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RealTime IT News

Internet Market Close Report for 1998.08.19

  19-Aug-98 point change % change
ISDEX geo. average 132.25 -1.96 -1.46%
ISDEX composite 1,486.09 -20.13 -1.34%
NASDAQ 1,842.69 -12.43 -0.67%
DJIA 8,693.28 -21.37 -0.25%

  • Lycos (NASDAQ:LCOS) posts $19 million revenue for its fiscal fourth quarter, up 145% vs. 4Q97. Loss before charges narrower than expected at $0.09 loss per share vs. First Call analyst consensus loss of $0.13 per share. With charges loss reaches $0.32 per share. The fourth-largest Web network, Lycos' revenue was half that of leader Yahoo! (NASDAQ:YHOO). We believe the acquisition of a slew of community sites could boost Lycos' top line if it can extract user value via marketing deals for the increased audience. It's a delicate art as GeoCities has found.

  • AOL (NYSE:AOL) gets an initial "buy" rating from Deutsche Bank.

  • @Home (NASDAQ:ATHM) receives an initial "accumulate" rating from Deutsche Bank and "buy" rating from Barings Furman Selz.

    Internet Startup Live! Venture Showcase

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    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...top execs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, debuts hot startups at Startup Live!, and debates top stocks with the leading Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!"