Steve Harmon

Giant slalom at 70 MPH and triple spins on hard ice are moves de jour at Nagano, where the world’s greatest athletes twist and turn for glory. Of course, anyone familiar with the hot and cold nature of investor sentiment when it comes to the lineup of Internet stocks knows that there’s equally a run […]

Travel site TheTrip.com said it has received a multi-million dollar second round of financing from Hollinger Digital, the new media management and investment arm of Hollinger International Inc. Antoine Toffa, president and CEO of the travel services company that received its initial financing from U S West, said: “With the addition of Hollinger Digital to […]

Reston, VA-based CyberCash Inc., a provider of secure Internet commerce solutions, reported revenues of $4.5 million for 1997, up from $127,000 in 1996. For the year, the company, still in startup mode, reported a net loss applicable to shareholders of $26.50 million, compared to a loss of $26.54 million the previous year. For the fourth […]

ISDEX & Market Moves Snapshot   11-Feb-98 % change point change ISDEX Geometric Average 122.17 2.85% 3.39 ISDEX Price Weighted Composite 955.72 2.85% 26.50 NASDAQ 1,708.55 -0.03% -0.49 DJIA 8,314.55 0.23% 18.94 note:Raptor removed       merged w/Axent       Earthlink Network (NASDAQ:ELNK) inks a multi-year bonanza deal with Sprint (NASDAQ:FON). Here’s the […]

AOL (NYSE:AOL) found a way to pay for its network upgrade: hike monthly access fees by two dollars creating $198 million bonanza according to our number crunching. That was the news coming hot off the modem as AOL’s Steve Case explained the hike in rates wouldn’t add to AOL’s (NYSE:AOL) bottom line but would help […]

PSINet Inc. reported it earned $34.8 million in the fourth quarter ended December 31, 1997, an increase of 52% from the revenues reported the same period the prior year of $22 million. Total earnings for the year were $121.9 million, a 45% increase over the prior year’s annual earnings of $84.4 million. The net loss […]

ISDEX & Market Moves Snapshot   10-Feb-98 % change point change ISDEX Geometric Average 118.78 3.25% 3.74 ISDEX Price Weighted Composite 944.60 3.14% 28.74 NASDAQ 1,709.04 1.10% 18.61 DJIA 8,295.61 1.41% 115.09 AOL (NYSE:AOL) reports net income of $20.8 million, or $0.17 per share on a diluted basis for its fiscal 1998 second quarter ended […]

If advertisers get picky, then the whole business model for Web ads could get ugly or simply bot. Just when you think the Web has fused old media and new, perhaps the general consensus is not on target in a medium full of targets but few arrows. Here’s the logic: How many times when you’re […]

Online grocer Peapod Inc. posted a 90% revenue increase for the fourth quarter, to $18.0 million from $9.5 million a year ago. Fourth quarter net loss was $4.2 million versus a loss of $3.4 million for the same quarter in 1996. Revenues for the year ended Dec. 31, 1997 were $59.6 million, up 104% from […]

Our letter to IBM chief Lou Gerstner (ISR February 6) brought about a flurry of e-mails, both positive and negative, about the fate of Big Blue vs. nemesis in market value Microsoft. Here’s a few snippets: “I have been researching this subject for a while. IBM has never understood the power of software. And when […]

ISDEX & Market Moves Snapshot   09-Feb-98 % change point change ISDEX Geometric Average 115.04 1.46% 1.65 ISDEX Price Weighted Composite 915.86 2.33% 20.86 NASDAQ 1,690.43 -0.23% -3.92 DJIA 8,180.52 -0.11% -8.97 AOL (NYSE:AOL) shares soar more than 12% to a new closing high of $110.438 after the leading online service announces key moves to: […]

Dear Lou: Congrats on the news February 4 on the IBM’s PC chip that broke the 1,000 MHz or 1 billion cycles per second barrier. That makes a Pentium 2 look like a go-cart at the Indy 500. Incredible. Forget Moore’s Law, here’s Lou’s law: Take the existing chip speed and triple it, making silicon […]