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To: Paul Shread who wrote (12182)9/5/2001 4:54:02 PM
From: KyrosL  Read Replies (1) | Respond to of 209892
 
You are right. The MSFT affirmation is for the fiscal year ending June 2002. Here is what the CFO said. Note the key assumption at the end.

``We'd anticipated for fiscal year '02 that we would achieve revenue of between $28.8 (billion) and $29.6 billion and that our operating income would be up about 8 percent and that our earnings per share would come in the range of $1.91 to $1.95,'' he said.

``A key variable in our assumption is that PC shipment demand for the full fiscal year would come in at mid-single digit growth,'' he added.



To: Paul Shread who wrote (12182)9/5/2001 4:56:57 PM
From: NOW  Respond to of 209892
 
Yes, exactly why this disclaimer; "A company spokesperson said later in the day that the comments were not intended to be a new affirmation of the targets but that Connors was only repeating what had been said in July"