RealTime IT News

Internet Market Close Report for 1998.03.19

ISDEX & Market Moves Snapshot

  19-Mar-98 % change point change
ISDEX 146.76 -0.27% -0.39
ISDEX Price Weighted Composite 1,466.13 -0.49% -7.25
NASDAQ 1,799.98 0.65% 11.70
DJIA 8,803.05 0.32% 27.65

  • AOL (NYSE:AOL) will receive a minimum $21 million from Software.net to allow it to sell software on AOL and AOL.com. AOL also invests $2 million for a small piece of equity in the firm and will receive ad split revenue after a certain threshold. Software delivery is via download and shrink wrap.

  • SportsLine USA (NASDAQ:SPLN) files to sell 4 million shares of its common stock, 2.3 million from SportsLine and 1.7 million from shareholders. Underwriters: BancAmerica Robertson Stephens, NationsBanc Montgomery Securities, PaineWebber and Salomon Smith Barney. Sportsline cashes up for the Web sports content wars.