RealTime IT News

Internet Market Close Report for 1998.09.14

  14-Sep-98 point change % change
ISDEX 95.82 2.04 2.18%
ISDEX price weighted 1,264.50 23.66 1.91%
NASDAQ 1,665.69 24.05 1.46%
DJIA 7,945.35 149.85 1.92%

  • Yahoo (NASDAQ:YHOO) and Softbank invest $25 million in e-loan, a privately-held service that lets potential borrowers apply for loans via the Web. The deal signals an increased role by Yahoo as investor in firms that use its platform. related news, Yahoo-MCI's team up for Yahoo Online is scrapped as Cable & Wireless acquires MCI's Net access business. The break gives Yahoo a chance to evaluate whether to partner again or acquire. We think acquisition is attractive for one reason: $19.95 per user per month may be the best revenue stream any Internet company has yet come up with. Recurring, constant, basic revenue. And dial up providers are increasingly eyeing the destination space anyway. If it partners we think Yahoo may want a piece of that monthly flow.

  • CyberGuard (NASDAQ:CYBG) sells off a part of itself that increasingly was not part of the core offering, its Galaxy search engine. Deal: $2 million. Buyer: America's Health Network (AHN), a provider of 24-hour health and medical information on cable and the Internet. Galaxy was a somewhat dated site in our opinion, especially in a world of dozens of guides and Web crawling, indexing meta players such as Inktomi (NASDAQ:INKT).

  • Mindspring (NASDAQ:MSPG) acquires DirectNet in Los Angeles, an ISP with 1,200 subscribers. Last time out MSPG paid about $200 per account. If so, while the terms for DirectNet are not disclosed we estimate under $1 million.

  • ONSALE (NASDAQ:ONSL) cuts a deal with Yahoo to fuel Yahoo Auctions, an eBay rival. A nice move for ONSALE to get the distribution channel for growth before rivals do. One such competitor, eBay, has filed to go public but lacks the cash to do these size deals today. Against that backdrop, ONSALE and another auction site run by Egghead (NASDAQ:EGGS) may want to get more aggressive on buying real estate on the Web.

    The place to be! Sign up now, Internet Investment Symposium '98 @ Fall Internet World!

    The Internet investment conference of the year! 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!"



    LaunchPad Pavilion, part of Fall Internet World '98, the world's largest Internet industry trade show held Oct 5 - 9, offers exhibit space for startups ONLY at a reduced price in order to meet their often limited capital available at the startup stage. It is Mecklermedia's way of letting the newbies get their voice heard. If you or a friend is at a Internet startup and want to exhibit at Fall Internet World (expected attendance is more than 50,000) in New York City's Javits Center then contact Reed Bocchino 203-341-2826 or email: mailto:rbocchino@mecklermedia.com


    Internet Investment Symposium '98 @ Fall Internet World!

    The Internet investment event of the year! 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!"