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Technology Stocks : How high will Microsoft fly?
MSFT 483.03+0.5%Dec 5 3:59 PM EST

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To: Al Bearse who started this subject5/5/2001 2:44:17 PM
From: johnd  Read Replies (2) of 74651
 
Folks, MSFT has lot of upside potential here
a) Component prices are very low and a PC price war is in action helping supply - demand elasticity
b) An Appeals outcome can come out any time and could favor MSFT
c) MSFT valuation is still very low compared to rest of tech industry and MSFT historic averages
d) Rates are heading lower and it normally helps PE expansion of blue chips like MSFT

Back to 1.5yrs ago price of 120 would still be only about 55-60
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