Cyrus Afzali

Cisco Systems Inc. and Qwest Communications International Inc. want more of the nation’s voice and data traffic to move from legacy circuit-switched networks to Internet Protocol networks. The two on Thursday extended an existing alliance to develop applications and market Internet services for Qwest’s high-speed, IP-based network now under construction. Both companies will develop data, […]

A better-than-expected consumer price index report lifted stocks higher across the board Wednesday, leaving Internet shares big beneficiaries. The tech-heavy Nasdaq Composite also posted its largest one-day gain ever. internet.com’s Internet Stock Index shot up 45.66, or 10.56 percent, to 477.90, the Nasdaq Composite soared 103.18 to 2,517.85 and the Dow Jones industrial average gained […]

A better-than-expected consumer price index report was lifting stocks higher across the board Wednesday, leaving Internet shares big beneficiaries. Just before noon, internet.com’s Internet Stock Index was up 39.31, or 9.23 percent, to 472.15, the Nasdaq Composite had surged 86.55 to 2,501.22 and the Dow Jones industrial average had climbed 169.39 to 10,764.38. Markets were […]

Vulcan Ventures, the investment arm of Microsoft Corp. co-founder Paul Allen, Wednesday announced plans to invest up to $100 million in Oxygen Media. Oxygen Media is developing programming for women that will air on a cable television channel now in development as well as the Internet. In addition to the investment, Allen’s Charter Communications cable […]

After posting several big declines over the past few days, Internet shares ended mixed Tuesday. Some managed to recover much of Monday’s losses while others gave back all of the gains achieved earlier in the session. internet.com’s Internet Stock Index gained13.51, or 3.23 percent, to 432.24, the Nasdaq Composite climbed 16.37 to 2,414.68 and the […]

After posting several big declines over the past few days, Internet shares rebounded Tuesday to add stability to the often volatile sector. Just before midday, internet.com’s Internet Stock Index was up 12.84, or 3.07 percent, to 431.57, the Nasdaq Composite had gained 23.25 to 2,421.66 and the Dow Jones industrial average added 89.60 to 10,652.93. […]

NBC Tuesday agreed to invest another $25 million in online community Xoom.com Inc. and plans to speed its $30 million investment into the pending NBC Internet venture, known as NBCi. NBC’s shares were purchased at an average price of $57.30 a share, well above Monday’s closing price of 43-5/8. “NBC’s $55 million investment demonstrates our […]

Inktomi Corp. Tuesday unveiled a new directory engine that uses advanced technology to generate more accurate search results. The Inktomi Directory Engine leverages human intelligence to categorize millions of documents within an automated Web directory. It also allows portals to integrate their own content with the ability to conduct advanced searches and do comparison shopping. […]

Investors sent Internet stocks reeling Monday, leaving behind a sea of red ink as the number of losers far outpaced the few gainers. Analysts attributed the move to the fact that many investors are waiting for the Consumer Price Index report due out later this week, although some also said the selling in the sector […]

Shares of online auctioneer eBay were in a steep decline in mid-day trading as the company continued to experience fallout from the latest in a recent series of outages. Many other Internet issues were also in the red as investors continue to wait for this week’s economic news before jumping back into the sector. Just […]

In a move they hope will finally help electronic cash take off, several leading Internet retailers Monday got behind a new universal format for digital wallets. America Online Inc., American Express, Compaq Computer Corp., CyberCash, IBM Corp., MasterCard, Microsoft Corp., SETCo, Sun Microsystems, Transactor Networks and Visa USA all announced support for Electronic Commerce Modeling […]

Higher bond yields combined with a dose of bad news from two sector leaders led to a rough reception for Internet stocks Friday as some shed almost 10 percent. internet.com’s Internet Stock Index tumbled 26.62, or 5.34 percent, to 472.07, the Nasdaq Composite shed 36.50 to 2,448.12 and the Dow Jones industrial average lost 130.76 […]