How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.93

+0.6%

3:59 PM EST

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To: johnd who wrote (36844)	1/19/2000 12:39:00 PM
From: johnd	Read Replies (1) of 74651

Microsoft Stock Drops After Earnings Report SEATTLE (Reuters) - Microsoft Corp.(NasdaqNM:MSFT - news) stock dropped on Wednesday in heavy trading a day after the giant software company posted better-than-expected earnings, but sounded a note of caution on the future. Microsoft was off 6 at 109-5/16 in midday trading on Nasdaq, where it was the most active issue with more than 27 million shares changing hands in the first two hours of trading. Investors likely were disappointed at how much of Microsoft's quarterly profits came from its equity portfolio rather than sales, said Bill Meehan, the chief market analyst at Cantor Fitzgerald in Darien, Conn. ====== Unfortunately, this is the perception of wall street.

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