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Technology Stocks : How high will Microsoft fly?
MSFT 514.59-0.4%3:59 PM EST
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To: John F. Dowd who wrote (47532)7/6/2000 4:52:54 PM
From: johnd  Read Replies (1) of 74651
 
JFD, I am expecting a 100 pt pick up in MSFT over the next 12 months. Of that 40 is lost ground and another 60 is new ground. I expect MSFT's PE to get back to normal levels of around 65 and good upside to MSFT's fiscal 2001 and fiscal 2002 EPS. I expect Microsoft, the company, will be surprised to find the level of acceptance of its new products and the upside to revenue and earnings going forward.
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