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RealTime IT News

Internet Market Close Report for 1998.01.23

ISDEX & Market Moves Snapshot

  23-Jan-98 % change point change
ISDEX Average 106.55 -0.55% -0.59
ISDEX Composite 855.31 0.00% 0.00
NASDAQ 1,575.93 -0.04% -0.58
DJIA 7,700.74 -0.39% -30.14

  • Infoseek (NASDAQ:SEEK) seeks capital, plans to sell 2.5 million to 3 million shares of common to be used for general corporate purposes, capital expenditures, and working capital. Infoseek posts $34.6 million revenue for 1997, up 129%. Fourth quarter revenue is $12.5 million, a 105% increase while net loss reaches $24.6 million, $0.93 per share annual net loss, 4Q net loss of $4.1 million, $0.15 per share.

  • CheckPoint Software (NASDAQ:CHKPF) exceeds analyst expectations with $82.9 million 1997 revenue vs. $31.9 million for 1996. Net income is $40.2 million for the year or $1.23 per share vs. $15.2 million or $0.29 per share in 1996. Fully-diluted earnings per share are $1.07 for 1997 and $0.43 for 1996.