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

To: Elroy Jetson who wrote (8869)	7/1/1998 11:22:00 PM
From: Bill Fischofer	Read Replies (2) \| Respond to of 74651

OS Lifecycles It takes 20 years for an operating system to reach maturity and 30 for it to reach senility. UNIX dates from the early 1970s, NT from the late 1980s. For investors, the question is not what can be done right now but where things are headed over the next 5+ years since the stock market is a discounting mechanism. Given that software is an infinitely plastic medium and NT has for all practical purposes unlimited financial and technical resources being poured into its improvement, the ultimate outcome has effectively already been determined. This is why shuffling dates around by a quarter or two here and there has no real effect on MSFT's discounted share value.