How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.95

-2.9%

2:32 PM EST

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To: ToySoldier who wrote (12685)	11/28/1998 12:14:00 AM
From: ed	Read Replies (1) of 74651

Market cap is nothing more than a number. 10 Billion of market cap is a big one couple years ago, and now people are used to couple of hundred billion of market cap. In the near future, we will be used to market cap of couple of thousands billion. As the scale of economy grows, market cap also grows, so is the total outstanding shares. The most important thing is the growth. If a company's business does not grow (saturated) , a PE of 10 does not mean anything at all. The current high fly of the internet stocks is based on the expectation that they will make big later. If these internet companies can not deliver, the investors will be in big trouble. But we know Microsoft can always deliver.

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