Like much of the tech sector, Internet stocks were expected to open lower this morning, but were slightly higher early in the trading session.
TheStreet.com Internet Sector
index was up 2.07, or 0.2%, to 1110.31 in recent trading, after trading as low as 1094.63.
was one of the leading point-gainers on the
, up 22 3/4, or 9.8%, to 260 1/2.
was reporting that the U.S.
had let a ruling stand that the fees Network Solutions charges for registration and renewal of Internet addresses were not unconstitutional and unauthorized taxes.
In case you haven't been watching
this morning, "The floodgates are open," as far as companies reporting earnings. Among the Net stocks scheduled to report today are
DoubleClick, which is expected to report a fourth-quarter 5-cent loss, according to
First Call/Thomson Financial
, was up 2 3/16, or 1.8%, to 122 15/16. Juniper, which is expected to report a gain of 1 cent a share for its fourth quarter, was up 3 5/8, or 3.2%, to 117.
continued to see profit-taking following last week's earnings report. Yahoo! was down 9 1/4, or 2.6%, to 343 3/4 in recent trading.
Among other stocks in the news,
was down 13 1/4, or 10%, to 119 after it said it had filed to sell 4 million shares in a secondary offering. According to the filing from the
Securities and Exchange Commission
, the company will sell 2.75 million shares, while some shareholders will sell 1.25 million shares.
, which said Friday that it had filed with the SEC to sell 4.6 million shares of stock, was down 1/4, or 0.4%, to 71 3/8. NBC Internet will sell 3.65 million shares, while the remainder will be sold by shareholders.
was up 3 5/8, or 2.2%, to 169 5/8 after announcing a couple of separate deals. Commerce One will team up with
to integrate Remedy software with Commerce One MarketSite, the portal for exchanging goods and services among businesses. Remedy was up 2 11/16, or 6.3%, to 45 1/2.
Also, Commerce One and
said they would partner to deliver Commerce One products to enterprise clients across Europe. Renaissance was up 1 3/16, or 15.7%, to 8 3/4.
was up 5/8, or 1.1%, to 57 1/16. The company, which develops marketing software for Internet retailers, said Monday it had acquired privately held
(Knowledge Discovery One), which provides advanced data analysis solutions for multichannel and dot-com retailers. Net Perceptions will issue approximately 2.24 million shares of its common stock. Separately,
reported Friday that Paul Allen's
filed to sell its 11% interest in Net Perceptions Jan. 3.
In analysts' action,
upped its price target on
to 200 from 93 and said that a price of 500 on the stock was possible within two years. CMGI was down 4 11/16, or 3.8%, to 117 1/4. Prudential has not done underwriting for CMGI.
Credit Suisse First Boston
initiated coverage of
with a buy rating and a 12-month target price of 110. CheckFree was down 17/32, or 0.6%, to 83 5/8.
announced today that Internet analyst Rakesh Sood has left the company to become a partner in a venture capital firm.