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RealTime IT News

Wild Bunch: New IPOs Lead List Of Hot Web Stocks

When the five new stocks were selected for ISDEX (Internet Stock Index) we thought they'd show promise in many ways.

USWeb (NASDAQ:USWB), N2K (NASDAQ:NTKI) and CBS.Sportsline USA (NASDAQ:SPLN) all posted better than 20% gains in just a week. The other two newbies, RealNetworks (NASDAQ:RNWK) and Concentric (NASDAQ:CNCX), are both pretty fair performers also in the short breath of 1998.

The upside arose largely from the fact that these issues were priced in a weaker Internet IPO market in the last part of 1997, except NTKI, which unbelievably priced at $19 per share and got buyers. Apparently there's many believers in the music sales via Internet model they employ.

In 1995, we did a forecast that showed as much as 10% of music sales happening over the Internet by 2005. But we also think that the six heavyweights of music, including Sony, Polygram, Warner, and BMG, could very well dominate a direct sales effort. Ditto publishers in the Amazon (NASDAQ:AMZN) world. That's another saga. For now the stats tell the story.

Check out the new feature, ISDEX Composite, which price weights the 35 stocks into a portfolio basket for dollar and percent gains as a blended investment vehicle (sort of like NASDAQ Composite does). The ISDEX Average, meanwhile, weights all stocks equally so that small and large influence the index on the same playing field (for example, this is a preferred method to put AOL on par with Sportsline).

Ups, Downs, & Sideways: Internet Stocks So Far In '98

ISDEX ® Ticker 06-Jan-98 % change Point % change
Internet Stock Index symbol close from change from
      31-Dec-97 31-Dec-97 31-Dec-96
        06-Jan-98 or IPO *
ISDEX Geometric Average   101.61 1.74% 1.74 2.12%
ISDEX Price Wtd. Composite   812.88 -0.41% 5.51 47.61%
NASDAQ   1,580.14 0.62% 9.79 22.39%
DJIA   7,906.25 -0.03% -2.00 22.61%
Blended Indices Performance   10,400.88 0.06% 15.04 23.97%
           
(% change sort)          
USWeb * USWB $12.25 31% $2.88 63%
Network Solutions * NSOL $16.88 29% $3.75 -6%
PSINet PSIX $6.53 27% $1.41 -40%
Sportsline USA * SPLN $13.38 24% $2.63 67%
N2K * NTKI $17.50 20% $2.88 -8%
Concentric * CNCX $10.00 13% $10.00 63%
Excite XCIT $33.75 13% $3.75 229%
Open Market OMKT $10.75 12% $1.13 -20%
Spyglass SPYG $5.50 11% $0.56 -56%
Security Dynamics SDTI $38.81 9% $3.06 23%
E*TRADE EGRP $24.59 7% $1.59 114%
Mecklermedia MECK $26.00 5% $1.13 32%
Forefront FFGI $8.13 4% $0.32 48%
Versant Object Technologies VSNT $14.38 4% $0.56 -23%
Raptor RAPT $13.50 2% $0.25 -33%
CyberCash CYCH $12.88 1% $0.19 -44%
RealNetworks * RNWK $14.00 1% $0.13 12%
Infoseek SEEK $10.75 0% $0.00 39%
Lycos LCOS $41.38 0% $0.00 294%
Onsale * ONSL $18.00 0% $0.00 200%
America Online AOL $90.00 -1% -$0.50 171%
VocalTec VOCLF $20.38 -1% -$0.13 247%
CKS Group CKSG $13.88 -2% -$0.25 -50%
CheckPoint Software CHKPF $40.00 -2% -$0.75 84%
CMG Info CMGI $29.69 -2% -$0.56 77%
Amazon.Com * AMZN $58.06 -4% -$2.19 223%
Earthlink Network * ELNK $24.50 -5% -$1.25 88%
Trusted Information Systems TISX $9.50 -5% -$0.50 -12%
Security First Net Bank SFNB $6.88 -5% -$0.38 -33%
Yahoo! YHOO $64.00 -8% -$5.25 465%
Open Text OTEXF $12.06 -10% -$1.31 75%
@Home Network * ATHM $22.63 -10% -$2.50 115%
Mindspring MSPG $28.75 -14% -$4.88 369%
CNET CNWK $24.63 -17% -$4.88 -15%
Netscape NSCP $19.00 -22% -$5.38 -67%
TOTAL   812.88 -0.4% 5.51 48%
SIMPLE AVERAGE   23.23 -0.4% 0.16 48%
           
Red or bold = new stock for ISDEX '98