| A couple bright spots come from companies plugging away without the benefit of the limelight of mass media infatuation a la the search group. Real business is being done by business news providers, business ISPs (hence PSIX finds some favor today) and nuts and bolts banking.
Security First Net Bank (NASDAQ:SFNB) signs a multi-million deal with Citibank to provide it Internet banking processing services. SFNB's server software and technology is used by several financial institutions. SFNB shares close up 7% at $12.625 per share.
The trouble with some of the stocks that have moved sideways year to date is that the big brands get stickier, they keep putting up more 'fly paper' (features) as their user bases support it.
|
|
26-Jun-98 |
point change |
% change |
|
ISDEX |
153.65 |
-2.22 |
-1.42% |
|
ISDEX Price Wtd. |
1,718.50 |
-34.31 |
-1.96% |
|
NASDAQ |
1,869.53 |
6.28 |
0.34% |
|
DJIA |
8,944.54 |
8.96 |
0.10% |
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Internet Market Close Report for 1998.06.26