How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.77

+0.1%

11:42 AM EST

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To: Charles Tutt who wrote (46419)	6/11/2000 4:27:00 PM
From: johnd	Read Replies (1) of 74651

I don't think MSFT will start moving up until August. But when it does start moving up, I think it will move quite well to 66 PE levels. 1.75 * 66 => 116 levels. I see it recovering all lost ground this year and expect it to close at equal to or greater price than last year or about 116 - 117. Next week I think Microsoft will officially file its appeal to appeals court. Jackson will issue yes or no on stay request. Microsoft will file stay request to appeals court. Then the first big result to watch is whether appeals court will stay or not. If appeals court stays, then market may react positively and the stock may move back up to mid 70s to low 80s. All said and done the worst may behind both from a legal point of view and from a fundamental point of view. From here on as the cloud starts clearing on both aspects, the stock should see appreciation. I am still looking for 180 - 200 by end of next year. Only issue is that would mean a trillion in market cap. So I am note sure if will be too rich in valuations.

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