Internet Market Close Report for 1998.09.09

By admin on November 20th, 2008
Posted in virtualants.com | edit

  09-Sep-98 point change % change
ISDEX 97.21 -4.03 -3.98%
ISDEX price weighted 1,282.47 -58.55 -4.37%
NASDAQ 1,624.55 -36.31 -2.19%
DJIA 7,865.02 -155.76 -1.94%

  • GeoCities (NASDAQ:GCTY) signs Microsoft's HomeAdvisor as exclusive sponsor/featured home buying service for its new real estate site. 'If you can't beat 'em, buy 'em' may be Microsoft's new strategy of buying space on popular sites. Homes, cars and travel are three popular Microsoft services.

  • Excite (NASDAQ:XCIT) gets an initial "buy" rating from Utendahl Capital Partners which sets a $49 share price target. we think both Excite and Lycos provide the critical mass that many large media companies crave to be players in the new frontier. The problem with a deal like Disney's $430 million for 43% of Infoseek (NASDAQ:SEEK) so far has been nothing visible about the deal to laud or applaud. When its new portal debuts we expect Wall Street to sit up and take note.

  • Network Associates (NASDAQ:NETA), which specializes in security solutions for the Web, is started with an "attractive" rating by Bear Sterns.

    LaunchPad Pavilion, part of Fall Internet World '98, the world's largest Internet industry trade show held Oct 5 - 9, offers exhibit space for startups ONLY at a reduced price in order to meet their often limited capital available at the startup stage. It is Mecklermedia's way of letting the newbies get their voice heard. If you or a friend is at a Internet startup and want to exhibit at Fall Internet World (expected attendance is more than 50,000) in New York City's Javits Center then contact Reed Bocchino 203-341-2826 or email: mailto:rbocchino@mecklermedia.com

    Internet Investment Symposium '98 @ Fall Internet World!

    The Internet investment event of the year! New York City, Oct. 8-9 as Steve Harmon talks investments with some of the top names in the industry...top execs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, debuts hot startups at Startup Live!, and debates top stocks with the leading Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!"