SHARE
Facebook X Pinterest WhatsApp

ComputerWorld: Microsoft CFO stuns Wall Street with lowered revenue outlook

Written By
thumbnail
Web Webster
Web Webster
Apr 21, 2000

A Microsoft official, ending an unusually downbeat earnings
call, voiced strong concern about corporate PC spending last night,
setting off a chorus of concerns about the impact that might have
on the stock market when it reopens for trading on
Monday.

“In a conference call with reporters and analysts Thursday
evening, Microsoft Chief Financial Officer John Connors said lower
than expected sales of business PCs dampened the company’s
third-quarter revenue. Connors also had pessimistic words about
ongoing business PC growth, while an analyst interviewed after the
call wasn’t much more optimistic.”

“There is a level of saturation” of the business PC market, said
Anne Bui, an analyst at Framingham, Mass.-based International Data
Corp. (IDC). She pointed out that both IBM and Gateway Inc.
reported declines in commercial PC sales for their latest
quarters.”

Complete
Story

thumbnail
Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

Recommended for you...

Red Hat reveals major enhancements to Red Hat Enterprise Linux AI
sjvn
Oct 22, 2024
How to Find AWS EC2 Instance Type Over SSH (6 Methods)
Benny Lanco
Sep 23, 2024
Crond: Daemon to Execute Scheduled Commands
Rose Hosting Blog
Sep 20, 2024
A Detailed Introduction to Oracle VirtualBox
Senthil Kumar
Sep 19, 2024
Linux Today Logo

LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.