Steve Harmon

Microsoft Corp. reported today a 2-for-1 stock split, which will double the amount of current shares to 2.4 billion. Shareholders will receive one additional share for each stock held on February 6, 1998. The new shares will be sent to stockholders on or about February 20, 1998. “We continue to hear from investors that they […]

First reader up this week writes: “With Internet-based commerce growing, myself adding to the phenomenon, I’ve considered package shipping companies such as Airborne Freight and Federal Express to benefit tremendously from the trend. What are your thoughts of the secondary beneficiaries of e-commerce?” Reply: We need only look as far as the recent U.S. Postal […]

ISDEX & Market Moves Snapshot   26-Jan-98 % change point change ISDEX Average 104.65 -1.78% -1.90 ISDEX Composite 833.09 -2.60% -22.22 NASDAQ 1,561.46 -0.92% -14.47 DJIA 7,712.94 0.16% 12.21 Earthlink Network (NASDAQ:ELNK) gets upgraded to “outperform” from “market perform” from Everen Securities which rated the Internet service provider on valuation and short-term attractiveness. Security Dynamics […]

Excite, Inc. reported revenue of $18.7 million for the quarter ended December 31, 1997, up 30% for the previous quarter ended September 30, 1997. The company states that total revenue for 1997 was $50.2 million, with pro forma losses for the year totaling $17.0 million or $1.20 per share. Total revenues for 1996 were $14.8 […]

ISDEX & Market Moves Snapshot   23-Jan-98 % change point change ISDEX Average 106.55 -0.55% -0.59 ISDEX Composite 855.31 0.00% 0.00 NASDAQ 1,575.93 -0.04% -0.58 DJIA 7,700.74 -0.39% -30.14 Infoseek (NASDAQ:SEEK) seeks capital, plans to sell 2.5 million to 3 million shares of common to be used for general corporate purposes, capital expenditures, and working […]

Netscape got religion on the power of “free” and decided to give its popular client away, a move we encouraged here in this report , and one that found its way into the hallowed halls of the Mountain View, CA software maker. The pioneering software developer, which defined the Internet in many ways, went a […]

Like riding the Matterhorn at Disneyland, investing in Internet companies comes with its own ups and downs, many times with the same firm. Web-based auction service Onsale (NASDAQ:ONSL) provides perfect anecdotal evidence of the on-again adrenaline ride Wall Street plays. ONSL tops our list of gainers since January 13, up 47%. Long-time let’s wait and […]

Intuit, Inc. and Excite announced today the launch of the QuickMortgage Refinance Center, an online resource for users interested in refinancing their home loans. The Refinance Center is accessible from both Intuit’s Home and Mortgage department on Quicken.com and Excite’s Business and Investing Channel by Quicken.com. Visitors to the online resource will be able to […]

ISDEX & Market Moves Snapshot   22-Jan-98 % change point change ISDEX Average 107.14 -2.73% -3.01 ISDEX Composite 855.31 -2.69% -23.69 NASDAQ 1,576.51 -0.72% -11.41 DJIA 7,730.88 -0.81% -63.52 Netscape (NASDAQ:NSCP) decides to give away its browser and goes a step further by putting the source code on the Web for programmers to use and […]

ISDEX & Market Moves Snapshot   21-Jan-98 % change point change ISDEX Average 110.15 1.19% 1.29 ISDEX Composite 879.00 0.35% 3.06 NASDAQ 1,587.92 -0.14% -2.22 DJIA 7,794.40 -1.00% -78.72 USWeb (NASDAQ:USWB) reports $10.6 million sales on $19 million loss for fourth quarter. Full year results reach $19.3 million sales and $53.3 million loss. USWeb says […]

Microsoft Corporation announced today net income of $1.13 billion, and earnings of $0.85 per share for the quarter ended December 31, 1997. This marks a 49% increase over the $0.57 earnings per share for the same quarter last year, according to the company. Microsoft also reports that revenues totaled $3.59 billion, a 34% increase over […]

In the mad rush of Internet commerce, which Yankee Group estimated at $800 million this past holiday season on its way to a $2.74 billion arena for all of 1997, doubling to more than $5 billion this year, who’s hot and not? Certainly not the toolmakers, software developers that have taken on this huge agenda. […]