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% |
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.
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.
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.
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.
