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Internet Market Close Report for 1998.02.24

Written By

Feb 24, 1998

ISDEX & Market Moves
Snapshot

	*24-Feb-98*	*% change*	*point change*
ISDEX Geometric Average	130.12	0.10%	0.13
ISDEX Price Weighted Composite	986.72	-1.29%	-12.94
NASDAQ	1,738.71	-0.74%	-13.05
DJIA	8,370.10	-0.48%	-40.10

Lycos (NASDAQ:LCOS) signs a three-year agreement with magazine subscription firm The Electronic Newsstand which will pay the search and navigation firm $10.5 million over three years to promote its services on Lycos’ Network. Another example in the developing world of goods and services paying for distribution at the Web networks.

Mecklermedia (NASDAQ:MECK), producer of this report, says that its Spring Internet World trade show in Los Angeles last year infused $25.5 million dollars in one week alone into the local economy. Some 50,000 Internet professionals will do it again this year at the Los Angeles Convention Center, March 9-13. Readers of this report may want to catch the Internet World Business Forum on March 12 with yours truly moderating a venture capital session with speakers including idealab’s Bill Gross and leading venture capitalist Steve Jurvetson of Draper Fisher Jurvetson, and more.

SportsLine USA (NASDAQ:SPLN), which produces the Web site CBS.SportsLine.com, announces that for the 17 days of the XVIII Olympic Winter Games its Web traffic increased more than 55% to five million page views. The on-air promotion helped fuel the jump in views as did a chat appearance by NBA’s Michael Jordan. SPLN reports the Olympic pages generated $2 million in revenue.

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

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