Microsoft Says it Hasn't Seen Weakness in PC Sales.
Maffei admitted to "the usual seasonal PC weakness" and said Microsoft was seeing the effects of some channel stuffing and inventory clearouts due to the shift over to the Pentium III. IBM Corp and Compaq Computer Corp were also taking away some business from retailers because of their direct sales efforts. And some overseas markets, such as Brazil, were also slow, he said. But Microsoft said sales remained "fully on track."
Worries over the outlook for Dell Computer Corp and Compaq Computer Corp PC sales sparked off the fear of a general PC slump earlier this month, and earlier this week Intel Corp shares fell on rumors that its first quarter earnings would come in below expectations.
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|Date:||Mar 12, 1999|
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