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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (59999)	7/14/1998 9:58:00 AM
From: DownSouth	Respond to of 186894

Two Experts Cautiously Optimistic On Microsoft Stock NEW YORK (Dow Jones)--Microsoft is an important technology holding with a good future, but it is expensive and doesn't afford much protection against earnings disappointments, two fund managers said. Philip Schettewi, managing partner of Loomis Sayles, and Gerard Hallaren, co-portfolio manager of the Invesco Strategic Technology Fund, were interviewed on CNBC Tuesday morning. "I like Microsoft, I like their business (and) obviously they dominate," Schettewi said. "I think it's a little expensive, but the market doesn't really seem to care about price." "It's got business momentum and I think if you're going to own software you should own Microsoft," he said. He added, however, that it is currently selling at a high multiple. "I think there are better opportunities out there with at least some price/earnings protection in case you get an earnings disappointment," Schettewi said. Hallaren said he likes Microsoft's Internet exposure. "I think the Internet is a major positive change and if you compare Microsoft's way of dealing with the Internet and Intel's way of dealing with the Internet you have got to like Microsoft's approach a whole lot better," Hallaren said. -By Victor Ozols; 201-938-5394 "Dow Jones News Service" "Copyright(c) 1998, Dow Jones & Company, Inc."