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

To: Mike Farrar who wrote (4687)1/21/1998 4:27:00 PM
From: Brian Malloy  Read Replies (1) | Respond to of 74651
 
Headlines out so far. MSFT beat the estimates. After the IBM debacle this should be better new for the techs tomorrow.

16:21 [MSFT] MICROSOFT: ASIA REVS DOWN 8%; EUROPEAN REVS UP 33%.
16:21 [MSFT] MICROSOFT 2Q EARNINGS OF 85C/SHR COMPARE WITH 57C/SHR LAST YEAR.
16:18 [MSFT] MICROSOFT NET 85C/SHR VS. EXPECTATION OF 82C/SHR.
16:18 [MSFT] MICROSOFT BEATS STREET ESTIMATES OF 82 CENTS.
16:17 [MSFT] MICROSOFT 2Q NET 85 CENTS/SHR VS. YR-AGO 57 CENTS.



To: Mike Farrar who wrote (4687)1/21/1998 4:27:00 PM
From: RetiredNow  Read Replies (2) | Respond to of 74651
 
Looks like its good earnings. Microsoft's net income grew a whopping 53% from last year's quarter to this year's quarter. Amazing! No wonder we assign such a high PE to this stock.


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