Internet Market Close Report for 1998.08.19 | Internet News
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Internet Market Close Report for 1998.08.19

Written By
Steve Harmon
Steve Harmon
Aug 19, 1998
1 minute read
































 
19-Aug-98
point change
% change

ISDEX geo. average
132.25
-1.96
-1.46%

ISDEX composite
1,486.09
-20.13
-1.34%

NASDAQ
1,842.69
-12.43
-0.67%

DJIA
8,693.28
-21.37
-0.25%


  • Lycos (NASDAQ:LCOS) posts $19 million revenue for its fiscal fourth quarter, up 145% vs. 4Q97. Loss before charges narrower than expected at $0.09 loss per share vs. First Call analyst consensus loss of $0.13 per share. With charges loss reaches $0.32 per share. The fourth-largest Web network, Lycos’ revenue was half that of leader Yahoo! (NASDAQ:YHOO). We believe the acquisition of a slew of community sites could boost Lycos’ top line if it can extract user value via marketing deals for the increased audience. It’s a delicate art as GeoCities has found.

  • AOL (NYSE:AOL) gets an initial “buy” rating from Deutsche Bank.

  • @Home (NASDAQ:ATHM) receives an initial “accumulate” rating from Deutsche Bank and “buy” rating from Barings Furman Selz.







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    •
    Steve Harmon
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