Internet Market Close Report for 1998.02.23

ISDEX & Market Moves
Snapshot


































 

23-Feb-98

% change

point change

ISDEX Geometric Average

129.99

4.88%

6.05

ISDEX Price Weighted Composite

999.66

3.61%

34.84

NASDAQ

1,751.76

1.37%

23.63

DJIA

8,410.20

-0.04%

-3.74

  • Trusted Information Systems (NASDAQ:TISX) agrees to be acquired for $300 million stock or 0.323 shares from Network Associates (NASDAQ:NETA). The $20.188 per share offer is a 60% premium to the price of Trusted Information shares, which closed at $12.625 Friday. We predicted consolidation here and think more may come. See ISR, October 10, 1997.

  • RealNetworks (NASDAQ:RNWK) agrees to acquire streaming software toolmaker Vivo for 1.1 million new RealNetworks shares, or $17.1 million based on the average of the last 15 days RNWK trading price. Pro forma the new shares will represent 3.4% of RNWK’s 32 million shares outstanding. Real looks to get more distance in the developer side as the threat from Microsoft looms larger.



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