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

To: Reginald Middleton who wrote (8563)	6/22/1998 3:06:00 PM
From: Wizard	Read Replies (1) \| Respond to of 74651

>>Analyst consensus estimates are expressed in EPS. Quarterly performance numbers are expressed in EPS. Valuation measuers are expressed in EPS. True but valuation based on EPS is usually in the context of the growth of the EPS and any change in expectations what the reported EPS number does to expectations of future EPS. Never have I seen anybody say "Company X reported EPS of $.16 (or whatever) and that means the stock is worth $22 (or whatever)."