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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Scott C. Lemon who wrote (28246)9/24/1999 6:00:00 PM
From: EPS  Read Replies (1) of 42771
 
Hi Scott,

More on Ballmer. So what to do if you are an analyst covering MSFT???

Friday September 24, 5:32 pm Eastern Time

RESEARCH ALERT -JP Morgan reiterates
Microsoft buy

SEATTLE, Sept 24 (Reuters) - J.P. Morgan reiterated its buy rating on Microsoft Corp
Friday and urged investors to buy shares on any weakness stemming from company
President Steve Ballmer's negative remarks, analyst Bill Epifanio said.

-- Epifanio said Microsoft's P-E ratio of 64 times earnings is roughly twice the average for
S&P 500 stocks, in line with its trading levels of the past three years.

-- He said the market eventually will shrug off Thursday's remarks by Ballmer, who said many technology shares, including
those of Microsoft, were overvalued.
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