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Internet Market Close Report for 1998.11.05

Written By

Nov 5, 1998

2 minute read

	05-Nov-98	point change	% change
ISDEX	180.38	3.46	1.96%
NASDAQ	1,837.10	13.53	0.74%
DJIA	8,915.47	132.33	1.51%

Moves and news:

Microsoft (NASDAQ:MSFT) selects Beijing as its first Asian research lab site with $80 million slated to develop it over the next few years. We think the move notable in getting Microsoft a foothold in the world’s largest market, China with a pool of cheap labor and a market that has yet to embrace the PC or Internet. When–and if–it does China may become a Web heavyweight.

N2K (NASDAQ:NTKI) and TicketMaster Online have played legal PR with each other, each claims the other breached their contract that had N2K paying TicketMaster a set fee to be exclusive music seller on its service.

CMGI (NASDAQ:CMGI) invests in startup Virtual Ink, which allows people to share workflow over the Internet. No terms disclosed. Another in the long list of CMGI portfolio investments which the firm leverages with each other and with clients that want services from one of them.

Attention Internet Startups! LaunchPad West StartUp Pavilion, part of Spring Internet World ’99, one of the world’s largest Internet industry trade shows 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 Spring Internet World (expected attendance is more than 50,000) in Los Angeles Spring 1999 then contact Tim Walsh (hurry, space limited): mailto:twalsh@mecklermedia.com

Steve Harmon

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