Shares of Microsoft edged 1% higher in heavy trade Wednesday after an EU antitrust decision came in largely as expected.
Microsoft faces a $613 million fine and must unbundle its media player from its operating system and open its server system code to competitors.
Microsoft also responded as expected – with plans to appeal – ensuring that the case could be tied up for years.
Shares of RealNetworks gapped higher on the news, but finished the day unchanged.
The broader market ended the day mixed, with stronger than expected durable orders and home sales competing with inflation and terrorism fears.
The Nasdaq climbed 7 to 1909, the S&P 500 slipped 2 to 1091, and the Dow closed down 15 to 10,048. Volume rose to 1.5 billion shares on the NYSE, and 1.85 billion on the Nasdaq. Decliners led 20-11 on the NYSE, and 16-14 on the Nasdaq. Downside volume was 68% on the NYSE, and 42% on the Nasdaq. New highs-new lows were 100-24 on the NYSE, and 50-23 on the Nasdaq.
After the close, Micron and Lattice Semi
missed estimates.
During the day, Novell surged 12% on a Linux deal with HP
.
Red Hat gained 3% on strong enterprise Linux sales, but finished well off its highs for the day.
PMC-Sierra climbed 1% after raising guidance.
Applied Materials gained 2% after extending its share buyback plan.
LivePerson soared 45% on a Roth Capital Strong Buy rating.
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