Steve Harmon

First reader up this week poses this question: “I am very intrigued by the potential of Atlanta Internet bank. Have not seen any write-up on this star yet. It is a new company, yet has consistently performed and is turning a profit during the next quarter. I think the growth potential for online banking is […]

  29-May-98 point change % change ISDEX 138.42 -1.12 -0.80% ISDEX Price Wtd. 1,426.31 -10.38 -0.72% NASDAQ 1,778.87 -15.75 -0.88% DJIA 8,899.95 -70.25 -0.78% Sprint (NASDAQ:FON) extends its $45 per share offer for 1.25 million Earthlink (NASDAQ:ELNK) shares from June 1 to June 5. The offer, made February 18, was scheduled to expire June 1. […]

The euphoria driving search and directory Web service stocks the past eight weeks seems to have subsided for the time being as Wall Street’s attention deficit disorder kicks back in. Mecklermedia’s WebSite Value Index shown below, which gauges the public and estimated private value of the top 10 consolidated Web sites, dropped more than 7% […]

  28-May-98 point change % change ISDEX 139.54 3.86 2.84% ISDEX Price Wtd. 1,436.69 -13.78 -0.95% NASDAQ 1,794.62 13.52 0.76% DJIA 8,970.20 33.63 0.38% MCI (NASDAQ:MCIC) will sell its Internet backbone to the UK’s Cable & Wireless for $625 million cash in a move to allay anti-trust concerns in MCI’s proposed merger with WorldCom (NASDAQ:WCOM) […]

A barrage of anti-trust lawyers, flocks of software critics, and a billion dollars can’t do what PC box makers can do to Microsoft–turn off the juice simply by creating their own desktop interfaces. Welcome to the future of everything Internet. We believe that PC maker Gateway (NYSE:GTW)–which quietly built its Gateway.net Web access effort through […]

  27-May-98 point change % change ISDEX 135.68 -2.37 -1.72% ISDEX Price Wtd. 1,450.47 39.20 2.78% NASDAQ 1,781.10 3.01 0.17% DJIA 8,936.57 -27.16 -0.30% USWeb (NASDAQ:USWB) shares gain 20% to $20.625 per share today on news the turnkey Web presence firm and studio will provide NBC with Web services in a multi-million dollar agreement that […]

Eight weeks ago we told the Wall Street Journal reporter who asked us which way Internet stocks were headed that the high-flyers making headlines could give up 15% to 20% of their runs, and that the others that hadn’t run may find some legs. Well, here it is. Since May 19, ISDEX, The Internet Stock […]

Internet services provider Verio Inc. today released results for the first quarter of 1998, posting a net loss of $28.4 million and $21.2 million in revenues. In comparison, net loss for the first quarter of 1997 was $4.7 million, while revenues increased 380% from $4.4 million reported for the same period last year. The company […]

  26-May-98 point change % change ISDEX 138.05 -7.07 -4.87% ISDEX Price Wtd. 1,411.27 -81.92 -5.49% NASDAQ 1,778.09 -26.91 -1.49% DJIA 8,963.73 -150.71 -1.65% Netscape (NASDAQ:NSCP) beats Wall Street’s gloomy forecast with its first quarter net income coming in at breakeven vs. an expected loss of $0.10 per share. It decides to take the loss […]

First reader up this week: “Has PointCast set an estimated date (or at least week or month) for its’ IPO?” Reply: When any firm first files for an initial public offering an exact date is not given because there’s a whole process involved in filing, updating that filing, going on a ‘road show’ where senior […]

Given the push and pull of Internet stocks based on the stock market’s ‘Prosaic meets Viagra’ muse it will be an exercise in the laws of physics to see NetGravity’s planned initial public offer. The Web ad/marketing software maker wants to sell 3 million shares at $10 through a team of underwriters led by BancAmerica […]

  22-May-98 point change % change ISDEX 145.12 -3.38 -2.28% ISDEX Price Wtd. 1,493.19 -41.56 -2.71% NASDAQ 1,805.00 -15.99 -0.88% DJIA 9,114.44 -17.93 -0.20% Verio (NASDAQ:VRIO) is the subject of takeover speculation just a week after going public. IPOed at $23 May 12, flirted with $30 and closes today at $24.375. Although some believe a […]