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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Lee who wrote (35463)3/25/1998 7:53:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Microsoft Lifts tech stocks in London.....Spectacular!!!!!

Lee and thread:

Have y'all seen this????? Spectacular!!!!!!!!!!

Wednesday March 25, 7:16 am Eastern Time

London U.S. stocks lifted by Microsoft

LONDON, March 25 (Reuters) - U.S. stocks in London gained on Wednesday, lifted by Microsoft Corp (MSFT - news) which said it expected current third quarter earnings to beat analyst expectations by around nine percent.

Chief financial officer Greg Maffei said after the market shut in New York on Tuesday that earnings would be boosted by strong sales and declining expenses.

By 1105 GMT, Microsoft shares were indicated over $5 higher at $90.

The comments from the computer software giant were followed by encouraging words from Dell Computer Corp (DELL - news) -- also after the market close -- which said it had been unaffected by a personal computer price war in the United States. It added it expected strong sales growth to continue through 1998.

Dell shares were marked up $1-3/4 to $67-1/2.