Shares of Intel and Microsoft fall sharply: software firm's warnings, chip maker's earnings shake hot tech sector
Article Abstract:
Warnings from Microsoft and Intel's lower than expected earnings dramatically slowed the market for technology stocks. Microsoft's shares fell 6.5% in the week beginning Jul 17, 1995. Share price fell $7.125 to $101.875. Intel's 2nd qtr earnings increased 37% over 1994 figures to $879 million and 99 cents a share, but analysts had expected shares to reach $1.05 each. Subsequently, Intel's stock fell 4.2%, or $3.188, to $73.25 and ended at $67 in after-hours trading. Analysts believe the market is correcting for recent overconfidence in the sale of PCs and software applications and that the companies themselves are not at risk. Microsoft warned that sales of Windows 95 would slow in the 4th qtr of fiscal 1996. Microsoft will not recognize 40% of revenue from Windows 95 sales in an effort to flatten new product revenue surges. The policy demonstrates that Microsoft believes it will have to spend more later on support and upgrading of Windows 95.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Patents hit record in '98 as tech firms rushed to protect intellectual property
Article Abstract:
Intellectual property means many things now, in the U.S. Patent Office. Software is being patented, for instance, because copyright protection isn't as good. Internet and telecommunications technologies are being patented. IBM is a good example of why patents awarded jumped 33% over 1997. The firm took in over $1 billion in licensing fees in 1998 due to its record number of patented products being used by 1,600 different companies.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Pervasive Software limps away from tech wreck 2000; database firm seeks to regain momentum after failure of Internet business
Article Abstract:
Pervasive Software Inc., a database software company, is trying to re-establish investor confidence after an almost fatal decision to invest millions into marketing their Internet product known as Tango. The stock plummeted from more than $36 per share down to $12 in October of 1999. Now, Pervasive is trying to scramble back into business and regain consumer confidence int its products.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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