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Investors Go To Go2Net

Written By
Steve Harmon
Steve Harmon
Mar 10, 1999
1 minute read

ISDEX finds today’s trading session led only by a few rising stars, while the overall market weakened with the NASDAQ and Dow ending the day down slightly. Today’s snapshot:




























 
09-Mar-99
point change
% change

ISDEX
340.94
3.03
0.90%

NASDAQ
2,392.94
-4.68
-0.20%

DJIA
9,693.73
-33.88
-0.35%

  • Go2Net (NASDAQ:GNET) gets a “buy” tout from ING with a price target of $100. GNET shares gain 27% to $84.875 per share on the news. GNET was one of my picks for 1999 made back at the start of the year.
  • Lycos (NASDAQ:LCOS) board member David Wetherell resigns in protest of the proposed terms of the USA Network-Lycos merger. LCOS shares have fallen dramatically since that deal was announced, but rebounded today, up 14.75% to $96.25 per share. Before the deal was announced LCOS traded north of $120 per share.
  • 24/7 Media (NASDAQ:TFSM) rises in part on its exposure at a Web conference in San Francisco highlighting Silicon Alley firms. On a relative valuation basis I’m starting to like TFSM again vs. Doubleclick (NASDAQ:DCLK). While DCLK is the leader in my mind, 24/7 is a player to be reckon with in the ad network space.
    •
    Steve Harmon
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