How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.52

-2.8%

3:59 PM EST

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To: Ibexx who wrote (3575)	10/20/1997 7:01:00 PM
From: Flair	of 74651

Ibexx & all, The complete earnings report is in microsoft.com This is more complete than in Yahoo/Reuters. An increase of 252 million in the unearned revenues. FYI: ========================= 1Q FY98 : 1,671 million 4Q FY97 : 1,418 million 3Q FY97 : 1,285 million 2Q FY97 : 1,013 million ======================== ....... STOCK REPURCHASE ........ During the September quarter, the Company repurchased 2.1 million shares of Microsoft common stock in the open market. In addition, under an agreement with an independent third party, the Company also purchased 5.8 million shares of stock through a forward purchase arrangement. Under this arrangement, a portion of the purchase price will be paid in the next five years and determined based upon the price of Microsoft common stock at that time. The timing and method of payment (net-share or cash) is at the discretion of the Company. The difference between the cash paid and the price of Microsoft common stock on the date of the agreement is reflected in equity.

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