How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: Jason Ellis who wrote (39789)	3/25/2000 6:28:00 PM
From: Dwight E. Karlsen	of 74651

re "What is JP Morgan talking about? Epifanio said "investor exuberance was premature..." then he issued a BUY? Hello?" >>Although Microsoft shares rallied this week, analysts warned that investor exuberance was premature. ``We haven't heard any official word from any side on this, so it renders any information about a settlement questionable,' said William Epifanio, an analyst at J.P. Morgan Securities with a ``buy' rating on Microsoft.<< --- Jason, analysts are famous for issuing ratings after the stock has moved to anticipate news. Thus, if MSFT pops to $125 on a settlement agreement, we could see a few new "strong buys" (Epifanio among them) and a slew of "reiterate strong buys". To be fair, those "reiterates" mean that there were plenty of analysts who had that strong buy rating when MSFT was trading @ $90-95.

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