SHARE
Facebook X Pinterest WhatsApp

NASDAQ Finds Legs, I Find Value Emerging

Written By
thumbnail
Steve Harmon
Steve Harmon
Jun 9, 1999

These to me are actually the best kinds of markets because value appears everywhere. Unlike when the entire sector of Internet stocks rides euphoria, adrenaline or caffeine then value runs and hides. But when the market sorts and shakes as it does now then I (for one anyway) find it a refreshing chance to look for value.

See Morning Report for more. The market snapshot today:

  • Inktomi (NASDAQ:INKT) inks a deal with Germany’s MobilCom AG to supply the leading telecom firm search, shopping engines, as well as network cache software. INKT is one of those firms I think shows some value in its ability to sell its software to all comers from AOL to Yahoo. Software infrastructure plays may be getting hotter. There are only a few, including BackWeb (NASDAQ:BWEB), Marimba (NASDAQ:MRBA).
  • Yahoo (NASDAQ:YHOO) teams up with Fox in Latin America for cross marketing. Another move the two have made together. I still think StarMedia (NASDAQ:STRM) has a lead in the continent. A good win for Yahoo, though, in my view.
  • MP3.com (IPO pending) receives a $45 million investment from Cox Interactive for 10% of the firm. At that rate it values the digital music company at 7x what I believe MP3.com was valued at in January when Sequoia Capital and idealab invested in it. Cox and MP3.com plan on producing joint venture music sites.

    Cox has holdings in cable, newspapers, broadcast and Web. Is Cox the right fit for MP3.com? In many ways yes. Viacom would have perhaps made a better buyer, I see a natural fit between MTV and MP3.com. Of course there’s nothing stopping MTV.com from going for digital music downloads.

  • Recommended for you...

    U.S. Needs to Protect Tech Leadership: Qualcomm
    Rob Enderle
    Apr 8, 2022
    HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem
    Rob Enderle
    Mar 5, 2022
    Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.
    Rob Enderle
    Dec 17, 2021
    HP Builds an Advanced Cloud Workstation for the Metaverse
    Rob Enderle
    Nov 13, 2021
    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. © 2025 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.