IT Management
SHARE
Facebook X Pinterest WhatsApp

ISDEX Rides Market Moods Down Then Up

Written By
thumbnail
Steve Harmon
Steve Harmon
May 6, 1999

The wild mood swings today in the market first saw the ISDEX drop to the five and teens before gaining steam in a late-trading rally that pushes the bellwether index up 4% to 571.78.

It helps that the overall market rebounds slightly as the past few day’s of techno-phobia especially abate.

I think we could see continued optimism fueling these stocks on relative valuation basis primarily, given the recent string of selloffs that pushed values down to recent lows for some of the market leaders including AOL (NYSE:AOL), Yahoo (NASDAQ:YHOO), eBay (NASDAQ:EBAY) and Amazon (NASDAQ:AMZN).

  • CDNow (NASDAQ:CDNW) reports record first quarter ending March 31, up 122% to $36.3 Million on a pro forma merger basis (with N2K). Pro forma net loss is $1.28 per share. The music etailer boasts 2 million customers. Repeat customers are 60% of 1Q99 revenue, vs. 51% 1Q98.
  • NorthPoint (NASDAQ:NPNT), a DSL provider, sells 15 million shares at $24 in its IPO today. Underwriter is Goldman Sachs. Proceeds to go for expanding its presence nationwide in the U.S. NPNT closes at $40.25 and traded between $30 and $43 1/16 today.

    While not the huge triple digit runs of some Internet IPOs, this looks like a healthier aftermarket in my view.

    Introducing Internet StockTracker, the new weekly e-mail newsletter from
    internet.com LLC. Every Friday internet.com will deliver to your e-mail
    in-box the latest performance data on individual Internet companies and
    their competitors. Internet StockTracker will deliver to you all the
    statistics you need to assess the week’s activity.
    Subscribe today and receive the Charter Rate of $127 — a savings of
    $100 off the regular subscription price!
    e-newsletters

    • thumbnail
    Steve Harmon

    Recommended for you...

    thumbnail
    U.S. Needs to Protect Tech Leadership: Qualcomm
    Enterprise
    U.S. Needs to Protect Tech Leadership: Qualcomm
    Rob Enderle
    Apr 8, 2022
    thumbnail
    HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem
    IT Management
    HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem
    Rob Enderle
    Mar 5, 2022
    thumbnail
    Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.
    IT Management
    Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.
    Rob Enderle
    Dec 17, 2021
    thumbnail
    HP Builds an Advanced Cloud Workstation for the Metaverse
    Enterprise
    HP Builds an Advanced Cloud Workstation for the Metaverse
    Rob Enderle
    Nov 13, 2021
    Internet News Logo

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    facebook
    x

    Company

    Contact us Advertise with us

    Categories

    News Enterprise Small Business Reviews Podcasts Blog Research

    Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

    Terms of Service Privacy Policy California - Do Not Sell My Information