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Technology Stocks : How high will Microsoft fly?
MSFT 478.41+0.1%12:42 PM EST
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To: Augustus Gloop who wrote (8835)7/1/1998 12:21:00 PM
From: Dan Woodbury  Read Replies (1) of 74651
 
I expect MSFT officials to give their typical warning that while business is great now, growth will be slowing to 25% or so. Of course MSFT has given this warning in the past and the stock continues to climb higher.

Since much of the recent gains have come from an expansion in MSFT's already lofty valuation, I think the stock will fall back at least 10% in July as some air is removed.

IMHO, the stock will be lower after earnings than before.
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