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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.co...
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 sh...
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 do...
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 rac...
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...
Sears, Roebuck and Co. (NYSE: S) rose 1 3/8 to 27 5/16 Monday after the venerable retailer announced a deal with French department store company Carrefour SA to form a global Internet-based venture to link retailers and suppliers. The plan, which follows a similar alliance announced Friday by the Bi...
Shares of Web directory provider LookSmart Ltd. (Nasdaq: LOOK) gained 6 3/8 to 48 1/16 Monday after U.S. Bancorp Piper Jaffray began coverage of the stock with a "strong buy" recommendation. Analyst Safa Rashtchy set a 12-month price target for the stock at $94, based on a multiple of 48 times his c...
Musicmaker.com (Nasdaq: HITS) fell 13 percent Monday, following news that a class action lawsuit had been filed on behalf of everyone who bought Musicmaker shares between July 7 and November 15, 1999. The company, which provides custom CDs and digital downloading of licensed music from the Internet,...
As expected, the terms for the already huge initial public offering from Palm Pilot manufacturer and 3Com subsidiary Palm, Inc. have gotten even larger. Monday, Palm set the top end of its proposed price range at $30 to $32 after targeting an original range of $14 to $16. Palm, which is expected to ...
Shares of Puma Technology (Nasdaq: PUMA), which develops software for handheld computers and other wireless devices, continued a remarkable run on Monday, gaining 16-3/16 to 178-3/4. Puma Technology's stock is now nearly 48 times higher than its 52-week low.
Shares of Digital Island (Nasdaq: ISLD), which provides a global delivery network for online businesses, climbed 2 to 111 on Monday after Bear Stearns reiterated its buy rating on the company and gave the stock a $200 price target. Bear Stearns was the lead underwriter for Digital Island's initial p...
Business-to-business (B2B) e-commerce solutions provider Commerce One, Inc. (Nasdaq: CMRC) closed up 34 at 213.06 Friday after General Motors Corp., Ford Motor Co. and DaimlerChrysler AG announced a plan to create an online purchasing exchange for parts and supplies. Commerce One is GM 's technology...
Internet Capital Group, Inc. (Nasdaq: ICGE) fell 10 percent Friday after Ipalco Enterprises, Inc. and its affiliate Mid-America Capital Resources, Inc. said they sold 50,000 Internet Capital shares at an average price of $113 5/8 each. Internet Capital is the holding company for a number of B2B e-co...
DigitalThink, Inc. (Nasdaq: DTHK), which calls itself "an e-learning company," more than doubled in its first day of trading. The software company sold 4.4 million common shares at $14 each in an offering managed by Credit Suisse First Boston, Chase H&H and Robertson Stephens. The company provid...
The marquee initial public offering scheduled for this week is the long-awaited 3Com spinoff of Palm, Inc., which manufactures the Palm Pilot. In a whopping offering of 23 million shares, the company is expected to raise about $345 million, based on the proposed price range of $14 to $16. That range...
Research In Motion Ltd. (Nasdaq: RIMM) rose 24 percent to a 52-week high Thursday after the company and Nortel Networks Corp. revealed plans to offer wireless Internet services and "connected computing appliances."
Priceline.com (Nasdaq: PCLN) rose more than nine percent to close at 56.75 Thursday after the "name-your-own price" pioneer announced the hiring of former Citigroup chief financial officer Heidi Miller as its new CFO.
MyPoints.com, Inc. (Nasdaq: MYPT) gained 5.88 to close at 51.88 Thursday after the direct-marketing company said it sold $183.5 million worth of common shares in a secondary offering. MyPoints, which runs customer-reward programs for retailers, said the sale of four million shares at $45.875 each ra...
One day after e-commerce infrastructure companies Broadvision (Nasdaq: BVSN) and Art Technology (Nasdaq: ARTG) settled a patent infringement suit, investors bid up the stocks of both companies. Shares of Broadvision, one of the top-performing stocks in the past year, soared 10.3 percent on Thursday,...
Shares of e-commerce software company Transaction Systems (Nasdaq: TSAI) soared 43.7 percent on Thursday, thundering ahead 12-1/8 to 39-7/8 after Credit Suisse First Boston upgraded the stock to strong buy from buy. The investment firm has a $60 price target on Transaction Systems, which develops el...
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