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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (14839)	10/20/2002 10:13:52 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

I've seen many people in the past few days try to pass off MSFT's comments and reduced guidance as them just being their normal conservative self. I think they're simply telling the truth. reuters.com Microsoft's Ballmer: Surge Is Anomaly SYDNEY (Reuters) - Microsoft Corp. said on Sunday a surge in first-quarter sales was not sustainable and forecast tough business conditions ahead. "We're not trying to say that we think the sales results of our first quarter will be sustainable. It is kind of a one-time anomaly," Microsoft Chief Executive Steve Ballmer told Australia's Nine Network. "We're still seeing the business as being reasonably tough, at least compared to, let's say, the good old days, reasonably tough around the globe." Microsoft, the world's largest software maker, said last week it had doubled September-quarter earnings and raised its full-year revenue and earnings outlook. The result, which topped cautious Wall Street estimates, was boosted by new subscription-style licensing that encourages corporate customers to pay yearly fees for software. Microsoft said last week its balance of unearned revenue could trend lower over the next few quarters following the initial surge caused by last-minute and new license sign-ups. Unearned revenue is revenue that has been booked but not yet recognized as income.