Internet Market Close Report for 1998.01.21 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.01.21

Written By
Steve Harmon
Steve Harmon
Jan 21, 1998
1 minute read

ISDEX & Market Moves
Snapshot

































  21-Jan-98 % change point change
ISDEX Average 110.15 1.19% 1.29
ISDEX Composite 879.00 0.35% 3.06
NASDAQ 1,587.92 -0.14% -2.22
DJIA 7,794.40 -1.00% -78.72

  • USWeb (NASDAQ:USWB) reports $10.6 million sales on $19 million loss for fourth quarter. Full year results reach $19.3 million sales and $53.3 million loss. USWeb says includes $11.1 million unusual charge for 4Q and $29.6 million for full year. We still think it’s early in the turnkey Web solution game and that USWeb may have a lot longer to go to reach critical awareness.

  • @Home (NASDAQ:ATHM) reports 4Q sales of $3.7 million vs. $535k 4Q96; Full-year sales are $7.4 million vs. $676k. Losses hit $184.4 million for 4Q and $219.1 million for 1997. Looks like a lot of bleeding here but most of this relates to an agreement with Cablevision for distribution. $172.6 million worth.

  • AOL (NYSE:AOL) agrees to acquire privately-held PLS, an electronic library search, index engine/tool. Terms undisclosed but we estimate the stock deal at $25 million to $50 million. The buy gives PLS much deeper pockets to draw from to develop its technology and maintain its customer base including AOL, Dow Jones, AT&T, The Washington Post, USA Today, and Bertelsmann AG.

    • Steve Harmon
    Internet News Logo

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

    Terms of Service Privacy Policy California - Do Not Sell My Information