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RealTime IT News

Internet Market Close Report for 1999.02.18

  18-Feb-99 point change % change
ISDEX 277.24 1.27 0.46%
NASDAQ 2,272.19 11.64 0.52%
DJIA 9,298.63 103.16 1.12%

  • Lycos (NASDAQ:LCOS) may be getting some heat from original Wired founders Louis Rossetto and Jane Metcalfe for its recapitalization that affects Wired Digital, the Web assets acquired by Lycos in a $83 million stock deal announced last year. Founding Wired Digital shareholders are the ones reportedly telling news agencies they're not comfortable with Lycos recap that reduces their positions unfavorably in their view.

  • Privately-held idealab-started GoTo.com search engine filed a lawsuit against Disney-Infoseek's (NASDAQ:SEEK) Go.Com for what it says is a similar logo look -- a traffic light in green and yellow. The last thing either company needs is a legal wrangling over logo types.

  • Privately-held startup Stamps.com raised $30 million from Vulcan Ventures, Inc., and Chase Capital Partners. we spoke with the founders today and found out that the postage market it's targeting -- small businesses -- is a $2.5 billion per month market. This is Stamps.com's 3rd round of financing. It was founded in 1996.


    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