'); //-->

Globe 100 Home
  | Index of coverage |

Top Ten
1. Teradyne Inc.
2. Analog Devices Inc.
3. LTX Corp.
4. EMC Corp.
5. Helix Tech. Corp.
6. ACT Manufacturing
7. Millipore Corp.
8. Talbots Inc.
9. Cytyc Corp.
10. FleetBoston

Year's Best
Company of year
Highest Market Value
Fastest Growth
Biggest Stock Gain
Comeback of the Year
Highest Sales

Overall performance
  1. ACT Manuf.
  2. Provant Inc.
  3. Analog Devices
  4. Sapient Corp.
  5. Foilmark Inc.
Bulls and Bears
  1. J. Jill Group
  2. Inverness Medical
  3. Reebok Intl.
  4. Bostonfed Bancorp
  5. John Hancock
  1. Aztec Tech.
  2. Engage Inc.
  3. CMGI Inc.
  4. Telaxis Comm.
  5. NaviSite Inc.

* The Globe 100
* Market value 100
* Sales 100
Return on equity 100
Growth 50
* Highest leveraged
* Top employers
* Most productive
* Industry summary
* Biggest profits
* Biggest losses
* The Bulls
* The Bears
* Top profit margins
* Debt-free companies
* Street's darlings
* Street's wallflowers
* 2000 Mass. IPOs
* Recoveries
* Nose Dives
All the charts for
this year's Globe 100

   | 2000 Globe 100 |

Sections Boston Globe Online: Page One Nation | World Metro | Region Business Sports Living | Arts Editorials

Search the Globe:


The Boston Globe OnlineBoston.com Boston Globe Online / Business / 2001 Globe 100

Web hosting firm eats 97% value loss




Old economy companies led Bay State Bulls
The shining lights of the local investment world were companies that sell sneakers, blood tests, clothes for middle-age women, and life insurance.

1. J. Jill Group
2. Inverness Medical Tech.
3. Reebok Intl.
4. Bostonfed Bancorp
5. John Hancock Financial

1. Aztec Tech. Partners
2. Engage Inc.
3. CMGI Inc.
4. Telaxis Communications
5. NaviSite Inc.

Get the chart
* The Bulls
* The Bears
* All the charts

hen your stock has lost 97 percent of its value over 12 months, it's important to keep things in perspective. For NaviSite, an Andover company that provides Internet hosting and other Web services, one thing to keep in mind is that if you measure the stock's performance over the 12 months that ended March 13 instead of March 31, the stock lost a full 99 percent of its value. It dropped from a high of $159.15 to $1.44.

It seems that all of the problems that crushed Internet stocks and dot-coms since March 2000 were magnified for NaviSite.

If there's such a thing as guilt by association in the new economy, NaviSite suffered from it. Not only does CMGI Inc. own most of NaviSite's stock - 76 percent of shares as of January - it and other CMGI affiliates also generated most of NaviSite's revenue.

So when CMGI and its portfolio companies started to sniffle, it was a good bet that NaviSite would catch a cold.

CMGI said it would shed businesses and cut spending to conserve cash, both hurting the bottom line at NaviSite. The fundamental problem facing CMGI and NaviSite was an instantaneous slowdown in Internet-based advertising revenue.

Now, it looks like it could be pneumonia. In March, NaviSite indefinitely postponed a presentation to securities analysts. It also said it had hired Wall Street bankers Goldman Sachs Group Inc. to advise it on ''strategic alternatives,'' including being acquired.



Boston Globe Extranet
Extending our newspaper services to the web
© Copyright 2001 Globe Newspaper Company

Return to the home page
of The Globe Online

Click here for advertiser information