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RealTime IT News

Internet Stocks Recover to End Higher

Internet stocks went on a hiccup rollercoaster ride Monday as the ISDEX once again starts the day mixed and closes up.

Today's snapshot:

  01-Mar-99 % change point change
ISDEX 315.94 8.70 2.66%
NASDAQ 2,295.18 7.15 0.31%
DJIA 9,324.78 18.20 0.20%

  • Amazon.com (NASDAQ:AMZN) realizes some return on its 46% stake in startup Drugstore.com. The online phramacy inks a deal with Yahoo to provide its services to the popular portal.

  • CMGI (NASDAQ:CMGI) acquires Web traffic analyzer I/PRO for undisclosed terms. The move adds another layer to CMGI's own portfolio of firms as well as the new startup it invested $100 million in headed by NBC exec Neil Braun.

  • Mindspring (NASDAQ:MSPG) acquires the subscribers of ISP Internet Connection USA for undisclosed terms. Another in a long line of acquisitions as Mindspring rolls up the consumer ISP space.