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Internet Market Close Report for 1998.07.17

Steve Harmon
By Steve Harmon

































 
17-Jul-98
point change
% change

ISDEX
168.53
0.42
0.25%

ISDEX Price Wtd.
1,919.38
11.56
0.61%

NASDAQ
2,008.76
43.23
2.20%

DJIA
9,337.97
9.78
0.10%

  • Broadcast.com (NASDAQ:BCST) debuts as the all-time best ever IPO, up 279% from its $18 initial price per share. That was a bump from its target of $13. Click here now and
    get our analysis     of Broadcast.com’s chances in this white-hot market.

  • CMG Info (NASDAQ:CMGI) invests $500,000 in Magnitude Network for 19.9% equity and rights to acquire 80.1% later if it chooses. Magnitude provides Webcast services for broadcasters, something that may be getting popular if Broadcast.com’s IPO means anything, and we think it does. We’re at an inflection pont where the Internet engulfs old media more and more.

    Steve Harmon was named one of the
    ‘Best
    of Wall Street’ by CBS Marketwatch.     Steve and other top insiders
    debate Internet stocks and investment ups and downs, with your
    Q&A    , at


    Internet Stock Report. If your business is the Internet, this no
    hype, hip shooting analysis is your business. Tell a friend about it! Point
    them to this Web address!

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