“Naturally, [MS] investors were jubilant at the news, sending
the stock, which was near 52-week lows, up $2.25 to $63.50 on 46
million shares, making it the second most actively traded Nasdaq
issue.”
“So how did tech stocks react to the news? Well, not really too
much. The Nasdaq Composite Index was right around
break-even…”
“Linux-related stocks, those brave souls in competition with
Microsoft’s dominant Windows operating system platform… have been
hurt. Red Hat… fell 75 cents to $18.94. … VA Linux… took the
biggest dollar drop, falling $1.13 to $47.31.”