Internet Market Close Report for 1998.05.04 | Internet News

Internet Market Close Report for 1998.05.04

Written By
Steve Harmon
Steve Harmon
May 4, 1998
1 minute read

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.
  • 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.

    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.