How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: Sir Francis Drake who wrote (22086)	5/5/1999 5:38:00 AM
From: John F. Dowd	Read Replies (1) of 74651

SFD: Further to my comments about Expedia look at the following:"REDMOND, Wash. - Jan. 5, 1999 - Microsoft Corp. today announced that its leading MSN™ Expedia™ online travel service grew by more than 150 percent from 1997 to 1998, surpassing industry projections for year-over-year growth among online travel services. In addition, MSN Expedia topped off its 1998 performance with a record-breaking $8.5 million week, the highest reported weekly sales in the online travel industry. "The relationships of MSN Expedia with customers, travel suppliers and distribution sites have been the key to our success in '98," said Simon Breakwell, MSN Expedia group product manager. "We believe our performance is testament to the fact that our focus on ease of use, great technology and top-notch customer service is a winning formula." When considered against the backdrop of PCLN having a market cap of 19 billion and not being profitable and not being as large in terms of annual revs.one has to wondeer what MSFT's price is doing hovering at this bargain basement level while new entrants to the field who are not doing as well are accorded humongous PE ratios. John

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