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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: Charles Tutt who wrote (51263)10/16/2000 1:50:20 PM
From: Dan Spillane   of 74651
 
The balance of the new products is weighted positively over the next few quarters. It follows then that the forward P/E is of course lower than the trailing.

Historically, I cannot remember Microsoft trading at any lower than a twenty-something P/E...and this was only during low-growth periods or when there was a major crisis.

We seem to be at the start of some new growth with the new products...coming off a lower-growth period.
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