First they're up, then they're down, and throughout it all Net stocks dominate market activity and captivate dumbfounded analysts. Despite concerns about overvaluation, untested business models, and as-yet-unseen profits, Internet stocks--especially those of portal sites--continue to push new highs and, despite their dramatic shifts, heighten expectations for investment returns.
Net stocks get a reality check
Internet issues begin to come back down to earth following yesterday's feeding frenzy, as analysts increasingly fear overvaluation.
Yahoo drops just before earnings update
The company's shares fall as much as 11 percent on concern that the stock and shares of other Net companies may be overvalued, analysts said.
Net stocks continue to skyrocket update
Portal sites head into record territory amid positive news and investor expectations that quarterly earnings reports will be strong.
Infoseek drops after Go launch update
The firm's shares fall as much as 16 percent following its meteoric rise yesterday, following the launch of Infoseek-Disney's Go Network.