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

To: werefrog who wrote (4501)	12/25/1997 3:09:00 PM
From: Jim Lamb	Respond to of 74651

Jim,I really doubt we see 100$ on this stock, anything is possible especially with the govt. involved. If it does hit 100 I'll probably buy stock on margin for the first time in my life. Remember back in about March when MSFT beat their number by about 23%, and the stock went from 90 to 120 then to 150. We tend to forget those events when confronted with " Asian crisis" and DOJ. If I was a gambling man ( which I am since I'm in the market) I would bet 180 is much more likely than 100 in 1998. Here is a interesting post. Zarb makes push for Nasdaq-listed stocks in DJIA By Jennifer Westhoven NEW YORK, Dec 24 (Reuters) - The battle for new listings between the Nasdaq and the New York Stock Exchange is heating up, with the NASD's top-ranking official making a personal push for Nasdaq-listed stock to be included in the granddaddy of U.S. stock indices -- the Dow Jones Industrial Average. Frank Zarb, the chairman and chief executive officer of the National Association of Securities Dealers (NASD), has personally contacted Dow Jones & Co (NYSE:DJ - news) and the Wall Street Journal about the idea, according to a Nasdaq source. Zarb was making an argument for top Nasdaq-listed companies to be included in the world's most widely-tracked stock market barometer. He suggested four stocks as possible Dow candidates: Microsoft, Intel, Oracle Corp (Nasdaq:ORCL - news) and Cisco Systems Inc (Nasdaq:CSCO - news), according to the Nasdaq source. All current 30 Dow components are listed on the New York Stock Exchange. The Dow was rejigged in March this year, in a bid to become less smokestack oriented and more technology related to better represent a composite of the U.S. economy. But some analysts questioned the changes, saying they seemed to obviously exclude top U.S. companies like Microsoft Corp (Nasdaq:MSFT - news) and Intel Corp (Nasdaq:INTC - news), probably because they were listed on the Nasdaq. The battle of the exchanges has been going on for years, with both the NYSE and the Nasdaq constantly trying to lure companies from the other side. But the fight has heated up in the past two months since the NYSE eased its ''Rule 500''. That rule made it nearly impossible for companies to delist and trade shares elsewhere by requiring a super-majority of shareholder approval. So far, no NYSE-listed companies have switched because of the rule, said Big Board chairman Richard Grasso. Grasso, in an interview with Reuters Financial Television aired on Tuesday, said the New York Stock Exchange would be ''delighted'' to snare some of the Nasdaq's top companies. ''For those companies, we think we have a better mousetrap,'' he said. Many companies listed on the Nasdaq because the NYSE had no program for initial public offerings. From its founding in 1792 until 1983, it listing only three new companies. ''And we were not too far out on the risk curve. They were U.S. Steel, Comsat and Ford,'' he said. ''At that time, the NYSE told MCI and Intel to go list somewhere else -- that was a mistake.'' Nasdaq spokesman Reid Walker said, ''We believe we offer the best market structure in the world. We trade some of the most highly liquid companies in the world and we would welcome similar companies that are currently listed on the New York Stock Exchange.'' The NYSE countered that it was the premiere marketplace in the world. ''The numbers speak for themselves,'' NYSE spokeswoman Lynn Newman said. ''We've got more than 3,000 of the world's top companies with 343 from 45 foreign countries. We've got a market capitalization of $11.2 trillion and premiere programs for ensuring the integrity of our marketplace.'' --------------------------------------------------------------------------------