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ISDEX Gains Slight Past Week But YTD Up 78 Percent

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Mar 24, 1999

ISDEX dropped 1.4% the past week but compare that against a year to date 79% run for ISDEX. This leading barometer of Internet stocks just added Prodigy (NASDAQ:PRGY) to replace the merged N2K, which joined CDnow (NASDAQ:CDNW) in a game of musical chairs. The duet will focus on music downloads. A little late to that party with MP3 ruling the Web.

24/7 (NASDAQ:TFSM) led ISDEX gainers with 65% pop since March 16 thanks to a deal it inked with NBC to create Web ads for NBC’s owned stations in major U.S. markets and up to 100 affiliates. NBC also buys a stake in TFSM, undisclosed.

Let’s go to the overall ISDEX numbers:

ISDEX ®		23-Mar-99	% change	Point change	% change
The Internet Stock Index		close	from	from	from
www.isdex.com			16-Mar-99	16-Mar-99	31-Dec-98
					or 1999 IPO
ISDEX		511.79	-1.4%	-7.07	78.5%
NASDAQ		2,322.84	-4.8%	-116.43	5.9%
DJIA		9,671.83	-2.6%	-258.64	5.3%

24/7 Media	TFSM	$46.25	65%	$18.25	65%
Egghead.com	EGGS	$20.25	29%	$4.50	-3%
Doubleclick	DCLK	$167.00	28%	$36.50	275%
Broadcast.com	BCST	$112.00	24%	$21.50	193%
@Home Network	ATHM	$138.00	15%	$18.50	86%
America Online	AOL	$121.00	15%	$16.06	56%
Excite	XCIT	$122.00	14%	$15.00	190%
Go2Net	GNET	$138.38	10%	$12.38	682%
Xoom.com	XMCM	$70.00	10%	$6.25	112%
Exodus	EXDS	$124.75	7%	$8.50	94%
Netscape	NSCP	$97.63	4%	$3.56	61%
Broadvision	BVSN	$62.88	3%	$1.88	96%
RealNetworks	RNWK	$118.00	3%	$3.00	229%
USWeb	USWB	$42.13	0%	$0.06	60%
Infospace.com	INSP	$77.00	0%	$0.00	102%
CDnow	CDNW	$17.63	-1%	-$0.19	-2%
E*TRADE	EGRP	$56.25	-1%	-$0.63	140%
Security Dynamics	SDTI	$16.25	-2%	-$0.25	-29%
Infoseek	SEEK	$79.00	-2%	-$1.88	60%
CNET	CNET	$94.50	-3%	-$2.44	267%
Prodigy	PRGY	$37.13	-4%	-$1.38	148%
Concentric	CNCX	$56.56	-4%	-$2.13	70%
Open Market	OMKT	$13.00	-4%	-$0.56	11%
VocalTec	VOCLF	$10.69	-5%	-$0.56	-5%
Cisco	CSCO	$100.31	-5%	-$5.69	8%
PSINet	PSIX	$38.38	-6%	-$2.38	84%
Beyond.com	BYND	$22.81	-6%	-$1.56	10%
Verio	VRIO	$45.50	-7%	-$3.19	103%
ISS Group	ISSX	$78.13	-7%	-$6.00	42%
Verisign	VRSN	$115.50	-7%	-$9.00	95%
eBay	EBAY	$146.38	-7%	-$11.44	82%
Inktomi	INKT	$70.00	-7%	-$5.50	8%
Broadcom	BRCM	$58.75	-7%	-$4.63	-3%
CyberCash	CYCH	$14.69	-8%	-$1.31	-2%
CMG Info	CMGI	$164.00	-9%	-$16.75	208%
Axent	AXNT	$30.44	-9%	-$3.19	0%
Mindspring	MSPG	$89.00	-10%	-$9.44	46%
Amazon.Com	AMZN	$119.38	-11%	-$14.44	11%
Cyberian Outpost	COOL	$19.06	-11%	-$2.31	-31%
Yahoo!	YHOO	$155.50	-11%	-$19.38	31%
Network Solutions	NSOL	$231.56	-12%	-$30.44	77%
GeoCities	GCTY	$99.00	-12%	-$13.38	194%
Onsale	ONSL	$34.50	-12%	-$4.88	-14%
Earthlink Network	ELNK	$63.88	-13%	-$9.41	12%
Security First Technologies	SONE	$59.63	-13%	-$8.88	95%
CheckPoint Software	CHKPF	$37.13	-14%	-$5.94	-19%
Sportsline USA	SPLN	$47.00	-16%	-$9.00	202%
Lycos	LCOS	$86.50	-18%	-$19.00	56%
Preview Travel	PTVL	$17.50	-23%	-$5.13	-5%
Network Associates	NETA	$29.69	-30%	-$12.50	-55%

News behind the moves:

99.03.23 – CNET (NASDAQ:CNET) acquires KillerAp, a shopping search engine, for $46.6 million stock. The buy adds to CNET’s previous acquisitions aimed at beefing up its commerce services including an auction and shopping site.

99.03.22 – Broadcast.com (NASDAQ:BCST) stock soars 37% to $116.50 per share as rumors that Yahoo (NASDAQ:YHOO) may acquire the multimedia portal surface. I think a deal with wither Yahoo or another large first-generation portal looks like a natural fit. One reason I put BCST on my watch list in March.

99.03.22 – audiohighway.com (NASDAQ:AHWY) inks a deal with Microsoft to provide audio content links to Microsoft’s new Web events area, sending AHWY shares up 17% to $12.75 per share on the news.

99.03.19 – Sportsline (NASDAQ:SPLN) looks like it’s cashing up for battles ahead with a $150 million worth of 5% convertible subordinated notes due April 1, 2006. The notes convert to SPLN common at $65.125.

99.03.18 – CMGI (NASDAQ:CMGI) announces a 2-for-1 stock split with holders of record May 13, 1999 getting another share. CMGI shares outstanding pro forma will be 93.4 million.

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Accolades for Internet Stock Report:

"Fresh and provocative" -CBS
Marketwatch, who named
Steve Harmon one of the top Internet stock analysts and only independent
one honored

"I am a huge fan of Steve Harmon’s analysis"
-Kleiner Perkins’ John Doerr

ISDEX Gains Slight Past Week But YTD Up 78 Percent

Steve Harmon

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