How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.82

+0.6%

Dec 4 3:59 PM EST

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To: Uncle Frank who wrote (27252)	7/24/1999 10:52:00 AM
From: Sonki	of 74651

MICROSOFT CFO Greg Maffei said late Thursday the company's research and development expenses would rise to about $3.8 billion in fiscal 2000 from $3.1 billion in the year just ended. He also told financial analysts at an annual meeting with them that sales and marketing expenses would rise about $1 billion this year, or 31 percent over last year's $3.23 billion. (Reuters 07:59 PM ET 07/22/99) * MICROSOFT CORP executives tried to rein in bullish expectations at their annual meeting with financial analysts on Thursday but appeared to make little headway after another year of strong growth for the software giant. An instant poll of some 300 analysts, reporters and others taken at the end of the daylong meeting found that 40%, a plurality, expected revenue growth of 25% or more in the coming year, compared with company guidance of less than 20%. That was down only slightly from 44% in a poll taken at the beginning of the day, during which executives warned of uncertainties in the year ahead, including an expected slowdown in personal computer sales growth. (Reuters 03:06 AM ET 07/23/99)

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