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

To: Alan Buckley who wrote (9076)	7/9/1998 6:31:00 PM
From: Alan Buckley	Read Replies (1) \| Respond to of 74651

WSJ: Big Software Companies to Avoid Slowdown in Computer Industry interactive.wsj.com The biggest software company, Microsoft Corp., of Redmond, Wash., is expected to report fiscal fourth-quarter earnings roughly 20% higher than a year ago, according to a survey of analysts by First Call Corp. That would put Microsoft's earnings at 48 cents a share, compared with 40 cents a share in the year-ago period, after adjusting for a stock split. Some analysts think Microsoft's numbers might be better, although they haven't adjusted their published projections. Microsoft consistently tops Wall Street expectations. Rick Sherlund, at Goldman Sachs & Co., expects Microsoft to report net income of about $1.3 billion, or 48 cents a share, on sales between $3.7 billion and $3.8 billion, for the quarter, up from income of $1.06 billion on sales of about $3.18 billion for the year-ago period. For the fiscal year that ended in June, Mr. Sherlund pegged Microsoft's net income at $4.7 billion, on revenues of $14.25 billion. The resulting 33% net profit margin is enviable in any business. Microsoft's rapid growth has slowed a bit in recent quarters, as the company didn't introduce major new products and as personal-computer sales cooled. For the June 1997 quarter, Microsoft's sales were 40% higher than a year earlier. This year, sales growth for the June quarter is unlikely to hit 20%. But analysts expect Microsoft's growth to accelerate over the next year as the company introduces new versions of its PC operating system, database manager and office suite. The first of those products, Windows 98, debuted June 25, and sales so far have been stronger than analysts had expected. Few of those sales will be included in Microsoft's results for the June quarter, however. Windows 98 will "carry the day in the September and December quarters," said Chris Galvin, of Hambrecht & Quist Inc. Added Drew Brosseau of SG Cowen: "We expect their growth to rebound over the next four to six quarters, back to 30%" year over year.

To: Alan Buckley who wrote (9076)	7/10/1998 11:24:00 AM
From: Logos	Respond to of 74651

RE: <<Nobody wronged these "perma-temps". They knew going in exactly what the terms of employment were and they agreed to them>> I think a lot of us on this thread know someone or know of someone who was employed at Microsoft and then got laid off. The perma-temps are one example. A friend of my brother's got the boot right before she was supposed to get stock options. And so on and so on. However, like you said, people know the dangers going in, and I think most of them are not really trying to work at Microsoft forever but instead want to stay there for two years or so and have that magical name on their resumes. I sometimes do resume screening at my company and I sure know that my attention perks up when I see something like "Senior systems design specialist at Microsoft 1994-96" the effect is like "MBA Wharton-1997, BS Electronic Engineering CalTech-1993." Logos