Steve Harmon

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We think we’re near the bottom of the Internet stock selloff that hammered the ISDEX down more than 20% the past week. This is the 20% correction we predicted in fourth quarter 1998 would come in Spring 1999. Our view is it’s a good thing, take some of the top off and remove some of […]

Lycos’ (NASDAQ:LCOS) merger with USA Networks (NASDAQ:USAI) and Ticketmaster Online-Citysearch (NASDAQ:TMCS) left Wall Street scratching its head trying to value what happened. Here’s one take. USA Networks’ Internet assets — Ticketmaster and Internet Shopping Network/First Auction — will be rolled into the new USA/Lycos Interactive Networks. USA Networks will also toss in its Home Shopping […]

Investors voted with their feet on the proposed merger of USA Networks-Ticketmaster/Citysearch with Lycos (NASDAQ:LCOS) in a new firm to be dubbed USA/Lycos Interactive Networks (USA/Lycos). The stampede in LCOS shares drives them down 26% to $94.25 per share. Ticketmaster-Citysearch shares also tumble, off 26% to $42.25 per share. The only gainer of the three […]

Healtheon is back at the IPO plate, taking a swing its second time at bat, some four months after its first attempt to go public that left it headed hitless for the dugout looking for an oxygen inhaler. This time around Healtheon is back trying to swing for the fences–but the Internet IPO pipeline has […]

ISDEX is off 4.7% to 313.56 even as investors start buying chip stocks again. The Dow also drops while NASDAQ shows a light gain. Most of the brand name Internet issues are hit the worst continuing the rout that began last week.   08-Feb-99 point change % change ISDEX 313.56 -15.46 -4.70% NASDAQ 2,404.92 31.30 […]

First reader up writes: “Enjoyed your piece on Alta Vista. Can you explain how this (Alta Vista spin out) will work with CPQ shareholders? I own some CPQ, will I get some AltaVista shares when it goes public? How do you value how many AV shares per CPQ share you might get? I don’t “qualify” […]

The technology shares selloff continues as investors looking for a reason to take profits or mull over early January gains can stay on the sidelines. Part of the Pepto-Bismal moment came courtesy of the Federal Reserve’s recent meeting, although it left rates unchanged, the fact that it met always spooks half of Wall Street. With […]

The big buzz centers on whether or not GE will buy a stake in Lycos (NASDAQ:LCOS). Maybe Lycos should buy a stake in GE. The great hypothesis written on the wall these past four years has been that media firms would someday acquire Internet companies. However, Internet companies should beware. For just as the clay […]