Internet Market Close Report for 1998.09.22



























 

22-Sep-98

point change

% change

ISDEX

102.64

4.16

4.22%

NASDAQ

1,697.80

17.37

1.03%

DJIA

7,879.20

-54.05

-0.68%

  • Broadcast.com (NASDAQ:BCST) shares rise again on an upgrade by Morgan Stanley Dean Witter to “outperform.” We believe the Clinton video raised BCST’s profile on the Street as a streaming provider. More than 1 million people visited Broadcast.com to view the video or see parts of it. BCST is up more than 30% the past two days.

  • CDnow (NASDAQ:CDNW) reports its music sales affiliate program reaches 100,000 members which receive cash, discounts and specials. CDnow calls it more than an affiliate program, a “community.” we think that possibility could foreshadow the upside for CDnow as it seeks to expand its thin margin retail sales effort. Recall it recently added custom CDs that let users select their own songs.

  • Netscape (NASDAQ:NSCP) takes aim at providing info and resources to women business owners, which account for 1 in 3 of businesses in the U.S. To meet that, Netscape Netcenter plans to feature Women.com content. Separate studies show that about half of Web users are women, challenging the myth of the old male-centric medium of yesteryore.





    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:[email protected]

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