Internet Market Close Report for 1998.04.22 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.04.22

Written By
Steve Harmon
Steve Harmon
Apr 22, 1998
1 minute read

Market Close Snapshot


































 
22-Apr-98
% change
point change

ISDEX
171.79
-3.79%
-6.76

ISDEX Price Weighted Composite
1,737.03
-4.19%
-75.94

NASDAQ
1,917.61
0.72%
13.74

DJIA
9,176.72
-0.09%
-8.22

  • Spyglass (NASDAQ:SPYG) reports a $0.19 loss per share on $5 million revenue for its first quarter ending March 31. 1Q97 it had $12 million revenue although that included a one-time payment of $8 million from Microsoft for its browser license.

  • Mindspring (NASDAQ:MSPG) posts $21.4 million first quarter revenue vs . $9.8 million 1Q97. Earnings per share reach $0.11 fully-diluted vs. a $0.34 loss per share 1Q97. MindSpring says it has about 341,000 members, up from 153,000 1Q97. Of that amount some 12,000 are Web Hosting customers.

  • CMG Information Services (NASDAQ:CMGI) sets a two-for-one split on common, payable May 11 to shareholders of record April 27 after its stock hit all-time highs recently and traded north of $100 on investors’ awareness of CMG’s venture-like portfolio of Internet firms. CMG pro forma will have 22.7 million shares outstanding. It owns stakes in Lycos (NASDAQ:LCOS) and GeoCities among the dozen investments it has.

  • Check Point Software (NASDAQ:CHKPF), the leader in firewall software, posts $30.9 million 1Q revenue, up 125% vs. 1Q97. Net income is $15.5 million or $0.41 per fully-diluted share, up 141% in net income per share. We’ve always liked Check Point’s ability to generate earnings in the 50% net income margin range. Ever since its IPO we’ve said CHKPF was hot. Still looks like it.

    •
    Steve Harmon
    Internet News Logo

    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.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    Property of TechnologyAdvice. © 2026 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.

    Terms of Service Privacy Policy California - Do Not Sell My Information