Yeah, I do think MSFT will essentially say, you want us to report all our cash, fine, here is .50 eps vs .35 expected. And the timing could not be better: hiatus in the trial, which is dragging on and on. The antitrust trial penalty has essentially been 100 billion in mkt cap for 12 months. No biggie. But at some point MSFT is going to get that 100b back. Now would be a good time to start since the SEC is giving the MSFT acctg dept a reason to report all that cash as earnings. The biggest dilemma for the CFO will be how to moderate expectations going forward, since MSFT has done such a nice job of managing expectations downward, then suprising on the upside. I just think this upside suprise could be awesome.
Looks like we are running or a new high today... now at almost 94.5... what, a point or so from the high?
no, we won't bounce off the high back to 76... i remember that situation well. it was very similar... expiration week, but right after a split, and after the heart of earnings season... this is very different... we have earnings on monday... followed by a week of earnings from SUNW, NOK, QCOM, and other tech stocks. it is very similar to the last situation in that I have a boatload of options, but this time, I think we are going solidly over 100. last time, I was playing my expectation that MSFT would not trade below 100 for long. this time, I think I will be right. now, funds are in accumulate mode, and MSFT is a no brainer for a relatively stable tech stock with steady upside potential. |
