Investors find favor with Mp3.com IPO deal

Article Abstract:

Mp3.com's initial public offering (IPO) raised a total of $344 million , the fifth-highest amount generated by any other Internet-based company. The IPO raised the market value of the company to $779 million as of Jul 21, 1999, a valuation that is 45% greater than its rival LiquidAudio. Mp3.com, a World Wide Web site that permits users to download music via their computers, reported a loss of $357,538 in 1998 from total revenues of $1.2 million.

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Investors ignore eBay's solid earnings

Article Abstract:

EBay has posted earings of $11.6 million, or 4 cents per share, for 2nd qtr 2000 which tops estimates by 1 cent. However, analysts are wondering if the strong earnings results are enough to satisfy investors who are skeptical of Internet companies, to the point of ignoring solid earnings. The earnings results also idicate that eBay has become a key way for consumers to shop, becoming indispensable to more people and small businesses worldwide.

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Tech giants jump-start optimism

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Recently earnings from three tech giants Yahoo, Microsoft and Motorola have given analysts hope for a tech revitalization.

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