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Internet Market Close Report for 1998.06.11

Written By

Jun 11, 1998

1 minute read

	11-Jun-98	point change	% change
ISDEX	134.87	-2.60	-1.89%
ISDEX Price Wtd.	1,413.84	-15.84	-1.11%
NASDAQ	1,749.75	-23.50	-1.33%
DJIA	8,811.77	-159.93	-1.78%

Amazon.com (NASDAQ:AMZN) goes ballistic (again) on the unveiling of its anticipated music store. AMZN shares climb 15% to $62.50 per share. Just April 24 in
Internet Stock Report we said Amazon could take off precisely for that reason, and the fact that a survey we took revealed Amazon to be the Web’s strongest “ecommerce” name – not just books. AMZN, split-adjusted, was a $40.50 stock then, so it’s up 54% in a little over a month.

CMG Information Services (NASDAQ:CMGI) reports its third quarter revenue reaches $20.4 million vs. $17.8 million 3Q98. Net loss is $11.7 million, or loss of $0.55 per share vs. loss of $0.29 per share 3Q98. But, in our opinion, the balance sheet movements are secondary considerations to the net asset value of CMG’s more than 20 investments. For example, much of 3Q revenue came by it selling a small percent of its position in Lycos (NASDAQ:LCOS), which it still owns about 40% of. The name CMG still sounds like a misnomer here, however.

Internet stocks, venture capital, the money trail —

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of Wall Street’ by CBS Marketwatch. See Steve and top insiders vigorously debate Internet stocks and investment ups and
downs, with your Q&A, at

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U.S. Needs to Protect Tech Leadership: Qualcomm

U.S. Needs to Protect Tech Leadership: Qualcomm

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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