C-Cube Message Board - Msg: 3224116

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Technology Stocks : C-Cube

CUBE 36.82

-0.5%

Dec 4 3:59 PM EST

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To: DiViT who wrote (28331)	1/21/1998 6:44:00 PM
From: John Rieman	Read Replies (2) of 50808

Microsoft getting hit 3 ways. Mostly in Japan............................... biz.yahoo.com Wednesday January 21, 5:52 pm Eastern Time INTERVIEW-Microsoft sees major Asia Maffei, speaking after Microsoft posted a 52 percent earnings increase for its fiscal second quarter, said the company's business in Southeast Asia worsened in each month of the period, which ended Dec. 31. Sales for the affected region account for about 13 percent of Microsoft's total, with Japan alone accounting for nearly 10 percent. Japan is the company's second-largest single-country market behind the United States. Maffei said Microsoft's Asian business had been affected by a ''triple whammy'' of slowing sales of personal computers, shrinking sales of software per computer and unfavorable fluctuations in foreign exchange rates. Microsoft said revenues would have been $150 million higher had currency rates been unchanged from the previous year, with $100 million of that coming in Europe and most of the rest coming from Japan. Excluding Asia, Maffei said, "The business is great." He pointed out that earnings of $0.85 per share were higher than the $0.82 Wall Street consensus, and revenues of $3.59 billion were about $100 million more than expected. Microsoft also said it repurchased 1.4 million of its shares in the quarter and agreed to purchase 4.8 million shares under a six-year forward purchase agreement.

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