Steve Harmon

Internet services provider USWeb Corp. today announced 1998 second quarter results, posting a net loss of $60.9 million, or $1.81 per share, and revenues of $25.4 million. Losses were up compared to the previous quarter’s net losses of $16.4 million, or $0.56 per share, while revenues climbed 86%, compared to last quarter’s revenues of $13.7 […]

Ever since Zapata (NYSE:ZAP) announced July 6 that it was acquiring Web sites and forming an Internet division a few in mainstream media and more than a few investors have bought the line bait, hook and sinker. Some of the leading financial press have referred to fish and meat processor Zapata as an “Internet” company. […]

  31-Jul-98 point change % change ISDEX 140.24 -3.12 -2.18% NASDAQ 1,872.39 -47.23 -2.46% DJIA 8,883.29 -143.66 -1.59% Cyberian Outpost (NASDAQ:COOL) bucks the market’s weakness and goes public at $18 per share, opens at $25 and closes at $20.50. For our pre-IPO analysis on software and hardware etailer Cyberian please click here. Egghead.com (NASDAQ:EGGS) reports […]

Macromedia Inc. today disclosed first quarter 1999 financial results reporting income and earnings of $2.95 million or $0.07 per share, compared to a net loss of $1.2 million or $0.03 per share for the same period last year. Revenues for the first quarter ended June 30, 1998 equaled $32.3 million, an 18% gain from year-ago […]

  30-Jul-98 point change % change ISDEX 143.36 2.39 1.70% NASDAQ 1,919.62 38.13 2.03% DJIA 9,026.95 111.99 1.26% Network Solutions (NASDAQ:NSOL) posts second-quarter results of $2.46 million net income, or $0.15 per share (diluted) vs. $740,000, or $0.06 per share 2Q97. Revenue jumps 103% to $20.5 million. Driving the increase is a 91% rise in […]

In June when Internet stocks kept going higher, and in July when they were on fire, Web site values soared along with the euphoria of being at the transition between the analog and digital eras. This past week analog won. Webdex (Website value per user index) dropped 13% to an average $106. Among those headed […]

Electronic commerce services company AppNet Systems Inc. in Bethesda, MD said it received a $100 million venture capital investment from GTCR Golder Rauner LLC of Chicago. GTCR’s commitment will enable AppNet to leverage the equity infusion with debt capital to pursue an aggressive growth strategy, the company said. Phil Canfield, a principal with GTCR and […]

Impulse! Buy Network, Inc. today announced it closed an initial round of financing worth more than $3 million from investors Yahoo! Inc. and SOFTBANK Technology Ventures. This brings the total amount of money raised to date by Impulse! Buy Network to slightly more than $5 million. Impulse! Buy Network is designed to allow participating merchants […]

Wall Street knows all there is to know about bovine happenings. Bulls and bovines are just two sides to the same burger, mad cows notwithstanding. Hold the catsup. Of course what some call a “correction” (a market downturn) others call a buying opportunity. That means that the hype-heavy, flying-on-fumes mentality that caused the sector to […]

  28-Jul-98 point change % change ISDEX 140.97 -5.87 -4.00% NASDAQ 1,881.49 -15.04 -0.79% DJIA 8,914.96 -19.82 -0.22% ISS Group (NASDAQ:ISSX) reports second-quarter revenue of $7.3 million, up 175% vs. 2Q97. Net loss is $1.083 million or $0.06 per share 2Q98. Internet Security Systems, a unit of ISS Group, inked deals with Microsoft, Lucent and […]

Electronic commerce player CyberCash, Inc. announced a net loss of $9.6 million or $0.68 per share and revenues amounting to roughly $2.5 million for the second quarter. The loss for the three month period was up from the $6.3 million or $0.58 per share loss for the same period last year. This year’s second quarter […]

eBay, a people to people auction service, proves why the Internet may be under hyped and why it ought to be in the spotlight in a series of Internet initial public offerings teed up on Wall Street. Despite not showing share data in its early filing, we estimate eBay may fetch $300 million to $350 […]