News

Microsoft Stock Down After Antitrust Finding

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.

Featured

comments powered by Disqus
Most   Popular

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.