Cyrus Afzali

After inflation fears drove down Internet stocks more than 30 points by mid-day, buyers came back into the market and drove the sector back into positive territory. The Dow Jones industrial average finished off 59.85 to 10,853.47 after being down more than 150 points. The Nasdaq closed up 33.72 to 2,561.58, erasing a loss of […]

Financial software company Intuit Inc. Monday made a $50 million investment in Security First Technologies, the firm behind the nation’s first Internet-based bank. The deal gives Security First Technologies access to Intuit’s financial management software and financial tools, including income tax preparation software and electronic filing capabilities. “This alliance accelerates our delivery of complete financial […]

Buyers of Internet stocks who showed up just after Monday’s opening bell were quickly chased away by continuing fears the Federal Reserve will raise interest rates when it convenes on Tuesday. Just before noon, the Dow Jones industrial average was off 151.49 to 10,761.83, the Nasdaq down 31.25 to 2,496.61 and Internet.com’s Internet Stock Index […]

Monday’s $37 billion merger between U S WEST and Global Crossing Ltd. will create a competitor on the high-speed Internet access scene by giving 25 million customers in the United States access to high-speed Internet and other communications services. The new company, to be called Global Crossing Corp., will be owned equally by current shareholders […]

Stocks were sent lower across the board Friday after inflation fears were ignited after the latest consumer price index data suggested higher interest rates could be on the horizon. Internet.com’s Internet Stock Index lost 14.33, or 2.44 percent, to 564.39, the Dow Jones industrial average lost 193.87 to 10,913.32 and the Nasdaq Composite lost 54.13 […]

Internet stocks ended Thursday mixed although the IPO train continued to roll forward with another successful debut and blue chips managed to set a new record. Internet.com’s Internet Stock Index lost 16.89, or 2.84 percent, to 578.52, the Nasdaq Composite lost 24.46 to 2,582.08 and the Dow Jones industrial average gained 106.82 to a record […]

Fans of online auctions will no longer have to access a computer to bid on items or check the status of an existing bid thanks to a partnership sealed Thursday between eBay Inc. and SkyTel Communications Inc. The two are joining forces to create a wireless service that will allow eBay users to receive auction […]

Computer maker Gateway Thursday announced it was taking a $200 million stake in Internet incubator CMGI Inc. as part of a broader strategic alliance that calls for the two to collaborate on business and investment opportunities on the Internet. The companies said the alliance will enhance Gateway’s Internet and e-commerce initiatives and expand the line […]

Although it had been expected for months, the resignation of Treasury Secretary Robert Rubin Wednesday sent Internet stocks and all major U.S. market indices into a brief tailspin. After being down more than 200 points after the announcement, the Dow Jones industrial average recovered to close down only 25.78 to 11,000.37, the Nasdaq Composite gained […]

Announcements from America Online Inc. and Yahoo! Inc. sent Internet stocks higher across the board Tuesday. Internet IPOs also remained hot as financial publication TheStreet.com Inc. made a solid debut. Also, CNBC reported after the bell that the proposed merger between Lycos and USA Networks was off. Internet.com’s Internet Stock Index jumped 19.69, or 3.44 […]

Vignette Corp. Tuesday acquired Diffusion Inc., a provider of information delivery solutions, in an effort to strengthen its Internet relationship management offerings and broaden the capabilities of its StoryServer product. Vignette said the acquisition will allow companies to exchange information with their customers through a variety of media, including Web, e-mail, fax telephone and pager. […]

Big-cap Internet stocks were driven higher Monday in a session dominated by a big announcement from General Electric Co. and Xoom.com Inc. Internet.com’s Internet Stock Index gained 28.79, or 5.29 percent, to 573.02, the Nasdaq Composite gained 22.78 to 2,526.40 and the Dow Jones industrial average shed 24.63 to 11,006.96. CNET Inc. (CNET) shares soared […]