SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: Abbeydale who wrote (2678)12/2/1998 9:45:00 AM
From: waldo  Read Replies (1) | Respond to of 37507
 
Morning Report

Wed Dec 02

Open Market Up 130%
ISDEX Sees Smaller Stocks Shine

By Steve Harmon
Senior Investment Analyst
Internet.com
"Where Wall Street Meets The Web"

Commerce software maker Open Market (NASDAQ:OMKT - news) , long ignored as investors snapped up shares of more well-known etailers, finally got its due as OMKT soared 130% to $15.6875 per share since November 24.

Behind the sleigh ride was Open Market's debut November 30 of its 'eChristmas program' which lets small businesses add payment, credit card approval and transaction ability to their Web sites on a small fee basis--rather than having to buy and install huge commerce server software packages.

The move may foreshadow Open Market becoming more service-oriented rather than software-oriented in our opinion. There's a fine line between software and service on the Web but the key indicator is the business model.

Together with partner ICOMM the eChristmas program charges a $100 sign-up fee, $100 per month service fee (with a one-month minimum) and $0.95 per transaction (exclusive of credit card fees).

Let's see how the ISDEX looks with the buying spree that took place the past few days, followed by healthy doses of profit taking. Net net, the second etail wave (smallbies) remain ahead, showing the strength of the overall belief in Web commerce, with not only etailers but enablers (CyberCash, Open Market, Security First) showing gains:

fnews.yahoo.com

W