Sector Update: Technology Shares Higher as Google Drama Stretches Into

Sector Update: Technology Shares Higher as Google Drama Stretches Into Another Session
Related Symbols: AAPL , CSCO , GOOG , IBM , MSFT
11:15 AM Eastern Daylight Time, 03/17/2010 (MidnightTrader) Dow Jones U.S. Technology Index (DJUSTC): +3.73, (+0.62%), to 604.56
Technology shares are higher in trading today after the spat between Google (GOOG) and Chinese authorities, extending into Wednesdays session, took an unusual twist.
The Dow Jones U.S. Technology Index was up 3.73, or 0.62%, to 604.56.
A letter, supposedly issued by Google advertisers yesterday that requested the Internet search company compensate them if Google withdraws from China, is a fake, Bloomberg reported. The letter is likely a fake, said Gao Min, whos in charge of Google ad sales at Beijing Zoom Interactive Media Co, according to the news service.
Google shares were up 0.33%, or $1.88, to $567.08.
Also Wednesday, VirnetX Holding Corp. (VHC) said it was awarded a $105.75 million judgment against against Microsoft Corp. (MSFT) for patent infringement. VirnetX said a jury found that Microsoft willfully infringed two of its patents, according to the San Jose Business Journal. VirnetX said it expects Redmond, Wash.-based Microsoft to appeal the decision.
VirnetX shares were up $0.86, or 15.38, to $6.45. Microsoft shares were up $0.29, or 0.99%, to $29.66
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