Cyrus Afzali

Upgrades for several Internet leaders along with a report that Merrill Lynch will soon unveil a new unit trust of Internet stocks helped the sector gain late-day steam and power past blue chips. internet.com’s Internet Stock Index soared 26.67, or 5.41 percent, to 519.35, the Nasdaq Composite jumped 37.08 to 2,858.18 and the Dow Jones […]

Upgrades for several Internet leaders were helping send the sector higher in midday trading Wednesday as the ISDEX continued to break apart from the major indices. Observers say investors appear to be waiting until a new batch of economic news is released next week before putting money back into the market. Just before noon, internet.com’s […]

Cisco Systems Inc. continued its buying spree Wednesday by purchasing WebLine Communications, a provider of customer management software for e-commerce companies. Cisco (CSCO) will exchange $325 million in stock for all outstanding stock in WebLine. The deal is expected to close by the second quarter of next year. It has already been approved by the […]

While all the major indices had posted losses by midday trading Tuesday due to a widening U.S. trade deficit, Internets were defying the downward trend, propelling the ISDEX to a gain of about 1 percent just before noon Eastern. Just before noon, internet.com’s Internet Stock Index had climbed 5.00, or 1.01 percent, to 501.98, the […]

Internet incubator CMGI Inc. Monday added another familiar name to its growing list of Internet companies by snagging AdForce Inc. in a stock deal valued at $500 million. CMGI (CMGI) will give AdForce shareholders .262 shares of CMGI stock in a deal that values AdForce at about $21 a share. Earlier this year, AdForce was […]

There was little to get excited about at the midpoint of Monday’s trading, as volume was extremely low due in part to the Jewish holiday. Although the indexes were treading water, several stocks were posting nice gains following positive analyst comments. Just before noon, internet.com’s Internet Stock Index was off 3.53, or .71 percent, to […]

Internet investors finally had something to cheer about Friday as stocks ended higher across the board thanks to a wave of buying following steep sell-offs earlier in the week. internet.com’s Internet Stock Index rose 1.66, or .34 percent, to 495.39, the Nasdaq Composite jumped 62.91 to 2,869.63 and the Dow Jones industrial average climbed 66.17 […]

Shares of online auction leader eBay Inc. were off significantly in midday trading Friday, taking it on the chin after a group of technology leaders announced they were forming a competing auction network. Just after noon, internet.com’s Internet Stock Index had risen 3.95, or .80 percent, to 497.68, the Nasdaq Composite had jumped 38.58 to […]

Shares of Asian portal China.com Corp. staged a big recovery Thursday and was one of only a few Internet stocks on the upside in what was turning out to be another rough day for U.S. markets. Just after 11:30 a.m. Eastern, internet.com’s Internet Stock Index had fallen 14.45, or 2.89 percent, to 484.82, the Nasdaq […]

Inktomi Corp. Thursday acquired WebSpective Software, a provider of content distribution and tracking software for $106 million in stock. Inktomi (INKT) said the acquisition will expand the capabilities of its Traffic Server software by providing companies with one solution to manage Internet content distribution. Inktomi said the acquisition will also give it technologies that will […]

Shares of Internet stocks were slightly lower in midday trading Wednesday as investors were largely ignoring better-than-expected inflation data. Just after noon, internet.com’s Internet Stock Index was off .71, or .14 percent, to 506.35, the Nasdaq Composite was off 22.53 to 2,845.76 and the Dow Jones industrial average had climbed 13.20 to 10,923.63. The consumer […]

Internet shares were barely in positive territory in midday trading Tuesday as a stronger-than-expected August retail sales report renewed fears of higher interest rates, sending blue chips tumbling. internet.com’s Internet Stock Index was up .98, or .20 percent, to 496.51, the Nasdaq Composite was off 4.89 to 2,839.88 and the Dow Jones industrial average had […]