Forbes magazine names Check Point best Internet stock in 1998-2001 - TheStreet

In a study of Internet shares conducted by Forbes magazine, the title of "Best performance" went to Check Point Software Technologies (Nasdaq:CHKP). The study looked at 46 companies from mid 1998 until December 2001, and assessed them according to share and management performance, as well as how it fared monetarily.

According to the magazine, Check Point's market value in the said period rose 655%, from $1 billion in mid 1998 to $7.5 billion at the end of 2001. Check Point sales also leaped from $142 million in 1998 to $426 million in the year 2000. Company profits more than tripled in the period, from $70 million to $221 million.

Other excellent performers on the list were media giant AOL-Time Warner (NYSE:AOL), whose share climbed 146%, the Broadcom Corporation (Nasdaq:BRCM) that gained 114%, Cisco Systems (Nasdaq:CSCO), whose share lifted 211%, Netscape, up 115%, and the ultimate climber, Verizon Communications (NYSE:VZ), that rose 326%.

On the other side of the scale were Amazon (Nasdaq:AMZN), down 40%, Yahoo! (Nasdaq:YHOO), that lost 14%, and the Israeli VocalTec Communications (Nasdaq:VOCL), which shed a hefty 76%.