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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: RetiredNow who wrote (4689)1/21/1998 4:43:00 PM
From: Joe Sabatini  Read Replies (1) of 74651
 
>>No wonder we assign such a high PE to this stock.

Yes, but we know everything trades on the future. What are the odds that Microsoft will be able to increase earnings 50+ percent over the coming year? I think it will be next to impossible considering the fact that no blockbuster products are waiting in the wings. I'm sure NT 5 will be fantastic, but even that will take some time to work its way into the mainstream.

Joe S.
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