Steve Harmon

1998 was the year Wall Street finally “discovered” the Internet. The stats tell the story well. ISDEX began 1998 at roughly 100 and ended the year to December 29 up more than 208% as buying and selling Internet stocks became front and center for the everyday investor. Day traders swept up the speculative shares in […]

1998 is the year Internet stocks became household names, investor’s gleams and shortseller’s nightmares. The year began with a whisper for Web stocks on Wall Street. ISDEX stood at 100. The basket of 50 of the most-representative stocks in the new information age were largely ignored by investors, save for strong interest in some of […]

First reader up writes: “Go.com. Any comment on this Internet portal….the beta version looks good, the stock seems like a good buy, as you know it has gone through the $50 barrier. Any comments?” Reply: We think Infoseek (NASDAQ:SEEK) may be undergoing a radical transformation in its new endeavor with Disney. The $50 “barrier” refers […]

Of the 20 stocks in IPODEX 18 were up on the week with temperatures rising at least on Wall Street despite a cold snap across much of the U.S. Indy investors bid up shares of uBID (NASDAQ:UBID) to record heights since December 17 as shares soar 342% for the new IPO. The underlying fuel for […]

Buying the market leader seems to be the trend with the rise in this week’s WEBDEX, Web site user value index, as Yahoo (NASDAQ:YHOO), AOL.com (NYSE:AOL), Microsoft (NASDAQ:MSFT) find more than a 10% gain since December 16. Fueling the rise are new all-time highs for more than a handful of these stocks.At $959 per user […]

In one week ISDEX nearly gained as much as NASDAQ all year. ISDEX was up 29.5% since December 15 as even more bull appears in an already bull run for the Internet Stock Index, up an astounding 200% year to date–and surpassing the 300 mark for the first time ever in its three-year history. Let’s […]

First reader up writes: “Steve: I have been watching the Internet group for well over 6 months, but I have stood on the sidelines in disbelief as these stocks rise to unbelievable heights with astronomical P/E ratios. There is so much hype and so little substance that I am nervous to “take a chance”. I […]

  18-Dec-98 % change point change ISDEX 266.25 3.51% 9.02 NASDAQ 2,014.86 2.07% 42.26 DJIA 8,903.63 0.03% 27.81 @Home (NASDAQ:ATHM) agrees to acquire ad firm Narrative for about $89 million stock. @Home pays more than 118x estimated 1998 sales for the zygote stage outfit that’s posted $5.7 million loss last year and may lose about […]

True believers and naysayers aside, there’s no doubting the stats that tell the story: eBay (NASDAQ:EBAY) leads all Internet IPOs for 1998 with a 1,224% rise from pricing back in June. Next in line was only about half as good–up 653%, the venerable Inktomi (NASDAQ:INKT).Third in IPODEX, our weekly and year-to-date scorecard comes Broadcom (NASDAQ:BRCM), […]

Yo quiero Alta Vista? The Taco Bell Chihuahua hasn’t been saying that lately as we begin to wonder just what Compaq (NYSE:CPQ) plans to do the Web search engine unit it inherited as part of its buy of Digital. Indeed, something may be lost in the translation for Alta Vista (“tall or high view” in […]

  17-Dec-98 point change % change ISDEX 257.14 5.47 2.17% NASDAQ 2,043.88 34.52 1.72% DJIA 8,875.82 85.22 0.97% Market Guide (NASDAQ:MARG) reports record third-quarter revenues and earnings with revenues reaching $2.4 million, up 41% vs. 3Q last year. Net income hits $209k or $0.04 EPS vs. flat last year’s quarter. We think the increase reflects […]

Network Solutions (NASDAQ:NSOL) does what many smarter Internet firms do to reach more eyeballs, inks a deal with Yahoo (NASDAQ:YHOO) for advertising on its global outlets and bam, NSOL soars to a new all-time high of $120.75. With the pop yesterday, NSOL easily leads all ISDEX gainers for the week, pulling the enabler group up […]