Internet Market Close Report for 1998.08.20 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.08.20

Written By
Steve Harmon
Steve Harmon
Aug 20, 1998
2 minute read
































 
20-Aug-98
point change
% change

ISDEX geo. average
128.80
-3.45
-2.61%

ISDEX composite
1,471.59
-14.50
-0.98%

NASDAQ
1,832.45
-10.24
-0.56%

DJIA
8,611.41
-81.87
-0.94%


  • Barnes & Noble (NYSE:BKS) plans on spinning off its Web division, BarnesandNoble.com, selling about 20% of the unit to the public. The motivation is clear: rival Amazon.com (NASDAQ:AMZN) market value at north of $6.7 billion (including debt) is well over twice Barnes & Noble. And the inflow of capital could help BKS Web site grow. Fans on H&R Block’s (NYSE:HRB) 20% spinoff of CompuServe take note: 20% may not be enough to get Wall Street excited. Look for our in-depth report on AMZN vs. BKS and what this possible IPO valuation could be in tomorrow’s Internet Stock Report.

  • USWeb (NASDAQ:USWB) agrees to acquire Metrix Communications which makes workflow and collaboration software based on the Lotus Notes/Domino platform. Terms undisclosed. We believe USWeb is doing the “embrace and extend” approach to the Internet professional services market. Outsourcing Web services may be very commonplace for the millions of businesses that want Web presence without having to hire a Web team. Businesses use phones but don’t have phone gurus on the payroll, do they? USWeb acquiring a Lotus-centric firm to us looks like a reach for an installed base it can leverage into a broader Internet service base.

  • Amazon.com (NASDAQ:AMZN) $530 million 10% senior discount notes due 2008 gets a single-‘B’ rating as did the company itself.







    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
    Internet News Logo

    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.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    Property of TechnologyAdvice. © 2026 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.

    Terms of Service Privacy Policy California - Do Not Sell My Information