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ISDEX Starts To Sense First Quarter Results

Written By

Mar 18, 1999

Expectations of first quarter results starts to influence shares in ISDEX and the other indices as investors ponder where the surprises will be, and whether up or down. Many expect more pleasant news coming from the high-growth Internet sector, driving up ISDEX today.

The snapshot:

	17-Mar-99	point change	% change
ISDEX	520.73	0.36	0.07%
NASDAQ	2,428.97	-10.30	-0.42%
DJIA	9,879.41	-51.06	-0.51%

CMGI (NASDAQ:CMGI) announces a 2-for-1 stock split with holders of record May 13, 1999 getting another share. CMGI shares outstanding pro forma will be 93.4 million.

RealNetworks (NASDAQ:RNWK) updates the guide side of its business with the RealGuide. I’ve always believed this is the heart of Real’s business. In fact it should be the home page but it still is not. Service wins over software. Networks outlast technology. Real seems to have the best of both worlds: software and network. RNWK shares close up 5% to $121 today.

24/7 (NASDAQ:TFSM) and NBC team up to make Internet and TV ads together in a 3-year agreement. NBC also buys a small undisclosed position in TFSM. The deal benefits 24/7 in reach on the TV platform if it can get some branding as part of this. A mixed bag is this – does NBC owning part of TFSM now take it out of the wider pool of acquisitions.

HotWatch ’99 by Steve Harmon offers a monthly insight into the hottest stocks in the Internet, his top picks for 1999. Last year’s picks by Steve gained 312%. Each month a new report, delivered to you click here for more info –

Steve Harmon

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