[Am-info] Microsoft misses earnings!
John J. Urbaniak
jjurban@attglobal.net
Fri, 18 Jul 2003 10:46:48 -0400
MS missed its quarterly earnings estimate by a penny. That's a penny
per share. There are over 10 billion shares of stock outstanding. So
that's a miss of 100,000,000 dollars.
I am not sure, but I think this is the first time this has happened.
I know, there's spin about increased revenues and profits over last
year. But usually MS *beats* the earnings estimate.
All those MS employees who are getting "restricted" stock instead of
real pay should be concerned that the glory days for Gates' company are
over. That stock ain't gonna grow much, if at all.
Of course, Gates and Ballmer know this. That's why they cashed in their
own stock.
John