Thursday January 22, 05:26 PM
Microsoft hits lowest since 1998 after profit miss
NEW YORK, Jan 22 (Reuters) - Shares of Microsoft (NASDAQ: MSFT - news) dropped more than 11 percent to its lowest since January 1998 after reporting disappointing quarterly results and saying it will cut up to 5,000 jobs.
Microsoft was down 11.1 percent at $17.23, breaking through the 52-week low set in November.
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(Reporting by Leah Schnurr; Editing by James Dalgleish) Keywords: MICROSOFT/SHARES
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