>>> but I wouldn't hold my breath on MSFT going to 75. People will be buying Windows no matter what, for quite a while, and if revenue starts slipping a bit prices can always go up. Hardware costs half what it did a year ago, software?<<<
I don't know about that, Dan. I was quite serious when I asked for peoples opinions on MSFT at 100 by March.
We have been educated on the importance of the monopolistic death grip ad nauseum. And of course the proponents of that view may have had something. I always thought they did.
I think that long term any crack in that 'tyranny of code' is very very bad for MSFT. As the WSJ noted today, and I noted on the weekend, this isn't a short term profit problem for MSFT, it's a long term growth and competition problem.
As those same proponents never cease reminding us, the market is a forward discounting mechanism seeking equalibrium. And I think it's gonna seek it downward on this one, and I think that's gonna help the whole computer sector take another step down short term.
Preparing the ground for a lot of those second tier and smaller players to be freed to make some new products, out a year to three years. I think a year from now to two years from now there are great opportunities for new software, *especially* if the court reins in MSFT.
Meanwhile, I wouldn't be on margin here, folks. This is tardy advice for many, of course, given the last two weeks.
Chaz |
