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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (76230)	3/11/1999 9:01:00 PM
From: John Hull	Read Replies (1) \| Respond to of 186894

RE:"Maffei said Microsoft earnings for the current fiscal third quarter should be in line with expectations despite plans to defer $400 million in revenue for accounting reasons, Maffei said. While the news was seen as neutral, Maffei's bullish comments on the state of the computer market could carry some weight in the surging stock market, analysts said. ''It will be seen as a positive,'' said Chris Galvin of Hambrecht and Quist. ''The indications were that December was a good quarter and March wasn't. Now it may not be as bad as many were fearing.'' Maffei said the $400 million in so-called unearned revenue, related to the forthcoming release of the Office 2000 software package, would be offset by an increase in investment income." I'm not so sure the street will take this well. We'll see. jh