RealTime IT News

Internet Market Close Report for 1998.05.21

  20-May-98 point change % change
ISDEX 148.24 -1.69 -1.13%
ISDEX Price Wtd. 1,531.16 -18.53 -1.20%
NASDAQ 1,831.75 -14.12 -0.76%
DJIA 9,171.48 116.83 1.29%

  • Market Guide (NASDAQ:MARG), a financial information provider on the Internet, now provides AltaVista Search Services new Finance Zone with a feed and screening tool. We think AltaVista is playing catch up in the destination space as its rivals have all become channels and online services. Digital/Compaq should perhaps spin this out via IPO like Digital planned to long ago and use the working capital that results to find a niche for this powerful search service. We estimate AltaVista as a firm could fetch a $325 million valuation in an offering and maybe $35 million working capital.

  • Mecklermedia, (NASDAQ:MECK) reports its Internet World UK Spring '98 trade show (May 11-14th) attendance reaches more than 7,500 Internet industry and business professionals. Internet World UK Spring '98 continues to be the United Kingdom's largest Internet industry trade show.


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