Steve Harmon

Excite (NASDAQ:XCIT) filed Feb. 24 to sell 3.9 million shares in a secondary offering that will raise almost $170 million. We think the move could vault it head-to-head with Yahoo! (NASDAQ:YHOO) in a race for first in the navigation space. Yahoo! can also do a secondary and cash up beyond the $100 million it’s sitting […]

ISDEX & Market Moves Snapshot   25-Feb-98 % change point change ISDEX Geometric Average 129.35 -0.59% -0.77 ISDEX Price Weighted Composite 989.19 0.25% 2.47 NASDAQ 1,766.47 1.60% 27.76 DJIA 8,457.78 1.05% 87.68 AOL (NYSE:AOL) reports that its European membership is at 1 million members. The joint venture with one of the world’s largest media companies, […]

USWeb Corporation, an Internet consulting firm, announced a follow-on stock offering of 5,000,000 shares of its common stock. USWeb registered with the Securities and Exchange Commission its intent to sell 1 million shares and certain stockholders of the company will sell 4,000,000. The managing underwriters are Hambrecht & Quist, LCC; Donaldson, Lufkin & Jenrette, Wessels, […]

If investors treated CDnow on the same trailing revenue basis as rival N2K perhaps shares in the Web-based music e-tailer could be trading north of $30 a pop. Both firms hover at about $300 million market cap, and both ran about 35% since going public, but it’s CDnow’s revenue leadership so far that’s the key […]

ISDEX & Market Moves Snapshot   24-Feb-98 % change point change ISDEX Geometric Average 130.12 0.10% 0.13 ISDEX Price Weighted Composite 986.72 -1.29% -12.94 NASDAQ 1,738.71 -0.74% -13.05 DJIA 8,370.10 -0.48% -40.10 Lycos (NASDAQ:LCOS) signs a three-year agreement with magazine subscription firm The Electronic Newsstand which will pay the search and navigation firm $10.5 million […]

The emerging consolidation of Internet security software continues with Network Associates agreeing to acquire Trusted Information Systems (NASDAQ:TISX) for $300 million stock or 0.323 shares for each share of TISX. That’s $20.188 per share based on Network Associates (NASDAQ:NETA) closing price of $62.50. That represents a 60% premium to the price of Trusted Information shares, […]

MarketCentral said it re-launched its Stock Market Investing Super Site with a redesign that offers additional content, including online merchants, and is more user friendly. New features include a Market Movers and Losers area, stock charts, quick quotes, research reports and individual stock analysis. The site also offers free investment newsletters, an investment guide, stock […]

Priority One Electronic Commerce Corp. in Akron, PA said it signed a representation deal naming FMC Capital Markets Inc. of Naples, FL as a consultant to arrange private financing for the company. Priority One is a privately held company that has developed a software system designed to help small and mid-sized companies collect their receivables […]

ISDEX & Market Moves Snapshot   23-Feb-98 % change point change ISDEX Geometric Average 129.99 4.88% 6.05 ISDEX Price Weighted Composite 999.66 3.61% 34.84 NASDAQ 1,751.76 1.37% 23.63 DJIA 8,410.20 -0.04% -3.74 Trusted Information Systems (NASDAQ:TISX) agrees to be acquired for $300 million stock or 0.323 shares from Network Associates (NASDAQ:NETA). The $20.188 per share […]

First reader up this week: “I think the idea of Internet through cable is fantastic. Just include it in the monthly fee. If you want Internet and a telephone too, you need 2 lines and 2 numbers, and doesn’t the phone company love that.” Reply: Our analysis of upgrade costs for cable Internet shows that […]

Online music retailer N2K Inc. reported a net loss for the year ending Dec. 31 of $28.73 million, or $5.88 per share, compared to a net loss of $18.9 million, or $6.85 per share, for the prior year. Revenues for the year were $11.26 million compared with $1.66 million for the prior year. Revenues for […]

ISDEX & Market Moves Snapshot   20-Feb-98 % change point change ISDEX Geometric Average 123.94 -0.02% -0.03 ISDEX Price Weighted Composite 964.81 0.43% 4.09 NASDAQ 1,728.13 0.06% 1.12 DJIA 8,413.94 0.46% 38.36 DoubleClick (NASDAQ:DCLK) goes public at $17 per share and surges more than 70% before backing off and closing up more than 50% on […]