Up 10.5%: ISDEX Finds Legs In Bullish Rally

By admin on December 5th, 2008
Posted in virtualants.com | edit

The market taketh and the market giveth. This week was the latter, as ISDEX, The Internet Stock Index, gained nearly 11% on its way past the 100 mark. The comeback brings the 50-strong basket of stocks back to a place where it began in 1998, a position believed to hold promise in many ways.

Consider that revenue, users, page views, and even earnings in some cases or narrowed losses in others, all progressed towards a larger marketplace for Internet goods and services. It makes little sense with the industry growth that these stocks should remain in purgatory.

One thing we see in ISDEX upside since September 1, is the more "democratically" dispersed nature of gainers. Topping the poppers is Earthlink (NASDAQ:ELNK), which ran on a tout from Everen Securities, who rates ELNK as "long term outperform" especially in light of its share price vs. recent highs.

On the downside, investors have given a big thumbs down, way down, on USWeb (NASDAQ:USWB), making a $350 million stock swap for Internet marketing-ad firm CKS Group (NASDAQ:CKSG). USWB shares fell 26% to $10.625 per share. CKSG shares also went south, albeit in a slightly more climate-controlled 1% drop since September 1. Maybe it's time to rethink reinventing the corporation?

The abacus-thumping results:

ISDEX ®   08-Sep-98 % change Point change % change
The Internet Stock Index   close from from from
www.isdex.com     01-Sep-98 01-Sep-98 31-Dec-97
          or from IPO*
ISDEX Geometric Average   101.24 8.6% 8.04 1.4%
ISDEX Price Wtd. Composite   1,341.02 10.5% 127.94 49.7%
NASDAQ   1,660.86 5.4% 85.72 5.8%
DJIA   8,020.78 2.5% 193.35 1.4%
           
Earthlink Network ELNK $36.00 35% $9.25 180%
Inktomi* INKT $67.50 31% $16.13 275%
Excite XCIT $30.00 25% $6.00 100%
Secure Computing SCUR $8.88 22% $1.63 -25%
Security Dynamics SDTI $12.25 21% $2.16 -66%
Open Text OTEXF $13.44 21% $2.31 0%
Broadcast.com* BCST $41.95 19% $6.70 133%
CMG Info CMGI $49.63 18% $7.63 228%
Concentric CNCX $17.75 17% $2.63 100%
Yahoo! YHOO $84.63 17% $12.38 144%
Infoseek SEEK $21.00 17% $3.06 95%
24/7 Media* TFSM $10.63 16% $1.50 -24%
Mindspring MSPG $35.13 16% $4.88 213%
Open Market OMKT $11.44 15% $1.53 19%
Amazon.Com AMZN $92.25 15% $12.30 206%
Network Solutions NSOL $31.81 15% $4.06 142%
Broadcom* BRCM $68.50 15% $8.69 185%
PSINet PSIX $14.31 15% $1.81 179%
RealNetworks RNWK $19.88 14% $2.38 43%
WavePhore* WAVO $6.00 13% $0.69 -36%
America Online AOL $95.25 10% $9.00 110%
CDnow CDNW $9.88 10% $0.88 -38%
Netscape NSCP $23.00 9% $1.88 -6%
Verio* VRIO $23.25 9% $1.88 1%
Axent AXNT $17.19 8% $1.31 0%
IDT Corp IDTC $17.25 8% $1.25 -15%
N2K NTKI $8.75 8% $0.63 -40%
Network Associates NETA $34.44 7% $2.38 -35%
VocalTec VOCLF $8.81 7% $0.56 -57%
GeoCities* GCTY $22.75 6% $1.38 34%
E*TRADE EGRP $19.00 6% $1.13 -17%
Egghead.com EGGS $7.50 4% $0.31 15%
ISS Group* ISSX $28.38 4% $1.13 29%
Broadvision BVSN $22.13 4% $0.88 240%
CheckPoint Software CHKPF $20.00 4% $0.75 -51%
Doubleclick DCLK $25.63 4% $0.88 51%
Lycos LCOS $27.69 4% $0.94 34%
Cylink CYLK $8.19 3% $0.25 -16%
Onsale ONSL $18.50 3% $0.50 3%
CNET CNWK $44.25 3% $1.13 193%
CyberCash CYCH $8.50 1% $0.13 -33%
Spyglass SPYG $12.50 1% $0.13 153%
@Home Network ATHM $33.69 1% $0.19 34%
CKS Group CKSG $14.00 -1% -$0.13 -1%
Security First Net Bank SFNB $12.50 -3% -$0.38 72%
Exodus* EXDS $25.75 -4% -$1.00 72%
Sportsline USA SPLN $19.13 -5% -$0.94 78%
Mecklermedia MECK $21.31 -5% -$1.19 -14%
Verisign VRSN $28.25 -6% -$1.75 102%
USWeb USWB $10.63 -26% -$3.81 13%
* change from IPO 1998          
TOTAL   1,302.14 11% 133.50 50%
SIMPLE AVERAGE   27.13 11% 2.78 50%

News and moves:

  • 98.09.08 - Mecklermedia (NASDAQ:MECK), producer of this report, announced that its Internet World India trade show drew an audience of 25,000 during August 25-28. This is the first year of the event. Mecklermedia's global presence includes Internet World trade shows and licensed publications throughout Canada, Mexico, South America, Europe, the Middle East, Africa, Asia, and Australia, and Internet.com.

  • 98.09.04 - Security Dynamics (NASDAQ:SDTI), which has been a sleeper all year, gets some recognition for its RSA data encryption that was used as the underlying technology when President Bill Clinton and Irish Prime Minister Bert Ahern sign an Internet e-commerce agreement with "digital signatures."

  • 98.09.03 - CDnow (NASDAQ:CDNW) is named the top music-selling site on the Web by eMarketer, which evaluated more than 100 online music sites looking at selection, price, usability and presentation. We believe that despite the plans of Amazon.com to also ramp up music sales (NASDAQ:AMZN), CDnow has the lead in sales and usage to stay at the fore of Web-based music retailing.

  • 98.09.02 - eBay (IPO pending) will pay AOL (NYSE:AOL) $12 million to become AOL's auction provider for the next three years. While details of the deal are not known, AOL also usually gets warrants or revenue splits on top of these sorts of agreements.

    Internet Investment Symposium '98 @ Fall Internet World!

    "The power conference to network with industry influencers and decision makers." - Yahoo co-founder Jerry Yang
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