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

To: Jake0302 who wrote (14529)	1/18/1999 8:56:00 PM
From: t2	Respond to of 74651

Jake, BG did not think this way before. But a change will do him some good. In any case, the unearned revenues are now transparent anyways. So you look at earning and the unearned ------ YOU HAVE GOT A GREAT EARNINGS REPORT. Best of Luck

To: Jake0302 who wrote (14529)	1/18/1999 9:57:00 PM
From: Warren Gates	Read Replies (1) \| Respond to of 74651

I fully agree with you. In fact, I don't think the govt. will risk a Microsoft triggered stock market meltdown with any drastic ruling. Microsoft is in every mutual fund list, and as the biggest company in the S&P 500, managers of index funds have to make sure they're always weighted properly in it, and those of non-index funds make sure they have at least the ratio of their index counterparts or risk underperforming the index again. I just checked the institutional holding in Microsoft. It now stands at 40%. With 32% insider holdings, 28% remains in the active float. Funds probably don't trade it too much now because it's not as volatile as before. At the rate they're buying the stock, if the S&P 500 doubles again in the next 3 years, there might just not be much Microsoft stock to go around. Technically, Brazil did a lot of Microsoft holders a favor by providing some scare last week. Now, Microsoft could have a big push tomorrow and Wednesday and still have more room before it goes to overbought territory. I expect 160 at the minimum due to earnings which is just about where the upper channel of the trend is.