Internet Market Close Report for 1998.03.13

ISDEX & Market Moves
Snapshot




























 

13-Mar-98

% change

point change

ISDEX

145.50

0.53%

0.76

NASDAQ

1,771.66

0.43%

7.60

DJIA

8,602.52

-0.66%

-57.04

  • CMG Information (NASDAQ:CMGI) reports net revenues up 13% to $17.8
    million for its second quarter ended January 31. That doesn’t include the
    impact of deconsolidating its position in Lycos (NASDAQ:LCOS).

    CMG bottom
    line sunk to a net loss of $5.8 million, or ($0.58) basic earnings per
    share vs. $0.28 EPS for the previous quarter ended October 31, 1997. CMG is
    in a unique position in that it may raise earnings as easily as selling
    stock in Lycos. For now. The private investments are still illiquid unless
    private buyers emerge, although we think GeoCities (which CMG owns part of)
    should make haste to the public markets while it’s the category leader in
    communities. The window looks open, ISDEX is up more than 40% year to date.

  • Speaking of the above, Open Text (NASDAQ:OTEXF) wants to tap public
    liquidity. Warrants for 1.75 million common shares to raise about $35 million.



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