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. 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.