A new batch of earnings helped techs shrug off Dell's profit warning and news that the economy is still going strong at midday Thursday. The Nasdaq rose 25.01 to 4094.92, and the Dow Jones industrial average climbed 55.84 to 11,088.83.
The Inter@ctive Week @Net Index hopped 4 to 553.62.
Dell Computer Corp. (Nasdaq: DELL) lost 7/8 to 39 1/2 after it warned of a shortfall Wednesday. Compaq Computer Corp. (NYSE: CPQ) shed 13/16 to 28 1/16.
The economy is still booming and the labor market is tight, judging by orders for durable goods, which surged 4.1 percent in December, well above expectations. The number of Americans filing for first-time jobless benefits rose just 1,000 to 266,000, last week, a historically low figure.
Extensity Inc., (Nasdaq: EXTN), an employee productivity software maker, priced its 4 million shares at $20 a peice and soared 56 1/4 to 76 1/4 in debut.
SanDisk Corp. (Nasdaq: SNDK) jumped 29 percent, or 28 5/8 to 125 3/8, after the company reported strong fourth quarter results and a 2-for-1 stock split. The maker of flash memory data storage products also got an upgrade.
PRI Automation (Nasdaq: PRIA) down 1 3/4 to 77 1/8 posted a profit, but lost a CFO.
EToys (Nasdaq: ETYS) lost 3 7/16 to 17 13/16 after it met Wall Street estimates Thursday with a fiscal third quarter operating loss of $62.5 million, or 51 cents a share, as sales jumped 366 percent to $107 million.
Priceline.com (Nasdaq: PCLN) dropped 1 1/2 to 64 3/4 after it topped Wall Street estimates Thursday with a fourth quarter operating loss of $12.9 million, or 6 cents a share.
iVillage (Nasdaq: IVIL) fell 7/16 to 18 1/4 after it reported a hefty loss for its fourth quarter Thursday, but beat estimates. The online women's network said its fourth quarter loss was $1.04 a share.
Sportsline.com (Nasdaq: SPLN) gained 3/8 to 39 11/16 after it handily beat estimates with a smaller-than-expected loss as traffic and revenue soared in the fourth quarter. Salon.com (Nasdaq: SALN), down 3/8 to 8 7/8, also reported.
Amazon.com Inc. (Nasdaq: AMZN) rose 2 9/16 to 67 3/8, Yahoo! (Nasdaq: YHOO) rose 6 3/4 to 335 5/16, and America Online Inc. (NYSE: AOL) rose 3/8 to 60 5/16 after StarMedia Network Inc., (Nasdaq: STRM), down 1/8 to 32 3/8 lured away an executive from AOL to help run a new interactive division