Fabulous 50: ISDEX Grows To Reflect Dynamic Industry
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In 1994 you could count Internet stocks on one hand and still have three fingers unaccounted for. Four score and dozens of stock offers later, an industry on hyper-growth now has more than 100 stocks in all flavors.
One need only walk the floor of Spring Internet World, going on now at the Los Angeles Convention Center, to see how diverse this industry is becoming. 50,000 to 60,000 people will parade through the convention floor. More than 600 companies are exhibiting the latest Commerce, Content, Entertainment, Services, Hardware, Access and more.
No surprise then that ISDEX, Internet Stock Index, today adds more than a dozen new stocks to its fold, bringing to 50 the number it computes as a daily average, enabling investors to track Internet representative companies on Wall Street.
Check out the new ISDEX, with added stocks shown in bold with shading:
ISDEX: The New Lineup:
|The New ISDEX 50|
|@Home||ATHM||Cable Internet services|
|Amazon||AMZN||E-tailer of books, music, video|
|AOL||AOL||Consumer online services|
|Axent||AXNT||Web security software|
|Broadband Technologies||BBTK||High-speed hardware|
|Broadvision||BVSN||Web marketing software|
|CDnow||CDNW||E-tailer for music|
|CheckPoint Software||CHKPF||Web security software|
|CKS Group||CKSG||Web marketing services|
|CMG Info||CMGI||Internet venture firm|
|CNET||CNWK||Web and cable content|
|Concentric||CNCX||Internet services provider|
|Cyberguard||CYBG||Web security software|
|Cylink||CYLK||Web security software|
|E*Trade||EGRP||Web stock trades|
|Earthlink||ELNK||Internet services provider|
|Egghead||EGGS||E-tailer of software/hardware|
|IDT||IDTC||Internet services, IP telephony provider|
|Mecklermedia||MECK||Internet news, trade shows, conferences|
|Metricom||MCOM||Wireless Internet services|
|Mindspring||MSPG||Internet services provider|
|N2K||NTKI||E-tailer of music|
|Netscape||NSCP||Internet software and services|
|Network Associates||NETA||Internet security software|
|Network Solutions||NSOL||Domain name registrar|
|NewsEdge||NEWZ||Personalized news via Web|
|Open Market||OMKT||Internet commerce software|
|Open Text||OTEXF||Intranet software solutions|
|PairGain||PAIR||High-speed, DSL solutions|
|PSINet||PSIX||Internet services provider|
|RealNetworks||RNWK||Internet streaming media software|
|Secure Computing||SCUR||Internet security software|
|Security Dynamics||SDTI||Internet security software|
|Security First||SFNB||Web banking software|
|Sportsline||SPLN||Web-based sports news|
|Spyglass||SPYG||Web device software|
|USWeb||USWB||Turnkey Web business services|
|Verisign||VRSN||Web Digital ID issuer|
|Versant||VSNT||Object oriented database for Web|
|Vocaltec||VOCLF||IP telephony software|
We're also seeing broadband attempts and solutions emerge, hence the debut of Broadband Technologies and PairGain. Look for 1999 to focus more on these and this sector. Speed is the #1 goal now of many.
With music e-tailer N2K already on ISDEX, the addition of CDnow makes complete sense. Now you can watch both side by side in the horse race for music sales via the Web.
Egghead's bold move to be 100% net, closing down its brick and mortar stores, earned it a place on ISDEX if for nothing more than bravado. Its $57 million in cash makes its claim, so early naysayers should perhaps wait and see. Somebody's got to be the Amazon of software sales here.
IP telephony has a presence already with software maker Vocaltec, but we added IDT, which provides Internet phone calls, to present the other side of the equation. IP long distance is coming. How about 3 cents a minute, guaranteed quality?
Old line Intuit has fresh blood in Web initiatives Quicken.com and mortgage sites. It also Sponsors Excite's finance channel. We expect more moves in this space from Scott Cook, one of the few in software that actually beat Microsoft and still does in finance software.
Metricom is one we've written about before. It has a long way to go before earnings show up in a meaningful way, but Microsoft co-founder and multi-billionaire Paul Allen believes in it, and Metricom has unique services.
Verisign is a recent IPO that wants to be your ID on the Net. There are good inroads so far. Wavephore is more of a behind-the-scenes information blaster that we think could be more important as the Web grows its appetite for professionally-produced news.