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.

    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