Steve Harmon

ISDEX & Market Moves Snapshot   13-Mar-98 % change point change ISDEX 145.50 0.53% 0.76 NASDAQ 1,771.66 0.43% 7.60 DJIA 8,602.52 -0.66% -57.04 CMG Information (NASDAQ:CMGI) reports net revenues up 13% to $17.8 million for its second quarter ended January 31. That doesn’t include the impact of deconsolidating its position in Lycos (NASDAQ:LCOS).CMG bottom line […]

In 1994 you could count Internet stocks on one hand and still have three fingers unaccounted for. Four score and dozens of stock offers later, an industry on hyper-growth now has more than 100 stocks in all flavors. One need only walk the floor of Spring Internet World, going on now at the Los Angeles […]

ISDEX & Market Moves Snapshot   12-Mar-98 % change point change ISDEX 145.79 0.64% 0.93 ISDEX Composite 1,111.47 -0.31% -3.50 NASDAQ 1,764.06 0.41% 7.21 DJIA 8,659.56 -0.19% -16.19 CMG Info (NASDAQ:CMGI), (which really should consider chaning its name to @Ventures due to its venture focus), acquires Accipiter, which does Internet advertising management solutions, for $35 […]

Investors pushed commerce-friendly shares of ONSALE (NASDAQ:ONSL) up 31% the past week as a new breed of buyer scoured the Internet stock space looking for anything that could capitalize on the plethora of buyers and sellers moving to the Web. Our number crunching shows ONSL led the ISDEX pack followed closely by yet another high […]

Bank of Montreal’s InvestorLine discount brokerage service announced that the over 700 mutual funds it currently offers will now be available through its Web site, InvestorLine OnLine. “Our customers have embraced the convenience that online trading gives them,” said Bruce Schwenger, President of InvestorLine. “Since we launched InvestorLine OnLine in May, more than 15 percent […]

ISDEX & Market Moves Snapshot   11-Mar-98 % change point change ISDEX 144.86 -1.56% -2.30 ISDEX Composite 1,114.97 -2.62% -29.95 NASDAQ 1,756.85 0.48% 8.34 DJIA 8,675.75 0.38% 32.63 PSINet (NASDAQ:PSIX) agrees to lease undersea fiber-optic cable from Global Crossing Ltd., which connects the U.S. and Europe. Term: 25 years. Terms: undisclosed. PSI is slowly building […]

It’s tongue in cheek or mouse in modem to slam Internet stocks as overvalued, risky, and volatile. What Wall Street forgot, however, was that with those three elements also comes reward. Those few who believed last year when ISDEX was at 63 are in the money today as ISDEX soared to more than 140 the […]

ISDEX & Market Moves Snapshot   11-Mar-98 % change point change ISDEX 144.86 -1.56% -2.30 ISDEX Composite 1,114.97 -2.62% -29.95 NASDAQ 1,756.85 0.48% 8.34 DJIA 8,675.75 0.38% 32.63 PSINet (NASDAQ:PSIX) agrees to lease undersea fiber-optic cable from Global Crossing Ltd., which connects the U.S. and Europe. Term: 25 years. Terms: undisclosed. PSI is slowly building […]

First reader up this week: “Steve, getting a patent approved is a time consuming process. I suppose Open Market now has the right to receive royalties from licensing. It may also mean it can threaten or actually sue other companies which are using a patented process. Maybe it just means the company was congratulating itself […]

The shortest month of the year saw Internet stocks zoom to record highs, volume, and perhaps a newfound awareness with investors who may start to realize there’s more to Web stocks than Netscape, Yahoo!, or Amazon.com. Our exclusive analysis of ISDEX, Internet Stock Index, shows that since October 10, 1996, the all-time high for this […]

ISDEX & Market Moves Snapshot   05-Mar-98 % change point change ISDEX 134.50 -1.34% -1.83 ISDEX Price Weighted Composite 1,036.78 -0.53% -5.50 NASDAQ 1,711.92 -2.72% -47.78 DJIA 8,444.33 -1.11% -94.91 Netscape Communications (NASDAQ:NSCP) makes its draft version of the Netscape Public License (NPL) available through mozilla.org for review. The license brings Netscape closer to its […]

Networking software and services developer Banyan Systems Incorporated announced today it received a $10 million equity investment from HarbourVest Partners. Under the agreement, the company said HarbourVest is privately purchasing 263,158 shares of Series A convertible preferred Banyan stock at a price of $38.00 per share. At a conversion rate of 10 common shares for […]