ISDEX & Market Moves
Snapshot
07-Apr-98 | % change | point change | |
|---|---|---|---|
ISDEX | 153.59 | -3.16% | -5.01 |
ISDEX Price Weighted Composite | 1,549.75 | -3.37% | -53.97 |
NASDAQ | 1,798.71 | -1.66% | -30.43 |
DJIA | 8,956.50 | -0.85% | -76.73 |
- E*TRADE (NASDAQ:EGRP) reports revenues second quarter ended March 31, 1998 jumps 66% to $53.3
million, but just 4% more than the previous quarter. 2Q net income reaches $6.1 million, or $0.15 per share,
compared with $3.1 million or $0.09 per share 2Q97. Adds 80k accounts in latest quarter. Total accounts now exceed 425k vs. 145k March 1997. - PSINet (NASDAQ:PSIX) issues $600 million senior notes in a private placement through DLJ. 10% coupon, S&P rates the issue B- (minus), maturity 2/15/2005. One thing we’re watching for: PSINet to attack the corporate access world en force with its new fiber relationship with IXC Communications (NASDAQ: IIXC) to use 10,000 equivalent route miles of OC-48 fiber. Maybe the cash will help.