Top > DaveNet archive > 1999 > MSFT Stock Glitch? > Financial news
1. Lots of financial news yesterday. Computer Associates buys Platinum for $3.5 billion. Microsoft reorganizes. The Dow closes over 10000 for the first time in history.
2. And late yesterday afternoon, a friend who reads DaveNet called and pointed out something interesting about the Microsoft two-for-one stock split that happened on Friday after the markets closed. With this split, MSFT crossed a threshold, for the first time, the number of outstanding shares no longer fits into a 4-byte number. This opened the possibility for computer error, similar to the Y2K problem that many people are justifiably concerned about.
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11/20/2008; 11:02:08 PM Eastern.
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