Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	4/19/2002 8:23:08 AM
From: shoreco	Read Replies (1) of 99280

MSFT, Simply amazing, Here come the upgrades... 6:47AM Microsoft upped to Buy at Merrill -- attractive entry pt (MSFT) 56.37: Merrill Lynch upgrades to near-term BUY from Mkt Perform. Firm believes money flows will favor MSFT in sector recovery, as other large-caps struggle. Merrill trims its FY02 est to $1.84 from $1.88 and FY03 to $1.92 from $1.95. Believes that the estimates hide considerable earnings power and leave room for upside going forward. FWIW, Yesterday I said I believed all the "bad news" was priced in because there were news articles out saying MSFT would lower Xbox sales expectations and they also said MSFT would lower forward guidance. Here's the article.. Wednesday April 17, 3:21 pm Eastern Time Microsoft Seen Meeting FY3Q Views, But Warning For FY03 biz.yahoo.com JMO, I think we'll get the same type of reaction that we received when IBM warned. What I mean is, they'll spin it positive because the markets will hold together when the largest publicly held company can warn and still go up. EOM Shoreco PS, We are unchanged over-night as I type and the "spin" doctors pulled off another botched up, but successful smoke and mirror magic trick...

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