US Internet stocks take a beating

The bubble may have burst. Internet stocks on US markets took a beating today, with many of the larger Internet companies stocks falling by as much as 28 per cent.

Infoseek dropped 24.6 per cent to close at $US45.62 and Excite dropped 22 per cent to a still very high $US108.50.

Others on the downward spiral were: Cnet, which dropped 28.3 per cent to $US86; Online share trader ETrade Group fell 20.2 per cent to $US73.81; Lycos dropped nearly 18 per cent to $US75.75; America Online fell 17 per cent to $US115.87; Amazon.com was down 16.3 per cent to $US158.93; and Yahoo was down 13.5 per cent to $US163.68.

Computer-related stocks didn't see such deep downward swings. For instance, Apple Computer was down 4.4 per cent to $US33.87, Dell Computer and Gateway 2000 were both down 7.3 per cent to $US35.43 and $US59.50 respectively, while Hewlett-Packard was up 1.4 per cent to $US71.37.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Elinor Mills

PC World

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?