Net Stocks Bounce Back Ahead of AOL Earnings

Amazon will also report this afternoon as the focus remains on earnings.
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SAN FRANCISCO -- Net stocks were mostly firmer Wednesday as Tuesday's storm blew over and a pair of highly touted IPOs prepared to make their debuts.

TheStreet.com Internet Sector

index was up 17.32, or 2.9%, at 611.05 after dropping 23 points Tuesday. Internet bellwethers

America Online

(AOL)

and

Amazon.com

(AMZN) - Get Report

, which will report earnings after the close, were solid in the early going, taking back some of Tuesday's losses.

America Online was up 2 7/16, or 2%, at 115 5/8 after falling more than 5 Tuesday. AOL is expected to earn 11 cents a share for its fiscal fourth quarter, according to analysts surveyed by

First Call

. Amazon.com was up 3 3/4, or 3%, at 123 7/8 after dropping more than 11 points Tuesday. Amazon, featured in an earlier

piece on

TSC

, is expected to report a second-quarter loss of 51 cents.

Wednesday also brought a mostly positive open for a number of Net companies that reported earnings after the close Tuesday.

Xoom.com

(XMCM)

was up 1, or 2%, at 47 1/8 after reporting a second-quarter loss of 16 cents a share. The latest-quarter results beat the First Call estimate, which had it losing 26 cents a share, and narrowed the year-ago loss of 24 cents a share. Revenue rose to $6.5 million from $4.4 million a year ago. The Internet community also said it will join the online auction business.

Infoseek

(SEEK)

was up 5/8, or 1.6%, at 40 5/8, after beating earnings estimates. The company, which is being acquired by

Disney

(DIS) - Get Report

, posted a third-quarter loss of 36 cents a share. Infoseek lost 4 cents a share a year ago and estimates predicted it would lose 42 cents in the latest quarter. Revenue rose to $36.1 million from $17.1 million a year ago.

RealNetworks

(RNWK) - Get Report

was up 5 7/16, or 7%, at 83 1/4 after reporting it lost less than a penny a share for its second quarter, beating the year-ago 4-cent loss and the consensus estimate for a loss of 2 cents a share. Revenue rose to $28 million from $15.1 million a year ago.

Excite@Home

(ATHM) - Get Report

was up 1 9/16, or 3.5%, at 46 5/8 after matching earnings estimates with a 2-cent loss for its second quarter, vs. the year-ago 5-cent loss. Revenue rose to $100.4 million from $42.2 million a year ago.

And the Internet IPO market remains a bright spot. Two Internet IPOs will debut today and should see good interest, though

MP3.com

(MPPP)

was expected to take the

spotlight. The price range for the online music distributor's 12.3 million-share offering was lifted from the $9 to $11 originally expected to $16 to $18 and then $24 to $26 before the stock was priced at $28 Tuesday evening.

And shares of

Voyager.net

(VOYN:Nasdaq), the largest ISP in the Midwest, were priced at $15.