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ComputerWorld: Microsoft earnings soar despite earlier cautions

Oct 20, 1999, 16:12 (2 Talkback[s])
(Other stories by David Orenstein)

"Microsoft President Steve Ballmer warned anyone who would listen last month that technology stocks, including his own, couldn't support their valuations. ... Less than a month later, Ballmer's pessimism was blown away by Microsoft's 37% increase in earnings..."

"One analyst said an important indicator of Microsoft's long-term strength will be the reception of the release, expected later this year, of the long-awaited Windows 2000.

'They always beat expectations, but I'm interested in seeing what happens when they come out with Windows 2000,' said Bonnie Brooks, primary analyst for business products at Creative Strategies Inc. in San Jose. 'That is really going to be the telltale of where they are going to go.' "

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