dcsimg
RealTime IT News

Internet Market Close Report for 1998.01.26

ISDEX & Market Moves Snapshot

  26-Jan-98 % change point change
ISDEX Average 104.65 -1.78% -1.90
ISDEX Composite 833.09 -2.60% -22.22
NASDAQ 1,561.46 -0.92% -14.47
DJIA 7,712.94 0.16% 12.21

  • Earthlink Network (NASDAQ:ELNK) gets upgraded to "outperform" from "market perform" from Everen Securities which rated the Internet service provider on valuation and short-term attractiveness.

  • Security Dynamics (NASDAQ:SDTI) revenue for 1997 jumps 62% to $135.9 million while net income, not including non-recurring items, increases 79% to $23.0 million ($0.58 per share on a diluted basis). Non-recurring expenses of $7.4 million from merger acquisition costs and purchased technology. The sale of marketable securities offsets charges somewhat and brings net income to $15.6 million ($0.39 per share on a diluted basis).

    Fourth-quarter results are $39.7 million revenue, up 50% vs. 4Q96. Not counting non-recurring items earnings reach $7.1 million ($0.17 per share on a diluted basis) vs. $4.4 million ($0.11 per share on a diluted basis) 4Q96.

    Reported 4Q97 net income is $3.3 million ($0.08 per share on a diluted basis), which includes a one-time charge of $3.0 million ($1.9 million after tax). Now we wait for SDTI to lead some sort of consolidation parade. Check Point Software anyone?



  • ×
    We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.