Nothing but CNet

The company has been climbing after it announced better-than-expected earnings and a 2-for-1 split yesterday.
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SAN FRANCISCO -- After the

Lycos

(LCOS)

deal was deemed a bust by many investors, the Internet sector was looking for a shot in the arm. It may have received it with last night's earnings report from

CNet

(CNET) - Get Report

.

CNet, which took a beating following the Lycos merger with

USA Networks

(USAI) - Get Report

and

TicketMaster Online-CitySearch

(TMCS)

, rocketed early after it announced better-than-expected earnings and a 2-for-1 split yesterday. CNet jumped 18 3/4, or around 20%, to 110 1/16 after it announced earnings of 17 cents a share vs. the

First Call

consensus estimate of 10 cents a share. CNet had fallen more than 30 points in the last two sessions after the Lycos deal was reported.

Lycos was also trading higher early. After finding some support after reaching a low of 77 on Wednesday, Lycos has climbed back above 90 and was trading 7 1/2 higher at 94 3/4.

On the downside,

Network Solutions

(NSOL)

continues to slide. Concerns over eventual competition for the registrar of Internet domains, along with a secondary offering, have battered the stock this week. Network Solutions was down 7 13/16 to 146 1/6 early. It was trading at 254 3/4 on Feb. 1.

Trade with Caution

Ameritrade

(AMTD) - Get Report

has been one of the most volatile stocks of late, and that trend continues today. In early trading, Ameritrade was up 7 11/16 to 91. It went from a high of 135 on Feb. 4 to 61 7/8 on Feb. 10 before recovering. One thing to note is that it has a relatively small float of 7.1 million shares, which contributes to volatility.

Watchful Eye

Making early morning appearances at the

Goldman Sachs Technology Symposium

are

PSINet

(PSIX)

,

Micron Electronics

.

(MUEI)

and

Hewlett-Packard

(HWP)

.

TSC

will provide coverage of the

conference throughout the day.

IPO Watch

Though tech stocks have been shaky over the past week, the IPO market remains red hot and is not expected to cool off despite three more Internet issuances today.

Healtheon

(HLTH)

, an Internet health-care company, was priced at 8;

VerticalNet

(VERT)

, which offers online commerce for businesses, was priced at 16; and

Prodigy

(PRGY)

, an online provider, was priced at 15.

As originally published this story contained an error. Please see

Corrections and Clarifications.