Microsoft Treats Traders
Updated from July 20
Microsoft's(MSFT Quote) fourth-quarter earnings fell from a year ago, but the company gave shareholders plenty to cheer about with a full-year outlook above expectations and a plan to buy back $20 billion of stock.
CFO Chris Liddle also lowered the stress level around the upcoming launch of the next generation of Windows, saying the key product is still on track for availability to businesses in November and consumers in January. And the company now expects to sell a total of 13 million to 15 million of its Xbox 360 consoles by the end of fiscal 2007, Liddle said during a conference call with analysts.
The news sparked a rare Microsoft rally; in early Friday trading shares were up $1.18, or nearly 5.2%, to $24.03. ...
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