With technology stocks under broad selling pressure at midmorning after
negative surprise last night, Internet stocks were weathering the storm fairly well.
Among Internet bellwethers,
was rebounding from its recent swoon, up 2 1/4 to 176 1/4;
was up 2 3/4 to 147 1/2;
was off 1/8 to 84 7/8; and
was up 2 3/4 to 116 3/4.
Some Net stocks were getting boosts from narrower-than-expected losses (this is the Internet sector we're talking about here, after all) this morning.
was up 1, or 3.9%, to 26 3/8 after reporting a third-quarter loss of 11 cents a share, 2 cents above the 10-analyst
First Call/Thomson Financial
consensus but wider than the year-ago 8-cent loss; excluding an acquisition charge, E*Trade lost 10 cents a share. Meanwhile, online business information provider
was up 1 11/16, or 15.7%, to 12 3/8 after posting last night a second-quarter loss of 29 cents a share, narrower than the three-analyst call for a 35-cent loss.
On the research front,
to trading buy from market outperformer. ZDNet was lately up 3 3/8, or 16.9%, to 23 3/8 on the news.
Web infrastructure software firm
was up another 3 9/16, or 6.5%, to 55 5/8 after
started its coverage with a near-term accumulate and a long-term buy. Yesterday
Credit Suisse First Boston
started coverage on the stock with a strong buy and set a 12-month price target of 75.
Business-to-business e-commerce software firm
was rocketing up 9 1/8, or 7%, to 140 on no particular news whatsoever.