Rally Continues for Net Stocks, but Follow-Through's Not Inspiring

Also, the sector awaits earnings reports from RealNetworks, Excite@Home and Juniper Networks.
Publish date:

This morning's in-line

Consumer Price Index

report inspired a rally in the stock market and among Internet stocks, but follow-through in the tech sector has been anything but inspiring.

TheStreet.com Internet Sector

index was recently up 14.83, or 2.2%, at 684.69. The DOT peaked at 692.23 about the same time as the


was posting a 200-point gain at midmorning. The market backed off with



Alan Greenspan

speaking this afternoon, though his prepared text had not included any market-moving comments.

While much of the earnings focus in the sector is on

America Online


, which reports Wednesday, a couple of high-profile Net companies are scheduled to report after the close today.


(RNWK) - Get Report

was up 6 3/8, or 6.7%, at 101 15/16 in advance of its report. Gains reflect expectations that the company will report a profit for the first time. The estimate from

First Call/Thomson Financial

is for a 4-cent gain.


(ATHM) - Get Report

, which is expected to report a loss of 1 cent, according to First Call, was up 2, or 5.2%, at 40 5/8. Ahead of the announcement, Excite@Home said that it was adding both

Good Guys



Office Depot

(ODP) - Get Report

as retailers that would sell its high-speed Internet service.

Also on the docket,

Juniper Networks

(JNPR) - Get Report

, which is expected to report a loss of 12 cents a share, was up 8 1/4, or 3.6%, at 237.

Among other stocks,

Liquid Audio


was among the top-performing stocks today, recently up 3 5/8, or 12%, at 33 3/8.

Lehman Brothers

raised its price target on the company to 50 from 40 after Liquid Audio reported Monday a third-quarter loss of 28 cents a share, excluding charges, which was narrower than the three-analyst estimate of a 34-cent loss. It also reported revenue of $1.8 million, compared with $1 million a year ago.



was up 1 1/8, or 8.6%, at 14 3/16. The company said that it had partnered with

Value America


to sell computer and electronic products through the

Mail.com Marketplace