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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (122)	12/7/2000 8:35:44 AM
From: bobby is sleepless in seattle	Read Replies (1) of 5732

Goldman cuts MSFT's numbers --7:22 am - By Tomi Kilgore Microsoft (MSFT: news, msgs) is moving $3.69 lower to $53 in Instinet pre-market trading. Analyst Rick Sherlund at Goldman Sachs reduced the company's fiscal second-quarter revenue estimate by $125 million to a range of $6.775-$6.8 billion, his third-quarter estimate by $200 million and his fourth-quarter estimate by $150 million. He trimmed his EPS estimate for fiscal 2001 to $1.88 from $1.91. The average analyst EPS estimate for 2001 is currently $1.91, according to First Call. He cited "the preponderance of evidence of sluggish retail PC demand" for the changes. Sherlund maintained his "market outperform" rating, noting that consumer PC sales represent only about 10 percent of total sales.

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