RealTime IT News

Internet Market Close Report for 1998.02.26

ISDEX & Market Moves Snapshot

  26-Feb-98 % change point change
ISDEX Geometric Average 131.26 1.48% 1.91
ISDEX Price Weighted Composite 1,014.88 2.60% 25.69
NASDAQ 1,777.11 0.60% 10.64
DJIA 8,490.67 0.39% 32.89

  • AOL (NYSE:AOL) gets Bloomberg to provide news on the online service, filling a void left by Dow Jones which left AOL when it began to charge content producers to be on the service and because the Web provided an open outlet for a direct link with readers. Seems Bloomberg has yet to figure out a Web strategy as its PC-type boxes remain the number one way it produces revenue.

  • Egghead (NASDAQ:EGGS) signs up to sell software via Yahoo (NASDAQ:YHOO) as the formerly earth-based software retailer looks for footing in the freefloating ether-space called the Web. Terms undisclosed, although we estimate the deal at $10 million based on comparables. Egghead.com offers consumer and business customers more than 20,000 different products, including computers, peripherals, software, and software downloads.

    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!