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

To: johnd who wrote (28683)	8/25/1999 3:05:00 PM
From: Teflon	Respond to of 74651

jd, answers to your 3 questions are as follows: a) Microsoft Announces Record Fiscal Year Revenue and Income - Slower growth anticipated in fiscal 2000 Redmond, Washington — July 19, 1999 — 1:30 p.m. PT — Microsoft Corp. today announced revenue of $19.75 billion for the fiscal year ended June 30, 1999, a 29 percent increase over the $15.26 billion reported last year. Net income totaled $7.79 billion. Diluted earnings per share were $1.42, a 69 percent increase compared to $0.84 in fiscal 1998. Therefor, PE of 67 is about right based on trailing twelve months EPS of $1.42. b) Review cycle was completed in July (I think this is right, but RTev probably knows more on this matter), with Options grant to employees priced on July 30, the last trading day in July. c) MSFT has in no way changed their estimates. Players on the Street, however, are going ahead and doing it for them as Lehman did today. Teflon