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Technology Stocks : How high will Microsoft fly?
MSFT 476.50+0.8%3:10 PM EST
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To: Sunny Lee who wrote (254)10/3/1996 8:02:00 AM
From: J.C. Machielsen   of 74651
 
.re "I assume you mean 97 EPS estimate of $4.3 is too high to be
reached?"
No, I wanted to inform you that Iris meant the current P/E ratio is
too high. Sorry, about using the wrong term.

Notice, that in the Netherlands and Germany we have lower interest rates
than in the US, so we should be ready to accept higher P/E ratio's.
For US stocks I have to take the dollar exchange rate into account,
which is an extra uncertaincy I try to deal with.

Thanks for your remark, Jan
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