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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (43418)	3/9/2001 3:46:35 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Microsoft CFO Says No Change to Outlook SEATTLE March 9 (Reuters) - Software giant Microsoft Corp. (NasdaqNM:MSFT - news) has not changed its financial expectations for its current quarter, but remains cautious amid the U.S. economic slowdown, Chief Financial Officer John Connors said on Friday. ``The expectations we set we haven't changed from our Jan. 18 earnings call, but as we mentioned in our October call and as we mentioned in our January call, we sell products and services around the globe and we are not immune to economic downturns,'' Connors told Reuters in an interview. Microsoft, which makes the Windows computer operating system, in January lowered expectations slightly by saying fiscal third-quarter profits would come in at 42 cents to 43 cents a share. Wall Street had expected 44 cents a share. Connor's remarks came as two brokerages lowered estimates for Microsoft's third-quarter revenue and earnings, citing a warning by top computer chip maker Intel Corp. (NasdaqNM:INTC - news) on Thursday that its sales would fall amid weak demand for personal computers and servers. Microsoft shares fell $4, or 6.8 percent, to $54-1/4 in mid-afternoon trading on the Nasdaq. The stock is about half of its year high of $115 set last March.