MS press release...

[feanor at gondolin.org (Bryan Strawser)]

I checked Microsoft's website for this and found a slightly different
statement that did not mention linux:

http://www.microsoft.com/presspass/press/2000/Dec00/EarningsPR.asp

Bryan

---
Bryan Strawser, feanor at gondolin.org
http://feanor.gondolin.org




> -----Original Message-----
> From: owner-discuss at blu.org [mailto:owner-discuss at blu.org]On Behalf Of
> ccb at valinux.com
> Sent: Thursday, December 14, 2000 5:59 PM
> To: discuss at blu.org
> Subject: MS press release...
>
>
>
> ------- Forwarded Message
> From: Larry Augustin <lma at valinux.com>
> Date: Thu, 14 Dec 2000 14:44:40 -0800 (PST)
>
>
> MS just warned that they won't meet analyst expectations for revenue
> and profit.  This release showed up in my email:
>
>
> Microsoft Says Sales, Profit Will Miss Street Expectations
>
> Software Giant Blames Linux, Long-Term Outlook Bleak
>
> A WSJ.COM News Roundup
>
> REDMOND, Wash. -- Microsoft Corp.  warned late Thursday that revenue
> and earnings for its current quarter will be shy of expectations,
> blaming poor sales on market share erosion to Linux.
>
> The company joins a parade of high-tech leaders that recently
> cautioned investors of poor results. Compaq Computer Inc., Advanced
> Micro Devices Inc. and Intel Corp, among others, issued profit
> warnings earlier this month.
>
> The software giant said it now expects revenue for the fiscal second
> quarter ending Dec. 31 to be in the range of $6.4 billion to $6.5
> billion -- about 5% below estimates -- and earnings of 46 cents to 47
> cents a diluted share.  Analysts surveyed by First Call/Thomson
> Financial were expecting a profit of about 49 cents a share.
>
> The company also lowered its revenue and earnings guidance for the
> remainder of the current fiscal year, which ends in mid-2001. The
> company said it now expects full-year fiscal 2001 revenue to be in the
> range of $25.2 billion to $25.4 billion, about 5% lower than
> previously expected.
>
> The company expects earnings per share for fiscal 2001 to be in the
> range of $1.80 to $1.82. Analysts surveyed by First Call/Thomson
> Financial were expecting a full-year profit of $1.91.
>
> John Connors, chief financial officer of Microsoft, said in a prepared
> statement: "Linux has had a devastating impact on our business.  We
> are losing customers at an increasing rate to the free operating
> system. Our long-term outlook remains difficult as Linux continues to
> erode our market share."
>
> Aside from the impact of Linux, Microsoft also blamed general weakness
> in PC sales and corporate information-technology spending.
>
>
>
> - --
> Larry M. Augustin, Ph.D.			Email:  lma at valinux.com
> President & CEO, VA Linux Systems, Inc.		Direct: 510.687.7029
> http://www.valinux.com				Fax:    510.683.8680
>
> ------- End of Forwarded Message
>
> -
> Subcription/unsubscription/info requests: send e-mail with
> "subscribe", "unsubscribe", or "info" on the first line of the
> message body to discuss-request at blu.org (Subject line is ignored).

-
Subcription/unsubscription/info requests: send e-mail with
"subscribe", "unsubscribe", or "info" on the first line of the
message body to discuss-request at blu.org (Subject line is ignored).