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

To: t2 who wrote (28715)	8/25/1999 7:23:00 PM
From: DownSouth	Respond to of 74651

OT: T2K, did you see this (re: Q)? moneycentral.msn.com

To: t2 who wrote (28715)	8/25/1999 7:55:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

A little more perspective on MSFT's recent moves: Microsoft Jumps 14% This Week on Windows 2000, Y2K Redmond, Washington, Aug. 25 (Bloomberg) -- Microsoft Corp. shares have jumped 14 percent this week on optimism about the forthcoming Windows 2000 operating system and the No. 1 software maker's ability to weather the Y2K bug. Microsoft today rose 3 1/8 to 95 5/16 in trading of 40.9 million shares, making it the second-most active U.S. stock and a leader in pushing up the Standard & Poor's 500 index. Microsoft has risen three days straight since closing Friday at 83 3/8. Microsoft Chairman Bill Gates today reiterated that the Windows 2000 operating system, the company's most ambitious foray into the corporate-software market, will be shipped before year- end. In addition, Microsoft's overall sales are seen holding up better than those of many competitors in the face of fear about the Year 2000 bug afflicting software. ''We have held for some time that Microsoft is somewhat immune from Y2K,'' said analyst Michael Stanek of Lehman Brothers, who today reiterated his ''buy'' recommendation on Microsoft shares. ''We now sense a slight attitude shift: from Y2K being an unquantifiable risk to the company being a bit more comfortable.'' The shares could reach 130 within 12 months, Stanek said. Windows 2000, the successor to Windows NT, will be released to CD-ROM manufacturers in December and widely available to customers in March, Stanek said. ''We're pretty sure the bits will go final before the end of this year,'' Gates said, referring to Windows 2000. He was speaking at a Dell Computer Corp. customer conference in Austin, Texas. Court Ruling Microsoft also is benefiting from a favorable court ruling this week in its legal battle with Sun Microsystems Inc. Microsoft also is expected to announce the appointment of former Silicon Graphics Inc. Chief Executive Richard Belluzzo to head its Internet activities. On Monday, J.P. Morgan analyst William Epifanio raised his earnings estimates for Microsoft, based in Redmond, Washington. He reiterated his ''buy'' rating on the company. Epifanio boosted his estimate by 2 cents a share to 40 cents for the fiscal second quarter ending Dec. 31 and to $1.57 a share for the full fiscal year ending June 30, 2000. Microsoft should be ''on track, with the possibility of slight upside'' for the first fiscal quarter, Epifanio said today. The Year 2000 bug is expected to delay some software purchases as companies focus on fixing the problem, in which some older programs may mistake 2000 for 1900 because it expresses years with only the last two digits. Teflon