Microsoft was down 3 at 147 after hitting 145 1/4, nearly 30 points off its Jan. 29 closing high of 175. Today's losses may be a result of a decision by
to begin selling computers using
Red Hat Software's
Linux operating system. Microsoft has fallen roughly 30 points this month due to uncertainty surrounding its antitrust trial and disappointing revenue growth at PC giants
. IBM was up 1 11/16 at 172 3/16, while Dell and Hewlett were up fractionally.
Broadcast.com Gets Power Boost
rallied 11 7/16, or 20%, to 69 5/8 following an upgrade by
Donaldson Lufkin & Jenrette
to buy from market perform. DLJ boosted its six-to-12-month price target on the stock to 100 from 40. DLJ helped underwrite the Broadcast.com IPO.
The upgrade may have resulted from Wednesday's announcement from
that it would build and launch a new Internet broadcast company. CMGI was up 2 9/16, or 2.6%, at 100 1/2. The DLJ report states that as the early leader, Broadcast.com has an advantage.
DLJ also says the underlying business dynamics of all "leading Internet names" are stronger than ever," and expects a turnaround in many of the stocks as the outlook for the first quarter become more clear.
Big Names Down Early
Some of the biggest Internet names are on shaky ground today.
continues to slide, down another 2 1/2, or 1.8%, at 137 1/2, more than 100 off its Feb. 1 recent high of 254 3/4. Also,
was down 10 5/8, or 8.8%, at 109 3/4, while
was off 3 1/16, or 5.4%, at 53 7/16.