Cyrus Afzali

Internet stocks were moving up in midday trading Monday in response to a slew of deals moving through the sector while the rest of Wall Street was off to a weak start. Just after noon Eastern, internet.com’s Internet Stock Index was up 3.79, or .70 percent, to 548.65, the Nasdaq Composite had fallen 18.81 to […]

In its first major move since becoming a CMGI Inc. property, AltaVista Co. Monday unveiled new personalized content features and introduced a redesigned version of its search engine. Dubbed AltaVista Live, the content initiative draws from more than 100 brands, including The New York Times, The Washington Post, Associated Press and others. The new offering […]

Internet infrastructure companies Digital Island Inc. and Sandpiper Networks Inc. Monday announced plans to merge in a stock swap valued at about $621 million. Sandpiper shareholders will receive 1.07 shares of Digital Island (ISLD) for each share they own. The deal must still receive shareholder approval, although officers directors and affiliates holding more than 50 […]

Strength in finance and technology stocks was sending U.S. markets higher Friday, although Internet issues were basically treading water as that sector’s leaders were mixed at midday. Just after 11:30 a.m. Eastern, internet.com’s Internet Stock Index was up 3.39, or .61 percent, to 559.15, the Nasdaq Composite had gained 39.92 to 2,841.87 and the Dow […]

While technology and blue chip stocks were getting hit hard from a less-than-stellar earnings report from IBM Corp., a wave of good news was helping Internet stocks stay afloat. Just before noon, internet.com’s Internet Stock Index was off 1.33, or .24 percent, to 548.93, the Nasdaq Composite had lost 20.55 to 2,767.58 and the Dow […]

A wave of solid earnings from Microsoft Corp. combined with news that the U.S. trade deficit narrowed for the first time in four months while exports set records was sending Internet stocks up sharply in mid-session. Just before noon, internet.com’s Internet Stock Index was up 11.61, or 2.2 percent, to 539.54, the Dow Jones industrial […]

Investors sent all major U.S. market indices higher Tuesday after the government reported consumer price hikes in September were in line with expectations, giving markets less reason to fear the nation’s economy may be slowing. Just before noon, internet.com’s Internet Stock Index was up 17.33, or 3.36 percent, to 533.31, the Nasdaq Composite had risen […]

Persistant inflation fears kept Internet stocks in the negative column for another day Monday, although shares pared some of their losses just before the closing bell. Solid earnings reports made it a different story for blue chips, which gained almost 100 points. internet.com’s Internet Stock Index closed off 10.16, or 1.93 percent, to 515.99 and […]

Investors hoping for Internet stocks to reverse their slides of last week Monday were sorely disappointed as the sector once again racked up heavy losses. Tuesday investors will turn their attention to the latest consumer price index numbers which will be issued shortly after the market opens. At noon Eastern, internet.com’s Internet Stock Index was […]

U.S. markets were down across the board in midday trading Friday following news that the producer price index posted its biggest gain in nine years. Despite some better-than-expected earnings reports and rating upgrades, Internets were showing no immunity. The government reported Friday the producer price index surged 1.1 percent and the core rate, which excludes […]

Internet stocks were once again caught in a downturn Thursday as a rising bond yield continued to drive investors away from equities, extending the week’s string of losses. Just after noon, internet.com’s Internet Stock Index was off 3.61, or .66 percent, to 541.65, the Nasdaq Composite had lost 18.14 to 2,783.13 and the Dow Jones […]

Internet stocks were once again caught in a slump along with all the broader indices in midday trading Wednesday as profit-taking continued to rule. However, there were several standouts that had posted double-digit percentage gains. Just before noon, internet.com’s Internet Stock Index was off 2.37, or .42 percent, to 564.68, the Nasdaq Composite had fallen […]