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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%12:59 PM EST

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To: Andrew G. who wrote (27375)7/26/1999 5:57:00 PM
From: johnd  Read Replies (2) of 74651
 
After I read Greg Moeffi's presentation (at msft website), I can
see why stock is falling. Signals he reiterates:

(a) Revenues growth between 14% - 19% (half to 2/3rds) for FY00
(b) Lower EPS growth from higher costs
(c) Put strikes at 63 - 65 [MSFT thinks current price is way too high]
(d) Buybacks have been reduced in # of shares

I think big funds are selling after listening to the presentations.
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