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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Tom_ who wrote (5871)	4/20/1999 4:38:00 PM
From: VFD	Respond to of 17183

MSFT earnings. Microsoft tops analysts' profit view By Brenon Daly, CBS MarketWatch Last Update: 4:25 PM ET Apr 20, 1999 Tech Report 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. Today on CBS MarketWatch Stocks claw their way back Global economy not out of woods Microsoft earnings seen rising by 28% SBC, Ameritech, BellSouth profits rise StockWatch: Search value in Germany, Britain More top stories... CBS MarketWatch Columns Updated: 4/20/99 2:44:28 PM ET 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. Brenon Daly is an online reporter for CBS MarketWatch.