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Internet Market Close Report for 1998.03.24

Steve Harmon
By Steve Harmon

ISDEX & Market Moves
Snapshot


































 
24-Mar-98
% change
point change

ISDEX
149.23
2.55%
3.71

ISDEX Price Weighted Composite
1,489.94
2.82%
40.88

NASDAQ
1,812.44
1.11%
19.93

DJIA
8,904.44
1.00%
88.19

  • Network Associates (NASDAQ:NETA) agrees to acquire automated help desk and asset management firm Magic Solutions for $110 million cash. NETA plans on taking $90 million charge for the deal.

  • Delta Three and ITXC will share traffic between their IP telephony networks in a move that could signal a growing “cooperate to grow” industry. Until now IP telephony has been fairly fragmented. ITXC is backed by AT&T and VocalTec (NASDAQ:VOCLF) and run by a former AT&T Worldnet executive.

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