How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 481.43

-2.2%

12:24 PM EST

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To: wiley murray who wrote (6078)	4/23/1998 6:46:00 PM
From: Maverick	of 74651

Although investors don't have any qualms about paying 60 times next year's estimated earnings, that is too rich for the company itself. It hasn't bought back any shares since last year. Indeed, Chief Financial Officer Greg Maffei bluntly stated: "The market doesn't appear to care that our forward (price-to-earnings ratio) is very high. Many analysts go through elaborate and acrobatic analysis to justify this P/E, but it remains very high." Olde Discount's Shepich added the company might be vulnerable if it misses its shipping date for Windows NT 5.0, which is expected early next year. "They're not the best company for delivering products on time," he said. Excerpts By Brenon Daly, CBS MarketWatch

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