How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.83

-1.1%

3:59 PM EST

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To: Insitu who wrote (50426)	10/2/2000 3:51:30 PM
From: Dave	Read Replies (1) of 74651

<What will happen if the earnings announcement is disappointing?> Bearish as I am on MSFT, I don't expect them to disappoint. MSFT's accounting has an amazing amount of room for fudging their numbers. You could see last quarter that they had to use a little bit of that flexibility. I fully expect them to meet expectations, but watch for them to have to cash in more investments, to start to claim depreciation on their software assets, and to hide some of their losses behind pro forma numbers. If there are any good analysts left in the business, they will be looking for this kind of shenanigans in MSFT's report, and they will tell you about them. But don't hold your breath waiting for that to happen; I think those guys have all been replaced by talking parrots in little cheerleader outfits.

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