SportsLine Leads Week’s Gainers

Fascinating how soon a Dow 11,000 starts to become taken for granted. The blue chip appeal seen in the industrial sector the past few weeks seems to have waned as Internet and technology stocks rallied to gains since May 5.

For the year the Dow was up neck in neck in the neighborhood of 19% with the NASDAQ. Internet stocks, as measured by ISDEX, showed a 108% gain since 12/31/98.

For the past week ISDEX rose 4.1% while NASDAQ popped 2.8%. On a closer look leading the Internet pack was SportsLine (NASDAQ:SPLN), up 20% to $42.625 per share as the Web-based sports site announced expansion plans into Europe. SPLN agreed to acquire Euro-based sports site from Reuters. SportsLine owns 80% of the new site, with Intel and MediaOne owning minority positions.

Broadcom (NASDAQ:BRCM) shares jump 20% also to $96.625 as the leading broadband chipmaker debuts a new networking chip that allows data transfer of 1 gigabit per second, 10x the existing fastest rates.

Xoom.com (NASDAQ:XMCM) pops 18% to $79 on a takeover merger with NBC and Snap! to create a full-service Internet guide and direct commerce community service that will offer Internet and TV users a one-stop Web shop. The agreement echoes that of Yahoo-GeoCities, Disney-Infoseek, which combined broad reach with community.

Now that still leaves [email protected] without a real community play. Who’s next? theglobe.com (NASDAQ:TGLO) or FortuneCity? Lycos?

Let’s go to the list:




















































































































































































































































































































































































































































































ISDEX ®

 

13-May-99

% change

Point change

% change

The Internet Stock Index

 

close

from

from

from

www.isdex.com

 

 

27-Apr-99

27-Apr-99

31-Dec-98

 

 

 

 

 

or 1999 IPO

ISDEX

 

595.41

4.1%

23.63

107.7%

NASDAQ

 

2,606.54

2.8%

72.09

18.9%

DJIA

 

11,000.37

0.4%

44.96

19.8%

 

 

 

 

 

 

Sportsline USA

SPLN

$ 42.63

20%

$7.13

174%

Broadcom

BRCM

$ 96.63

20%

$16.13

60%

Xoom.com

XMCM

$ 79.00

18%

$12.16

139%

Concentric

CNCX

$ 91.38

16%

$12.38

175%

Inktomi

INKT

$ 122.00

16%

$16.38

89%

Axent

AXNT

$ 10.38

14%

$1.31

-66%

Network Associates

NETA

$ 13.94

14%

$1.69

-79%

Lycos

LCOS

$ 107.00

13%

$12.44

93%

CyberCash

CYCH

$ 16.63

12%

$1.75

11%

CDnow

CDNW

$ 20.44

11%

$2.06

14%

CheckPoint Software

CHKPF

$ 41.00

11%

$4.00

-11%

Verisign

VRSN

$ 120.75

9%

$10.38

104%

Security Dynamics

SDTI

$ 21.75

9%

$1.81

-5%

ISS Group

ISSX

$ 60.50

8%

$4.50

10%

VocalTec

VOCLF

$ 11.25

7%

$0.75

0%

Verio

VRIO

$ 71.94

7%

$4.75

222%

Cisco

CSCO

$ 118.75

7%

$7.78

28%

America Online

AOL

$ 138.44

7%

$8.69

78%

Exodus

EXDS

$ 89.94

7%

$5.56

180%

Broadcast.com

BCST

$ 125.50

7%

$7.75

228%

24/7 Media

TFSM

$ 45.00

7%

$2.75

61%

eBay

EBAY

$ 198.75

6%

$11.94

147%

CNET

CNET

$ 126.00

6%

$7.00

389%

Network Solutions

NSOL

$ 72.13

6%

$3.94

10%

Yahoo!

YHOO

$ 169.94

5%

$8.63

43%

Infospace.com

INSP

$ 60.50

5%

$3.00

217%

GeoCities

GCTY

$ 113.38

5%

$5.38

237%

PSINet

PSIX

$ 52.38

4%

$1.88

151%

Security First Technologies

SONE

$ 52.75

4%

$1.84

246%

USWeb

USWB

$ 25.88

3%

$0.75

-2%

@Home Network

ATHM

$ 158.19

2%

$3.25

113%

Excite

XCIT

$ 162.50

2%

$2.75

286%

Preview Travel

PTVL

$ 23.75

1%

$0.25

29%

E*TRADE

EGRP

$ 112.25

0%

$0.25

380%

Doubleclick

DCLK

$ 125.19

0%

$0.19

463%

Onsale

ONSL

$ 24.44

0%

$0.00

-39%

Prodigy

PRGY

$ 26.19

-1%

-$0.31

75%

CMG Info

CMGI

$ 239.75

-2%

-$5.50

350%

Amazon.Com

AMZN

$ 142.94

-2%

-$3.56

33%

iVillage

IVIL

$ 68.38

-3%

-$2.38

185%

Earthlink Network

ELNK

$ 63.25

-4%

-$2.38

11%

Open Market

OMKT

$ 12.75

-4%

-$0.50

9%

Beyond.com

BYND

$ 24.88

-4%

-$1.00

20%

Cyberian Outpost

COOL

$ 13.06

-5%

-$0.63

-53%

Mindspring

MSPG

$ 89.50

-5%

-$4.88

47%

Infoseek

SEEK

$ 51.88

-6%

-$3.25

5%

Broadvision

BVSN

$ 50.75

-6%

-$3.31

59%

Go2Net

GNET

$ 133.69

-7%

-$10.81

656%

Egghead.com

EGGS

$ 13.56

-8%

-$1.13

-35%

RealNetworks

RNWK

$ 94.50

-8%

-$8.38

427%

On the loser side since May 5 RealNetworks (NASDAQ:RNWK) dropped 8% to $94.50 on concerns that Microsoft and Sony were starting a rival music downloading service using technology from Microsoft. Despite the move I think that Real has an enviable position in its installed base and support for both RealAudio and MP3 formats, both of which are more popular than Microsoft’s.

Egghead.com (NASDAQ:EGGS) can’t seem to get a jumpstart with investors despite doing a respectable switch to being 100% Web-based. At just over 3x annualized sales even though I think the etail sector is crowded EGGS posted $42 million revenue for the 14 weeks ended April 3.

Infoseek (NASDAQ:SEEK) at $51.875 per share was off 6% since May 5 but up only 5% this year. Clearly Disney (NYSE:DIS) must up the ante here with its marketing and positioning of the jointly-produced Go.com. Time for Mickey Mouse Web efforts to stop.


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