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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (29612)	11/8/1999 5:49:00 AM
From: LABMAN	Read Replies (1) of 50167

MSFT Monday November 8, 5:12 am Eastern Time Microsoft shares drop further in Europe LONDON, Nov 8 (Reuters) - Shares in U.S. software giant Microsoft Corp (NasdaqNM:MSFT - news) extended sharp falls in Europe on Monday, dropping nearly $9 to $82-7/8 from Friday's official Wall Street close of $91-9/16, as investors reacted to a key anti-trust ruling. Microsoft's decline will take 40 points off the Dow Jones average at Monday's Wall Street opening, dealers said. The shares fell to $86-1/8 in after-hours trading in New York but fell further on the Instinet trading system in Europe. ''The stock's found a level around $83 after early trades at progressively $84, $83 and $82,'' said one dealer. ''People are saying a break-up of the group looks likely and that's bad news for the company itself. But you'd be very surprised if they don't have a plan A, B and C in place, and the key thing to watch is where they close in New York tonight. Very few people expect them to close nine points down,'' he said. (Note: this article is ''in progress''; there will likely be an update soon.)

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