Microsoft shares nosedive at start of trading

Microsoft shares were down as much as 17 cents at $27.53 within 40 minutes of trading today.

Microsoft shares nosedive at start of trading
Wed, 09 Jul, 2003 - 16:28

Microsoft shares were down as much as 17 cents at $27.53 within 40 minutes of trading today.

The Redmond, Washington-based company shocked the technology industry and Wall Street late Tuesday when it said that beginning in September it will give employees shares of Microsoft stock instead of options, a popular compensation tool for tech companies.

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