Microsoft stock falls 7% on fears of analyst about European prices
Article Abstract:
Microsoft Corp's falls $6.50 to $88.50 in national over-the-counter trading on Nov 23, 1992, after influential analyst Rick Sherlund of Goldman, Sachs and Co slashes his earnings estimates for the fiscal year ending Jun 30, from $3.10 to $2.90 and for the following fiscal year from $4 to $3.70. But other analysts say the market overreacted. Reportedly, Sherlund is concerned that price cuts by Lotus Development Corp's French subsidiary could trigger a price war in the European software market that would hurt Microsoft's earnings. Lehman Brothers analyst David Readerman calls the Lotus move a 'non-event.' European-language versions of software cost 15 percent to 35 percent more than English-language versions. Borland International Inc's stock tumbled 10.2 percent in Sep 1992 after Sherlund slashed his earnings estimate for the firm.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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IBM won't favor Microsoft over Adobe
Article Abstract:
In what is being called a limited victory for Adobe Systems Inc, IBM announces it will support Adobe's Postscript computer printer typeface technology as well as Microsoft's Truetype technology. The announcement should help bolster Adobe, which saw its stock plunge 40 percent after its largest customer, Apple Computer, joined forces with Microsoft to market a competitive product. Adobe's stock jumped $2.125 a share to close at $32.50 after IBM's announcement. IBM stated the reason for supporting Postscript was concern for its customers who have large investments in Adobe compatible systems. Analysts say Microsoft may still overtake Adobe, but IBM's decision makes the gap a little greater. Microsoft may start bundling its Truetype software with other popular Microsoft applications as a way of entering the market.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Software hit aids Microsoft in IBM duel
Article Abstract:
Microsoft Corp's MS-DOS Version 5.0 puts Microsoft in a better position in the company's competition with IBM. Microsoft's MS-DOS once was sold only via manufacturers, who included MS-DOS with their machines, but now, Microsoft also sells MS-DOS 5.0 through retail outlets. MS-DOS 5.0 appeared in stores in Jun 1991; in 30 days a million copies were sold. Egghead Software sold out in some stores even though Egghead bought 500,000 copies in the biggest order for a software product ever placed. IBM has tried to lure customers away to its OS/2 system, but customers are staying with MS-DOS and with Microsoft's Windows 3.0 program, which is also very popular. With MS-DOS 5.0 now selling for as little as $39.95, IBM is not likely to convince many users to switch to OS/2.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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