How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: johnd who wrote (14851)	1/20/1999 3:25:00 PM
From: Alan Buckley	Read Replies (1) of 74651

WSJ: Microsoft's Profit Surges 75% Amid Strong Demand for PCs interactive.wsj.com "Analysts gasped at Microsoft's latest performance. "That was an amazing quarter," said Rick Sherlund, a Goldman Sachs analyst. Added Michael Kwatinetz, of Credit Suisse First Boston: "Unbelievable. The earnings momentum is very strong." He predicted that two major new products, the Office 2000 suite of desktop applications and the Windows 2000 operating system for more powerful computers would fuel Microsoft's growth anew starting in about two more quarters. Longer term, he believes Microsoft will grab huge shares of the markets for non-PC digital devices and for Internet services. Microsoft's chances of maintaining at least a 25% growth in per-share earnings over the next four to five years are "nine on a scale of 10," Mr. Kwatinetz said. If that happens, and Microsoft's stock price maintains its present multiple of about 75 times earnings, the company has a chance of obtaining a market capitalization of more than $1 trillion by 2003."

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