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IPOs Flourish as Internet Sector Gains

Internet-related IPOs E.piphany, Kana Communications and Broadbase Software were all up sharply. The DOT index was up 2.1%.

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.

E.piphany

(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 Communications

(KANA:Nasdaq), which develops electronic mail management software, was up 37 13/16, or 252%, at 52 13/16. And

Broadbase Software

(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

Chemdex

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, up 4 9/16, or 16.5%, at 32 3/16. The company said today it had purchased privately held

Promedix.com

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.

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TheStreet Recommends

columnist

Adam Lashinsky

wrote about Chemdex in a

piece earlier today.

Still among the leading percentage decliners on the

Nasdaq

was

Bottomline Technologies

(EPAY)

, 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.

Excite@Home

(ATHM)

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

Tele-Columbus

and with

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

Dell

(DELL)

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.