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

To: David E. Henry who wrote (3893)	10/31/1997 3:56:00 AM
From: Clancy Hughes	Read Replies (1) \| Respond to of 74651

If the present market is awarding lower P/Es and I think it is MS arguably would drop from 50 to say 40 and if the eps projections are correct at .84, my guess is that the support is at 134.4. The estimates seem to be raised periodicly so that the actual outcome is substantially higher. For some reason too price seems to closely paralell gross sales despite the split. I agree with much of above, but take a dim view of the market. Agree further that MS is the safest position in a down mkt. Maybe we could get Janet Reno to make another 6 microphone press release. The stock went up about 4 pts. Clancy