RealTime IT News

Internet Market Close Report for 1998.09.15

  15-Sep-98 point change % change
ISDEX 94.34 -1.48 -1.54%
ISDEX price weighted 1,249.13 -15.38 -1.22%
NASDAQ 1,678.15 12.46 0.75%
DJIA 8,024.39 79.04 0.99%

  • CKS Group (NASDAQ:CKSG) starts to find believers closing the gap between its trading range and the pending offer of $21.21 per share stock swap from USWeb (NASDAQ:USWB). The overall deal value was set at $350 million when announced two weeks ago, with both stocks trading south since then and recovering ground in the past few sessions. We agree that the double up may create a stronger player in the field, but advocate the name stay as USWeb, not Reinvent. Toby (USWeb president) perhaps you could do a poll of your clients and Web users, see what they think on the name. CKSG ends today up 23% to $14.50 per share. USWB closes at $11.25, up 17%.

  • Netscape (NASDAQ:NSCP) co-founder Marc Andreessen may have sold 200,000 shares September 3 valued at $4.3 million, according to SEC filings.

  • Vocaltec (NASDAQ:VOCLF) will be part of a pilot project with Israeli-based Bezeq International which provides international telephony services. The service will provide phone-to-phone telephone calls using the Internet. VOCLF shares gain 8% to $8.81 per share on the news.

  • Rumor has Intel considering acquiring 3COM. To post your own Internet stock rumor see Whispers & Rumors.


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