Some pop and some drop as investors move with a little more caution into the Internet sector following a recent rally this week. The current ISDEX value is 595.41 with a change of+2.72 (+0.46%).
Concentric Networks (NASDAQ:CNCX) gets an award from CMP Media helping to fuel a rise in shares today, up 12.9% to $91 3/8 per share.
Lycos (NASDAQ:LCOS), Ticketmaster/CitySearch (NASDAQ:TMCS) and USA Networks (NASDAQ:USAI) make it formal: deal’s off. CMGI (NASDAQ:CMGI) announces its pleased now that Lycos can focus on growing value.
Intel (NASDAQ:INTC) sells 425,000 shares of USWeb (NASDAQ:USWB) the chip maker held, valued at about $9.8 million. While the market reacts unfavorably to USWB shares today, down slightly at -1.66% to $25 7/8 per share.
CDNow (NASDAQ:CDNW) shares to the tune of $15 million are acquired by Mexican financier Grupo Carso SA de CV. The group is a majority owner of Prodigy (NASDAQ:PRGY) although says it plans nothing between the two. The stake represents 5.3% of CDNW.
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