Steve Harmon

Market Close Snapshot   28-Apr-98 % change point change ISDEX 162.13 5.35% 8.23 ISDEX Price Wtd. 1,656.22 5.99% 93.53 NASDAQ 1,831.76 0.63% 11.45 DJIA 8,898.96 -0.21% -18.68 Amazon.com (NASDAQ:AMZN) — if you’d only listened to our prescient Internet Stock Report, Friday, April 24 when AMZN was $81 per share! AMZN is on fire today, zooms […]

Given its dynamic nature and ability to go where no other medium has gone before, namely everywhere, we forecast that this year’s $1 billion Internet ad expenditures could grow to more than $11 billion in two years on its way to 50%-plus growth the next four years. Fueling such an enormous growth curve are several […]

What many saw as “frothy” valuations and unexplained euphoria finally got creamed today as Internet stocks joined the broader market sell off with Wall Street reacting to the fear that interest rates may be rising. Despite the fear, many observers believe that the Fed’s meeting on May 19 will not produce a hike. The fear […]

Electronic commerce company Harbinger Corp. said its board of directors has declared a three-for-two stock split of its outstanding common shares. The stock split will be payable on May 15 to shareholders of record as of May 1, 1998. Shareholders will receive one additional share of Harbinger common stock for every two shares held on […]

First reader up this week asks: “What is the ticker symbol for Inktomi? Will you give us a heads up when it goes public or can you get on the wagon now?” Reply: We had a lot of readers asking about Inktomi and when it would go public. Remember, Inktomi just filed the S-1, the […]

Internet commerce software developer Open Market, Inc. announced net revenues of $15.2 million and a net loss of $5.8 million for the first quarter of 1998. Net losses equaled $5.8 million or $0.18 per share, compared to a net loss of $41.1 million or $1.39 per share for the same period of 1997. While losses […]

Infoseek Corporation said its 1998 first quarter revenues increased 131% to $14.3 million compared to revenues of $6.2 million for the first quarter of 1997. The Sunnyvale, CA-based company also reported a $1.5 million net loss for the first quarter of 1998, or $0.05 per share, down from $4.1 million, or $0.16 per share for […]

VeriSign, Inc. today announced a loss of $5.2 million and revenues of $4.0 million for the first quarter ended March 31, 1998. The company said the $5.2 million loss represented $.27 per share, compared to a net loss in the quarter ended March 31, 1997 of $3.6 million, or $.21 per share. Net loss for […]

Market Close Snapshot   24-Apr-98 % change point change ISDEX 160.70 -0.88% -1.43 ISDEX Price Wtd. 1,629.50 0.12% 2.03 NASDAQ 1,868.96 -0.66% -12.43 DJIA 9,064.62 -0.86% -78.71 CNET (NASDAQ:CNWK) reports $10.667 million revenue for first quarter ending March 31 with a loss of $5.665 million or $0.38 loss per share. 1Q97 results were $6.318 million […]

If we asked you what was the hottest retail outfit in your home town, chances are you wouldn’t say the local bookstore. So why is Amazon.com (NASDAQ:AMZN) stock doing so well? Plenty of short sellers have interest in AMZN, with its market capitalization that has surpassed $2 billion recently. They’re betting that any stock with […]

Internet music retailer N2K Inc. today reported financial results for the first quarter of the year, citing a six-fold increase over 1Q results for 1997, and a 63% surge in page views during the same period. N2K reported revenues of $7,031,000 for the quarter ended March 31, 1998, compared to $1,116,000 reported for first quarter […]

Market Close Snapshot   23-Apr-98 % change point change ISDEX 162.13 -5.62% -9.66 ISDEX Price Weighted Composite 1,627.47 -6.31% -109.56 NASDAQ 1,881.39 -1.89% -36.22 DJIA 9,143.33 -0.36% -33.39 VeriSign (NASDAQ:VRSN) reports $4 million first quarter revenue ending March 31, 1998, up 216% vs. 1Q97. Losses continue at $5.2 million, or $.27 loss per share. We […]