How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 496.92

0.0%

Nov 7 9:30 AM EST

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To: mozek who wrote (5365)	3/6/1998 2:02:00 AM
From: Gary105	Read Replies (1) of 74651

All, thanks for comments, yesterdays action in msft was heartening. I will be adding to core position (established in the $70s) on dips. Whether growth stays at current levels or drops over time to 30%, the stock is fairly valued given low interest rates, even though p/e is high. If one has more than a one year horizon, any contraction in p/e is inconsequential compared to long term growth rate, even if its 30%. If it continues anywhere near current growth - thats gravy. DOJ hearing is noise. Also msft seems to have solid base in the 60 - 75 level on which current advance is based and has history of jumping in spurts, basing, jumping in spurts. Gary

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