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Technology Stocks : How high will Microsoft fly?
MSFT 474.82-0.8%3:59 PM EST
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To: Ender who wrote (26884)7/20/1999 4:42:00 PM
From: CoffeePot  Read Replies (2) of 74651
 
i dont think the post earnings sell-off is over just yet....it might take a few days for the market to digest MSFT's slower growth outlook. IMHO


In a statement and conference call with analysts Maffei warned the company's sales growth rate would slow to the ''high teens''
in fiscal 2000 from 29 percent in the year just ended. And he said profit margins had peaked for now as Microsoft squeezed all
the costs it could out of its business model by shifting to sales of licenses instead of packaged software.
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