ISR’s Market Snapshot | 28-Aug-98 | point change | % change |
|---|---|---|---|
ISDEX geo. average | 102.86 | -7.10 | -6.46% |
ISDEX price weighted | 1,362.42 | -113.48 | -7.69% |
NASDAQ | 1,639.68 | -46.73 | -2.77% |
DJIA | 8,051.68 | -114.31 | -1.40% |
blended market results | 11,156.64 | -281.62 | -2.46% |
- AOL (NYSE:AOL) inks a deal for directory services with Infospace.com, the aggressive supplier of guides to several Web sites. Infospace filed to go public recently to raise $57 million. Loser in the deal is Banyan (NASDAQ:BNYN) which supplied AOL with its Switchboard directory. BNYN shares drop a third to $3 per share.
- Privately-held XOOM files its IPO in an effort to raise $46 million. The direct marketing-selling community service provides Web space, chat, email and other free services to members. XOOM posted $2.9 million sales through June 30, more than 70% from ecommerce. It sells tools, clip art and direct sales items to its email and Web membership. Media Metrix survey showed XOOM as the second-fastest growing Web site this year.
- CNET (NASDAQ:CNWK) gets a “strong buy” from BancAmerica Robertson Stephens based on its new computer and shopping area’s ability to generate sales. BARS has a $67.50 per share price target for CNWK and $0.11 EPS forecast for this year.
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!”