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

To: John F. Dowd who wrote (44226)	5/3/2000 8:34:00 PM
From: OLDTRADER	Respond to of 74651

RE:John Dowd-Great advice.-Thank you.

To: John F. Dowd who wrote (44226)	5/3/2000 9:12:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

JFD, Surprised MSFT went down yesterday on Mary Meeker's call. An internet analyst???? I can't believe people who recommends internet stocks saying stay away from MSFT. I guess MS's clients want to be in before she makes her bullish call. Now I am waiting for that bullish MSFT comment in the coming 1 to 3 months. It is almost a certainty, IMHO. Maybe Goldman Sachs will beat her to it. However, investors are getting more sophisticated. They are realizing that when an analyst says there is no catalyst in the near term for a stock to move up, it means a catalyst is around the corner, especially in this situation. No surprise MSFT recovered today. One would have expected it to drift lower into the mid 60s (as Meeker implied) if they really took her seriously.

To: John F. Dowd who wrote (44226)	5/3/2000 9:12:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

JFD, agree with your points. By the way, I think the NY times article indicating the windows of buyback freeze is wrong. All references I have seen shows at least 6 months from deal close (Jan 7). So earliest is July 8 and not June 8. MSFT won't buyback the stock until August because they grant new stock options (preferably at lowest possible prices) based on July 31st closing price. They will likely again talk doom and gloom on July 20th at earnings and again on July 27th at the financial analysts conference and keep the stock low till July end. Just my opinion