Demand for Internet-related stocks continues to expand.

Once again, Internet-related stocks surprised many analysts by maintaining their sharp ascent.

Analysts said that while the overall market for initial public offerings remains strong, it has in fact cooled toward Internet-related stocks.

The declines were broad based, from computer and drug makers to banks and financial service companies and highly speculative Internet-related stocks.

But it was the sharp drop in Internet-related stocks that was perhaps the session's most eye-catching development.

Adding to some analysts' concern about high valuations, some Internet-related stocks, which have been soaring in recent weeks, took off again yesterday.

With the opening of the annual Consumer Electronics Show, some Internet-related stocks had big moves.

Internet-related stocks were pushed higher by portfolio switching yesterday.

After all, it is not as though other funds have been ignoring Internet-related stocks.

While the fund has several other Internet-related stocks, its only "pure" Internet play is America Online, now at $119.25 a share.