Steve Harmon

USWeb/CKS (NASDAQ:USWB) founder Joe “X-Files” Firmage starts his own venture catalyst firm to feed USWeb clients. Start up firms in the effort will use USWeb as its Web site builder/designer/marketer. GoTo.com (NASDAQ:GOTO) shares debut today and sure enough end up in the low $20s as predicted here. Priced at $15, hits a $28.50 per share […]

Two of the 13 stocks in the IPO group shown below trade below their initial public offering price, OneMain (NASDAQ:ONEM) and Autoweb (NASDAQ:AWEB). As investors clamor (or at least walk briskly) to get ahold of Internet IPOs even in a softer market it seems that to me anyway Autoweb may be worth a second look. […]

An early-day rally continues yesterday’s run before ISDEX weakens late in trading on profit taking. Dow and NASDAQ also find some upside as Federal Reserve chairman Alan Greenspan tells Congress that inflation may be in check but a small tightening of the money supply may keep it so. iVillage (NASDAQ:IVIL) climbs 16% to $44 per […]

Just 12 of the 50 stocks in ISDEX (The Internet Stock Index) showed positive gains since June 9 in a week of wobble and wacky market moves. NASDAQ, for example, had its biggest one-day point gain ever June 16. For the past several weeks investors debated if the Federal Reserve would put the squeeze on […]

ISDEX rockets to 477.90 with a change of +45.66 (+10.56%) as the overall market breathes a sigh of relief (for now) that inflation may be at bay after all. Supporting evidence comes via the Consumer Price Index which shows May prices in line with April’s. The CPI is food for the Fed to consider as […]

From the time idealab founder Bill Gross first showed me GoTo.com well over a year ago, I’ve been intrigued by the model of having advertisers pay for keyword placement. The question Wall Street will ask this week amid a fire sale for Internet stocks, will GoTo.com’s IPO also rise to the top? GoTo.com’s business model […]

Internet stocks rise after a Monday massacre in the sector. The current ISDEX value is 432.24 with a change of +13.51(+3.23%). However, yesterday’s 11% drop effectively means ISDEX is down 8% this week so far. Today’s climb comes on what I think may be stirrings of buyers after the 40% overall correction the group took […]

As inflationary talk dominates the stock market, has slammed Internet stocks for a 40% loss since mid-April, the pied piper of the cost of capital, Alan Greenspan, has been talking to Congress about technology. He did so yesterday. But you have to ask – does Federal Reserve chief Alan Greenspan understand a viral economy, the […]

Bloodbath comes to mind as the Internet and technology sectors drop today with ISDEX plunging 11% to 418.73. Let’s see how far it’s fallen. April 13 ISDEX hit its 696.76 high. So this bellwether indicates that Internet stocks are down 40% as a group from their highs in two months. I believe we could see […]

First reader up this week writes: “You said in a column a month ago that our children would look at us funny if we didn’t own AOL. Is AOL still the powerhouse you thought or is there a fundamental change going on?” Reply: Of all the Internet stocks, I see AOL as the leader with […]

The overall market takes its lead again from the unending barrage of interest rate hike fears with the Dow, NASDAQ and ISDEX losing ground today. The current ISDEX value is 472.07 with a change of-26.62(-5.34%). CMGI (NASDAQ:CMGI) stock drops 12% to $89.75 per share on two things: 1) weaker-than-expected earnings and 2) a weaker IPO […]

My valuations of the top 10 Web sites shows they lost 2.1% as a group this past week as interest rate concerns and mergers drive or derail valuations. For the public firms the market capitalization appears but for the Web assets of larger technology companies such as Microsoft (NASDAQ:MSFT) I list my estimated private market […]