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


To: johnd who wrote (17731)3/11/1999 6:21:00 PM
From: Richard Forsythe  Read Replies (1) | Respond to of 74651
 
Well the news release said:

Maffei said in a conference call with analysts that the shift in revenue, most of which will be recognized in the fourth quarter, would be offset by an increase in investment income.

In other words, they missed $400m this Q and so they sell some appreciated stock or something to make up the earnings? That is not particularly bullish...

Of course, who knows what was actually said? "The media" is rarely accurate in their rush for a good story...

Richard



To: johnd who wrote (17731)3/11/1999 6:22:00 PM
From: Catcher  Read Replies (1) | Respond to of 74651
 
in other words--"we are $400 million ahead of expectations...
thus far. we hope to be $800 ahead by end of quarter (though
400 will be moved to following q)!!!