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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (55633)	10/17/2002 5:27:54 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

msft 700mm over expectations NEW YORK, Oct 17 (Reuters) - Shares of Microsoft Corp. (NasdaqNM:MSFT - News) soared in extended trading on Thursday after the No. 1 software maker posted a rise in first-quarter net profit as a new licensing plan and reseller sales fueled revenue above the software giant's own expectations. Shares soared to $51.50, up from their Nasdaq close at $50.75. The company also said revenue was $7.75 billion, better than Microsoft's own expectations for between $7.0 billion and $7.1 billion. A basket of the 100 largest non-financial stocks traded on Nasdaq was up in extended trading. The Nasdaq 100 after-hours indicator rose 12 points, or 1.3 percent.