RealTime IT News

Internet Market Close Report for 1998.08.25

  25-Aug-98 point change % change
ISDEX geo. average 124.04 -1.52 -1.21%
ISDEX composite 1,674.34 -17.84 -1.05%
NASDAQ 1,798.17 7.35 0.41%
DJIA 8,602.65 36.04 0.42%

  • CyberCash (NASDAQ:CYCH) reports more than 7,000 merchants use its payment system with more than 280 merchants signing on every two weeks. The firm says transactions it process approach about one million per week, up 150% this year. Merchant sign ups have echoed that growth, up 180% this year. The CEO buys $3.5 million shares and private funds have bolstered its cash position. Could CyberCash--finally--be on the threshold of real-world e-commerce payment systems?

  • Privately-held Electronic Newstand gets a $20 million investment from Chicago's Madison Dearborn Partners. EN sells magazines notably through exclusive partnerships with BarnesandNoble.com (NYSE:BKS), Lycos, Cendant's NetMarket and CMG's Planet Direct.

    Last Day To Apply: Aug 25 midnight Pacific time! 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!"