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

To: Exacctnt who wrote (4276)	12/15/1997 3:08:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 74651

<<As a long-term holder (1987) of Microsoft>> Holy stock splits, Batman! Aren't you rich enough by now from this stock to be living off tax-free municipals by now?????

To: Exacctnt who wrote (4276)	12/15/1997 11:28:00 AM
From: John F. Dowd	Read Replies (2) \| Respond to of 74651

Dear Bob: I too should have embarked on such a strategem when MSFT rebounded to 144 but alas I missed and now am waiting for another rebound. Their earnings could be a big surprise as everyone is forgetting the phenomenon of NT. I really think that is as big a factor as Memphis perhaps bigger. Hopefully we will get a bounce and then a strategy such as you suggest will be prudent. I have owned the stock for a long time with a cost basis of something like 14.50 As it represents 2/3 of my net worth it is definitely a factor for me. On the other hand if it turns north and goes up 12% or 15 points I will have become 110,000 richer and the stock will still be south of its Aug. high. It is hard to tell what is going on. Are the funds dumping techs and buying what? Can we really say that the crown jewels of American tech. are being sold on the cheap or should they never have been priced so high? What stocks would you rather own over MSFT,INTC, CSCO, 3COM, ORCL. These are all leaders and all have been hammered in this anti-tech downdraft. My hope and real world bet is that with computers becoming more affordable and more available world wide and with the analog world of communication becoming more digitized with every passing day then we have only just begun. JF Dowd