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RealTime IT News

Internet Market Close Report for 1998.02.18

ISDEX & Market Moves Snapshot

  18-Feb-98 % change point change
ISDEX Geometric Average 124.43 0.33% 0.41
ISDEX Price Weighted Composite 956.25 -0.29% -2.81
NASDAQ 1,715.73 0.31% 5.31
DJIA 8,451.06 0.97% 80.96

  • ForeFront (NASDAQ:FFGI) reports $837K positive earnings, or $0.10 EPS diluted, on $5.4 million revenue for fourth quarter ended Dec. 31, 1997. Annual revenue reaches $18.4 million with $4.1 million loss. The move to training may be paying off.

  • Vocaltec (NASDAQ:VOCLF) gets a "buy" rating from investment house Raymond James, which starts coverage of the IP telephony software maker. We see a possible late 1998 or early 1999 heating up in the IP space which VOCLF could perhaps be part of.

  • Amazon.com (NASDAQ:AMZN) says its Associates Program surpasses 30,000 member Web sites, double that of six months ago. The formula for hyper growth lies in the biological nature of the Internet. Open the valve and get out of the way is the watchword for commerce.

  • N2K (NASDAQ:NTKI), which sells music via the Web, posts 1997 revenues of $11.3 million vs. $1.7 million for 1996. Net losses for 1997 reach $28.7 million or $5.88 per share vs. net losses of $19 million or $6.85 per share for 1996. Fourth quarter ended December 31, 1997, is $4.8 million vs. $679K 4Q96 with net loss of $13.2 million, or $1.26 per share, vs. a net loss of $6.5 million or $2.21 per share 4Q96. In the $15 billion music industry this is still a rounding error. Yet we think 5% of music could be sold via the Web within two years. $1.5 billion up for grabs. CDnow (NASDAQ:CDNW) is also cued up for this market. See Internet Stock Report tomorrow for our analysis of these two firms.


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