Technology Stocks : Atmel - the trend is about to change


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To: Vikas who wrote (3541)2/11/1997 2:35:00 PM
From: JakeStraw of 13564
 
The following press release seems to be related to the NASDAQ weakness today:

Microsoft( Microsoft Corp ) reiterates slower growth
outlook

NEW YORK, Feb 11 (Reuter) - Microsoft Corp vice president and treasurer Greg Maffei
reiterated the company's outlook for slower overall growth.

"I am virtually certain that growth will slow in the future," Maffei told a Goldman Sachs technology
conference.

Maffei's comment generally repeated cautionary statements issued by Microsoft last month when it
reported fiscal second quarter earnings.

In particular, Maffei cited slower growth in Microsoft's desktop applications business, which
contibutes a considerable portion of the company's overall revenues.

"It's a challenge to get corporations to upgrade ..it's a slower growth business," Maffei said.

In January, Microsoft introduced a major upgrade of its Office suite of applications software.

Maffei also said that, despite rapid sales growth for the company's Windows NT software, the
product was not expected to have a significant impact on revenues in fiscal 1997.

Rick Sherlund, a Goldman Sachs analyst, forecast Microsoft would ship between two and three
million units of Windows NT in fiscal 1997, up from one million a year ago.

((-- Wall Street desk, 212-859-1730))
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