Cyrus Afzali

Networking giant Cisco Systems Inc. continued its torrid acquisition pace, snapping up Italy’s Pirelli S.p.A., a maker of optical component systems, for $2.15 billion in stock. With the buy, Cisco plans to enter the dense wave division multiplexing market. The technology uses light waves of different colors to increase the capacity of broadband networks carrying […]

Internet stocks were looking to finish what they started Thursday as a number of the previous session’s biggest gainers continued to move higher in midday trading Friday. Also, an announcement of a 3-for-1 stock split from Dow component General Electric Co. was helping blue chips advance. At noon Eastern, internet.com’s Internet Stock Index was up […]

A much lower than expected loss and announcement of a 2-for-1 stock split from CMGI Inc. was breathing new life into Internet stocks at midday Thursday while a record high for the U.S. trade deficit in October was taking a toll on blue chips. At noon Eastern, internet.com’s Internet Stock Index was up 16.81, or […]

Media giant Time Warner Inc. Thursday announced it is establishing a $500 million fund that will invest in digital media companies. The company plans to invest between $5 million and $20 million in each company. About half of the investments will be cash and the remainder will consist of promotion across Time Warner properties. Richard […]

Worries over the earnings outlook for Cisco Systems Inc. were sending Internet stocks lower Wednesday after the networking giant warned future sales growth may slow. At 12:45 p.m. Eastern, internet.com’s Internet Stock Index was off 5.73, or 0.71 percent, to 799.24, the Nasdaq Composite had jumped 22.41. to 3,594.07 and the Dow Jones industrial average […]

Akamai Technologies Inc. is leading a consortium backing a new standard which promises to speed the delivery of Internet content to computers and a variety of Internet-connected devices. Akamai is teaming with Network Appliance, Novell Inc., Network Associates Inc., Allaire, Broadvision Inc., Open Market, Finjan Software and Exodus Communications to establish the Internet Content Adaption […]

Profit-taking and a rise in bond yields were prompting a steep sell-off in the Internet sector Tuesday, putting the Nasdaq’s record streak in jeopardy. internet.com’s Internet Stock Index had plunged 25.32, or 3 percent, to 820.06, the Nasdaq Composite was off 52.37 to 3,605.80 and the Dow Jones industrial average was off 19.57 to 11,173.02. […]

Yahoo! Inc. and Kmart Corp. are reportedly eyeing a broad distribution partnership that will included co-branded Internet access. According to The Wall Street Journal, the free Internet service will be promoted on Bluelight.com, Kmart’s electronic-commerce site. It will also be marketed to consumers in Kmart stores. Yahoo! will be the default home page for the […]

Internet incubator CMGI Inc. continued to broaden its Internet horizons Tuesday with the formation of CMGI Solutions, a new unit that will focus on e-business products and services. CMGI said the unit will bundle various products and services to help its enterprise clients decrease the amount of time required to launch new applications and offerings. […]

Internet stocks were getting off to a good start Monday as a variety of companies were advancing following news of several upgrades and stock splits and another Net addition to the Nasdaq 100. At noon Eastern, internet.com’s Internet Stock Index was up 9.08, or 1.09 percent, to 844.80, the Nasdaq Composite was up 26.26 to […]

Andersen Consulting, a name synonymous with helping blue-chip companies around the world streamline their operations, now wants to be a driving force behind the Internet’s growth. The company Monday formed Andersen Consulting Ventures and said it will put $1 billion into the unit which will help create new electronic businesses. The new unit will be […]

New media marketing company USWeb/CKS Monday merged with Whittman-Hart in a deal that will create a $14 billion firm focusing on helping businesses make the most of electronic commerce. E-business solutions provider Whittman-Hart will give USWeb/CKS (USWB) shareholders .865 of its shares for each USWeb share they own. The deal values USWeb/CKS at just under […]