Under the severe pressure from the DOJ case, MSFT still held pretty well. In the past one week , the buy out of NSCP showed the world that the best Hi Tech policy for the government is to let free competition play its own roll. The political power will never work. The lesson from the previous USSR, China is a good lesson for the US government to learn.
From here, MSFT will carry its momentum all the way to over $140, and then a split announcement followed with strong earning announcement by the middle of Jan 1999, and April will carry the stock price over $200 before the middle of 1999. Without the DOJ case , Msft should be a stock of $150 today. Now the DOJ case just faded away and DOJ is trying to keep its face, with the low interest, Asian recovery, US and Europe still strong, South America out of its crisis, Japan start to recover, and many new products to be released in the coming years, I do not see the reason MSFT won't fly !!!!!!!!!!!!!!!!!!!!
|