Microsoft Releases IE7, Hopes to Gain Back Browser Market Share

Includes: AABA, MSFT
by: Jonathan Liss

Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Microsoft Releases Internet Explorer 7 at Last []

Summary: Microsoft has finally released its new browser update, Internet Explorer 7 [IE7], 5 years in the making. ieIE7 has been updated with many of the features competitor browsers like Opera and Firefox have implemented during the 5 years since Microsoft released its last version of Explorer. That 5 year period cost IE 7% of its market share - customers Microsoft hopes to bring back with IE7. Earlier yesterday, Yahoo! announced it was offering its own "optimized" version of IE 7, which sets the company as the default search engine. Shares of Microsoft, which have been on a tear of late, closed the regular session up $0.08 to $28.52 on the news.
Related links: Reuters Warns Customers: Install Internet Explorer 7.0 At Your PerilMicrosoft: "The Younger Audience Is Our Future"Microsoft Upgrades Internet Explorer -- But Not Much Is New • Firefox Expands Global Market Share
Potentially impacted stocks and ETFs: Microsoft (NASDAQ:MSFT), Yahoo! (YHOO), Google (NASDAQ:GOOG) • iShares S&P 500 Index (NYSEARCA:IVV), First Tr DJ Internet Index Fd (NYSEARCA:FDN)

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