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Technology Stocks : Microsoft Corp. - Moderated (MSFT)
MSFT 510.37+1.4%Nov 14 9:30 AM EST

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To: Dave who wrote (705)10/25/2002 3:19:41 PM
From: David Howe  Read Replies (1) of 19789
 
<< The problem with your logic there is that 9% is much less than the future growth already priced into MSFT's high-flying P/E. >>

I don't agree at all. Sure, an extended bear market could drag valuations much lower, but that would be a temporary phenomina based on emotion only. From an analytical perspective, the valuation is excellent, especially if they get anything close to 9% growth. 3% growth would easily support the current valuation.

IMO,
Dave
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