HomeIT Management

Internet Market Close Report for 1998.04.21

Steve Harmon
By Steve Harmon

Market Close Snapshot


































 
21-Apr-98
% change
point change

ISDEX
178.55
1.17%
2.07

ISDEX Price Weighted Composite
1,812.97
1.10%
19.67

NASDAQ
1,903.87
0.89%
16.73

DJIA
9,184.94
0.47%
43.10

  • Sportsline (NASDAQ:SPLN) coverage begins from PaineWebber with a “buy” rating. We still like the stock and the franchise, even after its run from January.

  • CNET (NASDAQ:CNWK) reports $10.7 million revenue for the first quarter ended March 31, 1998, up 69% vs. 1Q97. Net loss is cut in half vs. 1Q97 with $5.7 million or $0.38 per share for 1Q98 as CNET goes for bottom line. With SNAP! vying for attention, however, this is still a $24 million annual loss enterprise at 1Q98 loss levels. A strong mindshare franchise with good news product. But who’s the ultimate buyer here? Michael Bloomberg?

  • RealNetworks (NASDAQ:RNWK) reports $12.5 million first-quarter revenue, up 97% vs. 1Q97. Net losses without acquisition charges are $2.2 million or $0.07 loss per share. RNWK takes a $17.9 million charge thanks to its buy of Vivo Software, Inc. All tally, net loss for 1Q is $0.65 loss per share for the media streaming software leader, producer of RealAudio and RealVideo software.

  • ONSALE (NASDAQ:ONSL), the Web auction site, reports gross merchandise sales for first quarter of $50.3 million and revenue of $40.2 million vs. 1Q97 gross merchandise sales of $17.9 million and revenue of $12.3 million. 1Q98 loss reaches $4.5 million, or $0.24 per share vs. $52,000 net income 1Q97 as sales and marketing costs, and growth, escalate.

    • Steve Harmon
    Steve Harmon
    Previous article
    Winkler Advertising Wins CyberStar Account
    Next article
    InfoBeat Launches Incentive-Based Mall

    Similar Posts

    Get the Free Newsletter!

    Subscribe to our newsletter.

    Subscribe to Daily Tech Insider for top news, trends & analysis

    News Around the Web

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    Advertisers

    Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.

    Advertise with Us

    Menu

    Our Brands

    Property of TechnologyAdvice.
    © 2024 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.