Cyrus Afzali

Former high-flyer Zap Corp., the Internet subsidiary of oil-drilling company Zapata Corp., has been hit with two class action shareholder lawsuits on the heels of its decision to cancel plans to snap up Internet properties. The two lawsuits were both filed earlier this week in U.S. District Court in Texas. The plaintiffs are seeking to […]

HotOffice Technologies Inc. Friday announced distribution deals with Internet provider ZipLink LLC and reseller The ASCII Group for its HotOfice Web-based intranet service. The product allows customers to instantly set up an intranet using any PC and a dial-up Internet connection. ZipLink will market and distribute a co-branded version of HotOffice to its customers, making […]

The leaders of the Internet Corporation for Assigned Names and Numbers will give the Internet community a chance to voice their opinions on how to make the transition to a privately-controlled domain name system at a public meeting in Cambridge, Mass. on Nov. 14. ICANN is the successor to the Internet Assigned Numbers Authority and […]

Internet service provider Verio Inc. plans to trim its payroll by 250 workers as part of a broad plan to consolidate a growing number of facilities gained through a recent acquisition spree. The announcement came late Tuesday when the company released its third-quarter earnings. Verio lost $33.6 million, or $1.03 a share, bringing its losses […]

The Securities and Exchange Commission Wednesday filed charges against 44 individuals the agency alleges issued fraudulent and misleading information about small, unknown companies over the Internet. The SEC said the individuals transmitted fraudulent information either through e-mail, in stock message boards or by publishing their own Web sites. Some of the Internet sites and operators […]

SoftArc Inc. Tuesday released the latest version of its FirstClass Intranet Server which for the first time bundles e-mail and Intranet functions. Among the capabilities in version 5.5 are conferencing and collaboration, message history tracking and real-time chat through a new Java client. System administrators can also assign different access levels for conferencing functions. Available […]

Diamond Multimedia Systems Inc. plans to ship its Rio PMP300 portable music player next month now that a federal judge has dismissed objections by two leading industry groups. The PMP 300 is a portable, digital music player that can store up to 60 minutes of digital audio or eight hours of speech downloaded from the […]

GeoCities announced today a business partnership with Yahoo! designed to increase traffic and expand the company’s Web-based services. Under the terms of the agreement, GeoCities reports that Yahoo! will purchase $5 million in equity of the company to be paid for with newly issued common stock. GeoCities will also become Yahoo!’s premier partner, offering registered […]