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

To: Sir Francis Drake who wrote (23233)	5/25/1999 7:44:00 PM
From: taxman	Respond to of 74651

"not write off the nets" interesting interview on vcall with blodgett of merrill lynch. Radio Wallstreet Internet Conference VcallApolooza "The World's Largest Conference Call" regards vcall.com

To: Sir Francis Drake who wrote (23233)	5/25/1999 7:54:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 74651

t2K - I have no more of a crystal ball than the next guy, but purely technically we should be nearing a short-term end to the sell-off. The McClellan oscillator is approaching oversold levels for several indices (and some of them should bounce off their 50 DMAs). OTOH, according to IBD 60.9% of newsletter writers are bullish, which is an extremely bearish number. The five-year high is 61.2%. The last time this reading was at the current level was back in February at the start of the last correction.

To: Sir Francis Drake who wrote (23233)	5/26/1999 12:20:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 74651

>>even high p/e QCOM is looking strong here Sir Francis, as a Qhead, I have to challange you on that characterization of Qualcomm. It's only true if you're looking in the rear view mirror (as in trailing twelve month), which is clearly not indicative of future earnings since they have offloaded the infrastructure business to Ericsson. The current consensus for fy00 is 2.51 (which imho is very conservative), which puts the forward p/e at 36.5; hardly a high p/e for a stock sporting a 5 year earnings cgr of 53.4%. My Second will be in contact with you, Sir Francis. You choice of weapons, naturally. Frank btw, Mr. Softee held up wonderfully today; I have hope for tomorrow <g>.