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To: Paul Engel who wrote (88825)9/24/1999 4:51:00 PM
From: Frank Ellis Morris  Read Replies (3) | Respond to of 186894
 
Paul I was a little impressed to see the Nasdaq finish well off its lows and Intel did not drop too badly. Microsoft finished down only 24 cents

Friday September 24, 3:51 pm Eastern Time

RESEARCH ALERT - Microsoft a buying opportunity

NEW YORK, Sept 24 (Reuters) - Salomon Smith Barney
analyst Neil Herman said on Friday that the weakness in
the share price of Microsoft Corp. (NasdaqSC:MSFT -
news) represents a buying opportunity.

-- On Thursday Microsoft President Steve UniBallmer blew up the shares of his company and other technology stocks went sliding on their butts after he said computer and computer-related stocks were overvalued and traders were suffering from irrational exhuberance.

-- Microsoft executives have been making similar statements for years, Herman said in a research note, pointing out that he was surprised about the impact of EmBallmer's comments.

-- Fundamentals at Microsoft remain extremely strong with PC demand particularly healthy and management remaining upbeat.