Thomas E.
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I was right, M$ is still around and doing rather well. So is Apple, and I was not so positive about that company back then.
Jan 22, 1998
Well, everybody keeps saying it's all over for good old M$, but here we go
again.....
===========================
Redmond, Washington – January 21, 1998 –
Microsoft Corporation today announced net income of $1.13 billion, and earnings
per share of $0.85 for the quarter ended December 31, 1997, a 49% increase over
the $0.57 earnings per share reported for the corresponding quarter last year.
Revenues totaled $3.59 billion, a 34% increase over the $2.68 billion during
the same quarter last year.
"European revenues were up 33% over the same quarter last year and OEM revenues
expanded 40%," noted Greg Maffei, chief financial officer. "But the news isn’t
all good, as revenues from Southeast Asia and the Far East declined 8% from the
prior quarter. Economic weakness in these geographies clouds the outlook for
calendar 1998."
Microsoft® Office 97 continued its impressive momentum by posting its third
consecutive quarter of increased shipments, while the Microsoft Windows® 95
operating system was seasonally strong. "Office 97 continues to be a success
because it offers customers ease of use, reduced cost of ownership, and true
web integration," said Jon DeVaan, vice president, Desktop Applications
Division.