Cyrus Afzali

Media Metrix reported Tuesday Internet usage climbed dramatically over the past year, as the total number of Web site visitors, pages viewed and number of hours spent online all increased. The number of individuals who used the Internet at home and the office grew to 61.9 million at the end of May compared to 53.9 […]

A congressional committee charged with making recommendations on how taxes should be applied to Internet commerce got off to a slow start Monday as members were unable to reach a consensus on how to fund the group’s operations. When Congress created the group last year to study Internet taxation and related issues, it did not […]

Internet stocks had a strong showing Monday thanks to a wave of news from leading Internet portals and and a high-speed pact between America Online Inc. and Hughes Electronics. internet.com’s Internet Stock Index jumped 29.30, or 5.93 percent, to 523.17, the Nasdaq Composite soared 66.84 to 2,630.28 and the Dow Jones industrial average shed 39.58 […]

In a move to offer a new avenue of high-speed access to its members and increase the presence of its interactive television unit, America Online Inc. Monday invested $1.5 billion in Hughes Electronics Corp. The companies said the alliance will accelerate subscriber growth for Hughes’ DIRECTV satellite television unit and its DirectPC satellite-based broadband Internet […]

News from many of the leading Internet portals was sending their shares higher in what is shaping out to be another good day for the sector. Just after noon, internet.com’s Internet Stock Index was up 14.14, or 2.86 percent, to 508.01, the Nasdaq Composite was up 28.17 to 2,591.61 and the Dow Jones industrial average […]

Phoenix Technologies Ltd., a maker of system software used in many personal computers, Monday formed a new Internet subsidiary in partnership with Softbank Holdings. Dubbed ebetween, Phoenix said the new unit will allow Internet service providers and content producers to promote goods and services to consumers. The company has signed deals with a variety of […]

Priceline.com Inc. this week became the latest Internet play to lure an executive from corporate America. The company late Thursday named Daniel Schulman as its new president and chief operating officer. Schulman comes to Priceline.com from AT&T Corp. where he was president of its consumer markets division. Schulman will report to Richard Braddock, Priceline.com’s chairman […]

Search engine GoTo.com was the standout performer Friday in a session filled with Internet initial public offerings. The rest of the indices were left largely unaffected by triple witching, when futures and stock options expire on the same day, although the New York Stock Exchange had its busiest first hour ever. internet.com’s Internet Stock Index […]

Internet stocks were managing to hold onto gains in mid-session Friday outpacing the broader indices which were all lower. Just before midday, internet.com’s Internet Stock Index was up 4.27, or .88 percent, to 489.90, the Nasdaq Composite had shed 2.41 to 2,541.74 and the Dow Jones industrial average was off 16.15 to 10,825.48. GoTo.com (GOTO) […]

Internet issues moved higher Thursday despite some hints from Federal Reserve Chairman Alan Greenspan that a small interest rate hike is in the cards. Economists are generally expecting a hike of about one-quarter percent. Many Internet analysts are downplaying the move, saying it’s already been factored into the sector. Mary Meeker, Internet analyst at Morgan […]

Internet issues moved higher Thursday despite some hints from Federal Reserve Chairman Alan Greenspan that a small interest rate hike is in the cards. Many economists are expecting a hike of about one-quarter percent. Many Internet analysts are downplaying the move, saying it’s already been factored into the sector. Just before noon, internet.com’s Internet Stock […]

XOOM.com Inc. Thursday purchased Paralogic Software Corp., whose offerings include technology to create and support online communities, for $34 million in stock. XOOM said Anexa.com, Paralogic’s online community service, will enhance its own community offerings by giving XOOM.com members the ability to create clubs and communities that include chat, message boards and other features. Users […]