RealTime IT News

Excite Leads: WEBDEX Up 7.6% On Deals

Also, the Web guide site signed an agreement with Schwab and Quicken.com to pump up its investment area. And Excite turned on the lights at its new express shopping service, with an aim to grab a big piece of the holiday shopping frenzy. Taken together, the news puts Excite on track for e-tail and investing.

GeoCities (NASDAQ:GCTY) comes in second this week, with its $31 million agreement to acquire Webring ($29M stock, $2M cash). Webring is what we call a user-perpetuated community based on topics. For example, football fans who want to share links between respective sites and who want to interact among themselves.

We poked over Webring a while ago and think its concept shows promise and fits with GeoCities' community model well. There's still some work to be done on its business model we suspect, however.

Netscape.com (NASDAQ:NSCP) wins the award for most interesting deal of the week: a $95 million stock buy of AtWeb, a Web service aimed at helping small businesses get on and manage Web sites.

That move follows Microsoft's (NASDAQ:MSFT) $250 million stock deal for ad-network for small businesses LinkExchange. Lest anyone forget, small business comprise 90% of all businesses, and there are more than 10 million of them in the U.S. alone. How's this for a possible sleeper off the radar, Go2Net (NASDAQ:GNET) which recently acquired Hypermart, a Web service that hosts small business sites for free. 100,000 of them. It also owns and runs the very popular Silicon Investor message boards.

  • Don't miss our analysis of EarthWeb's amazing IPO debut, click here for a roundup!