(MSFT) - Get Report

was up 0.9% in preopen


trading after

Goldman Sachs

lowered its earnings and revenue estimates for the software giant. Goldman, citing the string of preannouncements in the PC industry, cut its 2001earnings estimate to $1.75 from $1.78 and lowered its 2002 outlook to $1.75 from $1.86. Goldman lowered its revenue estimate for the current quarter to between $6 billion and $6.1 billion. The Street currently expects $6.2 billion.