Internet Market Close Report for 1998.02.17

ISDEX & Market Moves



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  • Lycos (NASDAQ:LCOS) reports fiscal first quarter ending January 31 revenue of $12.6 million, up 35% sequentially and 152% vs. 1Q197. Net income squeezes in at $301K or $0.02 per share vs. $2 million loss 1Q97. Ads and commerce fuel growth with ad revenue up 50%, over 620 advertisers.

  • CMG Info (NASDAQ:CMGI) helps launch another Internet effort, this one is ‘the Password,’ a consumer online service that gives users the tools to create their own personalized single-subject based Web magazines. Perhaps a step in the right direction of making the Internet more relevant on a one-to-one basis. Or maybe another attempt at doing so on the long road to a more personal user experience. We’ll see.

  • Spyglass’ (NASDAQ:SPYG) strategy of going after the embedded device market may begin to pay off as Nokia inks a deal to use Spyglass’ browser on digital TV boxes in Europe, bypassing Microsoft and Netscape as choices. The deal sends SPYG shares up 20% to $6.80 per share, still a long way off its 52-week high of more than $12 and further still from the glory days of 1995 when SPYG traded north of $60. But, in our opinion, if devices continue to roll out few have the experience that Spyglass does in making browsers for them. Microsoft and Netscape aimed at the broad market, not the thin one. Now they pay the price.

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