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

To: Gerald Walls who wrote (43852)	4/28/2000 9:01:00 PM
From: johnd	Respond to of 74651

T2, be careful about short-term, if you are betting on short term up moves. Some even say low of 60. Though I don't believe. But what do I know, I felt that way at 80, 70 Antitrust case continues to depress Microsoft shares By Dawn Kawamoto Staff Writer, CNET News.com April 28, 2000, 5:30 p.m. PT The Microsoft antitrust case has taken its toll on Microsoft investors, and it's unclear whether the cloud hanging over the shares will lift anytime soon. The shares, which have already been pounded this year, could come under increased pressure following a tough remedy proposal from federal and state regulators calling for the split of the software giant, analysts said. Today's news is just the latest blow for the company, which has watched its market capitalization cut practically in half since December. With the threat of a breakup looming and little guidance to how the new companies would be valued, investors have pushed Microsoft shares down 42 percent in less than four months. Analysts predicted more bloodshed for the software giant's shares next week, as investors and the analyst community digested the possibility of a split Microsoft. "I think the stock may trade down on Monday," said Terry O'Brien, an analyst with Branch Cabel, adding that he foresees investors supporting a price of about $60 a share. Microsoft, which closed at $69.75 prior to today's court developments, gained slightly in after-hours trading to $70.50. Despite the slight rise, analysts note that volume was too light to use as a gauge for investor sentiment.