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Technology Stocks : How high will Microsoft fly?
MSFT 474.55+0.5%3:00 PM EST

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To: djia101362 who wrote (23292)5/26/1999 6:10:00 PM
From: Scott Overholser  Read Replies (5) of 74651
 
>>technology. msft will NEVER trade at a P/E of 30, NEVER. i'll go so far as saying msft will trade at a P/E of 80 before it trades at a P/E of 40.<<

msft traded at 35 times trailing earnings in 1995 as the large-cap bull market began. why wouldn't it get there again (e.g. trade flat for many quarters.)
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