Microsoft Inches Up 1.1% as Appeal Begins
Microsoft
(MSFT)
was up 1.1% in preopen
Island
trading. An appeals court today is due to begin hearing arguments in the software giant's efforts to overturn a federal court ruling that the company should be split in two because it violated antirust laws. Many analysts believe the new
Bush
administration is more likely to seek a settlement.
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Also,
The Wall Street Journal
reported that Microsoft is facing deceptive advertising charges for the second time in less than a year. The charges focus on a campaign targeting
Palm
(PALM)
. Microsoft is in talks with the
Federal Trade Commission
to settle the case, the paper said.
