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ISDEX Gains Slight Past Week But YTD Up 78 Percent

ISDEX dropped 1.4% the past week but compare that against a year to date 79% run for ISDEX. This leading barometer of Internet stocks just added Prodigy (NASDAQ:PRGY) to replace the merged N2K, which joined CDnow (NASDAQ:CDNW) in a game of musical chairs. The duet will focus on music downloads. A little late to that party with MP3 ruling the Web.

24/7 (NASDAQ:TFSM) led ISDEX gainers with 65% pop since March 16 thanks to a deal it inked with NBC to create Web ads for NBC's owned stations in major U.S. markets and up to 100 affiliates. NBC also buys a stake in TFSM, undisclosed.

Let's go to the overall ISDEX numbers:

ISDEX ®   23-Mar-99 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     16-Mar-99 16-Mar-99 31-Dec-98
          or 1999 IPO
ISDEX   511.79 -1.4% -7.07 78.5%
NASDAQ   2,322.84 -4.8% -116.43 5.9%
DJIA   9,671.83 -2.6% -258.64 5.3%
           
24/7 Media TFSM $46.25 65% $18.25 65%
Egghead.com EGGS $20.25 29% $4.50 -3%
Doubleclick DCLK $167.00 28% $36.50 275%
Broadcast.com BCST $112.00 24% $21.50 193%
@Home Network ATHM $138.00 15% $18.50 86%
America Online AOL $121.00 15% $16.06 56%
Excite XCIT $122.00 14% $15.00 190%
Go2Net GNET $138.38 10% $12.38 682%
Xoom.com XMCM $70.00 10% $6.25 112%
Exodus EXDS $124.75 7% $8.50 94%
Netscape NSCP $97.63 4% $3.56 61%
Broadvision BVSN $62.88 3% $1.88 96%
RealNetworks RNWK $118.00 3% $3.00 229%
USWeb USWB $42.13 0% $0.06 60%
Infospace.com INSP $77.00 0% $0.00 102%
CDnow CDNW $17.63 -1% -$0.19 -2%
E*TRADE EGRP $56.25 -1% -$0.63 140%
Security Dynamics SDTI $16.25 -2% -$0.25 -29%
Infoseek SEEK $79.00 -2% -$1.88 60%
CNET CNET $94.50 -3% -$2.44 267%
Prodigy PRGY $37.13 -4% -$1.38 148%
Concentric CNCX $56.56 -4% -$2.13 70%
Open Market OMKT $13.00 -4% -$0.56 11%
VocalTec VOCLF $10.69 -5% -$0.56 -5%
Cisco CSCO $100.31 -5% -$5.69 8%
PSINet PSIX $38.38 -6% -$2.38 84%
Beyond.com BYND $22.81 -6% -$1.56 10%
Verio VRIO $45.50 -7% -$3.19 103%
ISS Group ISSX $78.13 -7% -$6.00 42%
Verisign VRSN $115.50 -7% -$9.00 95%
eBay EBAY $146.38 -7% -$11.44 82%
Inktomi INKT $70.00 -7% -$5.50 8%
Broadcom BRCM $58.75 -7% -$4.63 -3%
CyberCash CYCH $14.69 -8% -$1.31 -2%
CMG Info CMGI $164.00 -9% -$16.75 208%
Axent AXNT $30.44 -9% -$3.19 0%
Mindspring MSPG $89.00 -10% -$9.44 46%
Amazon.Com AMZN $119.38 -11% -$14.44 11%
Cyberian Outpost COOL $19.06 -11% -$2.31 -31%
Yahoo! YHOO $155.50 -11% -$19.38 31%
Network Solutions NSOL $231.56 -12% -$30.44 77%
GeoCities GCTY $99.00 -12% -$13.38 194%
Onsale ONSL $34.50 -12% -$4.88 -14%
Earthlink Network ELNK $63.88 -13% -$9.41 12%
Security First Technologies SONE $59.63 -13% -$8.88 95%
CheckPoint Software CHKPF $37.13 -14% -$5.94 -19%
Sportsline USA SPLN $47.00 -16% -$9.00 202%
Lycos LCOS $86.50 -18% -$19.00 56%
Preview Travel PTVL $17.50 -23% -$5.13 -5%
Network Associates NETA $29.69 -30% -$12.50 -55%

News behind the moves:

  • 99.03.23 - CNET (NASDAQ:CNET) acquires KillerAp, a shopping search engine, for $46.6 million stock. The buy adds to CNET's previous acquisitions aimed at beefing up its commerce services including an auction and shopping site.

  • 99.03.22 - Broadcast.com (NASDAQ:BCST) stock soars 37% to $116.50 per share as rumors that Yahoo (NASDAQ:YHOO) may acquire the multimedia portal surface. I think a deal with wither Yahoo or another large first-generation portal looks like a natural fit. One reason I put BCST on my watch list in March.

  • 99.03.22 - audiohighway.com (NASDAQ:AHWY) inks a deal with Microsoft to provide audio content links to Microsoft's new Web events area, sending AHWY shares up 17% to $12.75 per share on the news.

  • 99.03.19 - Sportsline (NASDAQ:SPLN) looks like it's cashing up for battles ahead with a $150 million worth of 5% convertible subordinated notes due April 1, 2006. The notes convert to SPLN common at $65.125.

  • 99.03.18 - CMGI (NASDAQ:CMGI) announces a 2-for-1 stock split with holders of record May 13, 1999 getting another share. CMGI shares outstanding pro forma will be 93.4 million.

    Sign up now to attend my conference at Spring Internet World in Los Angeles. Capital Connections and Startup Live! Venture Showcase, both Thursday April 15. See events.internet.com now.

    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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