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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (4276)	12/14/2000 7:27:36 PM
From: zx	Respond to of 19633

Thursday December 14 5:38 PM ET Microsoft Cuts Revenue, Profit Forecasts REDMOND, Wash. (Reuters) - Microsoft Corp. (NasdaqNM:MSFT - news) warned on Thursday that quarterly revenues would fall short of its earlier forecast by 5 to 6 percent due to slowing spending on technology by consumers and businesses. Microsoft, which makes the ubiquitous Windows operating system, projected that revenue for its second quarter ending Dec. 31 would come in at $6.4 billion to $6.5 billion, while earnings per share would be 46 cents or 47 cents, below the Wall Street consensus estimate of 49 cents per share. Microsoft also cut its revenue forecast for the full fiscal year to between $25.2 billion to $25.4 billion, about 5 percent lower than its previous estimate. The Redmond, Wash.-based company projected earnings of $1.80 to $1.82 per share for the full fiscal year, below the average Wall Street forecast of $1.91 per share as monitored by First Call/Thomson Financial. The announcement, made after the close of U.S. markets, sent Microsoft shares plummeting about $2-5/8 to $52-7/8 in after-hours trading. That followed a drop of $1-3/4, or 3 percent, to $55-1/2 in regular Nasdaq trading. ``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. Accordingly, we are adjusting our revenue and earnings expectations for the current quarter, and for the balance of the fiscal year,'' Microsoft Chief Financial Officer John Connors said in a statement. ``Accordingly, we are adjusting our revenue and earnings expectations for the current quarter, and for the balance of the fiscal year,'' Connors said. The lower forecast from Microsoft follows warnings of slower personal computer sales from major PC vendors, Compaq Computer Corp. (NYSE:CPQ - news), Gateway, Inc. (NYSE:GTW - news), and Apple Computer Inc. (NasdaqNM:AAPL - news) and Hewlett-Packard (NYSE:HWP - news), and of slower sales by Intel Corp. (NasdaqNM:INTC - news), the world's top semiconductor manufacturer. good call.

To: Tom Hua who wrote (4276)	12/14/2000 7:37:41 PM
From: steve susko	Read Replies (1) \| Respond to of 19633

Hi Tom, you think it will make a short term bottom tomorrow? the selling has been pretty severe this week, now it's back to the post election low .....