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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (26719)	7/19/1999 5:14:00 PM
From: Scripts	Read Replies (2) \| Respond to of 74651

Can we get to aftermarket numbers somewhere on the web?

To: johnd who wrote (26719)	7/19/1999 5:19:00 PM
From: taxman	Respond to of 74651

Mon, 19 Jul 1999, 5:11pm EDT Microsoft 4th-Qtr Profit Jumps 62%; Company Says Revenue Growth to Slow By Laura Raun Microsoft 4th-Qtr Profit Rises 62% on Higher Office 2000 Sales Redmond, Washington, July 19 (Bloomberg) -- Microsoft Corp., the world's biggest software maker, said fiscal fourth-quarter profit jumped 62 percent, beating estimates, on strong sales of its Office 2000 group of business software. Earnings for the period ended June 30 climbed to $2.20 billion, or 40 cents a share, from $1.36 billion, or 25 cents a share, a year earlier. The average analyst estimate was 36 cents a share, according to First Call Corp. The so-called whisper number, or unpublished estimate, was 38 cents a share. Revenue rose to $5.76 billion from $4 billion a year earlier. Microsoft, whose Office product line commands nearly 90 percent of the office-productivity software market, benefited from the introduction of 2000, the latest upgrade to the group of word processing, spreadsheet and presentation programs. Windows NT, the industrial-strength version of the flagship computer- operating system, also was a major growth driver. It was a ''solid quarter,'' said William Epifanio, an analyst at J.P. Morgan Securities Inc., who has a ''buy'' rating on Microsoft. Microsoft warned its revenue growth rate will decline in fiscal 2000, which began July 1, due to slowing personal computer demand, uncertainty surrounding the Year 2000 bug and global economic conditions, Chief Financial Officer Greg Maffei said in a statement. Shares of Microsoft fell 1 1/16 to 98 3/8 in trading of 39.6 million shares, making it the most active stock in U.S. trading. The stock closed at a record 99 7/16 on Friday. With the latest results, the Redmond, Washington-based company has beat earnings forecasts for the past seven quarters. The landmark antitrust trial involving Microsoft, which ended last month, had no discernible effect on the bottom line, analysts said. The U.S. Justice Department and 19 states have accused the company of using illegal tactics to extend its near- monopoly in operating systems to the Internet market. ©1999 Bloomberg L.P. regards