INTERNET.COM'S ISDEX, THE INTERNET STOCK INDEX, BREAKS 1,000, A GAIN OF 1000% IN LESS THAN FOUR YEARS(New York, NY-March 10, 2000)-internet.com Corporation's (Nasdaq: INTM) ISDEX(r), the Internet Stock Index (http://www.isdex.com), rose above 1,000 for the first time last week. Since its inception in 1996, ISDEX has posted a 1,012% gain, outpacing the Dow and S&P; 500, which have only increased 104% and 120%, respectively, during the same period. The ISDEX has also outpaced these indices for this year, with the ISDEX up 29% and both the Dow and S&P; down 13% and 5%, respectively.
"With a gain of more than 29% since January 1 alone, it is clear that Internet stocks continue as one of the overall economy's strongest sectors," said Alan M. Meckler, chairman and CEO of internet.com Corporation.
ISDEX is the leading pure play barometer that tracks the performance of 50 Internet stocks, representing every segment of the Internet industry. ISDEX was created by internet.com in early 1996 and has since been a bellwether to indicate the relative strength of Internet stocks.
ISDEX stocks are selected from internet.com's InternetStockList (http://www.internetstocklist.com), a comprehensive list of companies deriving more than 50% of their revenues from the Internet. There are currently 321 stocks in the InternetStockList. internet.com selects 50 Internet stocks to formulate the ISDEX based on such factors as sector representation, market position, outlook, and size as measured by market capitalization and shares traded.
In selecting stocks for the ISDEX, internet.com seeks to maintain balance between the weight of a particular sub-index as a percent of all Internet stocks (determined by market capitalization) and its weight in the ISDEX. For example, the market capitalization of all ISP/Access sector stocks, which includes America Online, constitutes 17% of all Internet companies and represents 20% of all ISDEX stocks. As a result of this balance, the ISDEX stocks represent 66% of the market capitalization of all Internet companies, currently about $1,618.7 billion, spread across the 12 sectors.
ISDEX futures and options are traded on the Kansas City Board of Exchange under the symbol (IS). For more information contact Candice Bowman at 816-753-7500 or visit (http://www.kcbt.com/isdex.htm). Guinness Flight offers a mutual fund tracking the ISDEX under the symbol GFINX. For additional information contact James Atkinson at 626-795-0039 or visit (http://www.gffunds.com/isdex)
About internet.com Corporation
Interested advertisers should contact the Ad Sales department at [email protected] or (203) 662-2962. For e-commerce and licensing opportunities, contact David Arganbright, Vice President, Commerce and Licensing, at [email protected] or (203) 662-2858.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see internet.com's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward looking statements included herein are made as of the date of this press release, and internet.com assumes no obligation to update the forward looking statements after the date hereof.
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