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

To: John F. Dowd who wrote (44222)	5/3/2000 7:52:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

JFD, but for MSFT's downward earnings revisions for Q4, and next year, I would have been upbeat right now. I was very upbeat until Q3 earnings release and conference call. I was disgusted after the Q3 conf. call which basically said in Q4 revenue growth will be 2% and earnings growth will be 3%. In addition, it was said, next fiscal year, the earnings will grow by 9% to 1.88 from this fiscal year's 1.72 or so. So that is what knocked me out. I am yet to recover out of that. I am used to MSFT CFO saying has to be cautious about future but next Q will be at least s penny to 2 higher. But this Q, it was "at least 2 pennies lower"; what do you make of this. Balmer keeps talking about this 25 PE thing. So how can I cheer up?