DOT Ends Week on Mild Weakness

Today's triple-witching may have caused problems for the Internet sector, which finished the trading week with a so-so performance.
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Let's just write this off to triple-witching and start up again on Monday.

TheStreet.com Internet Sector

index closed down 10.54, or 0.9%, at 1113.09, roughly 50 points off its session high of 1163.77. Triple-witching, the quarterly expiration of stock-option, index-option and index-futures contracts, may have caused trouble for the market today.

Network Solutions

(NSOL)

had perhaps the most hair-raising session of the group. The domain name registrar ramped up yesterday and much of today on news that it will be added to the

Nasdaq 100

as of the start of trading on Monday. But profit-takers swooped in and nailed the stock in the last hour of trading. It closed down 8 1/16, or 3%, at 239 15/16 after trading as high as 274 3/4.

Foundry Networks

(FDRY)

finished up 17 1/4, or 7%, at 278 7/8. The stock has rallied this week after announcing a stock split last Friday. Shareholders of record as of the close of trading on Monday will receive two shares for every one they hold. Foundry will begin trading on a split-adjusted basis on Jan. 10. In case you missed it, check out the exchange on the value of stock splits by our own

James Cramer and

Herb Greenberg.

Akamai Technologies

(AKAM) - Get Report

closed up 10 3/4, or 4%, at 281 3/4. The stock has been on a roll since announcing a new product to speed delivery of online applications

yesterday. It was up 18% Thursday.

Omnicom

(OMC) - Get Report

, an advertising holding group that has multiple interests in Internet advertising and marketing firms, closed up 5 1/16, or 5%, at 107 7/16. The company was featured in a

piece on

TSC

earlier this week.

CNet

(CNET) - Get Report

ended up 9, or 13%, at 79. There was no news on the company, but the stock may have seen a short squeeze after a couple of up days.

But while there were some standouts, the Net sector had only a so-so day. A number of issues saw profit-taking after nice run-ups.

CMGI

(CMGI)

, which soared yesterday after reporting earnings on Wednesday and announcing a stock split, closed down 9 3/4, or 4%, at 211 13/16.

Reuters

reported that CMGI filed with the

Securities and Exchange Commission

to sell from time to time up to $1 billion in debt securities, common stock and preferred stock.

Also seeing some profit-taking were

Juniper Networks

(JNPR) - Get Report

, down 12 9/16, or 4%, at 304, and

AskJeeves

(ASKJ)

, down 7 3/8, or 6%, at 118 1/2.

The biggest loser of the day was

Electronic Arts

(ERTS)

.

U.S. Bancorp Piper Jaffray

cut third-quarter sales estimates for the entertainment software maker to $625 million from $670 million and trimmed profit expectations to $1.29 per share from $1.39.

Piper Jaffray analyst Anthony Gikas wrote the company had a "slight weakness in Nintendo 64 software sales," which led to the revenue drop. However, Gikas noted that he was increasing his gross margin on the company by 100 basis points "to reflect a higher percentage of sales from higher margin PC and PlayStation product."