Investors flock back into Internet stocks, sending ISDEX up 5% while the broader market also rises to the occasion. OneMain (NASDAQ:ONEM) sells 8.5 million shares at $22, opens at $38, hits $46.75 high and closes at $39.5625. The rural ISP serves 273,000 subscribers. Today’s snapshot:
3/25/99 | % change | point change | |
|---|---|---|---|
ISDEX | 539.89 | 5.7% | 29.28 |
NASDAQ | 2,434.89 | 2.9% | 69.61 |
DJIA | 9,836.39 | 1.8% | 169.55 |
- eBay (NASDAQ:EBAY) inks a deal with AOL to expand its personal auctions on the online service. The deal sends EBAY shares up 9% to $159.375. eBay will pay AOL $75 million for a four-year agreement. AOL also gets promotion on eBay as its preferred online service.
- Inktomi (NASDAQ:INKT) inks deals with 8 new customers for its wholesale search services. BellSouth, chello broadband n.v., ComBus, Global DataTel, GoProfit, StarMedia Network, ThundaTech, and 4anything.com. Inktomi serves 25 sites.