Organic IPO Leads Nasdaq's Rise


CRN logo By Sandy Portnoy

6:37 PM EST Thu. Feb. 10, 2000
From the February 10, 2000 issue of CRN
Tech stocks, led by Organic Inc.'s initial public offering, helped the Nasdaq close Thursday up 122 points to 4,486.

Meanwhile, the Dow Jones Industrial Average shed 56 points to close at 10,644.

Shares of Organic were up 100 percent Thursday after the company launched its initial public offering.

Opening at $20 per share, the San Francisco-based company saw its shares soar $22.50 to $42.50 in early-afternoon trading, before closing up $19.94 to $39.94.

AppNet Inc. added $18.63 to close at $70, a 36 percent jump, after the company had better-than-expected earnings. Reporting after market close Wednesday, AppNet said it earned $1.7 million, or 5 cents per share, 1 cent above analysts' predictions.

Chase Hambrecht & Quist raised the price target to $90 per share, while Credit Suisse First Boston upped its target to $100.

Also gaining ground, Keane Inc. rose $5.06 to $27.56, a 23 percent climb, after announcing a share repurchase plan; Primix Solutions Inc. rose $2.31 to $14, a 20 percent increase; 3Com Corp. jumped $5.69 to $65.19, a 10 percent increase; Cabletron Systems Inc. rose $3.25 to $36, a 10 percent rise, after announcing plans to establish four independent operating companies; and Symantec Corp. was up $5.25 to $69.13, a 10 percent jump.

On the flip side, Buy.com Inc., which rose 93 percent at its IPO debut Tuesday fell $1.50 to $26, a 5 percent slip; Interliant Inc. was down $8.25 to $45, a 15 percent slide; and US Interactive Inc. dropped $4.94 to $44.63, a 10 percent fall, after announcing a secondary public offering of approximately 5 million shares.CRN

Integrated Distribution

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
ARWARROW ELECTRONICS$23.19$22.941%$26.50$13.18$2,226
AVNTAVANT CORP$18.81$18.134%$25.25$10.50$725
CDWCCDW COMPUTER CENTERS$69.00$66.254%$80.00$27.93$2,982
HSCHS ELECTRONICS$1.19$1.136%$16.56$0.43$71
CMPCCOMPUCOM SYSTEM$5.06$4.757%$5.62$2.75$241
CPUCOMPUSA INC$9.63$9.69-1%$14.18$4.87$892
ENPTEN POINTE TECH$41.25$40.312%$42.50$5.00$251
ICOINACOM CORP$4.00$4.13-3%$17.75$3.87$183
IMINGRAM MICRO$11.13$11.50-3%$33.87$10.00$787
MSELMERISEL INC$1.94$1.845%$3.18$1.12$156
MICAMICROAGE INC$3.47$3.50-1%$16.81$2.00$71
MTMCMICROS TO MAINFRAMES$6.63$6.97-5%$12.12$2.50$32
PMRYPOMEROY COMPUTER$16.88$16.97-1%$23.12$9.56$199
SVTGSAVOIR TECHNOLOGY GRP$6.97$6.970%$12.43$4.31$91
SECXSED INTL HOLDINGS$1.69$1.84-8%$4.50$1.50$12
TECDTECH DATA CORP$22.31$22.50-1%$44.68$14.50$1,163
PIOSPIONEER STD ELECTR$14.25$14.190%$15.37$6.25$386
Index1099.381087.391.10

E-Services

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
RAZFRAZORFISH INC$45.75$46.50-2%$52.12$8.00$1,914
SAPESAPIENT CORP$89.63$88.501%$151.18$23.87$5,031
SCNTSCIENT CORP$89.50$88.002%$102.25$10.00$72,104
USWBUSWEB CORP$33.75$33.441%$58.50$17.00$2,896
VIANVIANT CORP$104.00$104.19-0%$127.12$16.00$2,337
CMGICMGI INC$117.81$120.50-2%$163.50$20.50$270,078
ICGEINTERNET CAPITAL GROUP$128.00$126.251%$212.00$6.00$33,315
APNTAPPNET INC$70.00$51.3836%$67.25$8.62$2,275
ACOMAGENCY.COM LTD$43.75$45.13-3%$98.00$26.00$1,470
PXCMPROXICOM INC$110.00$107.253%$135.00$13.00$2,873
CYSVCYSIVE INC$92.50$95.00-3%$103.25$17.00$1,033
CIRCCIRCLE.COM$11.00$11.50-4%$21.68$9.00$244
USITUS INTERACTIVE$44.63$49.56-10%$92.00$9.75$865
IIXLIXL ENTERPRISES$43.88$45.25-3%$58.75$12.00$2,836
PMIXPRIMIX SOLUTION$14.00$11.6920%$13.25$1.93$204
ANSRANSWERTHINK CON$33.81$34.75-3%$40.37$9.25$1,414
VERTVERTICALNET INC$222.50$226.94-2%$289.56$8.00$7,922
TANNTANNING TECHNOL$62.00$67.25-8%$71.12$12.75$1,252
BUYXBUY.COM$26.44$27.50-4%$33.00$13.00$3,413
Index4106.304101.230.12

Software

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
NOVLNOVELL INC$38.75$36.885%$42.43$16.06$12,656
ADBEADOBE SYSTEMS$91.25$87.564%$87.75$18.84$10,968
ADSKAUTODESK INC$38.13$38.060%$44.37$17.00$2,349
CORLCOREL CORP$17.88$18.50-3%$44.50$2.00$1,122
RHATRED HAT INC$87.06$89.50-3%$151.31$7.00$5,989
IFMXINFORMIX CORP$15.81$15.750%$16.50$6.03$3,184
INTUINTUIT INC$63.75$65.25-2%$90.00$22.50$12,622
MSFTMICROSOFT CORP$106.00$104.002%$119.93$71.99$546,696
SYBSSYBASE INC$24.06$24.19-1%$25.00$5.31$1,962
SYMCSYMANTEC CORP$69.13$62.8810%$69.31$12.50$4,019
BVSNBROADVISION INC$176.63$170.064%$193.00$11.29$13,993
VIGNVIGNETTE CORP$205.63$210.19-2%$248.50$9.50$11,551
ALLRALLAIRE CORP$135.00$135.000%$188.25$39.87$1,768
EXDSEXODUS COMMUNIC$120.38$121.00-1%$144.75$9.04$20,518
DRIVDIGITAL RIVER$30.19$30.001%$57.93$18.25$626
OMKTOPEN MARKET$53.50$50.137%$62.00$11.18$2,346
DIGXDIGEX INC$90.81$96.00-5%$103.75$14.62$1,044
Index1307.361284.311.79

ASP'S

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
USIXUSINTERNETWORKING$49.88$51.25-3%$70.87$9.54$3,040
BWAYBREAKAWAY SOLUT$107.25$105.002%$130.50$14.00$1,868
INITINTERLIANT INC$45.00$53.25-15%$55.50$9.25$1,965
FTRLFUTURELINK CORP$22.50$22.75-1%$33.25$14.37$207
Index1416.051497.50-5.44

Infrastructure

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
COMS3COM CORP$65.19$59.5010%$60.68$20.00$22,316
AOLAMERICA ONLINE$58.38$57.751%$95.81$35.50$130,049
TAT&T CORP$49.13$48.811%$63.41$41.50$156,697
CSCABLETRON SYSTEMS$34.75$32.756%$32.93$7.18$6,333
CSCOCISCO SYSTEMS$135.94$128.816%$135.00$45.81$465,507
LULUCENT TECHNOLOGI$53.00$53.06-0%$84.18$47.00$166,615
INTCINTEL CORP$107.63$104.633%$110.06$50.12$359,957
MOTMOTOROLA INC$155.50$153.561%$161.37$63.31$110,027
APCCAMER POWER CONVERSION$30.75$29.753%$32.50$13.09$5,922
BOCIBOCA RESEARCH$7.75$7.257%$11.12$3.06$89
IOMIOMEGA CORP$4.06$4.002%$7.43$2.87$1,096
LXKLEXMARK INTL$114.31$112.941%$118.87$42.09$14,601
MXTRMAXTOR CORP$6.88$6.94-1%$17.87$4.25$778
DSSQUANTUM CORP$10.44$10.192%$22.25$8.00$1,720
SEGSEAGATE TECHNOLOGY$47.56$45.505%$48.81$25.12$10,266
TEKTEKTRONIX INC$41.44$41.56-0%$42.81$17.56$1,958
WDCWESTERN DIGITAL$4.81$5.00-4%$14.50$2.75$541
AMDADVANCED MICRO DEV$42.50$42.061%$45.12$14.56$6,256
WCOMMCI WORLDCOM$49.81$48.134%$64.51$40.62$141,138
NNNEWBRIDGE NETWORKS$35.00$34.003%$39.50$14.00$6,344
PCORPCORDER.COM INC$44.50$41.757%$94.00$21.00$262
YHOOYAHOO INC$365.00$362.311%$500.12$110.00$96,083
XRXXEROX CORP$20.63$21.63-5%$63.93$19.00$13,700
Index1718.191669.722.90

Enterprise

TickerCompany2/10/00 Close2/9/00 ClosePct. Change52Week High52Week LowMarket Cap (MIL)
CSCCOMPUTER SCIENCES$87.06$87.50-1%$94.93$52.37$13,970
EDSELECTRONIC DATA$74.38$72.882%$76.68$44.12$35,014
CACOMPUTER ASSOC INTL$68.63$70.25-2%$79.43$32.12$36,991
CPQCOMPAQ COMPUTER$26.25$26.38-0%$47.93$18.25$44,625
DELLDELL COMPUTER CORP$38.78$35.569%$55.00$31.37$99,480
GTWGATEWAY INC$58.25$56.882%$84.00$28.37$18,438
HWPHEWLETT-PACKARD$125.88$124.002%$129.00$63.37$126,650
IBMINTL BUSINESS MACHINES$119.13$117.381%$139.18$80.87$214,473
SUNWSUN MICROSYSTEMS$94.63$91.563%$93.50$23.12$147,781
SAPSAP AKTIENGESELLSCHAFT$70.88$72.38-2%$73.87$23.75$3,088
BAANFBAAN CO NV$7.44$7.381%$17.81$6.43$1,476
PSFTPEOPLESOFT INC$24.00$25.19-5%$27.75$11.50$6,443
ORCLORACLE CORP$62.31$59.944%$62.59$10.50$175,581
AAPLAPPLE COMPUTER INC$113.50$112.631%$121.50$32.00$18,349
CATPCAMBRIDGE TECHNOLOGY PTNRS$16.81$17.94-6%$32.25$10.62$1,016
KEAKEANE INC$27.56$22.5023%$35.00$17.25$1,972
FISVFISERV INC$36.19$35.003%$40.75$24.12$4,438
WHITWHITTMAN-HART INC$40.75$40.501%$81.12$17.00$2,306
PERPEROT SYSTEMS$22.56$23.06-2%$85.75$15.31$2,073
UISUNISYS CORP$31.56$32.00-1%$49.68$20.93$9,781
Index1928.661878.312.68

Market Capitalization Leaders (Mil)

MICROSOFT CORP$546,696
CISCO SYSTEMS$465,507
INTEL CORP$359,957
CMGI INC$270,078
INTL BUSINESS MACHINES$214,473
ORACLE CORP$175,581
LUCENT TECHNOLOGI$166,615
AT&T CORP$156,697
SUN MICROSYSTEMS$147,781
MCI WORLDCOM$141,138
AMERICA ONLINE$130,049
HEWLETT-PACKARD$126,650
MOTOROLA INC$110,027

 
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