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Microsoft Faces Rocky Road in Short Term

Time: 03:00 EST/08:00 GMT | News Source: Internet News | Posted By: Byron Hinson

Microsoft has some rough ground to cover in the December quarter, but things look much brighter in the longer term, according to Goldman Sachs & Co. analyst Rick Sherlund. "Investors will pretty much just have to look past this fiscal year and look out to fiscal 2003 to get excited about the stock," Sherlund said in research released Wednesday. Sherlund noted that Microsoft is susceptible to the whims of PC demand, and said the immediate outlook on that front remains poor, with sluggish corporate demand and low consumer confidence "reflecting the recessionary economy."

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