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

To: t2 who wrote (23079)	5/21/1999 2:38:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

t2k, I am actually considering selling some MSFT July Puts by the end of the day today or early next week. I am that confident that the stock has bottomed over the long term. Teflon

To: t2 who wrote (23079)	5/21/1999 2:48:00 PM
From: Jim Lamb	Read Replies (1) \| Respond to of 74651

t2000,nice article.Here is a quick bull MSFT read from the latest Fortune mag. Microsoft (MSFT) is not usually thought of as a Net stock. But the software giant is certainly benefiting from the Internet revolution. Despite the hoopla over network computers (remember them?) and Internet appliances, PCs are still the world's main gateway to the Net, and over 90% of PCs use Microsoft's operating system. Indeed, for every PC sold, Microsoft collects roughly $55--just for the operating system. That doesn't include fees for applications like Powerpoint or Microsoft Word. Microsoft's recent alliance with AT&T and its investment in cable giant Comcast make it almost certain that the software colossus will play a role in broadband. AT&T's support should also give Microsoft's Windows CE operating system entree into millions of set-top boxes and steer traffic to its MSN portal. Says CS First Boston's Mike Kwatinetz: "The long-run payoff from these deals, especially the AT&T investment, will be huge." Things look equally bright in the short term. Kwatinetz notes that Microsoft is just beginning its most lucrative wave of product launches ever, with Windows 2000 and Office 2000 expected to be major hits. The introduction of Windows 2000 (formerly known as Windows NT 5.0) in late 1999 or early 2000 is especially notable, since it's likely to help Microsoft grab a big chunk of the $60 billion to $80 billion a year market for heavy-duty enterprise software. What of that antitrust trial you've heard so much about? Well, since it started last fall, Microsoft shares are up 47%. Few analysts expect it to have any long-term impact on earnings. "You have to own this company," says Kwatinetz. "This is about as predictable a play as you can find anywhere in the market."

To: t2 who wrote (23079)	5/21/1999 5:31:00 PM
From: Sir Francis Drake	Read Replies (5) \| Respond to of 74651

Well, I guess now we know the exact bottom for MSFT price in the intermediate term. From the article t2K posted: <<To enhance its stock repurchase program, Microsoft sells put warrants to independent third parties. These put warrants entitle the holders to sell shares of Microsoft common stock to the Company on certain dates at specified prices, and permit a net-share settlement at the Company's option. On March 31, 1999, 163 million warrants were outstanding. The outstanding put warrants have strike prices ranging from $59 to $65 per share and maturities ranging from 6 to 36 months." >> MSFT has never had any options exercised against it. So what is the likelyhood it'll happen again. So, low of 65. Morgan