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Internet Market Close Report for 1998.07.30

Steve Harmon
By Steve Harmon



























 
30-Jul-98
point change
% change

ISDEX
143.36
2.39
1.70%

NASDAQ
1,919.62
38.13
2.03%

DJIA
9,026.95
111.99
1.26%

  • Network Solutions (NASDAQ:NSOL) posts second-quarter results of $2.46 million net income, or $0.15 per share (diluted) vs. $740,000, or $0.06 per share 2Q97. Revenue jumps 103% to $20.5 million. Driving the increase is a 91% rise in registrations vs. the same period last year. We believe there’s a whole lot of “.coms” to be done and NSOL looks to be at the apex of this. Competition may emerge but having the first service mitigates that to some extent.

  • Microsoft co-founder Paul Allen agrees to acquire cable firm Charter Communications for $4.5 billion. Allen invests in many media and telecommunication companies and now appears to be betting that the coaxial cable may be the route to high-speed Internet services. Microsoft also has invested in cable.


    Internet Investment Symposium ’98 @ Fall Internet World!

    Book now! New York City, Oct. 8-9 as Steve Harmon talks investments with some of the top names in the industry…CEOs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, and 3 of the top Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!”

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