Network Solutions Joins Ranks of Forbes 500
BUSINESS WIRE - April 08, 1999 14:11
HERNDON, VA. (April 8) BUSINESS WIRE -April 8, 1999-- Makes Top Five Lists for Market Value Growth and Stock Price Gains
Network Solutions, Inc. (NASDAQ: NSOL), the world leader in Web address registration services, today announced it has been named to the Forbes 500 list of America's leading companies.
Network Solutions made the top five lists for both market value growth and stock price gains. The Forbes 500 is a ranking of the top American businesses by sales, assets, market value and profits.
Network Solutions' market value grew in excess of 767 percent according to Forbes, making it among the top five American companies. The top five companies by market value growth in 1998 were CMGI (NASDAQ: CMGI), Amazon.com (NASDAQ: AMZN), Yahoo! (NASDAQ:YHOO), Infoseek (NASDAQ: SEEK) and Network Solutions.
Network Solutions also made the "Biggest Winners" list for its stock price growth. Network Solutions' stock gained 726 percent according to Forbes, qualifying it along with Amazon.com, Yahoo!, America Online (NYSE: AOL) and E-Trade Group (NASDAQ: EGRP) as a top performer. Internet companies headed up the list of best stock market performers among all companies surveyed.
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