Shares drop at Microsoft on forecast; analyst sees a decline in net from price cuts
Article Abstract:
Microsoft Corp's value fell approximately $1.77 billion after an analyst at Goldman, Sachs and Co predicted Microsoft would lower software prices in Europe. The shares fell 6.8 percent to $88.50. The analyst changed his forecast for Microsoft's earnings per share from $3.10 to $2.90 in FY 93, and from $4 to $3.70 in FY 94. The analyst said he thought Microsoft would use price cutting plans by Lotus Development Corp to help reduce European prices. Lotus' price cuts are likely to be greatest in France and Germany, where Microsoft dominates the market. Microsoft has considered changing prices to bring them closer to US prices and reduce cross-border disparities. A Lotus spokesman said the company will not cut prices by 30 percent, as the analyst predicted, but by about 10 percent.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Helping Lotus do the right thing in South Africa
Article Abstract:
Mackie McLeod, manager of Lotus Development Corp's innovative social investment fund in South Africa, is an African-American anti-apartheid activist who has had extensive experience in computer hacking, networking and grassroots organizing. His approach to social investment is a model that other American companies can emulate: instead of the usual gifts of money and equipment to white-run groups, McLeod works directly with information technology projects that are black-run, by training the trainers. Lotus has earmarked $320,000 as the trust's annual budget for its first year. One of the projects funded by the Lotus trust is the teacher's training center in the township of Alexandra. The center trains teachers to be computer-literate.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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