Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Shread who wrote (5555)	3/25/1998 11:01:00 AM
From: X-Ray Man	Respond to of 74651

I agree. We are seeing a short-term euphoria on unexpected earnings growth (although still below some whisper numbers), but the other message will have longer-term impact: flat or absolute reduction in earnings for next 3 quarters possible. Once that has sunk in, and especially if Win98 doesn't provide the hoopla of Win95, market will adjust to 40-50x multiple on $1.75 earnings, which means stagnating around $80-$85 IMO. So, I wouldn't short it at 90, but I don't see it making significant gains the rest of this year! OK, let me put on my fireproof clothing ;-)