Lycos Stabilizes and Online Brokers Bounce Back

CNet took another 7% loss but set a stock split and beat earnings estimates.
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SAN FRANCISCO -- Is the worst over?

Lycos

(LCOS)

, Tuesday's catalyst for sharp tech-stock losses, deteriorated further today but found some support and closed off its lows. Lycos ended the day down 7, or 7.4%, at 87 1/4, more than 10 points above its low of 77 made early in the session.

Ticket Master Online-CitySearch

(TMCS)

, a part of Lycos' deal with

USA Networks

(USAI) - Get Report

, also continued to suffer, falling 5 1/8 points, or 12%, to 37 1/8. USA Networks, the only stock among the three to climb yesterday, Wednesday dropped 2 3/8, or 5.7%, to 39 1/4.

CNet

(CNET) - Get Report

, which has tumbled in sympathy with the Lycos debacle, closed down another 7 3/16, or 7.3%, to 91 5/16. But the stock was above 100 in after-hours trading after reporting earnings of 18 cents a share vs. the 10-cents estimate from

First Call

. The company also set a 2-for-1 stock split.

Back and Forth with Online Brokerages

Online brokerages were mostly higher after posting big losses over the past week.

E*Trade

(EGRP)

added 2 9/16, or 6.4%, to 42 3/4 despite news that two lawsuits were filed against the company in response to last week's outages.

Ameritrade

(AMTD) - Get Report

had a huge day, soaring 18 1/4, or 28%, to 83 5/16. There also were reports that Ameritrade was interested in buying other online brokerages, but little other news emerged to account for the sharp gains. The stock had dropped more than 50% since reaching a high of 135 on Feb. 4. It hit a low of 61 7/8 today before coming back.

Also,

Rushmore Financial

(RFGI)

soared more than 400% after the company announced it would establish an online Web site targeting day traders. The stock ended the day up 9 1/2 at 11 3/4.