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

To: t2 who wrote (29812)	9/22/1999 6:26:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

MSFT trades in a range of 55 to 75 PE each Q. Considering 1.50 of eps by this Q, you can expect a price range of 82.5 - 112.5 for the reminder of the calendar year. Considering this Q eps growth rates will be lower than Q4 and that it will be in the 30 - 40% range, I expect it to trade in the lower end of the range. Tech market I think is in big danger. It is the last piller of the bull market that is left. DOW, S&P, RUSSEL are all heading down. NASDAQ is the last index to correct. We shall see. Currently MSFT is slightly above the mid-point of the 82 - 112 range.