Focus Finds Top Gainers

ISDEX closes at 622.18, up 2.55% on focused optimism in Internet stocks. Today’s snapshot:



























 

4/8/99

% change

point change

ISDEX

622.18

2.6%

15.47

NASDAQ

2,573.39

1.1%

28.96

DJIA

10,197.70

1.1%

112.39

  • Cisco (NASDAQ:CSCO) breaks out of a buying dry spell and plops $445 million stock on the table for two ATM startups that could bolster its packet technology. The buys are not material to earnings yet.
  • @Home (NASDAQ:ATHM) gets a cash infusion of $20 million from 3Com, Motorola and Cisco to start @Home Solutions, a service for smaller cable operators.

  • Inktomi (NASDAQ:INKT) adds 350 merchants to its shopping search engine service that’s used by more than 20 sites. This shopping service could be a threat to Amazon.com (NASDAQ:AMZN) I believe, especially since it has a feature for easy buying. Inktomi to me looks like it’s becoming the replacement to the mall concept and the etail concept. Shop bots.

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