For those of you that don’t watch the stock market or follow computer companies, I’ll give you a quick summary: Microsoft’s stock took its biggest one-day fall in more than five years Friday, shaving about $32 billion off the company’s market value. This drop in value is a response to Microsoft management telling the world that it’s going to have to spend more money to compete with Google, Yahoo, etc.
If you’re interested in further details, you can read the article in the Seattle Times…
Thanks for linking to that article! Wow, that would be a major blow to most companies, but for Microsoft, it represents a “mere” 11 percent of the stock’s market value. At any rate, there’s no doubt the stock will climb back up in due time.