Cyrus Afzali

Internet stocks were off more than 2 percent in midday trading Monday as investors were digesting merger news from two big sector plays. Techs stocks as a whole were down in part due to a warning from Japanese officials who cautioned that nation’s economy had again soured. At noon Eastern, internet.com’s Internet Stock Index had […]

Technology and Internet stocks were slowing from the torrid pace set earlier this week in midday trading Friday. However, the Nasdaq remained above the 5,000 benchmark. At 11:50 a.m. Eastern, internet.com’s Internet Stock Index was up 1.12, or .11 percent, to 1,113.10, the Nasdaq Composite had gained 5.85 to 5,052.71 and the Dow Jones industrial […]

Wall Street was hosting a broad-based Internet rally Thursday as investors were flocking back to sector leaders that have been battered in recent sessions. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index was up 25.18, or 2.35 percent, to 1,094.85, the Nasdaq Composite was up 42.83 to 4,940.09 and the Dow Jones industrial average had […]

Blue chips, battered Tuesday by heavy losses from Proctor & Gamble, were regaining the spotlight Wednesday, advancing ahead of Internet and technology shares. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had fallen 16.47, or 1.56 percent, to 1,037.54, the Nasdaq Composite was off 51.86 to 4,795.98 and the Dow Jones industrial average had climbed […]

Business-to-business electronic commerce initiatives continued to grab the spotlight Wednesday with news that VerticalNet Inc. plans to acquire Tradeum Inc. VerticalNet, which operates a series of B2B trading communities, will issue about 2 million shares for all outstanding Tradeum equity. Based on Tuesday’s closing prices, the deal is worth about $475 million. Tradeum’s flagship product, […]

Internet Capital Group Wednesday sealed its largest acquisition to date, taking a majority stake in privately-held RightWorks for $657 million in cash and stock. RightWorks provides procurement software used by business-to-business exchanges. The company has several well-known customers, including Wells Fargo, VerticalNet and ShopNow.com. Digital marketplaces, where buyers and sellers are electronically linked, are expected […]

What started out as a good session for Internet shares took an ugly turn Tuesday as the sector was dragged down by heavy losses throughout all the major indices. Blue chips took a particularly hard hit following a profit warning from Dow component Proctor & Gamble Co. The nation’s biggest maker of household products Tuesday […]

Internet and technology shares were leaving blue chips behind in midday trading Tuesday, boosted by news of VeriSign’s takeover of Network Solutions. The session wasn’t being kind to blue chips, which were being battered by a profit warning from Dow component Proctor & Gamble Co. The nation’s biggest maker of household products Tuesday warned second-half […]

eBay Inc. Tuesday launched a new site featuring person-to-person sales of used cars. As part of the deal, eBay is taking an undisclosed stake in Autotrader.com, an online retailer of used cars. The two companies will jointly operate the site. Financial terms of the investment were not disclosed. Meg Whitman, eBay’s president and chief executive […]

internet.com’s INTERNET IPO INDEX Company IPO Date Shares Sold (mil.) IPO Offer Price First-Day Close Mar. 3 Close Change from 1st-Day Close 30-Day Close 60-Day Close Share High Share Low Switchboard Incorporated (SWBD) 3/1/00 5.50 $15 $26.81 $26.19 -2.40% N/A N/A $38.13 $25.63 Matrixone, Inc. (MONE) 2/29/00 5.00 $25 $78.81 $69.38 -13.60% N/A N/A $85.00 […]

Internet stocks were doing their part to steer the Nasdaq Composite to the 5,000 milestone Monday as investors were rushing into sector leaders. Meanwhile, Federal Reserve Chairman Alan Greenspan continued to express concerns over the economy’s rapid pace at a morning speech at Boston College. At noon Eastern, internet.com’s Internet Stock Index had jumped 34.33, […]

Internet stocks had risen almost 4 percent in midday trading Friday as the sector was getting a big boost from news of analyst upgrades and stock splits from several sector leaders. Also, U.S. markets were cheering news that U.S. businesses added only 43,000 jobs in February. The lower-than-expected increase gives market watchers less reason to […]