Microsoft stock hit by Vista delay
ENT News | at | by Mike
Shares of Microsoft fell Wednesday after the software maker delayed the consumer release of its new operating system until January 2007, after the holiday shopping season.
Shares of Microsoft dropped 76 cents, or almost 3 percent, to $26.98 in early trading on the Nasdaq Stock Market.
The Redmond, Wash.-based company made the announcement about its new system, dubbed Vista, after financial markets closed on Tuesday. Analysts said the delay would hurt computer makers and retailers most of all, since they were likely looking forward to a new operating system to boost holiday sales.