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RealTime IT News

Internet Market Close Report for 1998.05.13

  13-May-98 % change point change
ISDEX 157.24 1.58% 2.45
ISDEX Price Wtd. 1,616.50 2.63% 41.38
NASDAQ 1,866.18 0.32% 6.02
DJIA 9,211.84 0.55% 50.07

  • USWeb NASDAQ:USWB) agrees to acquire Gray Peak Technologies (GPT) in a stock deal valued between $80 million to $100 million. The GPT acquisition will allow USWeb to offer more network integration, network security, and voice over IP. We think intranets will increasingly use the Web protocols for a range of network-based communications and distribution. As such, this positions USWeb as a better solution provider.

  • Open Market (NASDAQ:OMKT), which makes Web commerce software, inks a strategic alliance with PLATINUM technology (NASDAQ:PLAT), a software and service provider for global firms. The deal extends Open Market's leading commerce software into Information Technology or IT departments that PLATINUM sells into.

  • E*TRADE (NASDAQ:EGRP) signs an exclusive deal with Sportline (NASDAQ:SPLN) to be the trading service on the sports content site's business and finance area. Terms undisclosed.