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NOVEMBER
17, 2000 VOL. 26 NO. 45 | SEARCH ASIAWEEK
A
Dead-Tech Bounce?
Some
stocks in the Asiaweek/CNN Internet Index are showing signs of life, but
a lasting recovery is far from certain
Take a look at that uptick at the end of the chartline for the Asiaweek/CNN
Internet. Does that look like the beginning of a recovery to you? Don't
bet on it. The short-term direction of Nasdaq and our Index depends heavily
on the tightly contested U.S. presidential election, and probably even more
on whether the U.S. economy will slump into a long-overdue recession early
next year. Analysts are warning the modest tech rebound of late could be
a classic dead-cat bounce.
Still, tech stocks have been so oversold it's hard not to welcome any lifesign.
After falling below the 100-point level for the first time in 15 months
on Oct. 31, the Index rallied by more than 10% in the first days of November.
Some truly brutalized shares, like those of Chinese portal Netease, have
gained more than 40% in the last 30 days. Considering Netease stock is still
58% below its July 1 price, it's no cause for a party.
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Down So Long....
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Vol. 2 No. 8
COVER:
Storming Asia
U.S.-based yahoo is Asia's internet portal of choice, but
rival dotcoms are spoiling for a fight
Banter-Bots:
want to chat online with john lennon? how about a wisecracking hamster?
chatbots are the talk of the web
Expletive
Deleted: keeping your kids away from porn is made easier with
the right programs, but "chaperone-ware" can't completely sanitize
cyberspace
Pulse:
China gets a net game, fuel cells meet cellphones, cd-roms that hold
10 million books, and the latest in hands-free headsets
Politics.com:
Anti-estrada protests and resignation petitions build to a roar on
the philippines web
Index:
The asiaweek/cnn internet index may have hit bottom at last
Toolbox:
Lucent's "residential gateway" offers wireless internet access from
anywhere in your house — once you get it to work
Wired Exec: an environmental
activist's love-hate relationship with tech
Asiaweek Technology Home
Asiaweek/CNN Internet Index:
Track our Asian high-tech stocks
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