ISDEX & NASDAQ Show Strong Week

ISDEX shows a 89% run year to date as the first quarter of 1999 draws to an end, easily one of the best quarters ever for Internet stocks as a group. The past week posted respectable gains also. Amazon.com (NASDAQ:AMZN) led the list of ISDEX climbers since March 23 up 38% to $164.6875 per share as the etailer announced auctions for computer gear.

Meanwhile, Concentric Networks (NASDAQ:CNCX) decided on a 2-for-1 stock split that sent investors scurrying to gobble up shares in the ISP, as has been the habit with many Internet splits. CNCX rose 31% to $73.875. Let’s see the 50 ISDEX stocks and how they fared:




















































































































































































































































































































































































































































































ISDEX ®

 

30-Mar-99

% change

Point change

% change

The Internet Stock Index

 

close

from

from

from

www.isdex.com

 

 

23-Mar-99

23-Mar-99

31-Dec-98

 

 

 

 

 

or 1999 IPO

ISDEX

 

543.54

6.2%

31.75

89.6%

NASDAQ

 

2,480.29

6.8%

157.45

13.1%

DJIA

 

9,913.26

2.5%

241.43

8.0%

 

 

 

 

 

 

Amazon.Com

AMZN

$164.69

38%

$45.31

54%

Concentric

CNCX

$73.88

31%

$17.31

122%

Inktomi

INKT

$89.50

28%

$19.50

38%

Security First Technologies

SONE

$72.63

22%

$13.00

138%

America Online

AOL

$144.50

19%

$23.50

86%

Verisign

VRSN

$134.63

17%

$19.13

128%

iVillage

IVIL

$93.00

16%

$12.75

288%

CheckPoint Software

CHKPF

$42.50

14%

$5.38

-7%

PSINet

PSIX

$43.81

14%

$5.44

110%

Excite

XCIT

$139.13

14%

$17.13

231%

Exodus

EXDS

$140.19

12%

$15.44

118%

CMG Info

CMGI

$184.00

12%

$20.00

246%

GeoCities

GCTY

$111.00

12%

$12.00

230%

@Home Network

ATHM

$153.00

11%

$15.00

106%

Doubleclick

DCLK

$185.13

11%

$18.13

316%

Yahoo!

YHOO

$172.31

11%

$16.81

45%

Security Dynamics

SDTI

$17.88

10%

$1.63

-22%

Cisco

CSCO

$109.94

10%

$9.63

18%

Axent

AXNT

$32.50

7%

$2.06

6%

Infospace.com

INSP

$81.50

6%

$4.50

114%

RealNetworks

RNWK

$124.00

5%

$6.00

246%

Prodigy

PRGY

$38.94

5%

$1.81

160%

Broadcom

BRCM

$60.75

3%

$2.00

1%

E*TRADE

EGRP

$58.06

3%

$1.81

148%

VocalTec

VOCLF

$11.00

3%

$0.31

-2%

24/7 Media

TFSM

$47.56

3%

$1.31

70%

Cyberian Outpost

COOL

$19.56

3%

$0.50
-29%

Lycos

LCOS

$88.00

2%

$1.50

58%

CyberCash

CYCH

$14.94

2%

$0.25

0%

Verio

VRIO

$46.13

1%

$0.63

106%

Broadcast.com

BCST

$113.38

1%

$1.38

196%

Preview Travel

PTVL

$17.69

1%

$0.19

-4%

Open Market

OMKT

$13.13

1%

$0.13

12%

Broadvision

BVSN

$63.44

1%

$0.56

98%

USWeb

USWB

$42.31

0%

$0.19

60%

Xoom.com

XMCM

$70.13

0%

$0.13

113%

Sportsline USA

SPLN

$47.00

0%

$0.00

202%

CNET

CNET

$94.44

0%

-$0.06

267%

Mindspring

MSPG

$88.06

-1%

-$0.94

44%

Network Associates

NETA

$29.19

-2%

-$0.50

-56%

Beyond.com

BYND

$22.19

-3%

-$0.63

7%

Onsale

ONSL

$33.38

-3%

-$1.13

-17%

Infoseek

SEEK

$76.13

-4%

-$2.88

54%

Go2Net

GNET

$132.00

-5%

-$6.38

646%

CDnow

CDNW

$16.75

-5%

-$0.88

-7%

ISS Group

ISSX

$74.00

-5%

-$4.13

35%

Earthlink Network

ELNK

$60.13

-6%

-$3.75

5%

eBay

EBAY

$137.13

-6%

-$9.25

71%

Network Solutions

NSOL

$106.38

-8%

-$9.41

63%

Egghead.com

EGGS

$18.25

-10%

-$2.00

-12%

Notable new shaker is iVillage (NASDAQ:IVIL), the first women’s Web stock firm to find the firmament on Wall Street. IVIL found favor after its successful IPO last Friday as investors look for the “next big thing.” One stat that interests me is that about half of all Web users are women.

I take that as a positive data point for iVillage if it can execute on the promise. Being cashed up from its IPO helps of course and being first to cash up. Younger women’s site iTurf has filed and awaits its IPO.

AOL (NYSE:AOL) benefited from a tout and $215 target price, along with an alliance with Sun for AOL’s new Netscape software division.

We’re starting to finally see some signs of life in the long dormant and neglected security software space. CheckPoint (NASDAQ:CHKP) and Security Dynamics (NASDAQ:SDTI) both moved up double digits. Security Dynamics opened a European office that signals perhaps new growth in that region while CheckPoint’s leading firewall solution won top honors from Secure Computing Magazine.

No such luck for ISS Group (NASDAQ:ISSX) as it lingers near the bottom of the ISDEX this week. Keeping it company are Network Solutions (NASDAQ:NSOL), a recent favorite of some observers but which took a hit on comments made by a shortselling firm about its prospects.

eBay (NASDAQ:EBAY) fell on Amazon moving into the auction arena while Egghead.com (NASDAQ:EGGS) ironically was started as a “strong buy” by Prudential but ended down 10% to $18.25 per share since March 23.

Accolades :

"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


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