Market Close Snapshot
04-May-98 | % change | point change | |
|---|---|---|---|
ISDEX | 166.58 | 1.13% | 1.86 |
ISDEX Price Wtd. | 1,739.75 | 1.92% | 32.84 |
NASDAQ | 1,878.86 | 0.29% | 5.42 |
DJIA | 9,192.66 | 0.50% | 45.59 |
- Lycos (NASDAQ:LCOS) inks a deal with AT&T (NYSE:T) to offer Lycos Online, powered by AT&T WorldNet, a hybrid Web-online service that combines AT&T’s dial-up Internet access with Lycos’ content offerings and guide. A similar deal was done between Yahoo and MCI in January. Terms of the Lycos agreement are undisclosed.
- Excite (NASDAQ:XCIT) once again proves to be the most aggressive dealmaker in the search and navigation space with a $70 million agreement with Netscape (NASDAQ:NSCP) to provide its Netcenter with a Netscape-branded search engine. Excite will pay Netscape the $70 million up front when the deal becomes effective June 1. Excite expects to gain up to 10 million more page views per day as a result. If Netscape continues to be a leading destination we think Excite could see sizable advertising deals coming its way as its traffic and users could exceed Yahoo.
- Privately-held iVillage closes its fourth round of private financing totaling $32.5 million to help build out its iVillage.com: The Women’s Network, among female Internet users.