Steve Harmon

15-Jun-98 point change % change ISDEX 129.61 -3.74 -2.80% ISDEX Price Wtd. 1,381.13 -22.25 -1.59% NASDAQ 1,715.75 -29.30 -1.68% DJIA 8,627.93 -207.01 -2.34% Infoseek (NASDAQ:SEEK) may be close to selling a piece of the Web search engine to a large media firm, with Disney cited as the most likely buyer and Time Warner a close […]

The new game in town is more like a mosh pit of leading Internet firms slam dancing in a headbanger’s ball. Latest tub thumping: More than $2 billion in deals erupted over the past few days as AOL bought ICQ, Yahoo! bagged Viaweb, Network Associates snatched up Dr.Solomon, and NBC acquired a stake in Snap! […]

12-Jun-98 point change % change ISDEX 133.35 -1.52 -1.13% ISDEX Price Wtd. 1,403.38 -10.47 -0.74% NASDAQ 1,745.05 -4.70 -0.27% DJIA 8,834.94 23.17 0.26% Earthlink (NASDAQ:ELNK) signs an agreement with the L.A. Dodger baseball club to be its “official” ISP, to provide its fans with vanity email addresses, co-branded Web personal interest pages, player and fan […]

Funny what a simple coupling can do. CNET’s decision to marry off its Snap! offspring to NBC prompted Wall Street to reawaken its zeal for Internet shares. That pushed up Mecklermedia’s WebSite Value Index with the top 10 public and private sites getting reevaluated by traders and investors. One day shares zoom, the next they […]

11-Jun-98 point change % change ISDEX 134.87 -2.60 -1.89% ISDEX Price Wtd. 1,413.84 -15.84 -1.11% NASDAQ 1,749.75 -23.50 -1.33% DJIA 8,811.77 -159.93 -1.78% Amazon.com (NASDAQ:AMZN) goes ballistic (again) on the unveiling of its anticipated music store. AMZN shares climb 15% to $62.50 per share. Just April 24 in Internet Stock Report we said Amazon could […]

The Nasdaq Stock Market entered into a strategic partnership with Reuters subsidiary TIBCO Finance Technology to develop a new information and trading system based on TIBCO’s real-time middleware on which Nasdaq plans to standardize. Nasdaq already operates the world’s largest electronic trading floor, and it expects the new digital infrastructure to become a model for […]

Internet stocks showed comeback power since June 2 with ISDEX, The Internet Stock Index, gaining an impressive 7% compared to the broad market’s less than 2% posting. Leading the turnaround for the group, which was headed south in early summer doldrums, was CNET (NASDAQ:CNWK) which unloaded Snap! off its balance sheet while it lets NBC […]

10-Jun-98 point change % change ISDEX 137.47 -2.16 -1.55% ISDEX Price Wtd. 1,429.69 -16.19 -1.12% NASDAQ 1,773.25 -27.51 -1.53% DJIA 8,971.70 -78.22 -0.86% Inktomi (NASDAQ:INKT) doubles from its IPO price of $18 per share, ending the day at $36. INKT opened its first day of trading today at $30.75 as the oversubscribed offering for the […]

Electronic Software Distribution (ESD) companies Preview Software and Portland Software said they have completed their merger and will be known as Preview Systems. The new company’s first product offering, the ZipLock ESD System, is slated for release in mid-July. Vincent Pluvinage, chief executive officer of Cupertino, CA-based Preview Systems, said: “The integration of our technologies […]

While Godzilla thunders through Manhattan on the silver screen, just down the block on Wall Street investors created their own leaping lizard when Verio went public on May 12 and reached for the sky. After pricing at $23 and scraping $30, however, VRIO shares found that gravity matters more than size, lizard jokes not-withstanding. Even […]

CNET continues to find large media allies in its aggressive push to grow its businesses through outside alliances. Today’s news that NBC will acquire 4.99% in CNET (NASDAQ:CNWK) for $26 million and a 19% ownership stake in Snap! sent CNWK shares up more than 17% to as high as $39.25 per share, valuing NBC’s CNWK […]

Grey Ventures, the independent venture capital arm of Grey Canada, said it has made a major strategic investment in Toronto-based Balisoft Technologies Inc., a developer of online customer service products. The investment (financial specifics were not disclosed) supports the development of LiveContact, which enables businesses to conduct customer service on the Internet. LiveContact offers personal […]