ISDEX & Market Moves
N2K (NASDAQ:NTKI) files a secondary public offer of 3.8 million shares, 2 million of which are from the company and the remainder from selling stockholders. It’s important now for these new firms to cash up and establish their brands so that the future revenue flow can occur. Right now branding is everything, creating a stickiness to a Web-based business. Without the brand nobody knows it’s there on the multi-million gigabit ocean of Web sites out there.
ISDEX Price Weighted Composite
CMG (NASDAQ:CMGI) CEO David Wetherell mentions on MSNBC that the Internet investment firm looks to sell a third of its 42% ownership in publicly-held Lycos (NASDAQ:LCOS). Price talk: $80 million. Have to take profits sometime.
Trusted Information Systems (NASDAQ:TISX) reports revenues for the fiscal year ended December 26, 1997 of $42.2 million, up 54.2%. TISX also posts its first operating profit (without acquisition costs) since going public in October, 1996. Note: Trusted is being acquired by Network Associates (NASDAQ:NETA) for about $305 million.
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