[Am-info] Microsoft 2Q Income Drops 13%

[Erick Andrews]

On Mon, 21 Jan 2002 16:32:57 -0500, Joe Moore wrote:

>On Mon, Jan 21, 2002 at 03:32:38PM -0500, Fred A. Miller wrote:
>>  
>> Net income declined to $2.28 billion in the second quarter, 
>> compared with $2.62 billion a year ago. Earnings per share of 
>> 41 cents missed analysts' consensus estimate of 43 cents per 
>> share. Excluding a charge of $660 million to settle class-
>> action lawsuits against the company, earnings would have been 
>> 49 cents per share, Microsoft said. Net revenue increased 18% 
>
>Microsoft's response:  See?  These lawsuits are ruining us!  We would
>have made more money if we didn't have these "consumers" suing us.
>
><sarcasm> Clearly, it's in the government's interest to stop all legal
>action against Microsoft so that it can get back to its fundamental
>business of using its monopoly power to increase its revenue. </>
>
>--Joe

<bigger sarcasm>  With the demise of Enron, maybe their umps
won't be watching 3rd base. </yep>

-- 
Erick Andrews