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

To: johnd who wrote (36851)	1/19/2000 1:25:00 PM
From: johnd	Respond to of 74651

``Microsoft made their numbers and did not change the guidance -- but they got there in a very different way than expected, which raises some doubts over the PC industry performance in the December quarter,' PaineWebber analyst Don Young said in a report. ``Microsoft's OEM sales (sales to computer makers) were up 4 percent in revenues and 8 percent in units -- far below their guidance and expectations. However, a very strong performance in Office enabled Microsoft to slightly exceed (earnings per share) expectations,' said Young, who raised his 2000 earnings per share estimate for Microsoft to $1.70 from $1.65. ``With an improving PC demand picture ahead of it and two powerful product cycles, Microsoft's fundamentals are likely to accelerate,' Young said in the report, and reiterated a buy rating on Microsoft. Credit Suisse First Boston analyst Michael Kwatinetz maintained a strong buy on Microsoft, but said in a report that, ``revenue was essentially in line, but OEM revenue was disappointing.' More of same negetivity on the wire