Steve Harmon

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 […]

07-May-98 % change point change ISDEX 158.47 -2.04% -3.30 ISDEX Price Wtd. 1,643.75 -1.76% -29.47 NASDAQ 1,835.14 -1.16% -21.54 DJIA 8,976.68 -0.86% -77.97 Market Guide (NASDAQ:MARG) reports fourth quarter ended February 28, 1998 revenues jump 60% to a record $2 million while net income is $112,862 or $0.02 per share vs. a loss per […]

While Web site values per unique monthly user maintained the $70ish average level for the top 10 sites, the acquisitive Lycos, which agreed to acquire WiseWire in the directory space, shot up nearly 15% while its rivals were running to stand still. Our latest number crunching shows that without value premium leader Yahoo! (NASDAQ:YHOO) in […]

Egghead.com Inc., which recently transitioned from bricks and mortar to virtual stores, reported a net loss for the fourth quarter of fiscal 1998 of $35.0 million, or $1.51 per share. That compares to a net loss of $35.9 million or $2.04 per share for the comparable period of fiscal 1997. The loss for the fiscal […]

With most of the first quarter revenue and earnings (or losses) posted, investors haven’t been disappointed with actual results vs. expectations. Most of the 60%-plus run in ISDEX year to date was on the “real business” and bottom-line nature of the firms starting to emerge. So far. >From Yahoo!’s (NASDAQ:YHOO) better-than-expected earnings per share to […]

Internet mortgage and loan provider GetSmart.com today announced a series of new content and marketing agreements with major Web players totaling $13 million. The company signed partnerships with “portal sites” Yahoo!, Infoseek, and Lycos, online information and search site Wired Digital, and Internet advertising solutions provider DoubleClick Inc.. Burlingame, CA-based GetSmart said spending levels will […]

Excite’s (NASDAQ:XCIT) deal announced on May 4 to pay Netscape $70 million to provide search services caused XCIT to drop 8% to $66.75 per share on May 5 as Wall Street says “whoa” to the size of the deal for a company with waning browser share. Excite expects to gain about 10 million page views […]

Lycos, Inc. and electronic software distributor TestDrive Corp. entered into a three-year agreement that names TestDrive as the exclusive software reseller for both the Lycos Shopping Network and new Tripod Shopping Zone sites. The alliance calls for TestDrive to exclusively merchandise games, productivity, entertainment, and other software titles on special sections of the Lycos and […]

The Federal Trade Commission published a proposal regarding the applicability of its consumer protection rules to electronic media, including the Internet, e-mail, and CD-ROMs. The proposal seeks public comments to initiate a dialogue with the goal of formulating a formal policy statement. The FTC said it wants to clarify that while most offline rules apply […]

06-May-98 % change point change ISDEX 161.77 -1.29% -2.12 ISDEX Price Wtd. 1,673.22 -1.59% -27.03 NASDAQ 1,856.68 -0.44% -8.23 DJIA 9,054.65 -1.02% -92.92 AOL (NYSE:AOL) posts earnings before charges of $0.16 per share. With charges and without tax credits reported net income for the quarter is $18.6 million, or $0.08 per diluted share. Revenue […]

Just as 1998 began to look like the year Internet initial public stock offers were waning, a heated up after-market has turned Wall Street and the Web into the hottest show of the season. Our snapshot of three of the IPOs shows them up an average 228% from offer price and now trading at an […]

Market Close Snapshot   05-May-98 % change point change ISDEX 163.89 -1.61% -2.69 ISDEX Price Wtd. 1,700.25 -2.27% -39.50 NASDAQ 1,864.91 -0.74% -13.95 DJIA 9,147.57 -0.49% -45.09 Excite (NASDAQ:XCIT) deal announced yesterday to pay Netscape $70 million to provide search services causes XCIT to drop 8% to $66.75 per share today as Wall Street says […]