RealTime IT News

Internet Market Close Report for 1998.08.18

  18-Aug-98 point change % change
ISDEX 134.21 4.01 3.08%
NASDAQ 1,855.12 37.08 2.04%
DJIA 8,714.65 139.80 1.63%

  • Netscape (NASDAQ:NSCP) reports $88,000 net income for its fiscal third quarter ending July 31 when a $0.02 loss was expected (First Call). Revenue jumps 18% to $150.2 million vs. second quarter. Netscape's Web site Netcenter revenues climb 24% to $38.7 million, putting it ahead of most of the top 10 Web sites in the world in terms of revenue generation.

    It looks as if Netscape's Web division may be on the path to outdistancing scores of rivals. Our number crunching shows Netscape with $145 million working capital also, a sizable amount in the Web site wars, depending on how much allocates to Netcenter and how much to Netscape's considerable software side.

  • Mecklermedia (NASDAQ:MECK) Internet World Australia '98 trade show August 11-13 breaks attendance records with 13,705 attendees at the Sydney Convention & Exhibition Centre. More than 70 exhibitors and 80 conference sessions.

  • AOL (NYSE:AOL), the world's largest ISP, will buy Cisco (NASDAQ:CSCO) gigabit switch routers to improve AOL network preformance, long a sore point for users tired of busy signals. Cisco routers command 85% marketshare.

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