Compaq Message Board - Msg: 13474407

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Technology Stocks : Compaq

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To: Andreas who wrote (81423)	4/20/2000 6:38:00 PM
From: Captain Jack	Read Replies (2) of 97611

Andreas -- MSFT says rev hurt due to slowdown in business PC sales.. Looks like msft (down almost 4 after hours) and cpq will get cheaper Monday.. By Tom Wolf, Bridge News New York--Apr 20--US stocks are seen subdued on the open Monday after Microsoft expressed caution about near-term growth in reporting earnings after the bell Thursday...as investors remain leery of high-priced technology issues. After the bell, Microsoft (MSFT) reported third quarter earnings of 43 cents a share, or 2 cents above the First Call consensus estimate. The software giant, however, said sales were hurt by a slowdown in personal computer sales and expressed caution about near-term prospects. "Revenue was light as demand for business PCs remained slow in the quarter, and we remain guarded about near-term growth," said John Connors, Microsoft's chief financial officer.

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