Cyrus Afzali

Internet stocks remained in sell-off mode Tuesday as investors continued voting for blue chips, helping the Dow post another triple-digit gain. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had lost 34.42, or 4.03 percent, to 819.29, the Nasdaq Composite had slumped 121.58 to 4,066.62 and the Dow Jones industrial average had gained 102.38 to […]

The money flow out of Internet and technology shares and into blue chip issues was reignited Monday as the Nasdaq Composite was giving back some of Friday’s impressive gains. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index was off 13.40, or 1.44 percent, to 918.84, the Nasdaq Composite had lost 45.25 to 4,401.20 and the […]

AudioBasket Wednesday launched a new service allowing Internet users to receive audio broadcasts of news and a variety of other information from several well-known content providers. At the heart of the company’s service, unveiled at Spring Internet World 2000, is a proprietary, Web-based application that helps users search content from partners and then have the […]

America Online Inc. Wednesday previewed the release of its Netscape 6 browser. The maker of the Web-browsing software at the center of the U.S. government’s antitrust case against Microsoft Corp. unveiled a leaner version of its programming code, reducing the overall size of the browser. As a part of the browser launch, America Online (AOL) […]

As widely expected, Microsoft Corp. was dealt a severe legal setback Monday in its ongoing antitrust battle with the federal government and 19 states. In his ruling issued late Monday, U.S. District Judge Thomas Penfield Jackson wrote Microsoft (MSFT) used its monopoly power to block rivals from marketing their own operating systems or emerging technologies, […]

Internet and technology shares were plunging in midday trading in large part due to Microsoft Corp.’s failure to settle its antitrust case. At noon Eastern, internet.com’s Internet Stock Index had dove 56.64, or 5.90 percent, to 903.59 and the Nasdaq Composite had plunged 242.49 to 4,330.34. Money continued to flow into blue chips, however, sending […]

Despite an intensive effort over the past few weeks between Microsoft Corp., the Justice Department and 19 states to settle a landmark antitrust lawsuit, the software giant said Saturday negotiations had proven unsuccessful. In a statement released Saturday afternoon, Richard Posner, chief judge of the U.S. Court of Appeals, said he had called off discussions. […]

More bad news emerged for Internet investors Friday as the sector was again hit hard due in part to negative news from two prominent names. At noon Eastern, internet.com’s Internet Stock Index had dove 44.97, or 4.74 percent, to 904.60, the Nasdaq Composite was off 47.66 to 4,410.23 and the Dow Jones industrial average had […]

Blue chips continued to steal the limelight from Internet and technology stocks Thursday as investors continued dumping the latter two groups amid continued warnings the sectors are overvalued. At 12:30 p.m. Eastern, internet.com’s Internet Stock Index had dove 38.07, or 3.85 percent, to 950.88 and the Nasdaq Composite had plunged 144.98 to 4,499.69. In contrast, […]

Internet stocks were caught in a downward spiral at midday Wednesday as most of the sector’s recent high fliers were getting clobbered due in large part to end of quarter selling. At 12:15 p.m. Eastern, internet.com’s Internet Stock Index had plunged 46.43, or 4.39 percent, to 1,010.24, the Nasdaq Composite had lost 136.58 to 4,697.31 […]

Internet stocks were slumping in midday trading Tuesday, in part due to comments from Abby Joseph Cohen of Goldman Sachs who recommended investors decrease their technology holdings. Cohen, who chair’s Goldman’s investment policy committee and has traditionally been one of Wall Street’s most bullish analysts, said she was cutting the percentage of equities in her […]

Internet stocks were trading mostly higher at midday Monday as investors were embracing a deal between an Internet software firm and pouring money into sector leaders. At noon Eastern, internet.com’s Internet Stock Index was up 12.45, or 1.15 percent, to 1,092.75, the Nasdaq Composite had climbed 31.85 to 4,994.88 and the Dow Jones industrial average […]