Cyrus Afzali

Strength in e-commerce related stocks was putting Internet stocks on the right track Monday, although a big decline in shares of Healtheon/Web MD was muting the effect of those gains on the ISDEX. At 12:30 p.m. Eastern, internet.com’s Internet Stock Index was up 6.27, or .70 percent, to 898.16, the Nasdaq Composite was up 23.38 […]

Kana Communications Inc. and Silknet Software Inc. Monday announced a $4.2 billion merger that will combine two emerging players in the e-business software space. Each outstanding Silknet share will be exchanged for .83 Kana shares. The deal has already been approved by both companies’ boards and is expected to close by the end of the […]

Internet stocks were up only slightly in midday trading Friday, amid new economic figures indicating a faster-than-expected increase in wages during January. The increase perpetuated speculation the Federal Reserve will again hike interest rates to slow down the economy. At noon Eastern, internet.com’s Internet Stock Index had climbed 7.43, or .83 percent, to 906.28, the […]

Internet stocks were getting a lift in midday trading Thursday from a slew of bullish comments on Amazon.com Inc., which promised in an earnings report Wednesday that its losses would begin to shrink. At 12:15 p.m. Eastern, internet.com’s Internet Stock Index had jumped 23.93, or 2.81 percent, to 876.44, the Nasdaq Composite had leaped 50.95 […]

Internet stocks were trading higher at the midpoint of Wednesday’s session as investors were shrugging off the likelihood that the Federal Reserve will issue another quarter-point interest rate hike. The announcement is expected around 2:15 p.m. Eastern. At noon Eastern, internet.com’s Internet Stock Index was up 15.50, or 1.85 percent, to 851.44, the Nasdaq Composite […]

In an effort to benefit from the growing number of active online traders, sector leader Charles Schwab Corp. Wednesday acquired CyBerCorp Inc. CyBerCorp provides a number of Internet-based tools and services for active online investors. Schwab will exchange 13.7 million shares for all outstanding CyBerCorp equity in a deal valued at $488 million. The deal […]

NBC Internet Inc. Wednesday made a move into the red-hot business-to-business sector with the purchase of AllBusiness.com. The site targets small businesses and entrepreneurs, offering information on starting, managing and growing a business. It features expert advise as well as a variety of tools and information. NBCi will pay $225 million in stock for the […]

Several deals were lifting Internet stocks in midday trading Tuesday. The major indices were also trading higher ahead of the two-day Federal Reserve meeting which begins later today. At noon Eastern, internet.com’s Internet Stock Index was up 13.50, or 1.66 percent, to 827.11, the Nasdaq Composite had climbed 37.26 to 3,977.61 and the Dow Jones […]

Technology and Internet shares did an about-face Monday afternoon after languishing in the red most of the session on interest rate fears, one day ahead of the Federal Reserve’s two-day meeting. internet.com’s Internet Stock Index erased much of a 50-point decline earlier in the day to finish off only 5.19, or .63 percent, to 813.61, […]

Investors were feverishly selling technology and Internet issues Monday as rate fears continued to cast a spell on the market ahead of the two-day Federal Reserve meeting which begins Tuesday. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had dove 50.66, or 6.19 percent, to 768.14, the Nasdaq Composite was off 114.46 to 3,772.61 and […]

Internet stocks were up modestly in midday trading Thursday despite a wave of better-than-expected earnings. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had risen 8.40, or .98 percent, to 863.63, the Nasdaq Composite was up 24.79 to 4,079.70 and the Dow Jones industrial average was up 61.50 to 11,094.49. Gainers included Exodus Communications Inc. […]

Internet stocks were up modestly in midday trading Thursday despite a wave of better-than-expected earnings. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had risen 8.40, or .98 percent, to 863.63, the Nasdaq Composite was up 24.79 to 4,079.70 and the Dow Jones industrial average was up 61.50 to 11,094.49. Gainers included Exodus Communications Inc. […]