RealTime IT News

Internet Market Close Report for 1998.12.04

  04-Dec-98 point change % change
ISDEX 216.31 2.95 1.38%
NASDAQ 2,003.16 48.83 2.50%
DJIA 9,016.14 136.46 1.54%

  • uBid (NASDAQ:UBID), a Web auction service, jumps 220% from its $15 IPO price, closing at $48 per share. UBID climbed as high as $60.25 per share on its 1.58 million offer through Merrill Lynch, UBID opens at $40 and loses some ground to $34.125 per share in early trading before closing above its open.

  • Vignette is back at the IPO plate in an effort to raise as much as $30 million through underwriter Morgan Stanley Dean Witter, following Vignette's cancellation of its IPO plans six weeks ago. Vignette makes StoryServer software, a Web content management package used by more than 40 companies including Lands End, Hewlett-Packard, National Semiconductor, Bay Networks, ZDNet, CNET and Internet.com (producer of this report).

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