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


To: t2 who wrote (12857)12/1/1998 11:18:00 PM
From: John F. Dowd  Read Replies (1) | Respond to of 74651
 
To tech and ALL:

This is the stuff great companies are made of!

Microsoft has split its shares seven times, five of those at levels between 97 3/4 and 120 3/4. The last split took place after the shares closed at 155 1/8.
At least 19 analysts have raised their earnings estimates for the next two quarters since the company guided forecasts higher in October. Analysts are optimistic about the company's update to its database software, SQL 7.0, and recent acquisitions aimed at strengthening its online businesses.
''You've got unparalleled strength in terms of product and execution,'' said Jim Walline, a portfolio manager with Lutheran Brotherhood, which owns shares in Microsoft. ''I remain a bull two to five years out.''
The antitrust case brought by the U.S. Justice Department and 20 states has yet to prove it will undermine Microsoft's earnings, Walline said. In the trial, now in its seventh week, the government accuses Microsoft of using predatory practices to extend its monopoly in computer operating systems to Internet software, squashing rivals such as Netscape Communications Corp.
The trial ''seems to have diminishing strength as a negative until people can see hard and fast numbers that they will be hurt, should they be judged guilty of anti-competitive behavior,'' Walline said.