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RealTime IT News

Internet Market Close Report for 1998.07.29

  28-Jul-98 point change % change
ISDEX 140.97 -5.87 -4.00%
NASDAQ 1,881.49 -15.04 -0.79%
DJIA 8,914.96 -19.82 -0.22%

  • ISS Group (NASDAQ:ISSX) reports second-quarter revenue of $7.3 million, up 175% vs. 2Q97. Net loss is $1.083 million or $0.06 per share 2Q98. Internet Security Systems, a unit of ISS Group, inked deals with Microsoft, Lucent and Perot Systems among others in 2Q. We think the security sector fragmentation favors no vendors but could favor a suite provider. These firms should think like customers and not developers. Customers want a one-stop vendor for security solutions.

  • Sportsline (NASDAQ:SPLN) aggregates college sports content Web sites in its FANSonly Network. A move to be a network collector. Sports portal.

  • Yahoo! (NASDAQ:YHOO) and its part owner Softbank invest $3 million in Impulse! Buy Network which blips out goods and services to consumers over the Internet in real time. With its Viaweb and this investment Yahoo as commerce platform is emerging in our opinion.

    But we wonder when any firm that goes this large bumps into Bill's brigade. We think Microsoft sees the desktop platform giving way to the network platform. As we said more than 18 months ago: the Internet is the operating system. Web, not Windows. Service, not apps.

  • NewsEdge NASDAQ:NEWZ) posts $19.2 million compared to total revenue of $19.5 million during the same period a year earlier. Without discontinued operational revenue (ClairiNet spin off) the results show 10% increase to $17.9 million. Net loss is $1.5 million, or a loss of $0.09 per share, vs. $5.7 million, or a loss of $0.34 per share 2Q97. The loss before merger, disposition and other charges for 2Q98 reaches $2.1 million, vs. a loss of $3.4 million for the 1Q98.


    Internet Investment Symposium '98 @ Fall Internet World!

    Book now! New York City, Oct. 8-9 as Steve Harmon talks investments with some of the top names in the industry...CEOs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, and 3 of the top Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!"