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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (40958)12/25/1998 5:28:00 PM
From: accountclosed  Read Replies (3) | Respond to of 132070
 
Now, soaring Internet shares are changing the way some
investors value companies. Amazon.com shares rise by the day even
as business losses widen. In contrast, Microsoft trades at 63
times the past year's earnings -- a lofty multiple by most
analysts' standards, but a multiple nonetheless.
''Microsoft has a solid product and they have real
earnings,'' said Dan Eagan, a money manager at BlackRock, which
oversees $115 billion. ''At that price, they're very cheap,
versus a multiple you can't calculate

bloomberg.com

The logic of valuations is getting weaker and weaker, imo. Second post of mine in two days that said MSFT was cheap when you compare it to other bizarre valuations