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NAS:MSFT, Feb 28, 10:57 UTC

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What is Bill Gates' net worth?

MSFT

Bill Gates, most famous for being the co-founder of Microsoft Corporation and one-time richest man in the world, has gone from tech wizard to billion-dollar philanthropist. Gates along with childhood friend Paul Allen founded Microsoft on April 4, 1975. Originally based in Albuquerque, New Mexico, it eventually relocated to Washington state in 1979. One of the biggest leaps on the ladder of success for Microsoft came on Nov. 6, 1980, when IBM made a contract stating it would pay Microsoft $430,000 (around $1.5 million today, inflation-adjusted). Shares closed at $28 on first day of trading, making a 31-year-old Gates and his 11.1 million shares worth $310 million, marking his debut on the Forbes 400 with $318 million.

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Microsoft, Carvana Fall; Etsy, Square Rise

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The software giant said its personal computing segment won't meet revenue forecasts because of the virus outbreak. The dental and animal health products company beat analysts' fiscal third-quarter profit and revenue forecasts. The app maker for processing credit card payments beat Wall Street's fourth-quarter financial forecasts as it gained subscribers. The online crafts marketplace beat analysts' fourth-quarter earnings forecasts and gave investors a strong revenue forecast for the year.

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Top Analyst Reports for Microsoft, Chevron & Accenture

MSFT ACN +1 more MSFT ACN CVX

Today's Research Daily features new research reports on 16 major stocks, including Microsoft (MSFT), Chevron (CVX) and Accenture (ACN). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst believes that the ongoing expansion in Microsoft Teams’ subscriber base improved the company’s competitive edge in the enterprise communication market against Slack and Zoom. The Zacks analyst believes that Chevron is one of the best-placed global integrated oil companies to achieve sustainable production ramp-up.

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Dow Jones News: Microsoft Warns on Guidance; Apple Loses Execs

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More companies have warned about the negative impact of the coronavirus outbreak, and the first case in the U.S. that can't be traced has been confirmed. The software and cloud computing giant warned late Wednesday that its "more personal computing" segment, which includes Windows as well as devices and gaming, would miss the company's previously issued guidance for the fiscal third quarter. This guidance featured a wide range to reflect the heightened uncertainty surrounding the coronavirus outbreak in China, but Microsoft underestimated the supply chain disruption caused by the outbreak. Microsoft is far less dependent on gadgets than Apple, instead generating the bulk of its revenue from software like Office and cloud infrastructure.

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Microsoft shares fall 4% after warning of coronavirus hit to supply chain

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(Reuters) - Shares of Microsoft Corp (MSFT.O) fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc (AAPL.O) and HP (HPQ.N). The drop in share price wiped off nearly $50 billion from the Microsoft's market value on a day when broader markets were down more than 2%. Microsoft said on Wednesday its supply chain was returning to normal operations at a slower pace than anticipated and its Windows and Surface computers had been more negatively impacted than expected. "Given there seems to be weakness in the PC supply chain, it would seem highly likely to me that we hear something from Intel," Atlantic Equities analyst James Cordwell said in a mail. Andrew MacMillen, an analyst with Nucleus Research, said that PC makers such as Dell Technologies Inc (DELL.N) and Lenovo Group (0992.HK) could be seeing some difficulties.

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Microsoft Keen On Investing In Indonesia, Says The President, Promises Simpler Regulations

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Microsoft Keen On Investing In Indonesia, Says The President, Promises Simpler Regulations. Indonesia President Joko Widodo, on Thursday, said that Microsoft Corporation (NASDAQ: MSFT) is very keen on investing in data centers in the country. "Microsoft wants to invest immediately in Indonesia," Widodo said after the meeting with the technology giant's chief executive officer Satya Nadella, as reported by Reuters. A joint study by Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), Bain & Company, and Temasek Holdings rated the country the fastest growing economy in the region, especially in the digital sector, Reuters noted.

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Microsoft Is Investing Over $1 Billion in This Unloved Emerging Market

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Mexico is an emerging market, but it's rarely mentioned in the same breath as higher-growth countries like China or India. That's why it wasn't surprising when Microsoft(NASDAQ: MSFT) recently announced that it would invest $1.1 billion in Mexico over the next five years. In a video released by the Mexican government, CEO Satya Nadella stated that Microsoft would build a new data center in Mexico and invest in new training labs and programs across the country. The rest came from "other countries," but Microsoft doesn't break down its international sales by individual countries or regions. However, it noted that no country outside of the United States generated more than 10% of its revenue.

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Stocks - Microsoft, AB Inbev, Booking All Take Virus Hit in Premarket

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9 AM ET: Continental Resources (NYSE:CLR) stock fell 23% after the shale oil and gas driller forecast lower-than-expected free cash flow for the year, as low prices neutralize the benefits of tighter cost control. 8:54 AM ET: Best Buy (NYSE:BBY) stock fell 3.4%, caught up in the general market malaise despite reporting fourth-quarter earnings and revenue that were better than expectations. Chief financial officer Matt Bilunas said that the company expects a hit of some degree from the Covid-19 virus but added that he expects it to be temporary. 8:49 AM ET: Gilead (NASDAQ:GILD) stock was up 5.0% at its highest in five months after the pharma company announced the start of two phase-3 tests for its anti-retroviral drug Remdesivir.

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Microsoft Shares Fall As Company Warns Of Q3 Earnings Miss Due To Coronavirus Impact

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Microsoft Shares Fall As Company Warns Of Q3 Earnings Miss Due To Coronavirus Impact. Microsoft Corporation (NASDAQ: MSFT) shares fell in the after-hours session on Wednesday as the technology giant said it doesn't expect to meet the third-quarter earnings guidance it issued last month. The Redmond-based company said that the continued spread of the coronavirus (COVID-19), especially in China, has affected the sales in its "More Personal Computing" segment, with Windows operating system and Surface laptops. "Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call," Microsoft said in a statement.

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Microsoft Joins Apple, HP in Scrapping Outlooks on Virus

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(Bloomberg) -- Microsoft Corp. became the latest tech giant to reduce its quarterly outlook based on the outbreak of a novel coronavirus that’s slowing production of computers and crimping sales of an array of consumer services and electronics. In a statement Wednesday, the company said it doesn’t expect to meet earlier guidance for fiscal third-quarter revenue in the Windows personal-computer software and Surface device business because the supply chain is returning to normal at a slower pace than expected. Last month, Microsoft gave a wider-than-usual sales target -- $10.75 billion to $11.15 billion -- for that division, citing uncertainty related to the spread of the deadly respiratory virus. In recent days, anxiety has mounted about the spread of the virus outside of China, where it originated. For the first time, more cases were reported in countries other than China in the past 24 hours, the World Health Organization said late Wednesday, a significant development as new cases spread around the globe, with South Korea, Italy and Iran particularly hard hit.

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