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Technology Stocks : How high will Microsoft fly?
MSFT 490.970.0%1:53 PM EST

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To: J. P. who wrote (14202)1/12/1999 8:25:00 PM
From: t2  Read Replies (1) of 74651
 
JP, Intel's stock was under under 120 just a week or 2 ago. They probably were not expecting it to hit these levels so quickly. They probably had their earnings statement done a week ago. I think the stock split is SECURITY, that is, their way to stop a downturn in the stock if one occurs---I do think they will announce one if stock goes up as well. It is just a matter of time. Intel is known to be cautious going forward especially at this time of year. I don't expect a drop in Intel but if we do see one, I am looking for a big run in MSFT. Each PC whether cheap or expensive has WINDOWS98.

MSFT's case is different. The stock has not run up yet. They may be concerned about investor confidence given the way the stock has been behaving this week. They need to show that they are interested in maintaining shareholder confidence or else this thing will drop fast.

FEb 150s look good because MSFT can announce a split 1st week of February like last year-----depending on how the stock behaves after earnings. Remember the stock was at only around 130 to 135 at the time of the ANNOUNCEMENT (it ran up a lot afterwards) of the split last February. It sure is going to be higher than that this time. If no run---chance of split is even great IMHO. IBM also reports next Tuesday and they should split ---even if INtel does not.

I expect to see a positive presentation by the legal team starting late morning tommorow. I think they should have settled earlier as bad media spotlight hurts their image,which to me is very important for this company.
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