We look for consolidation and the combining via alliance or investment between established traditional media and businesses and Web-based ones, with Lycos' talk of seeking an investor and Yahoo-News Corp. combining for a cross promotional alliance as being two examples. Today's market snapshot:
|
|
25-Jan-99 |
point change |
% change |
|
ISDEX |
326.70 |
5.04 |
1.57% |
|
NASDAQ |
2,369.31 |
30.51 |
1.30% |
|
DJIA |
9,203.32 |
82.65 |
0.91% |
Lycos (NASDAQ:LCOS) CEO Bob Davis tells the media his firm is committed to being independent. But we know that the marketplace ultimately will decide if a company can do so. Interest in Lycos has grown after the recent news that Excite is being acquired by @Home.
Broadcast.com (NASDAQ:BCST) inks a deal with Softbank for Broadcast.com Japan to deliver video-audio to Japanese users as well as businesses. Softbank has been successful with its Internet investing in Yahoo, GeoCities and E*TRADE.
USWeb/CKS (NASDAQ:USWB) reports fourth-quarter revenue of $72.6 million vs. $34.9 4Q97. Full year revenue for the e-marketing and web presence provider is $228.6 million vs. $114.3 million for 1997. Firm reports $5.87 million net income for 4Q98 and $13.4 million for 1998 before charges.
VeriSign (NASDAQ:VRSN) posts $13.2 million 4Q98 revenue and $38.9 million 1998 revenue. Net loss is $2.5 million for 4Q98 and $16.18 million for 1998 for the digital certificate issuer.
17 November 2008 |
cameltoepants.com |
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