SAN FRANCISCO -- DoubleClick (DCLK) was leading tech stocks' profit-taking parade after its earnings report failed to beat Wall Street estimates.
The leading point decliner on the
, DoubleClick was down 23 5/8, or 14%, at 148. Ahead of the report, the stock had run up from a low of 102 on April 19 to a high of 176 on Monday.
, meanwhile, got a lift early after its stellar quarterly report Monday. But like much of the Internet sector, it later suffered some profit-taking. eBay was down 1 at 208 around midsession after trading as high as 234.
Also seeing some profit-taking ahead of its
earnings, to be released after the close, was
. It was down 5 1/4, or 3%, at 156 3/4.
-- another stock that has run up sharply in the past week as the Net sector rallied -- also fell. It was down 14, or 5%, at 267.
Lycos Zips Lip at H&Q Conference
If a Lycos falls in a forest...
Hope no one was actually waiting for
Chief Financial Officer Ted Philip to spill the beans on the pending
unpopular merger with
Before his early-morning presentation here at the
27th Annual Hambrecht & Quist Technology Conference
even got started, Philip said his company, pending comments from the
Securities and Exchange Commission
, was in a quiet period and he would be saying little.
You can say this about Philip: He delivers. His banal presentation nearly cleared the
Westin St. Francis
Grand Ballroom, where he offered such gems as "we're No 1." He also addressed Lycos' unique value proposition, which boasts of a "management team, strong brand, fiscal responsibility, patented technology and diversified and growing revenues."
But he did offer this suggestion that, at least, things aren't getting worse on the Net. Philip gave this insight into Lycos' upcoming first-quarter earnings: "We had a fantastic quarter on the top line ... and are comfortable with analyst estimates on the bottom line."
and Cory Johnson