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To: Mao II who wrote (52875)3/11/1999 5:34:00 PM
From: Kenya AA  Read Replies (1) | Respond to of 97611
 
M2: EXCELLENT NEWS!!!!! YES!!!!!

K

BTW, what was the estimate for ORCL anyway?



To: Mao II who wrote (52875)3/12/1999 7:42:00 AM
From: SC  Respond to of 97611
 
Details on Microsoft 8 cents shortfall
msnbc.com
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REVENUE DEFERRAL
Separately, Microsoft said Thursday that product revenue in the current quarter will be $400 million below expectations, because of the need to provide coupons so buyers of its Office software can upgrade when the new version of the program comes out next quarter. The $400 million, however, will show up in next quarter¡¯s results. And Microsoft¡¯s chief financial officer, Greg Maffei, said the shortfall this quarter, equal to about eight cents a share in net income, is likely to be offset by investment gains from Microsoft¡¯s huge cash horde.
Microsoft disclosed the revenue issue after stock markets closed Thursday. In earlier trading, its stock rose 6.25 cents to $161.4375 in Nasdaq Stock Market trading. After the announcement, its shares declined to $160.25, according to Instinet.
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