ISDEX & Market Moves
Snapshot
06-Apr-98 | % change | point change | |
|---|---|---|---|
ISDEX | 158.60 | -1.39% | -2.24 |
ISDEX Price Weighted Composite | 1,603.72 | -1.52% | -24.72 |
NASDAQ | 1,829.14 | -1.42% | -26.26 |
DJIA | 9,033.23 | 0.55% | 49.82 |
- Excite (NASDAQ:XCIT) agrees to acquire Classifieds2000 for 890,000 common shares or about $48 million stock swap, pooling of interests. The buy will integrate Classifieds2000 more than 1.5 million listings into Excite’s web sites. Another deal for the most acquisitive search/navigation site.
- USWeb (NASDAQ:USWB) also keeps on the acquisition trail with an agreement to acquire privately-held IT solution provider Ensemble Corp. of Dallas. Little by little USWeb seems to be building a national network of business web presence and solution providers.
- RealNetworks (NASDAQ:RNWK) gets the nod from a slew of broadcasters and cable firms which plan to use the audio-video streaming software developer’s RealAudio and RealVideo products to deliver media via the Internet. we see this as a big coup for RealNetworks which already has the widest platform for streaming media on the Web. As “traditional” media companies embrace its technologies that could push it further into a de facto standard.