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

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Internet Market Close Report for 1998.06.10

Written By

Jun 10, 1998

1 minute read

	10-Jun-98	point change	% change
ISDEX	137.47	-2.16	-1.55%
ISDEX Price Wtd.	1,429.69	-16.19	-1.12%
NASDAQ	1,773.25	-27.51	-1.53%
DJIA	8,971.70	-78.22	-0.86%

Inktomi (NASDAQ:INKT) doubles from its IPO price of $18 per share, ending the day at $36. INKT opened its first day of trading today at $30.75 as the oversubscribed offering for the Web search engine wholesaler and cache network provider hit the ‘Street. For our Inktomi outlook analysis click here now!

Excite (NASDAQ:XCIT) jumps into the auction space, hoping to turn its Classified2000 into a more robust offering by adding real-time auctions. The move puts it in competition with auction-centric sites ONSALE (NASDAQ:ONSL) and privately-held eBay.com. ONSALE, meanwhile, debuts 60-minute auctions with bids starting at $1.

USWEB (NASDAQ:USWB) is hit with a $14 million lawsuit by marketing firm Larmark which alleges USWEB didn’t meet the timeline to build a Web site that would bring together jewelry wholesalers and retailers. The bulk of the claim, $13 million, is for what Larmark calls ‘future loss of revenue; and legal fees and court costs.’ We’re curious to see what USWEB will respond with.

Internet stocks, venture capital, the money trail —

Steve Harmon and top industry insiders
vigorously debate Internet stocks and investment ups and downs, with your Q&A, at

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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

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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.

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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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