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

To: Stormweaver who wrote (27382)	7/26/1999 7:08:00 PM
From: John F. Dowd	Read Replies (2) \| Respond to of 74651

JN: If this is so why then is the IPO market so hot- even UPS and NYSE are considering going public. Many of these startup do indeed have what appears to be absurd PE's but how do you value such companies. MSFT is akin to ATT- If you broke it up you would have the parts equaling 3x the whole. The market is never wrong - AG worrying about inflation is crying wolf way too often. Cash isn't a hedge against inflation. The only inflation we have is an artificial blip in the cost of money created by bozo AG. Let the market, not AG, do the work. The market is never wrong unlessed coerced and manipulated by DC fools. The depression was really triggered more by the Smoot Hawley Tariff than by "wild speculation". Let the markets work without governmental interference. JFD

To: Stormweaver who wrote (27382)	7/26/1999 7:56:00 PM
From: limtex	Read Replies (1) \| Respond to of 74651

JN - Every time there is a drop in the market out come the prophets of doom. This is the end of the bull market indeed the end of the market, the end of capitalism, its Japan all over again, its 1929 all over again. I guess will will see over the next few months but whatever the situation at the moment the following it seems to me is the case:- 1. Mr Greenspan and his cohorts must be delighted, dancing in the isles, bring out the champagne they have hurt the market as he seemed to want to do by saying what he did last week. 2. For the most part US investors didn't panic last year when there was a serious threat to the World economy. Unless therefore Mr G unhappy with the results of his hysterical rantings last week decides in his evident frustration to try and cause the markets to drop even further with another outburst this week then US investors are unlikey to panic and therefore the market will drop only so far. 3. I had thought that Mr G's job was to endure a stable currency and that meant ensuring that inflation stayed within certain low limits. AS best I understand it those limits have not been breeched and show no signs of doing so. 4. There had recently been quite a bit of talk about foreign markets having recovered. The figures today from Japan and Germany the no 2 and no 3 economies of the World show that the recovery was an illusion. To make matters even worse both the Euro and the Yen have very recently increased substantially in value against the $. True putting up interest rates in the US will probably strengthen the $ but it will also have the effect of slowing the economy and chucking millions of Americans out of work. This will just about put the nail in the coffin of the German and Japanese economies that rely on the US for a good part of their exports. 5. Unwarranted Euphoria!!!! Could Mr G please tell his opinion (which is of course the only correct opinion) of the value for MSFT shares, also Amazon, Broadcom, Juniper, Freeserve, Ubid, AOL and QCOM. 6. As he has now stated that he will no hesitate to take firm action at the first sign of inflation ( of which there appears to be no sign)could he please state ( ok roughly) how many Americans he thinks sould lose their jobs and be added to the unempoyment rolls in order satisfy his evident frustration at the strength of the stock market. Best regards, L