RealTime IT News

Internet Market Close Report for 1998.03.24

ISDEX & Market Moves Snapshot

  24-Mar-98 % change point change
ISDEX 149.23 2.55% 3.71
ISDEX Price Weighted Composite 1,489.94 2.82% 40.88
NASDAQ 1,812.44 1.11% 19.93
DJIA 8,904.44 1.00% 88.19

  • Network Associates (NASDAQ:NETA) agrees to acquire automated help desk and asset management firm Magic Solutions for $110 million cash. NETA plans on taking $90 million charge for the deal.

  • Delta Three and ITXC will share traffic between their IP telephony networks in a move that could signal a growing "cooperate to grow" industry. Until now IP telephony has been fairly fragmented. ITXC is backed by AT&T and VocalTec (NASDAQ:VOCLF) and run by a former AT&T Worldnet executive.