Cyrus Afzali

Technology shares were running into trouble at midday Wednesday as investors showed concern over quarterly earnings. However, strong results from two Internet leaders were cushioning the impact on that sector. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index was off 5.08, or .58 percent, to 866.94, the Nasdaq Composite had lost 42.49 to 4,124.92 and […]

Internet stocks were mixed at midday Tuesday with several wide price swings in both directions. However, a balancing effect was prevailing, leading the ISDEX to post a slight gain. Investors remained focused on earnings as a number of companies are set to report this week. At noon. Eastern, internet.com’s Internet Stock Index was up 1.04, […]

Ask Jeeves Inc. Tuesday bought search technology company Direct Hit Technologies Inc. for just under $507 million in stock. Ask Jeeves (ASKJ) will exchange 5.12 million shares for all outstanding Direct Hit shares. In return, Ask Jeeves will acquire Direct Hit’s automated search technology which includes a popularity engine that ranks Web sites. The deal […]

Internet stocks were trading lower at midday Monday as investors were taking profits in a number of high-flying e-commerce stocks. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index was off 8.13, or 0.91 percent, to 886.49, the Nasdaq Composite had gained 4.58 to 4,239.98 and the Dow Jones industrial average had fallen 26.37 to 11,225.34. […]

A series of positive earnings report combined with news software giant Microsoft Corp. is taking a stake in a B2B Web play were sending Net stocks higher in midday trading Friday. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index was up 7.53, or 0.86 percent, to 885.41, the Nasdaq Composite had gained 15.23 to 4,204.74 […]

Following in the footsteps of Ask Jeeves, About.com Inc. Thursday acquired a question-and-answer site offering information on hundreds of different topics. About.com (BOUT) acquired ExpertCentral.com, which will continue to operate independently and contain links to various sections of About.com’s network. About.com is paying $30.7 million in stock for the site. The company will exchange 500,000 […]

Mixed earnings and acquisitions were the order of the day for Internet stocks at midday Thursday as the sector continued to tread water. At noon Eastern, internet.com’s Internet Stock Index was up 0.46, or 0.05 percent, to 872.93, the Nasdaq Composite had gained 27.80 to 4,179.09 and the Dow Jones industrial average had lost 124.80 […]

Taking another step in an attempt to keep up with fast-moving Cisco Systems Inc., Lucent Technologies Thursday made a buy that will add high-speed chips for packet-based networks to its product line. Lucent (LU) is buying Agere, a maker of programmable network processors, for about $415 million in stock. Lucent will exchange about 8 million […]

Cable Internet provider Road Runner Tuesday formed an international unit whose first goal will be to take the brand to key Asia Pacific and European markets. The company expects to lay out the exact markets to be targeted within the next six months. “For the past year, Road Runner has focused on growing the national […]

Internet stocks were moving higher Tuesday amid a sell-off in blue chips, largely due to declines in rate-sensitive financial issues. At noon Eastern, internet.com’s Internet Stock Index was up 7.21, or .87 percent, to 840.38, the Nasdaq Composite was up 25.24 to 4,089.51 and the Dow Jones industrial average had shed 108.90 to 11,614.08. Movers […]

Shares of Network Solutions Inc. were moving higher Tuesday after the U.S. Supreme Court rejected an appeal arguing its registration fees amounted to an unauthorized tax. A group of nine companies had sued Network Solutions (NSOL) and the National Science Foundation, which had a cooperative agreement with Network Solutions allowing the company to register domains. […]

JDS Uniphase Corp. and E-TEK Dynamics Inc. merged Tuesday in a $15 billion deal prompted in large part to the increasing demand for bandwidth. JDS will exchange 1.1 of its shares for each share of E-TEK. The deal must be approved by E-TEK shareholders and regulators. JDS Uniphase designs and distributes a variety of fiber […]