Steve Harmon

The future of the Internet domain name system may be a volatile subject in many quarters, but by all accounts, last week’s widely anticipated Global Incorporation Alliance Workshop (GIAW) conference was anything but rancorous. Craig Simon of the University of Miami School of International Studies said the crowd of nearly 200, “was more broadly based […]

DoubleClick shares jumped almost 20% today to as high as $60 after the Web banner ad network announced it is number three behind America Online and Yahoo! in overall users according to Media Metrix surveys. The survey showed DoubleClick (NASDAQ:DCLK) with an audience reach (similar to the term used for TV) of 29.4%, ranking it […]

There’s the bull market and then there’s the running of the bulls. With a 25% gain in second quarter ISDEX could be slotted under stampede as Internet stocks leave every other major indices shown at the starting gate. Year to date ISDEX is up more than 58% on average or 82% if you count share […]

You know that the stock market is hot when investors call a 47% gain for an Internet initial public offering a bad day on Wall Street. The numbers playing out in the IPO screen are blockbusters by any gauge. Our tally shows an average 140% runs from offering. The dash for cash prompts many Internet […]

30-Jun-98 point change % change ISDEX 158.34 1.82 1.16% ISDEX Price Wtd. 1,814.16 49.13 2.78% NASDAQ 1,894.74 3.66 0.19% DJIA 8,952.02 -45.34 -0.50% Sportsline USA (NASDAQ:SPLN) shares zoom after it agrees to acquire golf etailer International Golf Outlet Inc. Terms = 46,924 SPLN shares valued at $1.65 million and $350k cash. Deal could reach […]

Shares of portal player Excite, Inc. surged today following an announcement that its Board of Directors approved a 2-for-1 stock split. In heavy trading of nearly 6 million shares so far today, Excite stock was up 9 3/4 trading at 85 3/4 as of 2:45 EST. The company said it decided on the split in […]

“What’s the latest on GeoCities and PointCast’s planned initial public offerings?” Reply: As far as we know, they are both on track, albeit very different tracks. See ISR June 16 in the archives for our take on GeoCities and ISR, May 19 for PointCast. Just got word that PointCast dropped its Chinese edition roll out […]

29-Jun-98 point change % change ISDEX 156.52 2.87 1.87% ISDEX Price Wtd. 1,765.03 46.53 2.71% NASDAQ 1,891.08 21.55 1.15% DJIA 8,997.36 52.82 0.59% Excite (NASDAQ”XCIT) shares rally on two news items: 1) a 2-for-1 stock split set for holders of record July 6, 1998 and distributed on July 20, 1998. Pro forma XCIT says […]

Somewhere between 1996 and 1998, PSINet (NASDAQ:PSIX) managed to outlast its critics, hire a slew of MCI wizards, place $600 million in debt, acquire fiber optic lines that would make AT&T drool, and position itself as a backbone that owns its backbone, unlike the spineless ISPs whose stocks have run up to all-time highs this […]

25-Jun-98 point change % change ISDEX 155.87 -0.05 -0.03% ISDEX Price Wtd. 1,752.81 6.88 0.39% NASDAQ 1,863.25 -14.51 -0.77% DJIA 8,935.58 11.71 0.13% Mindspring (NASDAQ:MSPG) shares rocket up more than 17% to a new 52-week high of $96 per share before closing at $94.875. Causing the move? MSPG’s announcement of a 3-for-1 stock split […]

Downtown Manhattan or Tokyo has quantifiable real estate rented or sold by space and everyone from Godzilla to Donald Trump knows the intrinsic value of that earth. On the Web, anyone can have real estate space, but all space is not created equal, as shown by the handful of deals and the promise of more […]

Just when it looked like Internet stocks would wilt from the summer heat Wall Street turns on the summer of love. Said another way, if Bob Dylan sang this one it’d be “knock knock knockin’ on heaven’s door,” as ISDEX, Internet Stock Index, climbed a phenomenal 18% since June 16. We count the price-weighted ISDEX […]