Cyrus Afzali

Television network NBC Tuesday made its largest foray onto the Internet to date with the launch of NBC Internet Inc., a new publicly-held company encompassing Snap! and other Internet assets. NBCi was formed in May by combining the Snap portal, which NBC owns along with CNET Inc. as well as online community site Xoom.com Inc. […]

Internet investors had several pieces of news to digest following the holiday weekend and were generally pleased with what they were hearing. Just after noon Eastern, internet.com’s Internet Stock Index was up 3.26, or 0.44 percent, to 738.32, the Nasdaq Composite had gained 6.93 to 3,454.74 and the Dow Jones industrial average had slumped 42.52 […]

Internet stocks were buzzing ahead of the Thanksgiving Day holiday on news of several deals and analyst upgrades, helping them outpace blue chips and technology shares. Just before noon Eastern, internet.com’s Internet Stock Index had jumped 23.80, or 3.39 percent, to 724.90, the Nasdaq Composite had climbed 42.88 to 3,585.75 and the Dow Jones industrial […]

Internet stocks were trading down Tuesday following a report that durable goods orders slipped 1.3 percent in October, sharply lower than economists had forecast. Still the sector was faring much better than tech stocks and blue chips. Just before noon Eastern, internet.com’s Internet Stock Index was off 9.30, or 1.32 percent, to 696.19, the Nasdaq […]

Internet companies were trading higher in midday activity on Monday as a number of deals and announcements were livening up what’s expected to be a relatively quiet week. Just after noon Eastern, internet.com’s Internet Stock Index was up 9.24, or 1.35 percent, to 692.15, the Nasdaq Composite had gained 7.14 to 3,376.39 and the Dow […]

Infospace.com Inc. Monday made an acquisition designed to offer its customers a variety of online collaborative tools. Infospace (INSP) Monday purchased eCom Live, a provider of Web-based collaboration and interaction software designed for electronic commerce and other vertical applications. eCom Live’s software allows users to share data, conduct audio and video conferencing and jointly work […]

Internet stocks were pausing Friday after taking in several recent run-ups that have led the Nasdaq Composite to soar 13 percent this month and an incredible 53 percent this year going into the week’s last session. Just after noon Eastern, internet.com’s Internet Stock Index was off 2.86, or 0.42 percent, to 677.41, the Nasdaq Composite […]

Announcements of several pending stock splits together with bullish analyst recommendations were sending Internet stocks climbing in midday trading as the Nasdaq continued its record march. Just after noon Eastern, internet.com’s Internet Stock Index had jumped 11.98, or 1.81 percent, to 675.03, the Nasdaq Composite had climbed 40.86 to 3,310.25 and the Dow Jones industrial […]

Stocks were generally weak across the board in midday trading Wednesday, although a handful of Internet issues had posted solid gains thanks to a combination of deals and analyst upgrades. Just before noon Eastern, internet.com’s Internet Stock Index had lost 0.35, or 0.05 percent, to 670.28, the Nasdaq Composite was up 1.20 to 3,296.72 and […]

Investors seemed confident about the future of the U.S. economy Tuesday, shrugging off the possibility of an interest rate hike, sending Internet stocks higher across the board. Just before noon Eastern, internet.com’s Internet Stock Index had jumped 13.96, or 2.18 percent, to 653.75, the Nasdaq Composite had climbed 39.41 to 3,258.95 and the Dow Jones […]

Shares of the largest online brokers were moving up in midday trading Monday after announcing plans to launch a new investment bank. That news came as internet.com’s Internet Stock Index was up 14.10, or 2.23 percent, to 645.98, the Nasdaq Composite had climbed 10.10 to 3,231.25 and the Dow Jones industrial average had gained 13.15 […]

Linux powerhouse Red Hat Inc. Monday made a move to expand the use of the operating system beyond the personal computer. Red Hat (RHAT) is purchasing privately-held Cygnus Solutions for $674 million in stock. Red Hat will issue up to 6.62 million shares for all outstanding Cygnus shares. The deal is expected to close by […]