Cyrus Afzali

Internet stocks were mostly lower, along with all the major indices, as investors choose to focus on a falling dollar and a rising bond yield which kept them mostly on the sidelines. Just before noon, internet.com’s Internet Stock index was off 7.44, or 1.27 percent, to 578.71, the Nasdaq Composite had fallen 10.33 to 2,905.62 […]

Internet stocks weren’t getting off to a good start in midday trading Monday as most of the leaders were trading lower and Internet brokers were being brought down after a profit warning from the Nasdaq’s biggest market maker. Just before noon, internet.com’s Internet Stock Index was off 3.87, or .66 percent, to 581.60, the Nasdaq […]

Stocks rallied across the board Friday on the heels of positive economic data, helping two of the day’s three Internet IPOs go out with a bang. internet.com’s Internet Stock Index rose 9.08, or 1.58 percent, to 585.47, the Nasdaq Composite jumped 25.87 to 2,886.51 and the Dow Jones industrial average rocketed 112.71 to 10,649.76 Two […]

Shares of Internet ad firm 24/7 Media Inc. were rocketing in midday trading on speculation that ad leader Doubleclick Inc. would buy its smaller rival. Meanwhile, blue chips moved solidly higher after the government reported U.S. wages posted their biggest increase in 16 years. Just before noon, internet.com’s Internet Stock Index had fallen 0.86, or […]

Internet stocks were getting a boost at midday Thursday due in large part to better-than-expected earnings from Yahoo! Inc. which was helping the sector to leave blue chips in the dust. Just before noon, internet.com’s Internet Stock Index had soared 23.84, or 4.23 percent, to 587.21, the Nasdaq Composite was up 25.17 to 2,882.38 and […]

Shares of Internet leaders were soaring in midday trading Wednesday as investors were breathing a sigh of relief over the decision by the Federal Reserve to leave interest rates unchanged. After the closing bell, all eyes will turn to Yahoo! Inc. (YHOO) which is set to report earnings later Wednesday. Just before noon, internet.com’s Internet […]

Investors were driving Internets higher across the board Tuesday in an apparent show of confidence that any Federal Reserve action has been factored into the markets. The Federal Reserve’s open market committee meets this afternoon and is set to make an announcement on interest rates shortly after 2 p.m. Eastern. The general consensus is the […]

O’Reilly Software will demonstrate Host Master, a new companion to WebBoard, the company’s award-winning Internet bulletin board/discussion software this week at Fall Internet World ’99 in New York. Host Master enables “power” administration of WebBoard sites, with the easy setup and management of multiple domains, boards, conferences and users. O’Reilly believes that Host Master’s data […]

Blue chips and techs outpowered Internet shares as investors seemed confident the Federal Reserve won’t hike interest rates for the third time in three meetings when the board convenes on Tuesday. internet.com’s Internet Stock Index closed up 2.06, or .39 percent to 527.71, the Nasdaq Composite climbed 59.12 to 2,795.97 and the Dow Jones industrial […]

A number of deals involving leading industry players was helping drive Internet stocks higher in midday trading Monday in advance of Tuesday’s much-anticipated meeting of the Federal Reserve’s open market committee. Just before noon, internet.com’s Internet Stock Index was up 1.96, or .37 percent, to 527.61, the Nasdaq Composite had climbed 33.78 to 2,770.63 and […]

Billionaire Paul Allen’s Vulcan Ventures Inc. Monday invested $1.65 billion in RCN Corp., an upstart telecommunications and Internet firm which is rapidly expanding on the East Coast. Allen is acquiring a 21.8 percent stake in addition to the 4.9 percent he already owns, bringing his total interest to 26.7 percent. RCN plans to use the […]

In an effort to target the exploding wireless device market, Amazon.com Inc. Monday launched Amazon.com Anywhere, a new initiative that allows consumers to shop and check status of auctions using wireless devices. As part of the initiative, Amazon.com (AMZN) acquired Convergence Corp. for $20 million in stock. The privately-held company markets software that supports Internet […]