Internet Market Close Report for 1998.01.12
Steve Harmon | January 12, 1998
Page 1 of 1
ISDEX & Market Moves
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. http://www.internetnews.com/stocks/column/9604/960409.html. 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.