Internet Market Close Report for 1998.05.12 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.05.12

Written By
Steve Harmon
Steve Harmon
May 12, 1998
1 minute read
































 
12-May-98
% change
point change

ISDEX
154.79
-1.07%
-1.67

ISDEX Price Wtd.
1,575.13
-2.13%
-34.34

NASDAQ
1,860.16
0.65%
12.09

DJIA
9,161.77
0.77%
70.25

  • CNET (NASDAQ:CNWK) agrees to acquire U.Vision/ComputerESP for 545k shares of CNWK, about $21.2 million. ComputerESP allows buyers to search for products and availability on computer items. Direct or indirect rivals: Yahoo shopping engine, ONSALE auctions, InternetShopper.com.

  • CheckPoint Software (NASDAQ:CHKPF) shares rise more than 11% to $31.94 per share on news late yesterday that the firewall software market leader (45%) will strengthen its ties with PC software king Microsoft in a two-year agreement to mesh interoperability of its product with Microsoft NT. CHKPF had taken a hit recently after comments made more than two weeks ago by Microsoft’s Steve Ballmer indicated Microsoft was moving into the security software field and that CheckPoint could be a rival.

    Microsoft has been very aggressive in all software spaces so we expect this may end up being the case in firewalls also. NT firewall anyone? Remember, Microsoft “worked” with IBM (PC), Apple (GUI), Spyglass (Web browser) and now CheckPoint (firewalls).

  • Verio files its initial public offering price at the top of its range, $23 per share, with 5.5 million shares offered. We expect a short pop on its first day but not anything close to Broadcom (NASDAQ:BRCM) which zoomed. We’ll see May 13. For our analysis on Verio’s IPO see www.isdex.com Archives.

    •
    Steve Harmon
    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.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    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.

    Terms of Service Privacy Policy California - Do Not Sell My Information