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The Register: Micro$oft shares clobbered on breakup rumours

Apr 24, 2000, 19:04 (7 Talkback[s])
(Other stories by Thomas C. Greene)

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"Rumours that a US government proposal due Friday will urge breaking Micro$oft into at least two divisions led analysts to downgrade their buy recommendations and took a hefty chunk out of M$ market cap in Monday morning trading on Wall Street."

"Furthermore, the company's revenue growth recovery estimates have been trimmed from 20 percent to a more modest 15 percent, largely on news of less than stellar Q3 earnings."

"We can see the tunnel-vision, zero-sum mentality on Wall Street most clearly when we consider that amid the overall NASDAQ pounding, only Micro$oft's most direct competitors appear to be gaining. Red Hat gained $3.13 to $29.38 or 12 percent; VA Linux $4.59, or 12 percent; and Caldera Systems 88 cents or eight percent."

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