RealTime IT News

Internet Market Close Report for 1998.03.27

ISDEX & Market Moves Snapshot

  27-Mar-98 % change point change
ISDEX 150.98 1.03% 1.54
ISDEX Price Weighted Composite 1,506.56 1.17% 17.47
NASDAQ 1,823.62 -0.27% -4.92
DJIA 8,796.08 -0.57% -50.81

  • CBS MarketWatch is rumored to be considering an IPO, according to Reuters. The financial Web site reports about 2 million page views a day and $7 million annual revenues forecast for 1998. Kissing cousin Sportsline USA went public at about the same revenue rate. We think MarketWatch, however, may be a little early at this point.

  • RealNetworks (NASDAQ:RNWK) jumps 18% to $29 on no news but we highlight RNWK today in Internet Stock Report as one stock to watch for '98. The firm leads the Web in audio software servers and players. Could be that Wall Street finally 'listened.'