HomeIT Management

Internet Market Close Report for 1998.10.08

Steve Harmon
By Steve Harmon



























 
08-Oct-98
% change
point change

ISDEX
77.24
-7.25%
-6.04

NASDAQ
1,419.12
-2.97%
-43.49

DJIA
7,731.91
-0.13%
-9.78

  • Mecklermedia (NASDAQ:MECK), producer of this report, agrees to sell for $29 per share cash to Penton Media (NYSE:PME) for about $274 million total. On merger completion Chairman and CEO Alan Meckler agrees to acquire an 80.1% stake in Internet.com (Mecklermedia’s Website). The deal is expected to be completed in November and has been approved by both boards. Penton owns and operate more than 60 trade shows and publishes trade titles. With the acquisition it will have about 100 trade shows with Mecklermedia’s stable of Internet World and ISPCon events and Internet World print newspaper.

  • Yahoo (NASDAQ:YHOO) falls more than 8% to $104.81 per share after it beats the Street’s $0.10 EPS target by a nickel per share. How’s that for market logic? We think investors may be wondering if the better-than-expected results may be an anomoly.

  • Netscape (NASDAQ:NSCP) announces its “Custom Netscenter” that will allow firms to create their own mini-portals. We like the move but it’s already doable using any of the personalized home page features offered by Yahoo, Excite (NASDAQ:XCIT), Lycos (NASDAQ:LCOS) and Infoseek (NASDAQ:SEEK). However, Netscape’s approach seems more focused and superior for the targeted market.

    Internet Stock Report. If your business if the Internet, this no hype, hip shooting analysis is your business. Tell a friend about it! Point them to this Web address.

    • Steve Harmon
    Steve Harmon
    Previous article
    The Web Ad Always Rings Twice, Part I
    Next article
    NetCreations, LinkExchange Team in E-mail Lists

    Similar Posts

    Get the Free Newsletter!

    Subscribe to our newsletter.

    Subscribe to Daily Tech Insider for top news, trends & analysis

    News Around the Web

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    Advertisers

    Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.

    Advertise with Us

    Menu

    Our Brands

    Property of TechnologyAdvice.
    © 2024 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.