internet.com’s ISDEX continues its rebound, adding 27.37 points or 4.36% today as the brand leaders start posting better-than-expected results and some thought dead revived on deals.
The snapshot:
VocalTec (NASDAQ:VOCL) jumps 24% to $12 11/16 per share as the IP telephony pioneer inks a deal with Chinese telecom giant China Telecom for a 14-city trial using Internet-based telephony. VocalTec’s call center and software allows users to dial and speak using packet-switching technologies that allow for cost savings vs. dedicated line calls. In a nation as large as China with 1.2 billion people, being able to more effectively manage the network for voice could be a boon for VocalTec, whose shares in late 1997 traded north of $30.
Infospace.com (NASDAQ:INSP) announces plans to launch a desktop portal concept that keeps a window open between a Web site (such as AOL and the user no matter where the user is on the Web). The preview was shown at Hambrecht & Quist’s tech conference. Sends INSP shares up 15% to $134 7/8.
Excite (NASDAQ:XCIT) shares finally close the arbitrage gap between @Home (NASDAQ:ATHM) which gets government anti-trust approval for the merger. In this report it’s been mentioned that as much as 10% to 15% gap in favor of XCIT buying existed until now. I think Excite-@Home now need community big time.
