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ISDEX Up 68.5% Year To Date

Adjusted for stock splits the ISDEX was up 68.5% this year to March 9 as investors discovered a basktetful of goodies in the leading Internet stock index. Notably, four of the top 10 so far were ones I picked January 6 as ones to watch. Of all ISDEX component stocks and picks, Go2Net (NASDAQ:GNET) led the pack with 380% gains.

Close on its heels was CNET (NASDAQ:CNET) which has made moves to try and be the geek's portal, leveraging its technocentric self into something bigger and better. It helps that CNET holds a few points in Vignette (NASDAQ:VIGN), BuyDirect (acquired by Beyond.com) and SNAP!, the NBC-buy in guide in the making. Regrettably I didn;t pick CNET for '99.

Third on the year to date is CMGI (NASDAQ:CMGI), which was the #1 pick I made for 1999.

Let's take a look at the tally by company since December 31, 1998 (ISDEX adjusted for splits since then):

ISDEX ®   09-Mar-99 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     02-Mar-99 02-Mar-99 31-Dec-98
           
ISDEX   483.15 11.2% 48.47 68.5%
NASDAQ   2,392.94 5.9% 133.91 9.1%
DJIA   9,693.73 4.3% 396.12 5.6%
           
Go2Net GNET $84.88 37% $22.75 380%
CNET CNET $111.19 81% $49.81 332%
CMG Info CMGI $194.44 38% $53.44 265%
Sportsline USA SPLN $50.38 0% -$0.13 224%
GeoCities GCTY $108.38 11% $11.00 222%
Excite XCIT $113.25 4% $4.69 169%
RealNetworks RNWK $92.13 11% $9.00 157%
Doubleclick DCLK $109.25 21% $18.75 146%
Broadcast.com BCST $90.00 0% $0.00 135%
Security First Technologies SONE $67.25 -4% -$2.88 120%
E*TRADE EGRP $49.56 4% $1.88 112%
Verisign VRSN $123.81 30% $28.38 109%
eBay EBAY $166.25 42% $49.19 107%
Xoom.com XMCM $60.25 14% $7.38 83%
Concentric CNCX $60.00 32% $14.56 80%
Lycos LCOS $96.25 6% $5.50 73%
Infospace.com INSP $64.50 11% $6.63 69%
PSINet PSIX $35.13 -5% -$2.00 68%
@Home Network ATHM $122.50 6% $6.94 65%
Verio VRIO $36.56 18% $5.56 63%
Broadvision BVSN $52.00 -6% -$3.06 63%
Network Solutions NSOL $204.94 21% $35.94 57%
Infoseek SEEK $75.31 12% $8.00 53%
Exodus EXDS $98.00 23% $18.00 53%
Mindspring MSPG $91.63 7% $5.75 50%
USWeb USWB $38.69 5% $1.69 47%
Yahoo! YHOO $167.31 9% $14.13 41%
ISS Group ISSX $76.75 31% $18.31 40%
Netscape NSCP $79.50 5% $4.00 31%
Preview Travel PTVL $23.00 8% $1.69 25%
Amazon.Com AMZN $129.94 7% $8.63 21%
America Online AOL $90.13 4% $3.44 16%
Earthlink Network ELNK $65.25 5% $3.25 14%
Inktomi INKT $73.88 20% $12.13 14%
Axent AXNT $34.88 -4% -$1.38 14%
Cisco CSCO $105.31 10% $9.63 13%
Beyond.com BYND $23.50 -10% -$2.63 13%
Open Market OMKT $12.13 -4% -$0.50 4%
Broadcom BRCM $62.00 8% $4.56 3%
Onsale ONSL $40.00 17% $5.94 0%
N2K NTKI $13.00 3% $0.38 0%
VocalTec VOCLF $11.06 -10% -$1.19 -2%
24/7 Media TFSM $27.38 7% $1.69 -2%
CheckPoint Software CHKPF $41.13 12% $4.44 -10%
CDnow CDNW $16.00 0% $0.00 -11%
CyberCash CYCH $12.06 -6% -$0.75 -20%
Security Dynamics SDTI $17.81 6% $0.94 -23%
Network Associates NETA $48.19 7% $3.31 -27%
Egghead.com EGGS $15.00 -4% -$0.69 -28%
Cyberian Outpost COOL $18.69 16% $2.56 -32%

Some news behind the moves, the play-by-play:

  • 99.03.09 - Go2Net (NASDAQ:GNET) gets a "buy" tout from ING with a price target of $100. GNET shares gain 27% to $84.875 per share on the news. GNET was one of my picks for 1999 made back at the start of the year.

  • 99.03.08 - Broadcom (NASDAQ:BRCM), which has taken a beating the past few weeks, rallies today on buy recommendations from several investment houses. We dropped it from our '99 list, but also think it could represent a great target for any large firm serious about networking. I've already mentioned IBM, Cisco, Motorola look like natural buyers. Even without, Broadcom holds the marketshare leader position in cable and DSL chips.

  • 99.03.05 - Infospace.com (NASDAQ:INSP) launches InfospaceCanada.com to expand its operations into the Great White North. Company sees a 6-plus-million Web user market in Canada.

  • 99.03.04 - Verio (NASDAQ:VRIO) inks a deal with AOL (NYSE:AOL) for business hosting. Verio agrees to pay AOL more than $40 million to jumpstart the arrangement for a piece of the action down the road, via revenue sharing. AOL has its PrimeHost service, but Verio is in the business with more focus. This is one reason we suspect why the deal was done. It also speaks to AOL's potential plans for CompuServe and more importantly, Netscape, one of the few business Web sites with critical mass.

  • 99.03.03 - 24/7 Media (NASDAQ:TFSM) posts strong fourth quarter ending December 31 revenue of $9.6 million, 75% better than the previous quarter. Net loss is $6.7 million, wider than expected. Full-year revenue reaches $19.9 million, up 542% vs. 1997. Loss for the year is $24.7 million vs. $5.3 million loss in 1997.

  • 99.03.03 - @Home (NASDAQ:ATHM) gets an initial "buy" rating from CS First Boston. The firm is just discovering ATHM? I've been a fan since 1996. That accounts for several hundred percentage points gain in ATHM that CS First Boston clients have missed out on by not following our free analysis.
    Subscribe to a monthly heads up on hot Internet stocks by Steve Harmon, last year's watch list was up more than 300% - this year's are on a roar so far with more than 80% gains. Month to month updates. click here -


    Accolades for Internet Stock Report:

    "Fresh and provocative" -CBS Marketwatch, who named Steve Harmon one of the top Internet stock analysts and only independent one honored

    "I am a huge fan of Steve Harmon's analysis" -Kleiner Perkins' John Doerr



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