Internet Market Close Report for 1998.02.04 | Internet News
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Internet Market Close Report for 1998.02.04

Written By
Steve Harmon
Steve Harmon
Feb 4, 1998
2 minute read

ISDEX & Market Moves
Snapshot


































 
04-Feb-98
% change
point change

ISDEX Geometric Average
112.39
-0.39%
-0.44

ISDEX Price Weighted Composite
899.38
-0.31%
-2.78

NASDAQ
1,680.44
0.85%
14.10

DJIA
8,129.71
-0.38%
-30.64

  • Excite (NASDAQ:XCIT) completes the acquisition of Web ad concern MatchLogic which through its five US and European data centers served 2,500 sites and 500 million ad impressions December 1997. The deal announced January 15 valued was 3.2 million shares of XCIT, then $89 million. February 4 the deal value hit $154 million. MatchLogic posted $4 million sales last year.

  • Netscape (NASDAQ:NSCP) shares blip up on rumors that Sun (NASDAQ:SUNW) may want to acquire the Web software pioneer. We laid out that possibility in Internet Stock Report January 6, fully a month ago. Our thought is that IBM may be a better fit, plug it into Notes. IBM could snatch Novell (NASDAQ:NOVL) on the return loop and leverage IBM’s muscle, something that hasn’t been worked out in quite awhile. We’ll see if IBM chief Lou Gerstner reads this report…we know Bill Gates and Marc Andreessen do. Watch out guys, here comes Lou.


  • CNET (NASDAQ:CNWK) inks a deal with Bloomberg to launch Snap Investor and other integrated financial news services. We think there’s a personality split emerging here, Snap is a larger concept than CNET ever was. We think Snap may not be capitalized to attack the market it’s going after–the mass market Web content space.

    If you want to be AOL you got to sell and market big time. Having Snap under CNET’s house of cards is like putting a possible 900-pound gorilla on the back seat of a tricycle and hoping it doesn’t want a banana.

    •
    Steve Harmon
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