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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (40434)	4/2/2000 8:00:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 74651

(REUTERS) Microsoft stock seen sliding about 10 pct on Monday Microsoft stock seen sliding about 10 pct on Monday NEW YORK, April 2 (Reuters) - Microsoft Corp.'s shares could fall by about 10 percent on Monday after mediation talks in its landmark antitrust case collapsed, and the stock will remain under pressure ahead of a ruling widely expected to find the software giant violated antitrust laws, analysts said. "Obviously, there is no real mathematical equation for this, but I think that if you took 10 percent off of Friday's close you would see where it's trading in early-going on Monday," said Arthur Hogan, chief market analyst at Jefferies & Co., in a phone interview on Sunday. The judge mediating the Microsoft <MSFT.O> case announced on Saturday that his settlement efforts had ended in failure. The failure means that District Judge Thomas Penfield Jackson, who is hearing the case in Washington, D.C., will now issue his conclusions of law in the case. Jackson found last year that Microsoft abused monopoly power over its Windows operating system, damaging consumers, competitors and other firms. He is widely expected to find that Microsoft violated the nation's antitrust laws. After that, he will decide what remedies should be applied in the case. "I think it was common knowledge that there would not be a settlement and that's why the stock has been bouncing around in the low $100-area," said Scott Bleier, chief investment strategist at Prime Charter Ltd. "I think the $90-area is the worst the stock is going to do here as it sits and waits." On Friday, Microsoft ended the day at 106-1/4, up 2-7/8 on the day amid an almost 115-point comeback for the Nasdaq composite index <.IXIC>. The technology-laced index had suffered its fifth-largest point decline ever on Thursday. Microsoft's stock traded in the $90-range for much of March but crossed the $100-threshold toward the end of the month, roughly the time reports surfaced that mediation talks to resolve the antitrust case against the company were nearing an end. "The most recent action probably had put some of the price up anticipating the potential for a quick resolution, so we will probably get some of that back tomorrow," said Bill Meehan, chief market analyst at Cantor Fitzgerald. ((Denise Duclaux, Wall Street Desk (212) 859-1709)) REUTERS * end of story *