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CBSMarketWatch: Goldman cuts Microsoft sales outlook

Apr 12, 2000, 17:18 (3 Talkback[s])
(Other stories by Emily Church)

"Microsoft shares dropped 5.5 percent in mid-session trading Wednesday after influential analyst Rick Sherlund cut his revenue estimate for the software giant on expectations that PC sales were slower than anticipated."

"Sherlund cut his first-quarter sales outlook to $5.75 billion from $5.95 billion, which would translate into trimming the per-share earnings outlook by 2 cents."

"Microsoft's stock (MSFT...) accelerated its losses following the news, surrendering 4 5/8 to 79 1/4 on volume of more than 43 million. The issue isn't much above its 52-week low of 75 1/2, set last May 25."

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