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To: Ron McKinnon who wrote (49562)	10/23/2003 6:21:44 PM
From: DanZ	Respond to of 53068

It looks like most technology stocks are getting hammered after hours. The S&P 500 futures are getting clobbered, down about 14 points right now. Microsoft beat the analyst's estimate but the stock is getting hammered. I don't think the sell off in the Nasdaq will have much staying power. We'll see. Microsoft beats the Street World's No. 1 software firm reports stronger-than-expected profit, but stock sinks after hours. October 23, 2003: 5:34 PM EDT ByPaul R. La Monica, CNN/Money Senior Writer NEW YORK (CNN/Money) - Microsoft Thursday reported that earnings jumped 28 percent for the latest quarter, thanks to stronger-than-expected sales of software for personal computers and servers. The world's No. 1 software company reported net income of $2.6 billion, or 24 cents a share, for its first fiscal quarter ended Sept. 30, up from $2 billion, or 19 cents a share, a year earlier. Microsoft said in July that its new restricted stock compensation program would result in a 6-cent-a-share hit to earnings in its first quarter. Backing that out, earnings came in at 30 cents a share, a penny a share higher than what analysts were expecting, according to First Call. Sales came in at $8.2 billion, up 6 percent from a year ago, and ahead of the consensus estimate of $8.1 billion. Microsoft (MSFT: Research, Estimates) stock sank 2.5 percent in after-hours trading, according to Island ECN, after ending little changed during regular trading. <more> money.cnn.com

To: Ron McKinnon who wrote (49562)	10/24/2003 4:28:24 AM
From: Larry S.	Read Replies (2) \| Respond to of 53068

Scientific-Atlanta (SFA: news, chart, profile) said fiscal first-quarter net income rose 74 percent over the prior year on increased shipments of its cable and satellite television equipment products. The maker of set-top boxes said its profit was $42.7 million, or 28 cents a share, vs. $11 million, or 7 cents, in the year-ago period. The figure in the latest period was a penny ahead of the average estimate of analysts polled by Thomson First Call. See full story. Shares of Scientific-Atlanta tumbled $5.18, or 14.8 percent, to $29.86