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Internet Market Close Report for 1998.04.06

Steve Harmon
By Steve Harmon

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.

    • Steve Harmon
    Steve Harmon
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