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Shares of online promotions solutions provider Netcentives (Nasdaq: NCNT) soared more than 10 percent on Monday, gaining 6-3/8 to 68-1/4 after the company announced that America Online will become a shareholder. In addition, Netcentives' customer-rewards technology will be the exclusive support infrastructure for AOL AAdvantage, a new consumer rewards network launched by America Online and American Airlines...
How much is a good name worth? The answer seems to be "a lot" for Webstakes (Nasdaq: IWIN). Shares of Webstakes rocketed more than 17 percent on Monday, gaining 3-5/16 to 22-5/16 after the company announced that it is changing its name to Promotions.com. On Wednesday, the company's Nasdaq ticker symbol will change to PRMO ...
Shares of Audible (Nasdaq: ADBL), which sells premium spoken-word content online, climbed nearly seven percent on Monday, gaining 1 to 15-1/2 after the company announced that it has entered into a multi-million dollar agreement with Amazon.com. Audible will become Amazon's exclusive provider of spoken-word audio programming for downloading or streaming via the Web. In addition, Amazon.com will acquire a five percent stake in Audible at market prices...
On Friday, Amazon.com (Nasdaq: AMZN) confirmed that it laid off about 150 employees, or about two percent of its workforce. While analysts did not seem concerned about the news, shares of Amazon.com tumbled nearly eight percent on Friday, falling 5-1/14 to 61-11/16. Granted, this development came on a day when all three of the major stock indices bled, with the Nasdaq tumbling 3.8 percent...
Friday's turbulent market action did not seem to slow down the initial public offering of 724 Solutions (Nasdaq: SVNX). The company, which provides online banking solutions that enable financial institutions to offer their services on wireless devices, priced six million shares at $26, up from the revised range of $20 to $22 and twice the high end of the original range of $11 to $13. The stock gained more than 176 percent on Friday, soaring 45-13/16 to 71-13/16...
While the overall financial markets have been choppy this week, the initial public offering market seems to be as strong as ever. Case in point: Thursday's IPO from Extensity (Nasdaq: EXTN), a software company that develops Internet-based workforce organization applications. The original price range for the IPO was $8 to $10 per share. Then it was raised to $14 to $16. Then it was raised to $16 to $18. Finally, the company priced four million shares at $20...
Shares of Internet infrastructure company InfoSpace.com (Nasdaq: INSP), continued their stellar run on Thursday, rocketing 27-1/2 to 167-1/2 one day after the company reported a surprising fourth-quarter profit. Infospace.com, which provides content and commerce solutions for affiliate sites, roared past analysts' expectations by reporting net income of $5 million, or nine cents per fully diluted share. Analysts polled by First Call had expected InfoSpace.com to break even for the quarter...
Internet relationship management software and services provider Vignette (Nasdaq: VIGN) has been a top performer on Wall Street since going public at $19 a share last February, and its stock got even hotter on Wednesday. Shares of Vignette soared more than eight percent, gaining 17-1/2 to an all-time closing high of 234, one day after the company announced fourth-quarter results that topped analysts' expectations...
While the Nasdaq fell nearly 100 points on Wednesday, two recently public CMGI-affiliated companies saw their stocks thunder to all-time closing highs. Shares of Engage Technologies (Nasdaq: ENGA), a profile-driven online marketing company, soared nearly 23 percent on Wednesday, rising 27-1/4 to 146-1/4. The company announced last week that it will buy fellow CMGI properties Adsmart and Flycast...
Shares of name-your-price retailer Priceline.com (Nasdaq: PCLN) climbed more than five percent on Wednesday, gaining 3-5/16 to 66-1/4 after the company announced a joint venture that will tap into the Asian Market. Priceline.com is teaming up Hutchison Whampoa Limited, a conglomerate whose properties include Internet and telecommunications infrastructure business, to introduce Priceline.com's name-your-price services to China, Hong Kong, India, Taiwan, Indonesia, Singapore, Thailand, Korea, Malaysia, the Philippines and Vietnam...
Shares of online auction giant eBay (Nasdaq: EBAY) were up 7-1/4 to 144-9/16 in early trading today, one day after the company announced impressive fourth quarter earnings. After the markets closed on Tuesday, eBay reported fourth quarter net income of $4.9 million, or four cents per share -- two cents better than the estimate of analysts surveyed by First Call. eBay had $73.9 million in sales in the fourth quarter of 1999, compared to the $30.9 million in the fourth quarter of 1998. The company earned $3.9 million, or three cents per share, in the fourth quarter of 1998...
After gaining 11 to close at 157-7/8 on Tuesday, shares of streaming media company RealNetworks (Nasdaq: RNWK) gained 6-1/8 to 164 in early trading today. After the markets closed on Tuesday, RealNetworks announced fourth quarter earnings of $6.1 million, or seven cents per share. That figure was two cents better than analysts had expected ...
Shares of About.com (Nasdaq: BOUT), which operates a network of niche vertical sites, soared more than 41 percent on Tuesday, gaining 25-15/16 to 89 one day after the company reported fourth quarter results that handily exceeded analysts' expectations. About.com had fourth quarter revenue of $13 million, which was more than six times the revenue for the fourth quarter of 1998 and an increase of 65 percent over the $7.9 million reported in the third quarter...
While many stocks were sold off on Monday, the initial public offering of Neoforma.com (Nasdaq: NEOF) performed like a typical high-flying, shot-from-a-cannon, business-to-business IPO. Neoforma.com, which provides business-to-business (B2B) services for the medical supplies market, priced seven million shares at $13, above the original price range of $10 to $13...
Monday was also a good day for Chemdex (Nasdaq: CMDX), an online marketplace for the life sciences industry. Shares of Chemdex, which has Internet incubator CMGI as a shareholder, climbed nearly 10 percent on Monday, gaining 9 to 100-3/4 after the company announced that it has teamed up with DuPont to create Industria Solutions, a new business-to-business e-commerce company for the $75 billion worldwide fluid processing market. This market includes companies from industries such as chemical, oil and gas, pulp and paper, power generation and pharmaceuticals...
Shares of online pharmacy Drugstore.com (Nasdaq: DSCM) rocketed more than 20 percent on Monday, gaining 5-7/8 to 35 after Amazon.com announced the expansion of an existing alliance with the company ...
The IPO market is ready to start rolling at full speed again this week, with 19 companies scheduled to go public -- and there are plenty of new issues for investors that are interested in e-commerce ...
Shares of Allscripts (Nasdaq: MDRX), which provides online medication management and distribution solutions for physicians, broke out on Friday, soaring 10-3/16 to an all-time closing high of 57-9/16. Allscripts was among a handful of health-related Internet companies that saw big gains on Friday, with Healtheon/WebMD (Nasdaq: HLTH) climbing 8-15/16 to 59-9/16, DrKoop.com (Nasdaq: KOOP) gaining 2-1/16 to 14-15/16 and PlanetRx.com (Nasdaq: PLRX) climbing 1-1/8 to 18-1/4. Rumors spread on Friday about Healtheon/WebMD being a takeover target...
Shares of e-business solutions company i2 Technologies (Nasdaq: ITWO) skyrocketed on Thursday, thundering ahead 41-1/2 -- or 19.3 percent -- to an all-time closing high of 256-1/2. The rise came one day after the company announced fourth-quarter earnings of $17.1 million, or 19 cents per share. Analysts had expected i2 Technologies to earn 16 cents per share...
Shares of Internet infrastructure company Inktomi, which provides shopping and search services for portals and destination sites, climbed more than six percent in early trading today. The gain of 6-3/8 -- to 106-3/8 -- comes one day after the company reported that its first-quarter revenue more than tripled and its net loss declined ...
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