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

To: randmiser who wrote (25360)	7/1/1999 9:55:00 AM
From: William Hunt	Respond to of 74651

Thread ----From the WSJ article this morning----Were the SEC to conclude that Microsoft hadn't followed proper accounting procedures, it might force the company to restate its quarterly earnings -- an action that would ironically lead to even higher profit figures. Analysts said they didn't expect much to come from the probe. "If the SEC wants to force Microsoft to be less conservative, Wall Street will just increase earnings" projections for the company, said Rick Sherlund of Goldman Sachs. BEST WISHES BILL

To: randmiser who wrote (25360)	7/1/1999 9:58:00 AM
From: William Hunt	Read Replies (2) \| Respond to of 74651

Thread ----Microsoft Corp. Dow Jones Newswires -- July 1, 1999 DJ Lehman Names 10 Uncommon Value Stocks NEW YORK (Dow Jones)--Lehman Brothers Holdings Inc.'s (LEH) equity research group announced the selection of its 10 Uncommon Values stocks for 1999-2000 on Thursday. The stocks are: America Online (AOL), AT&T Corp. (T), Firstar Corp. (FSR), Ford Motor Co. (F), General Instrument Corp. (GIC), Intel Corp. (INTC), KLA-Tencor Corp. (KLAC), Lilly & Co. (LLY), Microsoft Corp. (MSFT), Tyco International (TYC). Lehman has been releasing its list of 10 uncommon value stocks for 51 years. Historically, the selections have outperformed the Standard & Poor's 500 Index over the 12-month period. The 10 stocks selected in the 1998-1999 period increased 51.2% from the close of June 30, 1998 through June 30, 1999. Over the same period, the S&P 500 was up 21.1%. Lehman markets a unit investment trust based on the 10 Uncommon Values portfolio. Lehman's 12-month price targets for its 10 uncommon value stocks are: America Online, $200 a share; AT&T, $73; Firstar, $42; Ford, $75; General Instrument, $55; Intel, $90; KLA-Tencor, $84; Lilly, $110; Microsoft, $130; and Tyco, $150. The stocks are selected by a committee that winnows through picks submitted by all the firm's equity analysts. In some years the stocks that have been included weren't widely known names; this year's list includes a number of blue-chip names that are commonly recognized by investors. The unifying feature of the companies selected is Lehman's feeling that they will offer good value over the next year, said Jonathan Duskin, senior vice president and equity product manager for the firm. "Sometimes, the names can be pretty obscure. But this year, the market has given us the opportunity to select big names and blue chip names. Whether they are household names or not, if they show the potential for uncommon value, they're on the list," Duskin said. Since the first uncommon values list was formed in 1949, the portfolio has performed up 251,897%, compared with 9,227% for the S&P 500, according to Lehman. Of the 500 stocks recommended over the years, 342 advanced, 155 declined and three were unchanged during the year they were recommended. Including 1998-1999, 37 of the portfolios have outperformed the market. BEST WISHES BILL