Cyrus Afzali

Bad news from CMGI Inc. and online auctioneer eBay Inc. was helping send Internet issues lower in mid-day trading Friday. Action in all the major indices was calm, a condition analysts attributed to strong May retail sales figures. Just before noon, internet.com’s Internet Stock Index was off 10.46, or 2.10 percent, to 488.23, the Dow […]

Kansas officials have filed five lawsuits against a variety of companies and individuals for illegally selling drugs over the Internet. The state is suing seven companies, six doctors and four individuals. Kansas officials say Home Prescription Services Inc., Confirmed LLC, Focus Medical Group Inc., Senior Care Pharmacy and Viapro Inc. illegally sold prescription drugs, some […]

Shares of domain registrar Network Solutions Inc. climbed almost 10 percent Thursday as Internet issues ended mixed in a session where equities were sent tumbling as investors took a “flight to quality.” Bond yields were driven up in advance of key economic reports due out Friday that should help shed light on whether higher interest […]

Rising bond yields caused stocks to slump across the board Thursday ahead of key economic reports due out Friday that should help shed light on whether higher interest rates are on the horizon. Just before midday, internet.com’s Internet Stock index was off 10.23, or 2.03 percent, to 494.83, the Nasdaq was off 30.79 to 2,488.56 […]

Hollywood agent Michael Ovitz and Yucaipa Cos. Thursday made their third Internet buy in less than a month, taking control of Scour.Net, a Web site which searches multimedia content on the Internet. Scour.Net was started in 1997 by five computer science students at UCLA. Terms weren’t disclosed, but The Wall Street Journal reported a recent […]

Shares of Internet credit card issuer NextCard Inc. were Wednesday’s big winner, soaring after three leading sector analysts upgraded the stock. internet.com’s Internet Stock Index gained 6.88, or 1.38 percent, to 505.06 and the Nasdaq Composite gained 42.03 to 2,516.59. Interest rate worries continued to take a toll on the Dow Jones industrial average, sending […]

Internet issues had posted a small gain by midday Wednesday, although the group couldn’t match gains by the broader Nasdaq index which was being helped by moves in the chip sector. Just after midday, internet.com’s Internet Stock Index was up 3.93, or .79 percent, to 502.11, the Nasdaq Composite was up 26.10 to 2,500.66 and […]

IBM Corp. Wednesday made a move to expand its increasing electronic commerce business — this time by targeting small companies. IBM Wednesday acquired Whistle Communications Inc., which specializes in making it easy for small businesses to easily set up transaction Web sites and other Internet services. IBM plans to incorporate Whistle’s “thin server” product with […]

Infoseek shares zoomed up Tuesday, providing one of the few positive moves in a day that saw much lower than normal volume across all major indexes. A wave of selling swept across Internet stocks late in the day that clipped the wings of the few strong gainers, although most managed to end in positive territory. […]

Shares of Infoseek Corp. were surging in midday trading after Walt Disney Co. confirmed it is in talks to buy the 57 percent of the search engine it doesn’t already own. Just before noon, internet.com’s Internet Stock Index was up 3.06, or .60 percent, to 514.85, the Dow Jones industrial average was down 70.29 to […]

A number of upgrades by influential Internet analysts helped propel Internet stocks Monday as a number of issues reversed course to turn midday red ink to gains by the closing bell. internet.com’s Internet Stock Index jumped 25.21, or 5.18 percent, to 511.79, the Nasdaq Composite climbed 45.80 to 2,524.14 and the Dow Jones industrial average […]

Cable Internet provider @Home Corp. was continuing to take it on the chin in mid-session trading Monday following a ruling that will force the company to open its high-speed network to competitors in Portland, Ore. Just after noon, internet.com’s Internet Stock Index was up 11.53, or 2.37 percent, to 498.11, the Dow Jones industrial average […]