Microsoft Falls

AMD sinks after reporting results, GE's net falls; plus more of today's stocks in the news

Microsoft (MSFT ) posted 47 cents, vs. 41 cents, second-quarter earnings per share (including charges) on a 10% revenue rise. The software maker's revenue for the quarter was a bit disappointing, and it lowered its sales forecast slightly for the year. Microsoft says it sees $1.90 to $1.93 earnings per share in fiscal 2003. Additonally, Microsoft set a 2-for-1 stock split, and announced an annual eight cents a share (post-split) dividend. But Wall Street expressed concern about the outlook for technology spending. Goldman reportedly removed Microsoft from its investment list. Microsoft shares fell 7% Friday to $51.46.

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