How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.72

+2.1%

1:23 PM EST

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To: Al Bearse who wrote ()	6/6/2000 7:57:00 PM
From: DiViT	Read Replies (1) of 74651

Microsoft CFO Sees Stronger Growth in Personal Computers Reuters NEW YORK (Reuters) - The chief financial officer of Microsoft Corp. (MSFT.O), the software company that is battling a government antitrust suit, said on Tuesday the company sees personal computer sales growing 12 to 15 percent for its fiscal year beginning July, a brighter picture than the company painted when it reported its third quarter earnings in April. ``Consumer (PC growth) has been in the double-digits, and business PCs have been in the single-digits,'' said CFO John Connors in an interview after a speech to investors at a PaineWebber conference here. ``We see overall PC growth for our fiscal year beginning in July of between 12 and 15 percent.'' Microsoft, which has a wide view of the computer industry as it sells operating systems for most personal computers, cited slow PC growth as one reason it had lowered its outlook in April for year-over-year revenue growth to 15 percent from 20 percent. The company's assessment of PC demand had brought some investor concern about soft demand for personal computers. Connors on Tuesday reiterated that 20 percent revenue growth rates at Microsoft were not within reach, despite signs of recovery in the business PC market. ``Twenty-plus growth is unrealistic unless some things change, because the (company's revenue) base is very large,'' Connors said, reiterating that in fiscal year 2001, the company expects to achieve 15 percent year-over-year revenue growth rates. zdii.com

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