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

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Internet Market Close Report for 1998.08.14

Written By

Aug 14, 1998

1 minute read

	14-Aug-98	point change	% change
ISDEX	132.03	0.00	0.00%
NASDAQ	1,790.19	-12.35	-0.69%
DJIA	8,425.00	-34.50	-0.41%

24/7 (NASDAQ:TFSM) goes public today, prices 3.25 million shares at $14, opens at $18.50, hits a $22.75 high and closes at $20.25. The IPO signals the continued strength and interest in Internet offerings in the ecommerce space. Rival DoubleClick (NASDAQ:DCLK) shares lose 3% to $43 per share today. For our analysis of 24/7 please click here

E*TRADE (NASDAQ:EGRP) holds more than 11% of the fast-growing Web stock trading arena, making it second to Schwab according to Piper Jaffray. Both E*TRADE and Schwab, however, lost some marketshare, 1% and 2% respectively, as privately-held Datek, Ameritrade (NASDAQW:AMTD), Fidelity and Waterhouse make aggressive moves. Some 22% of all retail trades were done on the Web in the first half of this year.

Internet Startup Live! Venture Showcase

The Internet investment world’s mountaintop, got a startup
Internet business you want to scream with?

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…top execs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, debuts hot startups at Startup Live!, and debates top stocks with the leading Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!”

Steve Harmon

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