HomeIT Management

Internet Market Close Report for 1998.08.18

Steve Harmon
By Steve Harmon



























 
18-Aug-98
point change
% change

ISDEX
134.21
4.01
3.08%

NASDAQ
1,855.12
37.08
2.04%

DJIA
8,714.65
139.80
1.63%


  • Netscape (NASDAQ:NSCP) reports $88,000 net income for its fiscal third quarter ending July 31 when a $0.02 loss was expected (First Call). Revenue jumps 18% to $150.2 million vs. second quarter. Netscape’s Web site Netcenter revenues climb 24% to $38.7 million, putting it ahead of most of the top 10 Web sites in the world in terms of revenue generation.

    It looks as if Netscape’s Web division may be on the path to outdistancing scores of rivals. Our number crunching shows Netscape with $145 million working capital also, a sizable amount in the Web site wars, depending on how much allocates to Netcenter and how much to Netscape’s considerable software side.

  • Mecklermedia (NASDAQ:MECK) Internet World Australia ’98 trade show August 11-13 breaks attendance records with 13,705 attendees at the Sydney Convention & Exhibition Centre. More than 70 exhibitors and 80 conference sessions.


  • AOL (NYSE:AOL), the world’s largest ISP, will buy Cisco (NASDAQ:CSCO) gigabit switch routers to improve AOL network preformance, long a sore point for users tired of busy signals. Cisco routers command 85% marketshare.







    Internet Startup Live! Venture Showcase

    APPLY NOW!


    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
    Steve Harmon
    Previous article
    iSleuth.com Names New CEO, Signs Advertisers
    Next article
    Honkworm, POP! Multimedia Team Up

    Similar Posts

    Get the Free Newsletter!

    Subscribe to our newsletter.

    Subscribe to Daily Tech Insider for top news, trends & analysis

    News Around the Web

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    Advertisers

    Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.

    Advertise with Us

    Menu

    Our Brands

    Property of TechnologyAdvice.
    © 2024 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.