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

To: taxman who wrote (36838)	1/19/2000 12:15:00 PM
From: johnd	Read Replies (4) \| Respond to of 74651

Thread, honestly, I am disappointed at the weak revenues and earnings. I was expecting 6.5Billion and 50c. Company came in at 6.11 and 47c. The earnings are even weaker at 43c if (as reported today in WSJ) the 4c gain from equity sales is factored. Also, the guidance for lower Q3 revenues and eps growth lower than revenue growth is disappointing to me. Wall street journal went on to say that in addition to the 4c equity sales gain, the company had some 685 million of investment income which is much larger portion of operating income this Q. (Note this is the part that would grow in single digit; unlike product revenue driven earnings). In the WSJ article, Goldman's Sherlund says that MSFT has moved into a slower growth phase. Overall it is a bit depressing. I have to mentally prepare for the stock to hit the 200d moving average of 91. Also with 1.6 trailing EPS at the low end band PE of 57 on the stock, 91.2 or appears the low end support for this Q. I have hell of lot of long position on this and will try to get more cash to buy again when/if it reaches low 90s. It looks like MSFT is dead money for a while.