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

To: Epics who wrote (42875)	4/21/2000 5:20:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

There is nothing forbids them from settling today, tomorrow or anytime. Both DOJ wants it and MSFT want it. See anything is possible. It is a stock. The stock will trade at 150 if MSFT settles in a week and Connors comes out and says business OEM sales have turned around and/or company has started a buyback.

To: Epics who wrote (42875)	4/21/2000 5:49:00 PM
From: sandeep	Respond to of 74651

Gates and Ballmer have never been on the conf call. They let their CFO do the talking...

To: Epics who wrote (42875)	4/21/2000 7:20:00 PM
From: David Howe	Read Replies (2) \| Respond to of 74651

<< With W2K and Pocket PC, Exchange 2000, SQL 2000 and other products coming out, I find single digit growth unlikely. They are scamming the public into thinking they are wounded so they can settle and then see 20% growth. >> I'm not sure I agree, but it doesn't matter whether they are putting on a persona of slow growth, or whether this and next quarter are actually slow. What matters is that MSFT is still a growth company and can still grow revenue and earnings at 20%. I believe that they can continue to grow the business at a rate similar to this for the next few years. An occasional slow quarter is to be accepted. Take a look at ORCL's chart. They announced a slow quarter back in March of 1999 (see that dip from $20 to $10). Well now the stock is at $70. So what if they had a slow quarter back in early 1999. It only took a year for the stock to go up 300% once growth resumed. If this next quarter is just a momentary lull in growth and due to a difficult year to year comparison, then the current PE is actually VERY low compared to many of their competitors. These are companies in the same business that are getting much higher PEs than MSFT is currently. The stock does look considerably undervalued in relative terms. The real reason for this is the DOJ saga. This will hold the stock back for the next month or two, but once the penalty is known, uncertainty will be reduced and the pressure will subside. And, of course, MSFT will appeal the verdict and the case will virtually disappear for at least a year, maybe two. This will again ease the pressure and the stock should rise, assuming all other factors remain status quo. My opinion is that we will see the near term low for MSFT this coming week and we will see a stock price above $100 by the end of the year. This also assumes that the market remains at today's level or higher, which is a factor that none of us can control and should not try to predict. Dave