Steve Harmon

  15-May-98 point change % change ISDEX 154.75 -2.76 -1.75% ISDEX Price Wtd. 1,584.25 -33.81 -2.09% NASDAQ 1,846.77 -18.59 -1.00% DJIA 9,096.00 -76.23 -0.83% Lycos (NASDAQ:LCOS) shares fall 6.7% to $63.375 per share on heavier than normal volume on a planned 3 million share offer which will dilute future earnings–or so those that sold think. […]

  14-May-98 % change point change ISDEX 157.51 0.17% 0.27 ISDEX Price Wtd. 1,618.06 0.10% 1.56 NASDAQ 1,865.36 -0.04% -0.82 DJIA 9,172.23 -0.43% -39.61 Pointcast finally files to go public, 3.75 million shares at a target of $11 per share. We think this could be one of those high-profile Internet stock offers along the lines […]

Talks of rising interest rates in the U.S. have caused the market to gyrate more than the Internet dancing 3-D baby. But the disco meets Wall Street beat failed to stop a week-long drop in ISDEX, The Internet Stock Index, May 13. Leading the week was Web-based auctioneer ONSALE (NASDAQ:ONSL) which rose on a tout […]

It’s getting to be a Mickey Mouse affair of counting Web users, page views and thumb twitching. Case in point: Disney.com is now in the top 10 Web sites according to the latest results from Relevant Knowledge. In our Website Value Index we estimate its site could be valued at $400 million in the media […]

  13-May-98 % change point change ISDEX 157.24 1.58% 2.45 ISDEX Price Wtd. 1,616.50 2.63% 41.38 NASDAQ 1,866.18 0.32% 6.02 DJIA 9,211.84 0.55% 50.07 USWeb NASDAQ:USWB) agrees to acquire Gray Peak Technologies (GPT) in a stock deal valued between $80 million to $100 million. The GPT acquisition will allow USWeb to offer more network integration, […]

CyberCash Inc. reported revenues of $1.14 million for the three months ended March 31, up from $155,000 for the first quarter of 1997. Nonetheless, the provider of secure electronic commerce solutions posted a net loss for the quarter of $5.6 million, down from a loss of $9.2 million for the same period a year ago. […]

Today marks the opening of the largest Internet trade show and conference in the United Kingdom, Internet World UK. We parachuted in to give you a heads up on what’s hot in the land up over. Here’s a few soundbytes from the floor: Don’t count CyberCash as the only one seeking to provide e-commerce payment […]

  12-May-98 % change point change ISDEX 154.79 -1.07% -1.67 ISDEX Price Wtd. 1,575.13 -2.13% -34.34 NASDAQ 1,860.16 0.65% 12.09 DJIA 9,161.77 0.77% 70.25 CNET (NASDAQ:CNWK) agrees to acquire U.Vision/ComputerESP for 545k shares of CNWK, about $21.2 million. ComputerESP allows buyers to search for products and availability on computer items. Direct or indirect rivals: Yahoo […]

Electronic commerce company Sterling Commerce Inc. said revenue for its second fiscal quarter ended March 31 was $111.1 million, up 40% over last year’s $79.5 million. Second quarter diluted earnings per share were $.29, an increase of 26% over last year’s $.23. For the first six months, revenue increased 41% to $217.4 million, and diluted […]

First reader up this week looks for the techno angle: “What is the technology that will make the sites much more interesting, in multi-media format . . . that might cause someone to change entrance points. Will this technology be available to all immediately or will one site gain a technical edge? Any thoughts?” Reply: […]

Forman Interactive Corp. in New York City said it has closed on a round of financing with Zackfoot Investments LLC and others. The Secaucus, NJ-based venture capital firm Capital Express LLC, one of the earlier investors and a stockholder in the company, also participated in this round. In January of this year, Zackfoot Investments LLC […]

Its latest quarterly results show 100% Internet-based e-tailer Egghead.com (NASDAQ:EGGS) in transition from bricks and mortar to clicks and modems. Our analysis shows that we think the worst may be over for EGGS and that with its cash, brand, and deals it could command a multiple at least in line with peer ONSALE (NASDAQ:ONSL). If […]