Internet Market Close Report for 1998.01.15 | Internet News

Internet Market Close Report for 1998.01.15

Written By
Steve Harmon
Steve Harmon
Jan 15, 1998
1 minute read

ISDEX & Market Moves
Snapshot

































  15-Jan-98 % change point change
ISDEX Average 102.26 1.84% 1.85
ISDEX Composite 825.97 1.39% 11.31
NASDAQ 1,547.06 -0.11% -1.70
DJIA 7,691.77 -1.19% -92.92

  • Excite (NASDAQ:XCIT) tries to set the pace again for “Web networks” with the $89 million buy for target marketing and ad management software firm Matchlogic. With $4 million revenue the multiple is north of 22x on a trailing basis. Deal value could exceed $107 million if agreed upon shares — 3.2 million — remains intact.


  • Lycos (NASDAQ:LCOS) enters a $16 million agreement with CyberMeals, the order via the Net, delivered to your home service. We expected this deal, following CyberMeals recent agreements with AOL and Excite.

  • CheckPoint Software (NASDAQ:CHKPF) shares tumble after being downgrades to “neutral” from “outperform.” We think CheckPoint has been far too conservative in its outlook despite it setting an open security software framework. Similarly, Security Dynamics (NASDAQ:SDTI) has “rested on its laurels.”

    We think what both fail to realize is that Microsoft and IBM are waiting to eat their lunch and they’re not even in the kitchen anymore. Scale up and dominate. If Netscape (NASDAQ:NSCP) has trouble playing in the big leagues how much more so these smaller firms? Suggest reading Andy Grove’s book, ‘Only The Paranoid Survive.’

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