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

To: J. P. who wrote (33769)	11/11/1999 10:41:00 AM
From: taxman	Respond to of 74651

"[microsoft] is a very, very viable business" it's for insightful comment like this that these guys deserve barry bonds type bucks. regards New York, Nov. 11 (Bloomberg) -- A comment on the outlook for U.S. technology-related stocks in the closing weeks of 1999. ``We continue to see technology outshining other sectors of the market with very strong top-line (growth),' said Terry McLaughlin, a portfolio manager with Ashland Management Inc., which oversees $2 billion on behalf of wealthy individuals and pension funds. ``Technology by its very nature can tend to be somewhat volatile but we own seven or eight of the larger, more well-known technology stocks and I don't see selling any of them any time soon.' Ashland's top three computer-related holdings include Sun Microsystems Inc. Lucent Technologies Inc. and EMC Corp. ``EMC is one of our favorite stocks,' he said. ``They really control the data storage market.' Concerns about the Year 2000 millennium bug hurting earnings and the outlook for stock prices may have been overdone, he said. ``There were some concerns that buying would slow down because people wanted to wait for Y2K to pass but I think that has gone by the wayside,' he said. ``Spending is starting to pick up so I don't see any major implication from Y2K.' McLaughlin said it was too early to see the effect on Microsoft Corp. from a judge's ruling that the world's largest software maker is a monopoly. ``Certainly the judge's decision was not a good one for Microsoft because it does open the door to further discussions to possibly breaking up' the company, he said. But ``it's really too early to be able to accurately say what the impact will be.' He expects Microsoft's stock to be volatile ``but it is a very, very viable business and we're going to continue to be invested in it.' ``I think it's a possibility that the sum of the parts that might have to be broken up might actually be worth more than the way they are valued with the company being one whole group,' he said. ¸1999 Bloomberg L.P.