Microsoft weathered the initial blow to its stock this morning and by mid-day has recovered about half the loss it suffered at the opening bell on the New York Stock Exchange.
The software giant’s stock took a 6 1/4-point hit early on due to the scathing remarks by U.S. District Court Judge Thomas Penfield Jackson in his ruling against Microsoft in its antitrust suit with the Federal government. Jackson stated that Microsoft is a monopoly and used its position to keep competitors out of the Internet browser market.
By noon the stock was trading at 87 3/4, down 3 3/16 with more than 72 million shares traded.
