Microsoft pulls out of slump

Article Abstract:

The price of Microsoft Corp's shares rose 5.3% during trading in May 1, 2000 despite a proposal by the government to breakup the software company. Microsoft shares were up $3.69 to $73.44 after the close of the trading day. The stock price increase means that some investors believe that the proposed breakup will help the company. The company's shares dropped 40% since the start of the year, including a 12% decline during the last trading week in April.

---

Microsoft proposes curbs that open Windows a crack

Article Abstract:

Microsoft Corp on May 10, 2000 lashed out at the US government's proposal to split the software giant. In asking US District Judge Thomas Penfield Jackson to dismiss the breakup plan, Microsoft calls the proposal a 'radical' and 'misguided' attempt to 'destroy an American company that is a model of success in the high-technology arena.' As expected, Microsoft suggested an evidence-gathering process that could delay the case and proposed its own restrictions on the company's conduct.

Government regulation (cont)

---

All eyes on tech stocks: investors watch for Microsoft fallout today

Article Abstract:

The possibility of a negative decision on the antitrust case involving operating systems giant Microsoft Corp is expected by investors to push the software firm's stock down by 5%-10%. Federal judge Thomas Penfield Jackson upheld the view that Microsoft monopolized the market and raises the possibility of a company breakup. Microsoft's problems will help competitors such as Sun Microsystems and America Online improve their stocks.

Similar abstracts:

• Abstracts: Greenspan's caution about stock prices again puts market on guard. Record home sales drive economy
• Abstracts: An agency moves to consolidate its media services in a diversifying consumer market
• Abstracts: Big news on little screens: information is going portable in hand-held world. Big media v. freelancers: the justices at the digital divide
• Abstracts: 'Complex issues' require much study before action, FDA says. Why allergy drugs cost so much
• Abstracts: A Four A's offical suggest a defense for slow times; another looks at standards of taste. A logistics problem prompts the Four A's conference to reassess its format and agenda

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.