Investors who spent the past summer guzzling performance-enhancing stock
hype, hitting balls out of the park as easily as Mark McGuire, are now fans
of the new Wall Street pastime: checking the field for gophers a la
Caddyshack. The Dow moved sideways the past week, and NASDAQ got to first
base with a 1% rise while ISDEX, The Internet Stock Index, waited on deck
to take a swing at the plate once again, given the chance.
Just 15 of the 50 stocks in the leading index for Internet stocks posted
gains September 8-15, while the others sat in the stands or moved to the
cheap seats with a pair of binoculars. Check out the latest ISDEX ups and
downs, sorted by advancers:
| ISDEX ( | 15-Sep-98 | % change | Point change | |
The Internet Stock Index | close | from | from | |
www.isdex.com | 08-Sep-98 | 08-Sep-98 | ||
ISDEX | 94.34 | -6.8% | -6.90 | |
ISDEX Price Wtd. Composite | 1,249.13 | -6.9% | -91.89 | |
NASDAQ | 1,678.15 | 1.0% | 17.29 | |
DJIA | 8,024.39 | 0.0% | 3.61 | |
24/7 | TFSM | $12.38 | 16% | $1.75 |
Network | NETA | $40.00 | 16% | $5.56 |
Axent | AXNT | $19.25 | 12% | $2.06 |
IDT | IDTC | $18.63 | 8% | $1.38 |
Broadcom* | BRCM | $72.88 | 6% | $4.38 |
USWeb | USWB | $11.25 | 6% | $0.63 |
Onsale | ONSL | $19.25 | 4% | $0.75 |
CKS | CKSG | $14.50 | 4% | $0.50 |
Mecklermedia | MECK | $22.00 | 3% | $0.69 |
Security | SFNB | $12.88 | 3% | $0.38 |
CyberCash | CYCH | $8.75 | 3% | $0.25 |
America | AOL | $97.50 | 2% | $2.25 |
@Home | ATHM | $34.44 | 2% | $0.75 |
ISS | ISSX | $29.00 | 2% | $0.63 |
E*TRADE | EGRP | $19.13 | 1% | $0.13 |
VocalTec | VOCLF | $8.81 | 0% | $0.00 |
Yahoo! | YHOO | $84.38 | 0% | -$0.25 |
Concentric | CNCX | $17.66 | -1% | -$0.09 |
RealNetworks | RNWK | $19.63 | -1% | -$0.25 |
N2K | NTKI | $8.50 | -3% | -$0.25 |
CheckPoint | CHKPF | $19.31 | -3% | -$0.69 |
WavePhore* | WAVO | $5.75 | -4% | -$0.25 |
PSINet | PSIX | $13.69 | -4% | -$0.63 |
GeoCities* | GCTY | $21.63 | -5% | -$1.13 |
Spyglass | SPYG | $11.88 | -5% | -$0.63 |
Mindspring | MSPG | $33.00 | -6% | -$2.13 |
CDnow | CDNW | $9.25 | -6% | -$0.63 |
Network | NSOL | $29.63 | -7% | -$2.19 |
Open | OTEXF | $12.50 | -7% | -$0.94 |
Netscape | NSCP | $21.25 | -8% | -$1.75 |
Secure | SCUR | $8.13 | -8% | -$0.75 |
Infoseek | SEEK | $19.13 | -9% | -$1.88 |
Earthlink | ELNK | $32.63 | -9% | -$3.38 |
Verisign | VRSN | $25.50 | -10% | -$2.75 |
Open | OMKT | $10.31 | -10% | -$1.13 |
Security | SDTI | $11.03 | -10% | -$1.22 |
Inktomi* | INKT | $59.13 | -12% | -$8.38 |
Egghead.com | EGGS | $6.50 | -13% | -$1.00 |
Excite | XCIT | $26.00 | -13% | -$4.00 |
Verio* | VRIO | $19.94 | -14% | -$3.31 |
Lycos | LCOS | $23.56 | -15% | -$4.13 |
Broadvision | BVSN | $18.50 | -16% | -$3.63 |
Broadcast.com* | BCST | $34.75 | -17% | -$7.20 |
CMG | CMGI | $40.00 | -19% | -$9.63 |
CNET | CNWK | $35.50 | -20% | -$8.75 |
Amazon.Com | AMZN | $72.94 | -21% | -$19.31 |
Doubleclick | DCLK | $19.75 | -23% | -$5.88 |
Sportsline | SPLN | $14.06 | -26% | -$5.06 |
Exodus* | EXDS | $18.00 | -30% | -$7.75 |
Cylink | CYLK | $5.13 | -37% | -$3.06 |
* | ||||
TOTAL | 1,226.00 | -6% | -81.08 | |
SIMPLE AVERAGE | 25.54 | -6% | -1.69 | |
Up from the minors is 24/7 Media (NASDAQ:TFSM), which had its IPO August 14
at $14, flirted with $22.75 per share since and dropped as low as $6.50 in
its nascent life. That’s volatile and beyond debating the ad network firm’s
fundamental outlook. A trading range as wide as that is pure emotion. Or
pathos. TFSM closed September 15 at $12.375, up 16% thanks to deals with
Netscape and coverage by JP Morgan and Merrill Lynch.
Network Associates (NASDAQ:NETA) joined the 16% club on news that its rival
Symantec dropped some code that a Network Associate acquisition claimed to
have created. Also fueling NETA was PC Week Labs naming its Sniffer Pro
best of the protocol analyzers, its 32nd award.
Among other notable news and moves:
the gap between its trading range and the pending offer of $21.21 per share
stock swap from USWeb (NASDAQ:USWB). The overall deal value was set at $350
million when it was announced two weeks ago, with both stocks trading south
since then and recovering ground in the past few sessions.
e-loan, a privately-held service that lets potential borrowers apply for
loans via the Web. The deal signals an increased role by Yahoo as investor
in firms that use its platform.
Report concerning Clinton and Lewinsky had a positive effect on Internet
stocks in general. The news itself isn’t important, rather the fact that
the Internet proved itself as a global deliverer of instant information.
years to be Microsoft’s WebTV exclusive search and navigation provider.
Terms: $15 million in advance for first 5 quarters and remainder
afterwards. Infoseek gets all ad revenue to a undisclosed amount and splits
above that. WebTV delivers 40 million page views per day, 80% of its users
have never or rarely go online via PC.
exclusive sponsor/featured home buying service for its new real estate
site. Microsoft buys some real estate of its own, the way we see it.
Internet
Investment Symposium ’98 @ Fall Internet World!
“The power
conference to network with industry influencers and decision makers” –
Yahoo co-founder Jerry Yang
Click the above link now and get this
year’s power lineup.
