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Link to IBM's 2nm Chip Will Remake IT Industry

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Internet Market Close Report for 1998.05.22

Written By

May 22, 1998

1 minute read

	22-May-98	point change	% change
ISDEX	145.12	-3.38	-2.28%
ISDEX Price Wtd.	1,493.19	-41.56	-2.71%
NASDAQ	1,805.00	-15.99	-0.88%
DJIA	9,114.44	-17.93	-0.20%

Verio (NASDAQ:VRIO) is the subject of takeover speculation just a week after going public. IPOed at $23 May 12, flirted with $30 and closes today at $24.375. Although some believe a U.S.-based local exchange carrier could be on the prowl here we recall that Verio sold 4.5 million shares of shares to an affiliate of Japan-based Nippon Telegraph and Telephone (NYSE:NTT) for an aggregate price of $100 million at the same time it went public. NTT a buyer?

CMG Information Services (NASDAQ:CMGI) rescinds its stock repurchase program announced October 25, 1996 which authorized the repurchase of up to 1 million shares (split adjusted) of CMGI. CMG’s CFO says the decision was a result of uncertainties regarding the Securities and Exchange Commission’s interpretation of Staff Accounting Bulletin 96 (SAB 96) and it has not purchased any shares the past 12 months.

CKS Group (NASDAQ:CKSG) gets an initial “strong buy” rating from Furman Selz. We said in Internet Stock Report April 7 that CKS looked somewhat attractive in our opinion based on fundamentals and relative valuation. See Archives April 7 Morning Report for that report.

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This week, Qualcomm held an event in Washington, D.C. to raise concerns about intellectual property creation, control and protection – and specifically against the rise of China as a technological powerhouse that could displace U.S. leadership. The opening keynote by Susan C. Schwab, an expert in negotiating trade disputes at the University of Maryland’s School […]

Apr 8, 2022

HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem

HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem

When it comes to technological breakthroughs, we’re often well into the deployment of the new technology before anyone figures out we need to manage all aspects of it. The metaverse will likely prove to be no exception. The metaverse uses existing servers and workstations, which already have a variety of management tools used to manage […]

Mar 5, 2022

Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.

Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.

Cisco has changed the name of its Corporate Social Responsibility Impact Report to the Purpose Report. The change highlights a critically important question: What is a company’s purpose? Steve Jobs would have argued that a company’s purpose is to sell something, like services or products, and make a profit. But we have often argued that […]

Dec 17, 2021

HP Builds an Advanced Cloud Workstation for the Metaverse

HP Builds an Advanced Cloud Workstation for the Metaverse

This week was NVIDIA’s GTC conference, and one of the big announcements was that NVIDIA is building a supercomputer for a digital twin of the Earth. Called Earth 2, this will be a massive effort to create an accurate simulation for the planet that could be used to develop a cost-effective method to mitigate climate […]

Nov 13, 2021

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