Steve Harmon

ISDEX rides the market high tide with a 1.45 point gain to 560.54 led by — believe it or not in this long-dormant area — Cyberian Outpost (NASDAQ:COOL) which jumps 13.68% to $13 1/2 per share on consolidation expectation in the nerdtailer sector. CNET (NASDAQ:CNET) second quarter results beat the Street by two cents (excluding […]

In the big picture ISDEX rises 7.67 points or 1.39% to 559.09 on the heels of a NASDAQ record-setting move. The real news is deals, deals, everywhere deals drive valuations more and more as consolidation fever takes hold. Today’s dance fever includes ONSALE (NASDAQ:ONSL) agreeing to acquire rival Egghead (NASDAQLEGGS) in a stock swap, Terms: […]

In his latest letter to shareholders investor guru Warren Buffett says you’d be better off if he had simply gone to the movies during market hours. If he had popped into my multiplex here’s what was showing: ISDEX dropped 3.4% to 551.42 dragged down by the big brands across a spectrum of spaces: Healtheon (NASDAQ:HLTH), […]

ISDEX loses ground early in trading but recovers to end the day in positive territory, as the Dow and NASDAQ both drop. The latter two fall victim to Latin American stock market concerns (apparently no ‘living La Vida Loca’) at least for today. Now that we’re in the middle of the summer swelter I expect […]

What a difference a month makes. In the throes of June the average value per unique user to one of the top 10 Web sites was held at my estimated $430 each. As of July 12 that figure popped to $487. The median value jumped even further, from $213 to $250. June 10’s numbers reflect […]

ISDEX drops 3.5% to 549.30 as profit taking kicks in after a fairly healthy jog-walk last week for the group. Today is more of the Dow day as industrial stocks gain against a tech selloff. Infoseek (NASDAQ:SEEK) and Disney (NYSE:DIS) decide to go all the way with Disney deciding to acquire the 57% of SEEk […]

First reader up writes: “I am the CEO of a regional ISP and have been frustrated by the lack of focus on the local and regional aspects of the Internet, in press coverage of the sector. There are currently about 6,000 local or limited regional ISPs in the U.S. and they have a substantial percentage […]

Liquid Audio (NASDAQ:LQID) goes public today, prices at $15, soars to $48 and closes at $36.56 per share. The e-music delivery software firm has taken the copyright protection approach in its service, making it more attractive to record labels than rival freebie MP3.com, slated to go public later this month. ISDEX, Dow and NASDAQ all […]

When it comes to Internet stocks many investors come into the arena without enough clues to unearth the value or lack of it, to separate hype from hope, execution from executioner. In the spirit of providing a basis for approaching Internet stocks, I generated this handy table that, while no means comprehensive, offers the seven […]

Yahoo (NASDAQ:YHOO) better-than-expected results reported after the market closed yesterday buoy the Internet stock group today but I think that could be an over-reaction. Just as in the NFL there are Superbowl teams and then the rest, I see in the Internet space, Yahoo as a global stadium pleaser. A magnet of page views and […]

Top of the pops: new IPO Musicmaker.com (NASDAQ:HITS) soared 71% yesterday to a market cap of $716 million its first trading day. Revenue? $20,160 (that’s 20 thousand, not a typo) for first quarter this year. Meanwhile, slightly different music etailer CDNOW (NASDAQ:CDNW) market cap was $534 million. Its 1Q revenues? $22.8 million. Why the Beatle-esque […]

My estimate for Yahoo (NASDAQ:YHOO) earnings was $0.10 this quarter, slightly more bullish than most analysts. Yahoo beat that by 10% with $0.11 EPS not counting costs associated with acquiring GeoCities or Broadcast.com. Revenue jumps 156% to $115 million, average page views hit 310 million per day vs. 235 million in Q1. Page view numbers […]