RealTime IT News

ISDEX & NASDAQ Climb As Dow Drops

ISDEX and NASDAQ climb while the Dow drops on interest rate debate. Techs are stronger on deals and rumored deals while the broad market suffers from bond pressure.

  • Verio (NASADQ:VRIO) passes the 250,000 milestone with its Web hosting. At 260,000 the ISP adds about 10,000 per month. VRIO shares gains 3% to $59 7/16 on the news.

  • Yahoo (NASDAQ:YHOO) and Healtheon (NASDAQ:HLTH) ink an agreement to integrate Healtheon health and medical content on Yahoo Health.

  • Cyberian Outpost (NASDAQ:COOL) posts $32.68 million sales for its first fiscal quarter. Net loss is $8.855 million or $0.38 loss per share. COOL shares drop 13% to $9 27/32.

  • Beyond.com (NASDAQ:BYND) is the subject of speculation (again) that Amazon.com (NASDAQ:AMZN) may acquire the software etailer. BYND shares soar 29% to $32 7/8 on the news. Beyond's CEO was the former VP marketing at Amazon. Amazon could absorb this one easy in my opinion.