Cyrus Afzali

A slip in consumer confidence during August was sending stocks downward across the board Tuesday, including many in the Internet sector. Just after noon, internet.com’s Internet Stock Index had fallen 8.75, or 1.83 percent, to 469.30, the Nasdaq Composite was off 23.25 to 2,689.44 and the Dow Jones industrial average had slumped 69.02 to 10,845.11 […]

Wall Street reacted negatively to remarks late last week by Federal Reserve Chairman Alan Greenspan who hinted another rate hike may be in the offing when the board meets in October. That fear, combined with extremely light volume, helped send Internet stocks tumbling Monday. internet.com’s Internet Stock Index dove 23.70, or 4.72 percent, to 478.05, […]

Internet stocks were slumping in midday trading as volume continued to be extremely light, exaggerating selling occurring in the sector. One of the day’s standouts was Internet Capital Group (ICGE), which had soared 7-3/8 to 60-7/8. The company, which invests in Internet start-ups, was rated near-term “accumulate” by Merrill Lynch’s Henry Blodgett who initiated coverage […]

Downgrades on two Internet brokerages were leading Internet stocks lower in mid-session Friday although a leading sector analyst was urging investors to jump back in. Just before noon, internet.com’s Internet Stock Index was off 9.42, or 1.85 percent, to 499.35, the Nasdaq Composite had fallen 12.04 to 2,762.58 and the Dow Jones industrial average had […]

Internet stocks were sharply higher in midday trading Thursday as investors were taking money out of blue chips which have been on a torrid pace of late. Just before noon, internet.com’s Internet Stock Index was up 10.80, or 2.11 percent, to 523.43, the Nasdaq Composite had climbed 6.42 to 2,812.02 and the Dow Jones industrial […]

InfoImage Inc. Wednesday unveiled Freedom 1.5, the architecture that forms the base of its new corporate portal suite. InfoImage said the system gives companies increased intranet and extranet access to employees. It can support up to 500 concurrent users and enables multiple servers to work together to provide access to thousands of users both inside […]

Shares of most Internet issues broke apart from blue chips Wednesday as investors continued to be unfazed by Tuesday’s interest rate hike while bad news from the banking sector was spooking the Dow. Just before noon, internet.com’s Internet Stock Index had climbed 5.77, or 1.16 percent, to 501.34, the Nasdaq Composite was up 9.31 to […]

Internet stocks were on the rise in midday trading Tuesday in advance of the Federal Reserve’s decision on interest rates. The Federal Reserve is set to announce whether it will hike interest rates shortly after 2 p.m. Eastern time. Economists are generally expecting a quarter-point increase, although most feel that is already factored into the […]

NeoPlanet Inc. Monday released version 5.0 of its browser which incorprates support for the new Gecko layout engine that will form the base of Netscape Communications Corp.’s long-awaited Navigator update. In addition to a Web browser, the new version incorporates e-mail, instant messaging, chat and community features. NeoPlanet also announced several distribution deals with Lycos […]

Determined not to be intimidated by the likelihood of an interest rate hike, investors Monday were bidding up Internet issues on a series of positive developments. Just before noon, internet.com’s Internet Stock Index had jumped 17.41, or 3.67 percent, to 491.28, the Nasdaq Composite was up 42.05 to 2,690.38 and the Dow Jones industrial average […]

Internet stocks moved higher in midday trading as one leading Internet analyst was predicting a rush of money would again flow into the sector since recent price delines had made the issues more attractive. Just before noon, internet.com’s Internet Stock Index was up 6.19, or 1.34 percent, to 468.02, the Nasdaq Composite was up 14.40 […]

It’s only been available for about a month, but Microsoft Corp. is already rushing to repair a bug in its new instant messaging software. Microsoft Thursday confirmed a bug in its MSN Messenger could allow people who share computers to see and read e-mail sent with Microsoft’s Hotmail. The company said it learned of the […]