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To: H James Morris who wrote (128203)	7/12/2001 11:27:29 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

hj, it appears that msft's earnings are no longer growing... Message 16064931 $0.44 to $0.42. a forward pe of 40 applied to decreasing earnings (and, realistically, a future of flat to single digit eps growth at best) can be explained... how? ;-)

To: H James Morris who wrote (128203)	7/12/2001 12:32:05 PM
From: NOW	Read Replies (1) \| Respond to of 164684

where do you see that? Are you long GE? <GE announces record profits again, although Jack Welch admits its the toughest economy he can remember. He also said "If any company can handle tough times its GE look at our track record". >

To: H James Morris who wrote (128203)	7/12/2001 3:27:28 PM
From: craig crawford	Respond to of 164684

>> Yup, GE announces record profits again, although Jack Welch admits its the toughest economy he can remember << everyone knew that they were going to make the numbers. notice that the fastest growth came from their power systems division. now that it's showing nice revenue gains it's going to have a lot tougher comparisons going forward. g.e. of course gets a boost from alan greenspam's money printing extravaganza as well. we are closer to the end of the easing cycle than the beginning. notice how g.e. made their earnings number but their sales were down 3%. i'm no accountant but these are things to keep an eye on. >> He also said "If any company can handle tough times its GE look at our track record". << oh really??? go read up on your history! you could have bought g.e. in 1966 and over 15 years later in early 1982 you had made no progress--g.e. was the same price. sure they paid a few dividends, but inflation was rampant during this time period so you ended up with losses. i am not going to let up on g.e. it is going to suffer a large decline in the near future, i'm just not going hog wild on the puts yet because this isn't quite the right time of the year to go short.