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

To: Tom Ardnij who wrote (13706)	1/2/1999 9:30:00 PM
From: DownSouth	Read Replies (1) \| Respond to of 74651

Tom, Just wondering why you put WCOM in "the moment" with AOL and Dell?

To: Tom Ardnij who wrote (13706)	1/3/1999 2:01:00 AM
From: Jake0302	Read Replies (1) \| Respond to of 74651

Tom wrote Jake, Thanks for the article. The long view certainly is an optimistic look at the years ahead. Certainly it adds confidence to long positions in those technology companies that establish the standards going into the millenium. Thanks for the positive reply. Just to touch on one thing in your post: standards. I'm a grad student, a law student in fact, and I just took a terrific intellectual property course on technology as a business asset. Our professor made a big deal about standards. The winner of the standards contest (ie, TCP/IP... Internet audio/ video... HDTV... DVD) has such unbelievable, but subtle, market power. In short, that is why the gorillas will get stronger. Markets are going to open up around the world to a greater degree. International Intellectual Property protections are in very rudimentary stages, but will improve as the incentives to third world governments compel them to put effective regimes in place. Not just MSFT, CSCO, INTC in technology will win; MTC, GE, AIG... not to mention smaller Internet companies like AOL, YHOO, and some others will win. I am also a former marine officer, and spent a lot of my time reading the economist and foreign affairs while prepping for deployments. I tend to think we will see a net increase in the world economic situation in 99. The Euro is going to be positive in early 99 especially and benefit multinational American stocks (GE, AIG, FDX, and quite a few others, which are good international plays with greater stability than owing a international fund). I get the sense that even though the Asian situation is not resolved, nor will it be fully, the worst is behind us; though the Japanese ability to disappoint may endure, and the Asian equity market is basically Japan. Barring Saddam nuking the NYSE, or a similar attack directed towards American confidence in our financial markets, we may be on the way up, generally. Of course, all of this could be clouded by my sunny disposition as a slacker graduate student. Cheers and Happy 1999!