Cyrus Afzali

The Internet Corp. for Assigned Names and Numbers Wednesday will announce the five companies that will participate in a test of the new competitive Shared Registry System for .com, .net and .org domains. The announcement is scheduled for 10 a.m. Eastern in Washington, D.C. While word of the announcement clearly sends a signal that the […]

Internet stocks ended mixed Friday as earnings concerns weighed on some famous names while smaller players posted healthy gains and the Dow Jones industrial average set its fifth straight record. Internet.com’s Internet Stock Index closed down 7.53, or 1.21 percent, to 613.65 while the Dow Jones industrial average gained 30.89 to 10,493.61 and the Nasdaq […]

While many technology stocks recouped earlier losses and ended higher Thursday, Internet stocks lacked their luster and ended the day lower. Internet.com’s Internet Stock Index finished down 7.80, or 1.24 percent, to 620.96 while the Nasdaq Composite closed up 14.76 to 2,522.04 and the Dow Jones industrial average set another record, closing up 51.06 to […]

Internet stocks had some wind knocked out of their sails Wednesday as several leading companies failed to meet earnings expectations. Internet.com’s Internet Stock Index plunged 67.61, or 9.71 percent, to 628.76 and the Nasdaq dropped 76.22 to 2,507.28. The Dow Jones industrial average continued its winning ways, adding 16.65 to close at 10,411.66 to set […]

While Internet stocks traded in a sideways fashion most of Tuesday, Internet brokers and banks wowed Wall Street with strong gains. Internet.com’s Internet Stock Index gained 7.09, or 1.03 percent, to 696.31 while the Nasdaq Composite lost 15.33 to end at 2,583.48 and the Dow Jones industrial average climbed 55.50 to 10,395.01. One of the […]

Swedish telecommunications company LM Ericsson Tuesday made two acquisitions to broaden its Internet telephony and IP network offerings. The company purchased Torrent Technologies Corp. which supplies high-capacity routers, for $450 million in cash. The acquisition will give Ericsson a new line of equipment to deliver IP traffic, giving it the ability to deliver end-to-end IP […]

Real Networks Inc. Tuesday purchased privately-held Xing Technology Corp., one of the first companies to develop MP3 software. The deal comes one day after IBM Corp. announced it was teaming up with Real to develop applications that will enable consumers to take advantage of growth in the Internet music market and go head-to-head with the […]

A series of deals helped Internet stocks post gains Monday as all the major indices set new records, shrugging off an earnings warning from Compaq Computer Corp., issued late Friday. Internet.com’s Internet Stock Index climbed 41.38, or 6.37 percent, to 690.57, the Nasdaq Composite added 5.69 to 2,598.74 and the Dow Jones industrial average jumped […]

Following widespread speculation of plans to expand its new media efforts, CBS Corp. Monday announced plans to invest in two leading Internet e-commerce companies. CBS will form a new venture with Big Entertainment Inc. that will take control of hollywood.com, a Web site focusing on movie news. CBS has committed $100 million to promote the […]

RealNetworks Inc. and IBM Corp. Monday announced they are partnering to develop applications that will enable consumers to take advantage of growth in the Internet music market and go head-to-head with the popular MP3 format. IBM and RealNetworks will integrate Real’s client technology and encoding tools into IBM’s Electronic Music Management System, which allows music […]

In what was an otherwise generally quiet day Friday, investors eagerly snapped up three Internet IPOs proving that at least for the short-term stocks in the sector are still a hot commodity. USinternetworking Inc. (USIX) soared 36-1/2 to 57-1/2 after trading as high at 60 on their first day. The company allows businesses to use […]

IBM Corp. Friday became the latest personal computer maker to announce plans to sell its entire product line over the Internet. The company is targeting Dell Computer Corp., Gateway Inc. and Compaq Computer Corp., which itself is a relative latecomer to the Internet. Dubbed Project Odyssey, IBM will concentrate on small businesses and consumers in […]