Many software issues rise as market gains just 0.3% in lackluster trading

Article Abstract:

Software issues did well in a generally slow market for over-the-counter stocks, following a report by Oracle Corp of better-than-expected 2nd qtr earnings. Industry observers raised their Oracle ratings when the company reported earnings of 23 cents a share, up from 10 cents a share in the same period of 1991, and the company's stock increased 8 1/2, to 27 7/8. Other companies that did well include Sybase Inc, Informix Corp and 3Com Corp. 3Com reported, on Dec 22, 1992, that it has signed an agreement to acquire Star-Tek Inc, which manufactures Token Ring hub products. Broderbund Software Inc dropped 3 1/2, to 43 1/4. On Dec 22, the company reported 1st qtr earnings of 49 cents a share, compared with 35 cents a share in the first quarter of the previous year. Analysts say Broderbund's share price may have risen too fast.

Oracle Corp., Stock markets, Stock Market

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Microsoft's stock price may tumble

Article Abstract:

Microsoft Corp is probably due for a drop in the price of its stock. If so, some analysts say the setback will be temporary. One problem that looms in the immediate future involves an Apple Computer Inc lawsuit. Apple claims that Microsoft's Windows 3.0 graphical user interface (GUI) illegally copies Apple's Macintosh microcomputer screen display. If Microsoft's motions for a dismissal are not upheld and if the case goes to a jury, buyer uncertainty is likely to bring the price of Microsoft's shares down. Another problem for Microsoft could arise when IBM ships its new OS/2 operating system, a product that will compete for market share with Windows. Until now, Microsoft has been enormously successful. On Friday, Nov 6, 1991, Microsoft's stock rose $2.50 to a 52-week high, closing at $104.25.

Column, Legal Issues, Computer Software Industry, Court Cases

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Microsoft's stock rebounds $3 as analyst backs off comments

Article Abstract:

Rick Sherlund, whose prediction of reduced earnings for Microsoft Corp caused the company to lose $1.77 billion in market value in one day, backs off his prediction. Sherlund says he reduced his earnings prediction for FY 1993, ending Jun 30, from $3.10 to $2.90 because he believed Lotus Development Corp would instigate a price war in Europe, leading Microsoft to cut its own prices and thus reduce earnings. Microsoft's per-share net earnings for FY 1992 were $2.41. The Nov 23, 1992, announcement by Sherlund caused Microsoft stock to drop by $6.50 per share, to $88.50, for a market value loss of $1.77 billion on 273 million outstanding shares. Microsoft's stock bounced back to $91.50 on Nov 24. Sherlund still believes that software price cuts will come in Europe.

Computer peripheral equipment, not elsewhere classified, Security brokers and dealers, Officials and employees, Forecasts and trends, Securities industry, Goldman Sachs and Co., Market Value, Industry Analysts, Sherlund, Rick

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