October 18th, 2008
The snapshot:
|
|
04-Jan-99 |
point change |
% change |
|
ISDEX |
298.95 |
12.22 |
4.26% |
|
NASDAQ |
2,208.05 |
15.36 |
0.70% |
|
DJIA |
9,184.27 |
2.84 |
0.03% |
Sportsline (NASDAQ:SPLN) soars 12% to $17.9625 per share after inking a deal with Amazon to create and maintain a sport related book and merchandise site. Deals not known but we think Sportsline may be receiving a substantially-higher "affiliate" like split from Amazon for the deal. Our estimate? 25% of sales may go to Sportsline.
Network Solutions (NASDAQ:NSOL) climbs 18% to $155 per share on news of a planned 2-for-1 stock split. These excite investors who think they'll be getting 2 shares for 1 and the observation that stocks that split often rise to pre-split levels. Not always though. Others that have announced splits include CMGI (NASDAQ:CMGI) and Inktomi (NASDAQ:INKT). In 1998 Yahoo, AOL, Earthlink, Mindspring to name a few, also split.
Go2Net (NASDAQ:GNET) acquired Web21, creator of the 100hot.com web site that ranks web sites by estimating users. Terms: $13.5 million GNET stock.
Earthlink (NASDAQ:ELNK) announces preliminary fourth quarter revenue of $58.3 million, up 138% vs. 4Q97. The consumer ISP also expects losses, however, as it grows the business, surpassing more than 1 million subscribers in 4Q.
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