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

To: Stormweaver who wrote (26835)	7/20/1999 11:37:00 AM
From: Dan Spillane	Read Replies (1) \| Respond to of 74651

Due to Y2K, some salespeople claim "companies won't buy any software after June 30th" (which just past)...remains to be seen to what degree this is true. This includes Win2000 and Office2000. Whatever the case, this effect should grow towards the end of the year. Also, don't underestimate the effect of the "main" pre-Y2K boost...many people had to replace mainframe apps with server apps and PC workstations for each seat...but that bubble could be reversing as well. ...looks to me like growth will slow down to the 20 percent range as I suggested before results came out yesterday. A new fair price target is 40 * 1.65 or 66 dollars a share, and that provides a generous "double" PEG. And given this lower price, some people may not be willing to hold shares thru Y2K given the uncertainty.