VeriSign (VRSN) - Get VeriSign, Inc. Report was up 5.7% in preopen Island trading after the company announced an agreement with Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report.

VeriSign will provide security and authentication technology for Microsoft's .Net initiative, which aims to make all its software products available over the Internet and includes the storage of personal information.

As part of the deal, VeriSign will use Microsoft's HailStorm suite of fee-based services in its businesses, including domain-name registration.

Microsoft was up 0.6%.

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