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Technology Stocks : How high will Microsoft fly?
MSFT 472.22-1.3%Nov 21 9:30 AM EST

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To: Reginald Middleton who wrote (10109)8/14/1998 3:52:00 PM
From: nommedeguerre  Read Replies (1) of 74651
 
Reggie,

>>What Asian crisis? My companies have increased over 100%...

What is Intel's price today? What was it when you were hyping it when the crisis hit? When is Microsoft going to hit $600 like you once boasted?

Please explain what exactly it is people are getting for a market-cap of $300 billion? $12 billion in gross revenues? How long do you think share price can sustain a higher rate of increase than the revenue rate of increase? As long as there is one more buyer than seller the stock will climb; nothing more than a speculative gamble as to when to get out. I'm sure the crafty John Dowd's will cash out at the right moment, but someone will take it in the shorts eventually. Somehow you seem to make the assumption that doubling $100 billion in revenue will be as easy as doubling $12 billion. Explain how Microsoft will do that and still retain those nice, fat 34% margins they enjoy in their PC niche?

Cheers,

Norm
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