RealTime IT News

Internet Market Close Report for 1999.02.17

  17-Feb-99 point change % change
ISDEX 275.97 -17.31 -5.90%
NASDAQ 2,260.55 -53.32 -2.30%
DJIA 9,298.63 1.60 0.02%

  • Broadvision (NASDAQ:BVSN) and Cisco (NASDAQ:CSCO) team up to provide companies transaction-enabled, personalized ecommerce sites. We think this is a good move for Broadvision's market reach for growth.

  • CMGI (NASDAQ:CMGI) invests $100 million in a new startup aimed at the burgeoning Internet audio-video market. The firm will be headed by former NBC TV executive Neil Braun. The move reiterates the shift towards more multimedia on the Internet. As it stands we see two stocks in this space, two companies with substantial leads: RealNetworks (NASDAQ:RNWK) and Broadcast.com (NASDAQ:BCST).

  • Mindspring (NASDAQ:MSPG) finalizes its purchase of NETCOM from ICG. ICG keeps the backbone but sells Mindspring NETCOM's U.S. subscriber and customer base. Terms: $245 million ($215 million in cash and $30 million in stock).

  • Earthlink (NASDAQ:ELNK) posts $175 million revenue for 1998, more than double the $80.8 million in 1997. Loss for 1998 is $2.58 per share vs. $1.50 per share in 1997.

    Harmon's HotWatch '99 - the hottest analysis about Internet stocks delivered to your email box each month! Last year's 10 to watch from Steve Harmon was up 300%. Will 1999 be a repeat? More info click here