Internet Market Close Report for 1998.04.22

Market Close Snapshot



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  • 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.

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