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Technology Stocks : How high will Microsoft fly?
MSFT 487.38-1.3%12:10 PM EST

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To: johnd who wrote (13634)12/30/1998 6:29:00 PM
From: t2  Read Replies (1) of 74651
 
MSFT stopped buying back their shares a quarters ago. I guess their "experts" thought they were too expensive. They could have repurchased a lot of shares at prices 1/2 of what it would cost now. I noticed they started again for at least the last 2 quarters. Why? Are they cheaper now? They just got smarter and realized that they have no expertise in this area or hired smarter people. It is better to buy back every quarter - sort of like dollar cost averaging. It just took them a lot of time to realize this. I would be shocked if they did not repurchase about the same number of shares as last quarter.

I am now sticking with my predictions of at least 150 by earnings
(I know it changes a bit from time to time).
Their earnings went up from 36 to 56 cents Sept 97 to Sept 98 quarters. My gut feelings have paid off big this year ( 50 times return on investment - with options and stock). I usually choose between Dell/Intc/MSFT. At this point MSFT appears to be the best options bet to me, IMHO.
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