晉江學(xué)英語(yǔ)-在線英語(yǔ)培訓(xùn)-網(wǎng)上學(xué)英語(yǔ)

1、每天前20名注冊(cè)可獲免費(fèi)名師輔導(dǎo) 學(xué)英語(yǔ)記詞匯練口語(yǔ)真人一對(duì)一教學(xué) 搶注網(wǎng)址： 投資者考量微軟未來(lái) Saturday April 17, 9:15 pm ET By Meg Richards, AP Business Writer Investors Ponder Microsoft's Future As Computer Powerhouse Puts Some Legal Troubles Behind It (中文大意)微軟過(guò)去三十年取得的成功使其成為股票市場(chǎng)上第三大企業(yè)，也使其創(chuàng)始人比爾-蓋茨成為全球首富，但隨著公司最輝煌的頂峰已經(jīng)成為過(guò)去，投資者已經(jīng)開(kāi)始思考這家軟件巨頭的未

2、來(lái)。多年來(lái)，投資者一直將微軟視作一支增長(zhǎng)股，事實(shí)上其的確一直是高技術(shù)行業(yè)的晴雨表，但現(xiàn)在的微軟日趨成熟，其產(chǎn)品早已占據(jù)軟件市場(chǎng)主導(dǎo)地位，結(jié)果是其股價(jià)不再像十幾年前那樣持續(xù)攀升。標(biāo)準(zhǔn)普爾公司的分析師約翰-魯?shù)希↗ohn Rudy）表示：“現(xiàn)在一個(gè)主要的問(wèn)題是，微軟股價(jià)攀升的催化劑是什么？”分析人士預(yù)計(jì)，微軟未來(lái)幾天公布財(cái)報(bào)時(shí)不會(huì)宣布令人驚訝的消息，但投資者卻期待著微軟能夠找到增加利潤(rùn)的更多方法，因?yàn)樾掳鎃indows操作系統(tǒng)要到2006年才能面市。目前微軟現(xiàn)金儲(chǔ)備將近530億美元，其有可能收購(gòu)其他公司，也有可能給投資者發(fā)放紅利。魯?shù)险f(shuō)，考慮到現(xiàn)在微軟已經(jīng)與美國(guó)司法部達(dá)成了反壟斷和解，另外還和Su

3、n等對(duì)手就技術(shù)專利糾紛達(dá)成和解，微軟可能更愿意動(dòng)用現(xiàn)金進(jìn)行并購(gòu)活動(dòng)或是給股東分紅。分析人士稱，微軟的股價(jià)在眾人期待已久的新版Windows面市之前可能會(huì)繼續(xù)穩(wěn)步攀升，但這一趨勢(shì)并沒(méi)有刺激股民現(xiàn)在就購(gòu)買(mǎi)微軟的股票。魯?shù)险f(shuō)：“現(xiàn)在大家都認(rèn)為微軟的股票不會(huì)大幅攀升，所以都在持觀望態(tài)度?！盢EW YORK (AP) - Microsoft Corp.'s successes over the last three decades have made it the third-largest company in the stock market and its founder the rich

4、est man in the world. But with its peak growth years behind it, investors are wondering what's ahead for the computing powerhouse.For years, investors have classified Microsoft as a growth stock, and certainly it has been a bellwether for the high-tech sector. But the upstart that helped lead th

5、e tech revolution has become more mature, and with its products dominating the software market, its stock price no longer loops upward as it did in the company's youth."It seems like their shareholder base is really turning over from a lot of the growth funds to a value base," said Joh

6、n Rudy, an analyst with Standard & Poor's. "The big question is, what is the catalyst to get the shares going?"Microsoft is among more than 170 companies in the Standard & Poor's 500 reporting quarterly earnings in the coming week. It's expected to post profits Thursday

7、 of 29 cents a share and revenues of $8.66 billion, according to analysts surveyed by Thomson First CallResults are also expected from such bellwethers as Pfizer Inc., American International Group Inc., Altria Group Inc. and Coca-Cola Co. Though most companies have either matched or beaten Wall Stre

8、et's expectations so far this earnings season, the market's reaction has been muted. The prospect of higher interest rates has been an unwelcome distraction for investors, who are struggling through a correction that started in February.Investors searching for further evidence that the econo

9、my is improving will be listening closely to forecasts for the rest of the year, including Microsoft's. The company may not make any surprise announcements, but investors are looking to it to find ways to increase its profits since the next version of its Windows operating system isn't due u

10、ntil 2006.With almost $53 billion in cash and short term investments, Microsoft could go acquisition hunting, though its wrangling with regulators makes anything beyond a strategic niche purchase unlikely. It also could share more of its wealth with investors, either with a one-time special dividend

11、 or by raising its payout on an annual basis.Now that it has dealt with a series of legal issues in the United States and abroad, the company may be willing to do just that, though probably not next week, Rudy said.It recently settled patent and antitrust suits with Sun-Microsystems Inc., InterTrust

12、 Technologies and AT&T Corp., and last year it put to rest claims by Time Warner Inc. involving Netscape Communications. And most of the uncertainty surrounding its European Union antitrust case was dispelled last month, when EU regulators ruled against it, ordering sanctions and a big fine. Mic

13、rosoft is appealing the decision.Even without something to jog the stock in the near future, Microsoft's stock is likely to rise ahead of the much-anticipated launch of the new version of Windows. But that doesn't seem to be inspiring buyers now."Everyone believes the stock is stuck in

14、neutral. That really seems to be the expectation, and that's really not the case," said Rudy, noting that the company produced steady growth throughout the recent downturn.A lethargic stock price - now at $25.16, Microsoft hasn't traded near $40 since mid-2000 - and the prospect of a hi

15、gher dividend make the stock ever more appealing to value managers, such as Carl Peterson, president of Parkway Advisors in Abilene, Texas.Just before the EU decision, as the market was sinking into its correction, Microsoft's share price fell so far, it landed in a list of out-of-favor stocks P

16、eterson uses to build his firm's value equity portfolio. He ranks the stocks in the S&P 500 based on past performance, then makes value picks from the bottom 125."When we found it in our value list, ranked high, we were surprised . it was great for us, because it bumped up our presence

17、in the tech sector," Peterson said. "I'm hoping they will continue to identify their dividend strategy. A cash-kind of return on your investment, yet the ability to have equity growth come out the company . That's something we look for."The Dow Jones industrials ended the week

18、 up 9.94, or 0.1 percent, finishing at 10,451.97. The Standard & Poor's 500 index slipped 4.71, or 0.4 percent, to close at 1,134.61.The Nasdaq tumbled 57.12, or 2.8 percent, during the week, closing Friday at 1,995.74.The Russell 2000 index, which tracks smaller company stocks, closed the week down 14.51,