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

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Internet Market Close Report for 1998.08.21

Written By

Aug 21, 1998

2 minute read

	21-Aug-98	point change	% change
ISDEX geo. average	127.06	-1.74	-1.35%
ISDEX composite	1,445.53	-26.06	-1.77%
NASDAQ	1,797.61	-34.84	-1.90%
DJIA	8,533.65	-77.76	-0.90%

Cisco (NASDAQ:CSCO) agrees to acquire IP address management and access firm American Internet for $56 million stock.

NewsEdge (NASDAQ:NEWZ) will deliver its wholesale news feed to Yahoo’s new small business site. NewsEdge hasn’t been able to crack the lack of brand value, however, in its stock price, despite being one of the Web’s largest personalized news firms.

E*TRADE (NASDAQ:EGRP), completes its announced $400 million sale of common stock to SOFTBANK (Tokyo:9984) which now owns 27.2% of the Web-based investment service. SOFTBANK holds 15.6 million newly issued E*TRADE shares which it paid $25.56 per share. E*TRADE shares outstanding are 56.5 million now. SOFTBANK owns 31% of Yahoo!, 35% of GeoCities, 71% of Ziff-Davis and scores of investments in Internet startups. We believe SOFTBANK was behind E*TRADE’s recent deals with Yahoo and Ziff Davis, as it tries to leverage its portfolio. Keiretsu anyone?

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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This week, Qualcomm held an event in Washington, D.C. to raise concerns about intellectual property creation, control and protection – and specifically against the rise of China as a technological powerhouse that could displace U.S. leadership. The opening keynote by Susan C. Schwab, an expert in negotiating trade disputes at the University of Maryland’s School […]

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Cisco has changed the name of its Corporate Social Responsibility Impact Report to the Purpose Report. The change highlights a critically important question: What is a company’s purpose? Steve Jobs would have argued that a company’s purpose is to sell something, like services or products, and make a profit. But we have often argued that […]

Dec 17, 2021

HP Builds an Advanced Cloud Workstation for the Metaverse

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This week was NVIDIA’s GTC conference, and one of the big announcements was that NVIDIA is building a supercomputer for a digital twin of the Earth. Called Earth 2, this will be a massive effort to create an accurate simulation for the planet that could be used to develop a cost-effective method to mitigate climate […]

Nov 13, 2021

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