Future Tense - Microsoft stock

Grants | Legacy Digitization |
January 21, 1997
Jon Gordon - Reporter
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MICROSOFT CORP.'S SHARE PRICE ROSE TO RECORD LEVELS YESTERDAY DESPITE A WARNING BY THE SOFTWARE GIANT OF SLOWING GROWTH IN FISCAL 1998. MICROSOFT REPORTED OUTSTANDING SECOND-QUARTER RESULTS ON FRIDAY AND SPARKED A BROAD RALLY ON THE NASDAQ. BUT MICROSOFT EXECUTIVES WARNED OF A SLOWDOWN IN GROWTH IN FISCAL 1998 WHICH BEGINS JULY 1. BUT MOST INVESTORS DID NOT HEED THE WARNING. ANALYST SCOTT MCADAMS OF RAGEN MACKENZIE SAID INVESTORS ARE HAPPY TO PAY A PREMIUM FOR A COMPANY THAT DOMINATES ONE OF THE BIGGEST GROWTH INDUSTRIES AND CONSISTENTLY SURPASSES WALL STREET EXPECTATION

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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