ISDEX Weakens After Good Start | Internet News

ISDEX Weakens After Good Start

Written By
Steve Harmon
Steve Harmon
Feb 25, 1999
1 minute read

After a brief sprint out the gate as trading began, ISDEX lost its legs as
the overall market got weak knees. ISDEX closes at 299.51, off 3%. Today’s
snapshot:




























 

24-Feb-99

point change

% change

ISDEX

299.51

-9.61

-3.11%

NASDAQ

2,339.38

-36.97

-1.56%

DJIA

9,399.67

-144.75

-1.52%

  • Amazon.com (NASDAQ:AMZN) acquires a minority stake in
    Drugstore.com. Amazon.com holds 46% of Drugstore.com’s outstanding shares
    as of December 31, 1998. Other investors include Kleiner Perkins (which
    also backed Amazon), Maveron, LLC and Liberty Media.
  • Privately-held CommonPlaces, LLC, raises $6 million ramp up its
    “collegiate” community hub concept. It expects to launch in summer, 1999.
    Commonplaces is 50% owned by Network Event Theater (NASDAQ:NETS). There are
    a few college hubs already in existence, so the battle has begun before
    CommonPlaces has even put its gear on.
  • Open Market (NASDAQ:OMKT) and Vignette (NASDAQ:VIGN) team up to
    integrate their leading products to offer Internet marketing management.
    Vignette makes the popular StoryServer, which lets publishers on the Web
    manage data, while Open Market makes the popular Transact commerce
    software. We see this as a good fit that enables the melding of content and
    commerce offerings.
  • iVillage sets its IPO pricing between $12 to $14 per share with the
    goal of 3.65 million shares offered. We think iVillage could generate $20
    million to $25 million revenue this year and therefore target its offer at
    between 12x and 15x this year’s revenue. iVillage focuses on providing news
    and info to women.
  • 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.

    Property of TechnologyAdvice. © 2026 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.