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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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The thoughts and opinions on this blog are mine and mine alone and not affiliated in any way with Inductive Capital LP, San Andreas Capital LLC, or any other company I am involved with. Nothing written in this blog should be considered investment, tax, legal,financial or any other kind of advice. These writings, misinformed as they may be, are just my personal opinions.