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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST

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To: Jerry Olson who wrote (26751)12/31/1998 1:42:00 PM
From: Michael Ohlendorf  Read Replies (1) of 45548
 
What do you guys think about MSFT ? It was looking weak the last couple of days. However, I think their earnings will be very solid given the last good reports from other leading tech companies. The P/E supports a run to at least 150 prior to earnings. That is also what happened the last times before they reported. The report will then bring the P/E back to its "normal" range again. There is also the possibility of a split announcement. Although I this is more likely for the next quarter. If the market remains stable the first January week a run up is inevitable in my opinion. I am currently looking at some February calls. INTC in contrast can not go any further than $ 120-125 even before earnings. As far as I know it has never traded at such a high P/E. Any thoughts here ?
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