dcsimg
RealTime IT News

Outpaces The Dow: ISDEX Up Again As Net Stocks Zoom

Forget that pink bunny that keeps going and going and going. ISDEX seems to have had its share of high-energy this past week as the leading pure play index of Internet stocks beat the Dow, NASDAQ, and S&P, no small rabbit and hat trick in a market ruled by blue chip bulls.

Since the start of the year ISDEX is up about 50% and up an incredible 120% since last April when it hovered at an all-time low. That's when you could have picked up a handful of search stocks for under $15 each, some under $10. That's also when the "push" mania erupted and the search engines looked like toast.

We're partly convinced that search may always be relevant based on the fact that people's needs fluctuate and that push may not always deliver what you want.

We're also convinced, however, that inside the corporation broadcast (push via another name) of data and information may be larger than employee hunt and peck via search sites.

That's because corporate bandwidth is expensive and it will be managed as an investment, not a gee whiz surfing experience. In late '98 and early '99, broadcast servers may emerge again and rule intranets henceforth.

So is search dead? No. Consumers may always want a window seat on the Web. Expect more divergence here between business intranets and the consumer Internet.

Our latest tally of moved, shaken, or all shook up:

ISDEX March 17 - 24:

ISDEX ®   24-Mar-98 % change Point change % change
Internet Stock Index   close from from from
www.isdex.com     17-Mar-98 17-Mar-98 31-Dec-97
ISDEX Geometric Average   149.23 2.6% 3.80 49.4%
ISDEX Price Wtd. Composite   1,489.94 3.1% 45.06 34.6%
NASDAQ   1,812.44 1.9% 33.14 15.4%
DJIA   8,904.44 1.8% 154.45 12.6%
(sorted by percent gains)          
Cyberguard CYBG $11.44 33% $2.81 103%
Axent AXNT $27.78 22% $5.00 61%
N2K NTKI $29.38 20% $4.94 101%
RealNetworks RNWK $22.44 20% $3.69 62%
Mindspring MSPG $67.19 17% $9.63 100%
PairGain PAIR $22.25 10% $2.00 15%
IDT Corp IDTC $37.19 10% $3.25 84%
Sportsline USA SPLN $29.03 9% $2.50 170%
PSINet PSIX $10.69 8% $0.81 109%
E*TRADE EGRP $24.06 8% $1.81 5%
Security Dynamics SDTI $41.25 7% $2.81 15%
CheckPoint Software CHKPF $44.38 6% $2.63 9%
America Online AOL $67.88 6% $3.88 50%
Network Solutions NSOL $29.13 6% $1.63 122%
Amazon.Com AMZN $84.25 5% $4.38 -7%
CDnow CDNW $24.97 5% $1.28 56%
Versant Object Technologies VSNT $8.00 5% $0.38 -42%
CMG Info CMGI $57.63 4% $2.44 90%
USWeb USWB $22.41 4% $0.91 139%
Lycos LCOS $42.25 4% $1.63 2%
Intuit INTU $46.84 4% $1.72 14%
Yahoo! YHOO $86.81 4% $2.97 25%
Earthlink Network ELNK $54.00 3% $1.50 110%
Onsale ONSL $32.25 2% $0.63 79%
Secure Computing SCUR $14.13 1% $0.19 20%
Excite XCIT $49.59 0% $0.22 65%
Verisign VRSN $44.50 0% $0.16 218%
Infoseek SEEK $18.50 0% $0.06 72%
Open Market OMKT $18.97 0% $0.06 97%
VocalTec VOCLF $20.50 0% $0.00 0%
CNET CNWK $32.97 0% -$0.03 12%
WavePhore WAVO $9.69 0% -$0.03 3%
Cylink CYLK $13.50 0% -$0.06 38%
Netscape NSCP $19.13 -1% -$0.13 -22%
Concentric CNCX $18.63 -1% -$0.13 110%
Spyglass SPYG $8.44 -1% -$0.06 71%
Broadvision BVSN $16.75 -1% -$0.13 158%
Open Text OTEXF $19.63 -2% -$0.50 47%
Metricom MCOM $9.44 -3% -$0.25 -2%
Broadband Technologies BBTK $7.69 -3% -$0.25 86%
Security First Net Bank SFNB $9.13 -4% -$0.38 26%
NewsEdge NEWZ $12.75 -5% -$0.63 -5%
CheckFree CKFR $22.75 -5% -$1.19 -16%
Mecklermedia MECK $23.50 -6% -$1.38 -6%
Egghead.com EGGS $10.25 -7% -$0.75 58%
@Home Network ATHM $32.94 -7% -$2.50 -45%
Network Associates NETA $64.63 -8% -$5.56 22%
Doubleclick DCLK $31.94 -9% -$3.06 88%
CyberCash CYCH $16.25 -9% -$1.63 28%
CKS Group CKSG $20.31 -12% -$2.69 44%
TOTAL   1,489.94 3% 44.56 35%
SIMPLE AVERAGE   29.80 3% 0.89 35%

  • 03.24.98: Network Associates (NASDAQ:NETA) agrees to acquire automated help desk and asset management firm Magic Solutions for $110 million cash. NETA plans on taking $90 million charge for the deal.

  • 03.20.98: Infoseek (NASDAQ:SEEK) goes German with a deal with Deutsche Telekom Online Service, Europe's largest Internet access provider; Axel Springer Verlag, Germany's largest consumer media company; and Holtzbrinck, Germany's premier publisher across all media, specializing in business news and information. Infoseek will be the search front end.

  • 03.20.98: PSINet (NASDAQ:PSIX) wants to sell debt to pay down debt and for general working capital purposes. The business ISP's stock hasn't enjoyed the run that consumer ISPs have had this year. This is ironic because business access accounts are lower in churn and higher in revenue and margin.

  • 03.19.98: AOL (NYSE:AOL) will receive a minimum $21 million from Software.net to allow it to sell software on AOL and AOL.com. AOL also invests $2 million for a small piece of equity in the firm and will receive ad split revenue after a certain threshold. Software delivery is via download and shrink wrap.

  • 03.19.98: SportsLine USA (NASDAQ:SPLN) files to sell 4 million shares of its common stock, 2.3 million from SportsLine and 1.7 million from shareholders. Underwriters: BancAmerica Robertson Stephens, NationsBanc Montgomery Securities, PaineWebber, and Salomon Smith Barney. Sportsline cashes up for the Web sports content wars.

  • 03.18.98: CKS Group (NASDAQ:CKSG) posts $32.2 million revenue for its first quarter of fiscal 1998, up 32%. Net income falls 41% to $1.1 million, loss of $0.07 per share vs. $0.12 per share. Our short take, CKS seems to have stymied itself in analog interpretations of how to do business on the Internet, which is a digital domain.



  • ×
    We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.