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Internet Market Close Report for 1998.05.21

Steve Harmon
By Steve Harmon

































 
20-May-98
point change
% change

ISDEX
148.24
-1.69
-1.13%

ISDEX Price Wtd.
1,531.16
-18.53
-1.20%

NASDAQ
1,831.75
-14.12
-0.76%

DJIA
9,171.48
116.83
1.29%

  • Market Guide (NASDAQ:MARG), a financial information provider on the Internet, now provides AltaVista Search Services new Finance Zone with a feed and screening tool. We think AltaVista is playing catch up in the destination space as its rivals have all become channels and online services. Digital/Compaq should perhaps spin this out via IPO like Digital planned to long ago and use the working capital that results to find a niche for this powerful search service. We estimate AltaVista as a firm could fetch a $325 million valuation in an offering and maybe $35 million working capital.

  • Mecklermedia, (NASDAQ:MECK) reports its Internet World UK Spring ’98 trade show (May 11-14th) attendance reaches more than 7,500 Internet industry and business professionals. Internet World UK Spring ’98 continues to be the United Kingdom’s largest Internet industry trade show.




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