RealTime IT News

Internet Market Close Report for 1998.02.13

ISDEX & Market Moves Snapshot

  13-Feb-98 % change point change
ISDEX Geometric Average 124.02 -0.15% -0.19
ISDEX Price Weighted Composite 959.06 -0.69% -6.63
NASDAQ 1,710.42 -0.23% -3.92
DJIA 8,370.10 0.01% 0.50

  • Earthlink (NASDAQ:ELNK) closes its loss gap and reports record 1997 revenue, up 144% to $79.2 million while its fourth quarter revenue is up 95% to $24 million. EarthLink posts a $29.9 million annual loss for last year and 4Q97 loss of $6.6 million. Net losses per share for 4Q97 and year ending 1997 were $0.59 and $2.99, respectively, vs. 1996 losses per share of $4.50 and $1.17 4Q97.

  • @Home (NASDAQ:ATHM) business access division, @Work, and Cox Communications (NYSE:COX) bundle up for Cox@Work Internet to provide small and medium-sized businesses with high-speed access to the Internet via @Home Network, a hybrid fiber-coax cable based high-speed network. The service is available through Cox in Orange County, San Diego and Phoenix. Maybe @Home should aim more @Work after all? That's where the speed is valued more, at least for now.

    Steve Harmon invites you to meet the movers & shakers of venture capital live in Los Angeles at Spring Internet World's Business Forum, Capital Connections session, Thursday, March 12. Where deals, dollars and decisions come together. click here and SIGN UP NOW, space limited!