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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Deryck Jordan who wrote (6015)	4/22/1998 9:08:00 PM
From: Maverick	Read Replies (1) \| Respond to of 74651

Going forward, Maffei said Microsoft faces challenges in Asia and a Year 2000 problem as corporations postpone purchases to fix legacy systems. The financial chief said he wasn't sure what the impact will be to Microsoft's bottom line. Microsoft also said it will have higher marketing expenses in the fourth quarter related to the launch of Windows 98, coupled with flat research and development spending. Marketing expenses were $829 million in the third quarter, said Maffei. "Fourth quarter revenue will be about flat with the current quarter," said Maffei. "Higher marketing spending may cause EPS [earnings per share] to be down a few pennies." Excerpts By Gabrielle Jonas, TechInvestor