ISDEX: Top & Not Internet Stocks Show Strong Week
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ISDEX is up more in the past week alone than the Dow has done all year. And the 50-strong Internet Stock Index is almost on par in a week with what NASDAQ has done all year. Hoochie mama.
Leader of the pack attack since March 30 is RealNetworks, (NASDAQ:RNWK - news) which ran on the Yahoo-Broadcast.com deal. The logic says if Broadcast.com went who's next? Real has two attractive pieces for a possible buyer: leading streaming software servers/clients with tens of millions of downloads; and 2) one of the largest audio-video sites on the Web.
Note to Steve Case, here's a way to save the investment banker deal fee: I estimate Real's real value could be close to $7 billion. Here's how: the software side at $3 billion and the portal side at $4 billion.
But you know who could be a better buyer, or a hungrier one? Intel. In one swoop it enters the chip-sapping multimedia Internet market and has sexy, cool content. Probably not a buyer though, too conservative of a player.
|ISDEX ®||06-Apr-99||% change|
|The Internet Stock Index||close||from|