Internet stocks have not been full-blown participants as the Nasdaq has rallied toward 5000, taking a back seat to many of the semiconductor stocks and the screaming biotech issues. But Net stocks were a big reason why the
ended with only a marginal loss today and still well within reach of the 5000 level.
TheStreet.com Internet Sector
index closed up 31.64, or 2.6%, at 1252.74 after trading as high as 1274.69.
TheStreet.com New Tech 30 soared 101.76 points, or 13%, to 883.87. A 196.70-point loss in the
created some concern and served to take many Internet stocks off session highs.
Following last week's inspiring
Robertson Stephens Tech 2000
conference, there were two more technology/Internet conferences that got underway today.
also was throwing an
conference today and tomorrow.
Many traditional Net stocks were on the plus side. Check out
take on the business-to-consumer plays in a recent
closed up 13 9/16, or 9%, at 171 9/16. In addition to presenting at the Chase H&Q conference,
The Wall Street Journal's
speculated about potential partnerships and purchases Yahoo! could make.
finished up 14, or 19%, at 89.
put out a note on the company, strongly recommending that investors purchase shares of the stock in advance of its analyst day tomorrow. Robertson Stephens has done underwriting for priceline.
Robertson Stephens also was behind a huge rise in
Internet Capital Group
, which finished up 23 3/16, or 19.5%, at 142 1/4, though it traded as high as 156 1/16. The research firm upgraded the stock to strong buy from buy, writing that the company had a number of upcoming catalysts, including an investor forum this week. Robertson Stephens has done underwriting for Internet Capital. Fellow Net incubator
closed up 12 15/16, or 9.7%, at 147, while
added 16, or 9%, to 192 1/2.
Then, there are any number of stocks that have just been on fire of late and were benefiting from being in a hot area like
closed up 20 7/8, or 9.4%, at 243 1/2;
ended up 11 11/16, or 9.3%, at 137 1/4, though it traded as high as 145 3/8; and
, which also was presenting at the Chase H&Q conference, added 13 1/2, or 8.4%, to 174 1/2 after Friday's 14 1/2-point gain.