Nipped in the bud: Internet-related IPOs take tumble

Article Abstract:

Four Internet-related companies' initial public offerings fell significantly from their original offer prices on the small-capitalization, technology-heavy Nasdaq Stock Market. The companies are Internet florist 1-800-Flowers.com, Internet insurance company Quotesmith.com, online movie store BigStar Entertainment and Internet-communications services firm Splitrock Services Inc. 1-800-Flowers.com lost big as its stock price fell 13% to finish Aug. 3, 1999 at 18 and three-sixteenths on the Nasdaq. Internet stocks have become popular investments but they are some of the most volatile stocks on the market. Both the Nasdaq Composite Index and the Russell 2000 Index finished the day down 1.36% to 2587.99 and down 1.43% to 436.28, respectively.

Securities and Commodity Exchanges, On-Line Information Services, Videotex & Teletext, Security and commodity exchanges, Securities Exchanges, Financial analysis, Economic aspects, Forecasts and trends, Industry trend, Stock-exchange, Stock exchanges, Exchanges, Statistics, Securities, Nasdaq Composite Index (Index), Going public (Securities), Initial public offerings, Company securities, Nasdaq Stock Market Inc., Russell 2000 Index (Index)

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Amazon opens online mall of small stores

Article Abstract:

As if books, movies and music was not enough, Amazon.com has decided to open a full, online shopping mall called zShops. The excitement about this new and improved online mall has caused Amazon's stock to rise 23%. Apparently, Amazon is renting out space on their web site for $9.95 a month to retailers who are willing to dive into electronic commerce.

Services information, Video Retailing Service, All Other Information Services, Services, Home shopping, Amazon.com Inc., Company services, AMZN

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