How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.71

-0.1%

Dec 26 9:30 AM EST

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To: taxman who wrote (20566)	4/15/1999 4:19:00 AM
From: Kevin Hay	Read Replies (1) of 74651

PC pricing pressure = good for msft. ''Intel reported lower revenues driven primarily by lower ASPs (average selling prices),'' said Dan Niles, a BancBoston Robertson Stephens analyst, in a note to clients. Niles slashed his 1999 and 2000 earnings estimates, to reflect a tighter pricing environment. Niles cut his 1999 earnings estimate to $2.25 a share from $2.42 previously and his 2000 earnings estimate to $2.55 a share, from $2.80 previously. dailynews.yahoo.com When I weigh what I've been hearing about pc companies problems, the vast majority are citing pricing pressure. I've heard very little about any decline in unit demand. And what I have heard is attributable to seasonality, which is a fact that anyone that's been around for a while knows. I've started a trading position at 86. I'm hoping this is short term but will get more if it goes below 80, and hold, though I'm doing this on margin. I don't usually trade msft, but this sell off looks too juicy to pass up. Some day msft will hit a top -- perhaps when pc's are as common as microwaves…? Oh yeah, and Windows is in the microwave too -Kevin

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