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

To: ed who wrote (30552)	10/12/1999 8:55:00 AM
From: t2	Read Replies (1) \| Respond to of 74651

Bill Gates seems very bullish to me ---also comments on PC demand. Notice the reference to PC demand surprising analysts quote.bloomberg.com Microsoft's Gates on Telecom Alliances, PC Growth: Comment Geneva, Oct. 12 (Bloomberg) -- The following are comments by Bill Gates, Chairman of Microsoft Corp., the world's largest software maker, on partnerships with telecommunications companies and personal computer sales. He spoke at the Telecom '99 exhibition in Geneva. ''Today, I would say that our work with telecommunications companies is, if anything, equally important to Microsoft as the partnerships with hardware companies such as Intel and Compaq have been in the past. We believe that the demand for advanced communications has been grossly underestimated -- whether it is broadband out of the home or data from the mobile phone. We made a bet that these things will really explode,'' Gates said. On PC Demand: ''The PC continues to surprise the analyst. For each year of the last four of five years people have had very conservative forecasts for PCs saying maybe this is the year that PC sales will go down. In fact, the installed base of PCs is growing very, very rapidly. Not only has the price gone down and the volume gone up, the actual power continues to increase. The PC is not to be underestimated. The volume today is well over 100 million units a year and that is driving the software industry.''