Steve Harmon

The Moscow-inspired market blast rumbled through the global stock market and wiped out 21% of the value of the top 10 Web sites, bringing WEBDEX (Website user valuation index) to an average of $105 per user. Market fallout radiated more than just white flashes across the Internet stock landscape; it blipped across the top 10 […]

Like a scene from the movie “Twister,” storm chasing around through Internet stocks for the week August 25 through September 1 was akin to watching flying cows (bulls perhaps) being taken in the funnel only to be hurled into bear burgers on the other side. ISDEX lost 25% of its value as the storm showed […]

INTERSHOP Communications Inc., a provider of electronic commerce software, announced the completion of a public offering by its parent company INTERSHOP Communications AG on the Neuer Markt of the Frankfurt Stock Exchange. The public offering of 1.8 million shares of common stock at an initial public offering price of $54 per share was completed on […]

Fans of the running of the bulls often forget about the kind of damage those horns can do if they happen to pierce. The trick for Wall Street has been sprinting ahead of the ivory tips in the foolish belief that the sky is rising and the legs aren’t tiring. Investors beginning Friday and yesterday […]

ISDEX, The Internet Stock Index, ended the day down 15.4%, closing at 88.23, as the market continued its broad-based sell-off. ISDEX began the year at 99.87 or 13% higher than today’s selloff. In the past three trading session ISDEX has lost more than 25% of its value. Bookseller Amazon.com was among the hardest hit, down […]

First reader up this week writes: “Just looking for your opinion with the present major declines in the market…is now a good time to pick up stocks? Which four would you consider in Canada and the U.S.?” Reply: All the indices wiped out most of the gains this year in a single week. It was […]

Russian economic turmoil may have sent the world’s stock markets falling yesterday with reverberations continuing today but Internet usage in that nation (ironically whose mascot Wall Street will note is a bear) amounts to about 1 million users or well under 1% of the entire Russian population. Said another way, as goes Russia does not […]

XOOM, Inc. today announced that it filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of all its common stock. XOOM is an online direct marketing company that also offers a community site with a variety of free services for its members, including homepages, e-mail, chat rooms, […]

ISR’s Market Snapshot 28-Aug-98 point change % change ISDEX geo. average 102.86 -7.10 -6.46% ISDEX price weighted 1,362.42 -113.48 -7.69% NASDAQ 1,639.68 -46.73 -2.77% DJIA 8,051.68 -114.31 -1.40% blended market results 11,156.64 -281.62 -2.46% AOL (NYSE:AOL) inks a deal for directory services with Infospace.com, the aggressive supplier of guides to several Web sites. Infospace filed […]

By Steve Harmon Senior Investment Analyst Internet.com The Dow, Nasdaq, S&P and ISDEX all dropped in tandem today with a broad-market selloff as the world’s financial markets debate the economic instability in Russia, whose currency may be undergoing devaluation. Wall Street believes that the financial ‘earthquake’ that has hit Asia, Latin America and now Russia […]

Website values continue to hop and drop at the whim of a Wall Street enamored by Cinderella stories. The latest to put on the magic glass slippers: Lycos, up 9.5% in value per user in our latest WEBDEX survey. LCOS ran on its buying spree in the community space, improved margins for latest quarter, and […]

ISDEX, The Internet Stock Index, added eight new stocks to the 50-strong basket of industry-representative movers and shakers on Wall Street. How much have they moved? As a group these stocks are up 127% from IPO price, of which many went public only recently. That beats the 24% pop on a geometric average basis for […]