Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rosebud who wrote (20880)	4/20/1999 4:42:00 PM
From: taxman	Respond to of 74651

Bloomberg. ============== Microsoft Corp., the world's largest software maker, earned $1.92 billion, or 35 cents a share, in the fiscal third quarter ended March 31. That's up from profit of $1.34 billion, or 25 cents a share, a year earlier. It was expected to earn 32 cents a share, according to First Call Corp. Revenue climbed 15 percent to $4.33 billion from $3.77 billion a year earlier. Revenue was expected to be $4.3 billion. Behind the Numbers The software powerhouse weathered the storm of slower growth in personal-computer revenue better than most technology companies because it's insulated from falling PC prices. Cheaper PCs actually help Microsoft because they spur demand, while Microsoft holds prices steady for the software loaded onto the machines. Microsoft's flagship Windows NT and Windows 98 operating systems reported strong growth. The NT system for corporate networks fueled sales of server- based application software that lets companies do business online. Exchange Server for electronic messaging and SQL Server for managing databases did particularly well. Microsoft deferred $400 million of revenue related to the introduction of Office 2000, the latest version of its popular package of business software. The revenue was deferred from the March quarter to the June quarter. The landmark antitrust trial involving Microsoft, now in recess, is expected to have no effect on third-quarter earnings. The U.S. Justice Department and 19 states accused Microsoft of using illegal tactics to extend its near-monopoly in computer operating systems to other markets such as Internet software, crushing rivals. What the Experts Say ''Price wars are good for Microsoft,'' said Mike Stanek, an analyst at Lehman Brothers, who has a ''buy'' rating on Microsoft. ''They get their bounty for each box, regardless of what's being charged.'' Previous Market Reaction Microsoft jumped 4.5 percent to 81 5/16 on Jan. 20, the day after it reported a 75 percent surge in fiscal second-quarter earnings. Market Performance Shares are down 15 percent from a record high close of 94 15/16 on April 5, closing at 81 on Monday. Today, it rose 2 1/8 to 83 1/8 in late trading.

To: rosebud who wrote (20880)	4/20/1999 4:42:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

Teflon: Don't want to hear my opinion? For you to hear I have to be bullish all the time?

To: rosebud who wrote (20880)	4/20/1999 4:48:00 PM
From: Michael Kucera	Read Replies (2) \| Respond to of 74651

Another day,another strong earnings release by MSFT. They made nearly TWO BILLION this quarter!!! If you are rotating out of this stock and into something else then you need SERIOUS financial help. Let's see how the A$%holes on the Street spin this tomorrow for their own use and abuse...should be another interesting day for the tech stocks. BTW, can anybody spot the PC slowdown in MSFT's earnings? Gee, neither can I....it must not be a very BIG slowdown afterall.