Giant slalom at 70 MPH and triple spins on hard ice are moves de jour at
Nagano, where the world’s greatest athletes twist and turn for glory.
Of course, anyone familiar with the hot and cold nature of investor sentiment
when it comes to the lineup of Internet stocks knows that there’s equally a
run for the gold on Wall Street. So far ahead of the pack this year: ISDEX,
up 18.9% vs. the best Nasdaq Composite could do at 8.8%. The bronze medal
goes to
the Dow Industrials.
Here’s our latest tally:
The Contenders
ISDEX ® | Ticker | 10-Feb-98 | % change | Point change | % change |
Internet Stock Index | symbol | close | from | from | from |
03-Feb-98 | 03-Feb-98 | 31-Dec-97 | |||
ISDEX Geometric Average | 118.78 | 5.3% | 5.95 | 18.9% | |
ISDEX Price Wtd. Composite | 929.22 | 3.0% | 27.06 | 15.7% | |
NASDAQ | 1,709.04 | 2.6% | 42.70 | 8.8% | |
DJIA | 8,295.61 | 1.7% | 135.26 | 4.9% | |
Open Market | OMKT | $ 13.88 | 36% | $3.69 | 44% |
Concentric | CNCX | $ 14.00 | 29% | $3.19 | 58% |
CyberCash | CYCH | $ 13.13 | 25% | $2.63 | 3% |
Mindspring | MSPG | $ 48.25 | 25% | $9.50 | 43% |
Earthlink Network | ELNK | $ 38.63 | 17% | $5.63 | 50% |
N2K | NTKI | $ 24.63 | 17% | $3.50 | 68% |
Netscape | NSCP | $ 21.00 | 15% | $2.81 | -14% |
PSINet | PSIX | $ 8.31 | 11% | $0.81 | 62% |
America Online | AOL | $ 109.00 | 9% | $9.25 | 20% |
Network Solutions | NSOL | $ 19.75 | 9% | $1.63 | 50% |
E*TRADE | EGRP | $ 26.75 | 8% | $2.00 | 16% |
CKS Group | CKSG | $ 18.38 | 8% | $1.31 | 30% |
CMG Info | CMGI | $ 39.50 | 7% | $2.75 | 31% |
@Home Network | ATHM | $ 26.13 | 7% | $1.75 | 4% |
Security First Net Bank | SFNB | $ 10.25 | 6% | $0.63 | 41% |
CheckPoint Software | CHKPF | $ 38.31 | 6% | $2.19 | -6% |
RealNetworks | RNWK | $ 15.88 | 6% | $0.88 | 14% |
Trusted Information Systems | TISX | $ 10.50 | 6% | $0.56 | 5% |
USWeb | USWB | $ 14.38 | 6% | $0.75 | 53% |
Versant Object Technologies | VSNT | $ 8.38 | 3% | $0.25 | -39% |
Amazon.Com | AMZN | $ 63.63 | 3% | $1.81 | 6% |
Mecklermedia | MECK | $ 27.00 | 2% | $0.63 | 9% |
Infoseek | SEEK | $ 12.13 | 2% | $0.19 | 13% |
Lycos | LCOS | $ 41.38 | 1% | $0.38 | 0% |
Open Text | OTEXF | $ 12.00 | 0% | $0.00 | -10% |
Yahoo! | YHOO | $ 64.63 | 0% | -$0.22 | -7% |
Security Dynamics | SDTI | $ 34.63 | -3% | -$0.94 | -3% |
Spyglass | SPYG | $ 5.53 | -5% | -$0.28 | 12% |
Onsale | ONSL | $ 25.63 | -5% | -$1.31 | 42% |
VocalTec | VOCLF | $ 18.88 | -6% | -$1.13 | -8% |
CNET | CNWK | $ 29.63 | -10% | -$3.25 | 0% |
Forefront | FFGI | $ 9.81 | -10% | -$1.13 | 26% |
Excite | XCIT | $ 44.00 | -11% | -$5.19 | 47% |
Sportsline USA | SPLN | $ 21.38 | -12% | -$3.00 | 99% |
Raptor | RAPT | merged w/ AXNT | NA | NA | NA |
TOTAL | 929.22 | 4.8% | 42.25 | 15.7% | |
SIMPLE AVERAGE | 27.33 | 4.8% | 1.24 | 15.7% |
February 10: AOL (NYSE:AOL) reports net income of $20.8 million, or $0.17 per
share on a diluted basis for its fiscal 1998 second quarter ended December 31,
1997. Revenues jump 45% vs. the same quarter last year to a record $592
million. These results compare to a net loss of $129.1 million or $1.37 per
share on revenues of $409.4 million in last year’s corresponding quarter.
Notably, ads, commerce, and “other” revenue is up 87% to $108.8 million.
Access price increase to $21.95/month for unlimited use, up from $19.95, and
the promotion of Bob Pittman to president and COO, moves AOL shares up to a
record high February 9.
Japan’s
Sumitomo to pursue Internet opportunities in Japan. CMG’s @venture division
holds investments in many Internet firms including Lycos (NASDAQ:LCOS) and
GeoCities. On a related note, Intel and Microsoft own just under 5% of CMGI
shares each.
convertible preferred stock and options to two private equity funds. The
Internet commerce firm may raise another $15 million if certain conditions
are satisfied. We would think those conditions may be a certain revenue
level. So far the idea of digital payment systems have not been as large as
many had expected when CyberCash began in 1994.
talk with
an announcement that 3,000 Original Equipment Manufacturers (OEMs),
Internet Service Providers (ISPs), software developers, Web content
providers, and others have committed to distribute more than 36 million
copies of Netscape browsers. On takeout price we estimate NSCP could fetch
$3 billion in whole, or its Web site NetCenter perhaps $400 million to $500
million. The usual suspects for all or part of Mozilla: IBM, Sun, AOL.
concern MatchLogic, which through its five U.S. and European data centers
served 2,500 sites and 500 million ad impressions December 1997. The deal
announced January 15 was valued at 3.2 million shares of XCIT, then $89
million. On February 4, the deal value hit $154 million. MatchLogic posted $4
million sales last year.