Internet Market Close Report for 1998.08.10
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|10-Aug-98||point change||% change|
We expect a pop, doubling to perhaps tripling. If it does well then city guide CitySearch, Web etailer Digital River, person to person auctioneer eBay and ad network 24/7 could benefit. 24/7 is a DoubleClick (NASDAQ:DCLK) rival. Behind that the community sites such as theglobe.com (which has filed to go public), Angelfire, XOOM and WhoWhere could also follow the wake if GeoCities goes big.
SFNB's 2Q98 loss includes approximately $2.6 million acquisition-related charges during the fourth quarter 1997. Excluding these charges, the net loss from continuing operations for the second quarter was $5.5 million or $0.51 share compared to $5.5 million or $0.65 in the second quarter 1997. With discontinued operations 2Q98 net loss is $9.0 vs. $6.5 million 2Q97.
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 some of the top Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!"