SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cfimx who wrote (9747)5/8/1998 10:08:00 AM
From: antitrades  Read Replies (1) of 64865
 
SEATTLE, May 7 (Reuters) - Microsoft Corp. stock slumped Thursday
on increasing concern that federal regulators plan to file a broad
antitrust suit against the software giant, industry analysts said.

Microsoft was off 2-9/16 at 83-13/16 in heavy Nasdaq trading after
Business Week became the latest media outlet to report that the U.S.
Justice Department plans to bring suit by next month under the federal
Sherman Act.

The stock has fallen in 10 of the past 11 sessions since it peaked at
a record 99-1/8 last month.

''Complacency is being displaced by concern,'' said David Readerman of
NationsBanc Montgomery Securities.

If the Justice Department files an antitrust suit, there would be ''a
very swift selloff in Microsoft,'' he predicted.

This looks like a great buying opportunity for you Twister!

Antitrades!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News