Internet Market Close Report for 1999.02.17 | Internet News

Internet Market Close Report for 1999.02.17

Written By
Steve Harmon
Steve Harmon
Feb 18, 1999
1 minute read























  17-Feb-99 point change % change
ISDEX 275.97
-17.31 -5.90%
NASDAQ 2,260.55 -53.32 -2.30%
DJIA 9,298.63 1.60 0.02%


  • Broadvision (NASDAQ:BVSN) and Cisco (NASDAQ:CSCO) team up to provide
    companies transaction-enabled, personalized ecommerce sites. We think this is a
    good move for Broadvision’s market reach for growth.

  • CMGI (NASDAQ:CMGI) invests $100 million in a new startup aimed at the
    burgeoning Internet audio-video market. The firm will be headed by former NBC TV
    executive Neil Braun. The move reiterates the shift towards more multimedia on
    the Internet. As it stands we see two stocks in this space, two companies with
    substantial leads: RealNetworks (NASDAQ:RNWK) and Broadcast.com (NASDAQ:BCST).

  • Mindspring (NASDAQ:MSPG) finalizes its purchase of NETCOM from ICG. ICG
    keeps the backbone but sells Mindspring NETCOM’s U.S. subscriber and customer
    base. Terms: $245 million ($215 million in cash and $30 million in stock).

  • Earthlink (NASDAQ:ELNK) posts $175 million revenue for 1998, more than
    double the $80.8 million in 1997. Loss for 1998 is $2.58 per share vs. $1.50 per
    share in 1997.



    Harmon’s HotWatch ’99 – the hottest analysis about Internet stocks
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    Harmon was up 300%. Will 1999 be a repeat? More info
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