How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 491.12

+1.7%

Dec 8 3:59 PM EST

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To: werefrog who wrote (4504)	12/25/1997 6:44:00 PM
From: Doug Fowler	of 74651

Yes, Microsoft has had a few years of outstanding earnings, but by their own predictions, their growth will be MUCH lower next year. Earnings reported in April are expected to be only about ten percent higher than the year ago period. That seriously brings into question a stock with a P/E of about 40. Combine that with the very bad PR they are getting, and the uncertainty of how their hands will be tied over Windows 98, and you could see the P/E go much lower. Late 1998 and 1999 look like they will be outstanding times for Microsoft, so it will depend on how far out the market is willing to look right now.

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