Hot, Not & IPOwatch: ISDEX Ups & Downs By Sector

A classic example of how to shift gears and turn the corner in the Internet space: Security First Network Bank (NASDAQ:SFNB), up 55% since July 7 and 264% since we rang in 1998.


How did Security First manage it? By becoming a bank’s bank with its S1 unit in the ether world of the Internet, licensing its banking software to the who’s what and what’s who of moneydom, 80 financial entities, including 14 of the top 100 U.S. financial institutions.


Egghead.com (NASDAQ:EGGS) finally got some respect after the months we’ve been saying it was poised to break out. The software-hardware retailer’s move to the Web appears to have been a wise one as EGGS gained 42% in two weeks and 238% year to date.


In broad strokes, access, commerce and software led the percentage runners up from 9% to 20% since July 7. Let’s take a look at ISDEX, The Internet Stock Index, by category and see how each fared:





































































































































































































































































































































































































































































































































































































ISDEX ®

 

21-Jul-98

% change

The Internet Stock Index

 

close

from

where Wall Street meets the Web

 

 

07-Jul-98

seen by more than 350,000 on the Web & in print

 

 

 

ISDEX Geometric Avg.

 

168.21

1.3%

ISDEX Price Wtd.

 

1,919.00

0.2%

NASDAQ

 

1,979.14

3.7%

DJIA

 

9,190.19

1.2%

 

 

 

 

 

 

 

 

CONTENT

 

 

 

WavePhore

WAVO

$13.69

26%

NewsEdge

NEWZ

$9.25

12%

Sportsline USA

SPLN

$36.56

2%

CNET

CNWK

$62.13

-6%

Mecklermedia

MECK

$22.63

-13%

TOTAL

 

$144.25

 

WEIGHTED AVERAGE

 

$28.85

-2%

 

 

 

 

ACCESS/SERVICES

 

 

 

Mindspring

MSPG

$126.63

36%

Metricom

MCOM

$9.44

30%

Earthlink Network

ELNK

$40.88

15%

Concentric

CNCX

$35.38

-5%

PSINet

PSIX

$13.06

-12%

TOTAL

 

225.38

 

WEIGHTED AVERAGE

 

45.08

20%

 

 

 

 

COMMERCE RETAILERS

 

 

 

Egghead.com

EGGS

$22.00

42%

E*TRADE

EGRP

$32.00

40%

Onsale

ONSL

$27.13

9%

Amazon.Com

AMZN

$132.06

8%

CDnow

CDNW

$22.75

-2%

N2K

NTKI

$20.38

-9%

TOTAL

 

256.31

 

WEIGHTED AVERAGE

 

42.72

11%

 

 

 

 

 

 

 

 

COMMERCE ENABLERS

 

 

 

CMG Info

CMGI

$85.88

25%

CyberCash

CYCH

$14.50

12%

USWeb

USWB

$26.38

0%

CKS Group

CKSG

$21.63

-4%

CheckFree

CKFR

$27.06

-7%

Network Solutions

NSOL

$37.50

-15%

Doubleclick

DCLK

$48.00

-23%

TOTAL

 

260.94

 

WEIGHTED AVERAGE

 

37.28

-2%

 

 

 

 

NAVIGATION/AGGREGATORS

 

 

 

America Online

AOL

$129.56

19%

Intuit

INTU

$66.50

9%

Excite

XCIT

$48.75

1%

@Home Network

ATHM

$48.56

0%

Yahoo!

YHOO

$189.00

-1%

Infoseek

SEEK

$32.00

-9%

Lycos

LCOS

$73.13

-14%

TOTAL

 

587.50

 

WEIGHTED AVERAGE

 

83.93

2%

 

 

 

 

SOFTWARE

 

 

 

Open Text

OTEXF

$17.75

27%

RealNetworks

RNWK

$45.00

27%

Versant Object Technologies

VSNT

$5.38

26%

Broadvision

BVSN

$26.75

4%

Open Market

OMKT

$18.00

0%

Spyglass

SPYG

$11.88

-1%

Netscape

NSCP

$33.69

-6%

TOTAL

 

158.44

 

WEIGHTED AVERAGE

 

22.63

9%

 

 

 

 

SECURITY

 

 

 

Security First Net Bank

SFNB

$26.38

55%

Network Associates

NETA

$55.75

14%

Axent

AXNT

$31.00

7%

Cylink

CYLK

$11.50

-2%

Verisign

VRSN

$40.75

-4%

CheckPoint Software

CHKPF

$26.25

-9%

Secure Computing

SCUR

$9.44

-12%

Security Dynamics

SDTI

$15.44

-14%

Cyberguard

CYBG

$7.88

-21%

TOTAL

 

224.38

 

WEIGHTED AVERAGE

 

24.93

4%

 

 

 

 

IP COMMUNICATIONS

 

 

 

IDT Corp

IDTC

$28.44

6%

VocalTec

VOCLF

$13.25

3%

TOTAL

 

41.69

 

WEIGHTED AVERAGE

 

20.84

5%

 

 

 

 

HIGH-SPEED SOLUTIONS

 

 

 

Broadband Technologies

BBTK

$4.94

13%

PairGain

PAIR

$15.19

-7%

TOTAL

 

20.13

 

WEIGHTED AVERAGE

 

10.06

-3%



Turning to a different topic, we’re putting this handy IPO table up for you to be able to glance at who came and who’s coming in the endless summer of love now playing at a Wall Street Internet offer near you. This is rated ‘G’ for gee whiz so far for those debuting in the public market.


Of course Alan Greenspan’s remarks that the stock market was frothy may change that rating very soon to ‘PG’ for pop goes the market, so keep your eyes open and modem buzzing. Click and explore the analysis.

































































Steve Harmon’s Internet IPOwatch!

On deck7

Citysearch

Cyberian Outpost

Digital River

GeoCities

Gone public7

Broadcast.com

Broadcom

CDnow

Doubleclick

Inktomi

ISS Group

N2K

Netgravity

Software.net

Verio

Verisign

share this with a friend!

© 1998 Mecklermedia, Internet.com

News Around the Web