As Microsoft shareholders let out
a gigantic sigh that erased $2.8 billion in market cap, the company's stock flirted with its 52-week low of $24.00
during the afternoon. It finally closed just barely above that solid line, at $24.01.Contributing to the terrible performance and two-and-a-half-times-average volume: the prediction by Gartner that Microsoft's latest and greatest (?) operating system, Vista, might be delayed another three months. According to one Microsoft employee, it's so not true, and Microsoft insists that it will still make the November 2006 (volume license customers) and January 2007 (everybody else) launch dates. Shareholders? Clearly are not drinking the Kool-aid.
Say it with me [long deep breath] ***SIGH***.
Before the bell: Futures lower ahead of jobs report
Best & Worst in Money 2008: Most shocking financial collapse
Global Q&A: A rocky road, but profits ahead
