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Internet Market Close Report for 1998.03.10

Written By
thumbnail
Steve Harmon
Steve Harmon
Mar 10, 1998

ISDEX & Market Moves
Snapshot


































 

11-Mar-98

% change

point change

ISDEX

144.86

-1.56%

-2.30

ISDEX Composite

1,114.97

-2.62%

-29.95

NASDAQ

1,756.85

0.48%

8.34

DJIA

8,675.75

0.38%

32.63

  • PSINet (NASDAQ:PSIX) agrees to lease undersea fiber-optic cable from Global Crossing Ltd., which connects the U.S. and Europe. Term: 25 years. Terms: undisclosed. PSI is slowly building a high-speed backbone. Perhaps Wall Street may slowly regain some enthusiasm for PSIX along the way.

  • Netscape (NASDAQ:NSCP) tries to make its Netcenter site “stickier” by adding two new features: discussion and a member profile directory. More evidence of Netscape trying to diversify from being a software-only firm.




    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!

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