SHARE

ISDEX Moves Sideways As Market Pauses

Written By

Apr 30, 1999

ISDEX goes sideways losing some ground but not much today as investors start picking over stocks in a more a la carte style. Perhaps the bevy of trade jockeys that have driven up some of the shares are sitting out the latest moves after the April 19 correction wake up call. Today’s snapshot:

MarketWatch.com (NASDAQ:MKTW) agrees to acquire BigCharts, one of the Web’s largest providers of charting across many Web sites. Terms: $160 million stock. I think the move is a good one for MarketWatch, even though the price may be a little frothy. BigCharts probably could have IPOed but if the valuation here is correct the deal makes sense for both parties. There are only a few sites in this space worth acquiring and BigCharts was one.

Amazon.com (NASDAQ:AMZN) loses 13% to $168.25 per share after the Street focuses on its continued losses for the book, video and music seller’s latest quarter. Add to that Priceline.com (NASDAQ:PCLN) and eBay (NASDAQ:EBAY) and there’s beginning to be some real choice at the top in the etail/ecustomer game. I believe Priceline and eBay’s models are more Web centric in that each empowers the user to influence pricing. Of course, Amazon just added auctions.

RealNetworks (NASDAQ:RNWK) is up 16% to $215 per share on news it plans a big announcement Monday with several partners. No details yet.

Marimba prices its IPO at $20, up from the last bump which topped out at $18. Set to start trading Friday. The one thing I like now about Marimba is it seems to be beyond the initial hype surrounding “push” (which thankfully died) and posted revenue last year to the tune of $17 million.

ALL NEW! internet.com’s HotWatch a monthly e-mail subscription for $99,
featuring Internet Stock Report’s Steve Harmon, and his top 10 noteworthy
Internet stocks for the month. Each month you will receive in-depth
analysis on the top 10 Internet stocks to watch with the information you need to assess
the fast-paced nature of Internet stocks. Staying on top of market changes in the
Internet Stock market is what counts. For $99 per year, you receive 12 timely
issues sent to you by e-mail. Don’t wait, our next issue will be out before
you know it with a whole new perspective on the market.
Sign up today at: e-newsletters

ISDEX Moves Sideways As Market Pauses

Steve Harmon

Recommended for you...

Company

Categories