RealTime IT News

Internet Market Close Report for 1999.02.04

Where goes chips so goes Internet. At least that's some of the banging Internet stocks get today as semi-conductor stocks are downgraded. ISDEX falls 4.5% while NASDAQ loses 3.3%. Pundits equate softer chip sales with softer PC sales with softer Internet growth.

We disagree. If anything we think Internet companies lead the pack, the PC in tow. Cheaper PCs means more sold. And anyone buying a PC today does so for one major reason: Internet access.

Today's snapshot:

  04-Feb-99 % change point change
ISDEX 350.59 -4.55% -16.70
NASDAQ 2,410.07 -3.34% -83.34
DJIA 9,304.50 -0.67% -62.31

E*TRADE (NASDAQ:EGRP) service is hit again with bugs that interrupt
trading. This is the second day that E*TRADE has experienced problems. If
these continue we will remove EGRP from out February HotWatch list in favor
of another Web-based broker. However, we also remember when AOL experienced
growing pains and it came through it. The trouble of success. 1 in 7 trades
occurs on the Web now.

Open Market (NASDAQ:OMKT) reports $16 million fourth-quarter
revenue vs. $18 million 4Q97. Loss widens, $6.4 million vs. $3 million.
Full-year 1998 revenue is $62.1 million vs. $62.3 million. Product sales
drop while service sales rise. 1998 loss hits $34.9 million vs. $58 million
loss for 1997.

RealNetworks (NASDAQ:RNWK) continues its agreement with the NBA to
broadcast games on the Internet through Real's Real Broadcast Network. We
think the broadcast side of Real is vastly underappreciated.