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RealTime IT News

Focus Finds Top Gainers

ISDEX closes at 622.18, up 2.55% on focused optimism in Internet stocks. Today's snapshot:

  4/8/99 % change point change
ISDEX 622.18 2.6% 15.47
NASDAQ 2,573.39 1.1% 28.96
DJIA 10,197.70 1.1% 112.39

  • Cisco (NASDAQ:CSCO) breaks out of a buying dry spell and plops $445 million stock on the table for two ATM startups that could bolster its packet technology. The buys are not material to earnings yet.

  • @Home (NASDAQ:ATHM) gets a cash infusion of $20 million from 3Com, Motorola and Cisco to start @Home Solutions, a service for smaller cable operators.

  • Inktomi (NASDAQ:INKT) adds 350 merchants to its shopping search engine service that's used by more than 20 sites. This shopping service could be a threat to Amazon.com (NASDAQ:AMZN) I believe, especially since it has a feature for easy buying. Inktomi to me looks like it's becoming the replacement to the mall concept and the etail concept. Shop bots.