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CNET News.com: Antitrust case beats down Microsoft shares

Apr 29, 2000, 18:51 (6 Talkback[s])
(Other stories by Dawn Kawamoto)

"The landmark antitrust case has taken its toll on Microsoft investors, and it's unclear whether the cloud hanging over the software giant's shares will lift anytime soon."

"Today's news is just the latest blow for the company, which has watched its market capitalization cut practically in half since December. With the threat of a breakup looming and little guidance to how the new companies would be valued, investors have pushed Microsoft shares down 42 percent in less than four months."

"Analysts predicted that splitting the company will likely drive up costs to run two operations and reduce Microsoft's ability to leverage its operating system to enter new markets. ... Analysts are mixed on whether Microsoft will remain a strong company if its operations are split in two. ... While Wall Street wrestles with assigning a valuation for the two companies and the case drags on, the stock may remain depressed due to uncertainty, analysts said."

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