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Technology Stocks : How high will Microsoft fly?
MSFT 487.38-1.3%12:10 PM EST
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To: John F. Dowd who wrote (41700)4/10/2000 5:04:00 PM
From: Valley Girl  Read Replies (4) of 74651
 
My opinion: it's the lawsuit factor. The market's already discounting the worst the government will do to MSFT during the remedy phase. Probably not a break-up (if it does turn out to be a break-up, then look out below). But the towering unknown now is the class-action flak, which calls earnings forecasts into question. Remember, most of us have very little faith in the legal system to produce a just outcome here, and zero belief in a political fix.
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