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04/06/2005

Internet Stocks Update: March/Q1

The Internet Stock Index was off 2.4% in March compared to the NASDAQ's 2.6% loss.  The average stock was off 4.1% as small caps underperformed big caps.  Of the 87 stocks in the universe, March's best performers were DIGI (+73%) which announced it was being acquired by Axiom, EDGR (+30%) which has doubled in the last two months thanks to good financials and improved IR and ASKJ (+22%) which announced it was being acquired by IAC.  This month's worst performers were AOLA (-75%) which announced it was likely to for Bankruptcy, REDE (-52%) which missed its numbers and fired the CEO, and Long (-35%) which missed its numbers in the first full quarter since its IPO.  For all of Q1, the Internet Index was down 16.7% compared to the NASDAQ's 8.1% which seems to indicate that the sector is cooling off quite a bit after a very impressive 2004.

For a detailed breakdown of all the stock statistics including a record of all of the M&A in the space, click here to download an Excel spreadsheet with the data and click here to get Microsoft's automatic stock quote downloading plug-in for Excel if you don't already have it.

April 6, 2005 in Internet, Stocks | Permalink

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