Internet Market Close Report for 1998.05.15 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.05.15

Written By
Steve Harmon
Steve Harmon
May 15, 1998
1 minute read
































 
15-May-98
point change
% change

ISDEX
154.75
-2.76
-1.75%

ISDEX Price Wtd.
1,584.25
-33.81
-2.09%

NASDAQ
1,846.77
-18.59
-1.00%

DJIA
9,096.00
-76.23
-0.83%

  • Lycos (NASDAQ:LCOS) shares fall 6.7% to $63.375 per share on heavier than normal volume on a planned 3 million share offer which will dilute future earnings–or so those that sold think. At least one research analyst lowers the earnings per share based on the future dilution but maintains a buy rating. We think the capital raised will boost Lycos’ ability to sell and market itself, which in turn could add to user growth, which in turn feeds ecommerce deals, which is top and bottom line. That’s the bet here, that a dollar spent on acquiring more users today is perhaps as much as $10 next year to acquire a new user.

  • Metricom (NASDAQ:MCOM) narrows its losses and doubles its revenues with $3.6 million first quarter revenue vs. $1.8 million 1Q97; loss reaches $11.7 million or $0.69 loss per share vs. $13.9 million or $1.03 loss per share. The wireless Internet access provider spent more heavily on product costs. Narrows losses but still in buildout mode. Its Ricochet access service is available in San Francisco Bay, Seattle, and Washington, D.C., on a few corporate campuses and 11 major airports in the U.S.

  • ONSALE (NASDAQ:ONSL) and Softbank announce an agreement to do a Japanese version of ONSALE, 60% owned by Softbank and 40% by ONSALE. Softbank contributes cash while ONSALE, technology.

    •
    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