RealTime IT News

Internet Market Close Report for 1998.02.19

ISDEX & Market Moves Snapshot

  19-Feb-98 % change point change
ISDEX Geometric Average 123.97 -0.37% -0.46
ISDEX Price Weighted Composite 960.72 0.47% 4.47
NASDAQ 1,727.01 0.66% 11.28
DJIA 8,375.58 -0.89% -75.48

  • WorldCom (NASDAQ:WCOM) reports $2 billion fourth quarter revenue, up 62% vs. 4Q96. Earnings hit $136.3 million or $0.15 earnings per common share vs. pro forma loss before non-recurring charges of $47.9 million or $0.05 loss per share 4Q96. For the full year ended December 31, 1997, WorldCom posts revenues up 64% to $7.35 billion and $357.2 million net income, or $0.40 per share, vs. net income before non-recurring charges of $414.9 million, or $1.01 per share for 1996.

    WorldCom highlights its Internet division (which is the formerly publicly-traded UUNET) at $102 million 4Q revenue, up 101%. Full-year Internet revenue reaches $566 million, up 124%. With MCI we think the Internet percentages here could take off beyond the impressive results so far.

  • The Chicago Board Options Exchange (CBOE) begins trading options on Versant Object Technology (NASDAQ:VSNT) on Tuesday, February 24. More awareness for the Web-and-ecommerce driven database firm may be in order here.

  • CDnow (NASDAQ:CDNW) and AOL (NYSE:AOL) hold hands in a exclusive music marketing deal for AOL's Love@AOL area. We'll see how this relationship pays off as e-tailers seek distribution to equal commerce.

    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!