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

To: t2 who wrote (26801)	7/19/1999 10:09:00 PM
From: Tae Spam Kim	Respond to of 74651

Microsoft Reigns Again - 10:20 PM EST - TK Microsoft (MSFT) hit a home run again with an amazing fourth quarter profit of $2.2 billion or $0.40/share, which was 4 cents above expectations. The company cited strong initial sales of Office 2000. The torrid revenue growth will probably continue the rest of the year with the release of Windows 2000 and as many of 100 million current customers upgrade to Office 2000. Microsoft dominates office suites with a monopoly type market share of 90%. The company also warned that revenue growth will slow later this year, but Microsoft ALWAYS does this. Analysts usually bite the company line, lower their estimates, and then Microsoft comes in way above expectations. The CFO has it down to an art now. Strong initial sales of Office 2000 helped Microsoft show a 60 percent gain in fiscal-fourth-quarter profit as the software giant reported results far above analysts' expectations. Microsoft (MSFT: news, msgs) earned $2.2 billion, or 40 cents per share. In the same quarter last year, Microsoft earned $1.4 billion, or 25 cents per share. Analysts expected Microsoft to earn 36 cents per share. Sales rose 39 percent to $5.76 billion. That was substantially above the $5.06 billion projection from Chris Shilakes, an analyst at Merrill Lynch. - CBS Marketwatch \| Discussion: React to this Market Update \|