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

To: yard_man who wrote (20857)	4/20/1999 4:31:00 PM
From: B.REVERE	Read Replies (1) \| Respond to of 74651

Warning from the CEO Please visit our sponsors! DJIA 10448.55 +8.02 NASDAQ 2409.71 +64.10 S&P 500 1306.17 +16.69 30 Yr Bond 5.509 -0.03 Latest News Headlines - industry specific, SEC filings, market alerts, and more Your stock list [Edit],[View] - PFE \| MRK \| IBM \| MSFT \| INTC \| CSCO \| DELL \| NSOL \| AMZN \| EBAY \| AOL \| YHOO \| GE \| UTX \| JPM \| C \| WMT \| OSTE \| LU \| ASND \| HWP \| WSTL \| PAIR \| AWRE MICROSOFT CORP (NASDAQ: MSFT) Quote, Profile, History, News, Chart, Zacks, MarketGuide, StockTalk News April 20, 16:18 Eastern Time MICROSOFT ANNOUNCES STRONG QUARTERLY REVENUE AND INCOME Breadth of Product Line Successes Drives Results (All prior share and per share amounts have been restated to reflect the two-for-one stock split in March 1999.) REDMOND, Wash., April 20 /PRNewswire/ -- Microsoft Corp. (Nasdaq: MSFT) today announced net income of $1.92 billion and diluted earnings per share of $0.35 for the quarter ended March 31, 1999, a 40 percent increase over the $0.25 diluted earnings per share reported for the corresponding quarter last year. Revenue totaled $4.33 billion, a 15 percent increase over the $3.77 billion for the comparable quarter last year. Reported revenue does not include unearned revenue of $400 million related to the Microsoft(R) Office 2000 Technology Guarantee, which will be recognized in coming quarters, as required by generally accepted accounting principles. The Company also realized investment gains of more than $350 million during the quarter. "Microsoft had solid performance across all product lines, but the brightest spots were the continued migration to Windows NT(R) Workstation, strong demand for Office despite the impending upgrade, and the strength of our server applications. Results in Asia were also much improved," said Greg Maffei, chief financial officer. "However, we remain guarded about growth in 1999, given the likelihood that organizations will lock down their systems infrastructures due to year 2000 concerns."