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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (4800)	4/20/1999 5:08:00 PM
From: jjs_ynot	Respond to of 20297

GOOD news for the Tech Sector: REDMOND, Wash. (CBS.MW) -- Microsoft reported Tuesday that fiscal third-quarter earnings increased 40 percent, as strong sales of its Office product helped the company surpass most analysts' projections. The software giant (MSFT: news, msgs) said after the closing bell that it earned 35 cents per share, 3 cents ahead of analysts' expectations. That's up from 25 cents per share in the same quarter last year. Sales increased 15 percent to $4.33 billion. Microsoft's report may go some distance toward alleviating investor concerns about the technology sector following a series of distressing symptoms among the industry bellwethers. In recent weeks, Compaq (CPQ: news, msgs) -- the world's largest computer maker -- warned it will earn just half of what analysts expected. Also, chip manufacturer Intel (INTC: news, msgs) reported lower-than-expected sales. Shares of Redmond, Wash.-based Microsoft edged up 2 1/8 to 83 1/8, but the issue is still down about 15 percent this month. About 53 million shares changed hands, compared with an average daily volume of 33 million shares. Microsoft is preparing two major products for release. In mid-June, the company is expected to roll out Office 2000, while the debut of Windows 2000 is slated for release by the end of the year.