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National Discount Brokers Group, Inc. rose 14 1/2 to 45 1/2 Tuesday after the company reported that earnings and revenue for the just-completed quarter would "substantially exceed" analysts' forecasts. The company credited the booming stock market and the success of its online brokerage unit, NDB.com ...
Exactis.com, Inc. (Nasdaq: XACT) rose 7 13/16 to 26 1/2 Tuesday following news that the e-mail marketing company will be acquired by 24/7 Media, Inc. (Nasdaq: TFSM) in an all-stock deal worth about $490 million. Under the agreement, each Exactis common share will be exchanged for 0.60 24/7 common shares. Shares of 24/7, a global advertising and direct-marketing company, closed at 46 1/2 down 3...
The initial public offering of MatrixOne, a software company that develops Internet business collaboration solutions, is expected to get off to an extremely strong start today. The company priced five million shares at $25 per share, above the IPO's revised price range of $20 to $22 and more than double the low end of the original range of $12 to $14...
The online marketing/advertising sector is currently dominated by DoubleClick and Engage Technologies, but investors clearly think there is a lot of room for competition. Online marketing/advertising companies Net.Genesis (Nasdaq: NTGX) and Avenue A (Nasdaq: AVEA) both went public on Tuesday and racked up tremendous gains. Shares of Net.Genesis more than tripled, soaring 38-13/16 to 56-13/16, a gain of nearly 216 percent. Meanwhile, shares of Avenue A tripled, gaining 48 to 72...
The initial public offering of e-business software company Niku Corporation (Nasdaq: NIKU) also had a great first day on a busy Tuesday for big IPOs. Shares of Niku, which sells software that helps online businesses manage professional services, gained 45 to close at 69 on Tuesday. Niku priced eight million shares at $24, above its revised range of $20 to $22 and double the high end of its original range of $10 to $12...
Online travel sites Travelocity.com and Preview Travel (Nasdaq: PTVL) announced a merger today that will create an e-commerce entity with more than 17 million registered members and more than $1 billion (US$) in projected 1999 sales. The companies say that the merger will create the largest e-commerce site in the travel category and the third largest e-commerce site overall...
On Friday, Vitria Technology (Nasdaq: VITR), which manufactures software that helps companies keep track of and fulfill e-commerce orders, put an exclamation point on a week that saw many high-flying initial public offerings take off. After strong showings by Internet IPOs such as PurchasePro.com, Garden.com and Luminant Worldwide, Vitria recorded the strongest opening of the week...
Online wedding resource and gift registry the Knot has renewed its vows with America Online (NYSE: AOL), and will now become the premier wedding content partner for AOL, CompuServe, AOL.com and Netscape Netcenter. Additionally, the firm will be an anchor tenant in the registry area of [email protected], [email protected], [email protected] and [email protected] City ...
Online sports content network Sportsline USA (Nasdaq: SPLN) has a name that makes it sound like it only focuses on American sports, but the company now has its eyes on Europe. Today, Sportsline USA announced that its Sportsline Europe division has launched a new site for fans of European sports. If nothing else, the new site has a perfect domain name: sports.com...
While most Internet stocks struggled on Monday, shares of e-commerce solutions provider Broadvision (Nasdaq: BVSN) climbed 3-1/16 to 72-3/4. Earlier Monday, Broadvision announced that its technology was being used to power Home Depot's newly launched Web site ...
In May, Barron's ran a negative cover story on Amazon.com headlined "Amazon.bomb." Barron's was at it again over the weekend ...
With a major challenge from Oracle (Nasdaq: ORCL) looming, business-to-business e-commerce solutions provider Ariba (Nasdaq: ARBA) is strengthening its global presence. On Friday, Ariba announced that it has opened five new regional hubs to provide support for its European clients in the United Kingdom, Germany, the Netherlands, Sweden and Switzerland...
Just two days after the successful initial public offering of Chemdex (Nasdaq: CMDX), which provides e-commerce solutions for the life sciences industry, business-to-business community network VerticalNet (Nasdaq: VERT) gobbled up one of Chemdex's competitors. Today, VerticalNet announced the acquisition of labX.com, an online trading community for used and excess scientific laboratory equipment. Terms of the deal were not disclosed...
While the financial markets bled on Thursday, with the Nasdaq falling more than 2.4 percent, shares of Oracle (Nasdaq: ORCL) were strong, gaining 7/16 to 38-1/8 ...
Shares of online technology network ZDNet, (Nasdaq: ZDZ) which features e-commerce offerings such as auctions and shopping-comparison services, climbed 1-3/16 to 19-11/16 after the company released a strong earnings report on Thursday. ZDNet reported a profitable 1999 second quarter, with revenues increasing to $22.9 million, a 87 percent increase over the $12.3 million for the second quarter of 1998...
Online profile-driven marketing company Engage, which has CMGI as its majority shareholder, was another of the small minority of winners in the Internet sector on Thursday. The stock gained 2 to 32 on relatively heavy volume of more than 2.6 million shares ...
High-end brick-and-mortar furniture retailer Ethan Allen Interiors (NYSE: ETH) is doing some redecorating of its own. Today, Ethan Allen announced that it plans to start selling furniture and accessories on its Web site in late September. The company is undergoing an online makeover, with its Web site currently being redesigned ...
As expected, drugstore.com (Nasdaq: DSCM) became the latest billion-dollar company when it went public on Wednesday. Shares of the initial public offering, which priced at $18 after an original range of $9 to $11, closed up 32-1/4 to 50-1/4, a gain of 179 percent. Shares traded as high as 69 ...
Shares of online investment bank Wit Capital (Nasdaq: WITC) soared more than 14 percent on Wednesday, climbing 3-3/8 to 26-3/16 after the company added Elizabeth Schimel as senior vice president of business development. Schimel brings both a background in finance and the Internet, having worked at PaineWebber and been the head of BMG's online division in the past...
The stock of online outlet store Bluefly (Nasdaq: BFLY), which sells clothing and home furnishings, rocketed more than 22 percent, climbing 2-1/4 on 12-3/8 after the company announced that affiliates of well-known investor George Soros is investing $10 million in the outlet store. The investment will give the Soros affiliates a 19.5 percent voting and equity interest in the company...
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