Net Stocks Struggle to Stay on the Plus Side

Even on its quieter days, the sector manages to produce more than its fair share of momentum plays.
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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. 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

Commerce One


, 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

Lehman Brothers


Warburg Dillon Read


(BVSN) - Get Report



(RNWK) - Get Report

were each extending their morning gains, each up 6%. BroadVision inked a deal today to provide e-business software services to clients of


(SNE) - Get Report


Sony Broadcast & Professional Europe


Meanwhile, eBay fell 7 1/8, or 5.1%, to 133 9/16, after


(MSFT) - Get Report



(ATHM) - Get Report


Ticketmaster Online-CitySearch


formally launched their rival

FairMarket Auction Network