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ISDEX Up 12% Internet Stocks Lead Market Gainers

Sex, lies and videotape--nothing like a triple feature to whet Wall Street's interest in Internet stocks again as ISDEX gained 12% the past week, outpacing the flat Dow and NASDAQ.

President Clinton and a few hours of video and a 400-page investigation by Ken Starr posted Web-wide had the indirect benefit of placing the Internet as the platform of the future for news and information dissemination.

The soap opera aside, the Internet as a distribution medium riding side by side with the facts in words and images, provided an unparalleled look at how news and information will likely flow for any major event on the planet from this day forward.

Nightline on at 11 p.m. is like waiting for cement to dry in the new 'instant media' era. CNN is not as relevant as it was when the Gulf War broke and the world tuned in. With 'instant media,' fact and opinion collide, and commerce and content share the same bit rate.

It's raw, unfiltered, unpasteurized media, and skyscrapers and old notions should watch out. The stats:

ISDEX .

22-Sep-98

% change

Point change

The Internet Stock Index

close

from

from

www.isdex.com

15-Sep-98

15-Sep-98

ISDEX Geometric Average

102.64

8.8%

8.30

ISDEX Price Wtd. Composite

1,394.06

11.6%

144.94

NASDAQ

1,697.80

1.2%

19.65

DJIA

7,879.20

-1.8%

-145.19

Broadcast.com*

BCST

$50.88

46%

$16.13

RealNetworks

RNWK

$26.75

36%

$7.13

Exodus*

EXDS

$24.25

35%

$6.25

Sportsline USA

SPLN

$18.25

30%

$4.19

Earthlink Network

ELNK

$41.50

27%

$8.88

Egghead.com

EGGS

$8.25

27%

$1.75

Network Solutions

NSOL

$37.38

26%

$7.75

Yahoo!

YHOO

$102.94

22%

$18.56

Inktomi*

INKT

$72.00

22%

$12.88

Amazon.Com

AMZN

$88.19

21%

$15.25

IDT Corp

IDTC

$22.38

20%

$3.75

Infoseek

SEEK

$22.69

19%

$3.56

Lycos

LCOS

$27.88

18%

$4.31

N2K

NTKI

$10.00

18%

$1.50

@Home Network

ATHM

$40.44

17%

$6.00

Cylink

CYLK

$6.00

17%

$0.88

CMG Info

CMGI

$46.13

15%

$6.13

Secure Computing

SCUR

$9.31

15%

$1.19

Mindspring

MSPG

$37.69

14%

$4.69

WavePhore

WAVO

$6.56

14%

$0.81

Concentric

CNCX

$19.50

10%

$1.84

Open Text

OTEXF

$13.69

10%

$1.19

CKS Group

CKSG

$15.88

9%

$1.38

Excite

XCIT

$28.38

9%

$2.38

America Online

AOL

$106.13

9%

$8.63

GeoCities*

GCTY

$23.50

9%

$1.88

Security Dynamics

SDTI

$11.88

8%

$0.84

Netscape

NSCP

$22.63

6%

$1.38

Broadcom*

BRCM

$76.63

5%

$3.75

USWeb

USWB

$11.81

5%

$0.56

Verisign

VRSN

$26.50

4%

$1.00

PSINet

PSIX

$14.00

2%

$0.31

CNET

CNWK

$36.13

2%

$0.63

CheckPoint Software

CHKPF

$19.63

2%

$0.31

Verio*

VRIO

$20.25

2%

$0.31

Spyglass

SPYG

$12.00

1%

$0.13

Broadvision

BVSN

$18.50

0%

$0.00

Network Associates

NETA

$39.75

-1%

-$0.25

Open Market

OMKT

$10.19

-1%

-$0.13

CDnow

CDNW

$9.00

-3%

-$0.25

CyberCash

CYCH

$8.50

-3%

-$0.25

Mecklermedia

MECK

$21.13

-4%

-$0.88

VocalTec

VOCLF

$8.44

-4%

-$0.38

E*TRADE

EGRP

$18.25

-5%

-$0.88

Doubleclick

DCLK

$18.56

-6%

-$1.19

Security First Net Bank

SFNB

$12.00

-7%

-$0.88

Axent

AXNT

$17.75

-8%

-$1.50

Onsale

ONSL

$17.75

-8%

-$1.50

ISS Group*

ISSX

$25.56

-12%

-$3.44

24/7 Media*

TFSM

$10.75

-13%

-$1.63

* change from IPO 1998

TOTAL

1,357.75

12%

150.00

SIMPLE AVERAGE

28.29

12%

3.13

) 1998 Mecklermedia (NASDAQ:MECK) "The Internet Media Company"

The important point from an investment standpoint is not who or why or what or how or when or how many times, it's the fact that the Internet was the medium that mattered most when the biggest news event of the current administration broke. Coincidentally, the news leak that started it all many months ago was also on the Web, via a rumor columnist posting on AOL.

Nor was it surprising then that the folks that brought the video to more than 1 million eyeballs, Broadcast.com (NASDAQ:BCST), basked in the limelight with a 46% run to $50.88 per share since September 15.

Never mind that the "video" quality on the Internet was about as clear as watching a TV from 300 meters away underwater while hurricane Georges dropped in for a swirl fest and a warped soundtrack played.

The second biggest ISDEX gainer was RealNetworks (NASDAQ:RNWK), the leader in streaming media software (the "TV" of the Internet). RNWK was up 36% to $26.75 per share.

Forget the fact that Media Metrix reported only 25% of all PC users have the necessary PCs to watch videos on a computer or that old-fashioned TV provided a superior product as a video medium, or that workers (who comprise a large part of Net users) can't watch a four-hour video on a PC.

All criticisms aside, the above two stocks more than any other, gave investors a chance to bet on the future of the Internet in its ever-evolving nature to be the chameleon of all media, and perhaps "king of all media."

Others who rode the tide include Amazon.com (NASDAQ:AMZN), which began taking pre-orders of the video; Inktomi (NASDAQ:INKT), whose cache network software was in place at AOL, Microsoft and other sites and makes delivering popular files easy and quicker. Also included are the search and guide stocks Yahoo (NASDAQ:YHOO), Netscape (NASDAQ:NSCP), Excite (NASDAQ:XCIT), Lycos (NASDAQ:LCOS), Infoseek (NASDAQ:SEEK).


For a daily play-by-play of all the news and moves during the past week please see Archives of Morning Report and Market Close, as well as the daily real-time news at InternetNews.com.


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