RealTime IT News

ISDEX Finds Splits & Ratings Boost Value

  3/18/99 % change point change
ISDEX 518.98 1.8% 8.94
NASDAQ 2,462.96 1.4% 33.99
DJIA 9,997.62 1.2% 118.21

  • CMGI (NASDAQ:CMGI) announces a 2-for-1 stock split, sending shares of the Internet investment firm up 5% to $184.8125.

  • Egghead.com (NASDAQ:EGGS) shares jump nearly 30% to close at $21.875 per share after Piper Jaffray put out a strong buy and price target of $28 on the nerdtailer.

  • iVillage (NASDAQ:IVIL) prices its IPO at the top of an already high range: $28 per share. An indicator of the strong demand in the women's network despite the glut of IPOs in the wings.

  • 24/7 (NASDAQ:TFSM) pops 30% to $40 per share today on yesterday's news of it teaming with NBC for cross marketing.

  • Barnes & Noble (NYSE:BKS) plans to finally spin out 20% of its Web effort to raise cash to try and compete with Amazon.com (NASDAQ:AMZN). Problem that I see is Amazon has about 10x more cash.