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ISDEX Weakens After Good Start

Written By
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Steve Harmon
Steve Harmon
Feb 25, 1999

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.

    • thumbnail
    Steve Harmon

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