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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: Boplicity who wrote (1505)6/7/2001 1:49:54 AM
From: D.B. Cooper  Read Replies (1) | Respond to of 13815
 
Thursday June 7 1:06 AM ET
Microsoft Sees Asia Sales Up 27 Percent
KUALA LUMPUR (Reuters) - U.S. software giant Microsoft Corp said on Thursday consumer affluence and increased government spending would spur its Asian sales to jump 27 percent in the financial year ending June 30.

``Our fiscal year ends in June...we are growing about 27 percent this fiscal year and we also grew in excess of 20 percent last year,'' Michael Rawding, President Asia at Microsoft, told a news conference.

Microsoft's global revenue for nine months ended March 31 rose to $18.84 billion from $17.15 billion in the same period a year ago.

He was speaking after the launch of a new version of the company's Office package of business applications, called Office XP, in the Malaysian capital.

Rawding said Asia, which accounted for 18 percent of Microsoft's total revenues from commercial business, has been one of its fastest growing markets for the last couple of years.

Rawding said increased information technology investment by Asian governments and companies, coupled with higher consumer spending, would offset the impact of a downturn in the global technology sector and an economic slowdown in the United States.

``It should be noted that relative to other markets, the Asian market is under-penetrated,'' he said.

While Japan remained the software giant's largest Asian market, Rawding expected South Korea (news - web sites), China and India to register strong growth during the year.

Rawding said Microsoft's newly launched Office XP was a money spinner that would boost its Asian business.

Office has some 250 million users worldwide, with some analysts saying it has a 90 percent market share.

Rawding said there are about 80 million users in Asia.

``We anticipate that Office will continue to be the largest revenue generator for us,'' he said, adding that the product had not reached saturation level.

Microsoft's share price closed at $72.36 on Nasdaq on Wednesday, down 24 cents.



To: Boplicity who wrote (1505)6/7/2001 7:30:26 AM
From: horsegirl48  Read Replies (1) | Respond to of 13815
 
Do you believe it is still cloudy out?? This is amazing, must be some sort of world record or something. Reminds me of the stock market when it kept going down everyday like clock work and you could not believe it. What will we do when sun comes out? I bet alot of us humans will get sick from sun exposure, Bop this is really depressing already



To: Boplicity who wrote (1505)6/7/2001 8:24:15 AM
From: Sig  Read Replies (1) | Respond to of 13815
 
Morning Bo:
Thats a great chart site- seems to do most anything one wants. I'm not a chartist at all, so you can do things 100 or 1000 times faster.
What does your chart say about GLW (any hope there?).
Any opinion on Optn and Stor for ST direction ?. Stor seems to have an upper resistance level
And Taro pretty wild so I don't think a chart would help.
It doesn't seem to matter what one says about stocks- analysts and funds have been far more wrong than right but are still out there telling us what is good or bad. We have a right to be wrong also.(G)
Sig
Wondering what the heck all this news has to do with investing properly. We are always waiting for something.
Today its all Intc and whatever happens to Dow, Nas, and even The Nikkei gets blamed on whatever Intc says. And tomorrow that will all be forgotten.
If not intc then its Mr G or the CPI or the price of oil or Csco earnings or a potential Lu buyout ....



To: Boplicity who wrote (1505)6/7/2001 9:28:34 AM
From: Venkie  Read Replies (1) | Respond to of 13815
 
My Belly<gg<
That's what happens when the grandkids come..milk-cookie...ice cream floats<gg<. It comes and goes like the 2 of those little guys..The more they visit ..the more it grows.