HomeIT Management

Internet Market Close Report for 1998.01.29

By Steve Harmon

ISDEX & Market Moves
Snapshot


































 
29-Jan-98
% change
point change

ISDEX Average
108.84
0.48%
0.51

ISDEX Composite
858.00
0.62%
5.31

NASDAQ
1,619.49
0.54%
8.67

DJIA
7,973.02
0.73%
57.55

  • AOL (NYSE:AOL) plans to sell majority equity in a new entity that rolls its AOL France and (pending) CompuServe France into a larger online service with 200,000 users. The venture combines Bertelsmann, Canal+ and Cegetel Internet services under the AOL banner.

  • Quarterdeck (NASDAQ:QDEK) reports its first quarter fiscal 1998 ending December 31, 1997 revenue is $20.6 million, vs. $24.4 million 1Q96. Net income hits $316,000, or $.01 basic earnings per share, vs. $20,000 1Q96. Working capital increases to $17.9 million from $10.9 million. Quarterdeck may not be out of the choppy restructuring waters yet but the net income seems to show signs of expenses coming under control. Now we’ll see if revenue grows again.

    • Steve Harmon
    Previous articleEgghead Bags Retail, Bets on the Net
    Next articleADSmart Integrated Web Sponsorships Debut With Honda

    Similar Posts

    News Around the Web

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. We aim to help these 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.

    Our Brands

    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.