Steve Harmon

First reader up this week writes: “Dear Steve, I understand that ATHM is paying 1.04 shares for each XCIT share when the deal is completed. I’m trying to take advantage on the existing spread in the market by shorting the ATHM and buying the XCIT, but the spread keeps going wider. Is there any reason […]

ISDEX ends the week at a new record close, 640.61 making many wonder how much higher the group can go. Yahoo’s better-than-expected results may be part of the driving force. Amazon and eBay’s results could further the run if they exceed expectations. Today’s snapshot:   4/9/99 % change point change ISDEX 640.61 3.0% 18.43 NASDAQ […]

Critics of Internet IPOs say they pop and drop. Well, not quite. And fans of those who didn’t get in at the IPO price should take note: IPODEX shows that this group is up 120% from after-IPO lows. This basket ended April 8 20% off all-time highs with MarketWatch (NASDAQ:MKTW – news) off the most […]

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 […]

One-two punch in valuations brings the average value per top 10 Web site user to $356, up 21% since March 24. This first punch was the consolidation parade; the second punch came from renewed enthusiasm for Internet stocks in general. Before we get too far into the Zen of value let’s peel back the table […]

In the Internet space a few key stocks lead the way for the industry on Wall Street. AOL, Amazon, and Yahoo. Today is Yahoo’s day. Yahoo outpaces expected results with its first quarter blowing away analyst targets and shows strong traffic growth. Revenue reaches $86 million vs. $30.5 million 1Q98. Net income is $25.1 million, […]

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 […]

ISDEX finds new highs as investor enthusiasm for the Internet leaves the Dow down and NASDAQ posting slight gains. Today’s snapshot:   06-Apr-99 point change % change ISDEX 617.49 16.62 2.77% NASDAQ 2,563.17 3.11 0.12% DJIA 9,963.49 -43.84 -0.44% CyberCash (NASDAQ:CYCH) raises $5 million in a private placement to market its new InstaBuy Wallet, a […]

Investors looking at iTURF’s pending IPO plans may find the story compelling on several levels but first let’s get through the “generation Y” concept since that’s the center of iTURF’s turf. First of all, I’m always a bit skeptical of any new product or service that borrows heavily from the jargon of the marketing brigade […]

ISDEX shoots to a record high and record close as Internet firms announce deals that lead Wall Street to new highs across the board. Value hunters also begin to believe in the hypothesis that community sites with large traffic and users may represent the next candidates in the consolidation parade. Today’s snapshot:   05-Mar-99 point […]

First reader up this week writes: “Can you identify the rivals to Broadcast.com?” Reply: with Yahoo announcing its $5.6 billion bid for Broadcast.com (NASDAQ:BCST) that’s the question on everyone’s mind. These are a few public companies: RealNetworks (NASDAQ:RNWK), which has run on deal expectations before and now; Audiohighway (NASDAQ:AHWY), a smaller cap play, TCI Music […]

Internet.com’s Internet Stock Index climbed higher Thursdayon Yahoo’s $5.7 billion bid for Broadcast.com, sending shares of both Internet media firms up 6% to 10% respectively. The deal was discounted into both stocks to some extent since YHOO at more than $30 billion market cap was (and is) expected to lead the Internet charge in media. […]