RealTime IT News

Internet Market Close Report for 1998.08.24

  24-Aug-98 point change % change
ISDEX geo. average 125.56 -1.50 -1.18%
ISDEX composite 1,692.19 -16.13 -0.94%
NASDAQ 1,790.82 -6.79 -0.38%
DJIA 8,566.61 32.96 0.39%

  • Concentric Network (NASDAQ:CNCX) acquires Anawave, a Web hosting provider to small and medium-sized businesses that hosts more than 10,000 Web sites. The buy is Concentric's third Web hosting one this year. Also a rival notable buy in the hosting space was Go2Net's (NASDAQ:GNET) of Hypermart recently.

  • Mecklermedia (NASDAQ:MECK), producer of this report, acquires its 18th Web site, CyberAtlas.com, a leading source of Internet industry e-commerce, e-advertising, marketing and research analysis. Seller I/PRO began CyberAtlas in 1996. Its awards include PC Magazine's top 100 in 1998.

  • Lycos (NASDAQ:LCOS) inks a $2.25 million alliance with iPrint to make it the exclusive print shop on Lycos and Tripod. Lycos takes aim at moving the $78 billion commercial printing space to its users. Web-based print shop services may emerge but it may take awhile--and Kinko's won't stand still here.

    Internet Startup Live! Venture Showcase


    The Internet investment world's mountaintop, got a startup Internet business you want to scream with?

    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!"