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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (43513)	12/14/2000 5:34:41 PM
From: KevinThompson	Read Replies (1) \| Respond to of 57584

Yep, just saw that: Thursday December 14 4:48 PM ET Microsoft: Earnings Will Fall Short REDMOND, Wash. (AP) - Microsoft Corp. warned Thursday that its second-quarter revenue and profits will be 5 percent to 6 percent lower than previous estimates because of a worldwide slowdown in computer sales. Revenue for the quarter ended Dec. 31 is now expected to be $6.4 billion to $6.5 billion, with earnings per share of 46 cents or 47 cents, Microsoft said in a statement. Analysts surveyed by First Call/Thomson Financial were expecting 49 cents per share. For the fiscal year ending in June, Microsoft now expects revenues of $25.2 billion to $25.4 billion, about 5 percent lower than previously expected. Earnings per share will be about $1.80 to $1.82; analysts were expecting $1.91. Microsoft will report its actual results for the quarter on Jan. 18. ``We believe, like many other technology companies, that the current weakness in worldwide economic conditions is resulting in a slowdown in PC sales, corporate IT spending, and consumer online services and advertising,'' said John Connors, Microsoft's chief financial officer. ``However, while our short-term results will continue to be affected by the current economic environment, our long-term outlook on the information technology market and the PC industry remains positive.'' Microsoft finished regular trading at $55.50 a share, down $1.75 or about 3 percent, on the Nasdaq Stock Market. ------------------------------------------ KT