Steve Harmon

First reader up this week writes: “Dear Steve: what is the future of CMGI?” Reply: The future is now. I have always seen CMGI (NASDAQ:CMGI) as a public venture capital/holding company for Internet firms. More of the same but the game is more expensive with rewards also likely growing. Consider, CMGI investing $100 million in […]

The week ends in trading with the specter of interest rates causing a selloff today as all the indices lose ground. ISDEX drops 1% to 550.79, with about 2/3rds of the 50-stock index losing value. Broadcom (NASDAQ:BRCM) gains 7% to $107 as news of cheaper cable modems may translate into a wider-spread installed base sooner […]

A slew of Internet companies filing to go public has tapped a large part of the public’s demand for these issues and left the aftermarket for the entire group much more diluted. It happens from about every quarter or six months with too many deals chasing too few dollars. The numbers tell it: internet.com’s IPODEX […]

Once the fear of interest rate increases creeps into the market it’s like an uninvited gnat swimming in the soup of an otherwise bullish market. However, even as the indices all pluck the bug from their eye today’s market action is not all down since losses only hover in the 1% range or less from […]

Valuations look like they may be starting to shake, shimmer and she-bop as most of the top 10 Web sites head south for an early summer swelter. Combined the group lost 4.6% the past week according to my number crunching. The only bright spot was Lycos (NASDAQ:LCOS), recovering from a long date of disco dancing […]

The fear of a Fed rate increase subsides today as investors start to believe that the bark and bite are not the same thing if interest rates do go up. Internet stocks regain most of yesterday’s loss, the current ISDEX value is 580.05 with a change of+7.12 (+1.24%). Amazon.com (NASDAQ:AMZN) files a shelf registration for […]

Perhaps it’s just coincidence but maybe there’s something to the fact that Star Wars Episode 1, The Phantom Menace, opens soon while another phantom menace also has been stirring: Alan Greenspan, the man who has yet to log onto AOL for the first time and has trouble spelling it. I am a big Greenspan fan […]

The overall market takes a haircut as investors take cues from the Federal Reserve which indicates that it may raise interest rates in the near future if need be. The current ISDEX value is 572.93 with a change of -6.07(-1.05%). Lycos (NASDAQ:LCOS) posts strong results with revenue up 132% to $35.2 million for the quarter. […]

Four score and so many reruns of Fantasy Island ago many media and technology companies spent billions of dollars envisioning a new media they dubbed interactive television. The heart of it was you could zap and watch a video on demand. Time Warner, Microsoft, the Baby Bells, TCI and tons of others in 1995 touted […]

Volatile is as volatile does, to borrow a line from the classic film Forrest Gump. On the plus side of swings today’s ISDEX jumps 2.6% to 579 while the Dow get s slight haircut and the NASDAQ pops slightly as rate rising fears ease somewhat. The snapshot: Beyond.com (NASDAQ:BYND) pops on no news but what […]

First reader up this week writes: “Dear Steve: morning report (5-14) referred to the fact that the Net may have a lot of pages added /day. I agree and find myself using Miningco.com more often because I can’t keep track. What do you think of this stock as an independent or takeover? If you have […]

As summer draws near Internet stocks cool off with only 8 of the 50 ISDEX stocks finding that warm fuzzy feeling, that is to say, ending up today. Technology shares also simmer down as anything tech-related gets relegated to the interest-rate worry game. In case you hadn’t heard consumer prices apparently popped a bit too […]