Talks of rising interest rates in the U.S. have caused the market to gyrate more than the Internet dancing 3-D baby. But the disco meets Wall Street beat failed to stop a week-long drop in ISDEX, The Internet Stock Index, May 13.
Leading the week was Web-based auctioneer ONSALE (NASDAQ:ONSL) which rose on a tout from BancAmerica Robertson Stephens which put out a reiterated “buy” rating.
We think ONSL, which traded as high as $36 and change the past 52 weeks, may be the equivalent in the long-term of an electronics superstore on the Internet, sales and brand wise. It has some branding to do for sure, but being capitalized and roaring ahead helps in the race.
Meanwhile, Metricom (NASDAQ:MCOM) finds new rays of upside on the appointment of a new president and CEO. The wireless Internet services provider lets users tap into the Internet at airports and in key cities in the U.S.
High-speed cable-based Internet access provider @Home (NASDAQ:ATHM) gains 12% for the week to May 13 as it announces a mall tour to demo high-speed Internet services. And we thought only pop stars did that.
@Home also inks a deal with the nation’s 9th-largest cable operator, Century Communications, to provide services in Los Angeles and Colorado Springs–3.3 million homes passed. End of ’98 deployment is scheduled. We think @Home could rival AOL someday, maybe even surpass it due to its high-speed advantage.
Let’s see the latest stats on stocks:
ISDEX May 6 – 13
Mecklermedia’s | 13-May-98 | % change | Point change | % change | |
ISDEX ® | close | from | from | from | |
Internet Stock Index | 05-May-98 | 05-May-98 | 31-Dec-97 | ||
ISDEX Geometric Avg. | 157.24 | -4.1% | -6.65 | 57.4% | |
ISDEX Price Wtd. | 1,616.50 | -4.9% | -83.75 | 57.5% | |
NASDAQ | 1,866.18 | 0.1% | 1.27 | 18.8% | |
DJIA | 9,211.84 | 0.7% | 64.27 | 16.5% | |
Onsale | ONSL | $ 29.94 | 13% | $3.38 | 66% |
Metricom | MCOM | $ 11.38 | 12% | $1.25 | 18% |
@Home Network | ATHM | $ 40.94 | 12% | $4.31 | 63% |
WavePhore | WAVO | $ 14.63 | 10% | $1.31 | 56% |
VocalTec | VOCLF | $ 17.88 | 6% | $1.06 | -13% |
Yahoo! | YHOO | $ 124.00 | 6% | $7.25 | 79% |
Verisign | VRSN | $ 38.25 | 6% | $2.19 | 173% |
Lycos | LCOS | $ 68.44 | 6% | $3.84 | 65% |
Security Dynamics | SDTI | $ 24.75 | 6% | $1.31 | -31% |
Broadband Technologies | BBTK | $ 8.06 | 4% | $0.31 | 95% |
CheckPoint Software | CHKPF | $ 31.63 | 3% | $0.88 | -22% |
Secure Computing | SCUR | $ 11.88 | 2% | $0.19 | 1% |
IDT Corp | IDTC | $ 33.06 | 2% | $0.50 | 63% |
CNET | CNWK | $ 38.06 | 1% | $0.50 | 29% |
Infoseek | SEEK | $ 32.31 | 1% | $0.28 | 201% |
America Online | AOL | $ 90.00 | 1% | $0.50 | 99% |
PairGain | PAIR | $ 18.56 | 0% | $0.06 | -4% |
PSINet | PSIX | $ 12.88 | 0% | $0.03 | 151% |
CheckFree | CKFR | $ 24.69 | 0% | -$0.03 | -9% |
Amazon.Com | AMZN | $ 92.88 | -1% | -$0.84 | 54% |
N2K | NTKI | $ 22.25 | -1% | -$0.25 | 52% |
CMG Info | CMGI | $ 48.63 | -1% | -$0.59 | 221% |
Axent | AXNT | $ 26.06 | -2% | -$0.50 | 51% |
Security First Net Bank | SFNB | $ 10.75 | -2% | -$0.25 | 48% |
Doubleclick | DCLK | $ 40.63 | -2% | -$1.00 | 139% |
Egghead.com | EGGS | $ 9.50 | -3% | -$0.31 | 46% |
CKS Group | CKSG | $ 22.13 | -3% | -$0.75 | 57% |
Network Associates | NETA | $ 68.50 | -3% | -$2.34 | 30% |
Mindspring | MSPG | $ 60.81 | -4% | -$2.44 | 81% |
E*TRADE | EGRP | $ 23.94 | -4% | -$1.06 | 4% |
Cylink | CYLK | $ 12.63 | -5% | -$0.63 | 29% |
USWeb | USWB | $ 23.38 | -5% | -$1.31 | 149% |
Spyglass | SPYG | $ 11.13 | -5% | -$0.63 | 125% |
Intuit | INTU | $ 49.88 | -6% | -$3.00 | 21% |
Cyberguard | CYBG | $ 13.50 | -6% | -$0.81 | 140% |
Concentric | CNCX | $ 23.50 | -6% | -$1.63 | 165% |
NewsEdge | NEWZ | $ 12.50 | -7% | -$0.88 | -7% |
Excite | XCIT | $ 62.25 | -7% | -$4.50 | 108% |
Versant Object Technologies | VSNT | $ 5.50 | -7% | -$0.44 | -60% |
Open Market | OMKT | $ 16.88 | -7% | -$1.34 | 75% |
RealNetworks | RNWK | $ 28.00 | -8% | -$2.38 | 102% |
Open Text | OTEXF | $ 18.13 | -8% | -$1.63 | 36% |
Sportsline USA | SPLN | $ 33.13 | -10% | -$3.63 | 208% |
Network Solutions | NSOL | $ 43.94 | -10% | -$4.81 | 235% |
Netscape | NSCP | $ 27.13 | -10% | -$3.00 | 11% |
Earthlink Network | ELNK | $ 60.19 | -11% | -$7.81 | 134% |
Mecklermedia | MECK | $ 20.63 | -13% | -$3.00 | -17% |
CyberCash | CYCH | $ 17.75 | -15% | -$3.03 | 40% |
CDnow | CDNW | $ 23.88 | -17% | -$4.81 | 49% |
Broadvision | BVSN | $ 15.25 | -18% | -$3.38 | 135% |
TOTAL | 1,616.50 | -2% | -33.84 | 57% | |
SIMPLE AVERAGE | 32.33 | -2% | -0.68 | 57% |
And now more hot stuff from Internet World UK. Here’s a few more companies that you may want to take note of that are offering services or technologies or both that are likely to change the Webscape very soon.
