The Net sector was showing some muscle in early trading today with
TheStreet.com Internet Sector
index rising 26.5, or 2.06%, to 1314.52 and the
Nasdaq Composite Index
up 73.77, or 1.5%, to 4971.03.
were flying higher by more than 9% after CEO Steve Case told the
news agency that it continues to talk with
about forming a partnership.
Credit Suisse First Boston
repeated a strong buy rating on the stock, expressing confidence in its underlying fundamentals. The stock was the most active on the
New York Stock Exchange
with 22 million shares changing hands.
were also getting a pop off general Net optimism. Yahoo was up 5 3/16, or 3%, to 182 3/16, while Amazon was adding 3 15/16, or 6%, to 67 9/16.
was feeling less-than-excited though, lately off 1 to 29 7/8.
was ramping up 41 9/16, or 10%, to 465, after some of Tuesday's merger momentum cooled off yesterday. The company is being acquired by
in a deal currently valued at $17.25 billion. Network Solutions was the Comp's top highflier at midday.
Internet access equipment supplier
was deep in the green, up 18 5/16, or 6%, to 346 on last night's news that it will split its stock 2-for-1.