Steve Harmon

  15-Sep-98 point change % change ISDEX 94.34 -1.48 -1.54% ISDEX price weighted 1,249.13 -15.38 -1.22% NASDAQ 1,678.15 12.46 0.75% DJIA 8,024.39 79.04 0.99% CKS Group (NASDAQ:CKSG) starts to find believers closing the gap between its trading range and the pending offer of $21.21 per share stock swap from USWeb (NASDAQ:USWB). The overall deal value […]

Online mortgage broker E-LOAN today announced it received $25.4 million in fresh funding. Investors in the latest round of financing include Yahoo!, SOFTBANK Technology Ventures, SOFTBANK Holdings Inc. and Sequoia Capital. This is the firm’s second round of funding which it said is intended to help further develop cutting-edge technology, diversify its product offering, and […]

First reader up this week writes: “Some time back you had indicated that SPLN might be a sleeper and would do well in the future. Any more thoughts on SPLN?” Reply: At $14 per share, Sportsline (NASDAQ:SPLN) trades well of its $39+ high and double its low of $7. Driving down SPLN: September 1 Sportsline […]

  14-Sep-98 point change % change ISDEX 95.82 2.04 2.18% ISDEX price weighted 1,264.50 23.66 1.91% NASDAQ 1,665.69 24.05 1.46% DJIA 7,945.35 149.85 1.92% Yahoo (NASDAQ:YHOO) and Softbank invest $25 million in e-loan, a privately-held service that lets potential borrowers apply for loans via the Web. The deal signals an increased role by Yahoo as […]

Anyone wondering if July’s party for Internet stocks and public offerings was nothing but a mid-summer night’s dream may want to see Internet.com’s IPO Index, up 7% the past week and 43% since debut. As a group, these dozen stocks trade down 48% from their highs since IPO and 38% better than the lows. INTERNET.COM’S […]

Electronic messaging provider USA.NET, Inc. today announced it finalized a $23 million round of financing which includes an investment from Netscape Communications Corp. USA.NET co-developed the underlying architecture for Netscape WebMail, the free e-mail service available via the Netscape Netcenter portal site. The company also owns the NET@DDRESS electronic message service, and produced the AmExMail […]

For 7% of the entire value of Microsoft (NASDAQ:MSFT) you could acquire the top 8 Web sites and basically own the Internet’s leading gateways. That is, if they’d sell for market prices, which they won’t. So, let’s add a 50% premium in a hypothetical bidding scenario and bring the total to $25 billion, 10% of […]

  10-Sep-98 point change % change ISDEX 92.99 -4.22 -4.34% ISDEX price weighted 1,241.44 -41.03 -3.20% NASDAQ 1,585.33 -39.22 -2.41% DJIA 7,615.54 -249.48 -3.17% Infoseek (NASDAQ:SEEK) pays $26 million over the next two years to be Microsoft’s WebTV exclusive search and navigation provider. Terms: $15 million in advance for first 5 quarters and remainder afterwards. […]

The market taketh and the market giveth. This week was the latter, as ISDEX, The Internet Stock Index, gained nearly 11% on its way past the 100 mark. The comeback brings the 50-strong basket of stocks back to a place where it began in 1998, a position believed to hold promise in many ways. Consider […]

E-commerce firm World InterNetworks Inc., formerly Wealth International, announced a four-to-one reverse split of the company’s common stock for all shares issued or transacted prior to close of business on September 4. Shareholders of record as of the aforementioned date will receive one share of common stock of World InterNetworks Inc. (New CUSIP No. 9814G […]

First reader up this week writes: “Steve, after the May correction when many ISDEX gains had been hurt, you suggested that we were at more sustainable and reasonable growth rates (I recall 38% vs 85%). With the year’s gains wiped out, how do you feel about ISDEX’s prospects? Is this bargain time again?” Reply: ISDEX […]

Wall Street apparently doesn’t think much of USWeb’s $350 million, or $21.21 per share, stock swap of 1.5 shares of USWB for each share of CKS Group reinvents anything as the two firm’s stock prices are down, USWB almost 30%, since the deal was announced September 2. Perhaps one of the bigger concerns was the […]