Steve Harmon

Given the enormous runs of sometimes more than 100% in search and directory stocks the past few weeks, it brought to light that the number two Web site, Netscape.com, ought to be worth more than an Infoseek, which climbed its way past the $1 billion mark. While Netscape’s Web site isn’t a standalone business, we […]

Market Close Snapshot   22-Apr-98 % change point change ISDEX 171.79 -3.79% -6.76 ISDEX Price Weighted Composite 1,737.03 -4.19% -75.94 NASDAQ 1,917.61 0.72% 13.74 DJIA 9,176.72 -0.09% -8.22 Spyglass (NASDAQ:SPYG) reports a $0.19 loss per share on $5 million revenue for its first quarter ending March 31. 1Q97 it had $12 million revenue although that […]

Mecklermedia’s Internet Stock Index is up 78% since January. Just when you thought it couldn’t get any more sizzle, ISDEX gained another 5% this past week. Who’s on top and not? The 50 stocks sorted by ups and downs follows. Driving the ardor seems to be a combination of bottom up zeal, momentum players and […]

Given the high-flying debut of broadband chipmaker Broadcom (NASDAQ:BCRM), which jumped 150% on its initial public offering April 17, we think speedy Net software maker Inktomi’s planned IPO could fare well with Wall Street. Never mind that BCRM trades north of 80x last year’s revenue, on a fully-diluted basis. We look a little closer, though, […]

Market Close Snapshot   21-Apr-98 % change point change ISDEX 178.55 1.17% 2.07 ISDEX Price Weighted Composite 1,812.97 1.10% 19.67 NASDAQ 1,903.87 0.89% 16.73 DJIA 9,184.94 0.47% 43.10 Sportsline (NASDAQ:SPLN) coverage begins from PaineWebber with a “buy” rating. We still like the stock and the franchise, even after its run from January. CNET (NASDAQ:CNWK) reports […]

Atlanta-based XcelleNet Inc., the provider of systems management solutions for remote users that is being acquired by Sterling Commerce, said first quarter revenues increased 6% to $14.2 million, compared to $13.4 million in the first quarter of 1997. Net income for the quarter was $1.3 million, or $0.14 on a diluted earnings per share basis, […]

Market Close Snapshot   20-Apr-98 % change point change ISDEX 176.48 0.98% 1.71 ISDEX Price Weighted Composite 1,793.30 1.51% 26.67 NASDAQ 1,887.14 1.10% 20.54 DJIA 9,141.84 -0.28% -25.66 Yahoo (NASDAQ:YHOO) gets a “buy” rating from DLJ which starts coverage of the stock and $150 per share target price. Even after all the hoopla here comes […]

First reader up this week is a reader with this question: “Outfits such as Time-Warner and News Corp., not to mention the Bells, have the talent, circulations and know-how to blow out of the water all those internet-related outfits you mention. With no anti-trust in Washington, or the states, what’s keeping them from taking this […]

We were all prepared to do an inside look at Inktomi’s initial public offering for today’s report when a flood of e-mails arrived in response to yesterday’s Morning Report that asked us who are the content players on the Internet? As Internet navigation stocks have skyrocketed, it seemed the content producers, the ones that drive […]

Amidst the onslaught of interest in Internet stocks, search software developer Inktomi Corp. filed today to go public to raise about $35 million. Inktomi’s search technology is behind Wired’s HotBot and the soon to debut Microsoft Start. The Berkeley, CA-based firm also makes Traffic Server, software for caching content on the Web, a method that […]

Market Close Snapshot   16-Apr-98 % change point change ISDEX 179.16 4.98% 8.50 ISDEX Price Weighted Composite 1,833.25 4.50% 79.00 NASDAQ 1,858.24 -0.27% -5.02 DJIA 9,076.57 -0.94% -85.70 Infoseek (NASDAQ:SEEK) continues to be the story as 33 million shares traded hands today pushing the shares up another new high at $44.19 per share, 30% over […]

Investors are tuning into the quantity aspect of Web users and forgetting the quality aspect or the missing part of aggregation–owning content. But first the latest. Infoseek (NASDAQ:SEEK) zoomed April 15 to a new all-time high of $34.50 per share on superheavy volume–17 million shares traded–as investors finally start believing that the search and content […]