RealTime IT News

Michael Dell: The Next John Doerr?

Michael Dell has made money the old fashioned way -- by building a highly profitable company that sells actual products.

Lately, though, he's been moonlighting as a Net venture capitalist. His firm is called MSD Capital LP (yes, that stands for Michael S. Dell). He kicked-in a cool $1 billion to launch it last year, according to The Wall Street Journal.

What does he like? Basically, it is business-to-business and infrastructure. Investments include such names as Top Layer (develops network switch technology), Internet Capital Group (ICGE) (the B2B incubator) and Cerent (more on this below). Dell also likes companies that sell directly to consumers, such as CarsDirect.com.

ISDEX in the Past Week

Net stocks have been steadily erasing the big losses sustained in the past few months. The ISDEX, in the past week, rose 7.36% -- with the biggest gainers from the Net leaders, such as Amazon.com (AMZN) , DoubleClick (DCLK) , and Ariba (ARBA) . Here's a look:

ISDEX (r)

 

26-Aug-99

% change

The Internet Stock Index

 

close

from

www.isdex.com

   

20-Aug-99

     

close

ISDEX

 

508.77

7.36%

NASDAQ

 

2774.62

4.78%

DJIA

 

11198.45

1.01%

       

Amazon.com

AMZN

128.56

13.33%

American Online

AOL

100.44

5.52%

Ariba

ARBA

134.5

20.76%

At Home

ATHM

40.75

8.12%

Axent Technologies

AXNT

13.38

1.90%

Broadcom Corp

BRCM

133.5

8.64%

Broadvision

BVSN

102.88

7.45%

Beyond.com Corp

BYND

16.84

9.07%

CDNow Inc.

CDNW

14.88

-4.00%

Checkpoint Software

CHKP

76.75

9.74%

CMGI Inc

CMGI

87.31

9.22%

Concentric Networks

CNCX

22.13

-3.28%

CNET Inc.

CNET

40.38

8.40%

Cisco

CSCO

68.94

7.50%

Cybercash

CYCH

9.13

0.44%

Doubleclick

DCLK

105.94

16.49%

eBay

EBAY

128.44

4.42%

E*TRADE GROUP

EGRP

27.75

4.48%

Earthlink Networks

ELNK

48.31

5.87%

Exodus Communications

EXDS

86.25

14.42%

Go2Net Inc.

GNET

67.38

-0.46%

Healtheon

HLTH

37.38

6.62%

Inktomi Corp

INKT

115.06

1.37%

Infospace.com

INSP

44.69

2.59%

ISS Group

ISSX

25

3.09%

iVilliage Group

IVIL

42.88

3.33%

Juniper

JNPR

215.31

5.22%

Lycos Inc.

LCOS

43.44

-1.56%

Mindspring

MSPG

31.56

4.99%

Network Associates

NETA

15.94

-2.27%

Network Solutions

NSOL

65.44

7.28%

Open Market Inc.

OMKT

12.25

0.49%

Onsale Inc.

ONSL

15.31

-6.87%

Priceline.com

PCLN

72.63

7.20%

Prodigy Comm Inc.

PRGY

21.5

7.50%

PSINet

PSIX

51.38

12.77%

Preview Travel

PTVL

17

1.13%

RealNetworks

RNWK

85.5

5.71%

Secure Dynamics