News
Microsoft Stock Plunges 6 Percent
- By Scott Bekker
- October 16, 2000
Microsoft Corp.'s stock price dropped
a whopping 6.4 percent on the Nasdaq exchange Monday, putting the price level
of the software giant at its lowest point in almost two years. A dim outlook
for the computer industry in general by market analysts was blamed for the
sharp decline.
Stock in Microsoft dropped $3-1/2 to $50-1/4 on the Nasdaq where on Monday it was the second most
heavily traded issue. The last time the Microsoft price level was lower was on
Oct. 20, 1998, when it fell to $49-13/16. The value of Microsoft shares has
dropped almost 60 percent from December 1999, when the level had climbed to
$119-15/16. - Ted Williams
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.