Internet Market Close Report for 1998.02.26

ISDEX & Market Moves
Snapshot


































 

26-Feb-98

% change

point change

ISDEX Geometric Average

131.26

1.48%

1.91

ISDEX Price Weighted Composite

1,014.88

2.60%

25.69

NASDAQ

1,777.11

0.60%

10.64

DJIA

8,490.67

0.39%

32.89

  • AOL (NYSE:AOL) gets Bloomberg to provide news on the online service, filling a void left by Dow Jones which left AOL when it began to charge content producers to be on the service and because the Web provided an open outlet for a direct link with readers. Seems Bloomberg has yet to figure out a Web strategy as its PC-type boxes remain the number one way it produces revenue.

  • Egghead (NASDAQ:EGGS) signs up to sell software via Yahoo (NASDAQ:YHOO) as the formerly earth-based software retailer looks for footing in the freefloating ether-space called the Web. Terms undisclosed, although we estimate the deal at $10 million based on comparables. Egghead.com offers consumer and business customers more than 20,000 different products, including computers, peripherals, software, and software downloads.



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