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Microsoft stock down 5%
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November 8, 1999: 10:22 a.m. ET
Software maker's shares tumble in heavy volume after antitrust setback
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NEW YORK (CNNfn) - Embattled Microsoft's shares fell about 5 percent in early Monday trading in heavy volume as U.S. investors gave their first response to an antitrust ruling against the company.
At 10:06 a.m. et, Microsoft (MSFT) stock fell 4-1/2 to 87-1/16 on volume of nearly 38 million shares. The decline followed sharply lower trading in overseas markets and in before-hours trading in the United States.
The software giant's shares dipped 9 percent in Frankfurt Monday to  80.10 in the early going.
Microsoft shares fell to 84-3/4 on the Instinet trading system earlier Monday morning. The judge's findings of fact were issued after the stock market closed Friday.
Traders closely monitoring the stock are awaiting results of a conference call with analysts and brokerage firm Goldman Sachs, scheduled for Monday morning.
The Redmond, Wash-based company is facing the global consequences of U.S. District Judge Thomas Penfield Jackson's preliminary findings of fact that Microsoft (MSFT), which holds more than 90 percent of the market share for PC operating systems, caused "consumer harm by distorting competition."
Jackson has reportedly asked Microsoft and government prosecutors to meet with him soon -- a move that may lead to early settlement talks, the Wall Street Journal reported Monday. 
-- from staff and wire reports
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