How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 473.75

-0.9%

3:48 PM EST

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To: who wrote ()	9/14/1999 9:23:00 AM
From: taxman	Read Replies (1) of 74651

Microsoft Corp. (MSFT 93 7/8 -1 1/8) Not happy with a recent Forrester Research report which showed that large corporations favor Java and the Common Object Request Broker Architecture (CORBA) for large-scale applications by a 2-to-1 margin over Microsoft's Component Object Model (COM) technology, the software giant introduced new development tools and programming interfaces designed to make the Windows 2000 operating system more attractive as a Web development platform...According to Steve Ballmer, Microsoft is "at an inflection point in terms of what developers will use to build Web sites... This is more significant than the development of the browser [for Microsoft]. If we miss this we'll be in tough shape." No surprise traders took the company's statement as reason to take profits... Investors pay 60x estimated earnings when they are certain company will continue to deliver much better than market growth... If the company believes this new strategy is key to its future, then it only makes sense for investors to take a wait-and-see approach as there are no certainties that MSFT will enjoy the same success with its new game plan as it did with the old. Copyright ¸ 1999 Briefing.com, Inc. regards

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