Steve Harmon

N2K Inc., the New York-based Internet music entertainment company, announced today it is making a public offering of 3,125,722 shares of common stock. N2K will sell two million shares, with the remaining shares offered by other stockholders. Currently the stock is trading at around $33 a share. The company also said that underwriters have been […]

Internet computer retailer Cyberian Outpost Inc. said it closed a $22 million second-round financing of private equity capital. The investment was led by Primus Venture Partners and Brand Equity Ventures, and included T. Rowe Price’s Threshold Fund, Winfield Capital Corp. and Connecticut Innovations Inc. BT Alex. Brown acted as the placement agent. The company said […]

On a price weighted basis, ISDEX jumped almost as much in the past week as the Dow has all year, led by strong gains in the navigation stocks such as Excite (NASDAQ:XCIT), Lycos (NASDAQ:LCOS), Infoseek (NASDAQ:SEEK), and DoubleClick (NASDAQ:DCLK). Stronger than expected earnings in Yahoo! (NASDAQ:YHOO) helped reignite the navigation cluster while DCLK moved on […]

Market Close Snapshot   15-Apr-98 % change point change ISDEX 170.66 1.89% 3.17 ISDEX Price Weighted Composite 1,754.25 1.67% 28.88 NASDAQ 1,863.26 1.10% 20.23 DJIA 9,162.27 0.57% 52.07 Infoseek (NASDAQ:SEEK) rockets 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 […]

Market Close Snapshot   14-Apr-98 % change point change ISDEX 167.49 2.11% 3.46 ISDEX Price Weighted Composite 1,725.38 1.70% 28.81 NASDAQ 1,843.03 0.99% 18.08 DJIA 9,110.20 1.09% 97.90 Infoseek (NASDAQ:SEEK) agrees to acquire free home page web community WBS for 350,000 SEEK shares or about $6.7 million based on recent price. WBS counts 2.7 million […]

Its stock jumped 20% to an all-time high of more than $92 per share April 13, its market cap sits at over $945 million, it posted a $5.8 million loss in the latest quarter, and the question remains: is CMG Information Services still hot? Perhaps. Why? despite an alphabet soup name, CMG invests in Internet […]

Scotts Valley, CA-based Site Technologies Inc. reported a first quarter net loss of $1.2 million or $0.15 per share compared to a net loss of $2.5 million or $1.01 per share in the same period in 1997. Revenues for the quarter ended March 31, 1998 decreased approximately 83% to $170,000 compared to $1.02 million in […]

The stock of direct-marketer turned Internet venture investor firm CMG Information Services (NASDAQ:CMGI) soared today, up 20% to a new all-time high of $91.75 per share on no news. But we suspect that institutional buying of this “public venture capital” outfit may be fueling the rise. At $973 million market capitalization CMGI may look frothy […]

First reader up this week asks: “I’d like to know what metrics are used to value Yahoo! and Excite (or search engines in general). It seems that Yahoo! trades at something like 50x sales while Excite is 10-20 times sales. Is this an ‘arbitrage’ opportunity or is there something else (besides Yahoo! being No. 1) […]

Market Close Snapshot   13-Apr-98 % change point change ISDEX 164.03 0.46% 0.75 ISDEX Price Weighted Composite 1,696.56 1.55% 25.89 NASDAQ 1,824.95 0.26% 4.71 DJIA 9,012.30 0.19% 17.44 Versant Object Technologies (NASDAQ:VSNT) warns of a $0.63 and $0.66 per share first quarter loss based on weaker than expected license revenue. Wall Street forecast only an […]

U.S. Markets Closed for Good Friday.

For all the huffing and puffing going on about Microsoft, one thing is certain–it’s not afraid of acquiring Internet pioneers. The latest dip in the perpetual deal pool has them snagging Firefly for what we estimate could be as high as $250 million to $300 million. Firefly’s software technology works in the background matching user […]