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Technology Stocks : MICROSOFT -- Ignore unavailable to you. Want to Upgrade?

To: CGarcia who wrote (63)	8/22/1998 4:00:00 AM
From: ed	Respond to of 65

$120+ after 2 to 1 split. Why ? With the recent cloud from DOJ and market correction, MSFT hold pretty well at the $105 to $115 range, the Dow had been corrected for 12%, from 9500 to 8400 , while MSFT had less than 9% of retreat from its high of $119. Fundamentally the stock is very strong, and there are huge supports at the $105 to $110 range, and the stock is in a accumulation mode based on the daily trading patterns. After Sep 8th, when the initial reaction of the trial is history, and the earning release in Oct, when the revenues from win98 is reflected, MSFT will step jump to $130 to $140 range, just like the release of WIn98 , stock jump from $84 to $119. After the earning release of Jan, 1999, with the good earning (win98, NT4), and the expect delivery of NT5 in the secon quarter and office 2000, MSFT will pop up to the territory of $150 to $160. With the release of earning in Jan 1999, and the announcement of 2 to 1 stock split, the stock will reach to the price range of $160 to $170 , and probably will hit $85+ after split in March of 1999.with continued good earning from newly released products, i.e WIn 98, NT5 , and SQL 7, MSFT will continue its rise for the rest of the year( 1999 is the big year for MSFT, and a lot of new products will be released in this year) , and probably hit $120 to $140 at the end of 1999. After year2000, the stock will continue its climb with new revenues from its new products.