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Internet Market Close Report for 1998.09.29

Written By

Sep 29, 1998

2 minute read

	29-Sep-98	% change	point change
ISDEX	108.73	-1.96%	-2.18
NASDAQ	1,734.05	-0.30%	-5.17
DJIA	8,080.52	-0.35%	-28.32

Netscape (NASDAQ:NSCP) browser shares falls from 51% to 42% the first six months of this year, according to a study by IDC. Largest rival Microsoft (NASDAQ:MSFT) Internet Explorer holds 44% effective marketshare (including AOL usage). On its own, IE gains 5% to 28%. We think the loss of browser share somewhat softens Netscape’s “default” growth of its Website Netcenter. Netscape needs to be aggressive in bundling Navigator/Communicator to seed the future users for its Web efforts.

Mecklermedia (NASDAQ:MECK) opens ISPCon, the world’s largest ISP convention, in San Jose today through Oct. 2 and kicks off the world’s largest e-business Internet trade show/conference Oct. 5-9, Fall Internet World. See www.boardwatch.com for ISP news from ISPCon.

Broadcast.com (NASDAQ:BCST) teams up with ESPN to deliver more than 1,000 NCAA football games with video-audio and stats over the Internet.

Market Guide (NASDAQ:MARG) reports $2.3 million revenue for its quarter ending August 31, up 37% vs. teh same period last year. Net income reaches $161k or $0.03 EPS. Web redistribution agreements and ads fuel the rise, with Market Guide available on more than 40 Web sites and marketguide.com.

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 1998.09.29

Steve Harmon

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