HomeIT Management

Internet Market Close Report for 1998.04.30

Steve Harmon
By Steve Harmon

Market Close Snapshot


































 
30-Apr-98
% change
point change

ISDEX
165.38
1.00%
1.63

ISDEX Price Wtd.
1,699.50
1.58%
26.38

NASDAQ
1,868.41
0.91%
16.77

DJIA
9,063.37
1.25%
111.85

  • Lycos (NASDAQ:LCOS), an Internet navigation service, continues its aggressive moves in the Web guide space by agreeing to acquire WiseWire for $39.75 million in LCOS shares. WiseWire sorts information into directories based on user preference and selection automatically.

  • Mecklermedia (NASDAQ:MECK), producer of this report, announces it expects 25,000 people to attend its upcoming Summer Internet World trade show held July 13-17, 1998 at Chicago’s McCormick Place. This is the show’s second year and one of the fastest-growing trade shows in the Internet with more than 200 exhibitors.

  • Open Text (NASDAQ:OTEXF), which makes collaborative knowledge management application software, reports its third quarter ended March 31, 1998 revenue of $11.8 million, up 93% vs. 3Q97. Net income reaches $1 million or $0.06 earnings per share vs. a $0.20 loss per share 3Q97.

  • CDnow (NASDAQ:CDNW) reports first quarter ending March 31, 1998 revenue of $10.0 million, up 288% vs. 1Q97.
    The Web-based music e-tailer adds 135,000 new customers in the first quarter. Total customers to date = 432,000. Net losses 1Q98 are $9.2 million, or $0.78 per share, vs. a net loss of $544,000, or $0.07 per share, 1Q97.

    • Steve Harmon
    Steve Harmon
    Previous article
    iCat to Offer DoubleClick Ad Packages
    Next article
    US Interactive Acquires Sandler New Media

    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.