ISDEX Adds iVillage to Internet Stock Index
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ISDEX adds iVillage (NASDAQ:IVIL) effective immediately to replace Netscape, which merged with AOL (NYSE:AOL). In addition, a 2-for-1 stock split by Network Solutions (NASDAQ:NSOL) is effective today. The urge to merge drove up ISDEX the first quarter of 1998 but the IPO market has taken center stage for the time being. Today's snapshot:
The strength of MINE is it uses real people to filter the best of the Web. The drawback is that real people can only rate so many Web sites givn the time limits of 24/7. Contrast that to spiders which index whole Web sites in seconds or minutes. I see MiningCo's value being its focus on mining out deals on the Web and more value-added content and commerce, if it goes that way. Either way I see the top 25 Web sites consolidating in some fashion.