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

To: denni who wrote (7980)	5/25/1998 4:09:00 PM
From: Gan	Respond to of 74651

Money managers optimistic about Microsoft-NY Times ================================================= May 24, 1998 06:23 PM NEW YORK, May 24 (Reuters) - Money managers who hold Microsoft Corp's MSFT stock are cautiously optimistic about the company's prosects in the face of the goverment's anti-trust suit, the New York Times said Sunday in its Money & Business section. Philip Orlando, chief investment officer for Value Line Asset Management, predicted Microsoft's stock will soar to $110 a share this year and $130 next year, the Times said. Microsoft closed Friday at $85.5625. Robert Turner, chief investment officer of Turner Investment Partners in Philadelphia, who managers the Turner Growth fund, said said Microsoft's stock could go up quite a bit even if the legal battle was long, the Times said. Turner said there are a lot of deferred earnings associated with Windows 95 that make the company's stock look undervalued, the Times said. Turner and Orlando were among several money mangers interviewed by the Times who predicted Microsoft would not be harmed by the suit. ((--New York Newsdesk, 212-859-1700)) REUTERS