Steve Harmon

Heads Up: Websteader GeoCities is scheduled to price today and start trading tomorrow. It may send a rumble of its own through the market, despite the choppy waters lately for IPOs. Being a top 10 Web site and pioneering a new concept on the Internet is a formidable combination in our view. Other Internet IPOs […]

07-Aug-98 point change % change ISDEX 137.52 5.52 4.18% NASDAQ 1,846.77 25.18 1.38% DJIA 8,598.02 20.34 0.24% EarthWeb files to go public, wants to raise $34.5 million. The developer-centric Web site firm sales for six-months ending June 30 reach $974,000 with losses of $2.9 million. 1997 sales are $1.1 million with $7.8 million loss. […]

Nine Internet initial public offerings gained 91% as a group this year through a stock market taking cues from a call-in schizophrenic hot line lately. The “he said, she said, they said” choppy ride for the past few days hasn’t knocked the steam out of brandshare, marketshare, mindshare leaders, however. Broadcast.com (NASDAQ:BCST), Inktomi (NASDAQ:INKT), Broadcom […]

High-flyer Internet site values may be losing some of their luster as investors start poking up-and-comers in a race to get in on growth rather than ride the tide too late. Anecdotal evidence comes via our abacus tweaking that shows average value for the top 10 Web sites could be $107 per user, up 1.5% […]

06-Aug-98 point change % change ISDEX 132.00 5.63 4.46% NASDAQ 1,821.59 33.39 1.87% DJIA 8,577.68 30.90 0.36% CMG Info (NASDAQ:CMGI) pops 18% to $79.625 per share as investors line up to get a back door piece of GeoCities which plans an IPO next week. CMG owns a third of the Websteader firm. CMG’s spinning […]

Online brokerage E*Trade Group Inc. in Palo Alto, CA said it may lose money through fiscal 1999 as it spends heavily to promote its Internet site. Leonard Purkis, the company’s chief financial officer, said E*Trade will probably lose an unspecified amount in its fiscal 1998 fourth quarter, which ends in September, and could have a […]

In a bout of market selloff that trounced the Dow like Peewee Herman at a WWF wrestling match pitted against Alan Greenspan on steroids it’s no wonder that ISDEX is down 13% since July 28. The Dow dropped nearly 300 points on August 4 and is off more than 447 points the past seven days. […]

05-Aug-98 point change % change ISDEX 126.37 -1.01 -0.79% NASDAQ 1,788.20 2.56 0.14% DJIA 8,546.78 59.47 0.70% Lycos (NASDAQ:LCOS) gets a patent for its WiseWire service which lets users rate and rank sites and uses this data to deliver appropriate results in directories and guides. As with any patent, however, its teeth exists in […]

With rival PeaPod (NASDAQ:PPOD) struggling to get Wall Street’s attention, here comes far smaller dry goods etailer Net Grocer with its own plans to go public. With all of $406k revenue for the quarter ending March 31 we wonder if this one may be a little too green? PeaPod, for example, just posted $17.53 million […]

04-Aug-98 point change % change ISDEX 127.38 -3.06 -2.35% NASDAQ 1,785.64 -65.46 -3.54% DJIA 8,487.31 -299.43 -3.41% Amazon.com (NASDAQ:AMZN) does two all-stock deals valued at $264 million. It agrees to acquire shopping search engine Junglee for 1.6 million AMZN shares and assume options; and secondly, Amazon snaps up Web-based contact management service PlanetAll for […]

E-commerce firm Open Market Inc. said that it closed a $20 million private placement of common stock to Internet investor firm CMG Information Services Inc. in Andover, MA and a fund managed by Heights Capital Management. “The additional working capital provided by this financing strengthens our balance sheet and gives the company more financial flexibility,” […]

Amazon.com, AOL, Netscape, Yahoo. Names etched on the collective psyche of all things Internet. But also names once scribbled on college-ruled notebook paper, napkins over lunch, and in the eyes of those who reached for the unknown and came up with billion-dollar concepts. It is the factor “x” in this global phenomenon called Internet. William […]