RealTime IT News

Internet Market Close Report for 1998.03.11

ISDEX & Market Moves Snapshot

  11-Mar-98 % change point change
ISDEX 144.86 -1.56% -2.30
ISDEX Composite 1,114.97 -2.62% -29.95
NASDAQ 1,756.85 0.48% 8.34
DJIA 8,675.75 0.38% 32.63

  • PSINet (NASDAQ:PSIX) agrees to lease undersea fiber-optic cable from Global Crossing Ltd., which connects the U.S. and Europe. Term: 25 years. Terms: undisclosed. PSI is slowly building a high-speed backbone. Perhaps Wall Street may slowly regain some enthusiasm for PSIX along the way.

  • Netscape (NASDAQ:NSCP) tries to make its Netcenter site "stickier" by adding two new features: discussion and a member profile directory. More evidence of Netscape trying to diversify from being a software-only firm.


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