ISDEX, The Internet Stock Index, added eight new stocks to the 50-strong
basket of industry-representative movers and shakers on Wall Street. How
much have they moved? As a group these stocks are up 127% from IPO price,
of which many went public only recently.
That beats the 24% pop on a
geometric average basis for the entire group of 50 since the year began.
ISDEX price weighted showed a 83% rise year to date.
Despite a strong year
to date with runs and rollercoasters, only seven of 50 stocks were on the plus
side in percent gain since August 18. ISDEX lost 7.6% the past week, with a
few stocks making small gains.
Here’s the ISDEX sorted by percent gains from
August 18 to August 25. Note the new ISDEX stocks are highlighted with an
asterisk (or in red).
ISDEX ® | 25-Aug-98 | % change | Point change | % change | |
The Internet Stock Index | close | from | from | from | |
www.isdex.com | 18-Aug-98 | 18-Aug-98 | 31-Dec-97 | ||
or from IPO* | |||||
ISDEX Geometric Average | 124.04 | -7.6% | -10.17 | 24.2% | |
ISDEX Price Wtd. Composite | 1,674.34 | -5.2% | -92.66 | 83.1% | |
NASDAQ | 1,798.17 | -3.1% | -56.95 | 14.5% | |
DJIA | 8,602.65 | -1.3% | -112.00 | 8.8% | |
Spyglass | SPYG | $14.69 | 14% | $1.75 | 197% |
Lycos | LCOS | $74.31 | 9% | $6.31 | 80% |
Inktomi* | INKT | $75.50 | 7% | $5.00 | 319% |
CKS Group | CKSG | $17.50 | 6% | $1.00 | 24% |
Exodus* | EXDS | $38.50 | 4% | $1.50 | 157% |
Amazon.Com | AMZN | $131.63 | 2% | $2.94 | 337% |
Mecklermedia | MECK | $25.88 | 1% | $0.38 | 4% |
Yahoo! | YHOO | $97.50 | 0% | $0.25 | 182% |
America Online | AOL | $110.75 | -1% | -$0.75 | 145% |
CyberCash | CYCH | $9.19 | -1% | -$0.06 | -28% |
Open Text | OTEXF | $14.50 | -1% | -$0.13 | 8% |
Earthlink Network | ELNK | $43.50 | -1% | -$0.50 | 238% |
Network Solutions | NSOL | $35.88 | -2% | -$0.75 | 173% |
Verisign | VRSN | $30.75 | -2% | -$0.75 | 120% |
CNET | CNWK | $47.00 | -5% | -$2.25 | 211% |
Mindspring | MSPG | $40.63 | -5% | -$2.00 | 262% |
CMG Info | CMGI | $71.13 | -5% | -$3.88 | 370% |
Concentric | CNCX | $22.38 | -6% | -$1.38 | 152% |
USWeb | USWB | $18.63 | -6% | -$1.19 | 99% |
E*TRADE | EGRP | $25.31 | -6% | -$1.69 | 10% |
Infoseek | SEEK | $26.88 | -7% | -$1.88 | 150% |
CDnow | CDNW | $12.50 | -7% | -$0.94 | -22% |
Onsale | ONSL | $23.75 | -7% | -$1.81 | 32% |
Sportsline USA | SPLN | $25.63 | -7% | -$2.00 | 138% |
Broadcom* | BRCM | $66.75 | -8% | -$5.50 | 178% |
CheckPoint Software | CHKPF | $24.06 | -8% | -$2.06 | -41% |
Cylink | CYLK | $10.50 | -8% | -$0.94 | 8% |
@Home Network | ATHM | $42.97 | -9% | -$4.34 | 71% |
Broadvision | BVSN | $21.63 | -9% | -$2.25 | 233% |
Verio* | VRIO | $25.13 | -9% | -$2.63 | 9% |
RealNetworks | RNWK | $28.50 | -10% | -$3.06 | 105% |
Security Dynamics | SDTI | $12.63 | -10% | -$1.38 | -65% |
Excite | XCIT | $40.38 | -10% | -$4.44 | 169% |
PSINet | PSIX | $16.75 | -10% | -$1.94 | 227% |
Broadcast.com* | BCST | $54.25 | -11% | -$6.38 | 201% |
Axent | AXNT | $19.31 | -11% | -$2.38 | 12% |
GeoCities* | GCTY | $32.94 | -11% | -$4.06 | 94% |
N2K | NTKI | $11.19 | -12% | -$1.50 | -24% |
Network Associates | NETA | $42.00 | -12% | -$5.88 | -21% |
Security First Net Bank | SFNB | $13.50 | -13% | -$2.00 | 86% |
Netscape | NSCP | $27.81 | -13% | -$4.31 | 14% |
Secure Computing | SCUR | $9.63 | -14% | -$1.56 | -19% |
Open Market | OMKT | $11.06 | -15% | -$1.94 | 15% |
ISS Group* | ISSX | $37.56 | -15% | -$6.75 | 71% |
VocalTec | VOCLF | $8.00 | -17% | -$1.63 | -61% |
Doubleclick | DCLK | $37.81 | -17% | -$7.69 | 122% |
24/7 Media* | TFSM | $12.63 | -20% | -$3.25 | -10% |
WavePhore | WAVO | $8.00 | -22% | -$2.25 | -15% |
Egghead.com | EGGS | $9.50 | -24% | -$3.00 | 46% |
IDT Corp | IDTC | $15.38 | -32% | -$7.38 | -24% |
* change from IPO 1998 | |||||
TOTAL | 1,673.72 | -5% | -93.28 | 83% | |
SIMPLE AVERAGE | 33.47 | -5% | -1.87 | 83% |
) 1998 Mecklermedia, all rights reserved. Internet.com
In the “we’re a community now” category, Lycos (NASDAQ:LCOS) comes in second
in stock gainers, up 9% to $74.31 per share. Helping to fuel that was LCOS
152% jump in revenues for its fiscal year 1998 ending July 31 to $56.1
million.
Net loss before merger charges and amortization hit $0.23 per
share vs. a much wider $0.48 loss per share for fiscal 1997. 4Q $0.09 loss
per share beats the Street’s $0.14 loss per share estimate, prompting Bear
Stearns to raise EPS estimates and also bump up target share price to $80
in 12 months.
Among the week’s more notable moves and news:
use its payment system with more than 280 merchants signing on every two
weeks. The firm says the transactions it processes approach about one
million per
week, up 150% this year. Merchant sign-ups have echoed that growth, up 180%
this year.
hosting provider to small and medium-sized businesses that hosts more than
10,000 Web sites. The buy is Concentric’s third Web hosting one this year.
Also a rival notable buy in the hosting space was Go2Net’s (NASDAQ:GNET) of
Hypermart recently.
acquired its 18th Web site, CyberAtlas.com, a leading source of Internet
industry e-commerce, e-advertising, marketing and research analysis. Seller
I/PRO began CyberAtlas in 1996. Its awards include PC Magazine’s top 100 in
1998.
million sale of common stock to SOFTBANK (Tokyo:9984) which now owns 27.2%
of the Web-based investment service. SOFTBANK holds 15.6 million newly
issued E*TRADE shares for which it paid $25.56 per share. E*TRADE shares
outstanding are 56.5 million now.
Communications which makes workflow and collaboration software based on the
Lotus Notes/Domino platform. Terms were not disclosed. We believe USWeb is
doing
the “embrace and extend” approach to the Internet professional services
market.
For more market making moves and news the past week click here.
Internet Investment Symposium ’98 @ Fall Internet World!
Book now!
New York City, Oct. 8-9 as Steve Harmon talks investments with some
of the leaders in the industry…top execs of GeoCities, CMG Info,
DoubleClick, venture capitalists doing the $ billion deals, debuts hot
startups at Startup Live!, and debates ups & downs of stocks with the
leading Internet stock analysts on Wall Street (Steve was one of them)
selected by CBS MarketWatch!”
