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Internet Market Close Report for 1998.05.04

Steve Harmon
By Steve Harmon

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.

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