HomeIT Management

Internet Market Close Report for 1998.06.03

Steve Harmon
By Steve Harmon

































 
02-Jun-98
point change
% change

ISDEX
131.90
1.48
1.13%

ISDEX Price Wtd.
1,297.09
-20.59
-1.56%

NASDAQ
1,742.31
-19.48
-1.11%

DJIA
8,804.30
-86.94
-0.98%

  • Cyberian Outpost, which sells software and hardware via the Web, files for initial public offering, the latest to tap the public market for capital. Given Wall Street’s latest fickleness we wonder if Cyberian will be left out in the cold? More on this in a future Internet Stock Report this week.

  • PairGain (NASDAQ:PAIR) gains on news that Rockwell debuts a new high-speed modems featuring PairGain’s DSL technology. The modems receive data at one meg per second and send at 128 kbps upstream (ISDN speeds) using standard telephone wires. Maybe DSL is about to deliver after all.

  • Concentric Network (NASDAQ:CNCX) prices $150 million of 13 1/2% Senior Redeemable Exchangeable Preferred Stock due 2010. Each share of preferred will have a liquidation preference of $1,000 per share. This corporate ISP looks like it’s cashing up for the network wars ahead. As an aside, we wonder what impact Sprint’s (NASDAQ:FON) new ION high-speed multiple communication service will have on the telco and ISP sectors. Lack of bandwidth has been one of the top bottlenecks in Internet roll out.




    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
    Steve Harmon
    Previous article
    US Interactive Names Vice President for Business Development
    Next article
    InsurNet, CitX Get Exclusive Contract With GE Capital

    Similar Posts

    Get the Free Newsletter!

    Subscribe to our newsletter.

    Subscribe to Daily Tech Insider for top news, trends & analysis

    News Around the Web

    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.

    Advertisers

    Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.

    Advertise with Us

    Menu

    Our Brands

    Property of TechnologyAdvice.
    © 2024 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.