Cyrus Afzali

As the commission appointed by Congress to examine the future direction of Internet taxation reconvenes Tuesday in Washington, D.C., a new survey shows Internet users still oppose a sales tax on goods bought and sold over the network. The latest survey of 1,000 U.S. active, adult Internet users was conducted jointly by @plan and the […]

The good news of Friday didn’t carry over into the new week, as a negative report on America Online combined with a decline in the dollar compared to the Japanese yen caused the ISDEX to dive more than 4 percent. internet.com’s Internet Stock Index lost 22.03, or 4.26 percent, to 495.53, the Nasdaq Composite lost […]

Internet stocks were lower in midday trading Monday due in part to a negative article on sector leader America Online. Just before noon, internet.com’s Internet Stock Index was off 10.98, or 2.12 percent, to 506.58, the Nasdaq Composite had slipped 22.92 to 2,864.14 and the Dow Jones industrial average was off 23.12 to 11,005.31. America […]

Internet shares had posted solid gains by midday on the heels of a lower than expected climb in the core producer price index. Shares were also benefitting from another positive outlook from BancBoston Robertson Stephens’ Keith Benjamin who continues to be bullish on the sector. Just before noon, internet.com’s Internet Stock Index had climbed 13.11, […]

Internet stocks were turning in a strong showing in midday trading Thursday thanks to a slew of rating upgrades. Just before noon, internet.com’s Internet Stock Index was up 4.96, or 1.01 percent, to 495.59, the Nasdaq Composite had jumped 28.25 to 2,836.99 and the Dow Jones industrial average had climbed 20.26 to 11,056.60. Most of […]

After starting the session in negative territory, stocks were mounting a turnaround in mid-session Wednesday after word surfaced that Federal Reserve Chairman Alan Greenspan would not be discussing interest rates during a speech that started around noon. Just before noon, internet.com’s Internet Stock Index was up 2.20, or .44 percent, to 502.23, the Nasdaq Composite […]

Shares of Digital Island Inc. had rocketed in midday trading on the heels of that company’s alliance with Inktomi Corp. and RealNetworks Inc. Just before noon, internet.com’s Internet Stock Index had inched up 2.65, or .53 percent, to 504.24, the Nasdaq Composite had climbed 8.09 to 2,851.20 and the Dow Jones industrial average had climbed […]

Media giants CBS Corp. and Viacom Inc. Tuesday announced they were merging in a blockbuster $34.86 billion deal that will bring a growing number of Internet properties together with television and film assets. CBS (CBS) shareholders will receive 1.085 Viacom (VIA) Class B shares for each share they own. The deal values CBS at $48.89 […]

A better-than-expected August jobs report was sending stocks soaring across the board Friday in advance of the Labor Day weekend. The Labor Department reported Friday that non-farm payrolls rose 124,000 and the unemployment rate remained at 4.2 percent. The payroll jump was substantially lower than the 215,000 economists were expecting, relieving inflation fears and possibly […]

Stocks were lower across the board in midday trading Thursday after a Federal Reserve official said it was “premature” to rule out another increase in short-term interest rates this year. In a wire service interview Thursday, Fed Governor Edward Kelley said the board will carefully examine productivity and wage data before deciding a future course […]

Juniper Networks Inc. was taking a toll on the ISDEX in midday trading Wednesday as its shares got pummeled following the announcement of a secondary offering. Just before noon, internet.com’s Internet Stock Index was off 3.54, or .73 percent, to 484.70, the Nasdaq Composite had climbed 25.94 to 2,765.29 and the Dow Jones industrial average […]

Internet stocks rallied to close higher after a morning slump, thanks in part to strength among online financial issues brought on by a bond market slump. internet.com’s Internet Stock Index rallied to close up 10.19, or 2.13 percent, to 488.24, the Nasdaq Composite added 26.65 to 2,739.34 and the Dow Jones industrial average lost 84.85 […]