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Technology Stocks : How high will Microsoft fly?
MSFT 483.69+1.1%3:59 PM EST

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To: Don Earl who wrote (3588)10/20/1997 7:26:00 PM
From: John Chen   of 74651
 
Don, I don't get it. MSFT has a float of around
740 Millions shares. So, I get 1 penny per 7.4 days.

MSFT just made 72 cents this quarter. If everything is flat and
MSFT has to pay the fine, the effect is (90/7.4) ie: 12 cents for
next quarter.

It hurts but it's not a big deal. MSFT has billions of deferred
earnings. Also, I doubt the earning is FLAT. Even I have to buy
a new PC this X'mas.
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