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


To: ed who wrote (14148)1/11/1999 6:28:00 PM
From: Michael Ohlendorf  Read Replies (2) | Respond to of 74651
 
I also think MSFT will hit at least 159 before the earnings release day next week. Unlike all this Internet hotair ballons it is a value Internet play and a great software company besides. I will eat my shoes if earnings will not be good with the reported 41% PC sales increase in December. Some great new products in the pipeline as well. I will always buy MSFT before I buy Yahoo or AMZN. Concerning AMZN book selling is a very low margin business. The Internet does not change anything in regard to this fact. So why all these negative vibrations ? Today it just took a breather. A good opportunity to load up some more. And if the will not announce a split this quarter they will be forced to announce one next quarter because of a much higher stock price than today.



To: ed who wrote (14148)1/11/1999 7:49:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
Ed, It looks like MSFT starts presenting its case on Wednesday. This along with earnings getting closer should put a lot of movement into this stock. Volume was relatively light today. I am still betting on an upgrade.
More importantly how could a MSFT analyst not raise the price target on this stock. Just look at what it has in addition to the net.
Given the decline today, such an analyst move would be best tomorrow because it would make the them look better (everybody wants to predict what they guy at CIBC Oppenheimer did with Amazon.com).

I am now starting to think your estimate of 200 is within reach given the incredible moves in the net stocks. I think some analysts also want to a make a name for themselves and will start making moves.
However my Jan 145 and 150 don't look too good right now. I wish they expired next week. Am I worried? NO!!!

BtW, the Merrill Lych analyst who upgraded AOL today was also the one who said Amazon.com will drop to 50 at the same time CIBC Oppenheimer raised target to 400. Amazed!!
.