02-Jun-98 |
point change |
% change |
|
ISDEX |
130.42 |
-1.23 |
-0.93% |
ISDEX Price Wtd. |
1,317.69 |
-25.88 |
-1.93% |
NASDAQ |
1,761.79 |
14.97 |
0.86% |
DJIA |
8,891.24 |
-31.13 |
-0.35% |
Footnote-We recall June 11, 1997 when Intuit paid Excite $40 million to “sponsor” its financial channel and how the market balked. Terms in the Intuit-xcite deal: Intuit paid $13.50 per share for 2.9 million XCIT shares, or about 20% of XCIT. XCIT closes at $56.625 today, already giving Intuit a healthy return on its investment.
Used to be Mozilla (Microsoft killer) was Netscape’s mascot. Now we suggest an alternative based on its lower profile-Yahooilla, as Netscape goes for the top slot against its former ally.
Its enterprise software also is far from dead, consider that the division revenue hit $96.1 million for the three months ending April 30, 1998, vs. $91.4 million for the three months ending December 31, 1997. Revenue from Web site Netscape Netcenter reached $31.1 million vs. $21.3 million during that same period.
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