HomeIT Management

ISDEX Loses Points On Tech Weakness

Steve Harmon
By Steve Harmon

As sentiment that the Federal Reserve may raise the cost of capital the markets take a hit again on the tech and Internet side. ISDEX, which launches its Futures contracts on Kansas City Board of Trade, closes down 5.75% at $483.82. Today’s snapshot:

  • E*TRADE (NASDAQ:EGRP) makes s $1.8 billion stock offer for Web-based bank Telebanc. Investors react unfavorably, driving down EGRP 11.66% to $39 5/16 per share. Also hurting EGRP is Merrill Lynch’s new Internet effort. I see Schwab in front with Merrill perhaps catching up in 24 months. It should have just acquired E*TRADE. Because my thinking is that Merrill may waste time trying to figure out the Net.
  • StarMedia (NASDAQ:STRM) gains 4% to $61 3/16 per share as Wall Street starts to look outward for growth in the Internet. Note: STRM is added to ISDEX effective today, replacing Excite which merged with @Home.
  • Ticketmaster-Citysearch (NASDAQ:TMCS) replaces GeoCities in ISDEX today, as the Web community completes its merger with Yahoo.

    • Steve Harmon
    Steve Harmon
    Previous article
    Sun Launches Middle East Initiative
    Next article
    eMailbag: StarMedia, Amazon, AOL, Marimba, Bottom?

    Similar Posts

    Get the Free Newsletter!

    Subscribe to our newsletter.

    Subscribe to Daily Tech Insider for top news, trends & analysis

    News Around the Web

    InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

    Advertisers

    Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.

    Advertise with Us

    Menu

    Our Brands

    Property of TechnologyAdvice.
    © 2024 TechnologyAdvice. All Rights Reserved

    Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.