News

Microsoft Stock Plunges 6 Percent

Microsoft Corp.'s stock price dropped a whopping 6.4 percent on the Nasdaq exchange Monday, putting the price level of the software giant at its lowest point in almost two years. A dim outlook for the computer industry in general by market analysts was blamed for the sharp decline.

Stock in Microsoft dropped $3-1/2 to $50-1/4 on the Nasdaq where on Monday it was the second most heavily traded issue. The last time the Microsoft price level was lower was on Oct. 20, 1998, when it fell to $49-13/16. The value of Microsoft shares has dropped almost 60 percent from December 1999, when the level had climbed to $119-15/16. - Ted Williams

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Microsoft Previews Windows Autopilot for HoloLens 2

    Microsoft on Friday announced a public preview of Windows Autopilot for HoloLens 2, its mixed-reality headset.

  • Microsoft Flirts with Charging for API Software Connections

    Microsoft may have started something new by attempting to charge its customers for software that uses its application programming interfaces (APIs).

  • Overcoming Spacesuit Anxiety During Astronaut Training

    Spacesuits are heavy, claustrophobic and hot -- an uncomfortable combination for many would-be astronauts. Here's how Brien came around to the idea of wearing one.

  • Microsoft Announces Azure Kubernetes Service Enhancements

    Microsoft this week announced a few Azure Kubernetes Service (AKS) product milestones as part of the KubeCon event.

comments powered by Disqus