Internet Providers Having Good Day
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Internet providers were performing well in mid-session Tuesday in what is turning out to be a good day for the sector.
Just after noon, internet.com's Internet Stock Index was up 3.81, or .73 percent, to 526.98, the Nasdaq Composite was off 11.72 to 2,618.56 and the Dow Jones industrial average was off 67.44 to 10,748.54.
Concentric Network Corp. (CNCX) was up 1-3/8 to 33-7/8 after announcing Microsoft Corp. (MSFT) will invest $50 million as part of an expanded business relationship. Concentric will establish a co-branded version of Microsoft's MSN portal and will co-market Windows NT application hosting services. Concentric will also spent $7.5 million to market its services on MSN.
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