Internet Market Close Report for 1998.02.18 | Internet News
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Internet Market Close Report for 1998.02.18

Written By
Steve Harmon
Steve Harmon
Feb 18, 1998
2 minute read

ISDEX & Market Moves
Snapshot


































 
18-Feb-98
% change
point change

ISDEX Geometric Average
124.43
0.33%
0.41

ISDEX Price Weighted Composite
956.25
-0.29%
-2.81

NASDAQ
1,715.73
0.31%
5.31

DJIA
8,451.06
0.97%
80.96

  • ForeFront (NASDAQ:FFGI) reports $837K positive earnings, or $0.10 EPS diluted, on $5.4 million revenue for fourth quarter ended Dec. 31, 1997. Annual revenue reaches $18.4 million with $4.1 million loss. The move to training may be paying off.

  • Vocaltec (NASDAQ:VOCLF) gets a “buy” rating from investment house Raymond James, which starts coverage of the IP telephony software maker. We see a possible late 1998 or early 1999 heating up in the IP space which VOCLF could perhaps be part of.

  • Amazon.com (NASDAQ:AMZN) says its Associates Program surpasses 30,000 member Web sites, double that of six months ago. The formula for hyper growth lies in the biological nature of the Internet. Open the valve and get out of the way is the watchword for commerce.

  • N2K (NASDAQ:NTKI), which sells music via the Web, posts 1997 revenues of $11.3 million vs. $1.7 million for 1996. Net losses for 1997 reach $28.7 million or $5.88 per share vs. net losses of $19 million or $6.85 per share for 1996. Fourth quarter ended December 31, 1997, is $4.8 million vs. $679K 4Q96 with net loss of $13.2 million, or $1.26 per share, vs. a net loss of $6.5 million or $2.21 per share 4Q96. In the $15 billion music industry this is still a rounding error. Yet we think 5% of music could be sold via the Web within two years. $1.5 billion up for grabs. CDnow (NASDAQ:CDNW) is also cued up for this market. See Internet Stock Report tomorrow for our analysis of these two firms.

    Steve Harmon invites you to meet the movers & shakers of
    venture capital live     in Los Angeles at Spring Internet World’s Business Forum, Capital
    Connections     session, Thursday, March 12. Where deals,
    dollars and decisions come together. click
    here and SIGN UP NOW    , space limited!

    •
    Steve Harmon
    Internet News Logo

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