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

To: taxman who wrote (17780)	3/11/1999 8:11:00 PM
From: puborectalis	Respond to of 74651

Microsoft CFO Comfortable With Q3 Earnings Estimates By Reuters, 03/11/99 19:10 SEATTLE (Reuters) - Microsoft Corp. chief financial officer Greg Maffei said Thursday he was comfortable with earnings estimates for the current third quarter despite a plan to shift $400 million in revenues into future periods. 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. On average analysts expect Microsoft to earn $0.65 in the current quarter, according to First call, up from $0.50 a year earlier. Maffei said Microsoft was seeing an expected seasonal slowdown in revenues as computer manufacturers bring down inventories after a strong holiday season and preparing for the release of Intel Corp.'s new Pentium III processor. ''The business is fine,'' Maffei said. ''The revenue side is coming in just as we expected and we're quite happy with the progress of this quarter.'' He said that, despite some concerns about a potential market slowdown, Microsoft's business suggests that worldwide end-user demand remains ''very good.'' Maffei also said the company was on track to release Office 2000 for manufacturing by the end of the current quarter. [ Send this story to a friend \| Easy-print version ]