Net Stocks Slip in Last-Minute Shopping

RealNetworks, Network Solutions and are lower, but strength in Inktomi is helping limit losses.
Publish date:

Last-minute shoppers were not buying Internet stocks as stocking-stuffers. Internet Sector

index was down 6.04, or 0.5%, at 1142.06. Technical factors may have played a role in the retreat. The DOT reached a high of 1170.63 earlier today, narrowly missing its all-time high of 1171.35 from Dec. 14.

Gains in



were helping limit losses in the DOT. Inktomi was up 13 1/4, or 8%, at 189 3/4 after

Merrill Lynch

analyst Henry Blodget upgraded the stock. Perhaps because of gains in Inktomi, rival


(AKAM) - Get Report

was off 13, or 5%, at 278, though the stock was certainly due to see some profit-taking after its huge run-up.


(RNWK) - Get Report

was off 14 1/16, or 9%, at 139 1/4. Losses may be a reaction to a report on




could be dropping support for RealNetworks'


and moving to


(MSFT) - Get Report

Windows Media


Network Solutions


was off 18 3/4, or 7%, at 253 1/2 in what was likely a profit-taking bout. The stock has ramped up more than 100 points since trading at 162 1/2 on Dec. 3. Losses come a day after the company announced a possible restructuring, a split and plans for a secondary offering.

(AMZN) - Get Report

was off 7 1/2, or 8%, at 90 3/16. Sources told


that there were rumors from a prominent research house that Amazon's fourth-quarter margins "were going to be horrendous." Message boards also indicated that those rumors were swirling around.