Internet Market Close Report for 1998.10.14 | Internet News
IT Management
SHARE
Facebook X Pinterest WhatsApp

Internet Market Close Report for 1998.10.14

Written By
Steve Harmon
Steve Harmon
Oct 14, 1998
2 minute read


























 
14-Oct-98
point change
% change

ISDEX
127.25
2.52
2.02%

NASDAQ
1,540.97
31.52
2.09%

DJIA
7,968.78
30.64
0.39%

Moves and news:

  • E*TRADE (NASDAQ:EGRP) reports fiscal fourth-quarter revenue of $68.7 million, up 32% vs. 4q97. Net loss is $15.7 million due to heavy marketing costs, acquisitions and ramp up of its services. Fiscal year 1998 revenues rise 57% to $245.3 million.

    We believe E*TRADE has the opportunity to be one of the few financial brands borne of the Web to reach out and re-intermediate traditional banking and financial services, simply for the focus E*TRADE has. Although Datek gets good reviews from our reader/user base.

  • USWeb (NASDAQ:USWB) signs 20th Century Fox, Jenny Craig, Motion Picture Association, Ocean Spray and Remerica Real Estate Corp. as clients. You may recall it’s in a deal to acquire CKS Group (NASDAQ:CKSG). The market has said “no” but we think if it can make the integration work that the combined company, Reinvent Communications (or whatever they settle on) could be a powerful integrated marketing/ad/consulting player.

  • Netscape (NASDAQ:NSCP) fires its own salvo at the international portal space on the heels of Microsoft’s (NASDAQ:MSFT) MSN renewed effort. Netscape partners with local search, content providers. The stats according to Netscape: Netcenter counts eight million registered members since its launch in September 1997 with 30 percent of that membership coming from 217 countries outside the U.S.

  • Click here now! for ISDEX historical closing values data back to 10/10/96! for use in your spreadsheets. Not for commercial purposes. Brought to you as a service by Internet.com.

    •
    Steve Harmon
    Internet News Logo

    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.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    Property of TechnologyAdvice. © 2026 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.

    Terms of Service Privacy Policy California - Do Not Sell My Information