Technology issues continued their winning ways Thursday, breaking apart from blue chips and Internet issues to advance further into record territory.
Just before noon Eastern, internet.com’s Internet Stock Index was off 0.09, or 0.01 percent, to 614.14, the Nasdaq Composite had jumped 32.93 to 3,188.89 and the Dow Jones industrial average had fallen 7.34 to 10,590.40.
InterVU Inc. (ITVU) was up 8-3/16 to 71-3/4 after the Internet audio and video company snagged a $20 million investment from the CNN News Group. The Time Warner (TWX) unit will give InterVU $20 million of its common stock in exchange for three years of online advertising and television promotion.
Microsoft Corp. (MSFT) had climbed 2-1/16 to 89-3/16. The company announced Thursday it was making a $100 million investment in Radioshack.com, the consumer electronics company’s online operation. Radio Shack is a unit of the Tandy Corp. (TAN) whose shares had advanced 4-3/8 to 69-9/16 on the deal.
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