How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 453.33

-1.4%

12:46 PM EST

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To: Stormweaver who wrote (27382)	7/26/1999 7:08:00 PM
From: John F. Dowd	Read Replies (2) of 74651

JN: If this is so why then is the IPO market so hot- even UPS and NYSE are considering going public. Many of these startup do indeed have what appears to be absurd PE's but how do you value such companies. MSFT is akin to ATT- If you broke it up you would have the parts equaling 3x the whole. The market is never wrong - AG worrying about inflation is crying wolf way too often. Cash isn't a hedge against inflation. The only inflation we have is an artificial blip in the cost of money created by bozo AG. Let the market, not AG, do the work. The market is never wrong unlessed coerced and manipulated by DC fools. The depression was really triggered more by the Smoot Hawley Tariff than by "wild speculation". Let the markets work without governmental interference. JFD

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