How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 465.93

+3.3%

Jan 23 3:59 PM EST

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To: Bernard Elbaum who wrote (25816)	7/11/1999 1:13:00 PM
From: johnd	Read Replies (1) of 74651

Bernard, Regarding your question about maturation of MSFT's products, etc.. I am not too worried because MSFT management is. It is one of the few companies that is a behomoth but operates like they could go out of business tomorrow. They are paranoid to the core. They have placed bets on lot of new and emerging technologies in different ways and I know like MSFT management that they continue to grow. As per your other question about IBES estimates, I can tell you two things. A) MSFT has grown its EPS at a rate of about 43% over the last 15 years B) IBES estimates have lagged MSFT actuals by about 40%. So the 25% growth they are projecting is actuly correct on a conservative basis. I see MSFT stock price having potential to hit 300 in 2-3 years as someone on this thread has said earlier. But the valuation will be mind boggling. It will be a 1.8 trillion market cap company. Will have about 50B in cash and revenues may be about 45 Billion with earnings of about 20 Billion. Looking at the coming week, lot of day traders seem to be excited about MSFT. Also I see a lot of momentum hunters noticing that MSFT has been under accumulation. One web page has a 98 target for Friday's close. Another has a 100 - 105 target. I think it will open Monday a bit lower (may be) and slowly and steadily rise to that targets that people believe it will hit. Ther is lot of room to go in the short term and in the long term. We could hit 105 to 110 in the shorter term before taking a pause and then climbing again to 120ish by Jan00. johnd

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