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

To: Sonki who wrote (30289)	9/30/1999 3:48:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

Sonki, The market correction that I was expecting for a while is at least partially done. Along with the overall market correction came pressure on MSFT. MSFT has reasonable shot at getting back to yearly high or 100.75 the day before earnings. So next two weeks will be interesting. As I indicated earlier, I expect 39-40c this Q and 5.5B in revenues. There will also be about 5-6c in one time gain from sidewalk sales. Net, the company will have 1.54 recurring trailing eps OR about 1.60 including sidewalk. Give it a 55 - 75 PE range, and we could see a price range for the stock in the range of 85 - 120 for the reminder of the year.