ISDEX & Market Moves
Snapshot
| 06-Jan-98 | % change | point change | |
|---|---|---|---|
| ISDEX | 101.61 | 0.39% | 0.39 |
| NASDAQ | 1,580.14 | -0.88% | -13.98 |
| DJIA | 7,906.25 | -0.91% | -72.74 |
- CMG Info (NASDAQ:CMGI) boasts of the deal between two of its portfolio companies with Yahoo (NASDAQ:YHOO). Closely-held GeoCities, the free Web site presence provider inked a deal Jan. 5 with Yahoo to become the exclusive homesteader on Yahoo in return for investment from Yahoo and Japan’s Softbank. Lycos (NASDAQ:LCOS), which CMG owns more than 50% of, is the exclusive search engine for GeoCities. Net net, CMG expects the Yahoo agreement to boost GeoCities and Lycos traffic.
- Lucent Technologies (NYSE:LU) places $300 million 6.5% coupon debt with a Jan. 15, 2028 maturity. Perhaps one of the least understood stocks of the networking era. Could be bigger than Intel or Sun in its long-term influence on the Internet. Now if others on Wall Street would see it that way.