Microsoft, Inc. was down 12 15/64 to 94 1/64 in early trading Monday following reports that failed talks between the software giant and the government have cleared the way for a judge’s ruling in the landmark antitrust case. The news sent other technology issues — and the Nasdaq market — lower as well.
A ruling against Microsoft would allow a host of lawsuits against the company to go forward. In an interview with the Wall Street Journal, Microsoft Chairman Bill Gates said the company would continue to operate the way it has been, and investors should focus on the long term. “The ruling is just a step in the legal process,” Gates was quoted as saying. “It doesn’t change any situation relative to what we do.”