Microsoft Slips 5.2% as Estimate is Cut

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Microsoft

(MSFT) - Get Report

was down 5.2% in preopen

Island

trading after

Goldman Sachs

lowered its 2001 earnings estimate to $1.88 per share from $1.91, citing slowing demand for PCs.

Goldman, however, noted that consumer sales of PCs make up just 10% of Microsoft's revenue and said the revision to its estimate is "only relatively moderate."