Utilities Updates: Default Folder X 1.9.7b3; Yasu 1.0; Boingo 1.1; zsDuplicateHunter 2.10; iPod Launcher 1.5.1; JigSaw 1.6.4; mo
Loudcloud Chairman Marc Andreessen has bought 438,000 shares of stock in his company over the past month and a half, company executives said Monday. Loudcloud did not put a price tag on Andreessen's purchase. The stock traded between $2.10 at the beginning of September and closed at $1.29 Friday. A filing has not yet been made with the Securities and Exchange Commission. In June, Andreessen purchased 1 million shares of stock in his company on the open market. Loudcloud, which went public in March, manages Internet infrastructures for online-intensive businesses. The company's stock peaked at $7 in May, but has trended downward ever since.
Hambrecht & Quist raised its fiscal 1997 earnings estimate on Microsoft from $2.10 to $2.33 per share after the company reported higher fiscal second-quarter earnings, according to a Reuters report. Hambrecht forecast 1998 earnings of $2.70 per share, and maintains a long-term "buy" rating on the company.