Microsoft Stock Down After Antitrust Finding -- Redmondmag.com

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.

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