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Technology Stocks : How high will Microsoft fly?
MSFT 485.70-0.4%11:29 AM EST

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To: werefrog who wrote (60377)8/6/2001 4:37:06 PM
From: Timetobuy  Read Replies (1) of 74651
 
Yes, 51. I doubt that will break, but if it does, it's going back to the low 40s.

It's expensive considering their growth rate and I have serious doubts about pc sales considering other retail sales are now cracking. If toys are not going, pc's won't either. That's why msft is putting out XP on the day of their next earnings report. It gives them another quarter to have pc sales recover. But there has to be a reason that Steve Ballmer has said the next few quarters don't matter and investors should be patient. I don't think they are planning on raising estimates, do you? More like the talk that John Chambers had before he guided down and the stock tanked.
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