ISDEX & Market Moves
Snapshot
| 05-Jan-98 | % change | point change | |
| ISDEX | 101.22 | 0.80% | 0.80 |
| NASDAQ | 1,594.12 | 0.80% | 12.59 |
| DJIA | 7,978.99 | 0.18% | 13.95 |
Still, the loss highlights Netscape’s rise and fall the past three years. After its early lead and bragging rights Netscape met an opponent with deeper pockets and an installed base to leverage in Windows, Microsoft (NASDAQ:MSFT). Netscape pioneered the free distribution model, letting people download its popular Navigator browser for free, thus giving it a huge installed base itself.
Like it does so many times, Microsoft simply picked up on the formula and came out with its own flavor, Explorer. It is free while Netscape began to charge for its browser (it had to since it had no multiple revenue streams like Microsoft).
Several analysts downgrade NSCP. Without non-recurring charges NSCP net income for 1997 would have been $7 million to $10 million, or $0.08 to $0.11 per share, just under our forecast of $0.12 EPS.
$4.91 million net income, $0.12 EPS, for its quarter ending Dec. 31, 1997 vs. $2.26 million the same period in 1996. Without charges net income would have been $6.56 million, or $0.16 EPS, topping First Call’s $0.14 EPS consensus. Revenue soars 100% to $51.1 million as transactions in the quarter jump 129% to a record 1.5 million.
