Cyrus Afzali

Internet investors were weathering another rough ride at midday Wednesday as the Nasdaq Composite continued its steep decline. The tech-heavy index is now caught in a correction as it’s off almost 4 percent from its recent record. At noon, internet.com’s Internet Stock Index had plunged 45.51, or 5.31 percent, to 811.63, the Nasdaq Composite had […]

eBay Inc. has ruled that a $10 million bid for the domain name “year 2000.com,” which would have set a new record for a domain sale, was a hoax. eBay made the decision late Tuesday after it could not reach the bidder and following an examination of the bidder’s history. The bid was placed last […]

Linux software distributor Red Hat Inc. Wednesday purchased e-commerce payment processor Hell’s Kitchen Systems in a stock deal valued at $85.6 million. Red Hat (RHAT) will exchange up to 398,335 shares of common stock for all outstanding Hell’s Kitchen shares. Red Hat said the deal will add e-commerce payment processing software to its product lineup. […]

A sea of red ink swept over both blue chip and technology stocks Tuesday, leading to the single biggest one-day point drop ever for the Nasdaq Composite. internet.com’s Internet Stock Index tumbled 43.40, or 4.73 percent, to 874.00, the Nasdaq Composite plunged 229.95 to 3,901.20 and the Dow Jones industrial average dove 359.58 to 10,997.93. […]

Interest rate jitters continued to sweep across U.S. markets Tuesday, leading to steep declines in blue chip and tech stocks. Internet stocks were split, with several strong gainers minimizing losses. At noon Eastern, internet.com’s Internet Stock Index was off 14.23, or 1.55 percent, to 903.20, the Nasdaq Composite had plunged 87.40 to 4,043.75 and the […]

E-mail provider Mail.com Inc. Tuesday acquired Lansoft Inc., a corporate e-mail management and Web hosting company, in a bid to expand its corporate customer base and strengthen its messaging technology. Terms of the deal were not disclosed. Mail.com (MAIL) will gain about 690 corporate customers with the acquisition. “This transaction is consistent with our strategy […]

Positive performance from a number of e-commerce plays was giving the ISDEX a boost midday Monday, helped by strong online holiday shopping numbers. The news wasn’t so good for the major indices which were broadly lower after a brief run-up following the opening bell. Analysts attributed the decline to a combination of profit-taking combined with […]

Just months after business.com fetched $7.5 million, a new record may have been set for the sale of a domain name. Canadian computer consultants Peter de Jager and Cliff Kurtzman stand to receive $10 million for the domain “year2000.com” which was sold over the weekend by online auctioneer eBay Inc. (EBAY). eBay has not identified […]

Investors were eagerly snapping up shares of business-to-business Internet and infrastructure plays in midday trading as all sectors of the market were moving strongly higher. The Nasdaq Composite briefly crossed the 4,000 milestone before settling lower. At 12:30 p.m. Eastern, internet.com’s Internet Stock Index had gained 3.20, or .37 percent, to 875.54, the Nasdaq Composite […]

Internet shares were slumping in midday trading Wednesday, pausing from their torrid run-up over the last week. Volume was also falling as retail investors weren’t making up for the dip in institutional buying ahead of the Christmas holiday. At noon Eastern, internet.com’s Internet Stock Index was off 13.77, or 1.58 percent, to 858.09, the Nasdaq […]

The Internet Corp. for Assigned Names and Numbers Tuesday made changes to its procedures governing the resolution of domain name disputes. The group selected The National Arbitration Forum to hear cases where an individual or company believes another has registered a well-known name in hopes of later reselling it for a larger fee. ICANN rules […]

Bullish comments from Morgan Stanley Dean Witter’s Mary Meeker and a number of deals were getting Internet stocks off to a solid start Monday. At noon Eastern, internet.com’s Internet Stock Index had gained 9.66, or 1.18 percent, to 829.88, the Nasdaq Composite had jumped 33.75 to 3,786.81 after briefly crossing 3,800 earlier in the session, […]