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RealTime IT News

SportsLine Leads Week's Gainers

Fascinating how soon a Dow 11,000 starts to become taken for granted. The blue chip appeal seen in the industrial sector the past few weeks seems to have waned as Internet and technology stocks rallied to gains since May 5.

For the year the Dow was up neck in neck in the neighborhood of 19% with the NASDAQ. Internet stocks, as measured by ISDEX, showed a 108% gain since 12/31/98.

For the past week ISDEX rose 4.1% while NASDAQ popped 2.8%. On a closer look leading the Internet pack was SportsLine (NASDAQ:SPLN), up 20% to $42.625 per share as the Web-based sports site announced expansion plans into Europe. SPLN agreed to acquire Euro-based sports site from Reuters. SportsLine owns 80% of the new site, with Intel and MediaOne owning minority positions.

Broadcom (NASDAQ:BRCM) shares jump 20% also to $96.625 as the leading broadband chipmaker debuts a new networking chip that allows data transfer of 1 gigabit per second, 10x the existing fastest rates.

Xoom.com (NASDAQ:XMCM) pops 18% to $79 on a takeover merger with NBC and Snap! to create a full-service Internet guide and direct commerce community service that will offer Internet and TV users a one-stop Web shop. The agreement echoes that of Yahoo-GeoCities, Disney-Infoseek, which combined broad reach with community.

Now that still leaves Excite-@Home without a real community play. Who's next? theglobe.com (NASDAQ:TGLO) or FortuneCity? Lycos?

Let's go to the list:

ISDEX ®   13-May-99 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     27-Apr-99 27-Apr-99 31-Dec-98
          or 1999 IPO
ISDEX   595.41 4.1% 23.63 107.7%
NASDAQ   2,606.54 2.8% 72.09 18.9%
DJIA   11,000.37 0.4% 44.96 19.8%
           
Sportsline USA SPLN $ 42.63 20% $7.13 174%
Broadcom BRCM $ 96.63 20% $16.13 60%
Xoom.com XMCM $ 79.00 18% $12.16 139%
Concentric CNCX $ 91.38 16% $12.38 175%
Inktomi INKT $ 122.00 16% $16.38 89%
Axent AXNT $ 10.38 14% $1.31 -66%
Network Associates NETA $ 13.94 14% $1.69 -79%
Lycos LCOS $ 107.00 13% $12.44 93%
CyberCash CYCH $ 16.63 12% $1.75 11%
CDnow CDNW $ 20.44 11% $2.06 14%
CheckPoint Software CHKPF $ 41.00 11% $4.00 -11%
Verisign VRSN $ 120.75 9% $10.38 104%
Security Dynamics SDTI $ 21.75 9% $1.81 -5%
ISS Group ISSX $ 60.50 8% $4.50 10%
VocalTec VOCLF $ 11.25 7% $0.75 0%
Verio VRIO $ 71.94 7% $4.75 222%
Cisco CSCO $ 118.75 7% $7.78 28%
America Online AOL $ 138.44 7% $8.69 78%
Exodus EXDS $ 89.94 7% $5.56 180%
Broadcast.com BCST $ 125.50 7% $7.75 228%
24/7 Media TFSM $ 45.00 7% $2.75 61%
eBay EBAY $ 198.75 6% $11.94 147%
CNET CNET $ 126.00 6% $7.00 389%
Network Solutions NSOL $ 72.13 6% $3.94 10%
Yahoo! YHOO $ 169.94 5% $8.63 43%
Infospace.com INSP $ 60.50 5% $3.00 217%
GeoCities GCTY $ 113.38 5% $5.38 237%
PSINet PSIX $ 52.38 4% $1.88 151%
Security First Technologies SONE $ 52.75 4% $1.84 246%
USWeb USWB $ 25.88 3% $0.75 -2%
@Home Network ATHM $ 158.19 2% $3.25 113%
Excite XCIT $ 162.50 2% $2.75 286%
Preview Travel PTVL $ 23.75 1% $0.25 29%
E*TRADE EGRP $ 112.25 0% $0.25 380%
Doubleclick DCLK $ 125.19 0% $0.19 463%
Onsale ONSL $ 24.44 0% $0.00 -39%
Prodigy PRGY $ 26.19 -1% -$0.31 75%
CMG Info CMGI $ 239.75 -2% -$5.50 350%
Amazon.Com AMZN $ 142.94 -2% -$3.56 33%
iVillage IVIL $ 68.38 -3% -$2.38 185%
Earthlink Network ELNK $ 63.25 -4% -$2.38 11%
Open Market OMKT $ 12.75 -4% -$0.50 9%
Beyond.com BYND $ 24.88 -4% -$1.00 20%
Cyberian Outpost COOL $ 13.06 -5% -$0.63 -53%
Mindspring MSPG $ 89.50 -5% -$4.88 47%
Infoseek SEEK $ 51.88 -6% -$3.25 5%
Broadvision BVSN $ 50.75 -6% -$3.31 59%
Go2Net GNET $ 133.69 -7% -$10.81 656%
Egghead.com EGGS $ 13.56 -8% -$1.13 -35%
RealNetworks RNWK $ 94.50 -8% -$8.38 427%

On the loser side since May 5 RealNetworks (NASDAQ:RNWK) dropped 8% to $94.50 on concerns that Microsoft and Sony were starting a rival music downloading service using technology from Microsoft. Despite the move I think that Real has an enviable position in its installed base and support for both RealAudio and MP3 formats, both of which are more popular than Microsoft's.

Egghead.com (NASDAQ:EGGS) can't seem to get a jumpstart with investors despite doing a respectable switch to being 100% Web-based. At just over 3x annualized sales even though I think the etail sector is crowded EGGS posted $42 million revenue for the 14 weeks ended April 3.

Infoseek (NASDAQ:SEEK) at $51.875 per share was off 6% since May 5 but up only 5% this year. Clearly Disney (NYSE:DIS) must up the ante here with its marketing and positioning of the jointly-produced Go.com. Time for Mickey Mouse Web efforts to stop.


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