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

To: Chee Keong Loh who wrote (20867)	4/20/1999 4:35:00 PM
From: blankmind	Respond to of 74651

$1.02 in eps for first 9 months of '99 - to get back to a 100 or so p/e means the stock needs to go to $137

To: Chee Keong Loh who wrote (20867)	4/20/1999 4:36:00 PM
From: blankmind	Read Replies (1) \| Respond to of 74651

- you mean we're trading down in after hours? - you're joking, right?

To: Chee Keong Loh who wrote (20867)	4/20/1999 4:37:00 PM
From: taxman	Respond to of 74651

Microsoft Corp. (MSFT) 83 1/8 +2 1/8: software maker posts a fiscal Q3 net of $0.35 a share, three cents ahead of the First Call mean and in line with the whisper numbers, vs year-ago profit of $0.25 a share; revenues rose 14.9% to $4.33 bln..... regards

To: Chee Keong Loh who wrote (20867)	4/20/1999 4:38:00 PM
From: Shea Jones	Respond to of 74651

As I suspected, the cautionary rhetoric common to earnings releases, was toned down a bit, probably so as not to spook the skittish market. Maffei sounded downright giddy compared to previous earnings releases. From the Earnings release, which just now appeared at microsoft.com Reported revenue does not include unearned revenue of $400 million related to the Microsoft® 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® 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." "Microsoft SQL Server™ 7.0 is off to a fabulous start," said Paul Maritz, group vice president, Developer Group. "Corporate customers and applications developers are choosing SQL Server 7.0 for their database server needs, and licenses of SQL Server increased more than 50 percent over the comparable quarter of the prior year."