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CNET News.com: Microsoft stock drops on antitrust findings

Nov 08, 1999, 15:32 (5 Talkback[s])
(Other stories by Melanie Austria Farmer)

"In early trading, the software giant shed 6.81 points, down nearly 8 percent, at 84.75. The Dow Jones Industrial Average was also hard hit, down more than 40 points at 10,659.83 in early trading."

"Meanwhile, shares of Red Hat, a leading seller of the Linux operating system, surged in early trading, jumping nearly 20 percent. Red Hat gained 16.75 at 102.69. Other Microsoft competitors, including Sun Microsystems and database software maker Oracle, enjoyed a lift following the news. Shares of Sun were ahead 5.43 at 115.12, and Oracle rose 1.43 at 60.12...."

"So, the Red Hats, the Suns [Microsystems] will probably enjoy good days being that Microsoft is under such government scrutiny," he said."

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