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To: GST who wrote (101895)	4/22/2000 12:35:00 AM
From: Eric Wells	Respond to of 164684

GST - in truth, I have no idea if Microsoft will have any impact on the market on Monday or Tuesday - and in fact, I'm not placing any bets (I'm all cash at the moment - and plan to remain that way). However, if you consider that two weeks ago Monday, Judge Penfield Jackson's ruling rattled the markets, and then a week ago Monday, Goldman analyst Rick Sherlund's downward forecast of Microsoft revenues rattled the markets, one might come to the conclusion that continued bad Microsoft news might continue to rattle the markets. If there is one company that one can point to as a symbol of the bull market over the past 10-12 years, it's Microsoft. The company has never disappointed, and they've never advised analysts to lower earnings estimates. Thursday, they disappointed (on revenue) and advised analysts to lower estimates. Combine that with a punishment proposal form the DOJ on Tuesday which is likely to be harsh, and things don't look good for Microsoft. This might drive individuals and funds to sell MSFT on Monday - and such selling may cascade to other stocks. Again, I in no way claim to be an accurate forecaster of the market - and while I believe the markets could get rattled on Monday/Tuesday, I would not be entirely surprised if they don't. But like I said, I'm not betting either way - I'm merely watching at this point. Thanks, -Eric