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

To: William Hunt who wrote (25362)	7/1/1999 10:08:00 AM
From: codawg	Respond to of 74651

Good morning, thread. We're off to a poor start, but I don't think it will last. Analysts are reiterating their strong buys and Lehman pushes the stock. The SEC investigation is NOT anything to be concerned about. Today might be ugly, but we'll roar into earnings over the next 2 weeks.

To: William Hunt who wrote (25362)	7/1/1999 10:20:00 AM
From: taxman	Read Replies (2) \| Respond to of 74651

The Adviser.com Alert - the-adviser.com Dear Clients and Investors: In a continuation of missteps and legal challenges, Microsoft Corp announced that the U.S. Securities and Exchange Commission is investigating the software giant's accounting policies for setting aside reserves covering such things as returned software and undelivered upgrades. In a last minute conference call, Greg Maffei, the Company's CFO, said Microsoft was "cooperating fully", the-adviser.com is exclusively reporting that several key Wall Street analysts were dumbfounded at the Company's response. The analysts, all of whom requested to remain off the record, believed that Maffei was simply not credible nor forthcoming in the conference call when he indicated that although the SEC investigation was initiated in January, he only learned of it "some months ago" but could not remember when. Management also indicated that they did not know the entire scope of the probe. Although we have not yet been able to confirm several additional facts, we understand that the SEC has received extensive assistance by a former Partner of the Big Five Public Accounting Firm that previously signed the certified audited financial statements of Microsoft. Additional news is forthcoming and will be reported by the-adviser.com. Although The-Adviser.com remains extremely positive on Microsoft (one of our Top Ten Stock Picks for 1998), we do expect increased negative volatility in the short-term and would use large negative swings (if they occur) to increase our position. Complete details of our exclusive report on Microsoft is available on at the-adviser.com. regards