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Internet Market Close Report for 1998.08.07

Steve Harmon
By Steve Harmon



























 
07-Aug-98
point change
% change

ISDEX
137.52
5.52
4.18%

NASDAQ
1,846.77
25.18
1.38%

DJIA
8,598.02
20.34
0.24%

  • EarthWeb files to go public, wants to raise $34.5 million. The developer-centric Web site firm sales for six-months ending June 30 reach $974,000 with losses of $2.9 million. 1997 sales are $1.1 million with $7.8 million loss. On a $4 million annualized sales basis we think EarthWeb could see just under Go2Net (NASDAQ:GNET) valuation.

  • Justballs! gets a first-round investment from David Wetherell, CEO of CMG. It plans on selling, yep, just balls via the Web. Sounds kind of funny today but so did selling books over the Web, an idea we hear Wetherell had before Amazon.com four years ago.

  • GeoCities IPO may price Monday August 10 and begin trading Tuesday. See today’s Internet Stock Report and August 6 edition for more analysis.


    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 some of the top Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!”

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