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  Microsoft won't reduce marketing expenses: CFO
Time: 12:41 EST/17:41 GMT | News Source: Globe News | Posted By: Todd Richardson

Microsoft Corp.'s chief financial officer said yesterday that, while the software giant has lowered revenue estimates for fiscal 2003, it is not cutting back on marketing expenses because it wants to promote new products. John Connors, who was reviewing Microsoft's business for analysts in New York, said the company reduced its 2003 revenue forecast to between $31.9-billion (U.S.) and $32.1-billion, from $32.2-billion and $32.6-billion, because it was seeing softer-than-expected spending on information technology. But Mr. Connors, whose remarks were consistent with those made in its Jan. 16 conference call, said fiscal 2003 will be a year of major investments for the Redmond, Wash.-based company.

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