Wired: Redmond Bleeds: MS Breakup?Apr 24, 2000, 18:07 (2 Talkback[s])
No-Size-Fits-All! An Application-Down Approach for Your Cloud Transformation REGISTER >
"Microsoft Corp. shares fell 16 percent Monday as several Wall Street analysts downgraded the stock and sources said U.S. authorities would call for the company to be broken in two...."
"Sources close to the government's antitrust suit against Microsoft said federal regulators favored splitting up the company along product lines, making it spin off its Office software business from its Windows operating system business. Office is a suite of word-processing, spreadsheet and presentation software running on the Windows software system."
"Several Wall Street analysts cut their earnings and revenue estimates for Microsoft after the company's chief financial officer guided investors to expect revenue growth of around 15 percent, down from prior forecasts above 20 percent."
"A Microsoft spokesman said the company will need additional time in its antitrust trial if the government proposes breaking up the company as a remedy."
0 Talkback[s] (click to add your comment)