ISDEX Up 68.5% Year To Date

Adjusted for stock splits the ISDEX was up 68.5% this year to March 9 as investors discovered a basktetful of goodies in the leading Internet stock index. Notably, four of the top 10 so far were ones I picked January 6 as ones to watch. Of all ISDEX component stocks and picks, Go2Net (NASDAQ:GNET) led the pack with 380% gains.

Close on its heels was CNET (NASDAQ:CNET) which has made moves to try and be the geek’s portal, leveraging its technocentric self into something bigger and better. It helps that CNET holds a few points in Vignette (NASDAQ:VIGN), BuyDirect (acquired by Beyond.com) and SNAP!, the NBC-buy in guide in the making. Regrettably I didn;t pick CNET for ’99.

Third on the year to date is CMGI (NASDAQ:CMGI), which was the #1 pick I made for 1999.

Let’s take a look at the tally by company since December 31, 1998 (ISDEX adjusted for splits since then):



















































































































































































































































































































































































































































































ISDEX ®

 

09-Mar-99

% change

Point change

% change

The Internet Stock Index

 

close

from

from

from

www.isdex.com

 

 

02-Mar-99

02-Mar-99

31-Dec-98

 

 

 

 

 

 

ISDEX

 

483.15

11.2%

48.47

68.5%

NASDAQ

 

2,392.94

5.9%

133.91

9.1%

DJIA

 

9,693.73

4.3%

396.12

5.6%

 

 

 

 

 

 

Go2Net

GNET

$84.88

37%

$22.75

380%

CNET

CNET

$111.19

81%

$49.81

332%

CMG Info

CMGI

$194.44

38%

$53.44

265%

Sportsline USA

SPLN

$50.38

0%

-$0.13

224%

GeoCities

GCTY

$108.38

11%

$11.00

222%

Excite

XCIT

$113.25

4%

$4.69

169%

RealNetworks

RNWK

$92.13

11%

$9.00

157%

Doubleclick

DCLK

$109.25

21%

$18.75

146%

Broadcast.com

BCST

$90.00

0%

$0.00

135%

Security First Technologies

SONE

$67.25

-4%

-$2.88

120%

E*TRADE

EGRP

$49.56

4%

$1.88

112%

Verisign

VRSN

$123.81

30%

$28.38

109%

eBay

EBAY

$166.25

42%

$49.19

107%

Xoom.com

XMCM

$60.25

14%

$7.38

83%

Concentric

CNCX

$60.00

32%

$14.56

80%

Lycos

LCOS

$96.25

6%

$5.50

73%

Infospace.com

INSP

$64.50

11%

$6.63

69%

PSINet

PSIX

$35.13

-5%

-$2.00

68%

@Home Network

ATHM

$122.50

6%

$6.94

65%

Verio

VRIO

$36.56

18%

$5.56

63%

Broadvision

BVSN

$52.00

-6%

-$3.06

63%

Network Solutions

NSOL

$204.94

21%

$35.94

57%

Infoseek

SEEK

$75.31

12%

$8.00

53%

Exodus

EXDS

$98.00

23%

$18.00

53%

Mindspring

MSPG

$91.63

7%

$5.75

50%

USWeb

USWB

$38.69

5%

$1.69

47%

Yahoo!

YHOO

$167.31

9%

$14.13

41%

ISS Group

ISSX

$76.75

31%

$18.31

40%

Netscape

NSCP

$79.50

5%

$4.00

31%

Preview Travel

PTVL

$23.00

8%

$1.69

25%

Amazon.Com

AMZN

$129.94

7%

$8.63

21%

America Online

AOL

$90.13

4%

$3.44

16%

Earthlink Network

ELNK

$65.25

5%

$3.25

14%

Inktomi

INKT

$73.88

20%

$12.13

14%

Axent

AXNT

$34.88

-4%

-$1.38

14%

Cisco

CSCO

$105.31

10%

$9.63

13%

Beyond.com

BYND

$23.50

-10%

-$2.63

13%

Open Market

OMKT

$12.13

-4%

-$0.50

4%

Broadcom

BRCM

$62.00

8%

$4.56

3%

Onsale

ONSL

$40.00

17%

$5.94

0%

N2K

NTKI

$13.00

3%

$0.38

0%

VocalTec

VOCLF
$11.06
-10%

-$1.19

-2%

24/7 Media

TFSM

$27.38

7%

$1.69

-2%

CheckPoint Software

CHKPF

$41.13

12%

$4.44

-10%

CDnow

CDNW

$16.00

0%

$0.00

-11%

CyberCash

CYCH

$12.06

-6%

-$0.75

-20%

Security Dynamics

SDTI

$17.81

6%

$0.94

-23%

Network Associates

NETA

$48.19

7%

$3.31

-27%

Egghead.com

EGGS

$15.00

-4%

-$0.69

-28%

Cyberian Outpost

COOL

$18.69

16%

$2.56

-32%

Some news behind the moves, the play-by-play:

  • 99.03.09 – Go2Net (NASDAQ:GNET) gets a “buy” tout from ING with a price target of $100. GNET shares gain 27% to $84.875 per share on the news. GNET was one of my picks for 1999 made back at the start of the year.
  • 99.03.08 – Broadcom (NASDAQ:BRCM), which has taken a beating the past few weeks, rallies today on buy recommendations from several investment houses. We dropped it from our ’99 list, but also think it could represent a great target for any large firm serious about networking. I’ve already mentioned IBM, Cisco, Motorola look like natural buyers. Even without, Broadcom holds the marketshare leader position in cable and DSL chips.
  • 99.03.05 – Infospace.com (NASDAQ:INSP) launches InfospaceCanada.com to expand its operations into the Great White North. Company sees a 6-plus-million Web user market in Canada.
  • 99.03.04 – Verio (NASDAQ:VRIO) inks a deal with AOL (NYSE:AOL) for business hosting. Verio agrees to pay AOL more than $40 million to jumpstart the arrangement for a piece of the action down the road, via revenue sharing. AOL has its PrimeHost service, but Verio is in the business with more focus. This is one reason we suspect why the deal was done. It also speaks to AOL’s potential plans for CompuServe and more importantly, Netscape, one of the few business Web sites with critical mass.
  • 99.03.03 – 24/7 Media (NASDAQ:TFSM) posts strong fourth quarter ending December 31 revenue of $9.6 million, 75% better than the previous quarter. Net loss is $6.7 million, wider than expected. Full-year revenue reaches $19.9 million, up 542% vs. 1997. Loss for the year is $24.7 million vs. $5.3 million loss in 1997.
  • 99.03.03 – @Home (NASDAQ:ATHM) gets an initial “buy” rating from CS First Boston. The firm is just discovering ATHM? I’ve been a fan since 1996. That accounts for several hundred percentage points gain in ATHM that CS First Boston clients have missed out on by not following our free analysis.

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