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

To: Dan Lazare who wrote (21252)	4/21/1999 9:36:00 PM
From: Maverick	Respond to of 74651

Greg M. said rev would rise about $500 million sequentially in the current qtr MICROSOFT CORP CFO Greg Maffei said late Tuesday the personal computer market remained "fundamentally healthy" despite recent problems at some large manufacturers. Maffei, in a conference call with analysts, also said Microsoft revenues would rise about $500 million sequentially in the current quarter, as he offered guidance that he said was basically unchanged. Specifically Maffei said year-over-year revenue growth in the current fiscal fourth quarter likely would be in the mid-20 percent range, putting it over $4.8 million, while earnings per share would be up 40 percent, putting it at 35 cents. (Reuters 06:59 PM ET 04/20/99) Credit Suisse First Boston said it had raised its fiscal 2000 earnings estimate for MICROSOFT CORP to $1.60 a share from $1.55. Noted the company's fiscal 3Q earnings of $0.35 per share, which beat CSFB and consensus forecasts. Said operating margins and other income during the 3Q were well above forecast. Said Microsoft's fiscal 2000 outlook continues to improve and $1.60 per share could prove conservative. Maintained its strong buy rating on the stock. (Reuters 08:27 AM ET 04/21/99)