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03/01/2006

Internet Stock Update: February 2006

Internet stocks badly lagged the overall market in February with the Internet Stock Index down 5.0% vs. the NASDAQ's 1.1% decline. Amazingly, the average stock was actually up 7.4% due so some very strong performances from small caps, but weakness at many of the Internet's biggest names was too much for the overall sector to overcome.  The big winner this month was Edgar Online which soared 125% on the backs of a good Q4 and improved earnings outlook while the big loser was Chinese wireless company Linktone whoose shares plunged 27.3% .

At a sector level, Information Services (-11.3%) was the worst performing sector thanks largely to weakness at sector leaders Google and Yahoo. Content Distribution (+33.2%) was the best performing sector thanks to good outlooks for both Akami and Loudeye.

There was one Internet related IPO in February, online auctioneer Liquidity Services and the only M&A deal completed was Liberty Media's acquisition of Provide Commerce.

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.  The spreadsheet has been improved lately with detailed fundamental financial data and ratios for almost all of the stocks.

March 1, 2006 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.