Internet Market Close Report for 1998.03.11

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.




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