News
Microsoft Stock Down After Antitrust Finding
- By Scott Bekker
- 11/08/1999
Shares of Microsoft Corp. were down today in the wake of federal District Judge Thomas Penfield Jackson's finding that Microsoft is in fact a monopoly.
Jackson withheld his 207-page "Findings of Fact," which were highly critical of Microsoft, until after the markets closed Friday.
Microsoft's stock closed Friday at 91-9/16 but at the close of trading today was at 89-15/16. The stock dropped only 1-9/16 from Friday's close. The drop was less than had been expected.
Jackson's document is not a ruling in the case. Microsoft and the government will have a chance to comment on the findings before the final ruling, which is expected sometime next year. -- Isaac Slepner
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.