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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (23718)	6/6/1999 9:55:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

Option007, Your theory of stock moves up on anticipation of office2000 and then will sell off on Monday would be an OK prognostication under normal environments. But you are missing a major point. That is that currently the price of MSFT is depressed because of the DOJ trial news. under that environment, any news other than the DOJ news would have a positive bias on the stock. In addition consider the summer rally factor and the next fiscal year earnings upward I expect the stock to hit 85 this week and close to 90 by end of next week. Eventually hitting 100 by end of June to mid July. revision. johnd

To: John F. Dowd who wrote (23718)	6/6/1999 9:58:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

JFD - I understand your point, and you are right in so far as government interference is concerned. In the real world, it usually backfires. The argument "for" AG "meddling" in the equity market valuations, is part of the same justification as his overall responsibility to "manage" the economy. Back in the old days, controlling money supply and setting interest rates were enough leverage to "smooth out" the business cycle. Today the equity market is such an important factor in driving the cycle, that AG feels it necessary to address himself to this lever. The problem for him is that the tools he has traditionally used have somewhat weakened, and now in order to do his job the way he was able to do in the past, he must address himself to this factor - market valuations. Is this right or wrong? Basically, its the same argument as to whether the FED (or government in general) should attempt to "manage" the business cycle at all. The "purists" will say no - hands off... but that means hands off from ALL attempts to control the cycle. If you say that there is some place for such management, then by extension, one could argue for AG facing the new reality that now market valuations are a critical tool, as they are as important if not a more important factor in driving inflation as interest rates. Obviously this is on a more "macro" level of the overall market, and not individual issues, a distinction that is a bit more than academic. I think the consensus is that that on balance, AG is not wrong to keep an eye on the markets. The devil is of course, as always, in the details. He has a powerful new tool at his disposal - will he know how to use it, and will he use it well? Time will tell. Morgan

To: John F. Dowd who wrote (23718)	6/7/1999 12:16:00 AM
From: ed	Read Replies (1) \| Respond to of 74651

Are you sure this is a real free market economy ? I do not think so !!! This economy is even worse than the planned economy in the communist countries. At least the Russian government will not claim that Russia had a free market economy in public . The worst thing is you claim in public that you have a free market economy, but do the opposite !!!!

To: John F. Dowd who wrote (23718)	6/7/1999 4:33:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 74651

To All: MSFT has more hot irons in the fire than DOJ/Jackson and the anti-MSFT lobby can put out. The trial is a flea bite on an elephant's butt. Monday's Top Stories Sales of Windows handhelds jump Compiled by CBS MarketWatch Last Update: [Timestamp] HONG KONG (CBS.MW) -- Sales of handheld computing devices using Microsoft Corp.'s (MSFT: news, msgs) Windows CE system are expected to exceed those of 3Com Corp.'s (COMS: news, msgs) Palm machines in Asia as early as this year, market-research firm International Data Corp. Asia Pacific predicted. China will be the driving force behind Windows CE-based palmtops in the region, with a number of major personal-computer manufacturers pushing the gadget in the country, said Frederique Jacquot, IDC Asia Pacific's senior market analyst. Windows CE is a simpler version of Microsoft's dominant Windows operating system. "The China market should take off in 1999," she predicted, noting that handhelds using the Chinese Windows CE system were introduced only toward the end of 1998. In the first research report on handheld computing devices in the region excluding Japan, Jacquot forecast that the market will exceed three million units by 2003, which translates into $1.4 billion in revenue. JFD