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

To: Srini who wrote (19642)	4/3/1999 7:46:00 PM
From: Roger	Read Replies (1) \| Respond to of 74651

ANyone hazard a guess what MSFT will be by earnings? If history is any guide, then any stock at 90 tends to go to 100. Having said that, I think MSFT will in earnest begin its earnings runup in a few days. Earnings are due Apr 21? I was perusing its past action prior to earnings - and think a run to 110 may not be out of question. Would like all the knowledgeable folks on this thread's opinion please. My rationale for buying and holding this (and other) stocks is simply anything that is the leader in its category and is growing earnings quarter over quarter. And MSFT satisfies both handsomely. Looking down the road, there are several positives potentially - Win 2000, a possible settlement with Justice, and MSFTs foray into the Internet big time. TIA

To: Srini who wrote (19642)	4/4/1999 9:46:00 AM
From: PMS Witch	Read Replies (2) \| Respond to of 74651

Just curious about the stuff at the bottom of your post. If I understand correctly, the claim has been made that AOL stock will appreciate to the point that the market cap of AOL will be greater than that of MSFT. The reason given for this happening is that the Street wants some honour to go to the NYSE instead of NASDAQ. This doesn't make sense to me. First, both NYSE and NASDAQ are exchanges of sorts, not players. They both exist to facilitate people who wish to buy and sell securities. For any security to rise in price, buyers must be willing to pay a higher price. Buyers usually set the price they pay in anticipation of some appreciation in that price; hence, they make a profit when they eventually sell. I don't believe many buyers would be motivated to pay a higher price for a security because they want to augment the prestige of the exchange where that security is traded. The only reasonable explanation I can find for this behaviour would be if the people making the decisions were NOT spending their OWN MONEY. Still, I'd need to find some rational motivation on their part before I'd believe they'd invest so irresponsibly. I sincerely hope I've misunderstood the paragraph. If so, I'd welcome any clarification of its meaning. Happy Easter, PW.