How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 508.64

+1.0%

12:56 PM EST

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To: Teflon who wrote (25285)	6/30/1999 5:55:00 PM
From: t2	Read Replies (4) of 74651

Here is my understanding. 1-Deferal on Office and Windows reduced to 15 to 25% (from 20 to 35%) as a result of new accounting standards. Basically they are following the new standards. 2-Restating Income statements to increase revenues and increase expenses. This restatement is voluntary to ensure consistency among product lines. 3-SEC investigation. MSFT stated that is unrelated to the above two items. Maffei speculated that it resulted due to a former employee and a WSJ article back in January regarding the way MSFT takes reserves (unearned revenues). Maffei stated that MSFT is following accounting standards. He stressed that this investigation is totally unrelated to items 1 and 2. 4-"very comfortable" with current estimates. BTW--My feeling is that they are being investigated for taking reserves that are too big. However, Maffei stated that they follow accounting standards.

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