RealTime IT News

The Magnificent 8? ISDEX Adds New Stocks On Leading Edge

ISDEX, The Internet Stock Index, added eight new stocks to the 50-strong basket of industry-representative movers and shakers on Wall Street. How much have they moved? As a group these stocks are up 127% from IPO price, of which many went public only recently.

That beats the 24% pop on a geometric average basis for the entire group of 50 since the year began. ISDEX price weighted showed a 83% rise year to date.

Despite a strong year to date with runs and rollercoasters, only seven of 50 stocks were on the plus side in percent gain since August 18. ISDEX lost 7.6% the past week, with a few stocks making small gains.

Here's the ISDEX sorted by percent gains from August 18 to August 25. Note the new ISDEX stocks are highlighted with an asterisk (or in red).

ISDEX ®   25-Aug-98 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     18-Aug-98 18-Aug-98 31-Dec-97
          or from IPO*
ISDEX Geometric Average   124.04 -7.6% -10.17 24.2%
ISDEX Price Wtd. Composite   1,674.34 -5.2% -92.66 83.1%
NASDAQ   1,798.17 -3.1% -56.95 14.5%
DJIA   8,602.65 -1.3% -112.00 8.8%
           
Spyglass SPYG $14.69 14% $1.75 197%
Lycos LCOS $74.31 9% $6.31 80%
Inktomi* INKT $75.50 7% $5.00 319%
CKS Group CKSG $17.50 6% $1.00 24%
Exodus* EXDS $38.50 4% $1.50 157%
Amazon.Com AMZN $131.63 2% $2.94 337%
Mecklermedia MECK $25.88 1% $0.38 4%
Yahoo! YHOO $97.50 0% $0.25 182%
America Online AOL $110.75 -1% -$0.75 145%
CyberCash CYCH $9.19 -1% -$0.06 -28%
Open Text OTEXF $14.50 -1% -$0.13 8%
Earthlink Network ELNK $43.50 -1% -$0.50 238%
Network Solutions NSOL $35.88 -2% -$0.75 173%
Verisign VRSN $30.75 -2% -$0.75 120%
CNET CNWK $47.00 -5% -$2.25 211%
Mindspring MSPG $40.63 -5% -$2.00 262%
CMG Info CMGI $71.13 -5% -$3.88 370%
Concentric CNCX $22.38 -6% -$1.38 152%
USWeb USWB $18.63 -6% -$1.19 99%
E*TRADE EGRP $25.31 -6% -$1.69 10%
Infoseek SEEK $26.88 -7% -$1.88 150%
CDnow CDNW $12.50 -7% -$0.94 -22%
Onsale ONSL $23.75 -7% -$1.81 32%
Sportsline USA SPLN $25.63 -7% -$2.00 138%
Broadcom* BRCM $66.75 -8% -$5.50 178%
CheckPoint Software CHKPF $24.06 -8% -$2.06 -41%
Cylink CYLK $10.50 -8% -$0.94 8%
@Home Network ATHM $42.97 -9% -$4.34 71%
Broadvision BVSN $21.63 -9% -$2.25 233%
Verio* VRIO $25.13 -9% -$2.63 9%
RealNetworks RNWK $28.50 -10% -$3.06 105%
Security Dynamics SDTI $12.63 -10% -$1.38 -65%
Excite XCIT $40.38 -10% -$4.44 169%
PSINet PSIX $16.75 -10% -$1.94 227%
Broadcast.com* BCST $54.25 -11% -$6.38 201%
Axent AXNT $19.31 -11% -$2.38 12%
GeoCities* GCTY $32.94 -11% -$4.06 94%
N2K NTKI $11.19 -12% -$1.50 -24%
Network Associates NETA $42.00 -12% -$5.88 -21%
Security First Net Bank SFNB $13.50 -13% -$2.00 86%
Netscape NSCP $27.81 -13% -$4.31 14%
Secure Computing SCUR $9.63 -14% -$1.56 -19%
Open Market OMKT $11.06 -15% -$1.94 15%
ISS Group* ISSX $37.56 -15% -$6.75 71%
VocalTec VOCLF $8.00 -17% -$1.63 -61%
Doubleclick DCLK $37.81 -17% -$7.69 122%
24/7 Media* TFSM $12.63 -20% -$3.25 -10%
WavePhore WAVO $8.00 -22% -$2.25 -15%
Egghead.com EGGS $9.50 -24% -$3.00 46%
IDT Corp IDTC $15.38 -32% -$7.38 -24%
* change from IPO 1998          
TOTAL   1,673.72 -5% -93.28 83%
SIMPLE AVERAGE   33.47 -5% -1.87 83%
) 1998 Mecklermedia, all rights reserved. Internet.com

In the "we're a community now" category, Lycos (NASDAQ:LCOS) comes in second in stock gainers, up 9% to $74.31 per share. Helping to fuel that was LCOS 152% jump in revenues for its fiscal year 1998 ending July 31 to $56.1 million.

Net loss before merger charges and amortization hit $0.23 per share vs. a much wider $0.48 loss per share for fiscal 1997. 4Q $0.09 loss per share beats the Street's $0.14 loss per share estimate, prompting Bear Stearns to raise EPS estimates and also bump up target share price to $80 in 12 months.

Among the week's more notable moves and news:

  • 98.08.25: CyberCash (NASDAQ:CYCH) reports more than 7,000 merchants use its payment system with more than 280 merchants signing on every two weeks. The firm says the transactions it processes approach about one million per week, up 150% this year. Merchant sign-ups have echoed that growth, up 180% this year.

  • 98.08.25: Concentric Network (NASDAQ:CNCX) acquires Anawave, a Web hosting provider to small and medium-sized businesses that hosts more than 10,000 Web sites. The buy is Concentric's third Web hosting one this year. Also a rival notable buy in the hosting space was Go2Net's (NASDAQ:GNET) of Hypermart recently.

  • 98.08.25: Mecklermedia (NASDAQ:MECK), producer of this report, acquired its 18th Web site, CyberAtlas.com, a leading source of Internet industry e-commerce, e-advertising, marketing and research analysis. Seller I/PRO began CyberAtlas in 1996. Its awards include PC Magazine's top 100 in 1998.

  • 98.08.21: E*TRADE (NASDAQ:EGRP), completes its announced $400 million sale of common stock to SOFTBANK (Tokyo:9984) which now owns 27.2% of the Web-based investment service. SOFTBANK holds 15.6 million newly issued E*TRADE shares for which it paid $25.56 per share. E*TRADE shares outstanding are 56.5 million now.

  • 98.08.20: USWeb (NASDAQ:USWB) agrees to acquire Metrix Communications which makes workflow and collaboration software based on the Lotus Notes/Domino platform. Terms were not disclosed. We believe USWeb is doing the "embrace and extend" approach to the Internet professional services market.

    For more market making moves and news the past week click here.


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