Cyrus Afzali

Internet stocks rebounded solidly after the Federal Reserve’s decision on short-term interest rates. The Federal Reserve raised the short-term rate by a quarter point to 5 percent. More importantly, however, investors cheered news that the board’s governors adopted a neutral bias. That means no additional rate hikes are imminent. internet.com’s Internet Stock Index zoomed up […]

Internet stocks and all major U.S. indices were trading quietly in mid-session Wednesday as investors seemed to be pausing in advance of the Federal Reserve’s decision on interest rates due out shortly after 2 p.m. Eastern. internet.com’s Internet Stock Index was up 3.98, or .76 percent, to 526.25, the Nasdaq Composite had shed 14.08 to […]

Intuit Inc. Wednesday unveiled a new online bill payment and presentment service for testing by consumers and merchants. The service, designed for both consumers and small businesses, allows users to receive, view, pay and record bills using a Web-based interface. It will be available to all consumers later this year. The program gives consumers a […]

Internet shares posted healthy gains Tuesday in advance of Wednesday’s decision on interest rates. Analysts say investors appeared to be buying on positive news since the markets have already absorbed the impact of higher interest rates. internet.com’s Internet Stock Index jumped 16.33, or 3.29 percent, to 522.27, the Nasdaq Composite gained 33.09 to 2,635.53 and […]

Shares of CMGI Inc. had climbed almost 9 percent by midday Tuesday after the company inked a deal to take control of AltaVista from Compaq Computer Corp. Just before noon, internet.com’s Internet Stock Index was up 10.16 to 515.80, the Nasdaq Composite was up 11.12 to 2,613.56 and the Dow Jones industrial average had added […]

Many Web developers are angrily protesting revisions in Yahoo!-GeoCities terms of service. The changes, announced June 25, give the company a license to use a GeoCities member’s content in any way it wishes and give Yahoo!-GeoCities irrevocable rights to the work. That means developers are excluded from receiving any royalties resulting from profits Yahoo!-GeoCities may […]

Following days of rumors and confirmation by the companies last week of discussions, CMGI Inc. Tuesday purchased 83 percent of search engine AltaVista from Compaq Computer Corp. for $2.3 billion in cash and stock. The deal will make Compaq CMGI’s largest outside shareholder with a 16.4 percent stake. AltaVista will give CMGI a well-known property […]

Intel Corp. Monday rolled out a new program that aims to turn Internet service providers into resellers of its products and services. The Intel ISP Program will deliver server and networking equipment to Internet providers and application service providers as well as computer makers and resellers. Those partners will then sell these offerings to their […]

Internet stocks staged a turnaround late in the session Monday as falling bond yields kept the sector afloat, prompting investors to come back to the stock market ahead of this week’s key Federal Reserve meetings. Volume was once again extremely light with the New York stock exchange and the Nasdaq reporting their second-lightest day of […]

Microsoft Corp. Monday signed a two-year agreement with Centraal Corp. to incorporate Centraal’s RealNames Web navigation service into its MSN Search product. In addition to MSN Search, the technology will also be included in AutoSearch, search technology integrated into Internet Explorer 5. The search integration will be complete at the end of the third quarter. […]

Investors were coming back into blue chips Monday as fears over inflation were eased by falling bond yields. However, Internet stocks weren’t as lucky as the sector had slumped in midday trading. Just before midday, internet.com’s Internet Stock Index was off 6.74, or 1.37 percent, to 484.07, the Dow Jones industrial average had climbed 118.42 […]

The California Public Utilities Commission this week ruled Pacific Bell must continue paying competitors who handle its local customers’ calls to Internet service providers. By a 3-to-2 vote late Thursday, the commission stayed the fees between Pacific Bell and Pac-West Telecom. The board said it may consider the issue again in the future, however. California’s […]