Word: microsoft
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...Microsoft announced Thursday that it had reverse engineered one of America Online's prize programs, the AOL Instant Messenger, and included the ability to exchange real-time messages with AOL users in its new MSN Messenger. The free MSN service can even monitor whether AOL users are logged in, mimicking AOL's wildly popular Buddy List service...
...Microsoft reported its earnings for the quarter ending June 30 yesterday. The results? Gates and Co. posted a net income of $2.2 billion, up from $1.36 billion this time last year. Earnings rose a healthy 62 percent. On Friday, Gates's personal fortune crossed the $100 billion mark, a watershed in the annals of filthy lucre. We curse Microsoft, we mock it, we pirate it, but it keeps on getting bigger. How does Bill...
...more numbers. Revenue rose 39 percent, to $5.76 billion. Microsoft's investments are performing swimmingly as well ? at $14.4 billion, they're up almost $10 billion from last year, if you count the $5 billion stake the company took in AT&T. Revenues were up 39 percent, to $5.76 billion. The results beat analysts' predictions by four cents a share...
...coming from? According to Greg Maffei, the company's chief financial officer, who spoke at a press conference, the Office 2000 applications suite (which includes such warhorses as Word and Excel) has done particularly well: Sales of so-called productivity applications in general poured $2.9 billion into Microsoft's coffers, more than half its total income. Maffei also cited sales of Windows, improved sales in Asia (worth $570 million) and better performance from Microsoft's web ventures, such as MSN. Maffei also confirmed that Microsoft was considering creating a "tracking" stock for its Internet properties. MORE...
Wall Street just remembered that to get rich, you?ve still got to sell once in a while. After watching the Dow and NASDAQ spend the past three weeks wafting in record territory, and hearing this week?s good-news, bad-news earnings reports - such as Microsoft?s, which combined Street-beating earnings with oblique forecasts of Y2K headaches - investors evidently figured Tuesday was as good a time as any. "This was profit-taking, pure and simple," says TIME Wall Street columnist Dan Kadlec of the three bears (the Dow shed 191, the Nasdaq...