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Strategies & Market Trends : P&S and STO Death Blow's

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To: Softechie who wrote (24608)1/16/2003 5:20:23 PM
From: bruceleroy1_-  Read Replies (3) of 30712
 
Barfing.com says that the MSFT news isn't as bad as it looks

17:02 ET MSFT Microsoft trading lower (55.35 -0.62) -- Update --
The dividend, stock split, and penny upside have not been enough to offset the revenue miss and decline in unearned income, and the stock is trading lower to $53.90 after hours as a result. Note that the guidance is not quite as bad as it initially appears - though the full year guidance is below consensus, it is similar to prior guidance from MSFT - the full year was $32.2-32.6 bln revenues and is now $32.5 bln, the upper end of the prior range. And EPS was $1.89-1.95 but is now $1.90-1.93, a narrowing of the range. Analysts might well leave their estimates intact given the perception that MSFT is typically conservative with its guidance.
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