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Microsoft Stock Plunges 6 Percent

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

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Scott Bekker is editor in chief of Redmond Channel Partner magazine.