarters as its mammoth expansion begins to pay off. This focus-on-the-positive strategy was eagerly embraced by investors and analysts, who don't seem to require a time frame for the "someday coming" profit. Shares of Amazon climbed steadily throughout the day and ended up 14 3/4, or 21%, at 84 3/16.

Merrill Lynch

analyst Henry Blodget put a price target of 100 on the stock, while

Banc of America Securities

topped that with a target of 130. E-Finance Index

showed a little green shine as well, moving up 2 11/32, or 3.4%, to 70 27/32. Among the gainers were



, which popped 1, or 10%, to 22, and

CheckFree Holdings


, which gained 5/8 to 16 5/8.

News that

VA Linux


is acquiring



sparked equal measures of applause and disappointment, with Andover popping 9 1/8, or 25%, to 45 1/8 and VA Linux dropping 8 7/8, or 7%, to 128.