Microsoft earnings "everythings so negative"

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After Hours Trading Thu, 20 Apr 2000, 9:26pm EDT

After Hours Trading covers active stocks in after regular market trading on Island ECN, an electronic trading system which trades from 8 a.m. to 8 p.m. This story is released once a day before 7 p.m.

Microsoft Falls on Disappointing Revenue: After-Hours Trading By Philip Boroff

New York, April 20 (Bloomberg) -- Microsoft Corp. fell in extended trading after the world's top software maker reported disappointing revenue as corporations slowed their purchases of personal computers.

Microsoft fell 2 15/16 to 75 5/8, after gaining 1/4 to 78 15/16 during the day. The shares are down 32 percent this year. A federal judge ruled this month that the Redmond, Washington--based company violated antitrust laws.

Microsoft said earnings rose to 43 cents, 2 cents better than analysts expected, but revenue was $5.66 billion, below estimates of up to $5.95 billion. ``The revenue's light,'' said Larry Seibert, a money manager with Barrett Associates, which owns 1.2 million Microsoft shares.

``Everything is so negative. It would've been nice if they came in with a big number for the quarter.''

-- Swampthing (in@the.swamp), April 20, 2000

Answers

Please send money.

-- (Bill_and_Melinda_Gates@Redmond.WA), April 20, 2000.

Those numbers explain why MSFT decided to report after the close on a Thursday before a three-day weekend. Gives everyone more time to get ready for adverse investor reaction.

MSFT dropping will drag down both the Dow and the Nazz. Heavy gravity, this.

-- DeeEmBee (macbeth1@pacbell.net), April 21, 2000.


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