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

To: Jay k. who wrote (21101)	4/21/1999 7:06:00 AM
From: John F. Dowd	Respond to of 74651

To Andy and ALL: MSFT has the strictest adherence to GAAP of any reporting company. It is the most conservative of all cos. in its acctg. practices and its balance sheet. It presently carries 4 bill. of unrecog. earnings on the books and has 21,000,000,000 in cash. It makes a large income from selling puts and making other investments in the market. These investments are material. MSFT is more solvent than most of the banks in the US. Its gross margins are over 92%. MSFT doesn't cook anything except the competition. JFD