RealTime IT News

Internet Market Close Report for 1998.02.23

ISDEX & Market Moves Snapshot

  23-Feb-98 % change point change
ISDEX Geometric Average 129.99 4.88% 6.05
ISDEX Price Weighted Composite 999.66 3.61% 34.84
NASDAQ 1,751.76 1.37% 23.63
DJIA 8,410.20 -0.04% -3.74

  • Trusted Information Systems (NASDAQ:TISX) agrees to be acquired for $300 million stock or 0.323 shares from Network Associates (NASDAQ:NETA). The $20.188 per share offer is a 60% premium to the price of Trusted Information shares, which closed at $12.625 Friday. We predicted consolidation here and think more may come. See ISR, October 10, 1997.

  • RealNetworks (NASDAQ:RNWK) agrees to acquire streaming software toolmaker Vivo for 1.1 million new RealNetworks shares, or $17.1 million based on the average of the last 15 days RNWK trading price. Pro forma the new shares will represent 3.4% of RNWK's 32 million shares outstanding. Real looks to get more distance in the developer side as the threat from Microsoft looms larger.

    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!