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

To: gao seng who wrote (27911)	8/5/1999 1:30:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

Last year the yearly lows on Dow, NASDAQ and MSFT all came around October 8th. Considering that there is similar chart patter to last year, could we see a low with another 10% correction within next 60 days? Any opinions? SFD, and other TA gurus, what do you see?

To: gao seng who wrote (27911)	8/5/1999 1:49:00 PM
From: RTev	Read Replies (2) \| Respond to of 74651

Actually, MSFT is under threat from Ma Bell. They got cable and dsl. Which part of Ma Bell are you talking about here? Remember that Microsoft is a major player in the cable world and in DSL. Just a few examples: They are one of the partners in RoadRunner, the second-biggest cable modem service. They hold a major stake in Comcast, the third largest US cable company. They took a major stake in AT&T in order to get a privileged place in their settop boxes. They also have equity positions in Rhythms, one of the major competitive DSL providers. (I think in one of the others -- either Northpoint or Covad -- as well.) Hell, they'll even have a major stake in one of the Baby Bells if Qwest's purchase of USW is completed. Unlike AOL, Microsoft is in a great position to take advantage of broadband.