Home 
Small Business Welcome Cisco, ebay & Beyond.com ISDEX Adds Three New Stocks
Welcome Cisco, ebay & Beyond.com ISDEX Adds Three New Stocks
Share this Article
Digg
Del.icio.us
Newsvine
MySpace
Reddit
Slashdot
Technorati
Windows Live
YahooBuzz
FriendFeed
Cisco has been on our radar for eons as the leader in networking solutions but as network and Internet become interchangeable (there are no closed systems in the future, everything will be "Internetted"), it now occupies a prominent spot as leading plumber of the continued rollout of the Web.
ebay takes honors as pioneering a new e-commerce model that puts people together for personal auctions and gets out of the way as easy as possible, which is easier said than done. Proof that we see new ideas that can compete with the AOLs, Amazons and Yahoos of the world.
Beyond.com wins the rhyme award for changing its name from the generic "Software.net," although we're still trying to figure out what "beyond" it refers to (maybe they just wanted a rhyming sound). Beyond.com sells software via the Internet with the slogan "the Software Superstore." We'll see if it can become the leader with the half dozen rivals who say the same thing.
Overall ISDEX value has been adjusted to reflect the change with the benchmark being the same, December 31, 1996 at 100. Also, the computing of ISDEX is now an arithmetic average rather than a geometric average to put it closer to the price volatility and investor's preferred method of tracking it.
We thank you for making it so and continue to look for ways to innovate this space to empower both retail and institutional investor, industry exec and venture capitalist with original analysis and the only index as current as the Internet itself.
Earnings (or lack thereof) drives most of the stocks, as third quarter results start popping out. Who's hot and not October 6 - 13:
| ISDEX ® | 13-Oct-98 | % change | Point change | % change | |
| The Internet Stock Index | close | from | from | from | |
| www.isdex.com | 06-Oct-98 | 06-Oct-98 | 31-Dec-97 | ||
| or from IPO* | |||||
| ISDEX Arithmetic Average | 124.73 | -7.3% | -9.87 | 24.9% | |
| ISDEX Price Wtd. Composite | 1,314.28 | -6.8% | -96.03 | 43.5% | |
| NASDAQ | 1,509.45 | -0.1% | -1.38 | -3.9% | |
| DJIA | 7,938.14 | 2.4% | 187.44 | 0.4% | |
| Exodus* | EXDS | $23.38 | 38% | $6.38 | 56% |
| RealNetworks | RNWK | $33.38 | 37% | $9.00 | 141% |
| Mecklermedia | MECK | $26.63 | 21% | $4.69 | 7% |
| N2K | NTKI | $5.44 | 21% | $0.94 | -63% |
| Network Associates | NETA | $31.25 | 12% | $3.25 | -41% |
| Verisign* | VRSN | $28.38 | 11% | $2.75 | 103% |
| Inktomi* | INKT | $79.25 | 10% | $7.19 | 340% |
| Cisco | CSCO | $50.69 | 10% | $4.50 | 36% |
| Concentric | CNCX | $19.63 | 9% | $1.63 | 121% |
| Broadvision | BVSN | $12.50 | 5% | $0.63 | 92% |
| Broadcom* | BRCM | $67.94 | 4% | $2.44 | 183% |
| Axent | AXNT | $15.44 | 3% | $0.44 | -11% |
| CheckPoint Software | CHKPF | $15.81 | 0% | $0.00 | -61% |
| Earthlink Network | ELNK | $36.25 | -3% | -$1.00 | 182% |
| Security First Technologies | SONE | $12.50 | -4% | -$0.50 | 72% |
| Security Dynamics | SDTI | $8.28 | -4% | -$0.34 | -77% |
| Spyglass | SPYG | $10.69 | -5% | -$0.56 | 116% |
| @Home Network | ATHM | $41.50 | -5% | -$2.25 | 65% |
| America Online | AOL | $92.25 | -6% | -$5.38 | 104% |
| Netscape | NSCP | $17.75 | -7% | -$1.31 | -27% |
| Lycos | LCOS | $27.50 | -9% | -$2.63 | 33% |
| VocalTec | VOCLF | $6.50 | -10% | -$0.75 | -68% |
| CDnow | CDNW | $7.69 | -11% | -$0.94 | -52% |
| Verio* | VRIO | $17.50 | -11% | -$2.25 | -24% |
| CKS Group | CKSG | $12.50 | -12% | -$1.63 | -12% |
| Open Text | OTEXF | $11.25 | -12% | -$1.50 | -16% |
| Yahoo! | YHOO | $109.94 | -12% | -$14.88 | 218% |
| ISS Group* | ISSX | $21.00 | -13% | -$3.00 | -5% |
| Open Market | OMKT | $5.25 | -13% | -$0.75 | -45% |
| CMG Info | CMGI | $41.50 | -13% | -$6.06 | 174% |
| Broadcast.com* | BCST | $37.00 | -13% | -$5.50 | 106% |
| PSINet | PSIX | $11.75 | -15% | -$2.00 | 129% |
| Excite | XCIT | $32.94 | -15% | -$5.75 | 120% |
| Network Solutions | NSOL | $30.75 | -15% | -$5.50 | 134% |
| Amazon.Com | AMZN | $91.38 | -16% | -$16.94 | 203% |
| USWeb | USWB | $8.75 | -17% | -$1.81 | -7% |
| E*TRADE | EGRP | $13.00 | -18% | -$2.81 | -43% |
| Infoseek | SEEK | $19.75 | -18% | -$4.38 | 84% |
| Doubleclick | DCLK | $17.19 | -19% | -$3.94 | 1% |
| Mindspring | MSPG | $27.25 | -19% | -$6.25 | 143% |
| ebay | EBAY | $29.38 | -20% | -$7.13 | 63% |
| GeoCities* | GCTY | $18.31 | -20% | -$4.56 | 8% |
| CNET | CNWK | $34.94 | -20% | -$8.75 | 131% |
| CyberCash | CYCH | $7.13 | -20% | -$1.81 | -44% |
| Beyond.com | BYND | $7.25 | -21% | -$1.88 | -19% |
| Egghead.com | EGGS | $5.13 | -21% | -$1.38 | -21% |
| Onsale | ONSL | $13.50 | -27% | -$4.88 | -25% |
| IDT Corp | IDTC | $13.00 | -31% | -$5.75 | -36% |
| 24/7 Media* | TFSM | $6.38 | -33% | -$3.13 | -54% |
| Sportsline USA | SPLN | $9.13 | -44% | -$7.25 | -15% |
| * change from IPO 1998 | |||||
| TOTAL | 1,314.28 | -7% | -96.03 | 44% | |
| SIMPLE AVERAGE | 26.82 | -7% | -1.96 | 44% |
News behind the moves:
No surprise to us: its $154 million cash and marketable securities implies a $185 million enterprise value. On an annualized basis, that's barely more than 1x revenue, in a world where software trades at 3x to 5x. Potential takeover bait in our view and probably long overdue. Prudential has a "strong buy" on SDTI.
The deal is expected to be completed in November and has been approved by both boards. Penton owns and operate more than 60 trade shows and publishes trade titles. With the acquisition it will have about 100 trade shows with Mecklermedia's stable of Internet World and ISPCON events and Internet World print newspaper.