The bond market is back from its Columbus Day vacation, and it's pulling down Net stocks along with the broader market this morning.
The 30-year Treasury was down 17/32 to 98 16/32, putting its yield at 6.236% and exercising a sobering influence on stocks. In the Net sector, some of yesterday's big gainers were falling back today.
, which yesterday advanced strongly after announcing a deal with
, was lately down 6 1/8, or 9%, to 62.
was down 7, or 4.1%, to 175 1/2 after ramping yesterday on news that
will use its applications for the overhaul of its Web site.
was off 5, or 14.2%, to 30 1/8. Puma picked up 13 1/2 points yesterday after setting plans to launch a free Web-based service synchronizing PC applications and mobile devices.
There is strength in the sector today, though.
, which makes software for e-commerce companies seeking to track the habits of their customers, was rocketing 11 1/8, or 21.4%, to 63 9/16 after announcing that
has signed on to use its E.4 software system.
On the research front, Web infrastructure software firm
was up 11 1/2, or 24.9%, to 58 after
Credit Suisse First Boston
analyst Wendell Laidley started coverage with a strong buy and set a 12-month price target of $75. In his report, Laidley wrote that Vitria "is capable of delivering revenue growth of 70%-plus for the next three-five years."
Online ad agency
Modem Media Poppe Tyson
was running up 11 13/16, or 30.1%, to 51 1/4 after it said last night that it expects third-quarter revenue to surpass $21 million, a 90% increase from the year-ago. The company cited client and international growth for the rise in revenues.
isn't getting much support from its announcement that
will use the Excite portal as an Internet launch page. Excite@Home was lately down 1 1/8, or 2.3%, to 47 1/16.
Among Internet bellwethers,
was off 4 13/16 to 176 15/16;
was down 2 3/16 to 147 9/16; Amazon.com was off 1 1/8 to 87; and
was down 2 5/16 to 118 3/4.
AOL unveiled a cross-marketing deal this morning, with
, that involves the installation of interactive AOL kiosks at Universal's "Islands of Adventure" theme park in Florida.