Newsgroup: it.economia.borsa
Titolo: Dati Microsoft usciti????

Microsoft Announces Solid Fiscal Year 2002 Results
  Strong Customer Demand for Windows XP and Enterprise Servers Drive Revenue
                                    Growth
    REDMOND, Wash., July 18 /PRNewswire-FirstCall/ --
Microsoft Corp. (NASDAQ:MSFT) today announced revenue of $7.25 billion for
the quarter ended June 30, 2002, a 10 percent increase over the $6.58
billion
for the same quarter last year.  Operating income for the fourth quarter was
$2.87 billion, compared to $2.75 billion in the same period last year.  Net
income and diluted earnings per share for the fourth quarter of 2002 were
$1.53 billion and $0.28, which included an after-tax charge for investment
impairments of $806 million or $0.15.  For the same period of the previous
year, net income and diluted earnings per share were $65 million and $0.01,
including after-tax charges for investment impairments of $2.63 billion or
$0.47.
    (Photo:  
http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
 )
    The company also announced revenue of $28.37 billion for the full fiscal
year ended June 30, 2002, a 12 percent increase over the $25.30 billion
reported last year.  Operating income was $11.91 billion, compared to $11.72
billion in the same period last year.  Net income and diluted earnings per
share for fiscal year 2002 were $7.83 billion and $1.41, which included
after-
tax charges for investment impairments of $0.53, estimated expenses in
connection with consumer class action lawsuits recorded in the December 2001
quarter of $0.08, and a one-time gain on the sale of Expedia recorded in the
March 2002 quarter of $0.15.  For the previous year, net income and diluted
earnings per share were $7.35 billion and $1.32, which included after-tax
charges for investment impairments of $0.58.
    "The fourth quarter capped a great year for Microsoft, with solid
revenue
growth, successful product launches and our continued focus on managing
costs.
Robust customer demand for Windows(R) XP and other desktop software enabled
us
to deliver strong operating results this quarter, in spite of continued
uncertainty in the technology markets," said John Connors, chief financial
officer at Microsoft.  "While the current environment remains challenging,
we're making important investments in product development, marketing and in
our sales force that will position us for success in the current year and
beyond."
    Desktop software revenue was $4.97 billion, up 9 percent in the June
quarter.  For the full fiscal year, revenue was $18.90 billion, up 7 percent
from the prior year.  This solid performance was driven by strong growth in
client operating systems revenue of 20 percent and 16 percent for the
quarter
and year, respectively.  Demand was particularly robust for the Professional
versions of Windows, leading revenue to outgrow the personal computer
systems
market.  Desktop applications revenue also grew on the strength of
continuing
demand for Office by enterprise customers.  Further, Microsoft(R) Visio(R)
and
Microsoft Project both achieved record sales in the fourth quarter.
    Enterprise software and services revenue was $1.35 billion for the
fourth
quarter, up 4 percent from the prior year.  For the fiscal year, revenue was
$5.11 billion, up 6 percent from the prior year.  Revenue for the Windows
Server family of products grew by 13 percent this quarter and 10 percent for
the full year, outperforming the underlying server hardware market by a wide
margin.  "Microsoft SQL Server(TM) continued to outgrow its competition, and
we were thrilled to see our other server products, such as BizTalk(TM)
Server
and Content Management Server, gain traction and perform nicely," said Paul
Flessner, senior vice president, of the .NET Enterprise Server Division at
Microsoft.  "With the upcoming releases of Windows .NET Server and other new
server releases, such as Exchange and Content Management Server, we believe
customers will continue to recognize the benefits of increased business
value
and decreased total cost of ownership achieved by implementing solutions,
including XML Web services, on the Microsoft platform."
    Business Outlook
    Management offers the following guidance for the quarter ending Sept.
30,
2002:
    -- Revenue is expected to be in the range of $7.0 billion and $7.1
       billion.
    -- Operating income is expected to be in the range of $2.9 billion and
       $3.0 billion.
    -- Diluted earnings per share is expected to be either $0.42 or $0.43.
    Management offers the following guidance for the full fiscal year ending
June 30, 2003:
    -- Revenue is expected to be in the range of $31.4 billion and $32.0
       billion.
    -- Operating income is expected to be in the range of $13.3 billion and
       $13.6 billion.
    -- Diluted earnings per share is expected to be in the range of $1.85 to
       $1.91.
    Webcast Details
    Microsoft will hold an audio webcast at 2:30 pm PDT (5:30 p.m. EDT)
today
with John Connors to discuss details regarding the company's performance for
the quarter and other forward-looking information.  The session may be
accessed at 
http://www.microsoft.com/msft
.  The webcast will be available
for
replay through the close of business on Friday, July 26, 2002.
    Forward-Looking Statements
    Statements in this release that are "forward-looking statements" are
based
on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
such
as: entry into markets with vigorous competition, market acceptance of new
products and services, continued acceptance of existing products and
services,
changes in licensing programs, product price discounts, delays in product
development and related product release schedules, and reliance on sole
source
suppliers for key components of Xbox that could result in component
shortages
and delays in product delivery, any of which may cause revenues and income
to
fall short of anticipated levels; obsolete inventory or product returns by
distributors, resellers and retailers; warranty and other claims on hardware
products such as Xbox; changes in the rate of PC shipments; technological
shifts; customer demand for our product and services; the support of third
party software developers for new or existing platforms; the availability of
competitive products or services such as the Linux operating system at
prices
below our prices or for no charge; the affects of the Consent Decree in
United
States v. Microsoft on the Windows operating system and server business,
including those associated with protocol and other disclosures required by
the
Decree and the ability of PC manufacturers to hide end user access to
certain
new Windows features; the ability to have access to MSN service distribution
channels controlled by third parties; the risk of unanticipated increased
costs for network services; the continued ability to obtain or protect
intellectual property rights; changes in product and service mix; maturing
product life cycles; product sale terms and conditions; the company's
ability
to efficiently integrate acquired businesses such as Navision a/s;
implementation of operating cost structures that align with revenue growth;
the financial condition of our customers and vendors; unavailability of
insurance; uninsured losses; adverse results in litigation; the effects of
terrorist activity and armed conflict such as disruptions in general
economic
activity and changes in our operations and security arrangements; general
economic conditions that affect demand for computer hardware or software;
currency fluctuations; trade sanctions or changes to U.S. tax law resulting
from the World Trade Organization decision with respect to the
extraterritorial income provisions of U.S. tax law; and financial market
volatility or other changes affecting the value of our investments, such as
the AT&T securities held by Microsoft, that may result in a reduction in
carrying value and recognition of losses including impairment charges.
    For further information regarding risks and uncertainties associated
with
Microsoft's business, please refer to the "Management's Discussion and
Analysis of Results of Operations and Financial Condition" and "Risk
Factors"
sections of Microsoft's SEC filings, including, but not limited to, its
annual
report on Form 10-K and quarterly reports on Form 10-Q, copies of which may
be
obtained by contacting Microsoft's investor relations department at (800)
285-
7772 or Microsoft's investor relations website at
http://www.microsoft.com/msft
.
    All information in this release is as of July 18, 2002.  The company
undertakes no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's expectations.
    Founded in 1975, Microsoft is the worldwide leader in software, services
and Internet technologies for personal and business computing.  The company
offers a wide range of products and services designed to empower people
through great software -- any time, any place and on any device.
    Microsoft, Windows, Visio and BizTalk are either registered trademarks
or
trademarks of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.
     Microsoft Corporation
     Income Statements
     (In millions, except earnings per share)
                                    Three Months Ended        Year Ended
                                         June 30               June 30
                                      2001      2002       2001        2002
    Revenue                         $6,577     $7,253     $25,296
$28,365
    Operating expenses:
     Cost of revenue                   867      1,368       3,455
5,191
     Research and development        1,364      1,184       4,379
4,307
     Sales and marketing             1,359      1,543       4,885
5,407
     General and administrative        236        284         857
1,550
      Total operating expenses       3,826      4,379      13,576
16,455
    Operating income                 2,751      2,874      11,720
11,910
    Losses on equity investees and
     other                             (33)       (14)       (159)
(92)
    Investment loss                 (2,620)      (617)        (36)
(305)
    Income before income taxes          98      2,243      11,525
11,513
    Provision for income taxes          33        718       3,804
3,684
    Income before accounting change     65      1,525       7,721
7,829
    Cumulative effect of accounting
     change                              0          0        (375)
0
    Net income                         $65     $1,525      $7,346
$7,829
    Earnings per share:
      Basic before accounting
       change                       $ 0.01     $ 0.28      $ 1.45      $
1.45
      Diluted before accounting
       change                       $ 0.01     $ 0.28      $ 1.38      $
1.41
     Basic                          $ 0.01     $ 0.28      $ 1.38      $
1.45
     Diluted                        $ 0.01     $ 0.28      $ 1.32      $
1.41
    Weighted average shares outstanding:
     Basic                           5,381      5,415       5,341
5,406
     Diluted                         5,592      5,530       5,574
5,553
     Microsoft Corporation
     Balance Sheets
     (In millions)
                                              June 30, 2001      June 30,
2002
    Assets
    Current assets:
    Cash and equivalents                        $ 3,922             $ 3,016
    Short-term investments                       27,678              35,636
     Total cash and short-term investments       31,600              38,652
     Accounts receivable                          3,671               5,129
     Deferred income taxes                        1,522               2,112
     Inventory, net                                  83                 673
     Other                                        2,334               2,010
     Total current assets                        39,210              48,576
    Property and equipment, net                   2,309               2,268
    Equity investments                           14,361              14,191
    Goodwill                                      1,511               1,426
    Intangible assets, net                          401                 243
    Other assets                                  1,038                 942
       Total assets                             $58,830             $67,646
    Liabilities and stockholders' equity
    Current liabilities:
     Accounts payable                           $ 1,188             $ 1,208
     Accrued compensation                           742               1,145
     Income taxes                                 1,468               2,022
     Short-term unearned revenue                  4,395               5,920
     Other                                        1,461               2,449
      Total current liabilities                   9,254              12,744
    Long-term unearned revenue                    1,219               1,823
    Deferred income taxes                           409                 398
    Other                                           659                 501
    Stockholders' equity:
     Common stock and paid-in capital            28,390              31,647
     Retained earnings                           18,899              20,533
      Total stockholders' equity                 47,289              52,180
       Total liabilities and stockholders'
        equity                                  $58,830             $67,646
     Microsoft Corporation
     Cash Flows Statements
     (In millions)
                                                               Year Ended
                                                                 June 30
                                                             2001       2002
    Operations
     Net income                                             $7,346
$7,829
     Cumulative effect of accounting change, net of tax
75         --
     Depreciation, amortization, and other non-cash items    1,536
1,084
     Net recognized losses on investments                    2,221
2,424
     Stock option income tax benefits                        2,066
1,596
     Deferred income taxes                                    (420)
(416)
     Unearned revenue                                        6,970
11,152
     Recognition of unearned revenue                        (6,369)
(8,929)
     Accounts receivable                                      (418)
(1,623)
     Other current assets                                     (482)
(264)
     Other long-term assets                                   (330)
(9)
     Other current liabilities                                 774
1,449
     Other long-term liabilities                               153
216
       Net cash from operations                            $13,422
$14,509
    Financing
     Common stock issued                                     1,620
1,497
     Common stock repurchased                               (6,074)
(6,069)
     Repurchases of put warrants
                    (1,367)        --
     Other, net
                                       235         --
      Net cash used for financing                          ($5,586)
($4,572)
    Investing
     Additions to property and equipment                    (1,103)
(770)
     Purchases of investments                              (66,346)
(89,386)
     Maturities of investments                               5,867
26,246
     Sales of investments                                   52,848
53,065
      Net cash used for investing                          ($8,734)
($10,845)
    Net change in cash and equivalents                        (898)
(908)
    Effect of exchange rates on cash and equivalents           (26)
2
    Cash and equivalents, beginning of period                4,846
3,922
    Cash and equivalents, end of period                     $3,922
$3,016
     Microsoft Corporation
     Channel and Business Division Revenue
     (In millions)
                                         Three Months Ended    Year Ended
                                              June 30            June 30
                                            2001     2002     2001     2002
    Channels
    South Pacific and Americas Region      $2,656   $2,984   $9,515
$11,408
    Europe, Middle East, and Africa Region  1,145    1,224    4,864
5,130
    Asia Region                               777      704    3,058
2,831
    OEM                                     1,999    2,341    7,859
8,996
     Total revenue                         $6,577   $7,253  $25,296
$28,365
    Business Divisions
    Desktop Applications                   $2,507   $2,524   $9,543
$9,601
    Desktop Platforms                       2,043    2,442    8,041
9,298
     Desktop Software                       4,550    4,966   17,584
18,899
     Enterprise Software and Services       1,294    1,351    4,829
5,108
    Desktop and Enterprise Software and
     Services                               5,844    6,317    22,413
24,007
    Consumer Software, Services, and
     Devices                                  509      822     1,954
3,586
    Consumer Commerce Investments              96       13       299
242
    Other                                     128      101       630
530
     Total revenue                         $6,577   $7,253   $25,296
$28,365
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SOURCE  Microsoft Corp.
    -0-                             07/18/2002
    /NOTE TO EDITORS: If you are interested in viewing additional
information
on Microsoft, please visit the Microsoft Web page at
http://microsoft.com/presspass/
 on Microsoft's corporate information pages.
Shareholder and financial information as well as today's 2:30 p.m. PDT
conference call with investors and analysts is available at
http://www.microsoft.com/msft./
    /CONTACT:  financial analysts only, Krish Srinivasan, senior director,
Investor Relations 
+1-425-706-3703
, or press only, Rachel Wayne,
rwa...@wagged.com
, or Katy Fonner, 
kfo...@wagged.com
, both 
+1-503-443-7000
,
or Caroline Boren, 
+1-425-683-7000
 or 
caro...@wagged.com
, all of Waggener
Edstrom, for Microsoft/
    /Photo:  
http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
              AP Archive:  
http://photoarchive.ap.org
              PRN Photo Desk, 
888-776-6555
 or 
212-782-2840
/
    /Web site:  
http://www.microsoft.com/msft/



Inferiore alle stime.Non ho capito di quanto perche da tutta sera
l'audio di Bloomberg è una schifezza.
Giallonelcuore

 ha scritto nel messaggio
news:3d382637...@news.tin.it...



Ribadisco quanto visto su Bloomberg (inferiore alle stime).altro nun
so.
Giallonelcuore

superiore di un soffio
consensus 0.42
risultato 0.43 

Il fatturato è superiore alle stime (7.25 miliardi contro 7.06).
L'utile è inferiore alle stime (EPS di 0,28 contro 0,42 atteso).
Thursday July 18, 4:35 pm Eastern Time
Reuters Company News
Microsoft Q4 sales higher at $7.25 billion
SEATTLE, July 18 (Reuters) - Microsoft Corp. (NasdaqNM:MSFT - News) reported
a rise in quarterly net profit on Thursday, helped by corporate demand for
its enterprise products despite weak industry-wide personal computer related
sales.
For its fourth fiscal quarter ended June 30, Microsoft said its net profit
was $1.53 billion, or 28 cents per share, up from $65 million, or 1 cent per
share, a year earlier when it took a charge on investment losses.
The Redmond, Washington-based company had been expecting to report a net
profit in the 41 cents to 42 cents-per-share range, according to a forecast
it issued three months ago.
Analysts polled by Thomson First Call were calling for a net profit,
excluding goodwill, of 42 cents per share.
Microsoft's revenue was $7.25 billion, better than Wall Street's
expectations for $7.06 billion and compared to $6.6 billion a year earlier.

 ha scritto nel messaggio
news:SLFZ8.97530$vm5.3...@news2.tin.it...


 il che è molto diverso  :o))))
nell'attuale contesto sono dati che non servono a niente.
Le posizioni si assumono sulla base di altre considerazioni adesso.

 Le posizioni si assumono sulla base di altre considerazioni adesso.
Quali ?

> Quali ?
Il terrorismo, e non dico il verificarsi dell'evento, basta una notizia,
magari poi smentita, o come l'altra volta, il fumo che esce dal tombino.
Una riflessione : mercati KO , allarmi cessati . Perchè ?
Li lasciano salire di qualche punto poi via........  di nuovo. Una lettera
all'antrace , una bombetta, una minaccia qualunque...e altri milioni di
dollari.

 ha scritto nel messaggio
news:JZFZ8.97606$vm5.3...@news2.tin.it...

Personalmente credo che guardare al prezzo, agli utili che un'azienda fa,
alle sue prospettive di crescita e
alla serietà del management sia ancora (e in realtà sia sempre stato) il
migliore (l'unico ?) criterio da
utilizzare per prendere posizioni su di essa.
Il resto è solo gioco d'azzardo.

 comunque perde 10% nel dopo borsa 50,60 $ alle 0,10
Piano....piano col vino di sera........
 - MSFT
Microsoft Corporation  $50.70   -0.80%

Grazie 1000
Io lo guardo sul satellite.Su internet non so,ma sono un 
megaignorante telematico.Ci sono edizioni in moltissime lingue,quella
in italiano è a pagamento col pacchetto Tele+ (Superpremium),quella
inglese e tedesca sono ,credo,di libero accesso.
Giallonelcuore
PS Per la mail no problem.Ciao.