RealTime IT News

Internet Market Close Report for 1998.01.12

ISDEX & Market Moves Snapshot

  12-Jan-98 % change  point change 
ISDEX Geo. Avg. 96.62  -0.65% -0.63
ISDEX Composite 768.00  0.29% 2.20
NASDAQ 1,507.58  0.29% 4.36
DJIA 7,647.18  0.88% 66.76
ISDEX Geometric Average weights all stocks equally for wide industry benchmarking; ISDEX Composite sums up overall $ changes for group as an investment portfolio index 

  • N2K (NASDAQ:NTKI) rallies on its preliminary 4Q and year-end results with revenue expected of about $4.7 million, up 591% for 4Q, while total year revenues may reach jump 559% to about $11.2 million vs. 1996. The Web-based music reseller has enjoyed success largely through its first to market status and agreements with high-profile Internet/online firms including AOL.

  • Yahoo (NASDAQ:YHOO) is one step closer to taking on AOL...a move we forecast nearly two years ago in the very first Internet Stock Report, April 9, 1996. The latest news has it linking up with Internet backbone heavyweight MCI (NASDAQ:MCIC) in a broad co-marketing and distribution agreement to launch a new co-branded, co-marketed online service, Yahoo! Online, powered by MCI Internet. In addition, Yahoo tops Relevant Knowledge's Web site December ranking with more than 16 million unique monthly users.