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Technology Stocks : USWeb (USWB)
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To: zx who wrote (692)3/22/1999 10:52:00 AM
From: Paul S.  Read Replies (1) of 1188
 
Don't know for sure about the Index start date.

FWIW - the OTC BB stock (FECC) that announced partnership with USWB is trading very nicely.

Below is some info about the DJII that I pulled off the DJ site.

The Internet has become a prominent part of American culture in just a few years. More recently, it also has become a red-hot and volatile segment of the stock market. Several indexes have been created to capture the Internet phenomenon. But because they don't have clear or
consistent views of what they are measuring, they add confusion rather
than clarity to already-mystifying market activity.

Dow Jones Indexes has created the Dow Jones Internet Index (DJII) to bring an ordered perspective to the seeming chaos of Internet stocks Rather than assembling a grab-bag of stocks that have some connection with the Internet, no matter how little or how vague, Dow Jones has built an equity benchmark index of companies that generate the majority of their revenues from the Internet. The rules for selecting stocks and maintaining the index over time assure that the Dow Jones Internet Index will remain focused on the companies whose fortunes are truly intertwined with this fast-growing lane on the Information Highway.

The Dow Jones Internet Index is comprised of two sub-groups, Internet Commerce and Internet Services, reflecting the basic distinction between the types of companies that are dependent on Internet business for their livelihoods.

* Internet Commerce: This group represents companies that derive the
majority of their revenues from providing goods and/or services through an open network, such as a World Wide Web site.

* Internet Services: This group represents companies that derive the
majority of their revenues from providing access to the Internet or providing enabling services to people using the Internet.

The long-term goal of the Dow Jones Internet Index is to represent 80%
of the universe of Internet stocks. However, the representation may
fluctuate in the immediate future as this industry comes fully into being and begins to mature.
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