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

To: Harry Sharp who wrote (19689)	4/5/1999 2:06:00 PM
From: Alan Buckley	Respond to of 74651

[I just don't see any reason to add MSFT to the DJ] I agree. The industrials tend to be huge employers (100,000+) with substantial capital investments in large factories that greatly affect the economies in their regions. This potential to directly impact so many is one reason they are believed to be worth watching. MSFT doesn't really fit this bill. They employ only about 25,000 most of which could easily find work elsewhere if necessary. Plus MSFT has no factory. Most of their business is paper license transactions. Even the shrink-wrapping, etc, is out-sourced. Obviously, they are also worth watching, but not for the same reason as the DJIA members. You could make a case for INTC, though.