RealTime IT News

Internet Market Close Report for 1998.07.30

  30-Jul-98 point change % change
ISDEX 143.36 2.39 1.70%
NASDAQ 1,919.62 38.13 2.03%
DJIA 9,026.95 111.99 1.26%

  • Network Solutions (NASDAQ:NSOL) posts second-quarter results of $2.46 million net income, or $0.15 per share (diluted) vs. $740,000, or $0.06 per share 2Q97. Revenue jumps 103% to $20.5 million. Driving the increase is a 91% rise in registrations vs. the same period last year. We believe there's a whole lot of ".coms" to be done and NSOL looks to be at the apex of this. Competition may emerge but having the first service mitigates that to some extent.

  • Microsoft co-founder Paul Allen agrees to acquire cable firm Charter Communications for $4.5 billion. Allen invests in many media and telecommunication companies and now appears to be betting that the coaxial cable may be the route to high-speed Internet services. Microsoft also has invested in cable.

    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!"