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.
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!