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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Stewart M. Swenson who wrote (18715)4/23/1998 1:10:00 PM
From: Jay Rommel  Read Replies (1) of 24154
 
> After hearing some of the conference call details from CNBC, IMO the 4/22 close at 98-3/4 may be the "high water mark" for a stock that is extremely overvalued in comparison to its future growth (like PEG type stuff, etc).

This is what Briefing had to say:
Microsoft: Yesterday we noted that street wanted to see MSFT post a number at least two cents better than expected... Company reported a gain of $0.50, 2-3 cents above estimates... Rest of story was only so-so, as company posted revenue growth of 17% and made its typical cautionary comments... Having just lived up to expectations and having rallied over 4 points yesterday. stock may experience troubles building on its gain in today's trading... Even so, won't be long before stock is dancing above the 100 level on its way to 110.

What amazes me is that every time Maffei talks, he always warns
about ... oh we'll never be able to repeat a quarter like this,
Oh business is slowing down, etc, BS after BS ...

If I am not mistaken, he has taken this position for the last five
qrts. and MSFT has dipped and then shot up in price.
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