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.
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