RealTime IT News

Internet Market Close Report for 1998.01.28

ISDEX & Market Moves Snapshot

  28-Jan-98 % change point change
ISDEX Average 107.53 3.09% 3.22
NASDAQ 1,610.82 2.02% 0.92
DJIA 7,915.47 1.28% 0.39

  • WorldCom (NASDAQ:WCOM) files $5 billion debt registration. In case anyone forgot this is the firm in the process of acquiring MCI for more than $37 billion. Once merged it will control more than 50% of current Internet backbone traffic. But high-speed networks may be on the horizon. Cable coaxial. Will acquisitive WorldCom be overleveraged if new wires are needed?