Steve Harmon

First reader up this week writes: “Dear Steve: Go2Net: they turned a profit. They went to an all time high. Now they settled into a mid 30 to 40 level. Should I take the profit? Buy more for the long run? Do you think they have the potential to compete as a PORTAL?” Reply: Go2Net […]

As the U.S. gets in the turkey eating mood (or tofu for vegetarians) it’s beginning to look like a banquet on Wall Street as ISDEX climbed 11% the past week, led by the e-tail sector once again. The top four gainers all sell stuff. Two of these stocks–Amazon (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) looked ridiculously overvalued […]

The irony of AOL’s acquisition of Netscape is that the firm that made the browser a household word and selected its mascot name “Mozilla” (Microsoft killer) may come around as AOL-Netscape these four-score Internet years later as the biggest threat Microsoft has ever seen. The numbers first: the deal price of $4.2 billion targets the […]

“You’ve Got Netscape” may be the new slogan found on AOL soon if a rumored deal goes ahead. Netscape (NASDAQ:NSCP) shares rallied on the speculation all last week and a deal may emerge today. Having already been bid up on deal talk it’s hard to say what kind of premium AOL (NYSE:AOL) would pay, depends […]

In an episode of ‘Candid Camera’ in the 1970s they did a skit where everyone in the elevator turned backwards and those that got in the elevator did the same, assuming the group knew what it was doing. Herd mentality. Fast forward to today and there’s a group doing much the same thing, following the […]

  20-Nov-98 point change % change ISDEX 209.60 2.89 1.40% NASDAQ 1,928.21 8.53 0.44% DJIA 9,159.55 14.94 0.17% Inktomi (NASDAQ:INKT) inks a deal with AOL (NYSE:AOL) for AOL’s ICQ instant messaging platform. Inktomi’s search engine will power the search for ICQ’s new interface debuting soon. ICQ reports an average of 4.8 million registrants use ICQ […]

ISDEX, Wall Street’s starting to believe in a little arachnophoria as Lycos value per user shot up 32% to $151 since November 11 as the former search engine begins building a Web network of various sites. Lycos’ (NASDAQ:LCOS) buying spree of Whowhere/Angelfire (directory/Websteader), Tripod (Websteader for Generation Y) and Wired Digital (HotBot search and content) […]

ISDEX, The Internet Stock Index, shows slight gains as a group since November 11. Of this group of 50 stocks, two blasts from the past top the list: VocalTec and CyberCash. First VocalTec (NASDAQ:VOCLF). Amazing when you consider that there’s only a few “IP” communications pure play stocks in existence. “IP” (Internet Protocol, the lingua […]

Aristotle wrote thus: “The seat of the soul and the control of voluntary movement–in fact, of nervous functions in general–are to be sought in the heart. The brain is an organ of minor importance.” That was clearly evident in EarthWeb’s heartfelt but brain dead IPO last week that caught not only Wall Street but scores […]

First reader up this week writes: “Dear Steve: NSOL has been up 372%. Do you think NSOL will go up any more this year? What is your prediction?” Reply: Suppose for a minute that the 10 million U.S. small businesses all register a domain some day. Network Solutions (NASDAQ:NSOL) effectively holds a monopoly on domain […]

The continued demand for new Internet IPOs sent Web community builder company the globe.com’s stock out of this world Friday. After pricing at $9, the company’s shares soared as high as $97, making it one of the biggest runs ever for any Internet offering. By the time the market closed, shares of TGLO waned somewhat […]

Irony in Healtheon, Value America, and others postponing IPOs is that they may have created a stronger demand for the few Internet stocks that dared step onto Wall Street. Yet Internet.com’s IPODEX, which tracks Net stock IPOs, shows that the actual turnaround for Internet IPOs happened the week of September 17. Here’s how: IPODEX registers […]