Steve Harmon

Internet music retailer CDnow Inc. said revenue for the first quarter ended March 31 was $10.0 million, a 288% increase from $2.6 million in the same period a year earlier. The company posted a net loss for the first quarter of $9.2 million, or $0.78 per share, compared to a net loss of $544,000, or […]

Toronto-based Internet auction firm Internet Liquidators International Inc. said revenues have grown from $2.6 million for the 12 months ending December 31, 1997 to $1.8 million for the three months ending March 31. Revenues for the same quarter a year earlier were $23,185. The company posted a net loss for the first quarter of $3.26 […]

Market Close Snapshot   04-May-98 % change point change ISDEX 166.58 1.13% 1.86 ISDEX Price Wtd. 1,739.75 1.92% 32.84 NASDAQ 1,878.86 0.29% 5.42 DJIA 9,192.66 0.50% 45.59 Lycos (NASDAQ:LCOS) inks a deal with AT&T (NYSE:T) to offer Lycos Online, powered by AT&T WorldNet, a hybrid Web-online service that combines AT&T’s dial-up Internet access with Lycos’ […]

First reader up this week asks: “Could you tell me what CyberCash’s market share is in terms of Internet payment processing?” Reply: CyberCash (NASDAQ:CYCH) has always looked to us like a solution in search of a problem. In 1994, when it debuted, the idea of buying something over the Internet was unheard of so CyberCash […]

Electronic commerce firm MPACT Immedia said it has entered into an agreement with a syndicate of underwriters to issue 2 million Special Warrants at $6.50 per share in a private placement for gross proceeds of $13 million Canadian. The syndicate is led by CIBC Wood Gundy Securities Inc. and includes Midland Walwyn Capital Inc. and […]

Redwood City, CA-based BroadVision Inc. reported revenues for the quarter ending March 31 were $10.1 million, an increase over revenues of $5.3 million in the first quarter of 1997. The provider of one-to-one Internet applications for relationship management posted a net loss for the first period of $499,000, or $0.02 per share, compared to a […]

Market Close Snapshot   01-May-98 % change point change ISDEX 164.72 -0.40% -0.66 ISDEX Price Wtd. 1,706.91 0.44% 7.41 NASDAQ 1,873.44 0.27% 5.03 DJIA 9,147.07 0.92% 83.70 Mindspring (NASDAQ:MSPG) files to sell 1.65 million shares of its stock, 1 million new shares and 650k from selling stockholders. Looks like many Internet firms are cashing up […]

What do Koko the chatting gorilla and K-tel have in common? The “anything goes species” out there in Internet land. America Online (NYSE:AOL) reported that the chat event it held the other day for its members and Koko the gorilla, who speaks sign language, was one of the top chat events in its history, ranking […]

Now that GeoCities has hired a CEO to turn the freebie Websteader into something resembling an online service, what is this community possibly worth as rumors abound that it may go public? GeoCities, the largest Websteader on the Internet with its reported 1.7 million members, named Thomas Evans, president and publisher of U.S. News & […]

Market Close Snapshot   30-Apr-98 % change point change ISDEX 165.38 1.00% 1.63 ISDEX Price Wtd. 1,699.50 1.58% 26.38 NASDAQ 1,868.41 0.91% 16.77 DJIA 9,063.37 1.25% 111.85 Lycos (NASDAQ:LCOS), an Internet navigation service, continues its aggressive moves in the Web guide space by agreeing to acquire WiseWire for $39.75 million in LCOS shares. WiseWire sorts […]

Market Close Snapshot   29-Apr-98 % change point change ISDEX 163.75 1.00% 1.62 ISDEX Price Wtd. 1,673.13 1.02% 16.91 NASDAQ 1,851.64 1.09% 19.88 DJIA 8,951.52 0.59% 52.56 Netscape (NASDAQ:NSCP) shares start to find buyers after committing its focus to build out its Web site into a media service. More than 12 million shares trade hands […]

The general market scare-off that hit Wall Street this week amid concerns that the Federal Reserve could raise interest rates pulled Internet stocks in a downward draft as those who don’t believe in long-term value sought cash quickly. Seven of the 50 stocks in ISDEX managed to beat the drop. But despite hiccups in the […]