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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: Andy Yamaguchi who wrote (21052)4/20/1999 10:52:00 PM
From: Doug Fowler   of 74651
 
How do you figure Microsoft's revenues were at least $320M short?

They reported what their revenue was. In fact, their revenue would have been $400M HIGHER, if not for the deferred sales.

Yes, their investments did particularly well this quarter, which improved the bottom line.

But their investments did NOT impact their revenues, plus or minus.

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