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RealTime IT News

Internet Market Close Report for 1998.07.17

  17-Jul-98 point change % change
ISDEX 168.53 0.42 0.25%
ISDEX Price Wtd. 1,919.38 11.56 0.61%
NASDAQ 2,008.76 43.23 2.20%
DJIA 9,337.97 9.78 0.10%

  • Broadcast.com (NASDAQ:BCST) debuts as the all-time best ever IPO, up 279% from its $18 initial price per share. That was a bump from its target of $13. Click here now and get our analysis of Broadcast.com's chances in this white-hot market.

  • CMG Info (NASDAQ:CMGI) invests $500,000 in Magnitude Network for 19.9% equity and rights to acquire 80.1% later if it chooses. Magnitude provides Webcast services for broadcasters, something that may be getting popular if Broadcast.com's IPO means anything, and we think it does. We're at an inflection pont where the Internet engulfs old media more and more.

    Steve Harmon was named one of the 'Best of Wall Street' by CBS Marketwatch. Steve and other top insiders debate Internet stocks and investment ups and downs, with your Q&A, at

    Internet Stock Report. If your business is the Internet, this no hype, hip shooting analysis is your business. Tell a friend about it! Point them to this Web address!