DLJ on MSFT:
This much is certain: On April 28, the Department of Justice and 17 states asked U.S. District Judge Thomas Penfield Jackson to order Microsoft to prepare a plan to reorganize itself into two parts. One part of the company would own the operating system business, including the Windows operating system that runs more than 80% of the world's personal computers.
The fact remains that more than a dozen analysts wrote reports urging their firms to buy the stock Monday, setting price targets north of $100. Sure, they wrote, splitting the company would halt its ability to innovate, spook the hardware makers it counts as customers and devalue its stock. in the words of Joseph Farley, analyst for Donaldson, Lufkin & Jenrette, "in the end we are comfortable that MSFT should win this in the appeals process."
That, too, is a sentiment analysts have reiterated for months.
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