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RealTime IT News

ISDEX & NASDAQ Show Strong Week

ISDEX shows a 89% run year to date as the first quarter of 1999 draws to an end, easily one of the best quarters ever for Internet stocks as a group. The past week posted respectable gains also. Amazon.com (NASDAQ:AMZN) led the list of ISDEX climbers since March 23 up 38% to $164.6875 per share as the etailer announced auctions for computer gear.

Meanwhile, Concentric Networks (NASDAQ:CNCX) decided on a 2-for-1 stock split that sent investors scurrying to gobble up shares in the ISP, as has been the habit with many Internet splits. CNCX rose 31% to $73.875. Let's see the 50 ISDEX stocks and how they fared:

ISDEX ®   30-Mar-99 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     23-Mar-99 23-Mar-99 31-Dec-98
          or 1999 IPO
ISDEX   543.54 6.2% 31.75 89.6%
NASDAQ   2,480.29 6.8% 157.45 13.1%
DJIA   9,913.26 2.5% 241.43 8.0%
           
Amazon.Com AMZN $164.69 38% $45.31 54%
Concentric CNCX $73.88 31% $17.31 122%
Inktomi INKT $89.50 28% $19.50 38%
Security First Technologies SONE $72.63 22% $13.00 138%
America Online AOL $144.50 19% $23.50 86%
Verisign VRSN $134.63 17% $19.13 128%
iVillage IVIL $93.00 16% $12.75 288%
CheckPoint Software CHKPF $42.50 14% $5.38 -7%
PSINet PSIX $43.81 14% $5.44 110%
Excite XCIT $139.13 14% $17.13 231%
Exodus EXDS $140.19 12% $15.44 118%
CMG Info CMGI $184.00 12% $20.00 246%
GeoCities GCTY $111.00 12% $12.00 230%
@Home Network ATHM $153.00 11% $15.00 106%
Doubleclick DCLK $185.13 11% $18.13 316%
Yahoo! YHOO $172.31 11% $16.81 45%
Security Dynamics SDTI $17.88 10% $1.63 -22%
Cisco CSCO $109.94 10% $9.63 18%
Axent AXNT $32.50 7% $2.06 6%
Infospace.com INSP $81.50 6% $4.50 114%
RealNetworks RNWK $124.00 5% $6.00 246%
Prodigy PRGY $38.94 5% $1.81 160%
Broadcom BRCM $60.75 3% $2.00 1%
E*TRADE EGRP $58.06 3% $1.81 148%
VocalTec VOCLF $11.00 3% $0.31 -2%
24/7 Media TFSM $47.56 3% $1.31 70%
Cyberian Outpost COOL $19.56 3% $0.50 -29%
Lycos LCOS $88.00 2% $1.50 58%
CyberCash CYCH $14.94 2% $0.25 0%
Verio VRIO $46.13 1% $0.63 106%
Broadcast.com BCST $113.38 1% $1.38 196%
Preview Travel PTVL $17.69 1% $0.19 -4%
Open Market OMKT $13.13 1% $0.13 12%
Broadvision BVSN $63.44 1% $0.56 98%
USWeb USWB $42.31 0% $0.19 60%
Xoom.com XMCM $70.13 0% $0.13 113%
Sportsline USA SPLN $47.00 0% $0.00 202%
CNET CNET $94.44 0% -$0.06 267%
Mindspring MSPG $88.06 -1% -$0.94 44%
Network Associates NETA $29.19 -2% -$0.50 -56%
Beyond.com BYND $22.19 -3% -$0.63 7%
Onsale ONSL $33.38 -3% -$1.13 -17%
Infoseek SEEK $76.13 -4% -$2.88 54%
Go2Net GNET $132.00 -5% -$6.38 646%
CDnow CDNW $16.75 -5% -$0.88 -7%
ISS Group ISSX $74.00 -5% -$4.13 35%
Earthlink Network ELNK $60.13 -6% -$3.75 5%
eBay EBAY $137.13 -6% -$9.25 71%
Network Solutions NSOL $106.38 -8% -$9.41 63%
Egghead.com EGGS $18.25 -10% -$2.00 -12%

Notable new shaker is iVillage (NASDAQ:IVIL), the first women's Web stock firm to find the firmament on Wall Street. IVIL found favor after its successful IPO last Friday as investors look for the "next big thing." One stat that interests me is that about half of all Web users are women.

I take that as a positive data point for iVillage if it can execute on the promise. Being cashed up from its IPO helps of course and being first to cash up. Younger women's site iTurf has filed and awaits its IPO.

AOL (NYSE:AOL) benefited from a tout and $215 target price, along with an alliance with Sun for AOL's new Netscape software division.

We're starting to finally see some signs of life in the long dormant and neglected security software space. CheckPoint (NASDAQ:CHKP) and Security Dynamics (NASDAQ:SDTI) both moved up double digits. Security Dynamics opened a European office that signals perhaps new growth in that region while CheckPoint's leading firewall solution won top honors from Secure Computing Magazine.

No such luck for ISS Group (NASDAQ:ISSX) as it lingers near the bottom of the ISDEX this week. Keeping it company are Network Solutions (NASDAQ:NSOL), a recent favorite of some observers but which took a hit on comments made by a shortselling firm about its prospects.

eBay (NASDAQ:EBAY) fell on Amazon moving into the auction arena while Egghead.com (NASDAQ:EGGS) ironically was started as a "strong buy" by Prudential but ended down 10% to $18.25 per share since March 23.

Accolades :

"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