Fabulous 50: ISDEX Grows To Reflect Dynamic Industry

In 1994 you could count Internet stocks on one hand and still have three
fingers unaccounted for. Four score and dozens of stock offers later, an
industry on hyper-growth now has more than 100 stocks in all flavors.


One need only walk the floor of Spring Internet World, going on now at the
Los Angeles Convention Center, to see how diverse this industry is
becoming. 50,000 to 60,000 people will parade through the convention floor.
More than 600 companies are exhibiting the latest Commerce, Content,
Entertainment, Services, Hardware, Access and more.


No surprise then that ISDEX, Internet Stock Index, today adds more than a
dozen new stocks to its fold, bringing to 50 the number it computes as a
daily average, enabling investors to track Internet representative
companies on Wall Street.


Check out the new ISDEX, with added stocks shown in bold with shading:


ISDEX: The New Lineup:






































































































































































































































































The New ISDEX 50

Company

Stock Symbol

Business

@Home

ATHM

Cable Internet services

Amazon

AMZN

E-tailer of books, music, video

AOL

AOL

Consumer online services

Axent

AXNT

Web security software

Broadband Technologies

BBTK

High-speed hardware

Broadvision

BVSN

Web marketing software

CDnow

CDNW

E-tailer for music

Checkfree

CKFR

Digital payments

CheckPoint Software

CHKPF

Web security software

CKS Group

CKSG

Web marketing services

CMG Info

CMGI

Internet venture firm

CNET

CNWK

Web and cable content

Concentric

CNCX

Internet services provider

Cybercash

CYCH

Digital currencies

Cyberguard

CYBG

Web security software

Cylink

CYLK

Web security software

DoubleClick

DCLK

Web advertising

E*Trade

EGRP

Web stock trades

Earthlink

ELNK

Internet services provider

Egghead

EGGS

E-tailer of software/hardware

Excite

XCIT

Navigation services

IDT

IDTC

Internet services, IP telephony provider

Infoseek

SEEK

Navigation services

Intuit

INTU

Financial services

Lycos

LCOS

Navigation services

Mecklermedia

MECK

Internet news, trade shows, conferences

Metricom

MCOM

Wireless Internet services

Mindspring

MSPG

Internet services provider

N2K

NTKI

E-tailer of music

Netscape

NSCP

Internet software and services

Network Associates

NETA

Internet security software

Network Solutions

NSOL

Domain name registrar

NewsEdge

NEWZ

Personalized news via Web

ONSALE

ONSL

Web auctions

Open Market

OMKT

Internet commerce software

Open Text

OTEXF

Intranet software solutions

PairGain

PAIR

High-speed, DSL solutions

PSINet

PSIX

Internet services provider

RealNetworks

RNWK

Internet streaming media software

Secure Computing

SCUR

Internet security software

Security Dynamics

SDTI

Internet security software

Security First

SFNB

Web banking software

Sportsline

SPLN

Web-based sports news

Spyglass

SPYG

Web device software

USWeb

USWB

Turnkey Web business services

Verisign

VRSN

Web Digital ID issuer

Versant

VSNT

Object oriented database for Web

Vocaltec

VOCLF

IP telephony software

Wavephore

WAVO

Information broadcaster

Yahoo

YHOO

Navigation services


With the growing security needs of the Web, new firms such as Axent,
Cyberguard, Cylink, and Secure Computing are now in the mix. Axent acquired
former ISDEX listed company Raptor. We expect consolidation in Web security
software so keep an eye on these.


We’re also seeing broadband attempts and solutions emerge, hence the debut
of Broadband Technologies and PairGain. Look for 1999 to focus more on
these and this sector. Speed is the #1 goal now of many.


With music e-tailer N2K already on ISDEX, the addition of CDnow makes
complete sense. Now you can watch both side by side in the horse race for
music sales via the Web.


Egghead’s bold move to be 100% net, closing down its brick and mortar
stores, earned it a place on ISDEX if for nothing more than bravado. Its
$57 million in cash makes its claim, so early naysayers should perhaps wait
and see. Somebody’s got to be the Amazon of software sales here.

IP
telephony has a presence already with software maker Vocaltec, but we added
IDT, which provides Internet phone calls, to present the other side of the
equation. IP long distance is coming. How about 3 cents a minute,
guaranteed quality?


Old line Intuit has fresh blood in Web initiatives Quicken.com and mortgage
sites. It also Sponsors Excite’s finance channel. We expect more moves in
this space from Scott Cook, one of the few in software that actually beat
Microsoft and still does in finance software.


Metricom is one we’ve written about before. It has a long way to go before
earnings show up in a meaningful way, but Microsoft co-founder and
multi-billionaire Paul Allen believes in it, and Metricom has unique
services.


Verisign is a recent IPO that wants to be your ID on the Net. There are
good inroads so far. Wavephore is more of a behind-the-scenes information
blaster that we think could be more important as the Web grows its appetite
for professionally-produced news.

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