At midafternoon, with the broader market mixed in extremely light holiday trading, the Net sector was making its latest attempt to make a sustained breakout to the plus side.
TheStreet.com Internet Sector
index was up 8.5, or 1.4%, to 629.
Even on its quieter days, the Net sector manages to produce more than its fair share of momentum plays.
Running up on nothing in particular beyond investors' fierce appetite today for business-to-business Net plays is
, a provider of e-commerce software and services. Commerce One was lately up 22 15/16, or 23%, to 123.
The same frenzy was also seizing
Internet Capital Group
, a holding company that invests in the Internet business-to-business market. Internet Capital was lately up 12 1/4, or 15.1%, to 93 1/2. That puts its market capitalization close to $11.7 billion, nearly $4 billion larger than
$7.9 billion market cap.
Still, that considerable market cap came in handy for CMGI today, as it announced that it has agreed to buy Web advertising service provider
for more than $425 million in stock, or around $21.70 a share based on CMGI's latest price. AdForce was lately up 13/16 to 20 3/8; CMGI was up 3 1/2 to 83 7/16.
were up 22.2% and 9%, respectively, after upgrades from
Warburg Dillon Read
were each extending their morning gains, each up 6%. BroadVision inked a deal today to provide e-business software services to clients of
Sony Broadcast & Professional Europe
Meanwhile, eBay fell 7 1/8, or 5.1%, to 133 9/16, after
formally launched their rival
FairMarket Auction Network