Cyrus Afzali

After getting stained with a lot of red ink last week, Internet issues Monday were trying to mount a comeback but weren’t having much luck. Just before noon, internet.com’s Internet Stock Index was up only 0.19, or .05 percent, to 420.85, the Dow Jones industrial average had climbed 31.67 to 10,745.70 and the Nasdaq Composite […]

Two companies planning to provide electronic postage services Monday won final certification from the U.S. Postal Service and will soon learn whether consumers will be willing to head to the Internet to avoid standing in lines. Stamps.com Inc., E-Stamp Corp. Monday announced plans for a nationwide rollout of their Internet-based postage services. News of the […]

Another outage by online auctioneer eBay combined with a stronger-than-expected employment report caused Internet stocks to turn south in afternoon trading and erase all the day’s gains. internet.com’s Internet Stock Index tumbled 12.91, or 2.98 percent, to 420.66, the Nasdaq Composite lost 17.86 to 2,547.97 and the Dow Jones industrial average slumped 79.79 to 10,714.03. […]

Shares of eBay were taking a hit Friday afternoon as the online auctioneer was weathering yet another in a series of outages. Reports of the outage began surfacing Friday morning and eBay confirmed the outage Friday afternoon. The company said the site had been down since 7:30 a.m. Eastern, although it had not identified the […]

Bullish comments from several well-known Internet analysts were helping to drive the sector higher in midday trading Friday. Just before noon, internet.com’s Internet Stock Index rose 4.55, or 1.05 percent, to 438.12, the Nasdaq Composite was up 3.69 to 2,569.52 and the Dow Jones industrial average had slumped 42.11 to 10,751.71. Yahoo! Inc. (YHOO) was […]

Internet investors finally saw a glimpse of sunshine Thursday as Internet stocks mounted a strong rally in the afternoon to erase heavy morning losses. This came despite the fact that Merrill Lynch’s Henry Blodget late Wednesday predicted that 75 percent of the companies in the Internet sector will either be snapped up or fail. Blodget […]

Internet investors finally saw a glimpse of sunshine Thursday as many of the stocks that have been hardest hit began mounting a rally. This came despite the fact that Merrill Lynch’s Henry Blodget late Wednesday predicted that 75 percent of the companies in the Internet sector will either be snapped up or fail. Blodget became […]

Internet stocks took a dive Wednesday as the technology sector suffered another widespread sell-off and the blue chips gave back all their gains. internet.com’s Internet Stock Index plunged 22.48, or 5.26 percent, to 405.13 and the Nasdaq Composite fell 48.02 to 2,539.97 and the Dow Jones industrial average lost 2.54 to 10,674.77 after being up […]

Internet stocks continued to slide in midday trading Wednesday during a session marked by red ink across the board. Just before noon, internet.com’s Internet Stock Index was off 14.12, or 3.30 percent, to 413.39 and the Nasdaq Composite had fallen 13.82 to 2,574.17. The Dow Jones industrial average had jumped 88.96 to 10,766.27, largely due […]

Just days after canceling its free Internet access deal with low-cost PC maker Microworkz, EarthLink Network Inc. filed a lawsuit against the company for allegedly violating a distribution agreement. EarthLink late Monday announced it filed a lawsuit against Microworkz last Friday for failing to pay money it was owed under a deal that gave Microworkz […]

Internet stocks were the victim of a broad sell-off that started after a negative report on Internet brokers was released and lasted throughout the session, claiming the day’s IPOs as victims. internet.com’s Internet Stock Index plunged 21.15, or 4.71 percent, to 427.61 and the Nasdaq Composite fell 35.63 to 2,588.00. The Dow Jones industrial average […]

Shares of online brokerages were caught in a nosedive in midday trading Tuesday following a report that trading volume declined for the first time ever in the second quarter due in part to a decline in Internet stocks. Things weren’t any better throughout the sector as Internets across the board were drowing in a sea […]