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

To: Paul Fiondella who wrote (4941)	2/2/1998 2:38:00 PM
From: RetiredNow	Read Replies (1) \| Respond to of 74651

Maybe the recent runup has been a momentum play, but I think alot of people are buying because of the truly enormous potential of NT sales. NT software sales alone could eventually be a $10 billion business. Then throw in all the other stuff MSFT is involved in like Comcast, WebTV, etc. The runup may lose steam, but we won't see much of a retraction from here. The big money got in before the runup, right after earnings release, and they'll be holding for awhile.

To: Paul Fiondella who wrote (4941)	2/2/1998 3:04:00 PM
From: Alan Buckley	Respond to of 74651

[This quarter is not expected to be good for any companies with Asian exposure] MSFTs Asian exposure is concentrated in Japan, which thus far has not collapsed the way Hong Kong and Malaysia have. MSFT will be hurt like everybody else in Asia but has no special exposure I see. I agree the split announcement has a lot to do with the run-up. It reads like a message that MSFTs management is comfortable with the current price, as opposed to the signal Ballmer gave last summer by saying "maybe we're not worth $180B yet". I think the money held out then is jumping on now. Also, I think investors have had time to digest the DOJ actions and potential actions and plan for the risks. In the short term, even worst case DOJ news wouldn't force me out, and I suspect others may be coming to the same conclusion. Not a spike IMO. I think the floor is rising.