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Internet Market Close Report for 1998.09.17

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Sep 17, 1998

2 minute read

	17-Sep-98	point change	% change
ISDEX	96.80	-3.00	-3.01%
ISDEX price weighted	1,283.05	-55.58	-4.15%
NASDAQ	1,646.25	-43.66	-2.58%
DJIA	7,873.77	-216.01	-2.67%

Netscape (NASDAQ:NSCP) inks a deal with telco upstart Qwest to feature voice mail, fax and other communications services, to be dubbed Netscape Contact. Terms undisclosed. But here’s one for you: why doesn’t Qwest acquire Netcenter. We think telcos will need a Web site to act as touchstone for all comm services, a home page for all your calls, emails, voice mails, databits. Qwest has been aggressive in its thinking. Is it that revolutionary?

Yahoo! (NASDAQ:YHOO) CFO Gary Valenzuela tells an investment conference crowd he sees operating margins of 30% to 36% in next 12 months vs. the 16% to 20% range analysts had expected. Bases the forecast on leadership position. We think Yahoo has proven itself as the primary platform in the brief four years of its existence. It’s made all the right moves so far. The challenge may be continued user growth at that level, the pending marketing battle ahead with Microsoft, AOL, NBC’s Snap!, and any other site that plops down the marketing muscle. Marketing could squeeze margins if it beomes heavy petting with TV, radio, newspaper promotions.

Concentric Network (NASDAQ:CNCX) gets a initial “buy” rating from ING Barings Furman Selz, which puts a “hold” rating on PSINet (NASDAQ:PSIX). Other recommendations today are: DoubleClick (NASDAQ:DCLK) “long-term” attractive” by BancBoston Robertson Stephens.

The superbowl of Internet investment conferences! Internet Investment Symposium ’98 @ Fall Internet World!

New York City, Oct. 8-9 as Steve Harmon, Upside, CNNfn, PriceWaterhouseCooper, and more talk 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! Sign up now

LaunchPad Pavilion, part of Fall Internet World ’98, the world’s largest Internet industry trade show held Oct 5 – 9, offers exhibit space for startups ONLY at a reduced price in order to meet their often limited capital available at the startup stage. It is Mecklermedia’s way of letting the newbies get their voice heard. If you or a friend is at a Internet startup and want to exhibit at Fall Internet World (expected attendance is more than 50,000) in New York City’s Javits Center then contact Reed Bocchino 203-341-2826 or email: mailto:rbocchino@mecklermedia.com

Internet Market Close Report for 1998.09.17

Steve Harmon

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