Microsoft Investors Discount Troubles

Tue., May 2, 2000

From Staff

Investors brushed off worries about Microsoft’s future Monday, sending its shares higher and fueling a rally in technology stocks that spread to the broad market.

The Dow Jones industrial average rose 77.87 to 10,811.78 and the Nasdaq composite index rose 97.42 to 3,958.08.

Microsoft rose 3-11/16 to 73-7/16 in the first session since the Justice Department asked a federal court to divide the company in two to satisfy antitrust concerns. Late Friday afternoon, the Justice Department and 17 states recommended splitting the company into one business for Microsoft’s Windows operating-system software, and one for the company’s applications products and Internet businesses.

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Microsoft Investors Discount Troubles

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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