Steve Harmon

America Online (NYSE:AOL) and Microsoft (NASDAQ:MSFT) may be within shouting distance of Yahoo! (NASDAQ:YHOO) in user count according to an exclusive unduplicated unique users number crunch we asked research firm Relevant Knowledge to run for us. Rolled Up Tallies July Overall Leaders Users Top Web Sites (millions) Yahoo!/Four11 26.6 Microsoft.com/HotMail/MSN 24.1 AOL.com/Mirabilis-ICQ 23.9 Infoseek/Disney/ABC/Starwave 18.8 […]

14-Aug-98 point change % change ISDEX 132.03 0.00 0.00% NASDAQ 1,790.19 -12.35 -0.69% DJIA 8,425.00 -34.50 -0.41% 24/7 (NASDAQ:TFSM) goes public today, prices 3.25 million shares at $14, opens at $18.50, hits a $22.75 high and closes at $20.25. The IPO signals the continued strength and interest in Internet offerings in the ecommerce space. […]

It’s “Back to the Future” Web style. Let’s compare what we thought GeoCities could do in terms of market cap and what it’s done now that the public has had a chance to bat this one around. >From the August 6th edition of Internet Stock Report: “GeoCities valuation estimate at an average $91 for the […]

13-Aug-98 point change % change ISDEX 132.03 -3.63 -2.68% NASDAQ 1,802.54 -22.99 -1.26% DJIA 8,459.50 -93.46 -1.09% Lycos (NASDAQ:LCOS) – More on Lycos acquiring WhoWhere for $133 million stock instead of WhoWhere going public. Our analysis shows Lycos paying $15 per user although the value per “active” user may be closer to $100. And […]

Between the Asian flu and Zippergate it’s no wonder the broad market is in a tailspin, causing the Dow to bow nearly 300 points and 200 points in a single day, ending the week off a more mild 25 points. While the big board got slammed ISDEX gained 8% on a price-weighted basis ending last […]

12-Aug-98 point change % change ISDEX 135.66 0.95 0.71% NASDAQ 1,825.53 32.83 1.83% DJIA 8,552.96 90.11 1.06% GeoCities pops again today to north of $51 per share before closing at $45.50 on heavy volume. At its high the GeoCities valuation exceeds $2 billion fully-diluted market capitalization. This is where we thought GCTY could be […]

Career Central Corp. in Palo Alto, CA, an electronic recruitment and career services company, said it has closed nearly $10 million in a new round of financing. Investors include Technology Crossover Ventures, as well as existing investors Softbank Ventures, IDG Ventures, Allen & Company and Arthur Rock & Company. No financial breakdown was provided. Jay […]

The Dow is down 200 points and NASDAQ is down more than 50 points today but that didn’t stop the hot IPO from GeoCities (NASDAQ:GCTY) from roaring out of the starting gate. The company jumped beyond its opening price of $17. GeoCities’ shares opened today at $30, popping to a $36 high, defying the plungefest […]

In a move highly anticipated by stock watchers, Digital River, Inc. formally announced today an initial public offering of 3 million shares of common stock at $8.50 per share. The IPO (Nasdaq:DRIV) is being handled through an underwriting group managed by BT Alex. Brown Inc., BancAmerica Robertson Stephens and Bear, Stearns & Co., Inc. The […]

In the battle for delivering ads to eyeballs–“adballs”–there’s DoubleClick (NASDAQ:DCLK), privately-held Link Exchange, and 24/7 Media which is scheduled to go public this week and sell 3.25 million shares at $13 per share through lead underwriter Merrill Lynch. Our abacus thumping shows that 24/7 (proposed ticker :TFSM) wants to debut at an estimated $248 million […]

Columbus, OH-based e-commerce firm Sterling Commerce Inc. posted third quarter revenue of $122.1 million, up 39% over last year’s $87.8 million. Diluted earnings per share for the period were $.33, an increase of 32% over last year’s $.25, excluding one-time charges in 1997. For the first nine months, revenue increased 40% to $339.5 million, and […]

10-Aug-98 point change % change ISDEX 138.90 1.38 1.00% NASDAQ 1,839.21 -7.56 -0.41% DJIA 8,574.85 -23.17 -0.27% GeoCities IPO prices today through lead underwriter Goldman Sachs at $17 per share, above the $14-$16 range. Heavily oversubscribed by what we hear. As we mentioned Friday, e-manager E*TRADE (NASDAQ:EGRP) reportedly offers shares to its members at […]