Three Internet-related IPOs have debuted today, and all three were flourishing as the rest of the Internet sector climbed.
TheStreet.com Internet Sector
index was up 12.94, or 2.1%, at 630.46, near the session high of 633.65.
(EPNY:Nasdaq), a developer of software that aggregates data and creates analytic profiles of a firm's customer base, was recently up 29 1/8, or 182%, at 45 1/8.
(KANA:Nasdaq), which develops electronic mail management software, was up 37 13/16, or 252%, at 52 13/16. And
(BBSW:Nasdaq), which provides software used to enhance customer targeting and acquisition efforts, was recently up 12 13/16, or 90%, at 26 11/16. All three were benefiting from the market's infatuation with more business-to-business Internet companies.
Also on the rise was
, up 4 9/16, or 16.5%, at 32 3/16. The company said today it had purchased privately held
in an all-stock transaction valued at around $334 million. Chemdex, which sells laboratory chemicals and equipment on the Internet, will add medical products with its purchase.
wrote about Chemdex in a
piece earlier today.
Still among the leading percentage decliners on the
, down 8 9/16, or 34%, at 16 7/16. The maker of automated software said it expects a wider-than-anticipated first-quarter loss due to the impact of Y2K. The company said it expects to lose no more than 10 cents a share before a charge for the quarter ending Sept. 30. That compares with the
First Call/Thomson Financial
estimate of 8 cents.
was up only 5/32, or 0.4%, at 36 13/16, despite the company making a couple of announcements. First, it said that it had formed a joint venture with Germany cable operator
Deutsche Bank Investor
to create a new entity, @Home Deutschland,, which will develop and market a German version of @Home's high-speed cable Internet service in Germany. It is expected to deliver service to approximately 2.2 million homes.
Excite@Home also said it entered into an agreement with
in which consumers can order both a Dell computer and the @Home high-speed cable Internet service when they buy a Dell Dimension desktop or Inspiron notebook PC.