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RealTime IT News

Internet Market Close Report for 1998.06.05

05-Jun-98

point change

% change

ISDEX

132.50

1.88

1.44%

ISDEX Price Wtd.

1,344.19

29.09

2.21%

NASDAQ

1,782.92

12.97

0.73%

DJIA

9,037.71

167.15

1.88%

  • CMG Info (NASDAQ:CMGI) pops back up today with a 14% gain to $39 per share after one of its portfolio investments, Engage Technologies, announces reaching 12 million Web user profiles. Another CMG investment, Lycos (NASDAQ:LCOS) prices its 2.25 million share offer at $50.00 per share. CMG, which owns 42% of LCOS, is selling 250,000 in that offer.

  • Network Solutions (NASDAQ:NSOL) soars 21% to $39.25 per share after a White House recommendation regarding domain name policy continues in the debate and wait stage. We said numerous times in Internet Stock Report that momentum and inertia work in NSOL's favor - and so they have.

  • Vocaltec (NASDAQ:VOCLF) gets the call from Digital to ally in a sweeping IP telephony pact that puts Digital's 2,600 strong telecom staff into the effort. Terms undisclosed. Months ago we spoke with Vocaltec's CEO he said the firm was focusing on the "gateway" area of IP communications. Translation: the gateway is the heart of the network, the sweet spot that makes it all work. We expect intranets to adopt calling functionality and this product looks like it fits that bill. Digital is one of the largest telecom system integrators.


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