Cyrus Afzali

Shares of online marketplace GoTo.com were soaring in midday trading after the company reported better-than-expected quarterly earnings. Investors were also cheering the Nasdaq Composite which crossed the 3,000 mark for the first time Tuesday. Just before noon Eastern, internet.com’s Internet Stock Index was off 0.15, or 0.03 percent, to 566.72, the Nasdaq Composite had climbed […]

Deals were moving Internet stocks higher in midday trading Monday while a report that commodity prices increased last month was taking a toll on blue chips. Just before noon, internet.com’s Internet Stock Index had gained 4.49, or .81 percent, to 567.21, the Nasdaq Composite was up 11.42 to 2,977.85 and the Dow Jones industrial average […]

Online investment bank Wit Capital Group Inc. Monday made a move to expand to expand its research and initial public offerings with the acquisition of SoundView Technology Group. Wit (WITC) will purchase all outstanding shares of SoundView for $320 million in newly-issued Wit shares and options. The boards of both companies have already approved the […]

Investors eagerly snapped up shares of Akamai Technologies Inc. on its debut Friday as solid economic data buoyed all the major indices to end the week on a high note. It wasn’t all good news, however, as investors did punish several stocks which released disappointing earnings. Akamai’s debut came after a report which said sales […]

Shares of Internet companies were trading higher at midday Friday as investors were applauding positive earnings from a number of leaders. It was also a good day for all the major indices which were rising after a report which said sales of new single-family homes fell 12.8 percent in September to 811,000 units. The biggest […]

Stocks were up across the board in midday trading Thursday, although Internet stocks were lagging behind the other indices as investors were punishing the sector over a cloudy earnings outlook. Just before noon Eastern, internet.com’s Internet Stock Index had gained 6.33, or 1.17 percent, to 545.12, the Nasdaq Composite had risen 49.57 to 2,852.09 and […]

Shares of online auctioneer eBay Inc. were taking it on the chin in midday trading Wednesday following disappointing earnings. eBay’s plight appeared to be scaring investors away from the sector as other leaders will soon report their latest results. Just before noon, internet.com’s Internet Stock Index had fallen 14.66, or 2.66 percent, to 536.79, the […]

After being up earlier in the session on news that the technology sector had broken into the Dow Jones industrial average, Internet stocks fell in the afternoon in response to a drop in consumer confidence and disappointing corporate earnings. internet.com’s Internet Stock Index lost 0.86, or .16 percent, to 551.45, the Nasdaq Composite lost 4.68 […]

News that two technology leaders will soon join the Dow Jones industrial average was helping send the Nasdaq Composite higher Tuesday. In the Internet sector, deals and earnings news continued to dominate. Just before noon, internet.com’s Internet Stock Index was up 5.03, or .91 percent, to 557.34, the Nasdaq Composite had jumped 39.19 to 2,855.14 […]

Interactive Pictures and bamboo.com Tuesday merged in a deal that will create an $850 million company specializing in interactive visual content for the Internet. IPIX shareholders will receive 1.3690 shares of Bamboo (BAMB) for each share they own. The combined company will be split between shareholders of both. Jim Phillips, IPIX chairman and chief executive […]

Internet stocks managed to post a small gain on a day that saw the Dow battered by a slump in bond prices and the Nasdaq fail to make the push into positive territory. internet.com’s Internet Stock Index closed up 7.45, or 1.37 percent, to 552.31, the Nasdaq Composite ended off .58 to 2,815.94 and the […]

GTE Corp. Monday sued AT&T Cable Services, Comcast and their affiliated service providers, accusing the companies of denying consumers the right to choose their Internet providers. Filed in a Pittsburgh, Pa., federal court, the suit claims the defendants illegally force their cable modem subscribers to buy @Home’s ISP service. The complaint alleges customers who prefer […]