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Patience Running Out for Microsoft
Updated from 11:48 a.m. EDT
Microsoft(MSFT Quote) is asking investors for their patience as it works to restore its growth drivers. Judging by Friday's stock market action, patience is a quality in short supply.
Shares of the Redmond, Wash., software maker plunged nearly 11% in super-heavy volume Friday, as shareholders bailed on the name amid a slew of analyst downgrades. Around midday, the stock was down $2.99, or 11%, to $24.26. Earlier, it hit a fresh 52-week low of $24.
More than 325 million shares had traded by midday, about four times the average daily volume. ...
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