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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (47533)	4/20/2000 9:51:00 PM
From: Box-By-The-Riviera™	Respond to of 99985

or its an interesting ploy on the part of msft to put pressure on the reigning party to have DOJ lighten up.... no flames... it fits well with most conspiracy theories offered here... J

To: fedhead who wrote (47533)	4/20/2000 10:11:00 PM
From: zoya	Read Replies (1) \| Respond to of 99985

//This could be the capitulation bottom in Microsoft we are looking for. Cramer also sold the exact bottom in 1998.// Your observation makes a lot of sense.

To: fedhead who wrote (47533)	4/20/2000 10:47:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

anindo, this is WAY beyond Soft's usual stuff. This is bad news

To: fedhead who wrote (47533)	4/20/2000 11:38:00 PM
From: Adam Weiner	Respond to of 99985

You're right about Cramer being a contrary indicator, but in this case he happens to be right (a first for Cramer). Microsoft is known for their cautious statements, but this call was an entirely different animal. The most troubling sign I took away from the call was Microsoft's oblique admission that the law of big numbers was finally catching up with them. During Q&A, analysts seemed bewildered by the revenue shortfall, and remained so even after Microsoft's explanations. Here's a link to the call: www3.vcall.com

To: fedhead who wrote (47533)	4/21/2000 2:03:00 AM
From: KyrosL	Read Replies (2) \| Respond to of 99985

Amindo, be careful! $885 million of MSFT's $2.39 billion quarter profits, was from investment gains. Without the investment gains, MSFT's operational profits were $1.5 billion, or 20% lower than last year. That's the real story. MSFT, like Intel and GE, is now relying on investment gains to show earnings growth. Ironically, out of favor companies, like COMS, that do the same, are punished mercilessly by the market. Compare COMS's P/E ratio of 16 (which includes their investment gains) with MSFT's.