Internet Market Close Report for 1998.05.19 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.05.19

Written By
Steve Harmon
Steve Harmon
May 19, 1998
1 minute read
































 
19-May-98
point change
% change

ISDEX
149.93
0.08
0.05%

ISDEX Price Wtd.
1,549.69
10.56
0.69%

NASDAQ
1,845.87
14.25
0.78%

DJIA
9,054.65
3.74
0.04%

  • Excite (NASDAQ:XCIT) files to sell 1.35 million shares of XCIT to pay for its $70 million deal with Netscape and also to raise working capital. The move follows Lycos’ filing of 3 million shares May 14. We think all the search and guide sites in the top tier could (and should) tap the public market to cash up for the coming battle with Microsoft in the search space.

  • Netscape (NASDAQ:NSCP) inks a deal with Citibank to supply the banking services firm software for its ecommerce system it plans on building. Just when you thought Netscape was all media the software makes a big splash.

  • AOL (NYSE:AOL) and Kodak sign an agreement that ships photos dropped off at Kodak developer centers to be emailed to AOL users under a ‘you’ve got pictures’ effort. A good move that shows AOL is starting to leverage its user base into new fields.




    Internet stocks, venture capital, the money trail —


    Steve Harmon and top industry insiders
    give first-person and vigorous debate, with your Q&A, at


    Summer Internet World’s Capital
    Connections


    session. July 15 Chicago. SIGN UP NOW!

    •
    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