Profit takers jump in today after yesterday’s strong run for ISDEX, as NASDAQ also suffers a downturn.
The Dow Jones Industrial Average is the only one riding up after today’s session. The snapshot:
|
11-Mar-99 |
point change |
% change |
ISDEX |
484.55 |
-3.69 |
-0.76% |
NASDAQ |
2,407.70 |
1.69 |
0.07% |
DJIA |
9,894.95 |
122.11 |
1.25% |
AOL (NYSE:AOL) continues to find ways around the cable Internet wire jam by cutting deals with telcos for high-speed DSL. AOL and SBC (NYSE:SBC) plan on offering DSL in seven states this year for an extra $20 a month over existing AOL charges. With its other DSL deals, AOL will offer high-speed in 21 states, possibly reaching 70 to 75% of its 16 million members.
Infospace.com (NASDAQ:INSP), which had a phenomenal run yesterday with a 20-plus point gain, drops 11% today as the content and commerce wholesaler files a follow-on 2.8 million offering. I see the cash it could raise as necessary for the hypergrowth in the segment. Dilution of shares will happen, but the net gain could be on the plus side as scale turns into top and bottom line over time.
WebMD, which has filed to go public, cuts a $52 million deal with Lycos (NASDAQ:LCOS) to put its content on Lycos network properties over the next three years.
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