Vista delay causes Windows-dependents slump in pre-market trading; Apple rises

20 years ago

“U.S. stock-index futures declined after Microsoft Corp. said the next version of its Windows software program will be delayed. Companies whose products use Windows slumped on concern a January release will wipe out demand during the holiday shopping season. Intel Corp., the world’s biggest semiconductor maker, and Dell Inc., the largest personal-computer maker, declined,” Nick Baker reports for Bloomberg. “‘It’s clearly negative for Microsoft and the PC market as a whole,’ said Douglas Wright, who helps manage $1 billion in U.S. stocks at Britannic Asset Management in Glasgow, Scotland. ‘It will hurt sales and adds uncertainty to the market.'”

Baker reports, “Microsoft fell 69 cents to $27.05 [in pre-market trading]. Intel fell 17 cents to $19.61. Dell slipped 41 cents to $29.86. Prudential Equity Group cut its rating on personal- computer makers to ‘neutral’ from ‘favorable.’ Apple Computer Inc., which makes computers that run on a different operating system, rallied $1.19 to $63.”

Full article here.

Abby Deveney reports for MarketWatch, “Shares of Apple Computer got a pre-open lift. It’s expected to benefit from Microsoft’s delayed release of its new Vista operating system. Merrill Lynch analyst Richard Farmer believes Apple will benefit from ‘a less competitive market for another holiday season against an aging Windows offering.'”

Full article here.

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