Cyrus Afzali

Stocks in the Internet sector ended the day mixed following a session that saw a slew of deals and another wildly successful initial public offering. internet.com’s Internet Stock Index ended up 2.12, or .39 percent, to 551.42, the Nasdaq Composite was off 12.25 to 2,778.19 and the Dow Jones industrial average slumped 25.96 to 11,175.02 […]

Wall Street was digesting a slew of deals in the Internet sector Tuesday as investors were bidding up China.com shortly after its debut. Just before noon, internet.com’s Internet Stock Index was down 3.43, or .62 percent, to 545.87, the Nasdaq Composite was off 20.77 to 2,769.67 and the Dow Jones industrial average had slumped 76.62 […]

Excite@Home Tuesday acquired e-commerce solutions provider iMALL Inc. for $425 million and announced a partnership with First Data Corp. Excite@Home will issue approximately 8.3 million shares in exchange for all outstanding iMALL options and warrants. iMALL shareholders will receive .46 shares of Excite@Home for each of their shares. The deal, which still must be approved […]

Shares of Infoseek Corp. tumbled 11 percent on news that Walt Disney Co. will merge Infoseek with its Buena Vista Internet Group. Elsewhere, Internet stocks slumped across the board ahead of earnings reports which will begin to roll out later this week. internet.com’s Internet Stock Index ended off 20.42, or 3.58 percent, to 549.36 and […]

Shares of Infoseek Corp. were among several Internet issues trading lower at midday Monday. Infoseek shares were slumping on news that Walt Disney Co. will merge Infoseek with its Buena Vista Internet Group. Just after noon, internet.com’s Internet Stock Index was off 11.27, or 1.98 percent, to 558.45, the Nasdaq Composite was off 1.80 to […]

Taking a page from Amazon.com’s play book, eToys Inc. Monday announced plans to add books to its product lineup. The move is the latest by the company to expand beyond children’s toys. Like other leading Internet retailers, eToys has continually expanded its product lineup. The company launched by offering children’s toys. It then expanded to […]

The Walt Disney Co. Monday unveiled plans to merge its Buena Vista Internet Group with Infoseek Corp. Disney, which already owns about 42 percent of Infoseek, will increase its stake to about 72 percent. Disney’s Internet holdings will also trade separately on the New York Stock Exchange. Disney has already placed its Internet assets into […]

Internet stocks finished the week in the plus column Friday ahead of the long holiday weekend and on the heels of the latest quarterly results from one of the sector’s leaders. Investors also sent two leading market indices into record territory. internet.com’s Internet Stock Index ended up 9.29, or 1.67 percent, to 564.95, the Nasdaq […]

Streaming media pioneer Real Networks Inc. climbed for a second day Friday as investors continue to bid up the stock following its pact with Microsoft’s WebTV Networks. Just before noon, internet.com’s Internet Stock Index was up 2.42, or .44 percent, to 558.08, the Nasdaq Composite was up 20.04 to 2,726.22 and the Dow Jones industrial […]

Strong economic numbers drew investors back to Internet stocks Thursday in advance of Friday’s job numbers. The day’s initial public offerings also did well, with search engine AskJeeves.com soaring more than four-fold. internet.com’s Internet Stock Index gained 1.51, or .27 percent, to 555.66, the Nasdaq Composite rose 20.11 to a record 2,706.23 and the Dow […]

Marketing deals and acquisitions from Internet leaders were getting a positive reception on Wall Street Thursday, leading the sector higher. Just before noon, internet.com’s Internet Stock Index was up 7.61, or 1.32 percent, to 561.45, the Nasdaq Composite had risen 11.98 to 2,698.10 and the Dow Jones industrial average had added 25.65 to 10,996.45. Yahoo! […]

Go2Net Inc. Thursday acquired Authorize.Net Corp., a payment authorization service for online businesses, for $90.5 million in cash and stock. Go2Net will pay $77 million in stock and $13.5 million in cash. The purchase price may be increased if Authorize.Net’s revenues meet unspecified targets over the next two years. Go2Net said the buy will provide […]