Steve Harmon

As news that Yahoo (NASDAQ:YHOO) may announce this morning a $5.7 billion offer for Broadcast.com (NASDAQ:BCST) the item draws to a close a frenzied first quarter for Internet stocks and ISDEX, which jumped 90% year to date. First the Yahoo deal which marks the second time in the quarter that the firm has gone out […]

Today’s snapshot:   31-Mar-99 point change % change ISDEX 546.94 3.40 0.63% NASDAQ 2,461.40 -18.89 -0.76% DJIA 9,786.16 -127.10 -1.28% AXENT (NASDAQ:AXNT) shares lose 25% to $24.0625 per share as the security firm announces a $50 million stock acquisition of UK-based PassGo, which makes products that control access to Webs. While AXNT gets a downgrade […]

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 […]

Profit takers shave the ISDEX as the Internet Stock Index loses 1.95% to 543.54 as the Dow and NASDAQ also drop a few points. Taking center stage is Priceline.com’s IPO which rocketed out of the gate, prices 10 million shares at $16, opens at $85 and closes up 331% at $69. Investors bid PCLN up […]

Internet stocks find running room partly riding a psychological milestone as the Dow closes past 10,000. Future-oriented investors should note that another index also posted record close value, ISDEX ends the trading session at a new high itself–553.73, up 17.25 points. Today’s snapshot:   29-Mar-99 point change % change ISDEX 553.73 17.25 3.22% NASDAQ 2,492.84 […]

For well over a year I’ve said eBay looked overvalued vs. its peers. While being a fan of its huge growth the valuation always seemed ahead of itself. Well after crunching the numbers on the market value per e-customers the data showed eBay registered customers at 308% of the average. And if you think valuation […]

First reader up this week writes: “Steve, I would appreciate your take on Lycos given the flap with the attempted acquisition. It has been at the lower end of your valuation scale in the first place, then the hit after the announcement made it worse. I have seen numbers showing that USA brings not so […]

A research firm predicts that two-thirds of U.S. homes will be online by 2003. Which rings a bell in my mind: that would put Internet usage households at about the same level as cable TV households. Perhaps no coincidence that cable Internet initiatives may be at the heart of this melding of platforms, dial up […]

There are two ways of looking at Internet IPOs: 1) rocketships that you can’t get ahold of and 2) maybe they gain more over time and not just first day moonshots. My analysis of the latter shows that the handful of Internet stocks that squeezed out of the gate earlier this year are up 276% […]

Investors flock back into Internet stocks, sending ISDEX up 5% while the broader market also rises to the occasion. OneMain (NASDAQ:ONEM) sells 8.5 million shares at $22, opens at $38, hits $46.75 high and closes at $39.5625. The rural ISP serves 273,000 subscribers. Today’s snapshot:   3/25/99 % change point change ISDEX 539.89 5.7% 29.28 […]

ISDEX Futures were approved by the SEC and CFTC (the two boards governing futures and investing products) which means investors wanting a way to invest in ISDEX can do so by trading futures contracts at the Kansas City Board of Trade soon. For the uninitiated here’s a nice definition of futures: simply put a futures […]

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: MiningCo (NASDAQ:MINE) […]