Wall Street was still up a few points when we took our snapshot of the Microsoft Corp share price in the wake of its profits warning yesterday (CI No 1,132), but the market turned tail after the SoundView Financial Group warning about IBM’s first quarter (see front), and Microsoft ended the day with an even […]
Wall Street was still up a few points when we took our snapshot of the Microsoft Corp share price in the wake of its profits warning yesterday (CI No 1,132), but the market turned tail after the SoundView Financial Group warning about IBM’s first quarter (see front), and Microsoft ended the day with an even bigger fall, $8.50 to land the shares with a bump at $53.50; IBM, which has been drifting gently down for most of 1989, had shed $1.75 more to $119.75 by close of play.
