Rates in line the overall market exhales and starts buying tech and Internet
shares, stocks it sold off on rate increase fears the past few trading
sessions. ISDEX gains 4%, easily outpacing NASDAQ and Dow.
AOL (NYSE:AOL) inks a marketing deal with credit card issuer First
USA that it says could be worth "$500 million" over the next 5 years. We
quote from the company: "The agreement is anticipated to generate up to
$500 million if expected thresholds are met, and contains significant
guaranteed revenue to AOL and significant marketing commitments to First
USA." Sounds impressive but we think a tad bit too much hype. Generate the
$500 million (or a good precentage) and then let us know about it.
|03-Feb-99 ||% change|| point change
|DJIA|| 1.00%|| 92.69
E*TRADE (NASDAQ:EGRP) experiences a software glitch that halts
online stock trades of the service for about 75 minutes today.
N2K (NASDAQ:NTKI) revenue jumps 331% to $17.2 million while
customers also rise, up 60% to 720,000 for 1998. Between CDNow
(NASDAQ:CDNW) and N2K they have about 1.7 million customers. The two music
etailers are merging.