Internet stocks rose higher in afternoon trading bouyed by two monster IPOs and positive comments from industry analysts.

internet.com's Internet Stock Index rose 16.07, or 1.62 percent, to 1007.99, the Nasdaq Composite was up 86.10 to 4782.79 and the Dow Jones industrial average matured 8.69 to 10137.00.

MatrixOne (MONE) rocketed 48-13/16 to 73-13/16 in its debut. The firm helps build greater integration within a company's engineering, manufacturing, sales and customer-service departments. MatrixOne sold 5 million shares at $25 per share through lead underwriter Goldman Sachs.

The other monster IPO was ONVIA.com (ONVI), which sold 8 million shares at $21 per share through lead underwriter Credit Suisse First Boston. Shares jumped 40-1/2 to 61-1/2. ONVIA operates a B2B marketplace, allowing small and medium sized businesses to sell/buy goods and services.

Inktomi Corp. (INKT) rose 3-15/16 to 141-1/16. S.G. Cowen maintained a "strong buy" rating and raised its price target from $150 to $200.

Internet Capital Group Inc. (ICGE) gained 4-3/4 to 110-1/2. Partner company, PlanSponsorExchange.com, Wednesday purchased investment firm Asset Strategy Consulting. Also worth noting, ICGE holds a 23.3 percent stake in ONVIA.com.

eBay Inc. (EBAY) was up 5-7/8 to 149-1/4. The online auctioneer sealed a deal with Wells Fargo Co. (WFC) to operate a system that will allow eBay's buyers and sellers to accept credit card payments. As part of the deal, Wells Fargo will take a 35 percent stake in Billpoint, eBay's electronic billing arm.

Priceline.com Inc. (PCLN) gained 8-7/16 to 64-3/8. The "name-your-price" retailer Wednesday expanded into Australia and New Zealand.

NBC Internet Inc. (NBCI) slipped 1-7/8 to 50-11/16. The company Wednesday sealed a deal with Spinway.com to offer free Internet access.

E-Loan Inc. (EELN) added 11/16 to 9-5/8. The company's European unit Wednesday bought a German bank and French online lender in preparation of its launch of regional operations this spring.

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