Hot, Hot, Hot: ISDEX Up 78% Year To Date

Mecklermedia’s Internet Stock Index is up 78% since January. Just when you
thought it couldn’t get any more sizzle, ISDEX gained another 5% this past
week. Who’s on top and not? The 50 stocks sorted by ups and downs follows.


Driving the ardor seems to be a combination of bottom up zeal, momentum
players and those who finally got tired of watching many in this basket of
pure-play Internet stocks climb. A bull market background helps, also,
which leads us to believe that if the inherent risk in some of these
emerges, a burn of another kind could be felt. Bear burn.


While we think that some potential exists in a handful of stocks here to
run up, we’ll save the analysis for reports on who could be waiting for the
go.

ISDEX April 14 – 21












































































































































































































































































































































































































































































































Mecklermedia’s

 

21-Apr-98

% change

Point change

% change

ISDEX ®

 

close

from

from

from

Internet Stock Index

 

 

14-Apr-98

14-Apr-98

31-Dec-97

 

 

 

 

 

 

ISDEX Geometric Average

 

178.55

6.6%

11.06

78.8%

ISDEX Price Wtd. Composite

 

1,812.97

5.1%

87.59

74.1%

NASDAQ

 

1,903.87

3.3%

60.84

21.2%

DJIA

 

9,184.94

0.8%

74.74

16.1%

 

 

 

 

 

 

Spyglass

SPYG

$ 12.88

47%

$4.13

161%

Infoseek

SEEK

$ 36.88

44%

$11.25

243%

CNET

CNWK

$ 38.50

38%

$10.63

31%

Netscape

NSCP

$ 24.50

37%

$6.63

1%

WavePhore

WAVO

$ 16.88

32%

$4.06

80%

NewsEdge

NEWZ

$ 17.50

31%

$4.13

31%

Egghead.com

EGGS

$ 11.44

22%

$2.06

76%

USWeb

USWB

$ 36.75

22%

$6.56

292%

CyberCash

CYCH

$ 22.63

14%

$2.75

78%

Network Associates

NETA

$ 70.75

14%

$8.56

34%

PSINet

PSIX

$ 14.50

14%

$1.75

183%

Earthlink Network

ELNK

$ 74.75

13%

$8.50

190%

CMG Info

CMGI

$ 100.00

12%

$10.81

231%

Open Text

OTEXF

$ 21.06

11%

$2.06

57%

Axent

AXNT

$ 32.00

11%

$3.13

86%

Metricom

MCOM

$ 11.75

11%

$1.13

22%

Secure Computing

SCUR

$ 12.50

10%

$1.13

6%

Mindspring

MSPG

$ 78.56

10%

$6.94

134%

@Home Network

ATHM

$ 33.69

9%

$2.75

34%

CKS Group

CKSG

$ 24.00

8%

$1.81

70%

Broadvision

BVSN

$ 20.13

8%

$1.44

210%

Cylink

CYLK

$ 15.00

8%

$1.06

54%

Yahoo!

YHOO

$ 123.28

7%

$8.41

78%

Versant Object Technologies

VSNT

$ 6.88

7%

$0.44

-50%

Intuit

INTU

$ 51.25

6%

$3.00

24%

Broadband Technologies

BBTK

$ 7.75

4%

$0.31

88%

CheckPoint Software

CHKPF

$ 42.50

4%

$1.69

4%

Open Market

OMKT

$ 25.38

3%

$0.75

164%

Security Dynamics

SDTI

$ 25.75

3%

$0.69

-28%

Onsale

ONSL

$ 32.44

2%

$0.56

80%

E*TRADE

EGRP

$ 22.81

2%

$0.38

-1%

VocalTec

VOCLF

$ 20.25

1%

$0.25

-1%

Sportsline USA

SPLN

$ 37.50

1%

$0.38

249%

America Online

AOL

$ 74.81

1%

$0.50

65%

CheckFree

CKFR

$ 27.88

0%

$0.00

3%

RealNetworks

RNWK

$ 32.44

-1%

-$0.31

134%

Security First Net Bank

SFNB

$ 11.25

-2%

-$0.19

55%

Concentric

CNCX

$ 24.63

-2%

-$0.63

177%

Doubleclick

DCLK

$ 44.19

-3%

-$1.31

160%

PairGain

PAIR

$ 20.31

-3%

-$0.63

5%

Lycos

LCOS

$ 66.56

-3%

-$2.06

61%

CDnow

CDNW

$ 34.13

-4%

-$1.38

113%

Amazon.Com

AMZN

$ 93.06

-4%

-$4.13

54%

Excite

XCIT

$ 72.75

-4%

-$3.25

143%

Mecklermedia

MECK

$ 24.50

-4%

-$1.13

-2%

N2K

NTKI

$ 32.75

-5%

-$1.88

124%

Verisign

VRSN

$ 40.75

-7%

-$3.13

191%

IDT Corp

IDTC

$ 29.00

-9%

-$2.75

43%

Network Solutions

NSOL

$ 47.31

-11%

-$5.56

260%

Cyberguard

CYBG

$ 14.25

-16%

-$2.69

153%

TOTAL

 

1,812.97

5%

89.59

74%

SIMPLE AVERAGE

 

36.26

5%

1.79

74%


  • 98.04.21: RealNetworks (NASDAQ:RNWK) reports $12.5 million first
    quarter revenue, up 97% vs. 1Q97. Net losses without acquisition charges
    are $2.2 million or $0.07 loss per share. RNWK takes a $17.9 million charge
    thanks to its buy of Vivo Software, Inc. All tally, net loss for 1Q is
    $0.65 loss per share for the media streaming software leader, producer of
    RealAudio and RealVideo software.

  • 98.04.20: Sportsline (NASDAQ:SPLN) gets coverage from Salomon Smith
    Barney which starts coverage with a “buy” rating and $46 per share target
    price. For those readers who’ve been with us, SPLN was one of the ones we
    picked to watch in 1998 on December 31, 1997 when it was $10.75 per share.
    SPLN closes at $37.1875 per share today. On April 17 Sportsline
    (NASDAQ:SPLN) raises net proceeds of about $81 million in a secondary
    offering of $4 million shares, 2.2 million offered by the sports content
    service and 1.7 million by selling shareholders.

  • 98.04.17: @Home (NASDAQ:ATHM) climbs on enthusiasm following its
    first quarter analyst conference where it reports revenue of $5.8 million
    for first quarter and subscriber growth up 80% to 90,000. Losses from
    operations come in as expected at $11.7 million, $0.10 loss per share vs.
    $11.8 million, $0.11 loss per share 1Q97. We think @Home could be the AOL
    of high-speed Internet. Who do we see as the biggest rival? WebTV.
    Microsoft builds market share now at 28.8 and carries that user base to the
    high-speed TV-Web of tomorrow. If @Home needs to scramble some NetTV deals
    and sign ’em up now at any speed.

  • 98.04.16: Infoseek (NASDAQ:SEEK) continues to be the story as 33
    million shares traded hands today pushing the shares up another new high at
    $44.19 per share, 30% over yesterday’s new high, for a stock that’s already
    gone ballistic. Short-term we would caution over-eager investors that SEEK
    had quite a loss last year, the most losses in the search group, and that
    we don’t think it’s out of the woods yet. We’ll see where its first quarter
    comes in at soon.

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