Internet Market Close Report for 1998.01.26 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.01.26

Written By
Steve Harmon
Steve Harmon
Jan 26, 1998
1 minute read

ISDEX & Market Moves
Snapshot


































 
26-Jan-98
% change
point change

ISDEX Average
104.65
-1.78%
-1.90

ISDEX Composite
833.09
-2.60%
-22.22

NASDAQ
1,561.46
-0.92%
-14.47

DJIA
7,712.94
0.16%
12.21

  • Earthlink Network (NASDAQ:ELNK) gets upgraded to “outperform” from “market perform” from Everen Securities which rated the Internet service provider on valuation and short-term attractiveness.

  • Security Dynamics (NASDAQ:SDTI) revenue for 1997 jumps 62% to $135.9 million while net income, not including non-recurring items, increases 79% to $23.0 million ($0.58 per share on a diluted basis). Non-recurring expenses of $7.4 million from merger acquisition costs and purchased technology. The sale of marketable securities offsets charges somewhat and brings net income to $15.6 million ($0.39 per share on a diluted basis).

    Fourth-quarter results are $39.7 million revenue, up 50% vs. 4Q96. Not counting non-recurring items earnings reach $7.1 million ($0.17 per share on a diluted basis) vs. $4.4 million ($0.11 per share on a diluted basis) 4Q96.

    Reported 4Q97 net income is $3.3 million ($0.08 per share on a diluted basis), which includes a one-time charge of $3.0 million ($1.9 million after tax). Now we wait for SDTI to lead some sort of consolidation parade. Check Point Software anyone?

    • 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