To: Dorine Essey who wrote (151540 ) 1/18/2000 3:16:00 PM From: calgal Respond to of 176387
Dorine, I hope you are feeling better! :) Leighnews.cnet.com PC surge expected to boost Microsoft earnings By Bloomberg News <mailto:feedback@bloomberg.com> Special to CNET News.com January 18, 2000, 9:35 a.m. PT Microsoft will report higher fiscal second-quarter earnings today as sales of personal computers boosted demand for its software, analysts said. Microsoft is expected to report that its earnings for the period ended Dec. 31 rose to 42 cents a share from a split-adjusted 36 cents a year ago, according to analysts polled by First Call/Thomson Financial. Revenue rose to $6.2 billion from $5.2 billion, analysts forecast. The company has beaten earnings forecasts for the past eight quarters, and unofficial "whisper" estimates run as high as 47 cents a share. Microsoft benefited from strong sales of personal computers during the holiday season, boosting sales of its Windows operating system and application programs such as its Office products, analysts said. Microsoft's Windows software runs on more than 90 percent of PCs sold in the U.S. today. 'It's been a good quarter,' said Michael Kwatinetz, a Credit Suisse First Boston analyst with a 'strong buy' rating on Microsoft. 'The PC market has been on fire.' Microsoft's earnings are expected to continue to grow this quarter and for the rest of the year, analysts said, as the company ships its long-awaited Windows 2000 operating system. The company's most ambitious product upgrade, the new software for businesses will go on sale Feb. 17. Microsoft's earnings report will come less than a week after the company announced that co-founder and chief executive Bill Gates, the man who came to epitomize both Microsoft's growth and the overall rise of the software industry, will step down </news/0-1003-201-1523642-0.html> from day- to-day management of the company to focus on the development of new technology. Microsoft president Steve Ballmer was named chief executive. Gates will remain chairman and take on a new title of chief software architect, saying he wants to help guide the company's next generation of Internet-based software. Copyright 2000, Bloomberg L.P. <http://www.bloomberg.com/welcome.html> All Rights Reserved.