ISDEX & Market Moves
Snapshot
03-Feb-98 | % change | point change | |
|---|---|---|---|
ISDEX Geometric Average | 112.83 | 2.15% | 2.37 |
ISDEX Price Weighted Composite | 902.16 | 1.81% | 16.03 |
NASDAQ | 1,666.34 | 0.81% | 13.45 |
DJIA | 8,160.35 | 0.65% | 52.57 |
- Lycos (NASDAQ:LCOS), spurned from acquiring GeoCities probably due to its high asking price, acquires another Web community company, Tripod, for $58 million stock. Our analysis shows the deal values Tripod’s 1.5 million “members” at $38.67 each or 58 cents per monthly page view.
- Mecklermedia (NASDAQ:MECK), producer of this report, posts $23.3 million revenue for its first quarter ending Dec. 31 vs. $17.4 million for the same period last year. Net income reaches $3.1 million vs. $2.1 million, or $0.36 vs. $0.25, respectively.
- Mindspring (NASDAQ:MSPG) shares rocket as investors pick up shares of the growing consumer ISP on what we think could be the belief that Web-based dial up — with a friendly face on it such as MSPG and Earthlink (NASDAQ:ELNK) — may eat into AOL’s (NYSE:AOL) marketshare very soon.