Cyrus Afzali

Yahoo! Inc. Thursday made an acquisition designed to drive new Internet users straight to its content. The company puchased Encompass Inc., a maker of custom-designed software that enables new users to quickly sign up for Internet access. Yahoo! will pay $130 million for the company. Encompass’ software, which is shipped by PC or hardware manufacturers, […]

What started out as a stagnant day for Internet issues turned around in the afternoon as a new round of buyers came in which led to strong gains across the sector. However, analysts cautioned that investors could still see volatility over the short term. Influential Internet analyst Mary Meeker of Morgan Stanley Dean Witter, started […]

Shares of Internet companies were largely stagnant in mid-day trading Tuesday as issues were being left behind by blue chips. Even a portion of the day’s IPOs were being met with a rough reception. Just after noon, the Dow Jones industrial average was up 67.54 to 10,598.63, the Nasdaq Composite had gained 2.71 to 2,383.61 […]

The Internet Corp. for Assigned Names and Numbers has certified another eight applicants to register .com, .net and .edu domains once the testing phase of the new registration system is complete. The new participants, named late Tuesday, are ABACUS America Inc., Advanced Systems Consulting Inc., CASDNS Inc., Domain Bank Inc., Marvin Enterprises Inc./Global Knowledge Group, […]

AT&T Corp. Wednesday joined with a number of leading entertainment companies to launch a new secure music and media distribution system. AT&T is joining with BMG Entertainment, Matsushita Electric Industrial Co., whose products are marketed under the Panasonic brand, and Universal Music Group to develop and test Electronic Music Distribution. The companies said EMD will […]

Internet stocks never recovered from a selloff which began early in the day Tuesday and the situation got worse as the day progressed with few buyers coming into halt price declines. The Dow Jones industrial average lost 122.40 to 10,532.27, the Nasdaq Composite dropped 72.88 to 2,380.78 and internet.com’s Internet Stock Index plunged 35.82, or […]

Shares of many Internet companies were still trying to make a comeback in mid-day trading, although the sea of red was subsiding as several issues were in positive territory. The Dow Jones industrial average was up 61.06 to 10,715.73, the Nasdaq Composite was off 1.74 to 2,451.92 and internet.com’s Internet Stock Index had fallen 5.02, […]

Macromedia Inc. Tuesday unveiled Director 7.02 which adds support for streaming MP3 and QuickTime 4 video streaming. In addition, the new version contains support for additional standards and for Macromedia Flash 4. Director 7 is part of the Director 7 Shockwave Internet Studio, which allows designers to create multimedia for delivery on multiple platforms, including […]

Shares of Internet companies lost more ground Monday as fears of rising interest rates continue to drive investors from the sector. internet.com’s Internet Stock Index lost 40.24, or 7.31 percent, to 510.55, the Nasdaq Composite fell 66.50 to 2,453.64 and the Dow Jones industrial average shed 174.61 to 10,654.67. Amazon.com Inc. (AMZN) lost 11-1/16 to […]

Shares of Internet companies were falling again in mid-day trading Monday as fears of rising interest rates continue to drive investors from the sector. internet.com’s Internet Stock Index was off 37.29, or 6.77 percent, to 513.50, the Nasdaq Composite had fallen 60.04 to 2,460.10 and the Dow Jones industrial average had shed 84.65 to 10,744.63. […]

Electronic payment company CheckFree Corp. and Intuit Inc. Monday settled a lawsuit filed last March over alleged contract violations. Intuit, which owns a 19.9 percent stake in Checkfree, filed a lawsuit last March accusing the company of violating contract terms. Intuit said Checkfree violated a provision in the agreement that forbids Checkfree from offering products […]

Followers of Internet stocks had little to get excited about Friday, as issues continued this week’s trend of narrow-range trading. Internet.com’s Internet Stock Index lost 5.77, or 1.04 percent, to 550.79, the Nasdaq Composite dropped 21.44 to 2,520.79 and the Dow Jones industrial average shed 37.46 to 10,829.28. Investors sent shares of Priceline.com Inc. (PCLN) […]